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NQ Minerals sees Hellyer project generating £800mln in revenue

Brian Stockbridge, chairman of NQ Minerals PLC (NEX:NQMI), tells Proactive's Andrew Scott they're all set to hit the ground running when production begins at the company's flagship Hellyer polymetallic mine in Australia.

Stockbridge says they're on track to begin production at the wholly-owned project, located on the west coast of Tasmania, in the fourth quarter.

The group’s subsidiary Hellyer Gold Mines Pty Ltd's entered into two marketing and off-take agreements with Traxys Europe S.A. for the sale of all lead and zinc concentrates from the mine.

Quick facts: NQ Minerals PLC

Price: 7.75 GBX

Market: NEX
Market Cap: -

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NQ Minerals' David Lenigas updates as it looks to nearly double mining...

NQ Minerals PLC's (NEX:NQMI)(OTCQB:NQMLF) David Lenigas speaks to Proactive London's Andrew Scott after announcing they're to contract a second, high capacity mining dredge to boost its mining operations at the Hellyer project in Tasmania. The second dredge has a capacity to move 100 tonnes...

on 10/12/19

2 min read