DJ NQ Minerals PLC FIRST BULK SHIPMENT OF PYRITE CONCENTRATE UNLOADED
RNS Number : 7681Z
NQ Minerals PLC
22 May 2019
22 May 2019
NQ Minerals Plc
(the "Company" or "NQ Minerals")
FIRST BULK SHIPMENT OF HELLYER PYRITE CONCENTRATE UNLOADED AT DESTINATION PORT
NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), the mineral processing, exploration and mining company, is pleased to announce that it has successfully shipped approximately 34,500 tonnes of precious metal pyrite concentrate from the Company's Hellyer Gold Mine ("Hellyer") out of Burnie Port, Tasmania.
-- Milestone first bulk shipment of precious metal pyrite concentrate for the Company.
-- The shipment contained higher than forecasted grades for both gold and silver.
-- The pyrite component of the product contains high sulphur and iron grades.
-- The Board expects regular shipments of pyrite from Hellyer.
-- Since completion of the refurbishment in late 2018, the Company has now successfully produced and sold three quality concentrates from Hellyer as follows:
ü a lead gold silver concentrate;
ü a zinc concentrate; and
ü a precious metal pyrite concentrate.
Roger Jackson, Executive Director of NQ Minerals, commented:
"This bulk shipment of precious metal pyrite concentrate represents a significant milestone for NQ Minerals. We have now delivered three high quality concentrate products to the market from our flagship Hellyer mine, with industry leading customers in both Australia and Asia. We will continue to deliver on this exciting project, with positive net contributions to both the local economy and the environment, while generating robust cash flows for the Company."
For further information, please contact:
IFC Advisory Ltd NQ Minerals Arden Partners Plc Financial PR Brian Stockbridge Corporate Finance Graham Herring, Non - Executive Ruari McGirr, Tim Metcalfe Chairman Ciaran Walsh +44 (0) 203 934 6630 firstname.lastname@example.org Dan Gee-Summons + 44 (0) 787 688 +44 (0) 207 416 8011 (United Kingdom) 5900 Colin Sutherland Chief Financial Officer email@example.com + 1 (416) 452 2166 (North America)
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.
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(END) Dow Jones Newswires
May 22, 2019 02:01 ET (06:01 GMT)