Company Information for Regency Mines Plc

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AIM; RGM View full financial data

Company Statement

Regency Mines PLC (AIM: RGM) is quoted on the Alternative Investment Market of the London Stock Exchange Ltd in London. The company is focused on exploring areas of copper and nickel potential in Western Australia and Queensland.

It seeks to add shareholder value by systematic exploration and, where appropriate, development of these assets, and by joint venture, acquisition, and disposal.

Since listing on AIM on 22nd February the company has seen the listings on AIM of Thor Mining plc (AIM: THR) on 29th June and of Red Rock Resources plc (AIM: RRR). Regency held 8.2m shares in Thor at listing and 101.25m (now 103.25m) shares in Red Rock (60.1%). The assets held by Red Rock were not part of the portfolio held by Regency at the time of its IPO.

These listings reflected the intention of Regency to follow an active investment and corporate development strategy.

The Regency tenement portfolio includes extensive areas of known mineralization, on some of which exploration has returned high grades. Exploration of Bundarra began with a soil sampling, mapping and radiometric analysis programme that yielded significant results, and a 2006 programme of over 3,000 m drilling has been completed with results awaited.

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. The resource potential can be summarized as:

Limonite Ore 200 Mt of 1% nickel and 0.1% cobalt and

Saprolite Ore 200 Mt of 1.25-1.5% nickel. 

Current Operations

Mambare (PNG: Nickel)  

• A large license centred on 20 km by 7 km Mambare Plateau
• 700m elevation and road access to coast
• Anaconda identified potential 650mt Ni mineralisation at 0.8% and 200mt at 1% with 0.1% Co in limonitic zone
• Exploration has led company to assess equal potential in saprolitic zone at 1.25% to 1.5% Ni

Bundarra (Australia: Copper, Gold)

• An entire mineral field of 200 sq km now united
• 6 km x 14 km granodiorite pluton
• Small scale Cu production 1900-18 and 1960s-70s
• Multiple exploration targets
• High grade Cu-Au vein type
• Bulk low grade or small breccia-hosted Au-Cu type
• Bulk low grade sheeted vein/stockwork Cu-Au type
• Large IOCG systems

Mt Stone (Australia: Gold)

• 200 sq km
• Area with known prospectivity for high grade gold
• Nearby Pajingo and Wirralie gold mines 500,000 oz plus
• Epithermal gold target
• Significant gold anomalies not followed up

Maggie Hays (Australia: Nickel, Gold)

• South Central Yilgarn Craton - Lake Johnston greenstone belt
• 105 sq km at Maggie Hays South
• Emerging Nickel district; 12,000 tpa Ni from Emily Ann and Maggie Hays Archaean ultramafic hosted Ni and Au
• Discoveries on Regency boundary

Lake Percy and Cat Camp (Australia: Nickel)

• 63 sq km at Lake Percy
• 153 sq km at Cat Camp
• Little outcrop but recently conductors and some Ni found nearby
• Strike extensions of greenstone stratigraphy

Mt Gordon and Mt Tay (Australia: Nickel, Gold)

• 129 sq km at Mt Gordon and Tay
• Extensive gold anomalies near Mt Gordon tenement
• Gold anomalies and bedrock conductors within Tay tenement
• Drilling of conductors for Ni encountered 1m Au at 2.97 g/t
• Untested bedrock conductors and gold targets

Geographical Spread

UK
Australia
Papua New Guinea

Board of Directors and Key Management

Andrew Bell	MA, LLB, Chairman
Kenneth Watson	Managing Director
Julian Lee	MA, ACCA, Non-executive Director
John Watkins	FCA, Non-executive Director
Pedro Kastellorizos	Director

Company Address 115 Eastbourne Mews London, United Kingdom W2 6LQ Telephone: +44 20 7402 4580 Facsimile: +44 20 7402 8738 Email: office[at]regency-mines.com Website: http://www.regency-mines.com

Capital 170,226,376 ordinary shares

Year End 30th June

Nominated Brokers Simple Investments 1 High Street Godalming Surrey GU7 1AZ UK

Nominated Advisors ARM Corporate Finance Limited 12 Pepper Street London E14 9RP

Major Shareholders

Andrew Ronald Bell	26.39%
Julian Michael Lee	18.11%
John Watkins	15.48%
Starvest	PLC 15.19%
Sunvest Corporation Ltd	7.39%
Redstone Metals Pty Ltd	7.17%
Barclays PLC	6.41%
Kenneth Frank Watson	5.87%
Midas Resources Ltd	3.52%

Related News

19/09/08 - Andrew Bell’s Empire Remains Intact, As Red Rock Consolidates In The Yilgarn, And Regency Drills Up Nickel In PNG
17/04/08 - Regency Mines Takes The Kokoda Trail To A Man-Sized Nickel Project
13/12/07 - Regency Mines Hoping Transformational Deal Will Be Consummated
08/05/07 - Regency Mines Trying To Emulate Toledo Mining In Direct Shipping Nickel Laterites
19/12/06 - Regency Mines Has High Hopes For Mambare In Indonesia

Most Recent Statement

24/10/08 - Exploration Update
19/09/08 - Issue of Equity
04/09/08 - Exploration Update
04/09/08 - Exploration Update
08/08/08 - Exploration Update - Mambare drilling begins
25/07/08 - Exploration Update - Mambare