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Regalpoint Resources Ltd to announce strategic alliance

Regalpoint Resources Ltd to announce strategic alliance

Regalpoint Resources Ltd (ASX:RGU) will exit a trading halt to announce a strategic alliance possibly over one of the projects in Queensland and Northern Territory which it holds that are prospective for uranium, gold and other commodities.

The company’s 100% owned Paroo Range Project covers a total of 363 km2 of granted exploration licences in the highly prospective Mount Isa region.

The company’s Rum Jungle Project is located about 55 kilometres south of Darwin in the Batchelor – Adelaide River area where there are numerous uranium, gold and base metal prospects and abandoned mines.

The project comprises one granted Exploration Licence (EL26094) of 28 square kilometres and one application (ELA26098) for 30 square kilometres.

 

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