TORONTO, May 29, 2014 /CNW/ - Royal Nickel
Corporation ("RNC") (TSX: RNX) today announced it has awarded a
contract to Ausenco Limited ("Ausenco") (ASX: AAX) to begin
detailed engineering on long lead equipment for the Dumont Nickel
Project ("Dumont").
Ausenco's work leading the pre-feasibility and feasibility
studies for Dumont and its experience working on Dumont and other
large scale projects, ideally positions Ausenco to immediately
begin detailed engineering work on the project.
"With a rapidly improving nickel market and constructive
discussions with potential partners, we are moving forward with
confidence to this next phase of project development," said
Mark Selby, President and CEO of
RNC. "We are very happy to continue working with the Ausenco team,
who in our view is one of the top project teams globally for large
scale open pit mine and mill projects. By beginning detailed
engineering work now, it will allow construction to start in early
2015 assuming permits and financing are in place."
Ausenco Limited is a global, diversified engineering and project
management company providing services in Minerals and Metals,
Process Infrastructure, Program Management, Environment and
Sustainability and Oil & Gas, Power sectors.
About Royal Nickel Corporation
Royal Nickel Corporation is a mineral resource company focused
primarily on the acquisition, exploration, evaluation and
development of base metal and platinum group metal properties.
RNC's principal asset is the Dumont Nickel Project strategically
located in the established Abitibi mining camp, in the
municipalities of Launay and
Trécesson, 25 kilometres northwest of Amos, Quebec. RNC has a strong management team
and Board with over 100 years of mining experience in the nickel
business at Inco and Falconbridge.
RNC's common shares trade on the TSX under the symbol RNX.
Cautionary Statement Concerning Forward-Looking
Statements
This news release contains
"forward-looking information" including without limitation
statements relating to a rapidly improving nickel market and
starting construction in early 2015 at the Dumont project.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of RNC to be materially different from
any future results, performance or achievements expressed or
implied by the forward-looking statements. There are no assurances
that Dumont will be placed into production. Factors that could
affect the outcome include, among others: the actual results of
development activities; project delays; inability to raise the
funds necessary to achieve the milestones or complete development;
general business, economic, competitive, political and social
uncertainties; future prices of metals; availability of alternative
nickel sources or substitutes; actual nickel recovery; conclusions
of economic evaluations; changes in project parameters as plans
continue to be refined; accidents, labour disputes and other risks
of the mining industry; political instability, terrorism,
insurrection or war; delays in obtaining governmental approvals,
necessary permitting or in the completion of development or
construction activities. For a more detailed discussion of such
risks and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking
statements, refer to RNC's filings with Canadian securities
regulators available on SEDAR at www.sedar.com.
Although RNC has attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. Forward-looking
statements contained herein are made as of the date of this news
release and RNC disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
SOURCE Royal Nickel Corporation