NQ Minerals PLC (CE) (NQMLF) News

$NQMLF -Board Changes

https://www.otcmarkets.com/stock/NQMLF/news/Board-Changes?id=310000

$NQMLF -Proposed Debt Restructuring Plans
#minerals #PreciousMinerals #Mining #Gold #Silver #Platinum #uranium #otcmarkets #nickel #cobalt #BatteryMetals
https://www.otcmarkets.com/stock/NQMLF/news/Proposed-Debt-Restructuring-Plans?id=309293

Director Change

https://www.otcmarkets.com/stock/NQMLF/news/Director-Change?id=308180

$NQMLF Our mission is to rehabilitate the environment of former precious metal mining operations and sustainably extract minerals required to build a cleaner world. In short, to be a responsible, green minerals exploration and extraction company for the 21st century.
#minerals #PreciousMinerals #Mining #Gold #Silver #Platinum #uranium #nickel #cobalt #BatteryMetals #otcmarkets : AQSE: $NQMI; OTCQB: $NQMLF; OTCQB: $NQMIY (US ADR)
https://www.nqminerals.com/

$NQMLF- Excellent Surface Gold Results Reported At Beaconsfield AQSE: $NQMI; OTCQB: $NQMLF; OTCQB: $NQMIY (US ADR)
#minerals #PreciousMinerals #Mining #Gold #Silver #Platinum #uranium #otcmarkets #nickel #cobalt #BatteryMetals
https://www.otcmarkets.com/stock/NQMLF/news/Excellent-Surface-Gold-Results-Reported-At-Beaconsfield?id=300345

North Queensland Option Agreement with Evolution Mining AQSE: $NQMI; OTCQB: $NQMLF; OTCQB: $NQMIY (US ADR)
#minerals #PreciousMinerals #Mining #Gold #Silver #Platinum #uranium #otcmarkets #nickel #cobalt #BatteryMetals
https://www.otcmarkets.com/stock/NQMLF/news/North-Queensland-Option-Agreement-with-Evolution-Mining?id=290666

And them some, flying under the radar.

GREAT NEWS FOR NQMLF

Who’s the moderator here

i expect this stock to double

this stock looks really good

News - Hellyer Production Rate Significantly Increased

London, United Kingdom – September 28, 2020 – NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, US ADR OTCQB:NQMIY) (“NQ” or the “Company”) is pleased to announce that the Company’s flagship Hellyer Mine in Tasmania, Australia, has successfully increased production and processing rates up to 165 tonnes per hour (“tph”) and plans are being finalised to increase production further to 180 tph (about 1.5 million tonnes per annum (“Mtpa”)).

As previously announced, the operations have been undergoing processing circuit modifications since the end of June 2020 and this work has since achieved an average annualised production rate of 1.23 Mtpa for the months of July and August 2020. This is a very significant increase from Q1 2020 performance of 0.905 Mtpa and Q2 2020 rates of 1.01 Mtpa and compares to 2019 Hellyer’s full year plant throughput totalling 0.84 million tonnes (an average of 103 tph and 92% plant availability).

During this transition to higher production rates, it has become evident that production levels in excess of 1.2 Mtpa might be possible, and as a consequence NQ Minerals has agreed with Hellyer management to continue this throughput increase initiative and associated investment with a view to a revised long term maximum production target of 1.5 Mtpa.

NQ Minerals’ Executive Chairman, Mr David Lenigas, said;

“This is an outstanding result for our Hellyer Operations. The Board and I are highly impressed by the systematic and pragmatic approach taken by the Hellyer management and site staff in preparing for and then delivering this program to increase throughput at Hellyer. We have seen very significant improvements in a relatively short period of time and this significant increase in performance is well ahead of our original mining and processing schedule and has been completed with minimal capital outlay. The opportunity to continue this initiative and further increase our lead and zinc concentrates output will certainly improve financial returns and manage our business risk.”

Competent Person’s Statement

The information in this report that relates to the Hellyer project is based on information compiled by Mr. Roger Jackson, an Executive Director of the Company, who is a 25+ year Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a Member of Australian Institute of Company Directors. Mr. Jackson has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration results, Mineral Resources and Ore Reserves”. Mr. Jackson consents to the inclusion of the data contained in relevant resource reports used for this announcement as well as the matters, form and context in which the relevant data appears.



-END-



About NQ Minerals

NQ Minerals Plc is listed on London’s Aquis Stock Exchange (AQSE) under the ticker NQMI and has it’s 1:100 ADR traded on the US OTC QB under ticker NQMIY and its ordinary shares are dual traded on the US OTC QB under the ticker NQMLF.

NQ Minerals operations are in Australia. NQ commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 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 is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be viewed on NQ’s website at www.nqminerals.com.



For more information, please contact:

NQ Minerals plc

David Lenigas, Chairman

lenigas@nqminerals.com

Colin Sutherland, Chief Financial Officer

colin.sutherland@nqminerals.com

Tel: +1 416 452 2166 (North America)

Media Enquiries

IFC Advisory Limited

Graham Herring / Tim Metcalfe

graham.herring@investor-focus.co.uk

Tel: +44 (0) 203 934 6630 (United Kingdom)

Corporate Adviser

First Sentinel Corporate Finance Limited

Brian Stockbridge / Gabrielle Cordeiro

Tel: +44 (0) 207 183 7407 (United Kingdom)

Corporate Broker

VSA Capital Limited

Andrew Monk/Maciek Szymanski

+ 44 (0) 203 005 5000 (United Kingdom)



The Following section relates to NQ Minerals Plc’s news releases distributed in the United States:

Cautionary Note to US Investors

The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. We may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements based on current expectations, estimates, forecasts, and projections, including those related to our growth strategy, mineral estimates and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to exploration, development and/or extraction; our ability to obtain, perform under, and maintain financing and strategic agreements and relationships; our ability to attract, integrate, and retain key personnel; global demand for mineral resources; our need for substantial additional funds; government regulation; as well as other risks. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

Yes that news letter was positive.I feel there is alot of substance in the information..i feel i can write a few articles sbout such good news. I feel the news needs to be put out there .. I feel much more can be done..

Mr lenigans is a mastermind..Sir yes Sir..This company is going to produce alot of $$. Thank you Sir.

Positive report from The Venture newsletter or whatever it’s called
https://vc352.infusionsoft.com/app/attachment/8153/942e10e88fc8ff5eeb54cbfdf26a325b?inf_contact_key=ca13a15cdd414af44cfa85523df67be6680f8914173f9191b1c0223e68310bb1

This stock is a winner.. Im in.

It was awesome

Love your enthusiasm and love today's press release

I hope to see more news on this stock

This baby rides on its on.

The wise will store gold for a rainy day.

Gold is at its all time highest.

This one is a sure winner.

Gold has and will always be a good investment!!

Pleasent day to everyone.

Good morning guys

Stock is under accumulation as gold goes higher

NQ announces that it has appointed international legal firm Hill Dickinson in London to prepare the necessary prospectus and documentation to have NQ's shares traded on a Tier-1 Stock Exchange.

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 is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be viewed on NQ's

David Lenigas, NQ's Chairman, said: "I'm pleased to announce that the Beaconsfield Mining Lease have now been formally transferred by the Tasmanian Government to NQ Minerals, and work has already commenced on site with respect to the gold treatment plant refurbishment and the deployment of geologists to site to commence a detailed sampling programme of surface stocks potentially available for start-up plant feed."

On May 7, 2020, NQ also announced a new JORC (2012) compliant Mineral Resource Estimate of the lower section of the Beaconsfield Gold Mine of 1.454 million tonnes grading 10.3 grams per tonne (g/t) for 483,000 ounces of gold. Significant additional gold potential is still to be assessed in the upper section of the old Beaconsfield Mine workings, plus the orebody remains open at depth.

Tasmanian Government has now formally transferred the Mining Lease ML 1767 P/M, that covers the Beaconsfield Gold Mine, to NQ's 100% subsidiary Pieman Resources Pty Ltd.

Traxys looks forward to working with the NQ Minerals team on its diverse portfolio of mineral resource projects as they bring them in to production."

 The extension of the offtake at Hellyer to full life-of-mine will provide NQ Minerals with certainty of payment for their mine production, guarantees early working capital and secures the success of operations for many years to come.

The ING facility is a critical milestone in achieving this important target. 

It was only natural for Traxys to further assist NQ Minerals with this important debt refinancing initiative, by introducing our banking relationships. 

Traxys' William De Landtsheer, Structured Trade Finance Manager, said, "We have been involved with NQ Minerals to support the restart of the Hellyer's production in 2018. We are very pleased with the professionalism of Hellyer's team which has delivered the project on budget as expected.

This transaction is noteworthy in that this was achieved throughout Covid, which is a testament to the dedication of all parties involved, as well as the underlying strength of the project."

ING Bank's Adrian Moroz, Director within Metals, Mining and Fertilisers, said, "The bank is pleased to partner with NQ Minerals, Traxys and the Hellyer Mine in order to provide this refinancing facility.

On drawdown, the Company's balance sheet will be significantly strengthened, and work will commence to seek a listing on a Tier-1 stock exchange to complement its current London Aquis Exchange listing and OTC Markets trading platforms."

NQ looks forward to the continuation of a very supportive and productive working relationship with Traxys. 

The extension of the offtake agreement with Traxys from 2024 to life-of-mine is also very significant news for the Company, as it secures fortnightly product payments for Hellyer's production for its entire 10 year mine life. 

NQ looks forward to the start of a productive working relationship with ING.

NQ Mineral's Chairman, David Lenigas, said; "This refinancing facility with ING represents the culmination of nearly a year's extensive due diligence with both the bank and Traxys, and reflects the success of the final commissioning phase of Hellyer at its targeted throughput rate of 1.2 million tonnes per year and the establishment of a stable operating environment.

This extended Traxys offtake provides NQ with valuable trade financing for deliveries made at the local port of Burnie in northern Tasmania, from where Hellyer's lead/zinc/gold/silver production is sent to world markets.

The new facility also extends Traxys' Hellyer offtake agreement from 2024 through to the end of life-of-mine.

The facility was introduced and supported by Traxys Sarl, a leading global physical trader and merchant in metals and natural resources, and who currently have an exclusive offtake agreement to buy all of Hellyer's production through to 2024.

This facility will allow NQ to repay Hellyer's early project debt, reducing the mine's interest expense by around USD 2.5 million per year.

 It also includes an accordion option to increase the amount up to USD 55 million, subject to further conditions, including credit committee approval for the further amount

The facility drawdown is now only subject to completion of final documentation and the normal commercial terms previously agreed with ING, and documentation is well advanced in this respect.