02:00 Mon 28 Sep 2020
NQ Minerals PLC - Hellyer Production Rate Significantly Increased

NQ Minerals Plc
Hellyer Production Rate Significantly Increased
As previously announced, the operations have been undergoing processing circuit modifications since the end of
During this transition to higher production rates, it has become evident that production levels in excess of 1.2 Mtpa might be possible, and as a consequence NQ Minerals has agreed with Hellyer management to continue this throughput increase initiative and associated investment with a view to a revised long term maximum production target of 1.5 Mtpa.
NQ Minerals' Executive Chairman, Mr
"This is an outstanding result for our Hellyer Operations. The Board and I are highly impressed by the systematic and pragmatic approach taken by the Hellyer management and site staff in preparing for and then delivering this program to increase throughput at Hellyer. We have seen very significant improvements in a relatively short period of time and this significant increase in performance is well ahead of our original mining and processing schedule and has been completed with minimal capital outlay. The opportunity to continue this initiative and further increase our lead and zinc concentrates output will certainly improve financial returns and manage our business risk."
Competent Person's Statement
The information in this report that relates to the Hellyer project is based on information compiled by Mr.
-END-
About NQ Minerals
NQ Minerals Plc is listed on
NQ Minerals operations are in
For more information, please contact:
NQ Minerals plc
colin.sutherland@nqminerals.com
Tel: +1 416 452 2166 (
Media Enquiries
IFC Advisory Limited
graham.herring@investor-focus.co.uk
Tel: +44 (0) 203 934 6630 (
Corporate Adviser
First Sentinel Corporate Finance Limited
Tel: +44 (0) 207 183 7407 (
Corporate Broker
VSA Capital Limited
+ 44 (0) 203 005 5000 (
The Following section relates to NQ Minerals Plc's news releases distributed in
Cautionary Note to US Investors
The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. We may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements based on current expectations, estimates, forecasts, and projections, including those related to our growth strategy, mineral estimates and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to exploration, development and/or extraction; our ability to obtain, perform under, and maintain financing and strategic agreements and relationships; our ability to attract, integrate, and retain key personnel; global demand for mineral resources; our need for substantial additional funds; government regulation; as well as other risks. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
FOR OUR FULL DISCLAIMER CLICK HERE