Posts from August 2020

Sculpted from experience, built for success. 
 
NQ Minerals' Executive Chairman, said; 
 
"There is now significant potential to define new and extensive high-grade mineralisation at Hellyer, one of the world's great polymetallic high-grade mines. 
 
We are operating in one of the most highly mineralised geological terrains in the world and we have a golden opportunity to continue Bass's work from 2012 to build-up the existing significant underground resource inventory and extend the Hellyer mine life to underpin this operation for a very long time. 
 
The tailings reprocessing Phase 1, now running at over 1.2 million tonnes per year, has another 8 years to run with its current lead/zinc strategy and will generate significant cash flow for the Company, but it's a finite resource. Stage 2 of the current operations will focus on recovering the significant gold and silver inventory in the tailings, but metallurgical test work continues with respect to this next phase of tailings reprocessing. 
 
To move Hellyer back into underground mining is a logical and natural progression, especially considering we have the Hellyer plant fully operational." 
 
VSA, the company’s corporate broker, expects NQ to generate revenues of £33mln and underlying earnings (EBITDA) of £7.7mln this year, rising to £52mln and £22mln respectively in 2021. 
 
VSA said in June 2020 the shares were worth around 21p each on a 12-month view, or three times their current value. 
 
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Sculpted from experience, built for success. 
 
NQ Minerals' chairman David Lenigas speaks to Proactive London about plans to start exploration work at the Hellyer mine in Tasmania.  
 
After a 10-year hiatus, he says the company can re-start exploration with the benefit of more advanced geophysical techniques. 
 
NQ is currently producing lead and zinc concentrates (with significant gold and silver credits) by reclaiming the Hellyer mine tailings generated from the former mining operations and processing them through the Hellyer concentrator plant at the rate of over 1.2 million tonnes per annum. 
Sculpted from experience, built for success.  
 
NQ Minerals PLC (LON:NQMI) is a project developer and miner with Australian assets that have plenty of near-term appeal. 
 
The company is led by an experienced team that includes veteran venture capitalist Walter Doyle, who is CEO, and serial entrepreneur David Lenigas, who chairs the business. 
 
Its holdings include the Hellyer mine in Tasmania, the Mount Block permit surrounding the project and the recently-acquired Beaconsfield gold mine. 
 
NQ also owns the Ukalunda precious metals deposit in north Queensland, on which it has identified 33 prospects for follow-up work, including the Sunbeam mine, for which it has secured a mining permit. 
 
At SquarePost, also in north Queensland, NQ has found both breccia and vein-hosted gold mineralisation. And it has increased its investment in battery metals specialist TEM. 
 
In a recent update, NQ chairman David Lenigas said: “The revelation that significant gold exists in these stockpiles is a tremendous boost." 
 
“Our engineers are now working on budgets and timelines to bring the Plant's CIL circuit back on-line as soon as possible to treat this material.  
 
These high-grade surface stockpiles are only a short trucking distance from the plant and will provide valuable low-cost high revenue plant feed much sooner than we originally envisaged," he added. 
 
NQ Minerals PLC is a project developer and miner with Australian assets that have plenty of near-term appeal. 
Sculpted from experience, built for success. 
 
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Sculpted from experience, built for success. 
 
NQ Minerals chairman welcomes record production at Hellyer in July. 
 
NQ Minerals PLC's chairman David Lenigas caught up with Proactive London's Andrew Scott after revealing they produced record levels of metals concentrate from its Hellyer Gold Mine in Tasmania in Australia during July.  
 
The new plant at Hellyer delivered throughput of 106,365 tonnes of ore, or 1.25mln tonnes annualised, to produce record monthly lead concentrate of 4,075 tonnes. 
Sculpted from experience, built for success. 
 
NQ Minerals Plc has hailed “excellent” production metrics for the second quarter of 2020. 
 
The company said its Hellyer gold mine in Tasmania produced a total of 8,762 tonnes of lead concentrate in the three months ended June 30, 2020, while zinc concentrate volumes amounted to 4,241 tonnes. 
 
It also produced 1,223 ounces of gold and 229,947 ounces of silver in the quarter, with sales payable precious via credits in the lead and zinc concentrate streams. 
 
READ: NQ Minerals hails impact of Tasmania mine enhancements 
NQ told investors that it generated A$30mln from mining operations, with operating gross profit coming in at A$12mln. 
 
Significantly, NQ confirmed that major upgrade and optimisation work was undertaken at Helyer in late June to increase production capacity, and the company noted that plant throughput increases by 44% to over 1.3mln tonnes per year (1.2mln tonnes at 92% plant availability). 
 
“NQ's Hellyer operations have performed extremely well last quarter, especially considering the current global COVID-19 pandemic,” David Lenigas, NQ chairman said in a statement. 
 
He added: “The end of June production rate increase at the processing plant to 150 tonnes per hour was a big step forward at Hellyer and has been very successfully implemented. It will have a very significant and immediate impact on future revenues." 
 
Lenigas also noted that the Tasmanian government responded quickly to the coronavirus pandemic and was the first Australian state able to keep the number of confirmed infections very low. 
Sculpted from experience, built for success. 
 
Welcome to Oakmount and Partners Ltd, your premier investment consultants. 
 
Oakmount was incorporated in 2009, with the goal and ambition to become a globally recognised financial institution which aims to deliver more to its customers. 
 
If you are looking to get started, and you are an experienced investor, our investment consulting and management team are here to assist you. 
 
We can give you access to bespoke investment opportunities, help with investment management and put together investment strategies using our advanced analytics software, expertise, and global contacts. 
Sculpted from experience, built for success. 
 
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