NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, OTCQB:NQMIY; Frankfurt: 44D) has announced that mining and trucking operations at the Company’s 100% owned Beaconsfield Gold Mine in Tasmania, Australia, are progressing well. To date, a total of 22,290 tonnes of Wetlands material has been trucked to stockpiles in the processing plant area.
Trucking operations continue to move a significant quantity of material to the processing plant.
David Lenigas, NQ Minerals Chairman, commented; “Work to move the Wetlands material continues at pace at our Beaconsfield Gold Mine, with a fleet of 6 trucks moving the material to the Beaconsfield Processing Plant area. We are having a good window with the weather and plan to create a significant stockpile at the plant area. Further updates on tonnes and gold grades will be made available as material information comes to hand.”
NQ Minerals is a green mining company focused on the environmental rehabilitation and sustainable exploration and extraction of minerals required for a net zero emissions world at former precious metal mining locations in Australia.
NQ commenced environmental rehabilitation and base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. In 2021, rehabilitation and exploration work began at its second flagship project, the historic high-grade Beaconsfield Gold Mine in Tasmania which it is planning to bring back into production later this year.
The Group’s combined published reserves and resources cover precious metals gold and silver, and battery metals lead and zinc. Its Hellyer property has a published JORC compliant Mineral Resource estimated as of the end of August 2020 at 7.57 Mt which is host to Gold at 2.60 g/t Au for 633,600 oz Au, Silver at 94 g/t Ag for 22,873,600 oz Ag, Lead at 3.01% Pb for 228,000 tonnes and Zinc at 2.33% Zn for 176,700 tonnes. Meanwhile, Beaconsfield has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. NQ’s portfolio also includes an EV battery nickel cobalt project in Tasmania.