DJ NQ Minerals PLC Permit to Operate at Hellyer Gold Project
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.
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)