NQ Minerals Plc (NEX:NQMI), the base and precious metals producer from its flagship Hellyer Gold Mine in Tasmania, Australia, today advised that further to the news release of 7 January 2020, that Mineral Resources Tasmania has approved the transfer of the 100% rights to the 46 km2 Mt Block permit (EL48/2003), which surrounds the Hellyer Mining Lease. NQ purchased the Mt Block from Bass Metals Ltd.
David Lenigas, Chairman of NQ Minerals, commented:
“This is a very positive development for the Company as the Mt Block increases NQ’s license holding three-fold around the Hellyer Mine. This tenement is underexplored and has the potential to host new mineralisation close to NQ’s Hellyer processing plant.”