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NQ Minerals PLC

NQ Minerals delivers significant increase in zinc, lead and pyrite production from Hellyer

NQ has delivered a strong first quarter of full production

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Zinc concentrate production rose by more than 96%

NQ Minerals PLC (LON:NQMI) (OTCQB:NQMLF) produced 4,712 dry metric tonnes of lead concentrate from its Hellyer mine in Tasmania during the first quarter of 2019.

NQ also produced 3,015 dry metric tonnes of zinc concentrate and 18,488 dry metric tonnes of pyrite concentrate.

READ: NQ Minerals now generating significant cash flow from the Hellyer mine in Tasmania

The results reflect the first full quarter of production for the company. During the quarter, operational efficiencies have been realised with month over month improvements in dredged and milled tonnes.   

"We are delighted by the results being delivered from our Hellyer mine,” said non-executive chairman Brian Stockbridge.

“Now that we have successfully achieved commercial concentrate production, the positive trends we are realising at site are a culmination of the continued commitment to enhancing shareholder value through appropriate investment and the dedication of the operations team.  The mine has performed exceptionally well on the key production metrics of lead, zinc and pyrite concentrates, along with mill throughput, and we look forward to continuing to drive production at Hellyer."

 

 

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Price: £0.02

Market: NEX
Market Cap: £0.00
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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