RRL - REGIS RESOURCES LIMITED

[OMS]

In reply to: Aussie One on Wednesday 18/01/06 07:27pm

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Regis gets gold cash

Ben Sharples

Tuesday, January 17, 2006

 

JUNIOR explorer Regis Resources has topped up the coffers to the tune of $11 million, with funds going toward progressing its Moolart Well gold project near Laverton in Western Australia.

 

Regis issued 110 million shares at an issue price of 10c per share to an undisclosed European institutional investor, with the raising coordinated by Australian-based BBY.

 

The junior said the funds would be used to rapidly progress detailed exploration and evaluation of its Moolart Well project, meet its obligations under the transaction with Newmont, and fund the company's exploration 2006 exploration programs.

 

"[Moolart Well] is the centrepieceÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¦there is around 1.7 million ounces of gold in JORC code resource, made up of seven deposits," Regis managing director David Walker told MiningNews.net.

 

"In order for the gold project to go, one of the gold deposits up there has to be capable of being a standalone operationÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¦[and] at the moment, of the seven deposits, you couldn't develop one on its own.

 

"If Moolart Well gets to a stage where it can be developed as a standalone, then all of the deposits there will go."

 

Walker said a resource update for the 458,000-ounce Moolart Well deposit was expected shortly.

 

"We're waiting with baited breath to see what this resource upgrade is and then we'll do some mining studies to see if it's economic, so we're pretty optimistic," Walker said.

 

"It's quite important, if [the update] determines that Moolart Well can be exploited economically, then the region will be looking at new development, and that's really what this capital raising is, giving us this opportunity."

 

Shares in Regis hit a 52-week high of 17.5c in February before slipping to a 52-low of 8.8c in May. The stock remained unchanged during the yesterday's trade to close at 11c.

 

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Most significant short term news will be the Moolart Well Resource upgrade. This info will probably come out in the quarterly activities statement or as a seperate annc outside that..

Then, its full steam ahead to get all that yellow stuff out of the ground.. should be a good ride in the next month or so. Fingers crossed that the well is commercially viable

 

[danger]

i note that the Wallstreet reporter website recently ran a profile on RRL.

you can listen to it here:

www.wallstreetreporter.com/profile.php?id=15830

 

i dont own them yet, but they look worthy of adding to your watch list and maybe accumulating on any weakness.

[OMS]

In reply to: danger on Thursday 02/02/06 01:52pm

danger,

they pulled the content before i could hear it http://www.sharescene.com/html/emoticons/sad.gif

 

well things are going to plan, although progressing at a slow pace compared to other miners..

Doesnt matter if you are patient

 

Here are some updates:

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ The Moolart Well gold project resource has been increased by 120% to 1.0 million oz.

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ The resource has been calculated to a vertical depth of approximately 70 metres;

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ The gold inventory in the Duketon region has now increased to 2.29 moz from 1.74

moz;

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ The Moolart Well gold resource upgrade significantly increases the potential for a

stand-alone mining development centred on the Moolart Well project;

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Evaluation studies on Moolart Well are set to expand and accelerate.[/b]

 

The above was highlighted in the news grab i pasted earlier, now its a reality.

 

Now after the resource upgrade we also had the completion of Newmont deal which paves the way for JV activities between Regis and Newmont..

 

Next we wait for the 06 exploration/drilling programme to unfold so we can see what resources they can uncover.. having said that, they are already off to a good start and can be confident having Newmont experience in their corner

 

I hold

[Maureen]

QUOTE (OMS @ Monday 06/02/06 08:16pm)

expect at least a 50% resource upgrade in 5 or so weeks time. Cheap entry at these levels for a future gold producer.

I value this at around 19 cents currently. Will be a whole lot more in a few months time.

13-14 cents good buying.

cheers

http://www.sharescene.com/html/emoticons/ph34r.gif

[danger]

go for it Maureen.

i've been buying for a while now.

its looking good, and i reckon'll it'll fly when the upgrade comes through.

 

good luck.

[raz0rback]

According to the announcement made on the 25/9/06 the expected resource upgrade is due 'within four weeks' which is next friday.

 

The upgrade of the richer saporite resource will significantly increase the amount grade and confidence of the resource.

 

I expect to see a run to over 15.5c

 

Thats around a 40% return in one week. Smart trade? Your thoughts?

[caitlyn]

Been watching this one, chart is starting to show movement.

 

Very controlled buying happening here at the moment, someone takes a big chomp and then leaves it, only to come back the next day or two and do the same. I think once 12.5c is cleared it should be an easy run to 15c.

 

Good luck holders. http://www.sharescene.com/html/emoticons/biggrin.gif

I don't currently hold

[danger]

directors have been buying last few days.

upgrade imminent.

they now own 100% of Duketon so the impac ton the shareprice should be significant.

should be good. +15c easy when it comes out.

[wind2close]

In reply to: danger on Wednesday 25/10/06 10:24am

26 October 2006

Manager Announcements

Company Announcements Office

Australian Stock Exchange Limited

4th Floor, 20 Bridge Street

Sydney NSW 2000

Dear Sir

Regis Discovers EM Conductor Anomalies at Collurabbie

Key Points

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Regis Resources NL (ASX:RRL) has discovered several significant TEM

(electromagnetic) conductor anomalies over a 10 km strike length in a virtually

unexplored part of the Collurabbie block;

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ The anomalies are considered to be prospective for massive nickel-copper-

PGE sulphide mineralisation;

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Anomaly modelling indicate depth to the top of the conductors ranging from

15m to +300m;

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Historical drilling results in the area indicate the presence of significant nickelcopper-

PGE values in a mixed mafic volcanic-sediment sequence;

ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ Aircore drilling is currently underway to test the anomalies and the host

stratigraphy, deeper diamond drilling is planned to commence shortly.

Summary

Regis Resources NL (ASX:RRL) has discovered a number of significant TEM conductor anomalies in

the Tasman region of the Western Ultramafic Zone (WUZ) at Collurabbie, in an area that has not

been previously effectively explored. The conductors are prospective for massive nickel-copper-PGE

(platinum group elements) sulphide mineralisation, similar to that which occurs at the Olympia

prospect held by BHP Billiton and Falcon Minerals in the tenement adjoining to the north. The

conductor anomalies sit within a north-south trending mixed mafic volcanic-sediment sequence

adjacent to the two main ultramafic units, and are modelled to be generally conformable with the

stratigraphy. Historical drilling in the area has not effectively tested these basement positions,

although anomalous nickelÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“copper-PGE results exist in adjacent holes. A program of detailed

geochemical drilling, followed by deeper diamond drilling is underway.

Background

In July 2005 Regis became manager of most Duketon Joint Ventures and commenced a nickel

exploration program over the largely-unexplored Collurabbie Block. The new exploration program has

focussed on TEM (transient electromagnetic) surveying of the prospective ultramafic belts combined

with aircore geochemical sampling down to the base of weathering at approximately 40m depth.

Tenement Position

Regis holds the majority of the Archaean Collurabbie block under licence through the Duketon joint

ventures with Newmont subsidiary, Newmont Duketon Pty Ltd. The Regis tenements adjoin the BHP

Billiton ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ Falcon Minerals tenement to the north, where massive nickel-copper-PGE sulphide

mineralisation has been intersected at the Olympia prospect. Following shareholder approval

expected in December 2006, Regis will move to 100% ownership of Newmont Duketon and of the

Duketon joint ventures. RegisÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ equity interest in the Collurabbie Block following the move to 100%

interest is shown in Fig 1.

ABN 28 009 174 761

Level 11, 461 Bourke Street

Melbourne Victoria 3000 Australia

Telephone: +61 3 8602 6500

Facsimile: +61 3 8602 6560

Fig 1. Regis tenement holdings and nickel prospects, Collurabbie Block.

Collurabbie TEM Survey

Regis commenced systematic TEM (transient electromagnetic) surveying of the three main ultramafic

zones in the Collurabbie Block in mid 2005. The surveying commenced on the Western Ultramafic

Zone (WUZ) which is the interpreted southern extension of the ultramafic horizons present in the BHP

Billiton ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ Falcon Minerals tenement adjoining to the north. During 2006 the TEM survey continued to

extend cover of the WUZ to the south and is currently underway in the CUZ. The TEM survey has

been conducted on 100m/200m line spacing across the prospective stratigraphy, subject to access.

The TEM conductor anomalies discovered at the Tasman prospect are illustrated in Fig 2. Two

distinct groups of anomalies occur over the 10km strike length: a group of high response anomalies

developed intermittently within the eastern mafic-sediment stratigraphy, and a second group of lowerorder

anomalies developed on both the upper and lower contacts of the ultramafic units.

Geophysical interpretation

Modelling of the conductor anomalies indicates that the bodies generally lie parallel with the

interpreted strike and dip of the stratigraphy, although some bodies cross-cut the general trend.

Although pyritic black shales are present in the sequence, the association of a number of the

anomalies with isolated and short strike-length magnetic responses suggest the conductors are not

simply formational. Interpreted depth to the conductor varies from 15m (the base of weathering) to

over 300m depth. In some locations multiple, parallel conductor plates are interpreted such as shown

in Fig 3 on line 6994500mN. Drilling of the conductors is required to further refine the model.

Fig 2. Tasman Project Geology and TEM conductor anomaly

Geochemical Drilling

Most of the historical geochemical drilling in the area was focussed on exploration for shallow lateritic

gold mineralisation within the top 20m and has only rarely tested basement lithologies. Over the

10km strike of the Tasman anomalies, only four regional historical drill traverses exist. Over the

interpreted position of the conductors these holes are 100m spaced apart and a maximum of only

18m deep, and have not tested the conductor position. Notwithstanding this limitation, significant

nickel results have been reported in the projected up dip position of the conductor anomalies. More

recent drilling in the area by Regis has also returned anomalous nickel, copper and PGE levels from a

basic volcanic - sediment sequence along strike of one of the conductors

Fig 3. TEM profile, Tasman Line 6994500mN, X component channels 1-33

Proposed Program

A program of shallow aircore drilling across the conductor anomalies over the prospective 10km strike

length is underway and will lead to the detailed identification of the host stratigraphy in the area, as

well as a geochemical profile of the anomalous bodies in the weathered zone. Deeper diamond

drilling is planned in the current quarter on selected targets below the base of weathering determined

from these results.

Yours sincerely

David Walker

Managing Director

For further information contact:

Mr David Walker Dr Michael Folie

Managing Director Chairman

Regis Resources NL Regis Resources NL

03 8602 6500 03 8602 6500

[Zaitech]

Insider Trader play continues to attract attention..

 

Happy Trading

Z