Common Contracts

Update

February 14th, 2017

• Filed
  February 14th, 2017

RNC Minerals (RNX-T)Toll Milling and Purchase Option Agreement in Place February 14, 2017 Michael Bandrowski (416) 643-3870mbandrowski@beaconsecurities.ca  Lower Cost Toll Milling AgreementThe new toll milling agreement will commence on July 1, 2017. The agreement is for 600,000 tonnes of processing capacity over a 12-month period, Beta hunt ore will be processed on a three week on / three week off basis and RNC will pay West gold toll processing fees on a fixed plus variable arrangement on commercial terms. The new agreement could potentially lower the company’s toll milling costs by $7 million per annum, before any costs to secure the tolling rights.  Potential Long Life 100,000 oz. ProducerThe option to purchase Westgold’s SKO operations, if exercised, would transform RNC into a plus 100,000 oz. per annum gold producer with multiple assets. RNC would have a 4MM oz. Au resource base with significant exploration upside at its Beta Hunt Mine and the Westgold’s South Kalgoorlie Operat