Posts from May 2020

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NQ Minerals PLC's David Lenigas speaks to Proactive London after unveiling a new resource statement for the Beaconsfield gold mine in Tasmania. 
 
Total resources rise to 1.454mln tonnes at a grade of 10.3 grams per tonnes (g/t), for 483,000 ounces gold. 
 
He describes Beaconsfield as a rich gold deposit. 
 
“The deposit is open at depth and there is significant potential to increase these resources with further drilling." 
Sculpted from experience, built for success. 
 
NQ Minerals is an Australian-based mining company which commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. 
 
Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. 
 
In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. 
 
“Beaconsfield is a rich gold deposit with genuine scale,” NQ Minerals' chairman David Lenigas said in a statement. 
 
The deposit is open at depth and there is significant potential to increase these resources with further drilling." 
 
NQ Minerals Beaconsfield JORC Gold resource has increased to 483,000 ounces of Gold worth $1.26 Billion with significant additional gold potential to be assessed. 
Sculpted from experience, built for success. 
 
NQ Minerals PLC (LON:NQMI) has unveiled a new resource statement for the Beaconsfield gold mine in Tasmania. 
 
Total resources rise to 1.454mln tonnes at a grade of 10.3 grams per tonnes (g/t), for 483,000 ounces gold. There are 354,000 ounces in measured and inferred resources, 485,000 tonnes at 11.4 g/t in measured for 177,000 ounces and 492,000 tonnes at 11.2 g/t in indicated for 177,000 ounces. 
 
A further 477,000 tonnes at 8.4 g/t remains in the inferred resource category, and, the company told investors that significant additional gold potential is still to be assessed. 
 
NQ Minerals upgrades Barnes Hill nickel resource 
"Beaconsfield is a rich gold deposit with genuine scale,” NQ Minerals' chairman David Lenigas said in a statement. “The deposit is open at depth and there is significant potential to increase these resources with further drilling." 
 
He added: “The publishing of this new resource statement clearly demonstrates the huge underlying potential at Beaconsfield and highlights the immense scope for ongoing growth in the gold inventory as NQ moves this mine forward back into production.” 
 
Lenigas said he believes Beaconsfield offers a genuine opportunity for the company to rapidly develop a high-quality gold asset. 
 
“We are almost complete with our due diligence process on this asset and are focused on bringing this famous and iconic Tasmanian gold mine back into production," the chairman added. 
Sculpted from experience, built for success. 
 
At Oakmount, we undertake a strict due diligence process when it comes to the assessment of investment products. 
 
This process aims to identify the key risks associated with the investment and to develop a risk mitigation plan to protect the best interests of our customers. 
 
This process will determine whether or not our business or our investors will invest in a specific company. 
 
The due diligence involves asking and answering a series of questions to evaluate the business and legal aspects of the opportunity. 
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