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DJ NQ Minerals PLC Q1 2019 Production Results

TIDMNQMI

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."

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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, 
   brian.stockbridge@nqminerals.com      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 
   colin.sutherland@nqminerals.com 
   + 1 (416) 452 2166 (North 
   America) 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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April 08, 2019 02:00 ET (06:00 GMT)