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RNC Mineral plans to double Beta Hunt Nickel Production in 2018

Metal News - Published on Thu, 30 Nov 2017

Image Source: prnewswire.com
RNC Mineral reported that RNC Minerals provide an update on its plans to increase nickel production from the Beta Hunt gold and nickel mine. Beta Hunt nickel production is expected to double in 2018 (from 2017 production levels) to approximately 4 million pounds of contained nickel. With ongoing ramp-up of gold production at Beta Hunt, C1 nickel cash cost is expected to be less than USD 2.50 per pound, generating significant additional cash flow in 2018.

Mr Mark Selby President and CEO, commented that "Beta Hunt provides excellent optionality from both gold and nickel production. With the much larger scale in gold production (versus a standalone nickel mine), nickel production can be added at much lower cost compared to many other nickel producers in Western Australia."

RNC anticipates sufficient development will be completed by early 2018 at Beta Hunt to allow mining access to nickel resources in the 1820-1825 Beta area of the mine. As with other nickel deposits in the mine, there is the potential for bonanza grade gold mineralization to occur in close proximity to ultramafic/basalt contact, and for gold mineralization extending below the contact.

RNC believes it is also well-positioned as a nickel-sulphide producer with massive growth potential at the Dumont project in Quebec, Canada that is owned by an RNC - Waterton joint venture. Mr. Selby said that "We believe there is significant potential to benefit from a strong nickel market outlook."

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Posted By : Rabi Wangkhem on Thu, 30 Nov 2017
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