NQ Minerals Plc is pleased to announce that it has completed the acquisition of all of the issued and outstanding shares of Keen Pacific Limited (“Keen”), along with its wholly-owned subsidiaries Ivy Resources Pty Ltd and Hellyer Gold Mines Pty Ltd (the “Acquisition“). The acquisition sees NQ Minerals wholly own the prospective Hellyer Gold Mine in Tasmania, Australia and is in line with the Company’s strategy of becoming a near-term revenue generating gold and base metal production company.

The Company announces that it has issued 70,636,918 new Ordinary Shares as part of the consideration for the Acquisition. Following the issue of the new shares, the Company has 241,020,322 Ordinary Shares of 0.1p each in issue, each share carrying the right to vote.

The above figure of 241,020,322 Ordinary Shares should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure and Transparency Rules.

Daniel Stewart acted as broker for this deal.

About NQ Minerals

NQ Minerals is an Australia-based exploration and mining company, focusing on projects where past exploration work has established the presence of mineral occurrences. The Company’s management team has decades of experience in the exploration and production of gold, silver and a variety of base metals