Convertible Loan Note:
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 on LSE this year, 2021;
- Stable Jurisdiction;
- Experienced Management.
For more details or further information: