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Update - Mambare and Direct Nickel

10 Aug 2011 14:15

RNS Number : 1157M
Regency Mines PLC
10 August 2011
 



Regency Mines PLC

('Regency' or the 'Company')

Update - Mambare and Direct Nickel Ltd

 

10 August 2011

 

Regency Mines, the mining exploration and mineral investment company with interests in nickel and other minerals in Western Australia, Queensland, Papua New Guinea and Pakistan, reports on activities.

Mambare Joint Venture, Papua New Guinea

Drilling continues at Mambare, the Joint Venture nickel-cobalt project between Direct Nickel Pty Ltd ("DNi") and Regency in Papua New Guinea. Visa delays continue due in part to recent political uncertainty surrounding the appointment of a new Government, and may continue to restrict the scale of drilling operations.

Full results from the ground penetrating radar programme are awaited.

Positive visual results and good depths of ore-bearing material from the drilling have been recorded, but no results will be announced until sample analysis results have been received from the laboratory.

A hearing was held on the application for ELA 1953 (geothermal application), with no objections made.

Direct Nickel Pty Ltd

Wintech Group Ltd (ASX:WTG), a company admitted to the official list of the Australian Stock Exchange whose Ordinary Shares are currently suspended from trading, has issued a Notice of Meeting for a general meeting to be held on 2 September 2011, at which proposals for the acquisition of at least 80% of DNi and a change of name to Direct Nickel Ltd will be proposed. Upon passage of the resolutions, Regency expects that it would in due course be offered shares equivalent to approximately 7% of the issued capital of Wintech Group Ltd. and that WTG would apply for re-quotation of its shares on the ASX.

Further details may be seen at: http://www.asx.com.au/asxpdf/20110804/pdf/4206fmhghwmwj9.pdf

 

For further information contact:

 

Regency Mines PLC Andrew Bell, Chairman 0207 402 4580

  Sandra Spencer, Public and

Investor Relations 0207 402 4580

 

Nominated Adviser

Religare Capital Markets Peter Trevelyan-Clark/Ben Jeynes 020 7444 0800

 

Broker

Simple Investments Ltd Nick Emerson 01483 413500

 

Updates on the Company's activities are regularly posted on its website www.regency-mines.com.

 

Note: DNi is a private company incorporated in Australia. Itis currently demonstrating a potentially revolutionary process with attractive economics for treating laterite nickel ores (the "Direct Nickel Process" or the "Process").

The Direct Nickel Process is a hydrometallurgical process for treating nickel laterites with unprecedented efficiency and environmental benefits. It is designed to operate with tank leaching at atmospheric pressure, and is the first to treat both limonite and saprolite ores with a single flowsheet. The Process recycles its novel reagents, offers high cobalt and nickel recoveries with short residence time, produces mixed hydroxide precipitates ("MHP") or sulphide concentrate, has substantially lower capital and operating costs than competing processes and is fully scalable.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCURSURAUAWAAR
Date   Source Headline
5th Aug 20138:49 amRNSSudan Update
26th Jul 20139:50 amRNSFraser Range Project Update
19th Jul 201311:41 amRNSUpdate on Direct Nickel Limited
16th Jul 201312:06 pmRNSFraser Range Project - Update
1st Jul 201311:14 amRNSFraser West Project - Update on Disposal
27th Jun 20132:22 pmRNSIssue of Equity
3rd May 20135:14 pmRNSDisposal of Investment
24th Apr 20132:51 pmRNSUpdate on Direct Nickel Limited
12th Apr 20135:14 pmRNSAdditions to Agrominerals License Areas
9th Apr 20135:39 pmRNSIssue of Equity
4th Apr 20135:04 pmRNSIssue of Shares under Share Incentive Plan
28th Mar 20139:45 amRNSHalf Yearly Report
27th Mar 20132:35 pmRNSAustralian Exploration Update
1st Mar 20131:06 pmRNSOperational Update
20th Feb 20131:02 pmRNSIssue of Equity
13th Feb 20131:50 pmRNSDirect Nickel Limited Update
29th Jan 20136:07 pmRNSGrant of Options
17th Jan 201312:27 pmRNSUpdate on Direct Nickel Limited
15th Jan 20136:20 pmRNSDirectors Shareholdings
15th Jan 20131:04 pmRNSIssue of Equity and Directors' Dealing
31st Dec 201211:37 amRNSResult of AGM
27th Dec 201212:24 pmRNSPlacement and Equity Swap
20th Dec 20124:36 pmRNSUpdate on Direct Nickel Limited
13th Dec 20124:40 pmRNSSecond Price Monitoring Extn
13th Dec 20124:35 pmRNSPrice Monitoring Extension
5th Dec 20126:13 pmRNSIssue of Equity
3rd Dec 20121:46 pmRNSFinal Results
30th Nov 20123:25 pmRNSStatement of Directors' Shareholdings
30th Nov 20123:09 pmRNSUpdate on Operations
15th Nov 20123:12 pmRNSIssue of Warrants
7th Nov 20124:11 pmRNSIssue of Equity
26th Oct 201212:49 pmRNSFraser West Project - Disposal of Interest
22nd Oct 20124:26 pmRNSIssue of Equity
1st Oct 20124:53 pmRNSUpdate on Direct Nickel Limited
28th Sep 20125:53 pmRNSIssue Of Equity
21st Sep 20122:41 pmRNSAustralia - Fraser West Project Update
5th Sep 20124:30 pmRNSAustralian Exploration Update
24th Aug 20126:05 pmRNSIssue of Equity - Replacement
20th Aug 20123:01 pmRNSIssue of Equity
16th Aug 201211:33 amRNSAgromineral Option Amendment
8th Aug 20127:00 amRNSIssue of Shares under Share Incentive Plan
1st Aug 20127:00 amRNSThird Tranche Admission Date
27th Jul 20124:40 pmRNSSecond Price Monitoring Extn
27th Jul 20124:35 pmRNSPrice Monitoring Extension
4th Jul 20121:06 pmRNSGrant of Agromineral Option
3rd Jul 201211:00 amRNSChange of Adviser
2nd Jul 20124:45 pmRNSIssue of Equity
20th Jun 201210:32 amRNSMAMBARE NICKEL LATERITE PROJECT AND DIRECT NICKEL
13th Jun 201211:06 amRNSReplacement - Increased MRE for Mambare
13th Jun 20127:00 amRNSIncreased Mineral Resource Estimate for Mambare

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