The outcrop of the Dumont nickel-cobalt deposit in northern Quebec. (Image: RNC Minerals)
QUEBEC – Toronto-based RNC Minerals plans to focus on its Dumont nickel-cobalt project near Amos. Dumont, says the company, is the world’s second largest undeveloped nickel resource in the world. And it is shovel ready.
The strong nickel price and rocketing value for cobalt has RNC hoping that a construction decision will be made in 2019. Last year the company created a joint venture with Waterton Mining Parallel Fund Onshore Master for development of the Dumont project. Initial production could be 33,000 tonnes of nickel and 2,000 tonnes of cobalt in concentrates per year.
The Dumont deposit has measured and indicated resources of 1.7 billion tonnes grading 0.27% nickel and 107 ppm cobalt for 9.7 billion lb. of nickel and 394 million lb. of cobalt. Within that category are proven and probable reserves of 1.2 billion tonnes grading 0.27% nickel and 107 ppm cobalt. There is also an inferred resource of 499.8 million tonnes at 0.26% nickel and 101 ppm cobalt. A 29% nickel concentrate would be produced.
More information about the Dumont nickel-cobalt project is available at www.RNCminerals.com.