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NQ Minerals reports strong financial results from flagship Hellyer mine in Tasmania

The construction of a new A$15mln tailings storage facility was completed by the end of the quarter

NQ Minerals PLC -

NQ Minerals PLC (LON:NQMI) announced first-quarter net income of A$4.8mln (£2.7mln) from its flagship Hellyer mine in Tasmania.

A major capital works programme at Hellyer to construct a new circa A$15mln tailings storage facility was essentially completed by the end of the quarter, NQ said, adding that the project came in 17% under its original budget.

Tailings from the Hellyer plant started flowing into the facility in the second week of this month.

 "Hellyer achieved another strong financial performance for the first quarter this year,” said NQ Minerals' chairman David Lenigas. The completion of the new A$15 million Stage 1 TSF tailings dam was a major technical achievement on site and stands the project in good stead for the future."

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on 01/25/2021

2 min read