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Gold hits US$2,060. Will we see $2,100 soon. NQ in perfect position to capitalize on this rise in both gold and silver. Check out their website. Subscribe. This is a real mining company with top flight management.
Carpe DM, Inc. and youtu.be/utjhDIMBDN8
@CarpeDMinc
With #gold continuing to skyrocket I'm surprised that more people haven't jumped onto the $NQMLF train. They are currently producing Lead, Zinc, Gold and Silver. Just added major gold mine and will begin refurbishment soon. $AUY $ITOX $RGLD $OZSC $MEDH $FRX $AUM $KG $NE $ALYI
Gold hits US$1,939 in AM trading. Will it hit $2,000/oz. News keeps getting better for NQ Minerals.
Gold hits US$1,900. Good news for NQ and its potential at Beaconsfield.
NQ continues to put out very encouraging news. Waiting for US investors to discover this company and its potential.
NQ Minerals Announces 44% Production Rate Increase from Hellyer Gold Mine
LONDON, UNITED KINGDOM / ACCESSWIRE / July 2, 2020 / NQ Minerals Plc (AQSE:NQMI)(OTCQB:NQMLF)(OTCQB:NQMIY) ("NQ" or the "Company") announces today that plant production at its flagship Hellyer Gold Mine ("Hellyer") in Tasmania, Australia, has now been successfully increased by 44% to over 1.3 million tonnes per annum (1.2Mtpa at 92% plant availability), compared to 2019's full year plant production numbers.
The new production rate of 150 tonnes per hour (1.314Mtpa) is now being achieved after a June plant upgrade and circuit optimisation exercise. This new rate compares to 2019 Hellyer Full Year plant throughput totalling 835,877 tonnes (average 103 tph at 92% plant availability).
Process optimisation works are now underway to ensure that the plant achieves maximum recoveries and concentrate specifications at these new higher production rates.
Engineering assessments will continue to plan for further production rate increases later in the year, should higher production rates be required.
David Lenigas, Chairman of NQ Minerals Plc, said, "This Hellyer plant upgrade exercise has been successfully brought in some 6 months ahead of expectation. The increase in saleable mine product will have a very positive affect on the Company's top and bottom line revenues going forward, and will assist NQ greatly with its ability to service ongoing debt obligations and strongly position the mine for increased profitability as commodity prices improve with the world emerging from the COVID-19 pandemic."
About the Hellyer Gold Mine
Hellyer is NQ Mineral's flagship mining operation.
The world class Hellyer underground mine, on the West Coast of Tasmania, in Australia, began production in 1989 under the ownership of Aberfoyle Limited. The Hellyer deposit had a published pre-mining Mineral Resource of 16.9Mt grading 13.8% zinc, 7.2% lead, 0.4% copper, 167g/t silver and 2.5g/t gold. The deposit was mined between 1986 and 2000 as a large-scale underground mine, with production peaking at around 1.5Mtpa with ore treated at the onsite Hellyer flotation concentrator plant. Lead and Zinc concentrates were taken to nearby Burnie Port for global shipment. Operations ceased by Aberfoyle/Western Metals at the Hellyer Mine in 2000, when economically available ore at the site became exhausted.
Hellyer has a published JORC compliant Mineral Resource estimated at 9.25Mt which is host to Gold at 2.57 g/t Au for 764,300 oz gold, Silver at 92 g/t Ag for 27,360,300 oz silver, Lead at 2.99% Pb for 276,600 tonnes of lead and Zinc at 2.57% Zn for 217,400 tonnes of zinc.
NQ Minerals purchased the Hellyer operations in 2017, and as Phase 1 of its Hellyer operational plan, NQ re-opened Hellyer in late 2018 with a tailing retreatment operation designed to last for at least 10 years. Production will initially focus on lead and zinc recovery from the reserves with significant gold and silver credits payable. Phase 2 of Hellyer's re-opening plan is to re-open the rich underground mine, which has 1.175 million tonnes of underground JORC Resources grading 8.6% Zinc, 4.9% Lead, 96 g/t Silver and 1.66 g/t gold.
Competent Person's Statement (NQ Minerals Plc)
The information in this report that relates to the Company's mining operations is based on information compiled by Roger Jackson, an Executive Director of the Company, who is a 25+ year Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a Member of Australian Institute of Company Directors. Mr. Jackson has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration results, Mineral Resources and Ore Reserves". Mr. Jackson consents to the inclusion of the data contained in relevant resource reports used for this announcement as well as the matters, form and context in which the relevant data appears.
About NQ Minerals
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 NQ's website at www.nqminerals.com.
For more information, please contact:
NQ Minerals plc
David Lenigas, Chairman
lenigas@nqminerals.com
Colin Sutherland, Chief Financial Officer
colin.sutherland@nqminerals.com
Tel: +1 416 452 2166 (North America)
Media Enquiries
IFC Advisory Limited
Graham Herring/ Tim Metcalfe
graham.herring@investor-focus.co.uk
Tel: +44 (0) 203 934 6630(United Kingdom)
Corporate Adviser
First Sentinel Corporate Finance Limited
Brian Stockbridge/ Gabrielle Cordeiro
Tel: +44 (0) 207 183 7407(United Kingdom)
Corporate Broker
VSA Capital Limited
Andrew Monk/Maciek Szymanski
+ 44 (0) 203005 5000(United Kingdom)
The Following section relates to NQ Minerals Plc's news releases distributed in the United States:
Cautionary Note to US Investors
The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. We may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements based on current expectations, estimates, forecasts, and projections, including those related to our growth strategy, mineral estimates and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to exploration, development and/or extraction; our ability to obtain, perform under, and maintain financing and strategic agreements and relationships; our ability to attract, integrate, and retain key personnel; global demand for mineral resources; our need for substantial additional funds; government regulation; as well as other risks. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.
SOURCE: NQ Minerals Plc
Ultra Rich snapping up gold. Very interesting and not surprising.
https://www.afr.com/markets/commodities/the-world-s-ultra-rich-are-snapping-up-gold-20200619-p5544g
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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 Officercolin.sutherland@nqminerals.com
+ 1 (416) 452 2166 (North America)
Share Structure
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:
* Note: Highlights are based on most recent management evaluation of the project’s potential.
Resource (Measured, Indicated and Inferred)
Name | Tails | Pb | Zn | Au | Ag |
---|---|---|---|---|---|
Grade | n/a | 2.99% | 2.35% | 2.57g/t | 92g/t |
Quantity | 9.25 million mt | 276,600 mt | 217,400 mt | 754,300 oz | 27,360,300 oz |
Reserve (Proven and Probable)
Name | Tails | Pb | Zn | Au | Ag |
---|---|---|---|---|---|
Grade | n/a | 3.05% | 2.55% | 2.57g/t | 93g/t |
Quantity | 8.04 million mt | 245,000 mt | 205,000 mt | 664,000 oz | 24,153,000 oz |
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.
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.
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