Regal Resources (ASX:RER) is focussed on the Kalongwe high grade...

Regal Resources (ASX:RER) is focussed on the Kalongwe high grade copper-cobalt project, which is located in the Katanga Province, DRC.

The maiden resource includes; 10.41Mt at 2.65% copper for 276,000T, and 1.94Mt at 0.69% cobalt for 43,000T.

RER is targeting an increase in confidence categories, and also to expand the resource, in the current drilling program.

Positive metallurgy results indicate HMS as potential viable option.

A Scoping Study is also underway.

RER is now heading to market with a capital raising.

The ASX has granted the company a trading halt, with its shares placed in pre-open.

The halt will remain in place until the opening of trade on Wednesday 15th October 2014, or earlier if an announcement is made to the market.