RNC Minerals (RNKLF), formerly known as Royal Nickel, released its eagerly awaited updated resource estimate for the Australian Beta Hunt mine. And it is possible to say that the new resource estimate hasn't disappointed. It was focused on the Western Flanks Zone and it has delivered a significant resource growth.
According to the new resource estimate (table below), the Western Flanks Zone contains measured and indicated resources of 710,000 toz gold at a gold grade of 3 g/t. The inferred resources contain further 250,000 toz gold at a gold grade of 3.1 g/t.