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DJ NQ Minerals PLC April 2019 Record Production and Sales Results

TIDMNQMI

RNS Number : 3379Y

NQ Minerals PLC

08 May 2019

8 May 2019

NQ Minerals Plc

(the "Company" or "NQ Minerals")

April 2019 Record Production and Sales Results

NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF) ("the Company"), a mineral processing, exploration and mining company, is pleased to announce its April 2019 and Year to Date ("YTD") production results from its flagship Hellyer Mine ("Hellyer") located in Tasmania.

Key Hellyer production data:

 
 
                              April 2019   Q1 2019   Total YTD 
                             -----------  --------  ---------- 
 Lead Concentrate Produced      2,145       4,712      6,857 
                                          --------  ---------- 
 Zinc Concentrate Produced      1,748       3,015      4,763 
                                          --------  ---------- 
 Pyrite Concentrate 
  Produced                      10,901     18,488     29,389 
                                          --------  ---------- 
 

The month of April has been a record month for production and sales. Operational efficiencies continue to be realised with month over month improvements in dredged and milled tonnes.

Brian Stockbridge, Non-Executive Chairman of NQ Minerals, commented:

"The Hellyer Mine achieved record production and sales in April 2019, largely reflecting continued operational improvements and consistency in mining and processing throughput. These progressive trends are encouraging in terms of the Company's cash flow generation and we continue to examine additional opportunities for value creation."

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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) 
 

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END

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