This announcement replaces the one released at 7 a.m. on Wednesday 25 April, RNS Number 9916B. This announcement contains the link to the correct report prepared by CSA Global.
Area
|
Lith Type
|
Class
|
Cut off
Ni%
|
Vol ‘000m3
|
Tonnes ‘000 t
|
Ni%
|
Fe%
|
Co%
|
MgO%
|
SiO2%
|
South
|
Limonite
|
Indicated
|
0.6
|
1,618
|
1,699
|
1.00
|
40.93
|
0.11
|
4.05
|
15.84
|
Inferred
|
0.6
|
36,958
|
38,805
|
0.89
|
39.77
|
0.11
|
4.87
|
16.84
|
||
Total
|
0.6
|
38,575
|
40,504
|
0.90
|
39.82
|
0.11
|
4.84
|
16.80
|
||
Saprolite
|
Indicated
|
0.6
|
1,648
|
1,928
|
1.05
|
13.75
|
0.04
|
23.12
|
44.84
|
|
Inferred
|
0.6
|
22,565
|
26,401
|
1.02
|
14.29
|
0.04
|
22.43
|
42.82
|
||
Total
|
0.6
|
24,213
|
28,330
|
1.03
|
14.25
|
0.04
|
22.48
|
42.96
|
||
Total
|
Indicated
|
0.6
|
3,266
|
3,627
|
1.02
|
26.48
|
0.07
|
14.19
|
31.26
|
|
Inferred
|
0.6
|
59,523
|
65,207
|
0.95
|
29.45
|
0.08
|
11.98
|
27.36
|
||
Total
|
0.6
|
62,789
|
68,834
|
0.95
|
29.30
|
0.08
|
12.10
|
27.57
|
||
North
|
Limonite
|
Indicated
|
0.6
|
0
|
0
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
Inferred
|
0.6
|
17,647
|
18,530
|
0.89
|
43.48
|
0.11
|
2.94
|
12.71
|
||
Total
|
0.6
|
17,647
|
18,530
|
0.89
|
43.48
|
0.11
|
2.94
|
12.71
|
||
Saprolite
|
Indicated
|
0.6
|
0
|
0
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Inferred
|
0.6
|
6,580
|
7,699
|
1.20
|
14.35
|
0.05
|
24.16
|
40.31
|
||
Total
|
0.6
|
6,580
|
7,699
|
1.20
|
14.35
|
0.05
|
24.16
|
40.31
|
||
Total
|
Indicated
|
0.6
|
0
|
0
|
0.00
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Inferred
|
0.6
|
24,227
|
26,228
|
0.99
|
34.93
|
0.10
|
9.17
|
20.81
|
||
Total
|
0.6
|
24,227
|
26,228
|
0.99
|
34.93
|
0.10
|
9.17
|
20.81
|
||
Total
|
|
Indicated
|
0.6
|
3,266
|
3,627
|
1.02
|
26.48
|
0.07
|
14.19
|
31.26
|
Inferred
|
0.6
|
83,750
|
91,435
|
0.96
|
31.02
|
0.08
|
11.18
|
25.48
|
||
Total
|
0.6
|
87,016
|
95,062
|
0.96
|
30.85
|
0.08
|
11.29
|
25.70
|
For further information contact:
Andrew Bell
|
0207 402 4580 or
07766 474849
|
Regency Mines plc
|
Chairman
|
Sandra Spencer
|
0207 402 4580 or
07757 660 798
|
Regency Mines plc
|
Public and Investor Relations
|
Phillip Davies/David Porter
|
020 7444 0800
|
Religare Capital Markets
|
Nominated Adviser
|
Nick Emerson
|
01483 413500
|
Simple Investments Ltd
|
Broker
|
Updates on the Company's activities are regularly posted on its website, www.regency-mines.com.
Co
|
Chemical symbol for Cobalt
|
Cut-Off Grade
|
The estimated lowest grade of ore to be considered and included in the potentially economic part of the deposit
|
Fe
|
Chemical symbol for Iron
|
Grade
|
Quantity of metal for unit weight of host rock
|
Ground Penetrating Radar
|
Is a geophysical method that uses radar pulses to image the subsurface. This non-destructive method uses electromagnetic radiation in the microwave band (UHF/VHF frequencies) of the radio spectrum, and detects the reflected signals from subsurface structures. GPR can be used in a variety of media, including rock, soil, ice, fresh water, pavements and structures. It can detect objects, changes in material, and voids and cracks.
|
Indicated Mineral Resource
|
Defined in the JORC Code as "An ‘Indicated Mineral Resource’ is that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence.”For the purposes of the CSA resource estimate, Indicated Resources are defined by 100 x 100m drill hole spacings or smaller.
|
Inferred Mineral Resource
|
Defined in the JORC Code as "An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which tonnage, grade and mineral content can be estimated with a low level of confidence.” For the purposes of the CSA resource estimate, Inferred Resources are defined by drill spacings of greater than 100 x 100m, with drill spacings generally being on 200 x 200m and 200 x 400m spacings.
|
JORC
|
The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the ‘JORC Code’ or ‘the Code’) sets out minimum standards, recommendations and guidelines for Public Reporting in Australasia of Exploration Results, Mineral Resources and Ore Reserves
|
Laterite
|
A strongly leached, iron and aluminium rich rock, formed at the surface by weathering in tropical conditions
|
Limonite
|
An amorphous, hydrated iron oxide, dark brown to black, occurs in earthy masses of various forms.
|
MgO
|
Chemical symbol for Magnesium Oxide
|
Mineral Resource
|
A concentration or occurrence of material of economic interest in or on the Earth's crust in such a form, quality, and quantity that there are reasonable and realistic prospects for eventual economic extraction. The location, quantity, grade, continuity and other geological characteristics of a Mineral Resource are known, estimated from specific geological knowledge, or interpreted from a well constrained and portrayed geological model
|
Mineralization
|
Accumulations of economic or related minerals
|
Mt
|
Millions of dry metric tonnes
|
Ni
|
Chemical symbol for Nickel
|
Saprolite
|
A soft, earthy, red or brown, clay-rich and totally decomposed rock, formed in place by chemical weathering of igneous or metamorphic rocks, particularly in humid climates. Structures that were in the unweathered rock are preserved in saprolite.
|
SiO2
|
Chemical symbol for Silicon Dioxide
|
http://www.rns-pdf.londonstockexchange.com/rns/9961B_1-2012-4-24.pdf