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. 
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. 
 
And there is the additional kicker of Beaconsfield to add to the valuation equation. 
 
VSA said in June the shares were worth around 21p each on a 12-month view, or three times their current value. 
 
Thank you for reading and subscribing. 
 
Keep up to date with all of our news and video releases by subscribing or clicking on the links below: 
 
 
For the avoidance of any doubt, nothing on this website is intended to constitute advice to you and the content is displayed for illustrative and informational purposes only. 
 
Making more possible. 
Today. Tomorrow. Together. 
 
Oakmount and Partners Ltd. Est 2009. 
Sculpted from experience, built for success. 
Share this post:
Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings