Impact: Positive
Following the initial announcement of a 9,000oz Au discovery at RNC Minerals Beta Hunt Mine in Australia, the company expects the original discovery area to yield 30-35koz Au and has continued to extend the high-grade coarse gold structures of the “Father’s Day Vein” to a total of 540m (Figure 1). RNC is gaining a better understanding of the controls in place and as such, we believe that there is a distinct potential for the controls to repeat and extend. In this note, we examine the impact on exploration, the potential size of the deposit and ultimately the impact on RNC’s valuation.