************NQ Minerals Chairman David Lenigas outlines new 483,000 ounce gold resource at Beaconsfield.
Click Here to listen to entire interview.
**************** NQ's Beaconsfield Purchase featured on the nightly news
Registered Office
PKF LITTLEJOHN CORPORATE SERVICES LIMITED
Company number 04138491
c/o PKF Littlejohn
2nd Floor
15 Westferry Circus
Canary Wharf
London
E14 4HD
Investor Inquiries
David Lenigas
Non – Executive Chairman
lenigas@nqminerals.com
+44 (0) 7881825378 (United Kingdom)
Colin Sutherland
Chief Financial Officer
colin.sutherland@nqminerals.com
+ 1 (416) 452 2166 (North America)
Share Structure
Stock Symbol: NQMLF (OTCQB)
ADR Symbol: NQMIY (NQ ADR represents 100 common shares for each ADR)
Issued and Outstanding Shares: 346,750,000
Percentage of shares not in public hands: 32.75%
For up to date shares outstanding information including the most up to date information, <click here> to be re-directed to the company's website ************** For access to the company's latest corporate presentation, <click here>.
Get access to the latest research report on NQ Minerals by VSA Capital by <clicking here>.
About NQ Minerals Plc
NQ Minerals is an Australian-based mining company which commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be viewed on NQs website at www.nqminerals.com.
Press Releases and all Regulatory Releases (click on any headline to be redirected)
AUSTRALIAN GOVERNMENT APPROVES NQ’S ACQUISITION OF BEACONSFIELD GOLD MINE
EQUITY ISSUE
INSTITUTIONAL EQUITY ISSUE
INSTITUTIONAL EQUITY ISSUE
BEACONSFIELD JORC GOLD RESOURCE INCREASES TO 483,000 OUNCES AT 10.3 G/T
APPOINTMENT OF VSA CAPITAL AS CORPORATE BROKER
NICKEL RESOURCE SIGNIFICANTLY EXPANDED IN TASMANIA TO SUPPORT PFS
FIRST QUARTER 2020 PRODUCTION FROM NQ'S HELLYER MINE AND COVID-19 RESPONSE PLAN
BEACONSFIELD GOLD MINE UPDATE AND NEW CORPORATE PRESENTATION
INSTITUTIONAL EQUITY ISSUE – CORRECTION
US$60 MILLION DEBT REFINANCING AGREEMENT
NQ MINERALS SIGNS DEAL TO BUY THE RICH BEACONSFIELD GOLD MINE IN TASMANIA
NQ MINERALS PLC ACQUISITION OF BEACONSFIELD GOLD MINE IN TASMANIA
INSTITUTIONAL EQUITY ISSUE
EXPLORATION LICENCE SURROUNDING NQ’S HELLYER MINE APPROVED
NQ RETAINS US LAW FIRM TO ASSIST IN FORMATION OF ADR LISTING IN THE UNITED STATES
INSTITUTIONAL EQUITY ISSUE
NQ MINERALS PLC HELLYER MINE Q4 FINANCIAL AND PRODUCTION RESULTS
HELLYER Q4 FINANCIAL AND PRODUCTION RESULTS
NQ SECURES HIGH GRADE UNDERGROUND BASE METALS RESOURCES AT ITS HELLYER MINE WITH BONANZA DRILLING GRADES
RECORD PRODUCTION FOR DECEMBER AND FOURTH QUARTER 2019 AT NQ'S HELLYER MINE
NQ Minerals Properties
The Hellyer Project
In 2017, the Company acquired the Hellyer Gold Mine in Tasmania and subsequent to proving a Reserve of over 8 million tonnes, commenced reprocessing of high grade tailings. During late 2018, the Company commenced production of lead, zinc and precious metal concentrates. Hellyer has now achieved commercial production, exceeding originally anticipated metallurgical performance and plans are in place for further expansion
The Company is currently focussed on further exploration, mining and processing opportunities in Tasmania. These include the proposed development of a new nickel/cobalt mine and processing facility, that will enable further commercialisation of the residual material from the reprocessing of Hellyer-tailings. At the same time the Company is advancing the development of its Northern Queensland properties to bring these into commercial operation.
Highlights:
- Project Revenue in excess of USD$706M over 10yrs
Project EBITDA USD$28M per yr.average
Project Post Tax NPVUSD$136M
Project Post Tax IRR232%
Project Operating Margin 39%
10-year mine life
Existing fully covered, fully operable 1.6mtpa fully automated flotation plant
Undercover concentrate loading station
Existing railway from plant to port
Existing port concentrate housing, handling and loading facilities
Existing tailings dredge
Skilled available workforce
Short start up time period
* Note: Highlights are based on most recent management evaluation of the project’s potential.
Resource (Measured, Indicated and Inferred)
Reserve (Proven and Probable)
For much more information about the Hellyer Property, <click here>
The Beaconsfield Project
**************** NQ's Beaconsfield Purchase is making news around the world and was featured on the nightly news
NQ Minerals and its engineering consultant teams have commence an extensive due diligence programme on Beaconsfield as part of the acquisition agreement. NQ will be working with its consultants and relevant Government Departments in Tasmania to assess and ascertain what is required to re-open Beaconsfield as soon as possible.
- One of the Richest Gold Mines in Australia 1.8 million ounces of Gold Produced
Permits in place
Early Cash Flow Plans
Acquiring an established gold processing plant for a fraction of the cost to build and permit a new one, not to mention the typical lead time associated with permitting a new facility in Tasmania, is an exciting opportunity which provides our shareholders with exposure to the potential near term re-opening of a high-grade gold operation in Tasmania. Recent notable successes in re-assessing new potential around historic high-grade gold mining centres has seen significant value add for investors at projects like Fosterville in Victoria and Bellevue in Western Australia. In this regard, we believe that Beaconsfield offers a genuine opportunity for the Company to develop a high-quality gold asset.
Futhermore, the opportunity to bring Beaconsfield back into operation reinforces and builds on NQ’s existing activities, commitment to, and strategy in Tasmania. This project will leverage off the skills and experience developed during the successful fast track recommissioning and operation of the Hellyer Gold Mine and complement the development of the Barnes Hill nickel and cobalt mining and processing project. In particular the close location of the Barnes Hill project to Beaconsfield will enable shared capital and operating costs reducing the implementation timelines and costs for both opportunities.
. .
Drill Highlights
Significant drill intersections have been made below 1210m (the lowest mine working level at the time of closure) down to a depth of 1360m, illustrating the potential of further ore to depth, these include:
.
- 7.0m at 21.7 g/t gold (hole F91 at ~1220m depth)
11.0m at 15.4 g/t gold (hole F88 at ~1235m depth)
24.3m at 8.8 g/t gold (hole J17 at ~1240m depth)
6.6m at 11.3 g/t gold (hole J14 at ~1255m depth)
2.5m at 32.4 g/t gold (hole J10 at ~1355m depth)
(Note: Drill intercepts reported in BCD Resources NL news release to the ASX on 30 November 2011.)