viewNQ Minerals PLC

NQ Minerals promises plenty of news flow

The NQ story has only just begun so the maiden results are largely meaningless; the investment proposition is based on the experience of the management team

The company is focusing on projects where past exploration work has established the presence of mineral occurrences

The management team at recently-listed Aussie exploration company NQ Minerals (ISDX:NQMI) is keen to get cracking, having laid a strong foundation for future growth.

The company listed on the ISDX on 24 July and has raised money to fund the company’s exploration and drilling programme. The plan is to focus on two exploration projects: the Ukalunda and Square Post in North Queensland, Australia.

The directors consider that 2015 and 2016 are likely to see a healthy news flow from both the Ukalunda and Square Post projects as exploration proceeds and any positive results should allow value to be added.

The management has a proven track record not just in locating properties with valuable resources but, more importantly, in developing these projects to bankable stage, the company noted in its interim results.

The company reported a nominal loss of £91,000 for the first half of the year, versus a loss of £26,000 the year before, although such numbers do not mean much at this stage of the company’s development.

Quick facts: NQ Minerals PLC

Price: 5 GBX

Market: NEX
Market Cap: -

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