Doc Holiday catches up with Andrew Bell, CEO of Red Rock Resources (AIM:RRR) and Regency Mines (AIM:RGM) on developments at both companies.
Andrew first discusses Red Rock’s legacy assets, including the El Limon mine in Columbia, which is about to go into production with roylaties to Red Rock expected from February 2018. He also anticipates income streams from the company’s other ventures including Steelmin in Bosnia and dividends from Jupiter Mines. Andrew goes on to describe capital inflows he expects from these projects over the coming months as well as the current status at Red Rock’s dormant Kenyan asset. He finishes on Red Rock, explaining his interest in the Cobalt/Copper tailings asset in the Democratic Republic of Congo which is presently undergoing due diligence.
Andrew then moves onto Regency Mines and talks about the recent difficulties getting its assets into production. He highlights the current low cash burn as the company focuses on making progress. According to Andrew Regency’s primary asset has always been its Nickel and Cobalt asset in Papau New Guinea. With the price of Nickel rising, Andrew talks of his hopes to attract a partner to bring it into production. As yet a mere 3% of the asset has been proven up to date.
Other areas of discussion include Regency’s successful investment in Horse Hill, which generated over £1m in profit for the company as well as wider topics such as the demand for battery metals, mining ethics and Zimbabwe.