NQ Minerals contract a second, high capacity mining dredge at Hellyer

NQ Minerals (NEX:NQMI), the base and precious metals producer from the Hellyer Gold Mine in Tasmania Australia, has announced that it has contracted a second, high capacity mining dredge for its operations. This 100 tonne per hour mining dredge is targeted to be on-site and operational at Hellyer by year end and will complement the existing mining dredge, Seabird III, that is currently feeding 110 tph to the processing plant.

The second dredge provides for,

·    the opportunity to increase the tonnage through the plant;

·    reducing the risk of a major stoppage of feed to the plant;

·    continuity and consistency of feed tonnage and grade to the plant;

·    options in relation to tails transfer logistics; and

·    backup operation when the Seabird III is being serviced or maintained, which has equated to 22 hours per months on average so far this year.

David Lenigas, Chairman of NQ Minerals, commented:

“This additional mining capacity will provide valuable back-up for operations at the Hellyer Mine and allow for additional plant feed through 2020 as the management on site optimise throughput towards full production.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    NQ Minerals Plc

    More articles like this

    NQ Minerals Plc

    NQ Minerals now dual listed on the Frankfurt Stock Exchange

    NQ Minerals Plc (AQSE:NQMI), the green mining company with significant mining operations in Tasmania Australia, is pleased to announce the Company’s ordinary shares are now dual listed on the Frankfurt Stock Exchange (“FSE”). Trading commenced today

    NQ Minerals Plc

    NQ Minerals a very active year for news and growth (Interview)

    NQ Minerals plc (AQSE:NQMI) Executive Chairman David Lenigas joins DirectorsTalk to discuss the 2020 year-end operations update. David talks us through the highlights, expands on production rates that are better than originally forecast, tells us more about

    NQ Minerals Plc

    NQ Minerals sign a $55 million loan facility with ING Bank

    NQ Minerals Plc (AQSE:NQMI) has announced that its subsidiary Hellyer Gold Mines Pty Ltd and ING Bank N.V. have signed a US$55 million loan facility. The Company’s intention with respect to this facility was previously announced

    NQ Minerals Plc

    NQ Minerals raises £337,000 in equity raise

    NQ Minerals Plc (AQSE:NQMI), the base and precious metals producer from its Hellyer Gold Mine in Tasmania Australia, has announced that it has raised £337,000 (gross) at 7p per share from a UK based Institutional investor and a

    NQ Minerals Plc

    NQ Minerals see big jump in revenues and gross profits (Interview)

    NQ Minerals plc (AQSE:NQMI, OTCQB:NQMLF, US ADR OTCQB:NQMIY) Executive Chairman David Lenigas joins DirectorsTalk to discuss production results and unaudited financial results for its wholly owned Hellyer Gold Mines Pty Ltd. David talks us through the highlights,