09/02/12
Issue of Equity08/02/12
Mambare Nickel Laterite Project Drilling Results03/02/12
Mambare Nickel Laterite Project Drilling Results30/01/12
Holding(s) in Company23/01/12
Price Monitoring Extension
08/10/08
31/05/07
At today?s price of 4.38p the implied market capitalization is £7.45m. This is more than twice its value six weeks ago; the share price has been driven by a recent announcement about Red Rock?s JV with Jupiter Mines and by a visit of the chief geologist to London who demonstrated to a few institutions that the Regency story ?has legs?.
09/02/12
Regency Mines raises £401,100 to fund exploration work08/02/12
Regency Mines shares up on more positive Mambare results03/02/12
Regency Mines reveals significant nickel results from Mambare’s Plateau zone22/12/11
Regency Mines raises £300,000 in placing at a premium02/12/11
Regency Mines expects year of strong progress
24/01/2012
13/01/2011
20/09/2010
13/02/2009
History:
Regency Mines plc was formed in 2004 and listed early in 2005 on the London AIM market. Its objectives were to invest in the mining and minerals sector, directly and indirectly, and to explore for nickel, base metals and gold in Western Australia, and copper and gold in Queensland.
The company has retained this focus. Its deal-making and investment arm has assisted other companies in listing on AIM, including Red Rock Resources plc, which was established by Regency with a portfolio of iron and manganese properties and floated in summer 2005. Regency has also taken a strategic stake in AIM-listed nickel explorer Alba Mineral Resources plc.
Its exploration arm continues to explore nickel assets in Western Australia, and has acquired additional tenements at Kambalda, and continues to explore a copper/gold prospect in Queensland, where additional ground has been acquired. 75% of the Mambare lateritic nickel/cobalt project in Papua New Guinea was acquired in 2006, and in 2009 the Mambare project became wholly owned.
Regency retains a 20.96% stake in Red Rock Resources plc.
Regency Mines PLC holds tenements in Papua New Guinea (Mambare), Western Australia (Munglinup, Lake Tay and Mt Gordon, Junction South/Kambalda) and Queensland (Bundarra).
The Munglinup, Lake Tay and Mt Gordon Tenements are situated in the Lake Johnston/Ravensthorpe area of Western Australia which is prospective for nickel sulphides as well as gold. The company has recently completed a drilling programme in one of the Munglinup tenements, and intersected a sulphide zone providing focus for follow up work. Airborne EM is also being planned to cover magnetic targets over newly granted tenements within the region.
Airborne geophysics is also being planned for Regency’s tenement in the well renowned gold producing area of Kambalda, Western Australia. These tenements lie within geologically favourable strata similar to those that host the famous Kalgoorlie-Boulder deposits.
Bundarra in Queensland is prospective for copper and gold. Historically mined on a small scale the company has sought to consolidate these smaller workings into one larger tenement.
MUNGLINUP
The Munglinup project is a collective term for twenty two tenements that extend along the Archaean Lake Johnston Greenstone belt in the north to the younger Proterozoic rocks in the south. A drilling programme was undertaken during March 2010 with Phase 2 under discussion.
KAMBALDA
Regency Mines holds one exploration licence E15/1134 and four surrounding prospecting licences P15/5405 – P15/5408 which have all recently been granted. Located near to the Kambalda/Boulder district of WA this area is renowned for its supersize open pit gold mine which is still undergoing extension. The main commodities sought are gold and nickel sulphide and plans are for an Airborne EM geophysical surveys are in process for commencement later in 2010. (Read More)
MAMBARE
Regency Mines PLC own 100% of the major lateritic nickel deposit, Mambare, in Papua New Guinea (exploration licence 1390). The deposit forms a 20x6 km plateau (dwarfs better-known 7x2 km Wowo Gap Plateau) and the licence comprise 75 sub-blocks covering 242 square kilometres, parts of which have been explored since the 1960s. In 1999, Anaconda estimated in a 158 sq km section: 630 Mt at 0.78%Ni and 200 Mt at 1.01%Ni in the saprolitic layer; better apparent grade and topography than the Ramu project, currently under development.
JV with Direct Nickel (DNi) as technology/exploration partner:
a) An emerging world class nickel project – Mambare Papua New Guinea
b) One of the lowest capital cost technologies available for nickel laterites, DNi Nickel Processing Technology
c) Highly experienced management team
d) To create a producing nickel company that can produce up to 20k tonnes per annum of nickel within 4 years, expanding to 60ktpa (Read More)
BUNDARRA
The Bundarra project consists of 2 granted Exploration Permit for Minerals (EPM 18244 and EPM 18219) that covers an area of approximately 260km2. The project lies 120km southwest of Mackay in the Bowen Basin of central Queensland. A rail line between the Bowen Basin coalfield and the coast passes less than 10km to the north of the tenement. Access from Mackay is by the Sarina/Marlborough Road, then via the Peak Downs Highway and Fitzroy Road to Bundarra Homestead. A network of formed gravel roads provides good access within the tenement.
The project area covers numerous genetically related (epithermal) copper-gold occurrences located around the perimeter of a large granodiorite intrusion known as the Bundarra granodiorite. Copper and gold mineralisation typically occurs as discrete lodes or breccias within contact metamorphosed sediments. Historically, copper was produced from the numerous small mines in the late 1800s, and 1960s. (Read More)
Oracle Coalfields Plc - Background Note.
Oracle Coalfields plc was incorporated in July 2006 in the United Kingdom as a public company initially for investing in the coal mining sector in the Province of Sindh, Pakistan. The Company’s shares commenced trading on the PLUS Markets in August 2007.
For local operations, the Company set up a local entity, Sindh Carbon Energy Limited (SCEL) which is registered in Pakistan. In November 2007, the Company was granted Block VI of the Thar Coalfield by the Mines & Mineral Development Department, Government of Sindh. Recently the Company announced extension of this Exploration License for an additional one year.
Block VI, Thar Coalfield, Sindh Province, Pakistan:
• Located 380km east of Karachi
• Block VI is situated 32km from Islamkot, District of Tharparkar, Sindh Province with close proximity to roads and power networks.
Oracle put in place a credible team with international experience in natural resources, particularly in the coal mining and power industry. After assessing the potential of Thar coal, the company’s project team concluded that for attracting the attention of and providing comfort for the international investment community, Thar coal should meet a defined standard if it was to achieve international acceptance and recognition. In 2008, the company proceeded with a drilling programme for the re-verification of thirty five boreholes previously completed by the China Northeast Geological Bureau, with the aim of taking the resource to international standard. This enabled the resource to be re-evaluated to JORC standard under principles of the JORC Code 2004 Edition. Hence, under JORC standard the Measured Resource covering the licence area of 66.1 square kilometres is 1.4 billion tonnes with net attributable Proven Resource of 371 million tonnes in the designated Open-pit mine area. (Read More)
Andrew Bell, MA, LLB, FGS, Chairman
Andrew Bell began his career as a natural resources analyst at Morgan Grenfell & Co. in the 1970s. His business experience encompasses periods in fund management and advisory work at leading financial institutions, international corporate finance work, and private equity. Andrew Bell's listed company directorships are Regency Mines Plc (Chairman), Greatland Gold Plc (Chairman), Jupiter Mines Ltd (Director) and Resource Star Ltd (Director).
Julian Lee, MA, ACCA, Non-executive Director
Julian Lee qualified as an accountant with Deloitte & Touche in 1996. Subsequently he provided corporate advisory services to small companies for PBTCCF Ltd and worked as a venture capitalist for Elderstreet Investments Ltd and Fifth Avenue Capital Inc. He is the founder and Managing Director of Melee Venture Management Ltd, a private equity company investing principally in the technology sector, Managing Director of Wound Solutions Ltd, and a director of International Mining, Research and Development Ltd, MSL Medical Ltd, and Wavionix Ltd.
John Watkins, FCA, Non-executive Director
John Watkins is a chartered accountant and a former partner of Ernst & Young and Neville Russell. He is a director of Starvest Plc, a substantial shareholder of Regency Mines Plc, of Red Rock Resources Plc and of Greatland Gold Plc, all listed on AIM. He is Chairman of Lisungwe Plc, a mineral exploration company and of Equity Resources Plc also a shareholder of Regency; both companies are listed on PLUS Markets.
Edmund Bugnosen, BSc, Director
Edmund Bugnosen gained a BSc in Mining Engineering from Adamson University in Manila in 1973, and was subsequently a lecturer and Head of the Mining Department at St Louis University, Manila. He is a Member of the Institution of Materials, Mineral and Mining, a Life Member of the Philippine Society of Mining Engineers and a Member of the Philippine Institute of Mining, Metallurgical and Geological Engineers. After a period working for the Mines and Geosciences Bureau in the Philippines, Mr. Bugnosen has since 1989 worked out of the UK as a consultant for a variety of NGOs, aid/development agencies and governments, including the UN, UNIDO, the World Bank, the EU, the ILO, DFID, and the BGS, as well as for mining companies. In 1995-6 he served as Senior Mining Engineer in the Department of Mines and Petroleum, Papua New Guinea. He has published and given papers on mining laws and regulation, small scale gold mining and environmental, social and development issues.
Nomad: Religare Capital Markets Ltd
Solicitor: Ronaldsons Solicitors
Broker: Simple Investments
Transfer Agent: Share Registrars Limited
Registered Office:
3/F, 55 Gower Street
London
WC1E 6HQ
Business Address:
115 Eastbourne Mews
London W2 6LQ
Telephone: +44 20 7402 4580
Fax: +44 20 7402 8738
Email: exploration@regency-mines.com
Shares: 611,476,585
Market cap.: £32.22M
Significant Shareholders
TD Waterhouse Nominees (Europe) Ltd 8.78%
Starvest Plc 7.79%
Barclayshare Nominees Ltd 7.68%
HSDL Nominees Ltd 6.27%
Lewis Charles Nominees Ltd 5.46%
City Equities (Nominees) Ltd 5.07%
Sunvest Corporation Ltd 3.80%
James Capel (Nominees) Ltd 3.56%
Public 54.53%
Updated on 3rd June 2011
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