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NQ Minerals Plc (NQMIY)

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************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


Principal Business Office

Level 6
9 Beach Road
Surfers Paradise
Queensland 4217
Australia


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
 

ADR Symbol: NQMIY (NQ ADR represents 100 common shares for each ADR)
Stock Symbol: NQMLF (OTCQB)

Issued and Outstanding Shares: 367,261,002
Percentage of shares not in public hands: 32.75%

 

For further information about shares outstanding 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 Us
 

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 Regulatory Releases (click on any headline to be redirected)
DEBT RESTRUCTURING FACILITY WITH ING BANK INCREASED TO US $55 MILLION
NQ MINERALS REPORTS RECORD MONTHLY PRODUCTION FROM HELLYER MINE
NQ MINERALS APPOINTS INTERNATIONAL LEGAL FIRM TO PREPARE PROSPECTUS TO TRADE ON GLOBALLY RECOGNIZED TIER 1 STOCK EXCHANGE
FINAL RESULTS FOR THE PERIOD ENDED DECEMBER 31, 2019
EQUITY RAISE
TASMANIAN GOVERNMENT TRANSFERS BEACONSFIELD GOLD MINE TO NQ MINERALS
NQ MINERALS APPOINTS EUROPEAN INVESTOR RELATIONS ADVISOR
NQ MINERALS USD 41 MILLION DEBT FINANCING WITH ING BANK
NQ MINERALS ANNOUNES INCREASING PRODUCTION RESULTS AT THE COMPANY'S HELLYER GOLD MINE
NQ MINERALS ANNOUNCES FINANCING FOR BEACONSFIELD GOLD MINE
NQ MINERALS ANNOUNCES 44% PRODUCTION RATE INCREASE FROM HELLYER GOLD MINE
NQ MINERALS ACQUIRES THE BEACONSFIELD GOLD MINE
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

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>

                                                                    Beaconsfield Project

**************** NQ's Beaconsfield Purchase 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.)
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