Regency Mines plc was formed in 2004 and listed early in 2005 on the London AIM market. Its objectives were to invest in the mining and minerals sector, directly and indirectly, and to explore for nickel, base metals and gold in Western Australia, copper and gold in Queensland and agrominerals in Sudan.
Its deal-making and investment arm has assisted other companies in listing on AIM, including Red Rock Resources plc, which was established by Regency with a portfolio of iron, gold and manganese properties and floated in summer 2005. Regency has also taken a strategic stake in AIM-listed nickel explorer Alba Mineral Resources plc.
Its exploration arm continues to explore assets in Western Australia and Queensland where additional ground has been acquired and mineral prospects have been extended to include titanium, graphite, rare earths and uranium. Whilst also extending into agrominerals such as phosphate, potash and gypsum in Sudan.
The Company’s principal asset is the joint venture with Direct Nickel Ltd ("DNi") in the Mambare nickel-cobalt project in Papua New Guinea. Regency is also a significant shareholder in DNi which owns a laterite nickel treatment technology at pilot plant stage.
Regency retains a 9.58% stake in Red Rock Resources plc.
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