Oakmount and Partners Ltd. NQ Minerals Performance Update.
Posted on 29th October 2019 at 12:58
“The NQ Mineral’s Hellyer mine is now in full commercial production and a senior stock exchange listing is underway”
The Company anticipates strong cash-flow and profitability from Hellyer and has a portfolio of exciting exploration prospects.
The Company’s management team has decades of experience in the exploration and production of gold, silver and a variety of base metals.
(Analyst Report - October 2019) - Dr Michael Green is a mining analyst specialising in growth companies and resources companies.
The full report is available upon request.
The average revenue from Hellyer production and sales is forecasted to be £55 million (US $70.6 million) per annum.
NQ Minerals has appointed a Nomad and are actively working with them and the legal and accounting advisers towards an application to list on AIM. NQ Minerals aims to increase its share liquidity and its ability to attract greater institutional and retail interest in the company’s shares to the benefit of its shareholders.
• Permitted project with life of mine revenues exceeding US$706,000,000
• 50% gross margin
• Low start-up capex requirement
• 10-year existing mine life
“Drilling for large metal deposits in North Queensland; Mine development underway”
NQ Minerals is also developing two exploration projects known as Ukalunda and Square Post, in North Queensland. These projects are both
located in prospective mining districts that form part of the well--known Charters Towers Gold Province, where more than 20 million ounces of
gold has been mined.
This is a region from which billions of dollars’ worth of metals have been produced, yet it remains vastly open for new discoveries and new mines to be developed. NQ Minerals is already outlining initial mine plans at the Sunbeam silver prospect at Ukalunda to provide additional cash flow
to the company.
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