27/03/2012March 2012 - Company Presentation (Presentation)
27/03/2012November 2012 Presentation – Analyst Trip to Mambare (Presentation)
06/12/2011Regency Mines Presentation - December 2010 (Presentation)
04/03/2011Regency Mines Presentation - March 2011 (Presentation)
04/01/2011Regency Mines Presentation - January 2011 (Presentation)
Regency adds value to its assets by systematic exploration and development of these assets, and by joint venture, acquisition, and disposal of mineral resource interests.
The company’s principal interests are:
Nickel Sulphide & Gold
The Munglinup project is a collective term for twenty two tenements that extend along the Archaean Lake Johnston Greenstone belt in the north to the younger Proterozoic rocks in the south. A drilling programme was undertaken during 2010 and a VTEM survey has been flown over all tenements with data currently under review. A Phase 2 drill programme is currently being designed to follow on at the end of this year and will include the adjoining Young River project E74/425.
Regency Mines holds one exploration licence E15/1134 and four surrounding prospecting licences P15/5405 – P15/5408 which have all recently been granted. Located near to the Kambalda/Boulder district of WA this area is renowned for its supersize open pit gold mine which is still undergoing extension. The main commodities sought are gold and nickel sulphide.
Regency Mines PLC own 100% of the major lateritic nickel deposit, Mambare, in Papua New Guinea (exploration licence 1390). The deposit forms a 20x6 km plateau (dwarfs better-known 7x2 km Wowo Gap Plateau) and the licence comprise 75 sub-blocks covering 242 square kilometres, parts of which have been explored since the 1960s. In 1999, Anaconda estimated in a 158 sq km section: 630 Mt at 0.78%Ni and 200 Mt at 1.01%Ni in the saprolitic layer; better apparent grade and topography than the Ramu project, currently under development.
JV with Direct Nickel (DNi) as technology/exploration partner:
a) An emerging world class nickel project – Mambare Papua New Guinea
b) One of the lowest capital cost technologies available for nickel laterites, DNi Nickel Processing Technology
c) Highly experienced management team
d) To create a producing nickel company that can produce up to 20k tonnes per annum of nickel within 4 years, expanding to 60ktpa
More drilling is anticipated over the wider area of the main plateau with broad spaced regional testing across the full plateau to define its resource potential.
Infill drilling is anticipated between the completed lines, in the 3 high grade zones, to further constrain the extent of mineralisation. Deeper drilling is also planned to fully assess the extent of the saprolite profile.
The large size of the 20x6 km Mambare Plateau, compared with the 7x2 km envelope of known mineralization at the nearby Wowo Gap, gives a large potential area of mineralization and the possibility of a significant resource.
Base Metals & Gold
The Bundarra project consists of 2 granted Exploration Permit for Minerals (EPM 18244 and EPM 18219) that covers an area of approximately 260km2. The project lies 120km southwest of Mackay in the Bowen Basin of central Queensland. A rail line between the Bowen Basin coalfield and the coast passes less than 10km to the north of the tenement. Access from Mackay is by the Sarina/Marlborough Road, then via the Peak Downs Highway and Fitzroy Road to Bundarra Homestead. A network of formed gravel roads provides good access within the tenement.
The project area covers numerous genetically related (epithermal) copper-gold occurrences located around the perimeter of a large granodiorite intrusion known as the Bundarra granodiorite. Copper and gold mineralisation typically occurs as discrete lodes or breccias within contact metamorphosed sediments. Historically, copper was produced from the numerous small mines in the late 1800s, and 1960s.
Modern exploration commenced in the early 1960s and was carried out sporadically through to the late 1980s, outlining further areas of mineralisation and confirming the area’s potential to host multiple styles of mineralisation, including; 1) high-grade copper-gold vein type mineralisation amenable to open pit and underground extraction, 2) bulk tonnage low grade or smaller higher grade breccia hosted gold-copper bodies, and 3) bulk tonnage low grade sheeted vein/stockwork copper-gold bodies.
A review of past exploration suggests that limited work is required to delineate copper-gold resources at a number of prospects, and that the project area is also prospective for large IOCG copper and gold systems of Olympic Dam and Ernest Henry style. In the past, exploration of the Bundarra region was hampered as a result of competitive company attitudes and fragmented tenement ownership, however Regency now has complete tenement coverage over the entire Bundarra pluton (and its margins), enabling systematic evaluation of all prospective areas.
LITTLE MT ISA
Little Mt Isa was granted to Regency Mines on 1st May 2009 and covers approximately 39 km2. Located 25km northeast of Halls Creek in the Kimberley Region in the north of Western Australia, the project covers over 8.5km strike length of volcano-sedimentary rocks of the Paleoproterozoic Biscay Formation, which is prospective for base metals and gold. Previous exploration in the area has defined six significantly mineralised prospects within this formation.
Significant base metal mineralisation has been discovered in two locations within the project area, at the Twin Hills and Halls Creek Fault Zone Prospects, and at two other adjoining prospects, Little Mt Isa and Ilmars. A number of other occurrences of mineralisation have also been located. Gold values are associated with some of the mineralisation which is associated both with acid volcanics and with the Halls Creek Fault Zone.
It is recommended that further mapping should be undertaken, followed by TEM surveying of prospective horizons. This will generate conductor targets also.
Regency owns 11% of Oracle Coalfields Plc, which operates in the Sindh Province, Pakistan.
In November 2007, the Company was granted Block VI of the Thar Coalfield by the Mines & Mineral Development Department, Government of Sindh. Recently the Company announced extension of this Exploration License for an additional one year.
Andrew Bell, MA, LLB, FGS, Chairman and CEO
Andrew Bell began his career as a natural resources analyst at Morgan Grenfell & Co. in the 1970s. His business experience encompasses periods in fund management and advisory work at leading financial institutions, international corporate finance work and private equity. Andrew Bell’s listed company directorships are Red Rock Resources Plc (chairman), Greatland Gold Plc (chairman), Jupiter Mines Ltd (director), Resource Star Ltd (chairman) and Cue Resources Inc.
Edmund Bugnosen, BSc, Executive Director
Edmund Bugnosen has a BSc in Mining Engineering from Adamson University, Philippines and studied Environmental Science at the International Institute of Hydraulics and Environmental Engineering (IHE) in Holland. He has worked in both the government and private sectors of the Philippine mining industry. Since 1989 he has worked out of the UK as a consultant for governments, mining companies, NGOs and development agencies, including the UN, UNIDO, the World Bank, the EU, ILO, DFID, and the BGS. Edmund Bugnosen has also served as Senior Mining Engineer in the Department of Mines and Petroleum of Papua New Guinea and as a Technical Assistant to the Namibian Ministry of Mines and Energy. He has published and presented papers on mining laws and regulation, small-scale mining and related environmental, social and development issues.
Scott Kaintz, BS, MBA, Executive Director
Scott Kaintz has a MBA from London Business School and Columbia Business Schools. He started his career as a US Air Force Intelligence Officer and analyst working across Europe, the Middle East and Central Asia. Scott Kaintz has held operational and managerial roles in the defence industry and more recently worked in corporate finance and investment funds, focusing primarily on capital raising efforts and debt and equity investments in small-cap companies. A year ago he joined Regency as Head of Corporate Finance.
Julian Lee, MA, ACCA, Non-executive Director
Julian qualified as an accountant with Deloitte & Touche in 1996. Subsequently he worked in corporate finance and venture capital in London and New York. He has co-founded a number of companies in the mining exploration, healthcare, life sciences, med-tech and FMCG sectors and is currently CEO of Rex Exploration Ltd, an exploration company focussed on gold and coal exploration in Nigeria.
John Watkins, FCA, Non-executive Director
John Watkins is a chartered accountant and a former partner of Ernst & Young and Neville Russell. He is a director of Starvest plc, a substantial shareholder of Regency Mines plc. In addition, he is a director of Red Rock Resources plc and Greatland Gold plc. Starvest plc, Red Rock Resources plc and Greatland Gold plc are listed on AIM. He is chairman of Equity Resources plc and Rare Earths and Metals plc.
Significant Shareholders as at 2nd May 2012
TD Direct Investing Nominees (Europe) Ltd - 100,275,174 (15.1225%)
Barclayshare Nominees Ltd - 70,413,360 (10.6191%)
L R Nominees Ltd - 31,181,258 (4.7025%)
Starvest Plc - 27,840,000 (4.1986%)
HSDL Nominees Ltd - 26,052,891 (3.9290%)
Investor Nominees Ltd - 24,298,568 (3.6645%)
Hargreaves Lansdown (Nominees) Ltd - 22,048,255 (3.3251%)
Hartmann Capital Nominees Ltd - 21,475,000 (3.2387%)
Hargreaves Lansdown (Nominees) Ltd - 20,976,340 (3.1635%)
Updated from Regency Mines website 23.07.2012
3/F, 55 Gower Street
1 Ivybridge House
1 Adam Street
Telephone: +44(0) 207 747 9960
Fax: +44(0) 207 402 8738
Nomad: Religare Capital Markets Ltd
Solicitor: Ronaldsons LLP
Broker: Simple Investments
Transfer Agent: Share Registrars Limited