DISCLAIMER The information contained in this presentation is for informational purposes only and is not a recommendation as to whether to invest in NQ Minerals plc shares. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Unless otherwise specified, data and tables set out in this presentation are based on NQ Minerals plc management estimates. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of NQ Minerals plc or, its directors, or any of their employees or agents, nor any other person accepts any liability, including without limitation, any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, projections, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Past performance is no guarantee of future performance. This presentation includes “forward -looking statements” within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, “objectives”, “outlook”, “guidance” or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of NQ Minerals plc, and any of their officers, employees, agents or associates. Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Readers arecautioned not to place undue reliance on forward-looking statements and NQ Minerals plc assume no obligation to update such information. COMPETENT PERSONS REPORT The Resource information in this report is based on information (third party consultants) compiled by Mr. Roger Jackson who is a 20+ year Member of the Australasian Institute of Mining and Metallurgy 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 resource reports referenced in this presentation on the matters, form and context in which the relevant data appears.
Summary Over 12 months of Production – Lead, Zinc, Gold, Silver, Pyrite Concentrates + 10 Year Mine Life Robust Cash Flow – Sales to Global Markets Proven Track Record – Experienced Management Strategic Entry to Complementary EV Metals – Nickel Cobalt Pipeline of Projects
NQ NQ Mine nerals s - Ti Timelin eline Lead Zinc Nickel NQ Minerals NQ Minerals Gold Silver Pyrite Cobalt Pty Ltd PLC Australian Chester Company Pyrite Incorporation Project Listing Upgrade Sept July May 2013 Refurbishment Production Optimization 2021 2019 2014 2015 2016 2017 2018 2020 100% Owned Subsidiary Finance Re-Finance NORTH QLD ASSETS SQUARE UKALUNDA POST Gold & Gold Base Metals
NQ Minerals – Hellyer Gold Mine Fully Operating Mine Selling to Global Markets JORC Reserves
NQ NQ Mine nerals s - Op Oper eratio tions https://www.youtube.com/watch?v=0u18YAz8hXc
NQ NQ Mine nerals s – Qu Quart arterly rly P & P & L Hellyer 2019 Profit and Loss Breakdown Quarterly
NQ NQ Mine nerals s – Lead ad Recovery ry Monthly Lead Recovery 2019
NQ NQ Mine nerals s – Zi Zinc c Recovery ry Monthly Zinc Recovery 2019
NQ NQ Mine nerals s – Lead ad & & Zi Zinc nc Prod oduct ction ion Lead & Zinc Production 2019
Helly Hel lyer r + Ba + Barn rnes s Hi Hill Ni Nick ckel Complementary – Str trategic Value Add HELLYER + + BARNES HIL ILL HELLYER Le Lead + + Zi Zinc Con oncentrate Lead + Lea + Zin inc Con oncentrate Su Sulp lphuric Acid cid Pyr yrit ite Con onc. (Su (Sulphur) Accelerating Returns Gold Go ld + + Si Silv lver Do Dore Gold Go ld + + Si Silv lver in in Con onc. Ir Iron Ore Ir Iron Con ontent as as Waste Ni Nickel + + Cob obalt
Ba Barn rnes s Hi Hill – Nick Nickel Co Cobalt lt in n Tasm sman ania ia Integrated – Strategic Excellent development and operational synergies with Hellyer. Integrated facility to utilise the pyrite produced from the Hellyer Mine at Bell Bay in co-production with nickel and cobalt. The facility would enable NQ to recover the precious and base metals contained in its pyrite/precious metals concentrate. Sulphuric acid goes from the single biggest operating cost to a profit generator. Transport from Hellyer/Barnes Hill to Bell Bay
Ba Barn rnes s Hi Hill – Nick Nickel Co Cobalt lt in n Tasm sman ania ia Resources - already drilled and understood Total JORC Resource now over 14Mt. Mining area already drilled to 50m centres with 12.5m traversing line (716 holes at Barnes Hill, 63 at Scotts Hill & Mt Vulcan) Mine Reserve previously issued for Barnes Hill and new JORC resources issued in 2019 PFS Q2 2020
Barnes Hill – Prefeasibility (PFS) Parameters PFS – Q2 2020 PFS to be completed Q2 2020 Drilling & new JORC Resources completed Metallurgical testwork underway (due Dec 2019) New Mine Reserve to be estimated (due Jan 2020) Engineering underway (due Feb 2020) Polymetallic outputs providing hedge over the whole commodity cycle
Barn Ba rnes s Hi Hill – Nick Nickel Co Cobalt lt in n Tasm sman ania ia Free Digging Nickel Ore • Simple open-pit mining from surface. Maximum ore depth 25-30m allowing limited banking and rolling production. • Nickel-cobalt ore from surface, including exposed ore in area of brownfield historical chromite mine. Ore is free digging with no blasting required
Ba Barn rnes s Hi Hill – Nick Nickel Co Cobalt lt in n Tasm sman ania ia Infrastructure and Future Nickel Imports Highway access to site plus existing rail to Hellyer Grid electricity, natural gas and water available Deepwater port Potential for future importation of laterite nickel ore Sale and direct shipping of products
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