Corcel (CRCL)

Sector:

Mining

Index:

FTSE AIM All-Share

 0.43p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.00
  • 52 Week Low: 0.38
  • Currency: UK Pounds
  • Shares Issued: 524.88m
  • Volume: 7,653,846
  • Market Cap: £2.23m
  • RiskGrade: 424

Regency Mines upbeat on progress at Mambare

By Josh White

Date: Wednesday 22 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Battery metals-focussed natural resource exploration and development company Regency Mines updated the market on its flagship Mambare nickel-cobalt project on Wednesday, following recent successful partner engagements.
The AIM-traded firm said those engagements included a meeting in Sydney earlier in the month with Battery Metals - its partner on the Oro Nickel Joint Venture - around the funding and future operations of the venture.

Regency Mines described the Mambare project as a large nickel-cobalt deposit, with a "substantial" JORC-compliant inferred and indicated mineral resource.

It said 230 kilometres of line cutting had been completed, and a ground-penetrating radar exploration programme was now underway, targeting 200 kilometres of surveys.

The board confirmed an environmental permit application had been submitted, adding that the exploration lease renewal process was underway, and mining lease application material was being finalised.

With regards to its meeting in Sydney, Regency Mines said the joint venture partners were "aligned" on the forward programme.

"I am delighted to report the first substantial exploration activities at our Mambare nickel-cobalt project since 2012," said chief executive officer Scott Kaintz.

"The works underway currently focus on exploring the primary target of the plateau and on allowing the project to transition from short-term exploration licences towards a longer-term mining lease.

"We believe a future direct shipping ore operation at Mambare will perfectly position us to benefit from the strongly growing demand for battery metals."

At 1528 GMT, shares in Regency Mines were down 2.26% at 2.81p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Corcel Market Data

Currency UK Pounds
Share Price 0.43p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.00
52 Week Low 0.38
Volume 7,653,846
Shares Issued 524.88m
Market Cap £2.23m
RiskGrade 424

Corcel Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.12% above the market average33.12% above the market average33.12% above the market average33.12% above the market average33.12% above the market average
20.97% above the sector average20.97% above the sector average20.97% above the sector average20.97% above the sector average20.97% above the sector average
Price Trend
95.36% below the market average95.36% below the market average95.36% below the market average95.36% below the market average95.36% below the market average
87.41% below the sector average87.41% below the sector average87.41% below the sector average87.41% below the sector average87.41% below the sector average
Income Not Available
Growth Not Available

Corcel Dividends

No dividends found

Trades for 16-Aug-2022

Time Volume / Share Price
16:13 27,368 @ 0.40p
14:23 921,376 @ 0.42p
14:08 250,000 @ 0.42p
13:16 82,071 @ 0.42p
12:06 22,831 @ 0.44p

Corcel Key Personnel

CEO Scott Christopher Kaintz

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