Regency Mines plc, a mining exploration and mineral investment company with interests in nickel and other minerals in Australia, Africa, and Papua New Guinea announces that it has agreed the sale of the majority of the rights to the Fraser West Project in Australia to RAM Resources Limited (ASX:RMR)("RAM"), a company listed on the Australian Stock Exchange.
The Fraser West Project, described more fully in the Company's announcement of 21st September 2012, consists of three tenements with an area of 271 sq km in the Fraser Range area of Western Australia ("Tenements"). These three tenements were granted to Regency Mines Australasia Pty Ltd ("RGMA"), a wholly owned subsidiary of the Company, in the last three months and have a cost of less than AUD 20,000.
RMR Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
