NQ Minerals announces Significant Hellyer Mine Results for Q3 2020
London, United Kingdom – October 13, 2020 – NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, US ADR OTCQB:NQMIY) (“NQ” or the “Company” or the “Group”) is pleased to announce its production results and unaudited financial results for its wholly owned Hellyer Gold Mines Pty Ltd (“Hellyer”) for the quarter ending 30 September 2020 (Q3 2020).
Lead concentrate production was up 35% from the previous quarter (ending 30 June 2020) and up 78% compared to the same quarter last year.
Zinc concentrate production was up 8% from the previous quarter and up 38% compared to the same quarter last year.
Significantly, unaudited net revenue from Hellyer for the quarter was A$19.1m and gross profit realised for the quarter was A$10.7m. During the quarter, the Company realised positive commodity finalisation adjustments which increased net income before income taxes for the quarter at Hellyer to A$15.8m. Note: The financial information for the quarter ended 30 September 2020 has not been audited.
Table 1: Production Results for Q3 & Q2 2020 and Q3 2019 (comparative):
Reconciled Production |
Q3 2020 |
Q2 2020 |
Q3 2019 |
Lead Concentrate (tonnes) |
11,865 |
8,762 |
6,655 |
Zinc Concentrate (tonnes) |
4,585 |
4,241 |
3,311 |
The Hellyer operations continued undergoing processing circuit modifications during Q3 2020, and production rates have been increased further to 165 tonnes per hour (“tph”) at the end of September 2020. The Company is currently finalising designs and operational procedures to further increase production to 180 tph, or the equivalent to 1,500,000 tonnes per annum.
NQ Minerals’ Executive Chairman, Mr David Lenigas, said;
“We are continuing to see much improved production and revenue performances from NQ’s flagship Hellyer polymetallic operations in Tasmania, Australia. The efforts being exerted by our dedicated management and staff are producing very significant leaps forward with respect to the way Hellyer performs. Our Hellyer focus for this coming quarter is targeted towards furthering our plant output initiatives.”
Competent Person’s Statement
The information in this report that relates to the Hellyer project is based on information compiled by Mr. Roger Jackson, an Executive Director of the Company, who is a 25+ year Member of the Australasian Institute of Mining and Metallurgy (MAusIMM) and a Member of Australian Institute of Company Directors. Mr. Jackson has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration results, Mineral Resources and Ore Reserves”. Mr. Jackson consents to the inclusion of the data contained in relevant resource reports used for this announcement as well as the matters, form and context in which the relevant data appears.
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About NQ Minerals
NQ Minerals Plc is listed on London’s Aquis Stock Exchange (AQSE) under the ticker NQMI and has it’s 1:100 ADR traded on the US OTC QB under ticker NQMIY and its ordinary shares are dual traded on the US OTC QB under the ticker NQMLF.
NQ Minerals operations are in Australia. NQ commenced base metal and precious metal production in 2018 at
Rock Tech Joins European Raw Materials Alliance
Rock Tech Lithium Inc.
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Rock Tech Lithium - News Release Vancouver, BC, Canada - October 13, 2020 - Rock Tech Lithium Inc. (the "Company" or “Rock Tech”) (TSX-V: RCK; Frankfurt: RJIB) is pleased to announce it has joined the European Raw Materials Alliance (“ERMA”). ERMA, launched by the European Commission on September 29, 2020, has the following primary objectives: - Establishing a dynamic European Union industrial alliance on the raw materials needed for industrial ecosystems. - Identifying investment and enabling policy requirements, possibly including industrial consortia in the framework of Important Projects of Common European Interest. - Creating a deeper awareness of raw materials and advanced materials as enablers for the EU Green Deal. “Rock Tech is very excited to be joining the European Raw Materials Alliance,” said Dirk Harbecke, Rock Tech’s chairman. “Momentum is accelerating as policymakers and industry participants coalesce around the notion of security of supply regarding the critical raw materials that enable a globally competitive, green and digital economy.” Among other deliverables, ERMA will install a Raw Materials Investment Platform to bring investors and investees together in addition to assessing EU funding opportunities and financing sources for investment opportunities both inside and outside of Europe. “We continue to make significant progress in our downstream strategic pursuits,” added Simon Bodensteiner, the Company’s Chief Executive Officer. “Strategic autonomy and sovereignty, particularly with respect to battery metals, is gaining considerable support with the establishment of ERMA and we are delighted to be collaborating with fellow alliance partners.” About the European Raw Materials Alliance (“ERMA”) ERMA is an open and inclusive alliance that provides an open and independent forum for discussion and analysis, as well as a mechanism for translating potential projects into actual activities and infrastructures that will contribute to creating long-lasting added value and jobs for Europe. ERMA will identify barriers, opportunities and investment cases to build capacity at all stages of the raw materials value chain, from mining to waste recovery. In addition to investing in infrastructure and capacity building within the EU, the Alliance will support activities aimed at securing a sustainable supply of raw and advanced materials for the EU’s industrial ecosystems. In line with the goals of the European Green Deal and with the expectations of European citizens, the initiatives supported through ERMA will bolster the creation of environmentally sustainable and socially equitable innovations and infrastructures. This transformation will build on educational excellence and on the conversion of existing workforce and industrial ecosystems to service the needs of the green economy. On behalf of the Board of Directors, "Simon Bodensteiner" Simon Bodensteiner Director, Chief Executive Officer For further information, please contact: Brad Barnett Chief Financial Officer Rock Tech Lithium Inc. 777 Hornby Street, Suite 600 Vancouver, B.C., V6Z 1S4 Telephone: (778) 358-5200 Facsimile: (604) 670-0033 Email: [email protected] Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward‐looking statements". Forward‐looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.
