NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF) , a mineral processing, exploration and mining company is pleased to announce its Q1 2019 production results from its flagship Hellyer Mine located in Tasmania.
Key Hellyer production data:
|Dry Metric Tonnes (“DMT”)||Q1 2019||Q4 2018||% Change|
|Lead Concentrate Produced||4,712||3,991||18.06%|
|Zinc Concentrate Produced||3,015||1,537||96.16%|
|Pyrite Concentrate Produced||18,488||4,291||330.86%|
The results from Q1 2019 reflect the first full quarter of production for the Company. During the quarter, operational efficiencies have been realised with month over month improvements in dredged and milled tonnes.
Brian Stockbridge, Non-Executive Chairman of NQ Minerals, commented:
“We are delighted by the results being delivered from our Hellyer Mine. Now that we have successfully achieved commercial concentrate production, the positive trends we are realising at site are a culmination of the continued commitment to enhancing shareholder value through appropriate investment and the dedication of the operations team. The mine has performed exceptionally well on the key production metrics of lead, zinc and pyrite concentrates, along with mill throughput, and we look forward to continuing to drive production at Hellyer.”