Tian Fang

Exploration has been undertaken at Tian Fang, which is located on an exploration permit at Yinzishan, owned by Simao Regent Minerals Limited, a Sino-foreign joint venture company owned 97.54% by the Company. An initial 1,500 metre drilling programme with one drill rig will test zinc oxide mineralisation that has been uncovered from surface trenching.

 
Daluotang

The project is 40% owned by Regent. Exploration has been undertaken at Daluotang to test the mineralization previously discovered by local geology brigade. A surface trench and its assay results (4.3m@2.77%Cu) demonstrate copper mineralization. A detailed exploration program is underway.

 
Shuanghuwan

Exploration has been undertaken at Shuanghuwan, which is located on an exploration permit at Yinzishan, owned by Simao Regent Minerals Limited, a Sino-foreign joint venture company owned 97.54% by the Company. An initial 1,500 metre drilling programme and its assays have confirmed Copper and gold mineralization, such as drill hole SHW02 intersected 1.15m copper mineralization at an average grade 4.03% copper, drill hole SHW03 intersected 16.45m gold mineralization at an average grade 1.24g/t gold. A detailed exploration program is underway.