NQ Minerals Exploration licence surrounding Hellyer Mine approved

NQ Minerals Plc (NEX:NQMI), the base and precious metals producer from its flagship Hellyer Gold Mine in Tasmania, Australia, today advised that further to the news release of 7 January 2020, that Mineral Resources Tasmania has approved the transfer of the 100% rights to the 46 km2 Mt Block permit (EL48/2003), which surrounds the Hellyer Mining Lease. NQ purchased the Mt Block from Bass Metals Ltd.

David Lenigas, Chairman of NQ Minerals, commented: 

“This is a very positive development for the Company as the Mt Block increases NQ’s license holding three-fold around the Hellyer Mine.  This tenement is underexplored and has the potential to host new mineralisation close to NQ’s Hellyer processing plant.”

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