During the financial year ended June 30 2013, the company sold 80% of the Fraser Range project to Ram Resources.
It has also seen some encouraging early results relating to nickel recovery technologies being tested in Australia - relevant to the company’s Mambare project – and those findings will “soon follow”, the company said.
Regency has also advanced its potash exploration venture in Sudan, where it has identified areas with “significant potential”.
"This was a successful year operationally, with the sale of 80% of our Fraser Range project to Ram Resources and encouraging results from DNi's pilot plant in Western Australia, although shareholders have not yet seen the benefits of this progress,” Bell said in a statement.
"Regency Mines is now focused on two primary active projects: Papua New Guinea and Sudan.
“We look forward to 2014 with confidence."
During the twelve month period, Regency reduced its borrowings to £530,000 from £1.6mln.