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NQ Minerals expects to reach full production levels by next year

NQ Minerals Ltd (OTCQX: NQMLF)  CEO Roger Jackson tells Proactive Investors about the refurbishment of its Hellyer polymetallic plant in Tazmania.

The flagship property has "substantial" reserves of zinc, lead, silver, gold and copper as a result of the 1990s mining of the Hellyer Gold Mine. The company acquired the gold mine in June 2017, as well as its assets which include a mill facility and existing infrastructure.

The company expects the refurbishment to be completed by the fourth quarter with production to follow. At full production levels, NQ Minerals expects to produce about 1 million tons.

Jackson forecasted revenue at around US$705mln for the nine-year life of the project.


Quick facts: NQ Minerals PLC

Price: 8.25 GBX

Market: NEX
Market Cap: -

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NQ Minerals Hellyer Project in Tasmania progressing well

Roger Jackson Executive Director of NQ Minerals PLC (LON:NQMI) tells Proactive London that NQ Minerals is on track with metallurgy, commissioning and solid production rates now at their main Hellyer project in Tasmania. NQ Minerals has produced its first lead, gold and silver concentrate...

on 14/11/18

2 min read