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Additional Information
Market: AIM
Sector: General Mining - Nickel and Cobalt
EPIC: RGM
Latest Price: 1.90p  (3.83% Ascending)
52-week High: 5.00p
52-week Low: 1.45p
Market Cap: 12.60M
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Regency Mines
www.regency-mines.com
Regency Mines plc (AIM: RGM; Frankfurt: RM4) is listed on the Alternative Investment Market of the London Stock Exchange Ltd in London and on the Frankfurt Exchange. It is also traded on the PLUS Markets platform. The Company’s principal asset is the joint venture with Direct Nickel Ltd (DNi) in the Mambare nickel-cobalt project in Papua New Guinea. Regency is also a significant shareholder in DNi which owns a laterite nickel treatment technology at pilot plant stage.

Regency adds value to its assets by systematic exploration and development of these assets, and by joint venture, acquisition, and disposal of mineral resource interests.

The company’s principal interests are:
• The Mambare lateritic nickel/cobalt deposit in Papua New Guinea.
• The Munglinup / Ravensthorpe project in Western Australia with a sulphide discovery made by aircore drilling in 2010.
• Licenses at Kambalda, Western Australia of significant gold/nickel potential.
• The Bundarra mining camp in Queensland, a granodiorite pluton with a history of gold and copper production.
• Approximately 20.96% of AIM-listed Red Rock Resources plc, a gold exploration and production company founded by Regency with strategic stakes in steel feeds and in uranium/rare earths.
• 11% of Oracle Coalfields Plc, which operates in the Sindh Province, Pakistan.
Full Regency Mines profile here
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Regency Mines reveals significant nickel results from Mambare’s Plateau zone

3rd Feb 2012, 3:59 pm by Jamie Ashcroft Regency Mines reveals significant nickel results from Mambare’s Plateau zone

Regency Mines (LON:RGM) this afternoon revealed drill results from the Mambare nickel laterite project in Papua New Guinea.

The results confirm the significant grade and tonnage potential of Mambare’s Plateau zone, it said.

One of the drill holes returned the highest nickel grades encountered to date at the project, with 3.28 per cent nickel and 0.12 per cent cobalt being encountered in a 1 metre interval.

The company said that the Plateau area has never been drill tested before. It is an extensive area and it is the major target for future exploration, it added.

Regency believes it may have the potential to host one of the world's largest nickel laterites.

Mambare is being explored through a 50:50 joint venture, with Sydney based firm Direct Nickel Pty Ltd.

The latest drill campaign was completed in December, and the remainder of the assay results are expected in the coming weeks.

 

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