TORONTO, Sept. 23, 2019 /CNW/ - RNC Minerals (TSX:
RNX) ("RNC") is pleased to announce the following appointments:
Graeme Sloan as Managing Director,
Australian Operations, Johnna
Muinonen as President, Dumont
Nickel, and Alger St-Jean as Executive Vice President,
Exploration and Resource Development, Dumont Nickel. These changes have been made to
make RNC a stronger company and better align our people to maximize
the value of each of the assets within our portfolio.
In his role as Managing Director of RNC's Australian operations,
Graeme Sloan has overall
responsibility for the Beta Hunt Mine and Higginsville Gold
Operation and is leading the initiative to realize the inherent
synergies resulting from integration of these assets to create a
stronger, lower cost operation. Over the course of his 40-year
career in mining operations, Graeme has an excellent track record
of success in building and operating integrated mining operations.
During his 5-year tenure as Chief Executive of Perseverance
Corporation from 2002-2007, Graeme had overall responsibility for
the construction of the Fosterville Mine and Mill.
Johnna Muinonen has been promoted
to the position of President, Dumont
Nickel, a division of RNC Minerals. Johnna will be
responsible for the management of the Dumont joint venture. Her
mandate will be to work towards identifying and implementing the
best strategy to maximize the value of RNC's interest in the Dumont
Nickel-Cobalt Project. Johnna has over 20-years mining industry
experience, primarily in operational management and technical
processing roles. Prior to joining RNC in 2010, she was a member of
the capital project group at Vale Inco and Project Leader for the
Vale ultramafic nickel project. Johnna is a Professional Engineer
registered with the Professional Engineers of Ontario. She holds a Bachelor of Science in
Mining Engineering from Queen's University.
Alger St-Jean has been appointed to the position Executive Vice
President, Exploration and Resource Development, Dumont Nickel. Alger will be responsible for leading the
geology and exploration team at Dumont as well as continuing his
lead role with the Dumont sustainable development group.
Previously, he served as Vice President, Exploration of RNC
Minerals (since April 2007). Prior to
joining RNC, Alger was a Senior
Geologist for Xstrata Nickel (previously Falconbridge Limited) and
was responsible for the management, design and implementation of
nickel exploration programs at Falconbridge Limited. Alger is a Professional Geologist registered
with the Association of Professional Geologists of Ontario and holds a Master of Science degree
from McGill University and a Bachelor
of Science degree from St. Francis Xavier
University.
About RNC Minerals
RNC is currently focused on the integration of its Beta Hunt
Gold Mine with its recently acquired Higginsville Gold Operation
("HGO") in Western Australia. The
robust Beta Hunt gold resource is underpinned by multiple gold
shears with gold intersections along a 4 km strike length which
remains open in multiple directions. The gold resource is adjacent
to an existing 5 km ramp network. RNC has a 100% interest in HGO,
which is comprised of a low cost 1.4 Mtpa gold mill and a
substantial portfolio of gold tenements. In addition, RNC has a 28%
interest in a nickel joint venture that owns the Dumont
Nickel-Cobalt Project located in the Abitibi region of Quebec. Dumont contains the second largest
nickel reserve and ninth largest cobalt reserve in the world. RNC
also owns a 24% interest in Orford Mining Corporation, a mineral
explorer focused on highly prospective and underexplored areas of
Northern Quebec. RNC has a strong
Board and management team focused on delivering shareholder value.
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 Mine, Higginsville Gold Operation and Dumont Nickel – Cobalt 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. Factors that could
affect the outcome include, among others: future prices and the
supply of metals; the results of drilling; inability to raise the
money necessary to incur the expenditures required to retain and
advance the properties; environmental liabilities (known and
unknown); general business, economic, competitive, political and
social uncertainties; results of exploration programs; accidents,
labour disputes and other risks of the mining industry; political
instability, terrorism, insurrection or war; or delays in obtaining
governmental approvals, projected cash operating costs, failure to
obtain regulatory or shareholder approvals. 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, including the most recent Annual
Information Form, 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 RNC Minerals