Q1 2019 Production Results

 

NQ Minerals PLC

(the “Company” or “NQ Minerals”;
NEX: NQMI, OTCQB: NQMLF)

Q1 2019 Production Results

April 8, 2019


NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF) (“the Company”), a mineral processing, exploration and mining company is pleased to announce its Q1 2019 production results from its flagship Hellyer Mine (“Hellyer”) located in Tasmania.

Key Hellyer production data:

 Dry Metric Tonnes ("DMT")    Q1 2019   Q4 2018   % Change 
                                DMT       DMT 
                             --------  --------  --------- 
 
 Lead Concentrate Produced     4,712     3,991     18.06% 
 Zinc Concentrate Produced     3,015     1,537     96.16% 
                                       --------  --------- 
 Pyrite Concentrate 
 Produced                    18,488     4,291    330.86% 
                                       --------  ---------

The results from Q1 2019 reflect the first full quarter of production for the Company. During the quarter, operational efficiencies have been realised with month over month improvements in dredged and milled tonnes.

Brian Stockbridge, Non-Executive Chairman of NQ Minerals, commented:

“We are delighted by the results being delivered from our Hellyer Mine. Now that we have successfully achieved commercial concentrate production, the positive trends we are realising at site are a culmination of the continued commitment to enhancing shareholder value through appropriate investment and the dedication of the operations team. The mine has performed exceptionally well on the key production metrics of lead, zinc and pyrite concentrates, along with mill throughput, and we look forward to continuing to drive production at Hellyer.”

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About NQ Minerals

NQ Minerals is an Australia-based mining company which commenced production in Q4 2018 at its flagship Hellyer Gold Mine.  The Company anticipates strong cash-flow and profitability from Hellyer and has a portfolio of exciting exploration prospects. The Company’s management team has decades of experience in the exploration and production of gold, silver and a variety of base metals. Please visit our website at www.nqminerals.com.


For further information, please contact:

NQ Minerals
Brian Stockbridge
Non – Executive Chairman
[email protected]
+ 44 (0) 787 688 8011 (UK)
NQ Minerals
Colin Sutherland
Chief Financial Officer
[email protected]
+ 1 (416) 452 2166 (North America)
Arden Partners Plc
Corporate Finance
Ruari McGirr, Ciaran Walsh
Dan Gee-Summons
+44 (0) 207 416 5900
IFC Advisory Ltd
Financial PR
Graham Herring,
Tim Metcalfe
+44 (0) 203 934 6630