REGENCY MINES
Regency Mines PLC is focused on exploring areas of copper and nickel potential in Western Australia, Queensland, and Papua New Guinea.
Since listing on AIM on 22nd February the company has been involved in the listings on AIM of Thor Mining plc (AIM: THR) on 29th June,Red Rock Resources plc (AIM: RRR),and Greatland Gold plc (AIM: GGP). Regency has disposed of its shareholdings in Thor, and holds 103.25m shares in Red Rock (60.1%) and 1.5m shares in Greatland. The assets held by these companies were not part of the portfolio held by Regency at the time of its IPO.
The Regency tenement portfolio includes extensive areas of known mineralization, on some of which exploration has returned high grades. Exploration of Bundarra has begun with a soil sampling, mapping and radiometric analysis programme that yielded significant results, followed by a 104 hole, 3,033m RAB drilling programme results of which are being appraised.
In 2006 the company acquired 75% of the Mambare Plateau lateritic nickel project in Papua New Guinea and has carried out an initial exploration programme.