Royal Nickel Announces Third Quarter 2011 Results

- November 10th, 2011

Royal Nickel Corporation (TSX:RNX) reported its review of activities and financial results for the quarter ended September 30, 2011.

Royal Nickel Corporation (TSX:RNX) reported its review of activities and financial results for the quarter ended September 30, 2011.

As quoted in the press release:

THIRD QUARTER AND RECENT HIGHLIGHTS

  • On November 1, 2011 the Corporation announced the pre-feasibility study (“PFS”) results and announced that a National Instrument 43-101 compliant technical report will be filed within 45 days. Highlights of the Dumont PFS are as follows:
    • US$1.1 billion after-tax NPV8%, 17% after-tax internal rate of return
    • 1.1 billion tonnes of reserves at 0.27% nickel, life-of-mine strip ratio of 1.2:1, 31-year project life
    • Average annual contained nickel production of 96 million pounds (44 kt) during the 19-year mine life and 59 million pounds (27 kt) for the subsequent 12 years from processing of the lower grade stockpile
    • Single high grade concentrate containing an average of 33% nickel over life of project

Click here to read the Royal Nickel Corporation (TSX:RNX) press release.

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