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NQ Minerals declares commercial production

Published by , Editor
Global Mining Review,

NQ Minerals Plc has announced that commissioning of the Hellyer processing plant has now been completed and that during the fourth quarter of 2018, the company produced 3991 dry t of lead, 1537 dry t of zinc, and 4291 dry t of pyrite realising approximately £3.2 million (AUS$5.7 million) in sales.

The company is now consistently producing all three concentrates with sales occurring on a weekly basis.

“With commissioning substantially complete, NQ is now a producer. Having completed the acquisition and refurbishment of Hellyer over the prior two years, the culmination of management’s efforts will make 2019 a transformational year for the company. With the change in status to a producer, we believe there is substantial potential to unlock shareholder value,” stated Brian Stockbridge, Chairman of NQ Minerals PLC.

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