NQ Minerals is an expanding base and precious metals production and exploration company with its operations centered around its Hellyer Operations in Tasmania, Australia. At acquisition, the Hellyer project comprised a 9.25mt JORC (2012) compliant Resource and an in situ mothballed processing plant. NQ’s evaluation ofthe Hellyer Project indicated the opportunity to process and extensively commercialise the 11.24 mt in-situ tailings comprising a 9.25 mt JORC (2012) compliant resource at:
Gold at 2.57 g/t (764,300 oz)
Silver at 92 g/t (27.4 million oz)
Lead at 2.99% (276,600 tonnes)
Zinc at 2.35% (217,400 tonnes)
The company has recently purchased the very successful Beaconsfield gold mine, set to reopen under the NQ Minerals management. Beaconsfield's total resources rise to 1.454mln tonnes at a grade of 10.3g per tonne (g/t), for 483,000 ounces gold.
Investment highlights:
Convertible Loan Note - 12% per annum, 3 year term;
The Note can be converted to shares or redeemed;
The Shares issued on conversion will rank equally with all existing Shares then on issue;
The notes are secured against the assets of the company and rank ahead of all shares;
Minimum investment: £12,500.
Corporate overview:
A portfolio of mining assets;
Flagship project in production – minimum 100 ton per hour feed;
Attractive Project Returns;
Growth through Accelerating Cash Flow & Acquisitions;
Publicly Listed on Aquis Stock Exchange (AQSE) with intent to list LSE – Q1 2021;