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.