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DJ NQ Minerals PLC Permit to Operate at Hellyer Gold Project

TIDMNQMI

RNS Number : 6605X

NQ Minerals PLC

28 November 2017

28 November 2017

NQ Minerals Plc

Company Secures Permit to Operate at Hellyer Gold Project, Tasmania

NQ Minerals Plc (The "Company" or "NQ Minerals"; NEX: NQMI; OTCQB: NQMLF), an Australia-based exploration and mining company, is pleased to announce that it has received approval of its 2017 Environmental Management Plan for the commencement of operations at its wholly owned Hellyer Gold Project in Tasmania, Australia.

The full report can be viewed on the Company's website: www.nqminerals.com

The Permit (PCE No 7386, DA 138/2006) granted by the Environmental Protection Authority of Tasmania, allows NQ Minerals to commence tailings reprocessing operations at its flagship project Hellyer Gold mine. NQ expects operations to commence in 2018.

Commenting, Brian Stockbridge, Non-Executive Chairman of NQ Minerals said:

"This is an exciting milestone for NQ Minerals. This permit now offers us a clear pathway to production in 2018. Coupled with the publication of our recent Competent Persons Report and, subject to the completion of financing, we are confident of bringing into production a project that has significant positive environmental impact."

 
 NQ Minerals Plc 
 Brian Stockbridge, Non - Executive 
  Chairman                             + 44 (0) 7876 888011 
 Kris Kottmeier, VP Corporate          + 44 (0) 20 3637 
  Development                           6522 (UK) 
                                        + 1 (604) 506 6502 
                                        (North America) 
 
 
   Beaumont Cornish Limited 
   Roland Cornish, Chairman              +44 (0) 20 7628 3396 
   James Biddle                          www.beaumontcornish.com 
 
   Daniel Stewart & Company Plc 
                                       + 44 (0) 20 7776 
 Richard Potts                          6596 
                                       + 44 (0) 20 7776 
 Daphne Zhang                           6550 
 
 Yellow Jersey PR 
 Julia Kalcheva                        + 44 (0) 7880318276 
 Harriet Jackson                       + 44 (0) 7544275882 
  Henry Wilkinson                       + 44 (0) 7951402336 
 
 

About NQ Minerals

NQ Minerals Plc (NEX:NQMI) (OTCQB: NQMLF) is building a leading gold and base metal production, development and exploration company. The Company's flagship project is its wholly owned Hellyer Gold Mine, a world-class, company maker project, located in Tasmania Australia, with a near-term production development route and the potential to generate revenues exceeding AU$1.3 billion over its current 10 year life of mine.

The Company's primary focus is on bringing the Hellyer Gold Mine into production by during 2018, which has the potential to transform NQ Minerals into a revenue generating mining company within a short time period. Development work during 2017/2018 will involve the refurbishment of the existing operating facilities in order to extract and treat the large high-grade tailings deposit on site and produce three marketable concentrates (lead, zinc, gold/silver/pyrite).

In addition NQ Minerals has two gold and silver projects in the prospective mining districts of Ukalunda and Square Post, both in North Queensland.

www.nqminerals.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 28, 2017 02:05 ET (07:05 GMT)