DJ NQ Minerals PLC Q1 2019 Production Results
RNS Number : 3595V
NQ Minerals PLC
08 April 2019
8 April 2019
NQ Minerals Plc
(the "Company" or "NQ Minerals")
Q1 2019 Production Results
NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF) ("the Company"), a mineral processing, exploration and mining company is pleased to announce its Q1 2019 production results from its flagship Hellyer Mine ("Hellyer") located in Tasmania.
Key Hellyer production data:
Dry Metric Tonnes ("DMT") Q1 2019 Q4 2018 % Change DMT DMT -------- -------- --------- Lead Concentrate Produced 4,712 3,991 18.06% Zinc Concentrate Produced 3,015 1,537 96.16% -------- --------- Pyrite Concentrate Produced 18,488 4,291 330.86% -------- ---------
The results from Q1 2019 reflect the first full quarter of production for the Company. During the quarter, operational efficiencies have been realised with month over month improvements in dredged and milled tonnes.
Brian Stockbridge, Non-Executive Chairman of NQ Minerals, commented:
"We are delighted by the results being delivered from our Hellyer Mine. Now that we have successfully achieved commercial concentrate production, the positive trends we are realising at site are a culmination of the continued commitment to enhancing shareholder value through appropriate investment and the dedication of the operations team. The mine has performed exceptionally well on the key production metrics of lead, zinc and pyrite concentrates, along with mill throughput, and we look forward to continuing to drive production at Hellyer."
About NQ Minerals
NQ Minerals is an Australia-based mining company which commenced production in Q4 2018 at its flagship Hellyer Gold Mine. The Company anticipates strong cash-flow and profitability from Hellyer and has a portfolio of exciting exploration prospects. The Company's management team has decades of experience in the exploration and production of gold, silver and a variety of base metals. Please visit our website at www.nqminerals.com.
For further information, please contact:
NQ Minerals IFC Advisory Ltd Brian Stockbridge Arden Partners Plc Financial PR Non - Executive Chairman Corporate Finance Graham Herring, firstname.lastname@example.org Ruari McGirr, Ciaran Tim Metcalfe + 44 (0) 787 688 8011 (United Walsh +44 (0) 203 934 6630 Kingdom) Dan Gee-Summons +44 (0) 207 416 5900 Colin Sutherland Chief Financial Officer email@example.com + 1 (416) 452 2166 (North America)
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(END) Dow Jones Newswires
April 08, 2019 02:00 ET (06:00 GMT)