An item from the Minesite.com in December 2006.
Regency Mines, which is listed on AIM, has a 75 per cent interest in the Mambare nickel project in Papua New Guinea where previous exploration by Anaconda in the sixties revealed substantial nickel tonnages. Regency also owns 60 per cent of AIM listed Red Rock Resources whose exploration portfolio is mostly iron ore and manganese in Western Australia. The value of the investment in Red Rock is worth more than Regency so realignment should take place in 2007