Takeover target Salt Lake Mining (SLM) is on track to double output from its Beta Hunt mine, a low-cost nickel and gold producer located in the prolific Kambalda mining district of Australia, even as TSX-listed Royal Nickel prepares to acquire the asset in a deal that would see it transform into a cash-generating low-cost nickel, copper and gold producer.
Beta Hunt has completed its second gold shipment and had recovered 3 718 oz of gold from 42 144 tonnes of ore in its first two months of gold production, on a 100% basis, in line with expectations.
