First publishedon www.AggBusiness.com
Australia-based NQ Minerals says the commissioning of its Tasmania-based Hellyer processing plant has now been completed and that during the fourth quarter of 2018, the company produced 3,991 tonnes of lead, 1,537 tonnes of zinc, and 4,291 tonnes of pyrite. The haul generated around US$4.1 million (AUD$5.7mn) in sales. NQ Minerals is now consistently producing all three concentrates, with sales said by the mining firm to be occurring on a weekly basis.
“With commissioning substantially complete, NQ is now a producer. Having completed the acquisition and refurbishment of Hellyer over the prior two years, the culmination of management’s efforts will make 2019 a transformational year for the company. With the change in status to a producer, we believe there is substantial potential to unlock shareholder value,” said Brian Stockbridge, chairman of NQ Minerals.