First Hellyer Gold Mines Pty Ltd (HGM) shipment proves mining attractive in Tasmania

Hellyer Gold Mines has delivered its first shipment of silver lead gold concentrate from the port of Burnie following the commissioning of the Hellyer Tailings reprocessing facility on Tasmania's west coast.

The shipment comprises the first of what will be a total annual shipment of over 36,000 tonnes of silver lead gold concentrate, each year for 10 years, out of the TasRail/TasPorts Burnie holding facility. The AAL Fremantle load on February 9th was being shipped to Korea Zinc for processing in their zinc smelters.

Hellyer Gold Mines Pty Ltd director, Steve White said the first delivery has been a great step forward for the company, employees, contractors and off-take partners Traxys Europe S.A.

"The first product shipment proves the technical and commercial viability of the Hellyer reprocessing project. Reprocessing the tailings resource also offers substantial environmental benefits as well."

"The company is committed to using modern processing technology to extract value from legacy tailings at the same time as restoring the mine footprint and repairing any existing environmental damage.

"The twin goals of generating shareholder and environmental value are being met with the Hellyer Project.

"We must also stress just how welcoming the Tasmanian community has been while we were developing the project, the prospect of generating value from an unused legacy resource to rehabilitate the old mine site has really captured everyone's imagination.

"The Boards of NQ Minerals and Hellyer Gold Mines are delighted at just how healthy the business environment for mining and processing investment is in Tasmania.

"We are delighted with the progress of the project and the enthusiastic support we have received in Tasmania. It's a great place to do business at present'. Mr White said.

The reprocessing project will substantially reduce the tailings material from the existing storage facility by converting it into saleable products.

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