Coal Update

RNS Number : 7949A

Regency Mines PLC

28 March 2017

 

REGENCY MINES PLC

("Regency" or the "Company")

Coal Update

28 March 2017

Regency Mines Plc announces the acquisition, for nominal consideration, of a 20% interest in the Black Creek coal property located in Alabama, United States of America, in the Warrior Coal Basin.

Key Highlights:

·     Northeast of the 20% owned Carbon Minerals Corporation's Rosa metallurgical coal mine

·     A permitted area of 287 acres in six increments with a target of 2m tons of extractable metallurgical grade coal

·     Similar metallurgical coal qualities to Rosa coals

Andrew Bell, Chairman of Regency Mines, comments: "This addition of coal assets within trucking distance of the Rosa preparation plant creates additional future production and blending options, including for the production of high value specialist coals, and secures an additional source of high quality coal".

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Andrew Bell 0207 747 9960                                                  Chairman Regency Mines Plc

Scott Kaintz 0207 747 9960                                                   Executive Director Regency Mines Plc

Roland Cornish/Rosalind Hill Abrahams 0207 628 3396    NOMAD Beaumont Cornish Limited

Jason Robertson 0129 351 7744                                           Broker Dowgate Capital Stockbrokers Ltd.

 

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