logo-loader
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

AQSE:NQMI
Market: AQSE
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of NQ Minerals PLC named herein, including the promotion by the Company of NQ Minerals PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

NQ Minerals PLC's David Lenigas details major refinancing deal with ING Bank

NQ Minerals PLC's (LON:NQMI) David Lenigas speaks to Proactive London's Andrew Scott following the news they've reached an agreement with ING Bank which will provide US$41mln as corporate debts written in 2017 and 2018 are restructured. Additionally the new facility includes an accordion option...

2 weeks, 5 days ago

2 min read