REGAL RESOURCES LIMITED - ASX: RER

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Description

Regal Resources holds the exclusive world-wide licence rights to develop the Underground Coal to Liquids (UCTLTM) process which aims to convert low rank brown / coal lignite into hydrocarbon and gas products. The process is novel, with two patents pending, and if successful, is highly likely to offer significant advantages over competing coal-to-oil technologies. Regal Resources still retains its substantial resource base concentrated on gold and nickel in some of Western Australia’s most perspective regions, including the proven Laverton fields, and has a significant register of priority drilling targets.

Gold and Nickel Projects

Regal Resources projects are focused in the Menzies, Leonora and Laverton areas of Western Australia. The main project areas are Menzies, Eucalyptus, Kookynie, Mt Zepher, Mt Korong, Malcom, St Goose and Wilga.

The Company is in Joint Venture Agreements with:
- Silverlink Nominees Pty Ltd on its mining and exploration projects at Mt Zepher, Mt Korong and Mt Goose
- Ozmay Pty Ltd on its Eucalyptus and Malcolm Projects
- Black Mountain Gold Pty Ltd on its Menzies Project

Joint Venture with Green Power Energy Limited

Regal Resources has a Farm-In Agreement with Greenpower Energy Limited, through its wholly owned subsidiary MOL Gippsland Limited ("MOL"). The objective of the farm-in is to establish the existence of a resource of coal / carbonaceous material sufficient to support a commercial operation of the UCTLTM process. Green Power holds Exploration Licence 4860, and under the terms of the farm-in, the Company has the right to earn up to 70% of the Exploration Licence in return for a sub-licence of the UCTLTM Technology.

Joint Venture Agreement with Enhanced Biogenic Methane Ltd

Regal Resources has entered into a Joint Venture Agreement with Enhanced Biogenic Methane Limited ("EBM"), which has an exclusive Australian licence to patented biogenetic methane enhancement (BME) technology from the Western Research Institute (WRI) of Wyoming. The Company has granted EBM access to its Oak Park Pilot Test site to conduct a demonstration project (subject to regulatory approvals). EBM will invest $300,000 to fund a single well technology demonstration at Oak Park that is expected to commence during Q1 2010. Any methane produced from the use of the BME technology will be shared between EBM and Regal on a 50 / 50 basis.

Mine For

gold, nickel

Location of operation(s)

Western Australia

Address

Level 14, 31 Queen St
MELBOURNE, VIC, AUSTRALIA

Phone

(61 3) 8610 8633

Email

Website

http://www.regalresources.com.au

Last Updated

02/03/2010