Executive Summary
Regency Mines plc 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 holds 8.2m shares in Thor (4.5%) and 101.25m shares in Red Rock (62.6%). The assets now held by Thor and Red Rock were not part of the portfolio held by Regency at the time of its IPO in February. 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, a programme for the Lake Johnston belt is being planned.
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