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DJ NQ Minerals PLC FIRST BULK SHIPMENT OF PYRITE CONCENTRATE UNLOADED

TIDMNQMI

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.

Highlights

-- 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 
    brian.stockbridge@nqminerals.com      Dan Gee-Summons 
    + 44 (0) 787 688                      +44 (0) 207 416 
    8011 (United Kingdom)                 5900 
  Colin Sutherland 
   Chief Financial 
   Officer 
   colin.sutherland@nqminerals.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.

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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May 22, 2019 02:01 ET (06:01 GMT)