Why Invest in RNC?

With one of the world's largest undeveloped nickel sulphide deposits, located in an attractive jurisdiction, and with attractive project economics and an experienced management team, Royal Nickel has all the necessary elements for value creation.

• 100+ years of proven mining industry experience
• Senior members of Inco, Falconbridge management teams
• Knowledge, experience to acquire additional assets

• 1-billion-tonne reserve – one of largest nickel sulphide operations
• Annual production - 96 MM lbs first 19 years, 59 MM lbs next 12 years
• 2nd quartile cash cost - $4.13 per pound, $1.1 billion initial capital

• Outstanding mining jurisdiction – Abitibi region of Québec
• Well-defined permitting process, low-cost power
• All major support infrastructure (road, rail, power, townsite) in place

• $1.1 billion project, after-tax NPV8%, 17% IRR @ $9.00/lb Ni price
• Upside potential: ferronickel product, iron ore (magnetite) by-product
• Comparable to leading base metal projects