|Company: Royal Nickel Corporation
Symbol: TSX: RNX
|Presenter: Mark Selby, President & CEO
Occasion: Richmond Club Lunch, Toronto
Royal Nickel Corporation is focused on value creation through the development of the 100%-owned Dumont Project and acquisitions of highly prospective assets.The Dumont Project – one of the world’s largest undeveloped nickel sulphide projects – is located in the Abitibi region of Québec. With an experienced management team and an outstanding asset in an excellent jurisdiction, Royal Nickel has the necessary elements in place for success.Royal Nickel Corporation’s common shares and warrants trade on the TSX under the symbols RNX and RNX.WT.
More About Royal Nickel
Royal Nickel’s Dumont Nickel Project is a mammoth deposit near the town of Amos in the established Abitibi mining camp in the mining-friendly Canadian province of Québec. When in production, it is expected to rank as the fifth-largest nickel sulphide operation in the world by annual production – only the mining operations at Norilsk (Russia), Jinchuan (China), Sudbury (Ontario, Canada), Voisey’s Bay (Newfoundland and Labrador, Canada) will be larger.
The Dumont deposit contains approximately 6.9 billion pounds of nickel in the proven and probable reserve categories (a proven and probable reserve of 1,177 million tonnes at 0.27% nickel) and 9.75 billion pounds of nickel resources in the measured and indicated category (a measured resource of 372 million tonnes at 0.28% nickel and an indicated resource of 1.29 billion tonnes at 0.26% nickel). In the inferred resource category there is approximately 2.9 billion pounds of nickel (500 million tonnes at 0.26% nickel). Once in operation, the mine will produce nickel for over 30 years. Construction and operation of the mine and processing facilities will be made easier by the existence of excellent infrastructure, including roads, rail and access to low-cost power.
Ores from the mine will be processed using proven, conventional methods into a high-grade nickel concentrate, and then transported for further refining elsewhere. The mine will have no acid-generating rock or tailings, which has beneficial implications for environmental management.
Royal Nickel Corporation
220 Bay Street, Suite 1200
Canada M5J 2W4