logo-loader
viewNQ Minerals PLC

NQ Minerals' David Lenigas says 44% boost to Hellyer production is 'biggest deal yet' for company

NQ Minerals PLC's (LON:NQMI) tells Proactive London's Andrew Scott that the plant upgrade at the Hellyer Gold Mine in Tasmania has resulted in a 44% increase in production. The enhancements, done six months ahead of expectation, have resulted in hourly production of 150 tonnes, which equates to an annualised rate of 1.3mln tonnes.

''This is the most significant event yet for the company because it immediately increases our revenue and bottom line profit ... literally within two weeks''.

Quick facts: NQ Minerals PLC

Price: 7.3 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 chairman welcomes record production at Hellyer in July

NQ Minerals PLC's (AQSE:NQMI) chairman David Lenigas caught up with Proactive London's Andrew Scott after revealing they produced record levels of metals concentrate from its Hellyer Gold Mine in Tasmania in Australia during July. The new plant at Hellyer delivered throughput of 106,365 tonnes...

6 days, 22 hours ago

2 min read