Introduction

Regal Resources Limited is a newly formed Australian public company established to acquire, explore and develop gold, nickel and other mineral prospective assets in the Laverton area in Western Australia.

Having listed on the Australian Stock Exchange in June 2005, in which the company's public capital raising of $3 million was over subscribed, Regal Resources has successfully commenced its strategy of consolidating its tenement holding in the north eastern goldfields, and increasing the resource base through drilling to a level that will support a move into production.  

Regal Resources (ASX: RER) has a resource base of over 497,000 ounces of gold and several priority drilling targets. Drilling results have been encouraging and in line with expectations that were outlined in the company's prospectus. Regal has recently acquired the Menzies project that will add 172,000 ounces to the resource inventory, including optimised reserves of 35,304 ounces (at $750/oz gold price).

Company directors are also investigating acquiring further projects in the Laverton area.

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