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Regeneus Ltd (ASX:RGS) Patent Granted for Cancer Vaccine Technology

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Regeneus (ASX:RGS), a clinical-stage regenerative medicine technology company, today announced that the Australian Patent Office has granted a patent covering the use of cancer vaccine technology for the treatment of a range of cancers in humans and animals.

Under the licence agreement from Northern Sydney Local Health District, Regeneus has exclusive rights to develop and commercialise the cancer vaccine technology for human and animal health applications in all major territories.

Australian patent number, 201320386, entitled "Vaccines for the treatment or prevention of cancer" provides commercial rights in Australia through to 11 April 2033. This patent is also being pursued for grant in other key territories including the USA, Japan and Europe.

The technology uses a patient's own cancer cells combined with an immunostimulant that is designed to re-educate the immune system to target cancer cells in both existing and new tumours.

The technology was developed by researchers at the Bill Walsh Translational Cancer Research Laboratory, which is the research arm of the Medical Oncology Department at Royal North Shore Hospital and part of the Kolling Institute, Northern Sydney Local Health District. In a pre-clinical brain tumour model, vaccination led to remission rates of up to 60% and significantly extended survival in all vaccinated animals. Re-challenging animals in remission demonstrated 100% tumour rejection indicating acquired immunity.

The patent supports the company's RGSH4K and Kvax clinical programs. RGSH4K is being used in a Phase 1 safety study in humans on a wide range of tumours. Kvax is the subject of a US study for the treatment of canine osteosarcoma which is fully recruited. Kvax is also the subject of a recently announced study for the treatment of canine lymphosarcoma in combination with chemotherapy.

Regeneus has 49 patents or patent applications across 14 patent families.

Sandra McIntosh
Company Secretary
Regeneus Ltd
T: +61 2 9499 8010
E: investors@regeneus.com.au
W: www.regeneus.com.au

Sayona Mining Ltd (ASX:SYA) Corkwood Drilling Program Completed, Significant Widths of Mineralisation Intersected

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Sayona Mining Limited (ASX:SYA) is pleased to announce the completion of the maiden Corkwood prospect drilling program at the East Kimberley project, Western Australia.

Thirty three reverse circulation drill holes totaling 2,949 metres have been completed in six prospect areas. Every hole has intersected visual flake graphite mineralisation, with significant zones of over 50 metre downhole widths in several holes, including an intercept of 64 metres (Figure 1, see link below). Additionally, some holes have intercepted multiple horizons of graphite mineralization. The drilling has defined consistent, broadly tabular bodies of graphite mineralization and the thickness of the mineralisation is better than anticipated from surface observations.

The Corkwood area has never been previously explored for its graphite potential. The Company's drilling program has now identified graphite mineralization over 7 kilometres within the 25 kilometre strike extent of the Corkwood geochemical and geophysical anomaly.

Samples are being dispatched for analysis and the first results are anticipated in January 2016.

To view the release including Figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SYA-897655.pdf

Corey Nolan
Chief Executive Officer
T: +61 (7) 3369 7058
E: info@sayonamining.com.au

Sayona Mining Ltd
T: +61 (7) 3369 7058
WWW: www.sayonamining.com.au

Taruga Gold Ltd (ASX:TAR) and Newcrest (ASX:NCM) Execute Binding Farm-In Agreement on Dabakala Gold Project, Cote d'Ivoire

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Taruga Gold Limited (ASX:TAR) is pleased to announce the signing of a binding Farm-in Agreement ("Agreement") with top-tier gold producer, Newcrest Mining Limited (ASX:NCM) ("Newcrest"). This agreement formalises the Heads of Agreement announced on 17 September 2015.

Highlights:

- Taruga and Newcrest finalise farm-in agreement for potential joint venture over Taruga's Dabakala concession

- Newcrest to spend up to US$1.7 Million to earn 75% of a proposed joint venture within 3 years, including a minimum US$750,000 before withdrawal

- Taruga to receive US$100,000 payments, with first US$50,000 received

- Newcrest concessions adjacent to Dabakala and exploration programs will target high priority mineralised trends

- Strong existing Geochemical anomalies defined by Taruga sampling within the Dabakala concession

Taruga is the 100% owner of the Dabakala Project, Cote d'Ivoire (Figure 1, see link below) and under the terms of the Agreement, Newcrest will have the ability to earn a 75% interest in a joint venture company in Cote d'Ivoire by incurring exploration expenditure of US$1.7m over three years.

Managing Director Bernard Alyward stated "Taruga is very pleased to have formalised this agreement. Newcrest are committed to advancing Dabakala with initial extensive auger drilling campaign designed to infill and define the gold anomalous zone prior to initial drilling".

The current Taruga strategy of procuring early stage assets, adding value and attracting Joint venture partners continues to prove successful.

"Taruga has now successfully completed two agreements in Cote d'Ivoire, with exploration activity increasing on our ground through geochemical sampling, auger drilling and potential reconnaissance drilling. The projects are very prospective and with the amount of exploration undertaken, the potential for discovery is increasing".

Summary Terms of the Farm-In Agreement

- Newcrest can earn a 75% interest in a joint venture company to be incorporated to hold the Dabakala concession by incurring exploration expenditure of US$1.7m within three years, with Taruga maintaining a 100% interest until this time.

- Newcrest to incur a minimum of US$750,000 expenditure before withdrawal.

- Newcrest have made a signature payment of US$50,000 on signing of the HoA and will make a further payment of US$50,000 on registration of security documents in Cote d'Ivoire.

This Agreement and potential joint venture with Newcrest will allow Taruga to achieve extensive exploration on the ground while maintaining significant exposure to exploration success. Newcrest holds adjacent concessions and the geological interpretation indicates a continuity of geological structures and trends. Proposed exploration programs consist of infill auger drilling to further define the gold anomalous zones prior to an initial drill program.

About Dabakala

The Dabakala concession is located in central Cote d'Ivoire and is 100% owned by Taruga subsidiary International Goldfields CIV SARL. The concession was granted to Taruga in 2014.

Taruga has completed first pass geochemical sampling that outlined extensive surface gold anomalism associated with a major shear structure. The anomalies are regionally extensive and require infill geochemistry to define targets for reconnaissance drilling.

Newcrest has completed a regional stream sediment, rock chip and laterite sampling program as part of the project review which confirms the anomalous gold trends.

Taruga in Cote d'Ivoire

In February 2015, Taruga announced a Joint venture with mid-tier gold producer, Resolute Mining Limited, in respect of three of the Company's concessions in Cote d'Ivoire. In addition to the proposed JV with Newcrest over the Dabakala concession, the Company retains 100% ownership in a further three highly prospective concessions in the country.

Taruga is continuing to receive interest in its very prospective Cote d'Ivoire concessions from various parties. These continuing approaches indicate the value of the Company's significant landholding and Taruga will assess any proposals to maximise shareholder value.

To view the release including Figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TAR-746568.pdf

Bernard Aylward
Managing Director
Taruga Gold Limited
M: +61 418 943 345

Taruga Gold Ltd
T: +61 8 9486 4036
E: admin@tarugagold.com.au
WWW: www.tarugagold.com.au

Kingsgate Consolidated Limited (ASX:KCN) New Gold Discovery at Nueva Esperanza Project, Chile

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Kingsgate Consolidated (ASX:KCN) is pleased to announce that preliminary assay results from a recently completed reverse circulation drilling campaign at Nueva Esperanza returned significant gold intersections in the new project area of Carachita, within 2 kilometres of the proposed plant site.

A total of five holes were drilled in three sections at 50 metres intervals following up from a single hole drilled previously that also intersected gold mineralisation. All five holes returned significant gold intersections from shallow depths less than 20 metres below the natural surface.

Best of the new intersections was:

- 11 metres at 4.91g/t gold from 14 metres in hole ECCR-02,

The other four holes were:

- 23 metres at 2.12g/t gold from 13 metres in hole ECCR-03,
- 11 metres at 1.50g/t gold from 20 metres in hole ECCR-04,
- 13 metres at 1.48g/t gold from 19 metres in hole ECCR-01,
- 12 metres at 0.86g/t gold from 26 metres in hole ECCR-05.

These gold intercepts that also include some silver mineralisation are considered significant in an area that was previously tested with only a single hole that returned 9 metres at 2.93g/t gold from 18 metres as part of a regional condemnation drilling program.

The Carachita prospect remains open to the surface, at depth and along strike to the east and west.

Kingsgate CEO, Greg Foulis, said the shallow nature of the gold mineralisation and proximity to the proposed processing plant has potential to add value to the project and support the prospectivity of the Nueva Esperanza property.

"Nueva Esperanza comprises three well-defined silver and gold epithermal deposits: Arqueros, Chimberos and Teterita and numerous prospects within a 45 square kilometre alteration system", he said.

The present results are part of an initial drilling campaign of 2,000 metres with further drilling planned for the March 2016 Quarter.

Kingsgate will progress technical studies and permitting during 2016 in parallel with exploration.

Exploration Program Background

Reconnaissance exploration drilling at Nueva Esperanza was completed for the 2,000 metres Spring campaign, which commenced in late September 2015.

Exploration drilling was completed at five prospects in Nueva Esperanza with partial assay results on hand for Carachapampa, Carachita and Arqueros West.

As reported above, Carachita drilling intersected significant gold mineralisation from shallow depths. At Carachapampa, drilling intersected highly altered structures but reported gold grades appear to be uneconomic.

Remaining assay results are expected before the end of calendar 2015.

The recently completed drilling program comprised the following:

-----------------------------------------
Sector          Number of Holes    Metres
-----------------------------------------
Carachapampa          14           1,206
Carachita              5             335
Arqueros West          2             145
Chimberos pit          1             127
Grandote               2             133
-----------------------------------------
Total                 23           1,946
-----------------------------------------

To view the release including Tables and Figures, please visit:
http://media.abnnewswire.net/media/en/docs/81832-ASX-KCN-746576.pdf

Kingsgate Consolidated Limited
T: +61 2 8256 4800
E: info@kingsgate.com.au
WWW: www.kingsgate.com.au

Raya Group Ltd (ASX:RYG) Issue of Bonus Loyalty Options to Shareholders

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In recognition of the support from the shareholders of the Company, Raya (ASX:RYG) wishes to advise that it intends to undertake a bonus issue of options ("Bonus Options") to all eligible shareholders, with the record date to coincide with the shareholder meeting to approve the Xped transaction, anticipated to be mid to late February 2016.

It is currently intended that all eligible existing shareholders of the Company with shares on the record date will be granted 1 free Bonus Option for every 10 shares held in the Company. (the Company will be applying for these options to be listed on ASX). The Bonus Options will only be issued upon the transaction with Xped completing.

The expected issue of the Bonus Options will be on the same terms as the options to be issued under the upcoming prospectus (with an expiry date of 3 years from the re-admission date). The Bonus Options will also be issued under the upcoming prospectus.

The Company has completed its first leg of the roadshow in Asia after presenting to a number of investment firms in Singapore and Hong Kong. The response and feedback from Asia has been encouraging and well received and the team are presently in New York for the start of the USA roadshow with a number of investment firms and banks.

The Company is currently finalising the notice of meeting documents and will release an updated timetable following the Roadshow conclusion that will include a record date relevant to the Bonus Options.

Raya Group Inquiries:
Company Secretary
T: +61 3 9642 0655
E: info@rayagroup.com.au
www.rayagroup.com.au

Company Advisor:
Faldi Ismail
Otsana Capital
M: +61 423 206 324
E: Xped@otsana.com

Yonder & Beyond Group Ltd (ASX:YNB) Boppl Partners with World Leading ePOS Provider

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Yonder & Beyond (ASX:YNB) is pleased to announce Boppl, the mobile ordering and payment application in which it holds a 72% interest, has entered into a significant partnership with Epos Now, one of the fastest growing business in the UK. Epos Now has over 10,000 venues in the UK and has recently expanded its operations into the USA.

Highlights:

- Boppl partnership with Epos Now.

- Epos Now has over 10,000 venues in the UK and is one of the fastest growing EPOS providers globally.

Epos Now joins Boppl's global integration strategy, helping hospitality venues, groups and chains own the shift to mobile ordering and 'on-demand' services.

The partnership will provide integration for Boppl into all Epos Now venues, allowing orders that are placed through Boppl to appear on a venue's Epos Now system.

The partnership will immediately commence with Epos Now venues in the UK, and will expand to the USA in the coming months. Epos Now is actively marketing Boppl to its POS venues through its website and sales network.

Epos Now CEO, Jacyn Heavens said, "By unlocking the power of our smartphones Boppl eliminates wait times, whilst giving innovative ways to pay. We are are proud to be able to offer this must-have application to thousands of our hospitality customers."

Boppl and Yonder & Beyond have commenced a targeted social media campaign, in conjunction with Epos Now, to engage both venues and customers.

Boppl CEO, Angus McLachlan said, "We're excited to partner with Epos Now to enable mobile discovery, ordering and payment to over 10,000 venues, further extending our global reach. Designed to help hospitality venues own the shift to mobile, the partnership will eliminate lost time inputting orders, payment error and miscommunication.

"We are offering venues a new mobile ordering platform, without new hardware.

"Our team across Australia and the UK worked closely with the team at Epos Now, producing a seamless integration where the venue is always in control."

Popular London-based Epos Now venue, Whaam Banh Mi praised Boppl's technology, stating that, "Having enjoyed using an Epos Now iPad system for 6 months I was approached by Boppl to help promote my business. I was a little skeptical about how fluid the integration of Boppl and my till system would be but sure to their word, it is really easy to use! It is like Amazon - simplicity of payments with food."

Since introducing Boppl, Whaam Banh Mi has seen an increase in orders through the application.

Yonder & Beyond CEO, Shashi Fernando said, "This is a huge step for Boppl, heading into the new year with the potential to be in thousands of venues is a game changer and the team should be credited with securing such a key partnership."

In addition to the partnership with Epos Now, Boppl has strategic partnerships with Kounta, iKentoo and Omnivore. These partnerships further validate Boppl as a leading mobile payment application.

About Epos Now

- Epos Now is a leader in Cloud POS and is live in over 10,000 venues.

- The company has completed GBP5,000,000,000+ transactions in over 103 countries.

- 150% year on year growth, making it the UK's 13th fastest growing tech company.

- Highest rated POS company online.

About Boppl

Boppl is an award winning food and drink mobile ordering application. Available to download on iOS and Android devices, Boppl enables users to order and pay for food and beverages fast and efficiently at their favourite venues through their smartphone.

Winner of multiple awards, including the UK Mobile & Apps Design Award in 2014 and Top 50 Mobile Innovator in 2013. Boppl was named App of the Day by Mobile Entertainment.

Yonder & Beyond Group Ltd
Shashi Fernando, CEO
T: +61 8 6141 3500
E: shashi@yonderbeyond.com
WWW: www.yonderbeyond.com

David Tasker
Professional Public Relations
T: +61 433 112 936
E: David.tasker@ppr.com.au

Tiger Resources Limited (ASX:TGS) Announces Funding Package and Operations Update

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Further to its announcement of 23 October 2015, Tiger Resources Limited (ASX:TGS) ("Tiger" or the "Company") is pleased to advise that it has now agreed final terms for a US$162.5 million finance facility with Taurus Mining Finance Fund (Taurus) and International Finance Corporation (IFC), a member of the World Bank Group.

Key Highlights:

- Taurus/IFC facility finalised

- Equity capital raising to raise up to ~US$25 million, comprising a ~US$6 million placement to global mining private equity fund Resource Capital Fund (RCF) and an accelerated, nonrenounceable entitlement offer to raise up to ~US$19 million

- Binding commitments received from RCF and International Finance Corporation (IFC) for US$15 million of the equity capital raising

Interim CEO Mike Griffiths said "Execution of binding debt facility agreements with IFC and Taurus as well as IFC's decision to invest at the equity level for a minimum 5% interest is a great result. RCF's agreement to increase its existing investment in Tiger adds strength to our register and we acknowledge the strong support provided by Taurus in finalising the package".

The facility will refinance the Company's existing debt facilities with Taurus and Gerald Metals and provide the required expansion capital for the Kipoi Debottlenecking Project, which aims to increase the capacity of the Company's SXEW plant from 25,000tpa to 32,500tpa copper cathode. Tiger is targeting completion of the expansion by November 2016.

Key terms of the facility are as previously disclosed on 23 October 2015, namely:

- Facility term matures 31 January 2024;
- Interest-only period to 31 January 2017; and
- Prepayable at any time without financial penalty.

Drawdown under the facility and IFC's subscription is subject to Tiger raising a minimum of US$10 million in additional equity capital to contribute towards funding expansion at Kipoi, completion of ancillary documentation with the lenders and other conditions*. This additional equity will be raised through a combination of a placement to RCF and an accelerated, non-renounceable entitlement offer ("Equity Capital Raising"), which is described below.

Business Update

Kipoi Operations have continued to perform well with annual copper cathode production likely to be between 25,500t to 26,000t for 2015. Electricity from grid power has continued to improve with 60% grid power expected for Q4 2015, following consecutive months of 65% usage in October and November 2015. Additional power is likely to be available to Kipoi following further savings by the Energy Efficiency Project (replacement of incandescent light globes) which has delivered 27 MW to the State-owned power grid. Further cost reductions are being achieved through reduced diesel consumption, reduced acid consumption and a reduced acid price.

Revised environmental impact assessments and management plans are underway and a modified Kipoi mine plan and mining schedule have been finalised for restart of mining in Q3 2016 which will be merged with the detailed capital works scheduling for the Debottlenecking Project.

EQUITY CAPITAL RAISING

The Equity Capital Raising comprises:

1. A placement to RCF of ordinary shares at A$0.0665 per share, a 16.7% premium to the last closing price on 15 December 2015, to raise ~US$6 million ("Share Placement"); and

2. A 4-for-9 accelerated, non-renounceable entitlement offer to eligible shareholders at A$0.047 per share to raise up to ~US$19 million ("Entitlement Offer").

The Equity Capital Raising is not underwritten. However, Tiger has received binding commitments from RCF and IFC in respect of the Equity Capital Raising for a total of US$15 million. The investor presentation contains information on the terms and conditions of these commitments.

Share Placement

Under the Share Placement, RCF will subscribe for ~125 million new fully paid ordinary shares at a price of A$0.0665 per share, representing a 16.7% premium to the closing price of Tiger shares on Wednesday, 15 December 2015. RCF is an existing Tiger shareholder holding approximately 3.1% of the issued capital prior to the Share Placement.

Gross proceeds under the Share Placement will amount to ~US$6 million and the new shares are expected to be issued on or around Thursday, 17 December 2015, ahead of the record date for the Entitlement Offer.

Entitlement Offer

The Entitlement Offer is an accelerated, non-renounceable offer comprising an institutional entitlement offer ("Institutional Entitlement Offer") and a retail entitlement offer ("Retail Entitlement Offer").

Under the Entitlement Offer, eligible shareholders are invited to subscribe for 4 new Tiger shares for every 9 existing Tiger shares held as at 7.00pm (Sydney time) on Monday, 21 December 2015.

RCF has committed to subscribe for ~US$4 million under the Entitlement Offer, bringing its total commitment to the Equity Capital Raising to US$10 million. In addition, IFC has committed to acquire any shortfall entitlements up to the value of US$5 million, subject to obtaining a minimum interest of 5% of the Company's share capital post the Equity Capital Raising.

Combined with the Share Placement, total binding commitments received from RCF and IFC provide for minimum gross proceeds under the Equity Capital Raising of US$15 million.

The Board intends to exercise its discretion in allocating any shortfall in the Entitlement Offer in the three months following close of the offer, as allowed under the ASX Listing Rules. This includes priority allocation of shortfall shares under the Retail Entitlement Offer to RCF and IFC.

Institutional Entitlement Offer

Eligible institutional shareholders will be invited to participate in the Institutional Entitlement Offer which will take place from Wednesday, 16 December 2015 to Thursday, 17 December 2015.

Eligible institutional shareholders can choose to take up all, part or none of their entitlements. The offer is non-renounceable and therefore entitlements cannot be traded on the ASX or otherwise transferred. Entitlements not taken up by the close of the Institutional Entitlement Offer, and the entitlements of ineligible institutional shareholders, will be sold through an institutional shortfall bookbuild on Thursday, 17 December 2015 ("Institutional Bookbuild").

Tiger shares will remain in trading halt whilst the Institutional Entitlement Offer and Institutional Bookbuild are undertaken.

Retail Entitlement Offer

Eligible retail shareholders will be invited to participate in the Retail Entitlement Offer, to be conducted on the same terms as the Institutional Entitlement Offer. The Retail Entitlement Offer will open on Thursday, 24 December 2015 and close at 7:00pm (Sydney time) on Friday, 8 January 2016.

Eligible retail shareholders can choose to take up all, part or none of their entitlements. The offer is nonrenounceable and therefore entitlements cannot be traded on the ASX or otherwise transferred. Eligible retail shareholders will also be able to apply for shares in excess of their entitlements under a Top Up facility. The Retail Offer Booklet and accompanying entitlement and acceptance form are expected to be despatched on Thursday, 24 December 2015. Copies of the Retail Offer Booklet will be made available on the ASX website.

Indicative Entitlement Offer Timetable

Key dates for the Entitlement Offer are:

- Offer announcement: Wednesday 16 December 2015

- Institutional Entitlement Offer opens: Wednesday 16 December 2015

- Institutional Entitlement Offer closes: 12:00pm, Thursday 17 December 2015

- Record Date: 7.00pm, Monday 21 December 2015

- Settlement of Institutional Entitlement Offer and issue of New Shares under Institutional Entitlement Offer: Wednesday 23 December 2015

- Retail Entitlement Offer opens: Thursday 24 December 2015

- Commencement of trading of New Shares issued under Institutional Entitlement Offer: Thursday 24 December 2015

- Retail Entitlement Offer closes: Friday 8 January 2016

- Settlement of Retail Entitlement Offer: Thursday 14 January 2016

- Issue of New Shares under Retail Entitlement Offer: Friday 15 January 2016

- Commencement of trading of New Shares issued under Retail Entitlement Offer: Monday 18 January 2016

The above timetable is indicative and subject to variation. Tiger reserves the right to alter the timetable at its discretion and without notice, subject to ASX Listing Rules. All dates and times represent Sydney time.

UBS AG, Australia Branch has been appointed as Sole Lead Manager to the Equity Capital Raising.

To view the "Funding and Business Update Investor Presentation", please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TGS-746734.pdf

Michael Griffiths 
Interim CEO
Tel: +61 8 6188 2000
Email: mgriffiths@tigerez.com 

Stephen Hills 
Finance Director
Tel: +61 8 6188 2000
Email: shills@tigerez.com 

Nathan Ryan
Media Enquiries
Tel: +61 420 582 887
Email: nryan@tigerez.com

Altech Chemicals Ltd (ASX:ATC) Release of Corporate Video

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Altech Chemicals Limited (ASX:ATC) is pleased to announce the release of a Corporate Video that provides a useful overview of the various applications of High Purity Alumina (HPA) and the Company's proposed HPA project at Johor, Malaysia.

The video titled "Meeting a Sapphire Future" is available for viewing on the Company's web site at:
http://www.altechchemicals.com/meeting-sapphire-future

Corporate:
Iggy Tan
Managing Director
Altech Chemicals Ltd
T: +61 8 6168 1555
E: info@altechchemicals.com
WWW: www.altechchemicals.com

Media Contact:
Tony Dawe
Consultant
Professional Public Relations
T: +61 8 9388 0944
E: tony.dawe@ppr.com.au

99 Wuxian Ltd (ASX:NNW) Acquisition of Market Leading Chinese Ecommerce Virtual Product Supplier

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99 Wuxian Limited (ASX:NNW) ("99 Wuxian" or "the Company") today announces that it has entered into a binding conditional agreement to acquire the majority of Jiangsu Ofpay E-commerce Limited ("Ofpay")("Transaction").

Highlights:

- 99 Wuxian has entered into a binding conditional agreement to acquire Jiangsu Ofpay E-commerce Limited ("Ofpay")

- Leading supplier of virtual products and services to the e-commerce sector in China

- Strengthens 99 Wuxian's competitive position, generates cost and revenue synergies and ensures continuity and diversity of virtual products

- Increases and diversifies the financial and operational scale of 99 Wuxian

- Attractive Transaction structure with deferred consideration

- Funding includes RMB 140 million (A$29.9 million) from major shareholder

The Transaction represents a major strategic milestone for 99 Wuxian, strengthening its competitive position in the Chinese m-commerce sector. The Transaction significantly increases the scale of 99 Wuxian's operations and enables the Company to deliver its business partners with a more comprehensive product solution.

99 Wuxian founder and Chief Executive Officer, Amalisia Zhang, said:

"Ofpay is a quality Transaction that compliments 99 Wuxian's existing business. The Transaction strengthens 99 Wuxian's competitive position, ensuring the continuity of supply of new and existing products within the rapidly growing virtual products market.

"This will enable 99 Wuxian to continue delivering superior levels of service to its end customers and positions the Company to focus on downstream platform growth as we continue to build our registered user base."

99 Wuxian Acting Chairman, Simon Green, said:

"The Transaction is strategically compelling, with clear synergies. The Transaction provides 99 Wuxian with an opportunity to expand its market presence, scale of operations and revenue base.

"The strategic review of 99 Wuxian over the past twelve months highlighted our key strengths and competitive advantages. This Transaction is an integral component to strengthen our market position, drive future growth and deliver shareholder value."

Ofpay

Established in 2005, Ofpay is a market leading wholesale provider of virtual products in China, including mobile and game recharge; gift cards; fuel cards; and utility bills. Ofpay has well-established and long-standing relationships with prominent Chinese online marketplaces and virtual product suppliers, including Taobao, China Mobile, Tenpay, JD.com, Xiaomi and Q Coin.

For the 12 months ended 31 December 2014 ("FY2014"), Ofpay generated a Gross Transaction Value ("GTV")of RMB 14.6 billion (A$3.11 billion), total revenue of RMB 75.6 million (A$16.1 million) and net profit after tax of RMB 30.9 million ($A6.6 million).

Ofpay is complementary to 99 Wuxian's existing operations and is expected to deliver significant synergies. The Transaction will enable 99 Wuxian to reduce its product costs and capture a larger share of the value chain, while also providing cross-selling opportunities.

The Chinese market for virtual products such as mobile recharge and gaming has experienced robust growth in recent years and this market is forecast to grow rapidly. According to data published by the National Bureau of Statistics, for the 10 months to October 2015 online retail sales of virtual products and services in China totalled RMB 503.0 billion (A$107.3 billion), up 43% over the prior period.

Consideration

Consideration for the Transaction is summarised as follows:

- An initial payment of RMB 160 million (A$34.1 million) ("Initial Payment"); and

- Three deferred payments up to a total maximum of RMB 297.4 million (A$63.5 million) contingent upon certain performance targets being achieved ("Deferred Payments"). The Deferred Payments are payable between 31 December 2015 to 30 June 2017.

Funding

Funding for the Initial Payment and first Deferred Payment totalling RMB 240 million ($A51.2 million) is fully funded from existing liquidity, major shareholder loan, third party funding for 99 Wuxian's wholly owned subsidiary (the entity acquiring Ofpay) and a private placement. Detail is provided below:

- Major shareholder loan

The Company has agreed terms for a RMB 140 million (A$29.9 million) unsecured loan facility from its major shareholder, Grand Ease Holdings Limited, an entity associated with 99 Wuxian's Chief Executive Officer, Amalisia Zhang ("Shareholder Loan").

The Shareholder Loan is subject to Shareholder and CDI holder approval as a requirement of Hong Kong law. The material terms of the Shareholder Loan are set out in Appendix A (see link below).

- Placement of CHESS Depository Interests ("Placement CDIs")

A placement of 92,157,618 Placement CDIs, raising RMB 43 million (A$9.15 million) at RMB 0.4689 (A$0.10) per CDI will be made to unrelated third party investors.

Shareholder approval will not be required for the issue of the Placement CDIs under ASX Listing Rule 7.1, as they will be issued under the Company's current placement capacity.

- Third party Subsidiary funding

99 Wuxian has secured downstream funding via its wholly owned China subsidiary (the entity acquiring Ofpay) of RMB 80 million (A$17.1 million).

The second and third Deferred Payment will be funded through a combination of private equity placement, debt and/or convertible notes or available cash.

Board and Senior Management

No changes are expected to be made to the board of 99 Wuxian as a result of the Transaction.

Shareholder approvals

In a letter dated 15 December 2015, the ASX confirmed that based on the information provided, the ASX will not require 99 Wuxian to obtain shareholder approval for the Transaction under listing rule 11.1.2, nor will ASX require the Company to meet the requirements in chapters 1 and 2 of the listing rules as if the Company were applying for admission to the official list under listing rule 11.1.3.

Notwithstanding that such approval is not required, a general meeting must nonetheless be convened to seek approval of the following (amongst other matters):

- The conversion mechanism contained in the Shareholder Loan under ASX Listing Rule 10.11;

- Under the laws of Hong Kong, the loan agreement for the Shareholder Loan and a mandate for the allotment and issue of the CDIs that may be issued upon conversion of the Shareholder Loan; and

- Ratification of the issue of the Placement CDIs under ASX Listing Rule 7.1.

Further details about the Transaction and funding will be set out in the notice of meeting.

Key dates

The anticipated timetable for the convening of the general meeting and completion of the Transaction is set out below:

-----------------------------------------------------
Announcement of the Transaction      16 December 2015
Dispatch notice of meeting         Early January 2016
Hold general meeting                Late January 2016
Completion of the Transaction       Late January 2016
-----------------------------------------------------

Dates in this announcement have not been finally approved by ASX, are indicative only and subject to change. If the above timetable changes materially, the changes will be announced through ASX.

To view the release including Appendix A, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-NNW-897943.pdf

To view the presentation regarding the "Acquisition of Jiangsu Ofpay E-Commerce", please visit:
http://media.abnnewswire.net/media/en/docs/ASX-NNW-897945.pdf

99 Wuxian Limited 
Mr Ross Benson 
T: +61 418 254 548 

Fowlstone Communications
Mr Geoff Fowlstone
T: +61 413 746 949

99 Wuxian Ltd
WWW: www.99wuxian.com

Orocobre Limited (ASX:ORE) Response to ASX Price Query

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Orocobre Limited (ASX:ORE) (TSE:ORL) Response to ASX Price Query.

Orocobre Limited (the Company) - ASX Price Query

I refer to your correspondence of today's date.

In relation to the questions you seek a response to, the Company advises as follows:

1. The Company is not aware of any information concerning it that has not been announced to the market that could explain the recent trading in the market.

2. Not Applicable.

3. The Company does not have any other explanation for the recent trading in its securities other than to note that:

(a) at the recently concluded 2015 United Nations Climate Conference, 195 countries entered into "The Paris Agreement" pursuant to which a target of limiting future global warming increases to less than 2 degrees was set. To achieve this goal greenhouse gas emissions will need to be substantially reduced and the use of renewable energy resources substantially increased. The use of rechargeable batteries in both transport and energy storage, where lithium ion batteries are the predominant technology, can be expected to increase significantly to meet this demand; and

(b) in contrast with the majority of commodities, the price for Lithium Carbonate has continued to increase with recent market prices in excess of US$10,000 per tonne being reported in China. The current limited opportunities for new and existing producers to increase supply to the market in the near term has also led to concerns of supply shortages.

4. The Company confirms that it is in compliance with the Listing Rules and in particular Listing Rule 3.1.

To view the complete ASX Price Query release, please visit:
http://media.abnnewswire.net/media/en/docs/81854-ASX-ORE-897928.pdf

Rick Anthon
Joint Company Secretary
Email: ranthon@orococbre.com

Orocobre Limited
T: +61 7 3871 3985
E: mail@orocobre.com
WWW: www.orocobre.com.au

Goldphyre Resources Ltd (ASX:GPH) Chairman Matt Shackleton Interviewed by BRR Media

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Goldphyre Resources Limited (ASX:GPH) is pleased to advise that Executive Chairman Matt Shackleton has been interviewed by BRR Media.

In the interview, Mr Shackleton discusses Goldphyre's recently completed transaction with Mark Creasy, which saw its rapidly emerging Lake Wells Potash Project in WA's eastern goldfields triple in size.

He also outlines the Company's planned activity for 2016, which is expected to result in a maiden resource estimate by the middle of the year.

The interview is available on the Company's website, www.goldphyre.com.au.

To view the video interview, please visit:
http://www.abnnewswire.net/lnk/8PW4VDS1

Matt Shackleton
Executive Chairman
e: m.shackleton@goldphyre.com.au
m: +61 (0)438 319 841

Media:
Paul Armstrong/Nicholas Read
Read Corporate
t: +61 (8) 9388 1474

KBL Mining Ltd (ASX:KBL) Letter to Shareholders and Noteholders

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As KBL Mining Ltd (ASX:KBL) closes out the year, we are pleased to report to you that that we have completed the process of successfully restructuring the balance sheet and reenergising Mineral Hill.

Restructuring the Balance Sheet

In March 2015 we secured financiers to restructure the balance sheet with a view to removing unsustainable debt, as well as upgrading and refreshing the Mineral Hill asset through capital improvements and development. This followed a period in November 2014 where our previous financiers made various false claims in and out of court. We won the court case, paid back the debt in April 2015 and welcomed our new financiers - Quintana Minerals Corporation Group. Quintana Resources Holdings LP invested USD 23 million. The funds they invested paid back the existing debt and allowed for the upgrades and development at Mineral Hill.

Mineral Hill

Over the last 8 months not only have we accessed new capital and completed the restructuring of the balance sheet, we have also been focused on energizing Mineral Hill.

Upgrades have included:

- Installation, commissioning and use of a new CIL plant to treat sulphide tailings and oxide ore - producing gold and silver dorè

- Installation of a flotation cleaner circuit

- Upgrade of the reagent handling system to improve processes and provide reagents to the new CIL circuit

- Installation of a new thickener to allow for the treatment of copper, lead and zinc concurrently

- Installation of new flotation cells doubling capacity and allowing for significant efficiency upgrades which have been the key to strong gold recoveries

- Upgrade of the tailings dam

- Significant underground development

We have completed significant underground development of 1,843 metres, a record in KBL's and Mineral Hill's history. The Southern Ore Zone ('SOZ') decline has reached its deepest level to access the G lode and B and C lodes. The G lode access has been developed on strike on the 60 and 25 levels.

The complex underground geology led to issues with grade despite reaching record tonnage production levels. So as to improve our knowledge for a successful restart of underground production in the future, we are now only developing underground and have paused production. Before returning to underground production we will carry out a significant diamond drilling program to substantially improve the definition of the resource and improve the reliability and precision on the underground mine plan.

To enable cashflow to continue during the focus on underground development we changed our original mine plan and moved to the Pearse Open Cut 3 months earlier than originally planned. The fast track of the Pearse development saw the movement of some 600,000 BCM of waste - over two thirds of the total waste to be moved. We have now been mining ore from the open pit for 3 months averaging 6.5 g/t gold with 2 oz/t silver, this is consistent with the measured reserve model. This change in mine plan highlights a key benefit of Mineral Hill's diverse mineral endowment.

The Pearse open cut ore body is generating significant cash flow which can be used to continue aggressive underground development including a close spaced drilling program with a view to developing a very robust mine plan. KBL has an excellent underground ore body being shallow and continuous, however it needs the time and funds to carry out appropriate drilling to understand the geology. The medium to long term future of the mine are the underground orebodies.

The transition to open pit mining along with the significant upgrades in process has resulted in KBL being positioned as a low cost producer with the flexibility to mine a range of metals and the ability to maintain a low cost base across its resource base including the return to underground production.

Conclusion

KBL has transformed significantly over the past 18 months which has set the Company up for and secured an exciting future for the Company and its assets. We are producing at a low cost base with significant grades and we anticipate our first gold pour in the next 7-10 days resulting in strong cash flows.

The KBL Board would like to thank all of our stakeholders which have contributed to the continued success of the Company over the past 18 months. Specifically, Quintana Minerals Corporation (financiers) and MRI Trading (offtake partners) for their ongoing support of the Company in difficult circumstances, our staff both in the office and on site who have tirelessly dedicated their time and effort above and beyond what could be expected to get the Company through the tough times and most importantly we thank you, the Shareholders, for your continued support of the Company.

Brian Wesson
Managing Director
KBL Mining Limited

KBL Mining Ltd
T: +61 2 9927 2000
E: info@kblmining.com.au
WWW: www.kblmining.com.au

Central Petroleum Limited (ASX:CTP) Dingo Gas Delivered into Owen Springs Power Station

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Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") today announced that the physical tie-in to the Owen Springs Power Station by the customer is being commissioned and Dingo gas has therefore passed the Delivery Point under the Gas Supply and Purchase Agreement (GSPA).

Central completed its Dingo Gas Project pipeline and plant before 1 April 2015 on time and under budget with production subject to tie-in by the customer to the Company's delivery point at Owen Springs Power Station.

Under the GSPA, the Take or Pay provision was triggered effective 1 April 2015 and therefore over $2.5 million of revenue will be paid in January 2016.

Media Enquiries
Martin Debelle at Citadel-MAGNUS
T: +61 (0)2 8234 0100
M: +61 (0)409 911 189

MZI Resources Ltd (ASX:MZI) MSP Commissioning Complete

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MZI Resources Ltd (ASX:MZI) is pleased to announce that it has completed commissioning and performance testing of the dedicated processing annexe constructed at the Picton Mineral Separation Plant (MSP), located near Bunbury in Western Australia. Consequently, operational responsibility for the MSP has been handed over to Doral Mineral Sands Pty Ltd (Doral), the MSP owner and with whom MZI has a long term processing agreement.

- Performance testing of Picton Mineral Separation Plant successfully completed

- Commissioning of main Keysbrook and Picton plant facilities now complete

- Commissioning of both facilities achieved in 7 weeks

- Loading of first shipment of zircon concentrate underway

Keysbrook Heavy Mineral Concentrate (HMC) was fed to the MSP from late November to mid-December, with each of the production circuits in the MSP successfully commissioned to design rates, or to agreed limits.

GR Engineering Services Ltd (GR Engineering), which constructed the annexe at the MSP, has now demobilised from site and is working towards delivery of final documentation to formally close out its contractual commitments with MZI.

It has taken only 7 weeks to successfully commission both the Wet Concentrator Plant (WCP) and MSP facilities after commissioning of the WCP began in late November.

Transmin Pty Ltd and MZI continue to work together to complete final commissioning of the Keysbrook Mine Feed Unit.

Loading of Keysbrook's first shipment of zircon concentrate is underway, with dispatch on track to occur in the next few days.

MZI Managing Director Trevor Matthews said "The hard working Keysbrook team continues to deliver exceptional results, with performance testing now largely completed at both sites. The support that has been provided by Doral and GR Engineering to achieve this excellent outcome is indicative of the strong relationship MZI has established with both parties. With the loading of our first shipment underway, we look forward to entering 2016 with Keysbrook fully operational."

Keysbrook is designed to produce approximately 96,000 dry tonnes of leucoxene products and zircon concentrate annually.

Trevor Matthews
Managing Director
T: +61-8-9328-9800

Tiger Resources Limited (ASX:TGS) Completes Institutional Component of Capital Raising

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Tiger Resources Limited (ASX:TGS) ("Tiger" or the "Company") is pleased to report the successful completion of the institutional component of its accelerated entitlement offer ("Institutional Entitlement Offer") announced on 16 December 2015. The Institutional Entitlement Offer, together with the US$6 million placement to Resource Capital Funds ("RCF") completed on 17 December 2015, have raised gross proceeds of approximately US$13 million.

The Institutional Entitlement Offer received strong support from Tiger's institutional shareholders, with approximately 75% of entitlements being taken up.

The shortfall under the Institutional Entitlement Offer was oversubscribed and has been fully allocated to existing Tiger shareholders and other institutional investors. RCF subscribed for shares equivalent to its full pro rata entitlement under the Institutional Entitlement Offer.

Importantly, the RCF placement funds and the receipt of the Institutional Entitlement Offer funds will satisfy a key condition precedent to drawdown under the Taurus/IFC Senior Debt facility.

New shares subscribed for under the Institutional Entitlement Offer are expected to be issued on Wednesday, 23 December 2015 and will commence trading on a normal basis on ASX on Thursday, 24 December 2015.

Retail Entitlement Offer

The retail component of the entitlement offer ("Retail Entitlement Offer") will open on Thursday, 24 December 2015 and close at 7:00pm (Sydney time) on Friday, 8 January 2016 (unless extended).

Eligible retail shareholders will be sent a Retail Offer Booklet on or around Thursday, 24 December 2015.

Shareholders who wish to acquire shares under the Retail Entitlement Offer will need to complete, or otherwise apply in accordance with, the personalised Entitlement and Acceptance Form which will accompany the Retail Offer Booklet.

To view the Retail Offer Booklet, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TGS-747032.pdf

Mike Griffiths
Interim Chief Executive Officer
Tel: (+61 8) 6188 2000
Email: mgriffiths@tigerez.com

Stephen Hills
Finance Director
Tel: (+61 8) 6188 2000
Email: shills@tigerez.com

Nathan Ryan
Investor Relations
Tel: (+61 0)420 582 887
Email: nryan@tigerez.com

Invigor Group Ltd (ASX:IVO) Condat Agreement Signed

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Leading big data solutions company Invigor Group Limited (ASX:IVO) ("Invigor") advises that the Share Purchase Agreement ("SPA") has now been executed for the acquisition of Condat AG.

Completion is expected to occur before the end of December 2015.

With effective ownership from 1 November 2015, Invigor expects Condat to make a positive contribution towards the 2015 financial year results. Condat has recently been successful in winning several tenders totalling more than $A2.0m in contracted value, including supplying its media solution to a major German broadcaster. Condat has a growing pipeline of opportunities and is currently forecasting approximately $A7.0m in revenue over the next 12 months.

A number of terms in the SPA have been finalised or amended following discussions with the vendor including:

- The escrow period for the shares to be issued at completion will be a fixed 12 month term.

- A top up value mechanism to the purchase price has been included so that if the Invigor share price at the end of the escrow period is below the 8.5 cents issue price, Invigor will issue additional shares or otherwise compensate the vendor where that is not capable of being achieved.

- If the Net Tangible Assets of Condat at 31 December 2015 is negative, then a reduction in the purchase price will be made against the deferred consideration amount by utilising the $800,000 holdback amount available for warranty claims.

Gary Cohen
Chairman & CEO
T: +61-2-8251-9600

Matthew Wright
NWR Communications
T: +61-451-896-420
matt@nwrcommunications.com.au

Sayona Mining Ltd (ASX:SYA) Brasil Graphite Option Agreement Restructured

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Sayona Mining Limited (ASX:SYA) ("Sayona" or the "Company") is pleased to announce that is has restructured its agreement with Brasil Graphite SA ("Brasil Graphite").

Highlights

- Restructured Option-to-Purchase agreement aligns exploration success with future payment schedules

- Option exercise payment reduced from US$3.5M to US$1.5M, payable June 2016, and balance of payments based on delineating JORC resources

- Drilling to commence in early 2016

During the four month option period, the Company made substantial progress on its technical due diligence. However, the Company has decided that further drilling is required to validate historical drilling data and complete a resource estimate, and scoping study.

As such, the Company has agreed to amend the Option-to-Purchase terms with Brasil Graphite. The new agreement alleviates the requirement to fund the previously announced acquisition price of US$3.5 million in December 2015. The new terms, include an exercise payment of US$1.5 million on 30 June 2016, and further payments based on delineating JORC resources. The new agreement provides a closer alignment of resource definition success with the future payment schedules.

The Company's initial due diligence activities have confirmed the potential for Itabela to be established as a near-term, globally competitive, low capital and operating cost development opportunity based on the following key attributes:

1. Product and market potential

The Itabela ore has been extensively tested through a 31 tonne pilot plant testing program,demonstrating the superior product quality characteristics of the graphite, including:

- Production of a high-value, high-purity, jumbo and large flake graphite;

- Low impurities;

- Simple, low-cost, process flow sheet which preserves the large flake graphite;

- Ultra-high purity (+99.9%) graphite produced in a simple purification process; and

- Product suitable for the production of high-value expandable graphite.

The Company believes Itabela is well positioned to supply a number of markets, including the high-value large flake segments, and has received a number of expressions of interest for product supply.

Brazil, the world's second largest supplier of graphite in the world, has been supplying graphite to the global market for more than 70 years. Brazil is a tier one mining jurisdiction with stable taxes, royalties, and mining law.

2. Deposit (saprolite) advantages

At shallow levels, the Itabela mineralisation is hosted within a saprolitic profile, the result of deep weathering of the original metamorphic rocks in a sub-tropical environment. The extent of weathering is from surface down to the current limit of drilling, 30 metres below surface.

The weathered rocks are soft and friable. The graphite mineralisation is evident from surface and contains a high percentage of large flake graphite.

The natural advantages derived from the Itabela host rocks, include:
- No requirements for drilling and blasting, or crushing;

- Low-intensity milling and grinding; and

- Simple low-cost liberation of the large-flake graphite using flotation and milling.

In addition, the mineralisation is hosted from surface in a long strike extent, tabular structure up to 100 metres in width (based on the current limits of drilling), making it amenable to low strip-ratio, open-cut mining practises.

3. Infrastructure and logistical advantages

Itabela is close to established infrastructure including port, power, water, labour, roads and an airport. The local workforce are skilled in graphite geology, mining, processing and marketing. The well-established infrastructure and mining services will assist in delivering low operating and capital costs.

In addition, the State of Bahia has very attractive tax incentive schemes for new mineral project developments which has the potential to reduce the tax burden over the first ten years of production.

New Option-to-Purchase Agreement Terms

The new key terms, include:

- US$120,000 restructure payment, payable in December 2015;

- Monthly option payment of US$15,000 until June 2016;

- A US$0.5 million drilling commitment before 30 June 2016;
- Option exercise payment of US$1.5 million on 30 June 2016 to acquire 100% of the tenements; and

- Contingent JORC resource payments, payable 60 days after the completion of a JORC Resource Statement (to be completed prior to 30 June 2016), including:

a) US$6.50 per tonne of contained graphite for any JORC Resource in excess of 300,000tonnes, capped at a maximum payment US$2,000,000; and

b) US$2.00 per tonne of contained graphite for any JORC Resources in excess of 690,000t payable in cash or shares at Sayona's election; and

c) There is no time limit on the application of these provisions.

Next Steps

The Company is currently planning a drilling program that will commence in January 2016. The scoping study will be completed in parallel with the drilling program and resource estimate.

The Company is very pleased to have been able to restructure the option agreement on favourable terms and begin a detailed resource validation drilling program.

Corey Nolan
Chief Executive Officer
Phone: +61 (7) 3369 7058
Email: info@sayonamining.com.au

MZI Resources Ltd (ASX:MZI) First Keysbrook Mineral Sands Shipment Marks Commencement of Cashflow

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MZI Resources Ltd (ASX:MZI) is pleased to announce that it has completed its first shipment of zircon concentrate from the high margin Keysbrook Project, 70km south of Perth, approximately one month ahead of the original schedule. This signals the start of long term positive cashflow generation by the Keysbrook Project.

Highlights:

- First shipment of Keysbrook mineral sands products exported to China
- Initial shipment comprising approximately 1,000 tonnes of zircon concentrate
- Sold to Tricoastal/Wensheng under long term offtake agreement
- Sales milestone achieved approximately one month ahead of original schedule
- First leucoxene sales targeted for February 2016

The 1,008 tonne containerised cargo departed the Port of Fremantle aboard the CMA CGM Chopin at approximately 8.00am on Saturday 19 December, destined for the Chinese port of Xiamen. The cargo was sold under the Company's long-term offtake agreement with Tricoastal/Wensheng, China's largest zircon processor, which covers all zircon concentrate produced at Keysbrook.

The successful sale of its first zircon concentrate continues MZI's excellent record at Keysbrook, where commissioning commenced early and within budget in late October 2015.

MZI Managing Director Trevor Matthews said "It is extremely satisfying to complete our first sale from the Keysbrook Project to Tricoastal/Wensheng who we have a long standing relationship with. This shipment formally graduates MZI to the ranks of global mineral sands exporters. We are now completing all project commissioning and will quickly ramp up to full capacity, cementing MZI's standing as a high margin supplier of premium mineral sands products to the global market."

MZI is targeting first leucoxene sales in February 2016.

Over 85% of all planned leucoxene and zircon production from Keysbrook is contracted under long term offtake agreements with blue chip customers, with the Company currently in discussions regarding the remainder of uncontracted leucoxene.

All planned L70 production, totalling approximately 29,000 tonnes per annum, and two thirds of planned L88 production, totalling 25,000 tonnes per annum, are contracted to US pigment producer Chemours.

As announced previously, the Company has signed a Letter of Intent and Cooperation with leading Chinese chloride pigment producer Jinzhou Titanium Industry Co ("Jinzhou") to purchase a trial shipment of Keysbrook L88 as a precursor to discussions regarding a potential large scale offtake agreement for L88.

Keysbrook is designed to produce approximately 96,000 dry tonnes of leucoxene products and zircon concentrate annually.

Trevor Matthews
Managing Director
T: +61 8 9328 9800

Whitney Fitzsimmons
Media Enquiries
T: +61 448 285 646

MZI Resources Ltd
T: +61 8 9328 9800
E: admin@mzi.com.au
WWW: www.mzi.com.au

Traditional Therapy Clinics Ltd (ASX:TTC) Acquires Further 4 Clinics and Receives Highest Award for China's Service Industry

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Traditional Therapy Clinics Limited (ASX:TTC) has entered into contracts to acquire a further four (4) clinics from its franchised clinic base in line with its business strategy to grow its owned clinic network and diversify its revenue stream. The signing of these contracts to acquire a further 4 clinics takes the number of clinics acquired by TTC, since listing on the ASX in September 2015, to 8.

The purchase price for the 4 clinics will be paid in cash by TTC and totals RMB 28.75 million which equates to AUD $6.1 million at an exchange rate of 4.71 (AUD:RMB). The purchase price represents an EBITDA multiple of 2.0 based on the targeted clinics' earnings in the 2014 financial year.

The 4 clinics to be acquired are located in the city of Nanning in Guangxi Province. Settlement of the acquisitions is expected to be complete during January 2016. The total number of new franchise licences granted and clinics acquired by TTC during the 2015 calendar year is summarised below:


-----------------------------------------------------------
TTC Clinics Franchised Clinics Owned Clinics*
-----------------------------------------------------------
Newly franchised/
acquired in CY2015 35 8
-----------------------------------------------------------
Total number of franchised/
acquired clinics 313 19
-----------------------------------------------------------

* Includes the 4 clinics for which acquisition contracts have been signed

TTC's Growth Strategy

TTC's multi pronged growth strategy is focused on:

- Growing its number of franchised clinics; and

- Expanding its owned clinic network through the acquisition of existing clinics (from third parties or franchisees) or developing greenfield owned clinics in suitable locations.

The "owned clinic" model has become a key focus given the ability to generate a greater return on investment and its added advantage of assisting with projecting TTC's brand and further demonstrating the high standards of quality and service within the TTC network.

TTC is targeting a further 3 clinic acquisitions from its franchised clinic network over the next 2 months.

TTC's Flagship Store in Chongqing Receives Highest Level of Recognition in Chinese Service Industry

TTC's Cultural Palace Branch in Chongqing has been accredited with a National Advanced Group status, the highest level of recognition in the Chinese Service Industry.

The process to determine the businesses demonstrating the highest standards of quality throughout China commenced in May 2014. The selection criteria covered approximately 4 million companies and 100 million workers. The selection of TTC's Cultural Palace Branch in Chongqing to receive the recognition was an incredible honour for the company and all its workers and is seen as a model example to the rest of the service industry in China.

Since the start of its business, TTC's Cultural Palace Branch has been emphasising the importance of exceptional standards of quality, skills, service and management. TTC's Cultural Palace Branch has become well known in Chongqing by customers and government ministries and has previously been awarded the title of China's Five-star Foot Massage Institute (November 2012) and Chongqing's Commerce Industry Model Clinic of Honesty (2013).

Mr John Wu
Chief Financial Officer
M: +61 405 223 877
E: john.wu@ttc-ltd.com

Traditional Therapy Clinics Ltd
T: +61 2 8075 4641
F: +61 2 8075 4550
WWW: www.ttc-ltd.com

Cardinal Resources Ltd (ASX:CDV) Diamond Drilling Update

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Cardinal Resources Limited (ASX:CDV) ("Cardinal" or "the Company") announces that samples from diamond drill hole NMDD481-759 (Figure 1, see link below) have been submitted to the SGS Laboratory, Burkina Faso for fire assaying.

Highlights:

- Samples submitted from diamond drill hole are visually similar to the intercept of 83m @ 1.41 g/t in the RC drill hole located 100m to the north east (490-782)

- Core comprises hydrothermally altered volcaniclastics with disemminated pyrite and granitoids

- Depth extension to be tested along strike

Results are expected early to mid January 2016 when SGS resumes work after their annual holiday break.

Monitoring of Drilling Programs

Cardinal's technical and management team evaluates all of the available data on a daily basis with the main focus being the expansion of the gold potential.

Cardinal is the owner and operator of its own drill rig and has established an express assaying service with its drilling results, enabling the Company to continuously improve its drill plan strategy as new information becomes available.

The Company will continue drilling selective holes, submitting the samples and be on standby as results are received. Once the results have been assessed, Cardinal can plan further drill holes to maximise expansion of the gold inventory within the Namdini Project.

To view the release including Figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CDV-747244.pdf

Archie Koimtsidis
Managing Director
Cardinal Resources Limited
P: +233 (0)26 190 5220
Skype: cardinal.archie

Cardinal Resources Ltd
T: +61 8 9322 6600
E: info@cardinalresources.com.au
WWW: www.cardinalresources.com.au
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