RNC Minerals Down 5% as Delivers Maiden Beta Hunt Gold Mineral Reserve

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RNC Minerals Down 5% as Delivers Maiden Beta Hunt Gold Mineral Reserve

posted on Dec 23, 2019 02:20PM

2019-12-23 12:32:11 PM ET (MT Newswires)

12:32 PM EST, 12/23/2019 (MT Newswires) -- RNC Minerals (RNX.TO), down 5% at last look,reported a maiden Gold Mineral Reserve of 310,000 ounces (3.4 Mt at an average grade of 2.8 g/t) at its Beta Hunt gold mine in Kambalda, Western Australia. The Mineral Reserve is based on the Measured and Indicated Mineral Resource only. The Gold Mineral Reserve forms the basis for Beta Hunt's mine plan, which schedules base-load feed to the company's 100% owned Higginsville treatment plant. Along with the Higginsville mine, the company is feeding the 1.4Mtpa plant to 100% capacity.