Carpe DM Stocks

Adrian Moroz, Director and CFO

Media Enquiries - UK

IFC Advisory Limited

Graham Herring / Tim Metcalfe

Tel: +44 (0) 203 934 6630 (United Kingdom)

Media Enquiries - Germany

DGWA

Katharina Löckinger / Stefan Müller

Info@dgwa.org

Corporate Adviser

First Sentinel Corporate Finance Limited

Brian Stockbridge / Gabrielle Cordeiro

Tel: +44 (0) 207 183 7407 (United Kingdom)

Corporate Broker

VSA Capital Limited

Andrew Monk/Maciek Szymanski

+ 44 (0) 203 005 5000 (United Kingdom)

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

The Following section relates to NQ Minerals Plc's news releases distributed in the United States:

Cautionary Note to US Investors 

The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the SEC Industry Guide 7. The Company may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements based on current expectations, estimates, forecasts, and projections, including those related to our growth strategy, mineral estimates and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition, and stock price. Factors that could cause actual results to differ materially from those currently anticipated are risks related to our growth strategy; risks relating to exploration, development and/or extraction; our ability to obtain, perform under, and maintain financing and strategic agreements and relationships; our ability to attract, integrate, and retain key personnel; global demand for mineral resources; our need for substantial additional funds; government regulation; as well as other risks. The Company expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

END

NQ Minerals $NQMLF #NQMI - Shows there's Gold in being Green - Wetland Cleanup yield positive results

2021-04-29T06:06:00.000-07:00

NQ Minerals Plc

HAULAGE OF GOLD BEARING MATERIAL COMMENCES AT BEACONSFIELD

London listed NQ Minerals Plc (AQSE: NQMI, OTCQB: NQMLF, OTCQB:NQMIY) ("NQ" or the "Company"), is pleased to announce that haulage of gold bearing material from the Beaconsfield Wetlands environmental cleanup area to the Beaconsfield gold processing plant has now commenced.

NQ Minerals Chairman, David Lenigas, comments; "We now have a fleet of 6 trucks moving a significant amount of gold bearing material from the Wetland area, located to east of the Beaconsfield townsite, to the Beaconsfield processing plant area. This material has been deposited in the Wetlands area over the 100 years of historic mining at Beaconsfield and has been considered for many years to be an environmental issue that needed to be addressed. NQ plans to modify the Beaconsfield processing plant over the coming months to extract the gold from this material as a key component of our mine re-opening plans. Regular updates on tonnage stockpiled at the plant, gold grades and metallurgical recoveries expected will be announced as material information becomes available."

-END-

About NQ Minerals

NQ Minerals Plc is listed on London's Aquis Stock Exchange (AQSE) under the ticker NQMI and has its 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 its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer 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. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure. The Company is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be viewed on NQ's website at www.nqminerals.com.

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 Fellow 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.

For further information, please contact:

NQ Minerals plc

David Lenigas, Chairman

Adrian Moroz, Director and CFO

Media Enquiries

IFC Advisory Limited

Graham Herring / Tim Metcalfe

Tel: +44 (0) 203 934 6630 (United Kingdom)

Corporate Adviser

First Sentinel Corporate Finance Limited

Brian Stockbridge / Gabrielle Cordeiro

Tel: +44 (0) 207 183 7407 (United Kingdom)

Corporate Broker

VSA Capital Limited

Andrew Monk/Maciek Szymanski

+ 44 (0) 203 005 5000 (United Kingdom)

The Following section relates to NQ Minerals Plc's news releases distributed in the United States:

Cautionary Note to US Investors 

Cautionary Note Regarding Forward-Looking Statements

$NQMLF #NQMI - Excellent Surface Gold Results at Beaconsfield Gold Mine

2021-04-28T06:19:00.000-07:00

For immediate release

28 April 2021

NQ Minerals Plc

EXCELLENT SURFACE GOLD RESULTS REPORTED AT BEACONSFIELD

London listed NQ Minerals Plc (AQSE: NQMI, OTCQB: NQMLF, OTCQB:NQMIY) ("NQ" or the "Company"), is pleased to announce the results of a recently completed surface trenching (costeaning) programme at its 100% owned Beaconsfield Gold Mine in Tasmania, Australia.

Highlights:

• Two locations showed strong gold intersection at surfaces

• Best results at the base of the Cabbage Tree Hill included:

o 8m @ 3.61 grams per tonne of gold ("g/t Au")

o 10m @ 1.52 g/t Au

§ (including 4m @ 2.53 g/t Au)

• Best result in the footwall of the Tasmanian Reef being:

o 2m @ 2.02 g/t Au

• Both sites are sitting next to the Haul road leading to the Beaconsfield Gold Processing Plant

NQ Geologists recently collected 250 samples from five excavated costeans, for a total of 488 metres of shallow surface trenching across Cabbage Tree Hill, in three locations on their Beaconsfield Mining Lease 1767P/M. Two of the locations have indicated good gold mineralisation across an area, which has had limited historical RAB drilling and RC holes with shallow gold intercepts. The costeaning was undertaken to find the orientation of the mineralised veins that were intercepted in the past drilling. Further costeaning is now planned to understand the extent of the multi vein system near surface within this area.

NQ Minerals Chairman, David Lenigas, commented:

"There has been little recorded exploration at surface at Beaconsfield area, with the majority of previous exploration and mining efforts concentrated on the rich underground mine as it continued to mine to deeper depths. NQ considers that the surface potential at Beaconsfield remains un-tapped and has the potential to add significant resources to Beaconsfield gold inventory. These results, albeit early days, are seen as very encouraging indeed. The company now plans a follow up trenching programme prior to embarking on a drilling programme."

-END-

About NQ Minerals

Competent Person's Statement

The information in this report that relates to the Beaconsfield Gold Mine and Hellyer is based on information compiled by Mr. Roger Jackson, an Executive Director of the Company, who is a 25+ year Fellow 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.

For further information, please contact:

NQ Minerals plc

David Lenigas, Chairman

Adrian Moroz, Director and CFO

Media Enquiries

IFC Advisory Limited

Graham Herring / Tim Metcalfe

Tel: +44 (0) 203 934 6630 (United Kingdom)

Corporate Adviser

First Sentinel Corporate Finance Limited

Brian Stockbridge / Gabrielle Cordeiro

Tel: +44 (0) 207 183 7407 (United Kingdom)

Corporate Broker

VSA Capital Limited

Andrew Monk/Maciek Szymanski

+ 44 (0) 203 005 5000 (United Kingdom)

The Following section relates to NQ Minerals Plc's news releases distributed in the United States:

Cautionary Note to US Investors 

Cautionary Note Regarding Forward-Looking Statements

$NQMLF - Reports Significant Profit at Operating Mine Hellyer for 1st Quarter

2021-04-20T03:57:00.005-07:00

NQ Minerals Plc

Hellyer Mine's First Quarter 2021 Provisional Unaudited Financial Results

A$17.9 million - Gross Revenues

A$9.7 million - Operating Profit

A$4.8 million - Net Income

London listed NQ Minerals Plc (AQSE: NQMI, OTCQB: NQMLF, OTCQB:NQMIY), ("NQ" or the "Company") the base and precious metals producer from its 100% owned flagship Hellyer Mine ("Hellyer") and the 100% owner of the Beaconsfield Gold Mine, both in Tasmania, Australia, is pleased to report its First Quarter 2021 provisional and unaudited operating financial results and production results from NQ's wholly owned subsidiary Hellyer Gold Mines Pty Ltd ("Hellyer"). These results do not factor in associated costs at the Plc level.

Provisional First Quarter 2021 Unaudited Financial Summary:

(Note: Results reported in Australian dollars ("A$"))

Mining and processing operations at Hellyer realised provisional First Quarter 2021 gross revenues of A$17.9m, operating profits from operations of A$9.7m and net income of A$4.8m for the period from 1 January 2021 to 31 March 2021.

A major capital works programme at Hellyer to construct the new circa A$15m Hellyer tailings storage facility (TSF2) was essentially completed by the end of the quarter. Worthy of note is that tailings from the Hellyer plant started flowing into TSF2 in the second week of this month and came in 17% under its original budget, which was an exceptional achievement from the site management teams.

Note: These unaudited results may vary post audit completion.

NQ Minerals' Chairman, Mr David Lenigas, said.

"Hellyer achieved another strong financial performance for the first quarter this year. The completion of the new A$15 million Stage 1 TSF tailings dam was a major technical achievement on site and stands the project in good stead for the future."

-END-

About NQ Minerals

Competent Person's Statement

Carpe DM Companies to Watch - Social SX & Esker Beauty

2021-04-20T03:44:00.003-07:00

Carpe DM Companies to watch

This week we have some real exciting news to report on some previously featured companies we covered in earlier newsletters.

Social SX – Co-founder Valerie Brown

This is an exciting startup that is getting significant traction (78,000+ signups) for its beta. Social SX is a platform designed to help professionals and consumers navigate and find the right medical information and services for them. The platform will let consumers create profiles and show their success. They will have easy access to an appointment setting platform, support groups, and medical information in an easy to navigate platform. For the professionals they’ll be able to verify the licenses, showcase their services, have a simple appointment setting tool at their disposal and reach 1000s of potential customers. The company is currently raising $1MM in a seed round. If you’d like their pitch deck please feel free to email me or reach out to Valerie on Twitter at @HonortheV

Esker Beauty – Founder Shannon Davenport

Esker is a premium bodycare brand helping consumers turn their bathrooms into self-care headquarters. Their body oils, washes, and tools are part of a head-to-toe wellness regimen that brings care and attention to the skin below the neck. They have been getting some excellent traction and have done an excellent job navigating the pandemic to continue their growth

· Revenue: 75% eCommerce + 25% wholesale, with a 3x ROAS and $20.42 CAC. With an AOV of $61, they are profitable on the first purchase.

· Current wholesale accounts include Net-a-porter, Free People, Standard Dose, and Verishop.

· Bootstrapped to $450K in revenue in 2020 and cash positive. No outside capital has been raised to date.

· Strong DTC performance, with average margins of 80% and a healthy conversion rate of over 3.5%.

The Company is looking to raise its first outside fund. Here is a link to their presentation.

Good News from Previous Companies Covered

Soona Studios just raised $10.2 M in a series A and will be expanding their services. Great job by Liz Giorgi and her team. Here’s a link to an article announcing their success.

Mac Conwell of Rarebreed.VC was featured in a recent article and has currently raised $3.5M for his fund. You can still join Rarebreed and be an LP. Talk to Mac, you’ll be impressed.

Saki Dodelson, CEO of Beable is a winner in the EdTech Digest 2021 Awards – taking home the prestigious EdTech Leadership Award for CEO/Founder. This is an incredibly well-deserved accolade. Saki has dedicated the past 20+ years to turning ed-tech into a transformative force for equity and achievement in education. Our congratulations to Saki and to all the winners.

Carpe DM Consulting's Businesses to Know

2021-03-30T05:13:00.000-07:00

Women, Underrepresented and Veteran Business Roundup – Plus a bit more.

This week’s addition features three great companies and some happy updates

I finally got to speak face to face with Mac Conwell of Rarebreed.vc - if you aren’t following him @macconwell on Twitter. I suggest you do if you want some great insight into the VC world. He is a very impressive person and really giving of his time. I wholeheartedly encourage you to contact him and see if an investment into his fund would be appropriate. So let’s talk about one of his investments.

Remodelmate.com takes the pain out of remodeling your bathroom. If you have ever done a remodel job on your home, you know that it rarely goes smoothly. It is basically a pain in the ass. Trying to juggle all the different people and permits and delays makes the process something that people never want to go through again. That is where Remodelmate.com comes along. They use technology to show you what your bathroom will look like when completed, right down to grout color (trust me it matters). The process of work is streamlined as is the payment process. Payments are always an issue on a remodel, but Remodelmate creates stages that need to be completed before a payment is triggered. This helps keeps projects on schedule and they handle any problems. All I can say is that tackling a bathroom remodel couldn’t be easier with Remodelmate.com.

Communyco.com –Bar Kishon – CEO, Co-founderess and Rony Rom – COO, Co-founderess

Communyco is going to be a great place for creators who are looking for a safe and dedicated place to build their audience. With an easier way to monetize than YouTube, you do not need a massive audience to turn your side hustle into a full-time creative gig. The best part is that is it’s designed to be safe and avoid the trolls that you find on YouTube. As a YouTube creator, I can attest to the annoyance of having people and bots posting really horrible things that then have to be removed by me. Communyco is currently fundraising and here is a link to their presentation. I’ve had a number of chats with Romy and I am impressed with her knowledge and the company’s dedication to inclusiveness. It is obviously something especially important to me and it is clearly part of the Communyco ecosystem. I encourage you to check them out.

Inventrify.com – Brandon Brooks – CEO

Brandon Brooks is on a mission. His goal is to improve his community by building the small businesses in that community. To achieve that goal, he founded Inventrify. Inventrify’s mission is to connect small business owners with investors that believe in their ideas, both locally and nationally. By helping small businesses with their start-ups, Inventrify will promote the growth and prosperity of local communities across the country. Inventrify truly simplifies the process of connecting entrepreneurs with people that can help make their visions a reality. Inventrify recently partnered with the Pittsburgh Steelers and that should help amplify Mr. Brook’s mission and help spread the word to other cities. Keep your eye out for Mr. Brooks and follow him on Twitter @OfficialBBrooks

The Good News Report

Last week I spoke about GRID and their CEO Mariam Nusrat. I’m super excited to announce that she is making some great strides. She just got accepted into a well-known accelerator program that is providing her with $50K in funding. If you would like her pitch deck, just email stuart@carpedminc.com or Mariam Nusrat at mariam.adil@gamingfordev.com.

MC2, the blockchain for music licensing, is getting major traction. There have been some additions to the platform that allow it to offer other assets on the platform. This slight pivot has generated a whirlwind of activity with deals being signed by major groups. While the company is still in stealth mode for the moment, all will be revealed very soon. If you know anyone in the entertainment field, please feel free to have them email stuart@carpedminc.com to see if they might not be a fit for MC2’s platform. If you are interested in investing, the company is looking to raise 500K.

$NQMLF $NQMIY $NQMI #NQMI - Its Not Easy Being Green - NQ MInerals Gets Conditional Green Economy Mark from the LSE

2021-02-24T04:50:00.000-08:00

London Stock Exchange Green Economy Mark Conditional Approval

London listed NQ Minerals Plc (AQSE: NQMI, OTCQB: NQMLF, OTCQB:NQMIY) ("NQ" or the "Company"), the base and precious metals producer from its 100% owned flagship Hellyer Mine ("Hellyer") and the 100% owner of the Beaconsfield Gold Mine, both in northern Tasmania, Australia, announces that the Company is expected to qualify for London Stock Exchange’s Green Economy Mark at Admission, which recognises companies that derive 50% or more of their total annual revenues from products and services that contribute to the global green economy. The underlying methodology incorporates the Green Revenues data model developed by FTSE Russell, which helps investors understand the global industrial transition to a green and low carbon economy with consistent, transparent data and indexes.

NQ announced on the 18 January 2021 that it had submitted a draft prospectus to the UK Financial Conduct Authority ('FCA') for approval. The Company is considering applying for admission of its ordinary shares to the Official List of the FCA by way of a Standard Listing and to trading on the Main Market of the London Stock Exchange ('LSE'). The process is ongoing.

-END-

About NQ Minerals

NQ Minerals Plc is listed on London’s Aquis Stock Exchange (AQSE) under the ticker NQMI and has its 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.

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.

For further information, please contact:

NQ Minerals plc

David Lenigas, Chairman

Adrian Moroz, Director and CFO

Media Enquiries

IFC Advisory Limited

Graham Herring / Tim Metcalfe

Tel: +44 (0) 203 934 6630 (United Kingdom)

Corporate Adviser

First Sentinel Corporate Finance Limited

Brian Stockbridge / Gabrielle Cordeiro

Tel: +44 (0) 207 183 7407 (United Kingdom)

Corporate Broker

VSA Capital Limited

Andrew Monk/Maciek Szymanski

+ 44 (0) 203 005 5000 (United Kingdom)

The Following section relates to NQ Minerals Plc’s news releases distributed in the United States:

Cautionary Note to US Investors

The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the SEC Industry Guide 7. The Company may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.

Cautionary Note Regarding Forward-Looking Statements

Women and Minorities Leading Business

2021-01-21T08:00:00.000-08:00

Women and Minorities Leading Business

Women and Minorities Leading Businesses

I am introducing a new section to Carpe DM Consulting’s blog and website dedicated to Women and Minority led businesses. I am doing this because I have seen enough women and minorities swim against the tide. I am also guided by the need to make sure that when my own daughter gets out to the working world, her commitment and ideas will not be diminished because she is both a woman and a minority. I am asking my followers and my friends for help. Do you know a worthy business who needs assistance, whether business advice, financing advice an objective ear? Let’s work together to help them. I am going to start right now.

Snuk Foods – led by Betsy Fox. 
Betsy is an avid traveler and foodie. It was the combination of these endeavors and a consulting gig that led her to develop Snuk Foods. What is Snuk Foods you ask? It’s a curated collection of foods and ingredients from all over the world. These are not the usual suspects, but the stuff that people who are from these places long to have in their pantry. I’ve already placed two orders and received some really excellent items. One of the most extraordinary parts about Betsy is that she listens. I mentioned that I am vegan and that there was a tab for vegetarian items, but not one for vegan. Later that day, I checked and sure enough there was a tab that let me search products so much faster. Betsy has an excellent team working with her and count among her advisors, Dana Corwin. If you are a foodie of any kind you know Dana as the former Editor in Chief of Food and Wine magazine. So what is Betsy looking for? She’s looking for financing and customers. Checkout www.snukfoods.com and place an order. If you are interested in learning more about the company as an investment, email me and I will provide you with some information and we can arrange a call with Betsy.

$NQMLF $NQMIY - Hellyer Mine Posts A$22.7 Net Income

2021-01-14T07:15:00.001-08:00

NQ Minerals Plc

NQ Minerals Reports Hellyer Mine's 2020 Provisional Unaudited Financial Results

A$63.3 million - 2020 FY Gross Revenues

A$24.0 million - 2020 FY Operating Profit

A$22.7 million - 2020 FY Net Income

London listed NQ Minerals Plc (AQSE: NQMI, OTCQB: NQMLF, OTCQB:NQMIY), ("NQ" or the "Company") the base and precious metals producer from its 100% owned flagship Hellyer Mine ("Hellyer") and the 100% owner of the Beaconsfield Gold Mine, both in northern Tasmania, Australia, is pleased to report its 2020 Full Year ("FY") provisional and unaudited operating financial results and production results from NQ's wholly owned subsidiary Hellyer Gold Mines Pty Ltd ("Hellyer"). These results do not factor in associated costs at the Plc level.

Provisional 2020 Full Year Unaudited Financial Summary:

(Note: Results reported in Australian dollars ("A$"))

Improved tonnage throughput from the mining and processing operations at Hellyer realised provisional 2020 FY gross revenues of A$63.3m, operating profits from operations of A$24.0m and net income of A$22.7m to 31 December 2020.

Worthy of note is the progress on the TSF2 construction with a 2020 yearly capex spend of A$8.8m representing 60.8% completion to 31 December 2020. Note: These unaudited results may vary post audit completion.

NQ Minerals' Chairman, Mr David Lenigas, said:

"Hellyer's strong financial performance last year was driven by increased tonnage and steadily improving commodity prices, and when we consider that the operations were only turned up from around 110 tonnes per hour ("tph") to 150 tph through the plant in the middle of the year and around 180 tph in December, these results were excellent.

"The last quarter (Q4) of 2020 was especially pleasing, with gross revenues of A$19.2m, operating profits of A$9.4m and net income of A$7.4m. This performance was largely due to the Hellyer plant throughtput rates increasing to 180 tph when permissible, noticeably reducing unit operating costs into an overall stronger commodity price environment."

-END-

About NQ Minerals

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.

For more information, please contact:

NQ Minerals plc

David Lenigas, Chairman

Adrian Moroz, Director and CFO

Media Enquiries

IFC Advisory Limited

Graham Herring / Tim Metcalfe

Tel: +44 (0) 203 934 6630 (United Kingdom)

Corporate Adviser

First Sentinel Corporate Finance Limited

Brian Stockbridge / Gabrielle Cordeiro

Tel: +44 (0) 207 183 7407 (United Kingdom)

Corporate Broker

VSA Capital Limited

Andrew Monk/Maciek Szymanski

+ 44 (0) 203 005 5000 (United Kingdom)

The Following section relates to NQ Minerals Plc's news releases distributed in the United States:

Cautionary Note to US Investors

The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. The Company may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.

Cautionary Note Regarding Forward-Looking Statements

$NQMLF in Good Position for 2021

2021-01-13T14:20:00.001-08:00

NQ Minerals hail 'record production' at flagship Hellyer Mine - now in 'very good position' for 2021

(Video Interview - Proactive Investors)

GO TO INTERVIEW

NQ Minerals a very active year for news and growth

(Interview - DirectorsTalk)

GO TO INTERVIEW

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 its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be viewed on NQ’s website at www.nqminerals.com.

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Level 5, 9 Beach Rd Surfers Paradise, Queensland 4227 Australia

$NQMFL $NQMIY - Production continues to improve and grow YoY

2021-01-12T07:23:00.001-08:00

NQ Minerals Plc

NQ Minerals 2020 Year End Operations Update

London listed NQ Minerals Plc (AQSE: NQMI, OTCQB: NQMLF, OTCQB:NQMIY), ("NQ" or the "Company") the base and precious metals producer from its 100% owned flagship Hellyer Mine ("Hellyer") and the 100% owner of the Beaconsfield Gold Mine, both in northern Tasmania, Australia, is pleased to announce its 2020 year-end operations update from the Company's 100% owned Hellyer Mine ("Hellyer") in Tasmania, Australia, to the 31 December and an update on its Beaconsfield Gold Mine.

NQ Minerals' Chairman, Mr David Lenigas, said.

"2020 was a highly successful and pivotal year for the Company, having seen our flagship Hellyer operations finally achieve production rates better than originally forecast from the original mine start-up plan. Hellyer's year end performance, and the revenue boosts associated with production rates of around 1.4 million tonnes per annum, were instrumental in securing a major US$55m debt refinancing package for Hellyer. Efforts to improve Hellyer's output will continue through 2021 and work there will move towards evaluating the potential of re-opening the underground operations. At our Beaconsfield Gold Mine, we await the receipt of the independent reserve assessment report and the economic model. Getting Beaconsfield operational is seen as an important driver for future revenues and profits."

Hellyer Operations Update:

Table 1: Hellyer Production Results by Quarter for 2020 and Full Year

Reconciled Production

2020

Full Year

2020

Lead Concentrate (tonnes)

9,565

11,865

8,762

8,127

38,319

Zinc Concentrate (tonnes)

5,583

4,585

4,241

4,609

19,019

2020 saw consistently improving production output at Hellyer, driven by a systematic plan that increased capacity at the plant to around 1.4 million tonnes per annum (mtpa) by year end. This throughput compares to the initial project steady state forecast of 1.2 mtpa and a revised throughput target of 1.5 mtpa planned for the end of Q1 2021. In addition, the Company completed its US$55 million debt refinancing package for the asset in December and secured Hellyer's concentrate off-take until end of mine-life for the tailings reprocessing operations.

Overall production for the 2020 comprised:

· Lead concentrates of 38,319 tonnes - up 53% from the previous year (2019 FY: 24,980 tonnes).

· Zinc concentrates of 19,019 tonnes - up 22% from the previous year (2019 FY: 15,646 tonnes).

Payable gross gold production for 2020 was 5,452 ounces and payable gross silver production was 1,106,440 ounces. These saleable precious metals reported to the lead and zinc concentrates.

Major New Hellyer Tailings Construction Project:

The long-term mining and processing plan called for the construction of a new tailings dam at the Hellyer operations. This new tailings dam (TSF2) will service the existing life-of-mine operations from the tailings retreatment project. In addition, this new dam will provide for additional tailings storage capacity in the emptied TSF1 dam for a potential re-opening of the Hellyer underground mining operations, where significant high-grade mineralisation still exists, as previously reported.

Construction of TSF2 commenced at Hellyer in Q4. Tailings deposition into Stage 1 of the new TSF2 is scheduled to start around the end of Q1 2021.The capital cost of Stage 1 TSF2, when completed, will be around Australian $16.7 million. This stage comprises both the earthworks of the first lift as well as the foundations and water management infrastructure for the fully completed dam. The completed TSF2 to final stage is estimated to cost around Australian $30 million in total and this has been budgeted for in Hellyer's financial model.

Figure 1: The new TSF2 tailings storage area under construction at Hellyer may be viewed via the following link: http://www.rns-pdf.londonstockexchange.com/rns/4445L_1-2021-1-12.pdf

Hellyer Reserves and Resources Update:

Independent consultants CSA Global (UK) Limited have completed a revised competent person's report (CPR) about Hellyer, dated 19/11/2020. The revised CPR includes an updated Mineral Resource and Ore Reserve estimate taking into account the depletion by way of mining and processing of 1,679,676 tonnes since the publication of the previous CPR dated 20 November 2017. The Reserves and Resources at Hellyer, as stated at end of August 2020, now stand at:

Table 2: Hellyer Mineral Resource Estimate (CSA Global CPR (2017) depleted to end Aug 2020)

JORC Classification	Gross						Net Attributable to Operator (NQ)
JORC Classification	Tonnage (Mt)	Zn %	Pb %	Ag g/t	Au g/t	Cu %	Tonnage (Mt)	Zn %	Pb %	Ag g/t	Au g/t	Cu %
Measured	1.55	3.44	3.45	98	2.71	0.2	1.55	3.44	3.45	98	2.71	0.2
Indicated	4.82	2.31	2.97	95	2.57	0.18	4.82	2.31	2.97	95	2.57	0.18
Inferred	1.21	1.00	2.60	86	2.57	0.19	1.21	1.00	2.60	86	2.57	0.19
Total	7.57	2.33	3.01	94	2.60	0.19	7.57	2.33	3.01	94	2.60	0.19

Note: No lower cut-off reporting grade has been applied. Differences may occur due to rounding. Datamine model: hel717md.dm.

Table 3: Hellyer, Mineral Resource Estimate - metal tonnes and ounces, gross total only, all attributable to NQM (CSA Global CPR (2017) depleted to end Aug 2020)

JORC Classification
JORC Classification	Tonnage	Zn (t)	Pb (t)	Ag (oz)	Au (oz)	Cu (t)
Measured	1,550,000	53,300	53,400	4,893,400	135,00	3,100
Indicated	4,820,000	111,300	143,000	14,634,500	398,600	8,600
Inferred	1,210,000	12,100	31,500	3,345,600	100,000	2,300
Total	7,570,000	176,700	228,000	22,873,600	633,600	14,000

Note: Metal tonnages and ounces rounded from calculated values.

Table 4: Hellyer TSF Ore Reserve Estimate (CSA Global CPR (2017) depleted to end Aug 2020)

		Gross
		Grade					Contained Metal
	Tonnage (Mt)	Zn %	Pb %	Ag g/t	Au g/t	Cu %	Zn (t) ('000)	Pb (t) ('000)	Ag (oz) ('000)	Au (oz) ('000)	Cu (t) ('000)
Proven	1.55	3.44	3.45	98	2.71	0.21	53.3	53.4	4,893	135	4.3
Probable	4.82	2.31	2.97	95	2.57	0.18	111.3	143.0	14,634	398	8.6
Total	6.37	2.58	3.09	96	2.60	0.19	164.6	196.4	19,527	533	12.9
		Net Attributable to Operator (NQ)
		Grade					Contained Metal
	Tonnage (Mt)	Zn %	Pb %	Ag g/t	Au g/t	Cu %	Zn (t) ('000)	Pb (t) ('000)	Ag (oz) ('000)	Au (oz) ('000)	Cu (t) ('000)
Proven	1.55	3.44	3.45	98	2.71	0.21	53.3	53.4	4,893	135	4.3
Probable	4.82	2.31	2.97	95	2.57	0.18	111.3	143.0	14,634	398	8.6
Total	6.37	2.58	3.09	96	2.60	0.19	164.6	196.4	19,527	533	12.9

Note: Mt and Zn, Ag, Au and Cu grades are rounded to two decimal places, Ag to the nearest whole number. Contained metal tonnes are reported to nearest hundred, and ounces to nearest thousand tonnes.

CSA Global, as part of their CPR and Ore Reserve estimate, also calculated that the NPV10 of Hellyer's tailings reprocessing activity is US$137.8 million before tax (using metal prices based on input assumptions from Consensus Economics (www.consensuseconomics.com) and current as of 21st September 2020). These prices comprised:

Table 5: Market Assumptions used in Hellyer Reserve NPV (CSA Global Aug 2020)

Year	Gold (US$/oz)	Silver (US$/oz)	Zinc (US$/mt)	Lead (US$/mt)
2020	1,929	24.21	2,259	1,861
2021	1,977	24.49	2,260	1,894
2022	1,847	21.33	2,276	1,930
2023	1,762	20.26	2,311	1,937
2024	1,672	19.75	2,371	1,926
2025	1,733	21.02	2,575	2,078
2026	1,733	21.02	2,575	2,078
2027	1,733	21.02	2,575	2,078

Note: Source Consensus Economics (www.consensuseconomics.com)

The revised CPR is available on the Company's website and can be accessed at: https://www.nqminerals.com/important-documents/

Beaconsfield Gold Mine Update:

NQ has commissioned independent consultants Pitt & Sherry in Tasmania, who are very familiar with the Beaconsfield mine when it was in operation up to the mine's closure in 2012, to calculate the gold reserves and provide an economic model from the previously reported JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces. This work is expected to be completed by the end of this quarter.

On the metallurgical front, detailed carbon loading analysis for the gold stripping circuit are awaited to finalise the full plant refurbishment and start-up costs and schedule.

Now that the Hellyer debt refinancing has been completed; the Company's focus will switch to getting Beaconsfield into gold production.

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.

-END-

About NQ Minerals

For more information, please contact:

NQ Minerals plc

David Lenigas, Chairman

Media Enquiries

IFC Advisory Limited

Graham Herring / Tim Metcalfe

Visual Capitalist Gold Link

Tel: +44 (0) 203 934 6630 (United Kingdom)

Corporate Adviser

First Sentinel Corporate Finance Limited

Brian Stockbridge / Gabrielle Cordeiro

Tel: +44 (0) 207 183 7407 (United Kingdom)

Corporate Broker

VSA Capital Limited

Andrew Monk/Maciek Szymanski

+ 44 (0) 203 005 5000 (United Kingdom)

The Following section relates to NQ Minerals Plc's news releases distributed in the United States:

Cautionary Note to US Investors

The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. The Company may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.

Cautionary Note Regarding Forward-Looking Statements

$NQMLF $NQMIY - Why you should buy mining Cos instead of Gold

2021-01-08T04:33:00.002-08:00

While Gold continues to fluctuate between 1800 2000 dollars per ounce, the question is whether you buy the physical asset or the companies that produce it. Now thanks to Visual Capitalist we have an answer. They have provided a graphic representation that shows why buying the miner is a good idea. With NQ Minerals diversified platform of performance having a mine that already produces Gold, Silver, Lead and Zinc and a second mine coming online early 2021 that is focused on gold production, the opportunity appears like a good one. $NQMLF has several other properties that are early stage, but how many 9 cent stocks do you know that will have 2 revenue producing mines with long histories of significant production? Here is a link to the Visual Capitalist piece. If you aren't subscribed to their newsletter, I encourage you to do so. Highly informative and very interesting presentations.

Women and Minority Led Businesses Losing Ground During the Pandemic

2020-12-31T06:53:00.016-08:00

We can’t let the crisis move back the hands of Progress
 
Over the years, business and capital investors have made strides in diversity investing. More women and POC firms have received funding than ever before. However, when difficult times roll in, and they always do, we revert back to the things we know. Capital investment is no different. It’s built in and it's something that needs to be overcome. There have been numerous studies showing women led organizations thriving in the so-called Man’s World and that diversity led groups have better success rates than non-diverse led groups. But,  what this pandemic proves is that we still need to be vigilant and aware that we can easily stray off the paths of equality. Recently, Pitchbook put out some research regarding venture funding as it related to women. Venture funding for female founders dropped 48% in Q3 vs. Q2. It has hit its lowest quarterly total in three years.
 
The total  VC investment level during this year hasn’t dropped. While I’m sure that money that might have been earmarked for new investments went to shoring up existing businesses, seeing the drop in women founded/run businesses shows the fragility of the space. So the question begs, “How do we adjust this trend so it doesn’t continue?” 

Free Consultation at Carpe DM Consulting 
 
I don’t have an absolute answer to this question. I’m not a venture capitalist. What I can tell you is what I am doing right now to mitigate my own biases. I’ve set up my company’s website (www.carpedminc.com) to let people book 30 minutes of my time for FREE. Women and minorities get priority. You book, you get my undivided attention. We listen to your problems and discuss solutions. That’s it. If you want more time, we will make more time for you. If you decide you need more than a 30 minute call can provide and you hire us, that’s great too. Right now, we want to help people succeed. If you want to see the details and charts of how the Pandemic has affected women led businesses, here is a link to the Pitchbook article:
https://pitchbook.com/news/articles/vc-funding-female-founders-drops-low

Book a free appointment at Carpe DM Consulting

$NQMLF $NQMIY - Mining Podcast Says NQ a Value play 2021

2020-12-21T05:08:00.000-08:00

VSA Capital Xmas Special Morning Miner

December 2020 (VSA Capital Morning Miner Xmas Podcast - excerpts)

Promising year ahead for commodities and NQ Minerals (4m 44sec) - Andrew Monk and Paul Renken discuss 2021 outlook

LISTEN TO PODCAST

About NQ Minerals

NQ Minerals operations are in Australia. NQ commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be viewed on NQ’s website at www.nqminerals.com.

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Level 5, 9 Beach Rd Surfers Paradise, Queensland 4227 Australia

$NQMLF $NQMIY = Plans to open Beaconsfield Beginning 2021

2020-12-08T05:12:00.002-08:00

NQ Minerals eyes ASX dual listing as it advances flagship Hellyer and Beaconsfield projects

DEC 7, 2020 - Video Interview (Proactive Investors)

The company's recently signed a US$55mln loan facility with ING. The funds will be used to retire all project debt maturing in 2020.

Lenigas also mentions Artemis Resources Ltd (ASX:ARV), Wishbone Gold PLC (LON:WSBN), Greatland Gold PLC (LON:GGP), Oracle Power PLC (LON:ORCP) as well as the upcoming ASX IPO for Rincon Resources.

WATCH VIDEO INTERVIEW

$NQMLF $NQMIY - Close Major Debt Refi - Saving over $3MM Per Annum in interest

2020-12-01T04:57:00.000-08:00

US$55 Million Hellyer Mine Debt Facility Closed with ING Bank

London, United Kingdom – 1 December 2020 – NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, OTCQB:NQMIY) (“NQ” or the “Company”) announces that its subsidiary Hellyer Gold Mines Pty Ltd (“Hellyer”) and ING Bank N.V. (“ING”) have signed a US$55 million loan facility (“ING Facility”). The Company’s intention with respect to this facility was previously announced by the Company on 10 August 2020.

The funds from the ING Facility are being used to immediately retire all project debt maturing in 2020. This project debt was secured over the assets of, and shares in, Hellyer, the Company’s tailings reprocessing project in Tasmania, Australia.

At the same time, Hellyer has signed life-of-mine marketing agreements with Traxys Europe S.A. (“Traxys”) for the purchase of all the metal concentrates to be produced from its tailings reprocessing activities.

The ING Facility has a 6-year duration with scheduled monthly amortization repayments of principal commencing in August 2021 and continuing until the final maturity date. A cash sweep mechanism, included in the facility, may require early repayment of principal from all or part of the surplus cash available from the Hellyer project activities.

The ING Facility is secured on a senior basis over the assets of Hellyer, which consist of the tailings reserves and the processing plant at the Hellyer site, as well as the shares in Hellyer, which is 100% owned by NQ. The facility agreement includes reporting, cash management, hedging, prepayment and covenant arrangements and obligations that are tailored for a debt facility of this nature. The Company’s existing intercreditor arrangements have been amended to accommodate the consequent changes to NQ’s lender group, as well as to its pre-existing security agreements and streaming arrangements.

The ING Facility bears an initial interest rate of Libor plus 6.5% p.a. which falls to Libor plus 6% p.a. once hedges have been executed and this is expected to generate interest savings for Hellyer of about US$3.4m per annum with immediate effect.

NQ Mineral’s Chairman, David Lenigas, said;

“The signing of this US$55 million facility with ING is a major milestone in NQ’s corporate evolution and bodes well for the future of our mining operations at Hellyer and elsewhere in Australia. The completion of this refinancing transaction allows us to both reduce funding costs and align funding maturities in line with mining operations.

“I would like to thank the many people, within ING, our project funders and NQ, as well as all the respective legal teams, who have worked tirelessly on closing this important facility. In particular, I would like to also thank the Traxys team who, in addition to their initial project funding of Hellyer and marketing the Hellyer concentrates, introduced the Company to ING and have assisted at each step in the refinance process.

“The ability to complete the agreement against a backdrop of the Covid 19 pandemic is a testament to the effort and excellent collaboration between each of the parties throughout the process.”

-END-

Competent Person’s Statement

About NQ Minerals

NQ Minerals operations are in Australia. NQ commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company is also planning to re- open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be found on www.nqminerals.com.

About ING

ING is a global financial institution with a strong European base, offering retail and wholesale banking services to customers in over 40 countries. Sustainability forms an integral part of ING’s strategy, evidenced by ING’s leading position in sector benchmarks by Sustainalytics and MSCI and our ‘A-list’ rating by CDP. ING Group shares are included in major sustainability and Environmental, Social and Governance (ESG) index products of leading providers STOXX, Morningstar and FTSE Russell.

ING Bank has more than 56,000 employees. As at 31 March 2020, ING had 39 million retail customers, with 13.4 million considered primary customers.

ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA. AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N). More detailed information can be found on www.ing.com.

For more information, please contact:

NQ Minerals plc

David Lenigas, Chairman

Colin Sutherland, Chief Financial Officer

Tel: +1 416 452 2166 (North America)

Media Enquiries

IFC Advisory Limited

Graham Herring / Tim Metcalfe

Tel: +44 (0) 203 934 6630 (United Kingdom)

Corporate Adviser

First Sentinel Corporate Finance Limited

Brian Stockbridge / Gabrielle Cordeiro

Tel: +44 (0) 207 183 7407 (United Kingdom)

Corporate Broker

VSA Capital Limited

Andrew Monk/ Maciek Szymanski

+ 44 (0) 203 005 5000 (United Kingdom)

The Following section relates to NQ Minerals Plc’s news releases distributed in the United States:

Cautionary Note to US Investors

The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. We may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements based on current expectations, estimates, forecasts, and projections, including those related to our growth strategy, mineral estimates and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to exploration, development and/or extraction; our ability to obtain, perform under, and maintain financing and strategic agreements and relationships; our ability to attract, integrate, and retain key personnel; global demand for mineral resources; our need for substantial additional funds; government regulation; as well as other risks. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

$NQMLF $NQMIY - Massive Uptick in Hellyer MIne Production

2020-10-13T05:26:00.001-07:00

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.”

Competent Person’s Statement

-END-

About NQ Minerals

NQ Minerals operations are in Australia. NQ commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be viewed on NQ’s website at www.nqminerals.com.

Experience vs. Profit

2020-10-12T10:23:00.001-07:00

I recently posted this picture on my Facebook page and the number of responses I received and the questions I was asked was simply astounding. During this strange time we are currently in, I've had the good fortune to speak with many of my friends about their current work situations and how they are feeling. Many of these folks have seen promotions go to younger much less qualified candidates. Some firms have asked their vets to help train their newly appointed leaders. I've seen this countless times over the course of my career. Its not new, but now when things are seemingly at their toughest, is it a smart move? Just so you know my reference point, I'm 54 years old and have been an independent consultant for almost 20 years now. One of the prevailing things I have heard and I've seen from businesses who are hiring employees and consulting firms is the idea of cost containment. Now you might think that bringing a fresh young face to do the job of your older, slightly wrinkled veteran is a great way to cut costs and boost profits. Maybe you're just starting up and think that having a group of high energy rookies who are adept at the latest and greatest tools like ClickUp, RocketReach, Slack, Hubspot etc is the way to go. But here is where I get back to my photo. I will bet there have been countless people who have driven by this type of mushroom and never once gave it a second glance. You probably didn't even notice it. Now you might be thinking well your obviously a forager so you know what to look for? I am by no means a professional forager, but I do have experience in picking a few choice things from my yard. You see here is where experience pays for itself far more than youthful exuberance. First, experience will tell you what to look for and how to find it. Once experience finds it, they will be able to assess its potential value. FWIW, this particular mushroom sells for $20/lb in the farmers market. Youthful exuberance might find this nugget faster or it may completely miss it. They may buy this nugget from a vendor and tell you that they found a truffle when in fact its really just a giant puffball. There are unseen costs to hiring inexperience in place of the experienced. This is not a knock on youth. I was once young as well. I was lucky enough to have experienced people above me to teach me the best way to manage the tasks I was given and eventually I learned to do them my own way, which was a more efficient way for me. When hiring people it might not be the guy who understands the latest version of whatever the latest greatest CRM might be that can spit out emails and reminders faster than the speed of light, who is your ideal fit. It might be the guy or gal with the gray hair who knows the right people to call or how to get the right people faster. Instead of thinking how much more it will cost, think of how much less you might lose. Crisis is a great equalizer, having experience on your side will help you far more than you realize.

$NQMLF $NQMIY -Interim 6 month earning report #gold #silver #lead #zinc

2020-09-30T06:10:00.000-07:00

NQ Minerals Plc

(the "Company" or "NQ Minerals")

Interim results for the six months ended 30 June 2020

London, United Kingdom - September 30 2020 - NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, US ADR OTCQB:NQMIY) ("NQ" or the "Company" or the "Group") is pleased to announce its interim financial results for the six months ended 30 June 2020 ("H1 2020").

The Company wishes to highlight the H1 2020 financial results represent the state of the Company before the Hellyer Mine's processing capacity was increased significantly. The Company announced on 2 July 2020 that processing rates increased to 150 tonnes per hour ("tph"), or the equivalent of over 1.2 million tonnes per annum ("Mtpa").

The Hellyer operations continued undergoing processing circuit modifications during Q3 2020, and production rates have been increased further to 165 tonnes per hour at the end of September 2020. To highlight this, the Company was pleased to report that an average annualised production rate of 1.23 Mtpa for the months of July and August 2020 has been achieved. This is a very significant increase from Q1 2020 performance of 0.905 Mtpa and Q2 2020 rates of 1.01 Mtpa and compares to 2019 Hellyer's full year plant throughput totalling 0.84 million tonnes (an average of 103 tph and 92% plant availability).

Highlights:

- During H1 2020, the Company produced 16,889 tonnes of lead concentrate and 8,850 tonnes of zinc concentrate, this represents a 66% and 19% increase in production respectively compared to H1 2019.

- During H1 2020, the Company generated £15.6 million in Revenue from concentrate sales and £5.3 million in Gross Profit which represents 10% and 58% increases respectively despite lead prices dropping from 2019 prices of approximately US$2,300 per tonne to below US$1,600 per tonne during H1 2020. Lead and Zinc prices have since recovered considerably in H2 2020 to date.

- In April, the Company announced first quarter of lead concentrate production totalling 8,127 tonnes and zinc concentrate production of 4,609 tonnes. Production rates were increased with further increases announced (see 28 September 2020 press release).

- In June, the Company announced the closing of the acquisition of the historic Beaconsfield Gold Mine in Tasmania, Australia.

- In August, the Company announced it has signed a commitment letter issued by ING Bank N.V. ("ING") for a US$55 million loan in respect to the refinancing of the Company's existing project debt.

- In September, the Company announced that it had successfully increased production and processing rates up to 165 tph and plans are being finalised to increase production further to 180 tph, the equivalent of 1.5 Mtpa.

Corporate

NQ has been active on several corporate initiatives which include enhancing the profile and visibility of the Company in the global capital markets space, diversifying our portfolio of assets, and moves to restructuring our diverse debt package that was initially put in place to fund the re-opening of the Hellyer operations.

The Company's shares are now traded in the USA through the OTC Markets. The Company now has an American Depository Receipt ("ADR") traded in the United States under the ticker NQMIY and the ordinary shares trade under the ticker NQMLF.

NQ believes that having an ADR traded in the United States will provide additional trading liquidity in the world's largest capital market. To further expand our global market presence, the Company has also engaged specialists DGWA in Germany to seek a listing on the Frankfurt Stock Exchange ("Börse Frankfurt").

In late February 2020, the Company signed a binding staged acquisition agreement totalling £1.05 million to purchase a 100% interest in the historic high-grade Beaconsfield Gold Mine in Tasmania and, after extensive due diligence, NQ took formal ownership of the mine in late June 2020. Beaconsfield is historically one of the richest gold mines in Tasmania, with past production totalling nearly 2 million ounces of gold from 1887 to 2012 at an average grade of nearly 15 grams per tonne gold. The Company plans to bring Beaconsfield back to gold production as soon as practicably possible.

In August 2020, the Company announced that ING Bank N.V. ("ING"), a leading global resources bank, committed to provide the Company with a US$55 million loan, subject to further conditions. This facility will allow the Company to repay Hellyer's early project debt and reduce the Company's interest expense by approximately US$2.5 million per annum.

Production

Hellyer Gold Mine - Tasmania, Australia

During the half year, the Company announced several record-breaking month-over-month production performances at Hellyer. These results built on the January 2020 Company announcement about record Hellyer production for the month of December 2019 and for the fourth quarter of 2019.

Production statistics for 2019 -2020 quarter vs quarter and 2019-2020 half vs half were as follows:

Reconciled Production	2020 Q1	2020 Q2	2019 Q1	2019 Q2	H1 2020	H1 2019
Lead Concentrate tonnes	8,127	8,762	4,712	5,452	16,889	10,164
Zinc Concentrate tonnes	4,609	4,241	3,015	4,416	8,850	7,431

These results reflect strong improvements in metal recoveries in both our lead and zinc concentrate circuits during the 2019 and 2020 year-to-date financial years.

In addition, continuous plant improvements and expansion plans saw plant throughput increase steadily throughout the year, and the mine managed to achieve production rates exceeding 1.2 million tonnes per year in the last days of June 2020, with further increases planned to 1.5 million tonnes per annum.

Production to date has focused primarily on getting the best out of the lead and zinc concentrate streams, with optimisation work continuing to show gradual and steady improvements.

With Hellyer's published JORC compliant Mineral Resource Estimated at 9.25 Mt (which is host to gold at 2.57 g/t for 764,300 oz, silver at 92 g/t Ag for 27,360,300 oz, lead at 2.99% for 276,600 tonnes and zinc at 2.57% for 217,400 tonnes), gold is the main in situ value metal. A number of opportunities to economically recover extra gold and silver from the Hellyer resource are being evaluated. Related studies are assessing process options, estimating capital and operating costs and establishing project execution approaches.

In the early part of 2020, to complement the Hellyer surface operations, NQ fortuitously managed to secure the rights to the exciting underground resources at Hellyer and exploration rights around Hellyer. In so doing NQ has significantly increased the lease area around Hellyer four- fold.

The acquisition of the underground mineral rights included 1.175 million tonnes of underground JORC Resources grading 8.6% zinc, 4.9% lead, 1.66 grams per tonne gold and 96 grams per tonne silver. These resources offer significant potential for increasing Hellyer's overall resources and add to the 10-year mine life of our current tailing's operations. The Company have identified several advanced exploration targets and plans to commence an exploration program to expand the known underground resources later in 2020.

New Mine Development

Beaconsfield Gold Mine - Tasmania, Australia

In February 2020, NQ announced an option agreement to acquire of all the Beaconsfield Gold Mine ("Beaconsfield") in Tasmania for £1.05 million. The acquisition includes the Beaconsfield Mining Lease, infrastructure, permitted tailings dam and a 350,000 tonne per year gold processing plant. Historic gold production at the Beaconsfield Gold Mine was in two main phases before ceasing operations in 2012 due to low commodity prices:

• 1877-1914 - 1.04 million tonnes for 855,000 ounces of gold (avg grade 25.6 g/t gold)

• 1999-2012 - 2.72 million tonnes for 920,000 ounces of gold (avg grade 10.5 g/t gold)

In May 2020, the Company announced (as part of its due diligence on the assets) a new Mineral Resource Estimate for the lower section of the Beaconsfield Mine, resulting in an increase in contained gold resources underground to 1.454 million tonnes grading 10.3 grams per tonne gold for 483,000 ounces of gold.

Beaconsfield Mine Mineral Resource Statement - 30th April 2020 Ordinary Kriging Grade Estimates Subdivided by Resource Category Above a Lower Cut-off Grade of 3g/t Au.
Resource Category	Tonnes kt	Gold Grade Au g/t	Contained Metals Au koz
Measured	485	11.4	177
Indicated	492	11.2	177
Inferred	477	8.4	129
Total	1,454	10.3	483

Importantly, this new Beaconsfield resource is only for the lower section of the mine from the 415m level down to the 1,500 vertical metres depth, and the ore body remains open at depth. The deepest hole returning 2.5m at 32.4 g/t gold. No resources have yet been calculated for the rich upper section of the mine, which was mined from 1877-1914.

NQ plans to re-open Beaconsfield by developing a new modern mine commencing with the development of a 3.6km decline access from surface to reconnect into the existing mine workings at the 430m level. The Company believes Beaconsfield offers a genuine opportunity to develop a high-quality gold asset in short order.

Exploration

Ukalunda Gold Project - Queensland, Australia

The 64.4km2 Ukalunda tenements, located 300km South from Townsville have excellent potential to host a gold deposit of size. There are multiple shows of mineralisation of similar characteristics to major deposits in the regions, such as the historic Wirralie Gold Mine, with its previously produced 1.1 million ounces of gold. The area is highly prospective for gold, silver and base metals. The Queensland Environmental Authority has now granted a mining lease for NQ's wholly owned Sunbeam Silver Mine ("Sunbeam"). The granting of the mining lease allows for a more active exploration effort at the historic Sunbeam Mine and further assessment of the multiple surface stockpiles which have been assessed to contain gold, silver, lead, zinc and antimony. The Company is currently working with its geological consultants to ascertain the true grade and tonnage available in the Sunbeam stockpiles with the view of monetising their value.

Square Post Gold Project - Queensland, Australia

The 168km2 Square Post licenses lie close to the main Flinders Highway only 50km south of the city of Townsville. The area is considered highly prospective for gold and is considered underexplored.

Safety & Environmental

The Company is determined and committed to making a positive impact in our communities. The Company continues to operate at the highest standards as it relates to Environmental, Community, Sustainability and Human Resource policies and procedures. The Company is committed to maintaining high performance standards and constantly strives to promote a culture of excellence that encourages our employees to exceed regulatory requirements for health, safety, community development and the environment. The Company reported no lost time due to accidents in H1 2020, which is a testament to all our teams.

Outlook

The Company has seen improvements on a month over month basis in production and mine site operating profits at the mine site level. The commencement of 2020 has continued on with operational success, with H1 2020 seeing production of lead concentrate totalling 16,889 tonnes and zinc concentrate production of 8,850 tonnes. This represents a dramatic improvement over H1 2019. In addition, Hellyer produced 2,304 ounces of gold and 460,388 ounces of silver during H1 2020 as precious metal credits in the lead and zinc concentrate streams.

The Company is implementing programmes to further enhance plant throughput at Hellyer in 2020. The Company has successfully achieved a new record rate of production at 165 tph through the plant and the Company continues to review ways to increase this further to 180 tph over the coming months.

The Company's new Beaconsfield Gold Mine acquisition provides the possibility for significant near-term cash flow from gold production. The new JORC resource of 1.454 million tonnes grading 10.3 grams per tonne gold for 483,000 ounces is a significant resource and could provide a stable low-cost operation for many years to come. The Company is working with its engineering consultants to bring the Beaconsfield Gold Mine back into production as soon as possible.

The Company is still in the final stages of finalising the debt facility having announced it has signed a commitment letter issued by ING Bank N.V. ("ING") for a US$55m loan in respect of the refinancing of the existing project debt. The new debt facility will better align future debt maturities with the cash flows generated from Hellyer, while resulting in a favourable decrease in interest costs to the Company.

NQ Minerals' Executive Chairman, Mr David Lenigas, said;

"In summary, the first half of 2020 saw dramatic improvements in our flagship Hellyer mining operations, and the second half should see even more improvements with respect to production, revenues and profits as we continue to move plant throughput higher. We have a lot to look forward in this second half of this year. We are all working diligently to close the ING debt refinancing deal we announced a few months back, and a successful close on this transaction will add tremendously to the strength of the Company. The re-opening of the famous high-grade Beaconsfield Gold Mine is also a very exciting opportunity the Company is working towards, as this event will add significant revenues and profits to NQ over the coming years. And finally, I would like to state very clearly that NQ is totally committed to seeking a listing of its shares on a senior ranked global stock exchange and we are all working hard towards this goal. There is a great deal for shareholders to look forward to in the short, medium and long term and I thank all shareholder, staff, government agencies, contractors, consultants, supplier and off-takers for their valued support during these difficult COVID-19 times."

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE HALF-YEAR PERIOD ENDED 30 JUNE 2020

	6 Months to	6 Months to	12 Months to
	30 June 2020	30 June 2019	31 December 2019
	£'000s	£'000s	£'000s

Revenue from contracts with customers	15,615	14,154	27,226
Cost of sales	(10,229)	(10,747)	(19,821)
Gross profit	5,386	3,407	7,405

Other income	-	-	22
Selling and distribution expenses	(3,566)	(2,496)	(4,720)
Administrative expenses	(5,577)	(10,484)	(18,434)
Operating loss	(3,757)	(9,573)	(15,727)

Finance costs	(14,351)	(8,311)	(20,921)
Finance income	23	(41)	19
Loss on ordinary activities before taxation	(18,085)	(17,925)	(20,902)

Taxation	430	332	689

Loss for the period	(17,655)	(17,593)	(35,940)

Other comprehensive income
Foreign exchange (losses)/gains	(549)	(306)	13

Total comprehensive loss for the period attributable to the owners of the Parent
	(18,204)	(17,899)	(35,927)

Loss per share (pence)	(5.25p)	(5.49p)	(10.94p)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2020

	As At	As At
	30 June 2020	31 December 2019
	£'000s	£'000s
Assets
Non-current assets
Exploration and evaluation assets	1,345	1,238
Inventory	15,672	15,889
Property, plant and equipment	21,292	19,925
Financial assets	1,074	1,326
Deferred tax assets	966	880
Other assets	450	-
Total non-current assets	40,799	39,258

Current assets
Inventory	4,808	4,435
Trade and other receivables	3,591	3,387
Cash and cash equivalents	2,287	1,489
Total current assets	10,686	9,311
Total assets	51,485	48,569

Equity and liabilities
Equity attributable to owners of the Parent
Ordinary shares	347	330
Share premium	16,894	15,781
Unissued capital reserve	3,879	3,879
Share option reserve	6,815	7,124
Other reserve	885	267
Group reorganisation reserve	(6,996)	(6,996)
Translation reserve	(487)	(399)
Merger relief reserve	7,171	7,171
Accumulated losses	(101,739)	(83,535)
Total equity	(73,231)	(56,378)

Non-current liabilities
Financial liabilities	90,282	57,950
Provision for rehabilitation	3,986	4,043
Deferred tax liabilities	5,891	5,971
Total non-current liabilities	100,159	67,964

Current liabilities
Trade and other payables	16,493	12,332
Financial liabilities	5,275	22,696
Convertible notes	2,789	1,955
Total current liabilities	24,557	36,983
Total liabilities	124,716	104,947

Total equity and liabilities	51,485	48,569

Post Balance Date Events

No matters or circumstances have arisen since the end of the financial year which significantly affected, or may significantly affect, the operations of the Company, the results of those operations, or the state of affairs of the company in future financial years.

Likely developments in the operations of the Company, and the expected results of those operations in future financial years, have not been included in this report as the inclusion of such information is likely to result in unreasonable prejudice to the Company.

· NQ Minerals US$55 million Debt Restructuring with ING Bank

· NQ Minerals Appoints European Investor Relations Advisor

· Proposed Senior Stock Exchange Listing

On behalf of the board

Mr David Lenigas

Chairman

September 2020

The financial information for both the six months ended 30 June 2020 and the six months ended 30 June 2019 has not been audited. The financial information contained in the interim report does not constitute statutory accounts as defined in Section 434 of the Companies Act 2006.

The principal accounting policies of the Group are consistent with those detailed in the 31 December 2019 financial statements, which are prepared in accordance with International Financial Reporting Standards (IFRSs), as adopted by the European Union"

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.

-END-

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 its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be viewed on NQ's website at www.nqminerals.com.

For more information, please contact:

NQ Minerals plc

David Lenigas, Chairman

Colin Sutherland, Chief Financial Officer
colin.sutherland@nqminerals.com

Tel: +1 416 452 2166 (North America)

Media Enquiries

IFC Advisory Limited

Graham Herring / Tim Metcalfe

Tel: +44 (0) 203 934 6630 (United Kingdom)

Corporate Adviser

First Sentinel Corporate Finance Limited

Brian Stockbridge / Gabrielle Cordeiro

Tel: +44 (0) 207 183 7407 (United Kingdom)

Corporate Broker

VSA Capital Limited

Andrew Monk/Maciek Szymanski

+ 44 (0) 203 005 5000 (United Kingdom)

The Following section relates to NQ Minerals Plc's news releases distributed in the United States:

Cautionary Note to US Investors

The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. The Company may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements based on current expectations, estimates, forecasts, and projections, including those related to our growth strategy, mineral estimates and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to exploration, development and/or extraction; our ability to obtain, perform under, and maintain financing and strategic agreements and relationships; our ability to attract, integrate, and retain key personnel; global demand for mineral resources; our need for substantial additional funds; government regulation; as well as other risks. The Company expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

$NQMLF $NQMIY - Announces Significant Increased Production Rate

2020-09-28T19:53:00.001-07:00

Hellyer Production Rate Significantly Increased

London, United Kingdom – September 28, 2020 – NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, US ADR OTCQB:NQMIY) (“NQ” or the “Company”) is pleased to announce that the Company’s flagship Hellyer Mine in Tasmania, Australia, has successfully increased production and processing rates up to 165 tonnes per hour (“tph”) and plans are being finalised to increase production further to 180 tph (about 1.5 million tonnes per annum (“Mtpa”)).

As previously announced, the operations have been undergoing processing circuit modifications since the end of June 2020 and this work has since achieved an average annualised production rate of 1.23 Mtpa for the months of July and August 2020. This is a very significant increase from Q1 2020 performance of 0.905 Mtpa and Q2 2020 rates of 1.01 Mtpa and compares to 2019 Hellyer’s full year plant throughput totalling 0.84 million tonnes (an average of 103 tph and 92% plant availability).

During this transition to higher production rates, it has become evident that production levels in excess of 1.2 Mtpa might be possible, and as a consequence NQ Minerals has agreed with Hellyer management to continue this throughput increase initiative and associated investment with a view to a revised long term maximum production target of 1.5 Mtpa.

NQ Minerals’ Executive Chairman, Mr David Lenigas, said;

“This is an outstanding result for our Hellyer Operations. The Board and I are highly impressed by the systematic and pragmatic approach taken by the Hellyer management and site staff in preparing for and then delivering this program to increase throughput at Hellyer. We have seen very significant improvements in a relatively short period of time and this significant increase in performance is well ahead of our original mining and processing schedule and has been completed with minimal capital outlay. The opportunity to continue this initiative and further increase our lead and zinc concentrates output will certainly improve financial returns and manage our business risk.”

Competent Person’s Statement

-END-

About NQ Minerals

NQ Minerals operations are in Australia. NQ commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be viewed on NQ’s website at www.nqminerals.com.

For more information, please contact:

NQ Minerals plc

David Lenigas, Chairman

Colin Sutherland, Chief Financial Officer

Tel: +1 416 452 2166 (North America)

Media Enquiries

IFC Advisory Limited

Graham Herring / Tim Metcalfe

Tel: +44 (0) 203 934 6630 (United Kingdom)

Corporate Adviser

First Sentinel Corporate Finance Limited

Brian Stockbridge / Gabrielle Cordeiro

Tel: +44 (0) 207 183 7407 (United Kingdom)

Corporate Broker

VSA Capital Limited

Andrew Monk/Maciek Szymanski

+ 44 (0) 203 005 5000 (United Kingdom)

The Following section relates to NQ Minerals Plc’s news releases distributed in the United States:

Cautionary Note to US Investors

The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. We may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements based on current expectations, estimates, forecasts, and projections, including those related to our growth strategy, mineral estimates and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to exploration, development and/or extraction; our ability to obtain, perform under, and maintain financing and strategic agreements and relationships; our ability to attract, integrate, and retain key personnel; global demand for mineral resources; our need for substantial additional funds; government regulation; as well as other risks. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

$NQMLF $NQMIY #Checkout Corporate Presentations

2020-09-10T05:06:00.004-07:00

New NQ Minerals Corporate Presentation

London, United Kingdom – September 10 2020 – NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, US ADR OTCQB:NQMIY) (“NQ” or the “Company”) announces the release of a new NQ Minerals corporate presentation.

Please review the updated presentation by clicking the button below.

Corporate Presentation

$NQMLF $NQMIY - To Present at US Investor Conference at John Tumazos Very Independent Research Conference

2020-09-09T15:34:00.001-07:00

https://attendee.gotowebinar.com/register/7904120121056131851

NQ to Present at US Investor Conference

Thursday 10 September at 4pm (EST)

NQ Minerals Plc announces that it will be presenting at John Tumazos Very Independent Research’s conference in New Jersey via webinar on Thursday 10 September at 4pm (EST) which is 9pm UK time.

We invite all those who are interested in learning more about NQ Minerals and our current projects to please join us!

To register for NQ Minerals Plc & John Tumazos Very Independent Research, LLC webinar on Sep 10, 2020 4:00 PM EDT, please follow the link below.

After registering, you will receive a confirmation email containing information about joining the webinar.

We hope to have you join us!

About NQ Minerals

NQ Minerals operations are in Australia. NQ commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be viewed on NQ’s website at www.nqminerals.com.

For more information, please contact:

NQ Minerals plc

David Lenigas, Chairman

Colin Sutherland, Chief Financial Officer

Tel: +1 416 452 2166 (North America)

Media Enquiries

IFC Advisory Limited

Graham Herring / Tim Metcalfe

NQ Minerals David Lenigas Interview

Tel: +44 (0) 203 934 6630 (United Kingdom)

Corporate Adviser

First Sentinel Corporate Finance Limited

Brian Stockbridge / Gabrielle Cordeiro

Tel: +44 (0) 207 183 7407 (United Kingdom)

Corporate Broker

VSA Capital Limited

Andrew Monk/Maciek Szymanski

+ 44 (0) 203 005 5000 (United Kingdom)

The Following section relates to NQ Minerals Plc’s news releases distributed in the United States:

Cautionary Note to US Investors

The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. We may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements based on current expectations, estimates, forecasts, and projections, including those related to our growth strategy, mineral estimates and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to exploration, development and/or extraction; our ability to obtain, perform under, and maintain financing and strategic agreements and relationships; our ability to attract, integrate, and retain key personnel; global demand for mineral resources; our need for substantial additional funds; government regulation; as well as other risks. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

$NQMLF $NQMIY Chairman Discusses Recent "Golden Opportunity" for NQ MInerals

2020-08-26T07:06:00.001-07:00

Here is a link to a recent interview done by NQ Minerals Plc Chairman David Lenigas.

$NQMLF $NQMIY - Digging for Gold - Plans to Begin Mining Operations at Hellyer - Targets Indentified

2020-08-25T04:42:00.002-07:00

Rich Hellyer Mine Underground Potential Highlighted

Exploration to Resume for High-Grade Base Metal-Gold deposits at Hellyer Mine after 10-Year Hiatus

London, United Kingdom – August 25, 2020 – NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, US ADR OTCQB:NQMIY) (“NQ” or the “Company”) announces that it plans to break a 10-year hiatus in exploration work at its highly prospective Hellyer Project, located in the Mt Read Volcanic Belt; a geological terrain in NW Tasmanian renowned for large scale and high-grade polymetallic (copper-lead-zinc-silver-gold) deposits.

The Hellyer deposit was a large scale, very high-grade lead-zinc mine. Past production under Aberfoyle (1986 – 2000) totalled 16.5 million tonnes at 13.9% zinc, 7.2% lead, 0.4% copper, 167 g/t silver and 2.5 g/t gold and under Bass Metals (2010-2012) totalled 0.5 million tonnes at 7.8% zinc, 4.2% lead, 0.3% copper, 101 g/t silver and 1.7 g/t gold from the Fossey Mine. There has been no exploration work undertaken on the Hellyer Mine Lease since underground mining operations ceased in mid-2012.

NQ is currently producing lead and zinc concentrates (with significant gold and silver credits) by reclaiming the Hellyer Mine tailings generated from the former mining operations and processing through the Hellyer concentrator plant at the rate of over 1.2 million tonnes per annum.

Since acquiring the exclusive rights to the underground resources at Hellyer from Bass Metals Ltd on 7 January 2020, NQ has commenced interrogating a high-quality data set acquired from Bass. It is clear that work essentially ceased ‘mid-stream’ in early 2012 and left several significant ‘open’ targets’ at a time when Bass was at the cusp of gaining a greater understanding of the key ore-deposit indicators. This follows their discovery of the Fossey deposit only 150 metres south of the large-scale Hellyer deposit, but in the footwall zone, below the classic ‘Hellyer ore position’, where the majority of exploration was targeted for the previous 30 years.

Ten years later, with the benefit of significantly more advanced exploration tools, specifically more powerful geophysical techniques, NQ has commenced a systematic review of these targets, focused initially on ‘prioirty-1’ areas, namely in close proximity to the known deposits and existing mine infrastructure.

NQ Minerals’ Executive Chairman, Mr David Lenigas, said;

“There is now significant potential to define new and extensive high-grade mineralisation at Hellyer, one of the world’s great polymetallic high-grade mines. We are operating in one of the mostly highly mineralised geological terrains in the world and we have a golden opportunity to continue Bass’s work from 2012 to build-up the existing significant underground resource inventory and extend the Hellyer mine life to underpin this operation for a very long time. The tailings reprocessing Phase 1, now running at over 1.2 million tonnes per year, has another 8 years to run with its current lead/zinc strategy and will generate significant cash flow for the Company, but it’s a finite resource. Stage 2 of the current operations will focus on recovering the significant gold and silver inventory in the tailings, but metallurgical test work continues with respect to this next phase of tailings reprocessing. To move Hellyer back into underground mining is a logical and natural progression, especially considering we have the Hellyer plant fully operational.”

Mineralisation on the Hellyer Mine Lease comprises massive base metal sulphide lenses within the core of a broadly folded volcanic-sedimentary sequence which plunges to the north-northeast. As the mineralisation generally does not outcrop, geophysics has played a vital part in mineral discoveries in the Hellyer region and down-hole electromagnetics (DHEM) is a core technique. NQ has now completed a first pass review of historical DHEM data for 8 surveyed drill holes in the priority-1 area. Remodelling work of the DHEM undertaken by Southern Geoscience, with input from former Hellyer geologists, has highlighted the significant enhancement in modelling software, and has identified four high priority targets/zones (Target 1 to 3B), which warrant follow-up exploration work, as presented in Figure 1, and represent significant potential for further base metals discoveries.

Geophysical Modelling Outcomes

The four high priority target zones to be followed up were identified in areas of known mineralisation and or significant alteration near the prospective ‘ore-forming’ stratigraphic horizon adjacent to the Hellyer underground mine envelope.

The modelled targets comprise ‘plates’ representing modelled conductive bodies, potentially massive base metal sulphide lenses. Due to constraints imposed by the data from historical surveys, the modelled plates are not well ‘constrained’ in terms of 3-D spatial co-ordinates, which is essential for efficient follow up drill testing. A number of potential model scenarios are presented, and spatial/geometry variance is currently high without further modern, high powered DHEM surveying efforts and re-modelling.

The following notes provide a summary overview of the high priority targets modelled:

Target 1 is associated with an extensive zone of alteration which hosts the McKay Prospect discovered in July 2011 – 7 metres at 22.3% Zn, 9.9% Pb, 0.7% Cu, 181 g/t Ag and 3.4 g/t Au. This intercept was in HLD 1030, which is the drill hole utilised for the DHEM which generated the modelled target-plates illustrated in Figure 2, as well as an ‘in-hole’ conductor representing the mineralisation intersected. Follow-up drilling at the time around this intercept failed to significantly extend this very high-grade massive base metal sulphide lens but did extend the zone of prospective alteration. The modelled plates, within the extensive alteration zone, highlight the potential for a significant mineralised body associated with this McKay zone mineralisation (Refer Figure 2).
Target 2 is a high priority target located immediately southwest of the Hellyer deposit. The modelled plates based on DHEM survey of HLD975, occur within prospective stratigraphy with anomalous geochemistry and strong alteration – in close proximity to both the Fossey and Hellyer mine development (Refer Figure 3).
Targets 3A and 3B both occur within the historical Switchback Prospect where a large-scale alteration system and several mineralised intercepts were recorded. This area has also yielded highly encouraging trace element and isotope data indicating the presence of volcanogenic massive sulphide (VMS) mineralisation. Due to structural complexities, the original source for high-grade VMS clasts intersected previously such as in HED012 (4.85 metres at 1.6% Zn, 1.2% Pb, 18 g/t Ag and 0.9 g/t Au) has never been found; if preserved this represents an exciting base metal sulphide target.
Targets 4 is a lower priority target zone occurring in the interpreted hanging wall to the main Hellyer ‘ore-position’ at depth to the north of the Hellyer deposit.
Target 5 is also a lower priority target to the north of Hellyer – requiring additional interpretive work prior to any further assessment of this deep target zone.

Next Steps

NQ is planning a major program to assess these preliminary modelled targets which is planned to include:

Assessing the condition of each of the DHEM surveyed drill holes and possibly neighbouring holes to be able to re-enter and case with PVC to the required depth. The PVC casing is necessary to protect the DHEM probe which is lowered into the drill hole and costs ~$100,000 to replace if the hole collapses and it cannot be recovered.
As required, clear the drill hole utilising a small drill rig and case with PVC pipe.
Resurvey and clear lines at surface to enable wire loop arrays (several kilometres in length) to be laid out on the ground as part of the new DHEM survey – for each target zone.
Mobilise geophysical contractor to Hellyer to undertake the DHEM surveys.

There have been significant enhancements to DHEM equipment since the last DHEM surveys were run at Hellyer approximately 10 years ago. This creates a new and very exciting opportunity for NQ to leverage off major technical advances to better resolve spatially any potential targets and execute better targeted follow-up drilling if warranted. This includes:

Utilising much higher electrical power/current inputs to penetrate far deeper into the ground to detect any conductive bodies at greater distances from exploration drill holes;
Optimised Electro-Magnetic (“EM”) loop arrays to get better 3-D resolution of any conductive units identified – through varied coupling scenarios;
Access to significantly enhanced modelling software to also resolve the position and dimensions of any modelled plates; and
Working in the context of an updated geological target model which extends deeper below the traditional ‘ore-horizon’ such as hosts the new Fossey and McKay discoveries.

NQ plans to undertake this work program on site in the Australian Spring, possibly commencing October-November 2020, depending on rig and crew availability.

These technological advantages coupled with the important geological advances achieved by Bass, pre 2012, makes for a compelling exploration opportunity. There are further targets to follow-up, but those targets discussed were selected due to their proximity to existing mining and processing infrastructure leading to rapid development should they be proved up. Insights gained from these first four targets will be applied to other currently lower priority targets.

Competent Person’s Statement (NQ Minerals Plc)

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About NQ Minerals

NQ Minerals operations are in Australia. NQ commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be viewed on NQ’s website at www.nqminerals.com.

For more information, please contact:

NQ Minerals plc

David Lenigas, Chairman

Colin Sutherland, Chief Financial Officer

Tel: +1 416 452 2166 (North America)

Media Enquiries

IFC Advisory Limited

Graham Herring / Tim Metcalfe

Tel: +44 (0) 203 934 6630 (United Kingdom)

Corporate Adviser

First Sentinel Corporate Finance Limited

Brian Stockbridge / Gabrielle Cordeiro

Tel: +44 (0) 207 183 7407 (United Kingdom)

Corporate Broker

VSA Capital Limited

Andrew Monk/Maciek Szymanski

+ 44 (0) 203 005 5000 (United Kingdom)

The Following section relates to NQ Minerals Plc’s news releases distributed in the United States:

Cautionary Note to US Investors

The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Any estimates of mineral resources shown in this press release or on NQ Minerals PLC's website have been prepared in accordance with definition standards of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves produced by the Australasian Joint Ore Reserves Committee, which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. We may use certain terms which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements based on current expectations, estimates, forecasts, and projections, including those related to our growth strategy, mineral estimates and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to exploration, development and/or extraction; our ability to obtain, perform under, and maintain financing and strategic agreements and relationships; our ability to attract, integrate, and retain key personnel; global demand for mineral resources; our need for substantial additional funds; government regulation; as well as other risks. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

$NQMIY $NQMLF - NQ Minerals Adds more gold to their coffers - Beaconsfield Mine moving towards operations by year end

2020-08-18T06:31:00.003-07:00

$NQMLF $NQMIY $NQMI - NQ Minerals continues to execute on its plans for growth and building a tremendous asset base. With Gold continuing to hover around $2000 per ounce, this continues to be an undiscovered nugget. In a little more than two years they've turned on Hellyer Mine and working on opening Beaconsfield by the end of year.

New High-Grade Gold Potential at Surface at Beaconsfield

London, United Kingdom – August 18, 2020 – NQ Minerals Plc (AQSE:NQMI, OTCQB:NQMLF, OTCQB:NQMIY) (“NQ” or the “Company”) announces that the average grade to date of 3.2 grams per tonne of gold has been returned from extensive surface stockpiles located on the Company’s 100% owned Beaconsfield Gold Mine (“Beaconsfield”) in Tasmania, Australia.

Whilst work is underway for the refurbishment of Beaconsfield’s 350,000 tonne per year capacity gold processing plant, the NQ geology team has embarked on an exploration programme of the multiple surface stockpile sites located within the wider Beaconsfield mining lease, to identify initial ore feed for the plant for when the plant becomes operational around the end of this year.

A new and exciting development for NQ has been the discovery that excellent gold grades exist in approximately 80,000 tonnes of surveyed stockpiles in the area called the historic Wetlands area, that are due east of the Beaconsfield townsite.

To date, 105 samples taken from these stockpiles have returned an average gold grade of 3.2 grams per tonnes of gold. Sampling will continue over the entire stockpile sites, to determine the full extent of the contained gold in this area. There is potential to expand this area of interest considerably over the coming months and full tonnage and grade results will be published when this exploration work is completed.

Initial metallurgical gold recovery test work also indicates standard Carbon-in-Leach (“CIL”) recoveries of between 83% - 90% can be achieved with relatively short residence times of less than 12 hours. The Beaconsfield processing plant is equipped to treat the material with its CIL circuit. The material does not require crushing or grinding due to its very fine composition.

About the Beaconsfield Gold Mine

The Beaconsfield Gold Mine has historic recorded production of c.1.8 million ounces of gold averaging c.15 grams per tonne (c.1⁄2 ounce per tonne). NQ acquired Beaconsfield in June 2020 and the Company plans to re-open the mine operations as soon as practicably possible.

On May 7, 2020, NQ also announced a new JORC (2012) compliant Mineral Resource Estimate of the lower section of the Beaconsfield Gold Mine of 1.454 million tonnes grading 10.3 grams per tonne (g/t) for 483,000 ounces of gold. Significant additional gold potential is still to be assessed in the upper section of the old Beaconsfield Mine (Tasman Reef) workings and its parallel unexplored reefs, plus the orebody remains open at depth.

NQ Mineral’s Chairman, David Lenigas, said; “The revelation that significant gold exists in these stockpiles is a tremendous boost for the Company’s Beaconsfield Gold Mine re-opening plans. Our engineers are now working on budgets and timelines to bring the Plant’s CIL circuit back on-line as soon as possible to treat this material. These high-grade surface stockpiles are only a short trucking distance from the plant and will provide valuable low-cost high revenue plant feed much sooner than we originally envisaged. The removal of these stockpiles from the Wetlands area will also be the start of a process of rectifying a long standing environmental issue in the town by cleaning up old mine waste placed in this area over the last 120 odd years and returning the area back to its natural pre-mining state.”

Competent Person’s Statement (NQ Minerals Plc)

The information in this report that relates to the Beaconsfield 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.

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About NQ Minerals

NQ Minerals operations are in Australia. NQ commenced base metal and precious metal production in 2018 at its 100% owned flagship Hellyer Gold Mine in Tasmania. Hellyer has a published JORC compliant Mineral Resource estimated at 9.25 Mt which is host to Gold at 2.57 g/t Au for 764,300 oz Au, Silver at 92 g/t Ag for 27,360,300 oz Ag, Lead at 2.99% Pb for 276,600 tonnes and Zinc at 2.57% Zn for 217,400 tonnes. In addition to these resources, the Hellyer assets include a large mill facility and full supporting infrastructure, including a direct rail line to port. The Company is also planning to re-open the historic high-grade Beaconsfield Gold Mine in Tasmania, which has a JORC (2012) compliant Mineral Resource Estimate of 1.454 Mt at 10.3 g/t Au for 483,000 ounces of gold. Regular updates on the progress of the Hellyer Gold Mine and Beaconsfield can be found on www.nqminerals.com.

For more information, please contact:

NQ Minerals plc

David Lenigas, Chairman

Colin Sutherland, Chief Financial Officer

Tel: +1 416 452 2166 (North America)

Media Enquiries

IFC Advisory Limited

Graham Herring / Tim Metcalfe