Commenting, Brian Stockbridge, Non-Executive Chairman of NQ Minerals said:
“This agreement completes our marketing arrangements for the Hellyer project and reinforces the strong partnership NQ Minerals has developed with Traxys.”
Further to the announcement on 12th November 2018, NQ Minerals Plc (NEX: NQMI; OTCQB: NQMLF), a London listed company with Australia based exploration and mining assets, is pleased to announce it has entered into an additional marketing and off-take agreement with Traxys Europe S.A.
The marketing and offtake agreement relates to the sale of all the precious metal and pyrite concentrate to be produced from NQ Minerals’ Hellyer Project located in Tasmania and covers the first 5 years of concentrate production. The agreement includes the facility for prepayment against concentrate deliveries and provides Hellyer with access to Traxys’s extensive global network and experienced marketing and distribution team.