Nzuri Copper

Regal Resources Ltd 27-Oct-05 300,000 fully paid ordinary shares are to be released on 31 October 2005.

Has entered into an agreement with Rox to acquire 100% of the Menzies Project.

775,000 ordinary fully paid shares will be released from escrow on the 1 April 2006

Announce that a further 2,587,500 fully paid ordinary shares will be released from escrow on May 31, 2006

Announce a further 250,000 fully paid ordinary shares are to be released from escrow as at June 10, 2006

Announce that 14,500,000 fully paid ordinary shares will be released from escrow on June 28, 2007.

West Perth-based Regal Resources Ltd has sold its Eucalyptus Gold project in Western Australia's north eastern goldfields for $2 million in cash to a private syndicate.

West Perth-based Regal Resources has entered into a $6.3 million share placement agreement with a UK-based investor to fund a bankable feasibility study for its 30 per cent owned Kalongwe copper project in Africa.

Regal Resources has entered into an agreement to acquire a 90 per cent interest in several tenements held by Vancouver-based Ivanhoe Mines, in close proximity to its Regal's copper project in Africa.

Jonathan Murray has been appointed as a non-executive director of Vietnam Industrial Investments. Mr Murray is a partner at Steinepreis Paganin, and a non-executive director of Peak Resources and Hannans Reward.

Michael van Uffelen has been appointed as a non-executive director of Dragon Energy. Mr van Uffelen is the founder and director of Support Corp.  He has worked extensively with early stage companies and start-ups as director, CEO, CFO, corporate advisor and/or company secretary.

A new report has found listed exploration companies are focused increasingly on preserving their cash, as the sector grapples with regulatory rulings by the ASX and ASIC.

The majority of scoping studies presented by exploration companies to the ASX are of questionable quality, a new analysis has found, as industry players debate potential solutions to the controversy over disclosure standards.

Echo Resources says it will cost just $2.9 million to bring its Julius gold project into production, while Empire Resources expects to begin mining at its Penny’s Find gold project in the coming three months.

Caravel Minerals believes its Calingiri copper mine is set to be an outstanding project, based on a detailed scoping study that it believes is a best-case example of what listed companies need to prepare in order to meet current disclosure rules.

Decmil Group has made some changes to its board structure, as part of its board renewal plan, to better reflect the future needs of the business. Current non-executive director David Saxelby will replace Bill Healy as non-executive chair.

Rubini Ventouras has resigned as company secretary and general counsel of BCI Minerals. The company has appointed Susan Hunter as company secretary.

Nzuri Copper is pleased to announce that it has entered into a term sheet with its major shareholder, Tembo Capital Mining Fund LP, which sets out the commercial terms on which Tembo proposes to provide a loan facility of $3 million to Nzuri.