Sure, but it provides for the near term exploration. The mine is in Kambalda, a small mining town not far from the mining city of Kalgoorlie in Western Australia. Seems like there’s much more gold yet to be found in Western Australia! The mine has infrastructure from previous nickel mining, but the deposit was found beneath the old mine, as yet 2 km unexplored.
Came across this on another board, thought it was interesting as some of us are interested in things Aussie. Some cool pictures as well.
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Course Sprott owns RNX…12 minute mark he discusses it.
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RNC Doubles Strike Length of High Grade Coarse Gold Structure from New Development in Discovery Area - “Fathers Day Vein”
Canada NewsWire
TORONTO, Sept. 16, 2018
Recent development recovers a 43kg specimen stone containing an estimated 1,100 ounces of gold
TORONTO, Sept. 16, 2018 /CNW/ - RNC Minerals (TSX: RNX) (“RNC”), is pleased to announce that it has doubled the strike length of this high grade coarse gold structure, to approximately 10 metres, after restarting development in the new high grade gold discovery area “Fathers Day Vein” at its Beta Hunt Mine in Australia (see RNC news release dated September 9, 2018). Airleg development towards the initial discovery area intersected the structure last Friday and the break through into the original discovery area is expected today. A 43kg specimen stone containing an estimated 1,100 ounces of gold and a second 7kg specimen containing 190 ounces was recovered from this most recent development. An updated estimate of ounces from the Fathers Day Vein is expected to be provided later this week after final outturns from last week’s shipments to the Perth Mint have been received and initial estimates from the recovery and shipment of coarse gold and specimen stones from the most recent development are completed. Final numbers from this most recent development should be known within 2 weeks once all processing by the Perth Mint has been completed.
“The Fathers Day Vein delivers additional gold and cash flow from this further extension with additional potential up-dip still to be developed. I am looking forward to the production estimates incorporating these additional ounces expected later this week. The Beta Hunt team has done a great job moving the operation forward over the last 12 months and I congratulate every person working at Beta Hunt for the incredible Fathers Day Vein discovery last week. RNC is currently developing plans to unlock the high-grade gold potential of the mine which remains largely unexplored.” said Mark Selby, President and CEO of RNC.
Airleg development resumed last week and began driving towards the current face on the left side of the initial discovery area (see Figure 1) and intersected the structure last Friday (September 14, 2018) effectively doubling the strike length of the high grade coarse gold structure. The structure remains open up dip with a substantial amount of coarse gold remaining in the face (see Figure 2)
https://www.otcmarkets.com/stock/RNKLF/news/RNC-Doubles-Strike-Length-of-High-Grade-Coarse-Gold-Structure-from-New-Development-in-Discovery-Area---Fathers-Day-Vein?id=203914
Interview with CEO
Novo spends around another $8M buying up gold conglomerate potential property:
Novo to Acquire Strategic Portfolio of Tenements in Egina Region of Western Australia
http://www.novoresources.com/news-media/news/display/index.php?content_id=319
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TR…could I trouble you for RNX.V
IMG.TO and AEM.TO are just above 52-week lows 
With gold poised to move up and buy analyst recommendations Both are 50% below summer prices. I think there is good chance for a nice swing.
Yahoo !!!
Finally got my Artemis shares ! ARTTF I did have to raise the price a touch.
So far today 204104 all at $.126. Only 27% were mine.
If you’re looking to buy, today might be the day to get them at that price.
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I am surprised though that the price doesn’t move (much) with news such as :
Artemis Resources reveals bulk conglomerate gold recovery at Pilbara tenements.
Approximately 6kg (193oz) of nuggets containing evidence of fine gold have been recovered from 47K Patch with further gold being recovered during ongoing exploration activities.
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It moves more with more volume on the ASX.
Artemis Resources Limited is pleased to update the market with a new Investor Presentation on 19 September 2018 - with new maps, new pictures and new flow diagrams - for updates on the Radio Hill plant, the Co/Cu/Au results at Carlow Castle, conglomerate gold information and much, much more…
http://www.kereport.com/wp-content/uploads/2018-09-19-John-Kaiser.mp3
Kraiser….around 10 minute mark Pilbara and 13 RNX
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Inventus Updated Shareholder Presentation
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The Artemis chart is starting to look interesting. In $AUD it has hit $0.20 tonight, which happens to be the 200 DMA in AUD and volume is pretty high. ARTTF in $USD is still below the 200 DMA but is at the same sort of resistance level. But a potential breakout seems to be potentially forming.
any comments TR?
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Father’s Day Vein Yields 24,000 Ounces of Gold Worth $38 million
PRESS RELEASE PR Newswire
Sep. 20, 2018, 07:15 AM
Updated estimate of over 24,000 ounces is more than double initial estimate of 9,250 ounces
TORONTO, Sept. 20, 2018 /CNW/ - RNC Minerals (TSX: RNX) (“RNC”) is pleased to announce an updated estimate of gold production from the “Father’s Day Vein” discovery at its Beta Hunt Mine (see RNC news releases dated September 9 and 16, 2018). It is now estimated that 24,000 ounces of high-grade gold has been produced from development on the 15 level at the Beta Hunt Mine. The updated estimate includes additional in-process material from the initial discovery area, specimen stones and coarse gold recovered from the expanded development area (see RNC news release dated September 16, 2018), and an increase in production over original estimates based on final out-turns received from the Perth Mint. Estimated production from the Father’s Day Vein is expected to increase as the remaining material from the expanded development area is processed and development continues to be extended. Final gold ounces from the discovery area will be determined after the remaining coarse gold and specimens are processed and/or sold over the short term. All of the high grade coarse gold is being processed by the Perth Mint.
“The cash flow from this massive increase in gold production from the Father’s Day Vein at Beta Hunt will fundamentally improve RNC’s balance sheet to a substantial net cash position, which will allow RNC to begin to aggressively explore the largely untested high-grade gold potential at Beta Hunt. With ongoing development activities based on an improved understanding of the sediment structures, we expect to provide timely updates on this important discovery. I greatly appreciate the hard work and perseverance of the entire Beta Hunt team, who made this discovery possible, and their ongoing diligence in moving the operation forward.” said Mark Selby, President and CEO of RNC.
RNC Minerals to Present at the Denver Gold Forum 2018
RNC will be participating in the Denver Gold Forum 2018 to be held over the September 23-26, 2018 period in Colorado Springs.
Mark Selby, President and CEO of RNC Minerals, will address conference at 4:30 p.m. Mountain Time (6:30 p.m. Eastern Time) on Monday, September 24, 2018. The presentation will be recorded and made available for replay by conference organizers beginning 7:00 a.m. Eastern Time on Thursday, September 27 at: Company Recorded Session - The Denver Gold Group, Inc..
The disclosure of scientific and technical information contained in this news release has been approved by Kevin Small, Vice-President, Project Development of RNC, a Qualified Person under NI 43-101.
About RNC Minerals
RNC has a 100% interest in the producing Beta Hunt gold mine located in Western Australia where a significant high grade gold discovery “Fathers Day Vein” was recently made. RNC also has a 28% interest in a nickel joint venture that owns the Dumont Nickel-Cobalt Project located in the Abitibi region of Quebec which contains the second largest nickel reserve and eighth largest cobalt reserve in the world. RNC owns a 35% interest in Orford Mining Corporation, a mineral explorer focused on highly prospective and underexplored areas of Northern Quebec and the U.S. Carolina Gold Belt. RNC has a strong management team and Board with over 100 years of mining experience at Inco and Falconbridge. RNC’s common shares trade on the TSX under the symbol RNX. RNC shares also trade on the OTCQX market under the symbol RNKLF
Cautionary Statement Concerning Forward-Looking Statements
This news release contains “forward-looking information” including without limitation statements relating to the liquidity and capital resources of RNC, production guidance and the potential of the Beta Hunt and Reed mines as well as the and the potential of the Dumont development project and Orford Mining’s Qiqavik, West Raglan, Jones-Keystone Loflin and Landrum-Faulkner exploration properties. …
(Father's Day Vein Yields 24,000 Ounces of Gold Worth $38 million | Markets Insider)
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Rich, KL looking bearish. I’m watching for a starter position, but not until the stock finds a base. Thoughts on the chart?
Toronto, Ontario–(Newsfile Corp. - September 20, 2018) - Eric Sprott announces that today he purchased (through his holding company, 2176423 Ontario Ltd.) over the Toronto Stock Exchange, 561,000 common shares (representing approximately 0.1% of the outstanding shares) of Royal Nickel Corporation (doing business as RNC Minerals). The shares were purchased at $0.4284 per share for total consideration of $240,332. This press release is being issued pursuant to Canadian early warning requirements because Mr. Sprott’s beneficial holdings of shares has increased to greater than 10% of outstanding shares of RNC Minerals.
Mr. Sprott now beneficially owns and controls 40,216,042 shares representing approximately 10.1% of the outstanding shares of RNC Minerals on a non-diluted basis. Prior to the foregoing sales, he beneficially owned and controlled 39,655,042 shares representing approximately 9.9% of the outstanding shares of RNC Minerals on a non-diluted basis.
The shares were bought for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
RNC Minerals is located at 357 Bay Street, Suite 800, Toronto, Ontario, M5H 2T7. A copy of 2176423 Ontario Ltd.'s early warning report will appear on RNC’s profile on SEDAR at www.sedar.com and may also be obtained by contacting Mr. Sprott at (416) 362-7172.
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