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NQ Minerals Plc

NQ Minerals Plc First bulk shipment of Pyrite concentrate unloaded

NQ Minerals Plc (NEX: NQMI) (OTCQB: NQMLF), the mineral processing, exploration and mining company, today announced that it has successfully shipped approximately 34,500 tonnes of precious metal pyrite concentrate from the Company’s Hellyer Gold Mine out of Burnie Port, Tasmania.

Roger Jackson, Executive Director of NQ Minerals, commented:

“This bulk shipment of precious metal pyrite concentrate represents a significant milestone for NQ Minerals. We have now delivered three high quality concentrate products to the market from our flagship Hellyer mine, with industry leading customers in both Australia and Asia. We will continue to deliver on this exciting project, with positive net contributions to both the local economy and the environment, while generating robust cash flows for the Company.”

Highlights

§ Milestone first bulk shipment of precious metal pyrite concentrate for the Company.

§ The shipment contained higher than forecasted grades for both gold and silver.

§ The pyrite component of the product contains high sulphur and iron grades.

§ The Board expects regular shipments of pyrite from Hellyer.

§ Since completion of the refurbishment in late 2018, the Company has now successfully produced and sold three quality concentrates from Hellyer as follows:

  • a lead gold silver concentrate;
  • a zinc concentrate; and
  • a precious metal pyrite concentrate.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.