NQ Minerals Submits Draft Prospectus To Regulator As Seeks LSE Listing

(Alliance News) - NQ Minerals PLC on Monday said it has submitted a draft prospectus to the UK ...

Alliance News 18 January, 2021 | 4:51PM
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(Alliance News) - NQ Minerals PLC on Monday said it has submitted a draft prospectus to the UK Financial Conduct Authority for approval, as it seeks a listing on the main market of the London Stock Exchange.

The precious metals producer said its shares are currently traded on the London AQUIS exchange and on the US OTC Markets, and this is anticipated to continue.

NQ Minerals' flagship mining operation is the Hellyer gold mine in northern Tasmania, Australia. Hellyer produced 38,391 tonnes of lead concentrates and 19,019 tonnes of zinc concentrates for 2020.

NQ Minerals also owns the Beaconsfield gold mine in northern Tasmania, which has a published mineral resource estimate of 1.454 million tonnes. The company said it is working towards bringing the Beaconsfield mine into production in 2021.

"We are delighted to announce our potential intention to list our company on the London Stock Exchange. It has been the stated intention of the company to seek to have its shares traded on a recognised global tier-1 stock exchange for some time, and the decision has now been made to apply to have the company's shares traded on the London Stock Exchange," said Chair David Lenigas.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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