NQ Minerals
Diversified London / US listed producer with 5 sites across Tasmania and Queensland
(NEX:NQMI | OTCQB:NQMLF)
Overview
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Flagship project is the Hellyer Gold Mine in Tasmania acquired in 2017, a low-cost tailings retreatment operation producing a lead and a zinc concentrate with gold and silver credits along with a pyrite concentrate.
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Commissioned in late 2018, the initial tailings operation has a ten year life although there is potential to keep the mill operating via an underground restart and other regional exploration.
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2019 commissioning phase achieved 820kt throughput resulting in 25kt of lead concentrate, 15.6kt lead concentrate and 77.8kt pyrite concentrate. Achieved asset level operating profit of A$12.2m for the year on revenue of A$53.9m.
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Recently announced a 44% increase in throughput capacity to 1.3mntpa.
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US$60m refinancing process underway.

Share Price
Beaconsfield Gold Mine Acquisition
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Acquired 100% of the Beaconsfield Gold Mine, Tasmania in Feb 2020 for A$2m which includes the 350ktpa processing plant.
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In April 2020 an upgraded resource report was published demonstrating 1,454kt grading 10.3g/t for 483koz Au. There is an additional 67koz potential in Tailings Dam #1 and exploration upside from surface and at depth.
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Underway with permitting process and engineering studies to expedite a restart of mining and production. Construction of a new decline and upgrade of the mining fleet is required along with a refurbishment of the plant on C&M.
Tier One Jurisdiction
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Historic mining region means strong infrastructure and availability of skilled labour.
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Road, rail and port infrastructure available and in close proximity.
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Synergies from network of brownfield Tasmanian facilities.
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Stable regulatory framework for mining and supportive local community.
Reserves & Resources
