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Royal Nickel Corp.
Summary
| Project: | Dumont | |
|---|---|---|
| Deposit: | Dumont | |
| Location: | Canada | |
| Commodities: | Nickel | |
| Date: | 12/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 19-12-2019: Royal Nickel Corp. announces a Feasibility Study report for its Dumont deposit at the Dumont project. Amended Feasibility Study Technical report. The Dumont Project will be an open pit mine/mill operation, using conventional drilling and blast | |
| Resources: | (Reserve, P+P): 1.028Mt @ 0.27% Ni, 107ppm Co, 0.019g/t Pd, 0.009g/t Pt | |
| CP/QP: | [Resources]: Chelsey Protulipac (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | The Dumont Project will be an open pit mine/mill operation, using conventional drilling and blasting, with loading by a combination of hydraulic excavators and electric rope shovels into trucks ranging in size from 45 – 290 tonnes. The process plant will be constructed in two phases. Phase I will have an initial average throughput of 52.5 ktpd using a single SAG mill and two ball mills for grinding, desliming using cyclones, conventional flotation and magnetic separation, to produce a nickel concentrate also containing cobalt and PGEs. Phase II throughput will be doubled to 105 ktpd in Year 7 by mirroring the first line. RNC Minerals (RNC) is a multi-asset mineral resource company headquartered in Toronto, Canada primarily focused on the development and production ramp-up of its Beta Hunt gold mine and the development of the large ultramafic Dumont Nickel-Cobalt Project project) located in the established Abitibi mining camp, 25 km northwest of Amos, Quebec. RNC acquired a 100% interest in the Dumont property in 2007. On April 20, 2017, RNC closed a joint venture transaction with Waterton Precious Metals Fund II Cayman, LP and Waterton Mining Parallel Fund Onshore Master, LP (collectively, "Waterton"). Under the terms of the transaction, Waterton acquired a 50% interest in the Dumont Project. RNC and Waterton formed the Dumont JV, a 50/50 nickel joint venture that owns the Dumont Nickel-Cobalt Project through Magneto Investments Limited Partnership (the Dumont JV). On July 23, 2018 RNC announced its interest in the Dumont JV would be reduced to approximately 28% as a result of the conversion by Waterton of its US$10 million RNC convertible note into additional units of the Dumont JV. RNC manages the project on behalf of the Dumont JV. The mineral claims covering the Dumont deposit are currently held 98% by Magneto Investments Limited Partnership and 2% by Ressources Québec. | |
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