Oakmount and Partners Ltd. NQ Minerals Update by David Lenigas, Chairman
Posted on 1st February 2020 at 12:44
NQ Minerals (NQMI) is an expanding base and precious metals production and exploration company with its operations centred around its Hellyer Operations in Tasmania, Australia.
NQ Minerals commenced production in Q4 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. The Company anticipates strong cash-flow and profitability from Hellyer and has a portfolio of exciting exploration prospects.
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