Sprott Asset Management USA Inc.


Regal Resources - Kalongwe, SW DR Congo - Feb 2015

Sprott analyst Andrew Jackson visited Regal Resources' Kalongwe property on 20-21 Feb. Kalongwe is located about 40 kms south of Kolwezi in Katanga Province in SW Congo DRC.

Regal recently put out an updated in-pit MI&I resource for Kalongwe of 11.17Mt @ 2.70% Cu, plus 2.29Mt @ 0.57% Co.  A Scoping Study is due out very shortly.

The copper and cobalt mineralization is typical of the Katanga Copperbelt, with copper and cobalt sulfides hosted in a series of siltstones and dolomites. These have been oxidized down to a depth of 80-100m. Some 80% of the recent in pit resource is oxide material.

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