RNC hits bonanza grades at Beta Hunt mine, gets call option on rest of SLM shares

TSX-listed Royal Nickel Corporation (RNC) on Monday announced that it was evaluating options to process “bonanza grade” ores from the ‘Hand of Faith’ (HOF) area of the Beta Hunt mine, a low-cost nickel and gold producer located in the prolific Kambalda mining district of Australia. The company was mulling options, including processing, under its current gold toll milling agreement or, alternatively, was considering using a dedicated gravity plant to scalp off the higher-grade portion of the gold. The remaining material would be processed under its current gold toll milling arrangement.