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Royal Nickel Corp
Symbol C : RNX
Shares Issued 378,210,267
Close 2018-11-09 C$ 0.71
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Royal Nickel produces 13,497 oz Au in October

2018-11-12 08:21 ET - News Release

Mr. Rob Buchanan reports


RNC Minerals Corp. has provided production from the Beta Hunt mine of 13,497 mined gold ounces for the month of October, 2018, at an average grade of 9.06 grams per tonne. Year to date Oct. 31, 2018, mined gold ounces were 71,957, an increase of 60 per cent versus the prior year period, including 25,355 ounces thus far from the Father's Day vein and a total of 30,145 ounces of high-grade coarse gold from all areas. The attached production table breaks out production of high-grade coarse gold and total gold production. Mining of high-grade coarse gold has resumed in the Father's Day vein discovery area.

Mark Selby, president and chief executive officer of RNC, commented: "October was another excellent production month for the company as we recovered an additional 8,506 ounces of high-grade coarse gold. RNC is in a solid cash position with a cash and cash equivalents balance (including specimens held for sale valued at gold content) as of Nov. 9, 2018, of $18.8-million -- sufficient to fund the company's planned upcoming activities. Drilling along strike from the Father's Day vein discovery area in the A zone is under way and a second drill has arrived at site to begin resource definition drilling and target the sediment layer in the much larger Western Flanks structure. We expect our exploration program to add additional gold ounces going forward as we define and explore sediment structures throughout the Beta Hunt mine."

Beta Hunt gold operation (1)                     Q1 2018   Q2 2018   Q3 2018  Oct 2018  YTD 2018

Gold tonnes mined (000s)                             169       132       146        46       493
Gold mined grade (g/t Au) (3) (4)                   2.54      3.14      6.67      9.06      4.54
Gold mined -- coarse gold/specimens (ounces)         381     1,841    19,417     8,506    30,145
Gold mined (ounces)                               13,399    11,479    11,943     4,991    41,812
Total gold mined (ounces) (2) (3) (4)             13,780    13,320    31,360    13,497    71,957
Gold tonnes milled (000s)                            110       112       199        33       454
Gold mill grade (g/t Au)                            2.36      3.28      3.93     14.74      4.17
Gold recovery (%)                                    90%       91%       95%       95%       93%
Gold milled (ounces)                               8,372    11,844   25,1285    15,497    60,841
Gold sales (ounces) (1)                            7,978    11,511    23,805    15,233    58,527

Note that October, 2018, sales and production numbers are preliminary estimates. Final grades and 
ounces can only be determined once mined material has been processed. 
(1) Numbers may not add due to rounding.

(2) The difference in gold sales ounces and gold mined ounces is due to timing differences in 
    receipt of gold sales depending on completion date of tolling campaigns. 

(3) Final grades are determined once mined material has been processed.

(4) As of Oct. 31, 2018, 84,100 tonnes of gold mineralization remained on the ROM pad for tolling, 
    as compared with 70,500 t of gold mineralization as of Sept. 30, 2018.

(5) Milled ounces are corrected from previously reported number of 33,725 ounces.

Technical disclosure

The disclosure of scientific and technical information contained in this news release has been approved by Kevin Small, chief operating officer, Salt Lake Mining, and vice-president, project development of RNC, a qualified person under National Instrument 43-101.

Third quarter 2108 conference call/webcast

RNC will be hosting a conference call and webcast tomorrow (Nov. 13) beginning at 10 a.m. Eastern Time.

Live conference call and webcast access information

North American callers please dial:  1-888-231-8191

Local and international callers please dial:  647-427-7450

A live webcast of the call will be available through Cision's website.

A recording of the conference call will be available for replay for a one-week period beginning at approximately 1 p.m. Eastern Time on Nov. 13, 2018, and can be accessed as follows:

North American callers please dial:  1-855-859-2056; pass code: 7283426

Local and international callers please dial:  416-849-0833; pass code: 7283426

About Royal Nickel Corp.

RNC has a 100-per-cent interest in the producing Beta Hunt gold mine located in Western Australia where a significant high-grade gold discovery -- Father's Day vein -- was recently made. Beta Hunt gold resource potential is underpinned by multiple gold shears with gold intersections across a four-kilometre strike length which remain open in multiple directions adjacent to an existing five km ramp network. RNC also has a 28-per-cent interest in a nickel joint venture that owns the Dumont nickel-cobalt project located in the Abitibi region of Quebec, which contains the second-largest nickel reserve and eighth-largest cobalt reserve in the world. RNC owns a 35-per-cent interest in Orford Mining Corp., a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec and the U.S. Carolina gold belt.

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