Slide 1: Regency Mines plc
@REGENCYMINES Regency Mines plc
Slide 2: Disclaimer
Disclaimer These presentation slides (the “Slides”) do not constitute an offer to the public or an offer for sale or solicitation to purchase or subscribe for any securities of the Company and they should not be relied on in connection with a decision to purchase or subscribe for any such securities
Slide 3: Corporate Profile
Corporate Profile Regency Mines plc – base metals exploration , mining finance and technology London AIM Listing: RGM Share Price: 1.65p Three Divisions Market Capitalisation: £10.87m Lateritic Nickel and Cobalt – Papua New Guinea Shares in Issue: 663,084,209 Regency Mines Australasia Directors: And
Slide 4: Corporate Statistics
Corporate Statistics RGM Investments Holdings Market Total Shares RGM Shares % Holding Price Value Listed RRR AIM 884,149,814 145,764,666 16.49% 0.0200 £ 2,915,293 ORCP AIM 214,211,000 23,600,000 11.02% 0.0388 £ 915,680 Alba AIM 143,050,416 31,384,047 21.94% 0.0048 £ 150,643 Greatland Gold AIM 350,6
Slide 5: Papua New Guinea Lateritic Nickel and Cobalt
PAPUA NEW GUINEA Lateritic Nickel and Cobalt 5
Slide 6: Mambare Nickel Exploration Project
Mambare Nickel Exploration Project o JORC compliant Mineral Resource Estimate (MRE) announced, Q2 2012 o 162.5 million tonnes grading 0.94% nickel and 0.09% cobalt (combined Indicated & Inferred) o Lateritic nickel-cobalt exploration o Tropical, lateritic Nickel o Mambare Plateau, Oro Province o Exp
Slide 7: RGM - DNi Joint Venture Structure
RGM - DNi Joint Venture Structure 8.68% 50% 50% 100% EL1390 • 20 Year License from DNI for lateritic treatment technology • Capped at 40k tons per annum • Options to increase to 90k tons per annum • Right to a license for any agreed additional project • RGM 1% GSR on sales revenue from Mambare 7
Slide 8: JORC Mineral Resource Estimate
JORC Mineral Resource Estimate o June 2012 JORC MRE (Indicated & Inferred) - CSA Global o 162.5 million tonnes grading 0.94% nickel & 0.09% cobalt o 1.53 million tonnes of contained nickel o 455 drillholes (2008 & 2011), total 7,400m, average depth 16.3m o 2 resource areas: ‘North (Mambare Plateau)’
Slide 9: Mambare Samples and the DNi Process
Mambare Samples and the DNi Process o Small Scale DNi Process Results o Standard DNi leaching tests run over 5 hour period o Recoveries Test No. 390 From hole Test No. 387 From hole MAM-KK-0001 (9-10m) MAM-KK-0004 (18.5-19.5m) o Excellent Ni and Co extractions o 99.1% Ni and 98% Co for test 387 5h L
Slide 10: Lateritic Nickel
Lateritic Nickel o Nickel o 2/3rds of Ni goes into stainless steel o Burgeoning demand in China and other BRICs o Lateritic Nickel o Iron and magnesium-rich layers straddled by the nickel ore zone o Easy to discover and drill out o Soft ore with low grinding and mining costs o Formed by weathering o
Slide 11: DNi Costs and Details
DNi Costs and Details o Cost Structure o Fully scaleable from 5,000tpa under $200m CAPEX o Makes laterite projects economic o DNi Process Details o Lower technical intensity than HPAL and smelting o Leech at atmospheric pressure – no exotic materials o Recovers 90-95% of nickel in 1 - 4 hours reside
Slide 12: One Flowsheet – Massive Potential
An elegant and robust flowsheet One Flowsheet – Massive Potential o Differentiators o Uses nitric instead of sulphuric acid o Acid consumption of 20-30kg per tonne of ore vs. 500-1,000 kg per tonne using sulphuric o Patents and comprehensive IP protection 12
Slide 13: Mambare Project In Context
Mambare Project In Context Wood Mackenzie/RGM - 2012 13
Slide 14: Mambare Project In Context
Mambare Project In Context Wood Mackenzie/RGM - 2012 14
Slide 15: Mambare Project – Milestones
Mambare Project – Milestones o JORC MRE delivered - April 2012 o Upgraded JORC MRE with 2008, 2011, and Ground Penetrating Radar results delivered - June 2012 o Value Engineering Study – June-Aug 2012 o Disciplined assessment of value, risks, and uncertainty of available development options o Seeks
Slide 16: DNi Test Plant Milestones
DNi Test Plant Milestones o Completion of stage 1 of the Perth test plant announced o Stage 1 to produce Intermediate Product Precipitate (Nickel-cobalt-iron oxide product + magnesium oxide co-product) o Stage 2 to produce a marketable nickel-cobalt mixed hydroxide product + high purity iron and mag
Slide 17: Regency Mines Australasia
REGENCY MINES AUSTRALASIA Base and Precious Metal Exploration 17
Slide 18: RGMA Operational Summary
RGMA Operational Summary o Ravensthorpe (Pyramid Lake): Ti/Sulphur o Phase 2 of drilling programme using Reverse Circulation (RC) and Air Core (AC) techniques o Drilling intersected 2-3.5% Ti in six holes o Mineralogical and metallurgical testwork underway o Pending results additional drilling possi
Slide 19: RGMA Operational Summary
RGMA Operational Summary o Halls Creek: VMS/Base Metals/Graphite o Field visit Sept 2011 o July 2012 o Soil sampling for VMS mineralisation o Rock chip sampling of graphitic schists o Other Tenements: o Drill programmes for both Kambalda and Bundarra designed for early 2013 o New Tenements RGMA has
Slide 20: Australasia Project Summary
Australasia Project Summary Existing Tenements: Targets Pyramid Lake (Ravensthorpe): Sulphides and Gold Munglinup East: Graphite and Magnesite Kambalda Project: Nickel Sulphides and Gold Bundarra: Copper and Gold Little Mt. Isa/Halls Creek: Base Metals/Graphite New Tenements: Targets Fraser Range: G
Slide 21: Western Australia Project Locations
Western Australia Project Locations 21
Slide 22: Mining Finance and Technology
MINING FINANCE AND TECHNOLOGY 22
Slide 23: Investments and Holdings
Investments and Holdings o Successful Mining Finance Record o Total investments of over £8m o Red Rock Resources (AIM: RRR) o Floated Red Rock Resources on AIM o Gold production and exploration, iron exploration o Market Cap of £17.9m o RGM retains 16.49% stake worth £2.94m o Oracle Coalfields (AIM:
Slide 24: Investments and Holdings
Investments and Holdings o Direct Nickel Limited o Future listing on ASX o 8.68% Shareholding o Estimated value of £4.4m o Alba Mineral Resources (AIM: ALBA) o Listed on AIM o Market Cap of £770k o 21.94% Shareholding o Value of £150k 24
Slide 25: Contact Details
Contact Details Investment or Project Enquiries: General Enquiries: Andrew Bell Rasa Vaitkute Chairman and CEO Corporate Affairs Manager Email: Andrew.Bell@regency-mines.com Email: Rasa.Vaitkute@regency-mines.com Marketing or CSR Enquiries: Press Enquiries: Natasha Walton Sandra Spencer Head of Mark