viewNQ Minerals PLC

NQ Minerals raises just over £900,000 to accelerate re-opening of Beaconsfield gold mine

NQ Minerals has been generating healthy cashflow from Hellyer for some time now

NQ Minerals PLC -

NQ Minerals PLC (AQSE:NQMI) (OTCQB:NQMLF) (OTCQB:NQMIY) has raised £917,485 at 6.5p per share for general working capital purposes and to accelerate the re-opening of the Beaconsfield gold mine in Tasmania, Australia. 

The company acquired the Beaconsfield gold mine in June 2020. Beaconsfield has a JORC resource of 1.454mln tonnes at 10.3 grams per tonne gold, giving 483,000 ounces.

NQ Minerals’ flagship asset is the Hellyer Gold Mine, at which operations were restarted by the company in 2018. Hellyer boasts a resource of 9.25mln tonnes grading 2.57 grams per tonne gold, with additional silver, lead and zinc.

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 has shown itself to be an astute dealmaker and is now chaired by David Lenigas, the well-known resources entrepreneur.

Quick facts: NQ Minerals PLC

Price: 7.25 GBX

Market: AQSE
Market Cap: -

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