Summary:
Dumont Nickel-Cobalt project is a fully permitted, construction-ready mine, which contains one of the world’s largest undeveloped reserves of nickel and cobalt. The project is operated by RNC Minerals in a JV with Waterton Global Resource Management.
RNC released an updated Feasibility Study in July 2019 highlighting the project’s large scale, low cost and long-life, notably:
- Initial nickel production in concentrate of 33ktpa ramping up to 50ktpa in Phase II expansion – production of approximately 1.2 million tonnes (2.6 billion pounds) of nickel in concentrate, over a 30-year life
- Phase I C1 cash costs2 of $2.98/lb ($6,570/t). Life-of-mine C1 cash costs of $3.22/lb ($7,100/t Ni) and AISC of $3.80/lb ($8,380/t) of payable nickel
The resource contains the 2nd largest nickel reserve in the world at 2.8 million tonnes (6.1 billion lbs) contained nickel and 9th largest cobalt reserve with 110 thousand tonnes (243 million lbs) contained cobalt.
Interest: 2.0% NSR Royalty, 1% can be repurchased for C$1 million
Location: Abitibi, Quebec
Project Status: Development
Counterparty: Waterton Global Resource Investments
