leadf
logo-loader
viewNQ Minerals PLC

NQ Minerals expects to reach full production levels by next year

NQ Minerals Ltd (OTCQX: NQMLF)  CEO Roger Jackson tells Proactive Investors about the refurbishment of its Hellyer polymetallic plant in Tazmania.

The flagship property has "substantial" reserves of zinc, lead, silver, gold and copper as a result of the 1990s mining of the Hellyer Gold Mine. The company acquired the gold mine in June 2017, as well as its assets which include a mill facility and existing infrastructure.

The company expects the refurbishment to be completed by the fourth quarter with production to follow. At full production levels, NQ Minerals expects to produce about 1 million tons.

Jackson forecasted revenue at around US$705mln for the nine-year life of the project.

 

Quick facts: NQ Minerals PLC

Price: 6.2 GBX

AQSE:NQMI
Market: AQSE
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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...

In exchange for publishing services rendered by the Company on behalf of NQ Minerals PLC named herein, including the promotion by the Company of NQ Minerals PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

NQ Minerals' David Lenigas updates as it looks to nearly double mining...

NQ Minerals PLC's (AQSE:NQMI)(OTCQB:NQMLF) David Lenigas speaks to Proactive London's Andrew Scott after announcing they're to contract a second, high capacity mining dredge to boost its mining operations at the Hellyer project in Tasmania. The second dredge has a capacity to move 100 tonnes...

on 10/12/19

2 min read