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Dumont Nickel Project - 8.4 billion pounds of nickel resources - Abitibi

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Message: Royal Nickel Corp Provides Further Details on Positive PEA for
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Beta Hunt Mine - Shares Up Nearly 3%
2016-03-07 03:08:00 PM ET (MT Newswires)

10:08 AM EST, 03/07/2016 (MT Newswires) -- Royal Nickel Corporation (RNX.TO) shares are higher after the company reported that its Beta Hunt Mine preliminary economic assessment has been filed.

Highlights of the Beta Hunt PEA include: base case results yield a US$65 million NPV 8% (CDN$87 million). Each US$100/oz increase in the gold price increases NPV 8% by US$14 million (CDN $19 million). On a by-product basis, LOM cash costs are expected to be negative US$2.70/lb of nickel and US$529/oz of gold. On a co-product basis, LOM all in sustaining costs are expected to be US$2.87/lb of nickel and US$893/oz of gold.

A significant number of historical, high-grade gold intersections were identified outside existing resources highlighting the potential to grow the existing Beta Hunt resource base.

Royal Nickel's shares were last up 2.6% at $0.200 apiece.

Price: 0.200, Change: +0.005, Percent Change: +2.56
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