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NQ Minerals Plc

NQ Minerals Chairman David Lenigas Says he expects to see ‘profitability improving substantially’

NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF) new Chairman David Lenigas joins DirectorsTalk to discuss his new role. David explains why he has joined the company, what investors can expect to see from the company over the coming months and shares his thoughts on whether NQ shares are good value.

NQ Minerals is an Australian-based mining company which commenced production in Q4 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant resource estimated at 9.5 mt which is host to Gold at 2.61 g/t Au for 796,000 oz Au, Silver at 104 g/t Ag for 32 m oz Ag, Lead at 3.03% Pb for 287,800 tonnes and Zinc at 2.5% Zn for 237,900 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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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.