Royal Nickel Corp. RNKLF

RE:RE:Beta Hunt Lower Bound Resource Estimate

[pierreg]

Good post on CEO.ca March 25th 2019 in reaction to the goldhunter11 Beta Hunt Lower Bound Resource Estimate «@PierreG01599501 great link, please pass
along to GH11 compliments for a nice lower bound estimate. Between his 150m at
depth and Mark Selby's 1 to 2 km at depth there will be some middle ground. If
we start at GH11 lower bound estimate (and I am leaning toward a 1M oz RE on
this initial update) and make allowances for growing RE annually...if we come
out in the end even 25% between his lower estimate and the upper potential of
this asset it will still be a big gold operation for years to come. two items
to note: GH11 used 2.6 S.G. which is pretty close to the PEA. PEA has WF at 2.8
S.G. based on drill core evaluations. I came up with the 100k oz/yr based on
the PEA estimate of 50k Tonne of gold ore production per month. (which is about
1600 t/d) The PEA was calculating a gold ore extraction rate and a simultaneous
nickel extraction operation. If nickel is suspended from the ore extraction
plan then the gold ore could be increased. I believe the ramp system can easily
handle 3000TPD (and I need to check the PEA but believe the upper limit was
stated at 5,000TPD.) So, while 100k 0z/yr is a reasonable starting point, once
they open multiple faces to work in the gold zones it would seem reasonable
that annual production could be increased to 200k oz+ per year maybe with a
250k top end using existing manpower and infrastructure. »