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NQ Minerals PLC

NQ Minerals signs off-take agreement with Traxys to cover first five years of production from Hellyer

The deal also gives NQ access to Traxys's extensive international networks

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The Hellyer project

NQ Minerals PLC (LON:NQMI) has signed a marketing and off-take agreement with Traxys, the global commodities trader.

The deal comes a week after NQ Minerals shipped its first concentrate from the Hellyer mine in Tasmania to Traxys, and follows on from an earlier off-take deal signed in August.

WATCH: NQ Minerals Helly​er Project in Tasmania progressing well

The marketing and offtake agreement relates to the sale of all the precious metal and pyrite concentrate to be produced from Hellyer Project and covers the first 5 years of concentrate production.

The agreement includes the facility for prepayment against concentrate deliveries and provides Hellyer with access to Traxys's extensive global network and experienced marketing and distribution team.

"This agreement completes our marketing arrangements for the Hellyer project and reinforces the strong partnership NQ Minerals has developed with Traxys,” said NQ non-executive chairman  Brian Stockbridge.

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Quick facts: NQ Minerals PLC

Price: £0.04

Market: NEX
Market Cap: £0.00
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Watch

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...

on 05/09/2018

2 min read