Introduction
NQ Minerals is an expanding base and precious metals production and exploration company with its operations centered around its Hellyer Operations in Tasmania, Australia.
In 2015, the company listed in London based on a portfolio of historically proven gold and silver exploration assets in Northern Queensland. In 2017, the Company acquired the Hellyer Gold Mine in Tasmania and subsequent to proving a Reserve of over 8 million tonnes, commenced reprocessing of high grade tailings. During late 2018, the Company commenced production of lead, zinc and precious metal concentrates. Hellyer has now achieved commercial production, exceeding originally anticipated metallurgical performance and plans are in place for further expansion.
The Company is currently focused on further exploration, mining and processing opportunities in Tasmania. These include the proposed development of a new nickel/cobalt mine and processing facility, that will enable further commercialization of the residual material from the reprocessing of Hellyer-tailings. At the same time the Company is advancing the development of its Northern Queensland properties to bring these into commercial operation.
What We Do
NQ’s flagship project is the Hellyer Gold Mine in Tasmania, Australia. It commenced production in 2018 with an initial 10 year mine life. Production is currently running at about 3,000 tonnes of Lead concentrates and 1,500 tonnes of zinc concentrates per month (Q1 2020).
NQ Minerals is a producer and supplier of precious and base metals. In addition, the company is developing projects to produce the key mineral commodities which are utilised in the manufacture of batteries for electric vehicle and high tech.
NQ Minerals Chairman
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A real mining company with a tremendous future with long-life assets in the gold/silver/lead and zinc. Investing in NQ Minerals helps the Company acquire and grow our asset base in areas that require a great deal of environmental clean-up from historic production eras.
NQ Minerals has a mission to acquire and develop a portfolio of productive mining assets based in Australia and beyond but always focused on countries with great mining asset security. We aim of to deliver significant shareholder value in the short, medium and long term. The company aims to operate its mining assets in the most sustainable and Eco-friendly manner possible. The company has an experienced team of executives and non-executives to deliver these goals.
Each opportunity to develop a mining asset is rigorously appraised in order to ensure:
- Attractive project returns
- Growth in cash flow generation
- Politically and fiscally stable environment
Our main flagship project is the Hellyer Gold Mine in Tasmania, Australia, with its impressive infrastructure and high-grade polymetallic tailings which represent substantial reserves of high-grade zinc, lead, copper, silver and gold. Hellyer is in production and now ramping up to full speed well over 1.3 million tonnes a year, producing quality lead and zinc concentrates. Recent processing plant upgrades have significantly increased output and revenues.
At Hellyer the electrical power is generated from clean Hydro sources and the Company has plans to replace the existing historic unlined tailings dam with a new fully lined facility to ensure no leakage of wastes to the environment for the future security of the eco-system. Hence our Enviro-friendly focus.
In June 2020, NQ acquired the very famous and very rich Beaconsfield Gold Mine, also in Tasmania. The acquisition includes the Beaconsfield Mining Lease, infrastructure, permitted tailings dam and a 350,000 tonne per year gold processing plant.
A new Mineral Resource report has found that the resource in the lower section of Beaconsfield has increased to 1.454 million tonnes grading 10.3 grams per tonne (g/t) for 483,000 ounces of gold. Significant additional gold potential still to be assessed in the upper section of the old Beaconsfield Mine workings from surface to the 415-metre level plus the rich Tasmania gold reef remains open at depth below 1,500 metres.
Work will soon commence with the environmental clean up of all areas affected by previous mining operations. The first area will be the “Wetlands”, which also hold commercial quantities of gold, and will generate significant early cash flows. We aim to be processing the first gold towards the end of 2020. And yes, Beaconsfield will also be powered from hydro-electric sources.
Investor support from our valued introducing partners such as RKG, via our various fixed interest instruments enables us to accelerate and develop our projects from both a commercial and sustainable perspective. We appreciate and welcome their support and look forward to working with more of their investors in the futures
Your faithfully,
David Lenigas
Chairman, NQ Minerals plc
Mining Industry
Hellyer Processing Plant
Project Revenue In Excess of USD@706M Over 10 Years*
*Note: Highlights are based on most recent management evaluation of the projects potential
| GOLD | SILVER | LEAD | ZINC | |
| RESERVES* - 8.04mt |
664,330 oz 2.57 g/t |
24,153,000 oz 93 g/t |
245,400 tons 3.05 % |
205,000 tons 2.55 g/t |
| RESOURCE* - 9.25mt |
764,000 oz 2.57 g/t |
27,000,000 oz 93 g/t |
277,000 tons 3.05 % |
217,000 tons 2.55 g/t |
Hellyer JORC COMPLIANT RESOURCE
Beaconsfield Gold Mine
JORC Gold Increases to 483,000 ounces at 10.3 g/t
| Beaconsfield Gold Mine Independent JORC 2012 Mineral Resource Statement – 30 April 2020 (using 3 g/t lower cut-off) |
|||
| Resource Category | Tonnes kt | Gold Grade | Contained Metals Au koz |
| Measured | 485 | 11.4 | 177 |
| Indicated | 492 | 11.2 | 177 |
| Inferred | 477 | 8.4 | 129 |
| Total | 1454 | 10.3 | 483 |
Total Resource at the lower section of Beaconsfield Gold Mine in Tasmania, Australia, increased to 1.454 million tonnes grading 10.3 grams per tonne (g/t) for 483,000 ounces of gold
An additional 67,000 ounces of gold potential exists in Tailings Dam #1
Significant additional gold potential still to be assessed in the upper section of the old Beaconsfield Mine workings from surface to the 415 metre level plus the orebody remains open at depth below 1,500 metres
“Beaconsfield is a rich gold deposit with genuine scale. The deposit is open at depth and there is significant potential to increase these resources with further drilling.”
NQ Minerals Plc’s Chairman David Lenigas
NQ Corporate Growths Plans
Having acquired, refurbished and restarted the minerals reprocessing plant at the company’s flagship Hellyer Lead, Zinc, Gold, Silver Mine in Tasmania Australia, NQ Minerals has transformational expansion plans;.
Extending the life of Hellyer by securing the underground rights to high grade Lead and Zinc deposits at Hellyer.
Acquisition of synergistic projects in Tasmania to utilise pyrite from Hellyer in the low-cost production of Nickel and Cobalt.
Acquisition of one of Tasmania’s richest gold mines – the mix of base and precious metals provides a hedge across the full commodity cycle.
Planning for acquisition of other mineral reprocessing projects.
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