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You have to phone HL to trade the stock, you can't trade this stock in a SIPP account. I bought shares over the phone using my ISA account
Hopefully support, not resistance;-)
I bought mine with HL
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):
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.”
London, United Kingdom – August 10, 2020 – NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, OTCQB:NQMIY) (“NQ” or the “Company”) announces that, following on from the announcement dated 16 July 2020, NQ has today signed a commitment letter issued by ING Bank N.V. (“ING”) for a US$55m loan facility in respect of refinancing existing project debt for the Hellyer Gold Mine (“Hellyer”) in Tasmania, Australia.
This commitment letter is based on the terms previously announced, but increases ING’s credit committee approved amount from US$41m to US$55m.
The increased size of this facility means that the expected interest savings for Hellyer will increase from around US$2.5m per annum, as previously announced, to about US$3.4m per annum.
The agreed commitment letter includes a hedging strategy in respect to base metal revenues that allows Hellyer to take advantage of improving market conditions and reduce the market risk of future operations.
NQ Mineral’s Chairman, David Lenigas, said; “The increased commitment in the debt refinancing with ING from US$41 million to US$55 million is excellent news for the Company and the future of our flagship Hellyer mining operation. The prime purpose of this facility is to retire the 2020 maturity debt book, which totals just over US$30 million. Now that the ultimate size of the ING facility has been determined by both the bank and NQ, negotiations with each of the 2020 maturity debt providers can hopefully be concluded in the coming weeks to the satisfaction of all parties and we can move to close this important deal. Further updates on closing this refinancing with ING and existing current debt providers will be announced as material events occur.”-END-
London, United Kingdom – August 4, 2020 – NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, OTCQB:NQMIY) (“NQ” or the “Company”) announces it achieved record production levels in July 2020 of metals concentrates from the Company’s flagship Hellyer Gold Mine (“Hellyer”) in Tasmania, Australia.
July 2020 was the first full month of Hellyer plant operations at the new production rate of over 1.2 million tonnes per annum (“Mtpa”). The plant achieved:
Record Hellyer monthly plant throughput of 106,365 tonnes (1.25 Mtpa annualised)
Record monthly lead concentrate production of 4,075 tonnes concentrate, up from average monthly in Q2, 2020 of 2,921 tonnes of concentrates.
Zinc concentrate production of 1,509 tonnes.
Saleable gold in concentrates of 461 ounces gross (before processing and streaming deductions).
Saleable silver in concentrates of 89,854 ounces gross (before processing and streaming deductions).
David Lenigas, NQ’s Chairman, said: “The recent plant upgrades at Hellyer - an annualised throughput increase to over 1.2 million tonnes per annum at the end of July - have seen a welcome and dramatic improvement in Hellyer’s operational performance and output. Our lead concentrate production now accounts for around 85% of monthly revenue, up from around 75% last year due to the recent rises in gold and silver prices.”
Competent Person’s Statement (NQ Minerals Plc)
The information in this report that relates to the Hellyer Gold Mine is based on information compiled by 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.
-END-
London, United Kingdom – July 9, 2020 – NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, OTCQB:NQMIY) (“NQ” or the “Company”) announces it achieved excellent production levels of metals concentrates for the Second Quarter ending June 30 2020 (“Q2”), despite the COVID-19 pandemic, from the Company’s flagship Hellyer Gold Mine (“Hellyer”) in Tasmania, Australia.
Hellyer’s lead concentrate production for Q2 totalled 8,762 tonnes and zinc concentrate production totalled 4,241 tonnes. In addition, NQ advises that a total of 1,223 ounces of gold and 229,947 ounces of silver were produced as payable precious metal credits in the lead and zinc concentrate streams for the Quarter. Refer to Table 1 for detailed analysis. During H1 2020, the Company generated an unaudited Revenue from Mining Operations of A$30m and an operating Gross Profit of A$12m.
Major plant upgrades and process optimisation plans were implemented at Hellyer in the last week of June 2020, which successfully increased plant throughput by 44% to a rate of over 1.3 million tonnes per annum (1.2Mtpa at 92% plant availability), compared to 2019’s full year plant production numbers.
David Lenigas, NQ’s Chairman, said: “NQ’s Hellyer operations have performed extremely well last Quarter, especially considering the current global COVID-19 pandemic. COVID-19 represents an unprecedented challenge for people, governments and businesses worldwide. The Tasmanian Government responded quickly to the virus and was the first State in Australia to limit any travel to its island State and has implemented strict controls within the state. Confirmed COVID-19 infections in the State are very low. The end of June production rate increase at the processing plant to 150 tonnes per hour was a big step forward at Hellyer and has been very successfully implemented. It will have a very significant and immediate impact on future revenues.”
Hellyer’s COVID-19 Response Plan:
The Tasmanian Government has implemented a strict lockdown across the State to control the spread of COVID-19 and the Company is working strictly to the protocols put in place by the Government. We will review and adjust our business continuity measures as the situation evolves and we will continue to be guided by the latest advice from medical and government authorities.
The mining industry in Tasmania has been classed as an essential service, and as such mining and processing operations at Hellyer continue.
At the present time there are no confirmed cases of COVID-19 at the Hellyer operations. In response to the health risks associated with COVID-19, Hellyer has implemented a series of health and safety protocols on a company-wide basis.
:-) NQ Minerals Announces 44% Production Rate Increase from Hellyer Gold Mine
London, United Kingdom – July 2, 2020 – NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, OTCQB:NQMIY) (“NQ” or the “Company”) announces today that plant production at its flagship Hellyer Gold Mine (“Hellyer”) in Tasmania, Australia, has now been successfully increased by 44% to over 1.3 million tonnes per annum (1.2Mtpa at 92% plant availability), compared to 2019’s full year plant production numbers.
The new production rate of 150 tonnes per hour (1.314Mtpa) is now being achieved after a June plant upgrade and circuit optimisation exercise. This new rate compares to 2019 Hellyer Full Year plant throughput totalling 835,877 tonnes (average 103 tph at 92% plant availability).
Process optimisation works are now underway to ensure that the plant achieves maximum recoveries and concentrate specifications at these new higher production rates.
Engineering assessments will continue to plan for further production rate increases later in the year, should higher production rates be required.
David Lenigas, Chairman of NQ Minerals Plc, said, “This Hellyer plant upgrade exercise has been successfully brought in some 6 months ahead of expectation. The increase in saleable mine product will have a very positive affect on the Company’s top and bottom line revenues going forward, and will assist NQ greatly with its ability to service ongoing debt obligations and strongly position the mine for increased profitability as commodity prices improve with the world emerging from the COVID-19 pandemic.”
My 35k buy this morning is marked as a sell. Oh well, suppose someone had to sell for me to buy :-)