Corcel Plc · LSE:CRCL
Corcel — Regency Mines — Shareholder Meeting (December 2009)
18 slides from Corcel's shareholder meeting presentation, December 2009
Slide 1: Regency Mines plc Company Outline
REGENCY MINES plc Company Outline December 2009
Slide 2: Company Snapshot
Company Snapshot Nickel - Papua New Guinea Nickel – WA Copper – Queensland 25.6% of Red Rock Resources plc 13% of Alba Mineral Resources plc Other investments – Cue Resources, Greatland Gold
Slide 3: Summary
Summary Market Cap ￡6.7 million (@1.7p) Shares in issue: 396,128,752 Markets: RGM (London AIM), RM4 (Frankfurt) Transaction led explorer and mining investment house
Slide 4: Directors
Directors Andrew Bell, MA, LLB, FGS Executive Chairman Former mining analyst Chairman, Red Rock Resources plc, Greatland Gold plc Edward Bugnosen Director Experienced mining engineer with 36 years experience Worked on assignments for various NGOs and international agencies Julian Lee MA (Cantab), AC
Slide 5: Mambare Project
Mambare Project Mambare Plateau in Oro Province Road from Kokoda to Oro Bay = 110km Deep water port at Oro Bay Giant Ni/Co project
Slide 6: Mambare Plateau, PNG
Mambare Plateau, PNG Some 400 sq km Recent exploration in 1999 by Anaconda Mining estimated potential of 628mt at 0.78% (0.5% cut off), and 198mt at 1.01% (0.8% cut off) in 158 sq km area of tenement Potential in limonite of 200 Mt of 1% nickel and 0.1% cobalt, in saprolites of 200 Mt of 1.25-1.5% n
Slide 7: Mambare Comparison
Mambare Comparison Potential new nickel laterite mines, resource (million tonnes) and grade (%) AFeNi A Other (mainly PAL) — T T, . 2 207 ae eee Pail wo Sechol & Barro Alto A | noe ies 3 a OncaF 5 i i Nakety-Bogota o ANornico C ap Bocage » Celestial Al 4 A Spi q $ 1.0 Caldag dh Wtowo H b,a°3 4 Beron
Slide 8: 2008/9 Exploration
2008/9 Exploration 51.2 km GPR Survey completed - indicates 4-24m of ash and limonite overlying up to 10m of saprolite with profile up to 35m Metallurgical testwork at GRINM 4000m core drilling programme - 335 holes, max depth 36.4m Drilling in SW of license – 2 good grade orebodies, one E and one W
Slide 9: Mambare - Drilled Area
Mambare - Drilled Area
Slide 10: Schematic Grades - Drilled Area
Schematic Grades - Drilled Area
Slide 11: Exploration Australia
Exploration Australia Lake Tay Western Australia – sulphide nickel Lake Johnston greenstone belt – one of three main ultramafic belts Much of belt recently identified and still unexplored Exciting prospects Kambalda New highly prospective tenement
Slide 12: Exploration Australia
Exploration Australia Lake Tay Western Australia – sulphide nickel Lake Johnston greenstone belt – one of three main ultramafic belts Much of belt recently identified and still unexplored Exciting prospects Kambalda New highly prospective tenement
Slide 13: Exploration Australia 2
Exploration Australia 2 Lake Tay South E74/436 o Regency Mines Ltd Tenements Ground optioned from Golden Archer Ni Sulphide mine or prospect Ni Laterite mine or prospect REGENCY MINES LTD TAY PROJECTS
Slide 14: WA Programme
WA Programme • Geophysics – priority targets • 3 conductors and 1 mag anomaly • Greenstone belt cuts Jerdacuttup fault • Gold, Nickel, base metal targets • January start • Phase 1 Feb, with 4000m drilling • Test depth of transported cover • Follow up MMI and ground EM? • Follow up drilling?
Slide 15: Nickel Development Plan
Nickel Development Plan PNG: bought 25% of local subsidiary resulting in 100% ownership of asset PNG: JV with Direct Nickel Pty Ltd (financial/technical partners) announced – further developments soon Australia: ground position in Lake Johnstone trend - nickel sulphide belt in Western Australia - st
Slide 16: Bundarra
Bundarra Queensland Soil sampling in 2 areas Significant Cu/Au anomalies, peak 3.1% Cu, 0.9 g/t Au, 10.8 g/t Ag 104 hole, 3,033m RAB drill programme U anomalies at margin of intrusion
Slide 17: Alba - nickel-bearing intrusions in Scotland
Prospective nickel-bearing intrusions in Scotland Alba - nickel-bearing intrusions in Scotland Modified from Fletcher et al., 1989
Slide 18: Thank you
Thank you