TORONTO, Nov. 28, 2016/CNW/ - RNC Minerals ("RNC") (TSX: RNX) (OTCQX: RNKLF) welcomes the announcement on November 27, 2016 of a nickel offtake agreement entered into by Western Areas Ltd and the Tsingshan Group ("Tsingshan"), China's largest stainless steel producer, as further validation of RNC's roasting approach as a more valuable alternative to traditional nickel smelting and refining for nickel sulphide concentrate. RNC first successfully demonstrated this process in 2011. After working with RNC in 2012 and 2013, Tsingshan began the construction in 2014 of the first plant to directly utilize nickel sulphide concentrate as part of the stainless steel production process. Mark Selby, President and CEO of RNC, commented, "We believe this agreement is another significant milestone for sulphide nickel concentrate producers and further confirms RNC's roasting approach as a valuable alternative to traditional smelting and refining. RNC's roasting approach is a simpler, lower cost, higher recovery alternative that should allow sulphide concentrate producers to capture significantly higher payabilities. We are very excited by the initial feedback on our marketing of test samples of NiCal-30, the roasted concentrate from Dumont, with potential payabilities exceeding our expectations. We expect to complete our initial marketing of NiCal-30 in early 2017 and expect to incorporate this market feedback into a feasibility study update for Dumont." Mr. Selby continued, "I am happy with the progress at our Beta Hunt Mine under the new leadership of Kevin Small, Director, Mining Operations, as ore grades to date in November have exceeded our expectations and the ramp up is on track to deliver our guidance."