RNC Minerals (TSE:RNX) has filed its NI 43-101 report based on its recent mineral reserve statement at the company’s Beta Hunt gold mine in Australia.
The miner released a maiden gold reserve at Beta Hunt in December, outlining a total gold reserve of 3.4 million tons at a grade of 2.8 grams per ton (g/t) gold for 310,000 ounces.
Beta Hunt, located in Western Australia, is Toronto-based RNC’s flagship operation.
The mineral reserve will form the basis for Beta Hunt’s mine plan, the firm said in December. The mine schedules baseload feed to RNC’s 100%-owned Higginsville treatment plant.
Coupled with the Higginsville mine, the 1.4 million tons per annum plant is operating at full capacity, according to RNC.
Beta Hunt’s mineral resource was announced in August 2019 and outlines a total measured and indicated resource of 10.1 million tons at 2.9 g/t for 944,000 ounces.
RNC recently said it expects group output of between 90,000 and 95,000 ounces for 2020, at an average all-in-sustaining-cost of US$1,050 to US$1,200 per ounce as it continues to ramp up production and lower costs.
A 2020 exploration budget of between A$9.5 and A$10 million for 45,000 to 50,000 meters has been allocated across Higginsville and Beta Hunt.
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