Regency Mines PLC (AIM: RGM) expects to receive first results from drilling on its Mambare lateritic-nickel-cobalt project in Papua New Guinea early this month, with the rest to follow shortly thereafter.
The first 104 holes were sampled at the end of 2008, and the remaining 232 in June this year.
The company briefly halted the work programme at the beginning of this year when it decided to conserve cash resources in the face of collapsing markets for nickel.
Regency expects to issue a preliminary drilling report shortly covering for the holes for which results have been received. It hopes to produce a full report in the next few weeks following receipt and analysis of all remaining drilling results.