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Royal Nickel Corp.

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Summary

Project:

Dumont

Deposit:Dumont
Location:Canada
Commodities:Nickel
Date:5/30/2019
Report Code:NI43-101
Report Type:Feasibility Study
Project Stage:Mine Development
Report details:30-5-2019: Royal Nickel Corp. announces a Feasibility Study report for its Dumont deposit at the Dumont project. Updated FS results incl. post-tax NPV of US $920M (8%), IRR of 15.4%, updated resource & reserve. Approximately 42 million tonnes of overburde
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:Approximately 42 million tonnes of overburden will be pre-stripped prior to start-up of operations. The life-of-mine plan excavates 2.1 billion tonnes of material, including 1.0 billion tonnes of ore, over an open pit life of 24 years. A key element of this plan is the de-coupling of mine production rates from that of the plant. This allows for accelerated output of metal in the early years from higher grade and recovery material, while lower grade and recovery material is stockpiled. After open pit operations cease in Year 24, 398 Mt of stockpiled ore will remain to support continued production through Year 30. This strategy also allows tailings produced from year 20 onwards to be impounded within the mined-out pit, significantly reducing the size and associated cost of the Tailings Storage Facility (TSF). Inclusion of the trolley assist option is a major driver in reducing greenhouse gas (GHG) emission, noise level, fleet size and overall project environmental footprint.

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