Royal Nickel Corp. RNKLF

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[BaystreetBrian]

Royal Nickel Corporation (OTCQX: RNKLF) is a multi-asset mineral resource company with a portfolio of nickel, cobalt, and gold production and exploration properties. RNC Minerals, in its capacity as Manager of the Dumont Joint Venture with Arpent Inc., a subsidiary of Waterton Precious Metals Fund II Cayman, LP and Waterton Mining Parallel Fund Offshore Master, LP, recently announced that Ausenco Engineering Canada Inc. has been awarded the contract for a feasibility study update for the Dumont Nickel-Cobalt Project. Ausenco has led all of the earlier pre-feasibility and feasibility studies completed on the project. Ausenco, in conjunction with Duro Fulguera, also completed additional engineering work in 2015 to develop an EPC Lump Sum Turnkey Proposal for approximately 72% of the capital cost. "We are very pleased to work again with the high calibre team from Ausenco and supporting engineering firms to complete the feasibility study update as we work toward our goal of making a construction decision in 2019." said Mark Selby, President and Chief Executive Officer of RNC. "These engineering and consulting firms have a deep level of knowledge and experience from their previous work, both at Dumont and other large open pit mining projects in Canada and abroad. I look forward to the updated feasibility study results confirming the inherent value in the structurally low-cost Dumont Nickel-Cobalt Project, which is well-positioned to deliver the additional nickel and cobalt required by the early 2020s to meet strong demand growth from the stainless steel and electric vehicle markets. Dumont remains one of the world's premier battery metals projects containing the world's largest undeveloped reserves of nickel and second largest undeveloped reserves of cobalt."

Read more at https://www.stockhouse.com/news/press-releases/2018/10/22/price-of-cobalt-climbs-as-demand-for-lithium-ion-batteries-continues-to-grow#yZ7S4vudci6AftLy.99