Business
Update on Direct Nickel Limited
Update on Direct Nickel Limited.
About this update from Corcel Plc
[{"type":"text","content":"\n \nRNS Number : 7246J Regency Mines PLC 19 July 2013 \n \n\nRegency Mines Plc\n(\"Regency\" or the \"Company\")\nUpdate on Direct Nickel Limited\n19 July 2013\nRegency Mines plc, a mining exploration and mineral investment company with interests in nickel and other minerals in Australia, Africa, and Papua New Guinea is pleased to announce an update on progress at Direct Nickel Limited (\"DNi\"), a company in which Regency is a shareholder holding approximately 7.5% of the shares. DNi is the Company's joint venture partner in the Mambare nickel-cobalt laterite project in Oro Province, Papua New Guinea; a project which has a license for the DNi Process.\n \nAs previously announced by DNi in April and May 2013, Stage 2 of the test plant has been constructed and commissioned. DNi now announces that the plant has produced its first marketable nickel/cobalt concentrate in the form of a Mixed Hydroxide Product (MHP), this from a mixed feed of 25% limonite and 75% saprolite ore. The plant is also recovering nitric acid for reuse in the process, as well as magnesium oxide (MgO), itself a potentially saleable product, from its waste streams as designed. \n \nThis marks the completion of the full flow sheet of the DNi process with the focus now shifting from activation to optimization of continuous operations. The overall test programme is expected by DNi to complete by the end of 2013. \n \nWith twelve of the planned nineteen campaigns now completed, DNi considers this to be a significant milestone in the test plant technical program and a large step forward towards generating the data needed to design an initial commercial plant, commencing in 2014. \n \nThe full text of the release by DNi is given at: \nhttp://www.asx.com.au/asxpdf/20130719/pdf/42h4dpnm4ly84d.pdf \n \nEnquiries:\nAndrew Bell 020 7747 9960 or 07766 474849 Chairman Regency Mines plc\nSandra Spencer 020 7747 9960 or 07757 660 798 &n...