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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 raises £401,100 to fund exploration work

9th Feb 2012, 7:29 am by Giles Gwinnett The firm has placed 19.1 million shares at 2.1 pence per share, it said

Regency Mines (LON:RGM) has raised £401,100 through a placing to fund exploration work on its projects in Papua New Guinea and Australia.

The proceeds will also be used for general working capital, the company said in a stock exchange statement today.

The firm has placed 19.1 million shares at 2.1 pence per share, it said.

Shares in the company closed 11.52 per cent up yesterday, at 2.57 pence after it revealed further positive results from recent drilling at its Mambare nickel laterite project in Papua New Guinea.

Highlights of the work included one hole, which hit 35.6 metres at 0.99 per cent nickel and 0.09 per cent cobalt from 1.30 metres in depth.

This was the first result to come from Area 3 - infill drilling in the North Ridge part of the project -  and confirmed the thick laterite mineralisation, which was identified in this zone during 2008.

And last week, Regency revealed results from the Plateau zone of the project, which confirmed the " significant grade and tonnage potential" of that zone.

The company told investors the zone may have the potential to host one of the world's largest nickel laterites.

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