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Pryme Energy Limited (ASX:PYM) Corporate Update

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In view of the weak oil market with limited prospect of a significant recovery in the short term, the Board of Pryme Energy Limited (ASX:PYM) has resolved to make a number of Board and management changes and to take other actions considered necessary to place the business in the best position for shareholder value creation.

The Board has resolved the following initiatives:

1. Management Changes

a. reflecting the US base of Pryme's operations:

i. the position of an Australia based CEO has been made redundant. Mr Justin Pettett shall leave the employ of the Company but will remain as a Non-Executive Director; and

ii. the US based COO position has also been made redundant. Mr Ryan Messer will also leave the employ of the Company but will remain as a Non-Executive Director.

b. in the interest of further reducing costs, the position of CFO has been made redundant effective 15 March 2016, and the Company will outsource the reduced accounting functions thereafter.

Under their Executive Service Agreements and as disclosed previously in the Company's Annual Report, upon redundancy, Messrs Pettett and Messer are entitled to receive a payment equal to 12 months' salary plus 1 month's salary for each completed year of service. Messrs Pettett and Messer have voluntarily foregone this second part of their redundancy repayments, each being an amount equal to 10 months' salary.

2. Board Changes

a. Mr George Lloyd will resign as Chairman and Non-Executive Director effective 31 December 2015;

b. Mr Daniel Lanskey will be appointed Chairman effective 31 December 2015;

c. as noted above, Messrs Pettett and Messer will cease their roles as Executive Directors and will become Non-Executive Directors of the Company;

d. Board fees will be reduced to A$30,000 per annum for each Non-Executive Director (Director Fee); and

e. Mr Messer will be required to continue to manage the existing operations of the Company; depending on the work to be performed, in addition to his Director Fee, Mr Messer may be paid a special exertion fee from time-to-time as permitted by the Company's Constitution.

3. Other Actions

a. Capitola Oil Project

Shareholders have previously been advised that the Company was considering the sale of an interest in the Capitola Oil Project to release cash and accelerate development of the Project. Whilst there is significant third party interest in the Project, it is unlikely that any incoming partner would fund the drilling of additional wells in the current oil price environment; furthermore, the Company considers that to raise additional cash for drilling wells through the equity capital markets is not currently feasible and in any case would be unacceptably dilutive of shareholders' interests. Accordingly, the Board is now considering the outright sale of the Project to build cash reserves.

In view of their future positions as Non-Executive Directors, the Board has determined that Messrs Pettett and Messer should be incentivised to procure the sale of the Capitola Oil Project on the best possible terms. Accordingly, an entity associated with Messrs Pettett and Messer will be paid a fee of 5.0% of the net proceeds of any sale of the Project upon completion of the sale. The non-interested Directors have satisfied themselves that this fee reflects appropriate arm's length terms for such a transaction.

b. Other Assets and Business Activities

The Board will conduct a review of Pryme's business and its other oil and gas assets to consider and determine how best to build shareholder value for the future. It is anticipated that this review will be completed by 31 March 2016 and the market will be kept apprised accordingly.

Mr George Lloyd
Chairman
Pryme Energy Limited
T: +61 7 3371 1103
www.prymeenergy.com

ABM Resources NL (ASX:ABU) Old Pirate Gold Mine - Revised Mine Plan

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ABM Resources NL (ASX:ABU) has completed the re-optimisation of open pit designs and prepared a revised production forecast for the Old Pirate Gold Mine.

Revised Old Pirate Mine Plan

The re-optimisation study did not support significant modification of the original pit designs for Old Pirate. The principal changes now being implemented from this exercise involve final design depths of the Old Pirate Central and Old Pirate South pits being reduced by 10 metres and 25 metres respectively. It was concluded that cutting back the walls on any of the pits to extend mining at depth was not economically viable, based on currently available processing options.

The mining inventory has been revised within the new pit designs through the application of a 50 g/t topcut and modified inventory loss and dilution factors for each pit that have been derived from operating experience to date. The revised mining inventory remaining at 1 December 2015 was approximately 50,000 tonnes at an estimated grade of 6 g/t for approximately 9,500 ounces of contained gold. Mining at Old Pirate is scheduled to be completed by early April 2016.

Including run of mine stockpiles, the total inventory available for processing at 1 December 2015 is estimated to be 70,000 tonnes grading 5.5 g/t, from which 12,000 ounces of gold are forecast to be recovered. To improve the economics of processing lower grade run of mine stockpiles, consideration is being given to introducing continuous processing in place of the two weeks on / one week off cycle employed to date. Under this scenario, processing is forecast to be completed by the end of April 2016.

Upon the completion of processing, the recovery of gold in circuit, including mill lock-up, is forecast to raise production for the period from 1 December 2015 to mine closure to approximately 14,000 ounces.

Rehabilitation of the Old Pirate mine site continues to be carried out concurrently with mining and is expected to be largely complete by the end of April 2016, when all mining equipment, infrastructure and accommodation will be demobilised.

The Next Steps for ABM in the Tanami

As previously advised, the current phase of mining at Old Pirate has not achieved targeted financial performance due to the discrepancy between the estimated mining inventory and mill reconciled production. However, significant technical data has been obtained from the exercise, leading to an improved understanding of the geology and mineralisation in the area. A significant constraint on the current operation has been the high cost per tonne of haulage and processing at the small scale Coyote Processing Plant. There is scope to revisit Old Pirate and potentially develop a more extensive and financially robust mining operation if a larger scale, lower cost processing option can be established.

The Company considers there to be potential for the development of a large scale mining and processing operation at the wholly owned Buccaneer Porphyry Gold Deposit, located just five kilometres from Old Pirate. If proven viable, this could also present an alternative processing option for future mining at Old Pirate and potentially some of the many other advanced prospects that have been identified at the Twin Bonanza Project.

Buccaneer hosts Indicated and Inferred Mineral Resources totalling 1.1 million ounces at a 1.0 g/t cut-off grade or 2.7 million ounces at a 0.2 g/t cut-off grade. Details of the Mineral Resource estimates are presented in the table appended to this announcement. Preliminary metallurgical test work carried out on samples of Buccaneer mineralisation has demonstrated excellent gold recoveries using conventional cyanide leaching at grind sizes from 75 µm to 150 µm and also achieved good performance on material crushed to 10 mm, indicating potential for processing via heap leaching.

The geometry of the Buccaneer deposit supports low cost bulk open pit mining techniques, particularly if coupled with a low cost processing route such as heap leaching. The Company is conducting a conceptual study on Buccaneer, evaluating development of an open pit mining operation with initial consideration of three different processing options: (i) conventional carbon in leach (CIL) (ii) heap leaching and (iii) heap leaching of oxide / transitional mineralisation followed by CIL treatment of the primary material.

The outcome of the conceptual study will help guide further, more detailed evaluation of financial viability and development options for the Buccaneer Project. Old Pirate will then be considered independently as a potential supplementary source of feed for any Buccaneer processing facility.

Exploration

Exploration carried out by the Company to date has identified numerous prospects that warrant further evaluation. A systematic assessment of individual exploration targets is underway that will contribute to prioritisation of future work programs and assist in defining the prospects that are to be classified as core elements of the Company's business.

As previously reported, the Company is seeking to attract other parties to fund exploration and earn an interest in non-core areas of its substantial Northern Territory land holdings. Discussions have taken place with a number of interested parties, but no further agreements have been entered into at this stage.

Old Pirate Production Summary for November 2015

During November 2015, 16,556 tonnes were mined at Old Pirate with a mill reconciled grade of 6.2 g/t gold. Mill throughput was 12,801 tonnes at a reconciled head grade of 6.8 g/t gold, with 2,779 ounces of gold recovered. The provisional mill feed grade, based on hourly sampling of the mill feed conveyor, exceeded reconciled mill head grade, leading to expectations of higher gold production than was achieved.

Life of mine monthly production is presented in the graph (refer to link below).

Chief Executive Officer

The Company and Interim Chief Executive Officer, Mr Brett Lambert, have agreed to extend the latter's employment contract for an additional three months to 16 May 2016, thus covering at least the remaining period of mining at Old Pirate and the mine closure process.

To view the release including Figures/graphs, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ABU-747264.pdf

Brett Lambert
Chief Executive Officer
ABM Resources NL
T: +61 8 9423 9777
E: admin@abmresources.com.au
WWW: www.abmresources.com.au

Atrum Coal NL (ASX:ATU) Provides Update on Bulk Sample Permit Application

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Atrum Coal NL (ASX:ATU) is providing an update on its application process for a permit to mine a bulk sample at the Company's flagship Groundhog Anthracite project ("Groundhog").

The Company has been engaged with responsible regulators within the Government of British Columbia in its application for the Bulk Sample Permit. Atrum was advised at the end of last week by those regulators that the permitting process will not be complete by the end of 2015. Atrum also received confirmation from the regulators that there are no outstanding information requirements from the Company at this time. The Company will provide further updates as new information becomes available.

Bob Bell 
Executive Chairman
M: +1 604 763 4180 
E: rbell@atrumcoal.com 

Theo Renard 
Company Secretary
M: +61 430 205 889 
E: trenard@atrumcoal.com 

Nathan Ryan
Investor Relations
M: +61 420 582 887
E: nathan@atrumcoal.com

National Storage REIT (ASX:NSR) Dividend Details

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National Storage REIT (ASX:NSR) announces the estimated distribution payable for the period 1 July 2015 to 31 December 2015 is 4.3 cents per stapled security, representing a 100% payout ratio of the estimated 31 December underlying earnings of 4.3 cents per security ($14.3m).

NSR also affirms the previously announced earnings guidance for FY16 of $29.0m - $29.5m (8.7 - 8.8 cents per security).

Details for this distribution are as follows:

Ex-Distribution Date                29 December 2015
Record Date                         31 December 2015
Estimated Payment Date              26 February 2016
Distribution per stapled security   4.3 cents

Managing Director Andrew Catsoulis said "We are pleased to provide the opportunity for securityholders to participate in the recently announced distribution reinvestment plan (DRP) allowing securityholders to reinvest their distributions in NSR in a cost effective manner."

DRP

To participate in the DRP, eligible securityholders must elect to do so prior to the Record Date of 31 December 2015. Stapled securities acquired by you under the DRP will rank equally with existing stapled securities and will be credited directly to your securityholding. Eligible securityholders who have not made an election to participate in the DRP prior to the Record Date will receive their distribution in cash as per previous distributions.

If you have not already elected to participate and would like to you can by logging on to Computershare's Investor Centre. You will need to have your SRN or HIN (as applicable) and postcode in order to access your holding online or contact Computershare on 1300 850 505 or +61 3 9415 4000.

DRP Discount

In accordance with the plan rules Directors have determined that the stapled securities will be issued at the volume weighted average market price of NSR stapled securities over a period of 10 business days commencing on the second business day after the distribution Record Date, less a 2.0% discount.

This distribution will apply to all units on issue as at the Record Date and will be paid to securityholders, as cash or additional stapled securities, in accordance with the instruction held by the registry as at the Record Date. A payment advice will be sent to investors in late February/early March 2016.

Andrew Catsoulis 
Managing Director
T: +61 7 3218 8100 

Makala Ffrench Castelli
Marketing & Corporate Affairs Manager
T: +61 7 3218 8116 | +61 481 001 330

National Storage REIT
T: +61 7 3218 8100
E: invest@nationalstorage.com.au
WWW: www.nationalstorage.com.au

Triton Minerals Ltd (ASX:TON) Due Diligence Period Extended with Shenzhen Qianhai Zhongjin Group

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Triton Minerals Ltd (ASX:TON) refers to its ASX announcement dated 27 April 2015, regarding the signing of a letter of intent (LOI) with Chinese equity firm and resources trading house, Shenzhen Qianhai Zhongjin Group Co., Ltd (SQZG).

Under the terms of the LOI, SQZG agreed to provide funding of up to US$200 million (A$282M) to build and develop a graphite concentrate operation with initial capacity to produce up to 200,000 tonnes of graphite concentrate per year from Nicanda Hill, the world's largest known graphite and vanadium project.

The due diligence period under the LOI is currently due to expire on 31 December 2015. Accordingly, the Company and SQZG have agreed an in principle extension of the due diligence period of the LOI for a further 3 months to 31 March 2016. All other terms of the LOI remain unchanged.

Garth Higgo
Chief Executive Officer
T: +61 8 6489 2555
E: ghiggo@tritonmineralsltd.com.au

Paige Exley
Company Secretary
T: +61 8 6489 2555
E: pexley@tritonmineralsltd.com.au

Triton Minerals Ltd
T: +61 8 6489 2555
E: info@tritonmineralsltd.com.au
WWW: www.tritonmineralsltd.com.au

Strategic Elements Ltd (ASX:SOR) Flexible Plastic Memory Endurance Testing

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Strategic Elements Ltd (ASX:SOR) is pleased to provide an update on the performance of the Nanocube Memory Ink technology. A drop coated flexible plastic prototype has been endurance tested and results show that data was reliably stored within the memory cell for 1000 cycles.

The Company believes that one of the positive characteristics of the Nanocube technology will be strong reliability. The equipment used to test the endurance of the prototype had a limit of 1000 cycles and therefore the maximum limit of testing was achieved in the first round of testing. Endurance testing can now be advanced to even greater limits.

The Company has completed its first round of endurance testing on the Nanocube memory technology. Endurance testing refers to tests typically done to find out whether a device can withstand the repeated writing/reading of data over a period of time under real world simulated conditions.

Endurance testing can assist to show the durability of the Nanocube technology under real world usage. The prototype is turned on and off over a period of successive cycles to determine the number of cycles memory cells can endure. Endurance testing is also vital to ensure that if memory devices are running complex applications it will be able to withstand repeated usage and maintain reliability over the duration of use.

The results from the endurance testing will advance further development. The Company is looking forward to further optimising the memory ink properties, exploring advanced plastic materials and also high technology glass materials to expand the commercial potential of the nanocube technology.

Further Developments

- In the short term the Company will focus on showcasing the unique advantages of the technology.

- The Nanocube memory ink will also be tested on glass materials for potential use in the infrastructure sector.

- Endurance testing will also be conducted over a larger number of cycles.

- Different materials from large companies such as Kodak (flexible plastics), Dupont (conductive inks) and Corning (glass) will be trialled to see which specific products enhance the performance of the memory ink even further.

Strategic Elements

ASX listed Strategic Elements Ltd operates under the Federal Government's Pooled Development Fund Program. Under this program the Company takes capital it raises through the ASX and invests it into Australian innovation. In return the Federal Government enables the Company's shareholders to pay no capital gains tax on their shares or tax on dividends. More information can be found on the Company's website at: http://www.strategicelements.com.au

The Technology

Low cost traditional printing processes combined with advanced inks and new forms of flexible materials and glass to put electronics where they could never go before e.g. wrapped around curved surfaces, attached to clothing or on building infrastructure.

The nanocube ink is made from cerium oxide and is comprised of billions of tiny cubes that are roughly 10 nanometres thick, or about 10,000 times smaller than the thickness of a sheet of paper. When placed in a solution and deposited onto a conductive surface, the cubes self-assemble: first they form a coordinated square array, then they stack on top of each other like Lego, building up layer by layer. Digital information (a series of ones and zeroes) is encoded and stored on the nanocube memory cells by applying an electrical current, which changes the cell between a resistive and conductive state.

License

ASX listed Strategic Elements Ltd 100% owned Company Australian Advanced Materials has an exclusive global licence for the technology from UNSW. It has also contracted the materials group at the UNSW School of Materials Science and Engineering to assist in developing a nanocube memory prototype, improving the technology and creating new intellectual property.

Charles Murphy
Managing Director
T: +61 8 9278 2788
E: admin@strategicelements.com.au
www.strategicelements.com.au

Strategic Elements Ltd
T: +61 8 9278 2788
E: admin@strategicelements.com.au
WWW: www.strategicelements.com.au

Triton Minerals Ltd (ASX:TON) Entitlement Issue Prospectus

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Triton Minerals Ltd (ASX:TON) are pleased to announce an Entitlement Issue Prospectus.

For a non-renounceable entitlement issue to Eligible Shareholders of up to approximately 125,516,474 Shares at an issue price of $0.09 per Share on the basis of 1 Share for every 3 Shares held on the Record Date and up to approximately 62,758,237 listed Options on the basis of 1 free attaching Option for every 2 Shares issued, with each Option having an exercise price of $0.15 and expiring on 16 March 2017, to raise up to approximately $11,296,483 before expenses.

The Offer is partially underwritten by GMP Securities Australia Pty Limited (AFSL No. 403684) to the amount of $4,000,000. Please refer to section 4.5 of the Prospectus for further details regarding the Underwriting Agreement.

This Offer closes at 5.00pm WST on 13 January 2016. Valid acceptances must be received before that date.

To view the Prospectus, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TON-747431.pdf

Triton Minerals Ltd
Garth Higgo
T: +61 8 6489 2555
E: info@tritonmineralsltd.com.au
WWW: www.tritonmineralsltd.com.au

Raya Group Ltd (ASX:RYG) Xped and UniSA Make Energy Research Study Possible

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Raya Group Ltd (ASX:RYG) is pleased to announce that Xped Holdings Limited (Xped) and the University of South Australia (UniSA) are working together to build an energy monitoring system that will encompass the "revolutionary" and "patented" ADRC (Auto Discovery Remote Control) IOT technology developed by Xped.

Highlights:

- Researchers discover Xped's ADRC following global search for energy monitoring solution

- Field trials of the ADRC enabled equipment to begin in January 2016

- Multi-year study will lead to understanding of electricity usage patterns in households

The Barbara Hardy Institute at the University of South Australia is undertaking a multi-year study of homes in the Adelaide metro area to understand the electricity usage patterns of various types of households.

Funded by a number of national competitive grants (The Australian Greenhouse Office, The CSIRO Intelligent Grid Cluster, the CRC for Low Carbon Living) the study requires the collection of data on the electricity used across the whole home and by various major appliances including fridges, washing machines and others.

Specialist in renewable energy technologies from UniSA Dr David Whaley says the search for an energy monitoring system for the project hasn't been easy.

"We searched the world for a suitable energy monitoring system but were unable to find a fully integrated system that completely met our criteria," Dr Whaley says.

"I was delighted to find that the solution we need can be produced in our own backyard.

"Originally an Adelaide company pioneering next-generation internet connection and control technologies, Xped is now working with us on an end to end energy monitoring system that collects data from individual appliances and makes it available via download from the cloud."

The equipment based on Xped's ADRC technology makes it very easy to install and configure as well as providing a very high level of data security.

Appliances are connected to Smart Plugs that accurately measure the real power consumed as well as usage patterns. Data is collected via a secure hub, compressed and then uploaded to the cloud form where it can be conveniently accessed for detailed analysis. It is expected that field trials of the new energy monitoring system will begin in January 2016.

The UniSA research will provide valuable insights into Australian energy usage patterns and can be used by governments for planning purposes as well as to assist with their climate change strategies.

About University of South Australia

The University of South Australia is Australia's University of Enterprise - globally focused, locally engaged, and committed to the principles of excellence and equity.

With more than 34,000 students, it is South Australia's largest university.

It was the youngest Australian institution to be named in the top 50 of 2014 100 global universities aged under 50 by the Times Higher Education and in 2015 was ranked by Quacarelli Symondes at number 25 globally in the young universities grouping.

UniSA's enterprising approach is underpinned by deep engagement with industry and the professions with more than 2000 collaborations and partnerships across industry, government and business worldwide.

About Xped

Xped has developed revolutionary and patent protected technology that allows any consumer, regardless of their technical capability, to connect, monitor and control devices and appliances found in our everyday environment. It's as simple as two people shaking hands. By enabling the Internet of Things, Xped's Auto Discovery Remote Control (ADRC) platform will bring benefit to Manufacturers, Retailers, Service Providers and Consumers.

Under a conditionally accepted Heads of Agreement signed on 25th October, 2015, Raya Group Ltd are in the process of acquiring Xped Holdings Ltd, including its subsidiaries and assets.

At Xped, we're Making Technology Human Again.

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

YPB Group Ltd (ASX:YPB) Raises $7.78 Million for Acquisition and Growth

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Brand authentication solutions company YPB Group Limited (ASX:YPB) has secured A$7.78 million in funding through a placement to institutional, professional and sophisticated investors at 26 cents per share.

Highlights:

- YPB placement to raise A$7.78 million

- Placement comprises a A$2.78 m placement to professional and sophisticated investors in addition to a A$5 m cornerstone investment

- Funding to secure Motif Micro acquisition and investment for growth

The placement includes a A$5 million investment by Lanstead Capital LP (Lanstead) by way of a placement of 19,230,769 ordinary shares at $0.26 per share, details of which include the following:

- YPB will receive A$750,000 of the investment upfront with the remainder invested in an equity sharing agreement between the two parties. Under the agreement YPB will receive 18 monthly cash settlements for the remaining A$4.25m of the investment by Lanstead Capital. This sharing agreement allows the Company to secure much of the potential upside arising from the anticipated share price performance of YPB.

- The A$4.25m cash component will be determined by the Company's share price based monthly on a Volume weighted average price for 5 trading days prior to each settlement date against a benchmark price of A$0.3467 per share, and if the YPB share price exceeds the benchmark price for that month, YPB will receive more than 100% of the monthly settlement due on a pro rata basis. Importantly, there is no upper limit placed on the additional funds receivable by the Company as part of the monthly settlements. Should the share price be below the benchmark price for that month, YPB will receive less than 100% of the expected monthly settlement on a pro rata basis (so that the total cash received by YPB may exceed or fall below A$4.25 m). In addition, YPB has agreed to make a value payment to Lanstead of 961,538 ordinary shares as consideration for the sharing agreement. The future performance of the YPB share price will not result in any increase to the number of shares issued to Lanstead Capital.

Placement shares are expected to be issued on Thursday 24t h December 2015.

Net proceeds from the raising will be used in part for funding the A$1.39 million initial cash consideration for the acquisition of Motif Micro, as announced on 8 December 2015, as well as for working capital and growth investment.

BW Equities Pty Ltd acted as sole lead manager for the placement with TMT Partners Pty Ltd acting as corporate adviser.

YPB Group's CEO and Executive Chairman John Houston commented: "This capital raising puts the Company in an excellent position to continue the progress of our PROTECT DETECT CONNECT strategy, which continues to gather momentum with recurring revenue, new clients and complementary acquisitions such as Motif Micro. In particular, Lanstead Capital joining as a substantial shareholder shows its commitment to support YPB and our vision. We welcome them as a shareholder and look forward to increasing overall shareholder value together."

The Company's securities will today be released from trading halt upon lodgement of this announcement with the ASX.

To view the release, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-YPB-899125.pdf

Mr. John Houston 
CEO
YPB Group Limited 
T: +61 458 701 088 
E: john.houston@ypbsystems.com 

Mr. Robert Whitton
CFO and Company Secretary
YPB Group Limited
T: +61 457 666 309
E: rob.whitton@ypbsystems.com
W: www.ypbsystems.com

Media and Investor Enquiries
Matthew Wright
NWR Communications
T: +61 451 896 420
E: matt@nwrcommunications.com.au

KGL Resources Ltd (ASX:KGL) Board Changes

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KGL Resources Limited (ASX:KGL) advises that in response to low commodity prices and market conditions, the Company is implementing plans to minimise administrative expenditure. As part of this process, Mr John Taylor will step down as a non-executive Director and Simon Milroy will also step down from the board and continue as Chief Executive Officer.

Denis Wood will now assume the role of Chairman of the Company and in this capacity, he thanked John for his contribution and service over the past six and a half years.

The board has also has implemented a number of other cost saving measures including reductions in the workforce and reducing board fees by 30%.

Mr Simon Milroy
CEO
Phone: (07) 3071 9003

eCargo Holdings Ltd (ASX:ECG) Selected by Woolworths Limited (ASX:WOW) for Digital Commerce Launch in China

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eCargo Holdings Limited (ASX:ECG) ("ECG") announced today that eCargo has been engaged by Woolworths Supermarkets ("Woolworths") to provide services to support the retailer's operations in the China consumer market. Woolworths is Australia's largest supermarket chain, operating 872 stores across Australia, and a part of Woolworths Limited (ASX:WOW). Engagement of eCargo by Woolworths represents ECG's first entry into the food and groceries sector in digital commerce, the fastest-growing sector in the digital commerce industry.

This launch exemplifies ECG's unique positioning, and being able to build on a 25 year continuous relationship between Woolworths and Cargo Services Far East. Cargo Services Far East is a member of CS Logistics Holdings Limited, a significant investor in ECG.

ECG will build and manage Woolworths' storefront on Tmall, the largest B2C online marketplace in China today, will coordinate Woolworths' inventory, packing and distribution requirements, advise on brand entry strategy and undertake a wide-range of digital and social marketing activities for Woolworths.

Online retailing is rapidly gaining traction in China. According to the South China Morning Post in Hong Kong on December 17, 2015, "The Chinese mainland will account for over half of the global retail e-commerce market by 2018 as its growing middle class and broad use of smart mobile devices nationwide drive domestic consumption... New York-based research firm eMarketer yesterday predicted China's total retail e-commerce sales in 2018 would increase 133 per cent to US$1.568 trillion, up from an estimated US$672 billion this year."

ECG is strategically positioned as international brands continue to target the Chinese online market. Since its listing on the ASX in 2014, ECG has brought several high-profile brands into China, including Karen Millen, La Perla, Tom Tailor, Mammut, New Look and Jeanswest Australia.

Commenting, ECG Executive Chairman, Mr. John Lau, said: "We are very excited for eCargo to be partnering with Woolworths for food and groceries in their entry into China. We believe the food and groceries segment will experience huge growth in the coming years between Australia and China, as cross-border trade restrictions ease and the China Australia FTA takes effect."

ECG's Chief Executive Officer, Mr. Christopher Lau, said: "This is a significant milestone for eCargo in expanding into food and groceries. It is a testament to our team and our ability to work with a top supermarket chain in Australia. We are delighted to have this opportunity to connect China's consumers with more high-quality Australian food and grocery products."

"We are pleased that Woolworths have selected eCargo to work with them in their first foray into digital commerce in China and are very excited to take part on this journey with Woolworths. I am confident that we can contribute to grow Australian exports to China," he said.

eCargo Holdings Ltd
T: +852 2481 8308
E: enquiries@ecargo.com
WWW: www.ecargo.com

Geoff Fowlstone
T: +61 2 9955 9899
M: +61 413 746 949
E: geoff@fowlstone.com.au

Charis Lee
T: +61 2 9955 9899
M: +61 400 314 188
E: charis@fowlstone.com.au

Argent Minerals Limited (ASX:ARD) Significant Intersections at Kempfield Including Copper and Gold

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Argent Minerals Limited (ASX:ARD) (Argent Minerals or the Company) is pleased to report that significant intersections have been encountered early in the Kempfield diamond drilling program.

Highlights:

- First time copper intersections at Kempfield, including 1.8 m @ 1.21 % Cu from 136 metres by hole AKDD181

- High grade gold intersected by hole AKDD181 - 1 m @ 1,065 g/t Au from 97 metres by hole AKDD181

- Discovery of new mineralisation supporting Argent Lens 4 interpretation

- Depth potential of Kempfield deposit confirmed to > 400 metres

- Strong chlorite and moderate intensity carbonate alteration observed in Lens 2 position at 420 m depth - indicative of potential proximity to massive sulphides

Holes AKDD181 and AKDD180 have both intersected copper values, including 1.8 m @ 1.21 % Cu from 136 metres by hole AKDD181.

Hole AKDD181 has also intersected very high grade gold, including 1 m @ 1,065 g/t Au from 97 metres.

Whilst the exploration results are preliminary in nature at this early stage of the planned 7 hole 3,200 metre drilling program, the intersections confirm the occurrence of new mineralisation that extends along strike to the north - supporting earlier interpretations by Argent of a Lens 4 based on magnetometric conductivity (MMC) surveys performed in 2014, and symmetry with existing known lenses.

Intersections also confirm depth extensions of Lens 2 to greater than 400 metres, with the observed alteration intensity indicating proximity to possible massive sulphides.

Whilst elevated assays were observed at the Lens 3 position for hole AKDD181, no significant mineralisation was intersected in that location.

About the intersections

Significant assays are reported in the order of drilling as follows:

o Hole AKDD181

- 1 m @ 0.06% Pb, 0.02% Zn, 0.16% Cu, 143 g/t Ag & 10651 g/t Au from 97 metres;

- 1.8 m @ 0.02% Pb, 0.05% Zn, 1.21% Cu, 50g/t Ag & 2.99 g/t Au from 136.8 metres;

- 1.6 m @ 0.93% Pb, 0.82% Zn, 0.01% Cu, 29 g/t Ag & 0.42 g/t Au from 382.5 metres; and

- 0.2 m @ 4.09 g/t Au from 407.3 metres.

o Hole AKDD180

- 4 m @ 0.45% Pb, 1.19% Zn, 0.45% Cu, 20 g/t Ag & 0.1g/t Au from 54 metres.

Notes:

1. The magnitude of the Au intersection is likely due to a nugget effect. However, the results are of a considerable value. Core inspections will be conducted to confirm whether the gold occurrence is nuggety or homogeneous in nature. Further assays will also be conducted on core and pulps to test for the possibility of a nugget effect.

2. Drill core was selectively sampled for assay based on visual observations. Further sampling assays may be conducted as deemed appropriate by the exploration manager.

3. Visual core observations conducted at the Lens 2 position at depth noted strong to intense chlorite alteration with moderately intense carbonate alteration indicating a proximal position to possible massive sulphides. Alteration of this type and combination are common in the zone between the barite position and massive sulphides.

4. Figure 1 in link below provides a plan view with the hole collars and approximate hole azimuths indicated.

5. Figures 2 and 3 in link below provide section representations of the holes and the reported intersections in relation to existing and interpreted lenses.

6. Hole AKDD180 was terminated at 210.5 metres due to poor drilling conditions encountered.

Next steps

Further analysis will be conducted by Argent on the first two holes, including pathfinder element geochemistry, in order to optimise the position and design of the next holes in the drilling program.

Drilling is anticipated to recommence approximately during the 3rd week of January 2016, depending on the analysis and drilling logistics.

To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ARD-747477.pdf

David Busch
Managing Director
Argent Minerals Limited
M: 0415 613 800
E: david.busch@argentminerals.com.au

Atrum Coal NL (ASX:ATU) Interview with Executive Chairman Bob Bell

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Atrum Coal NL (ASX:ATU) is pleased to announce that Executive Chairman Bob Bell has participated in an interview with BRR Media.

Mr Bell provides an update on the Company's flagship Groundhog Anthracite Project in British Columbia, Canada, and outlines Atrum's priorities for 2016.

The interview can be accessed from 9:00am AEDT through BRR Media at:
http://www.abnnewswire.net/lnk/660Z2M00

The interview is also available on the Company's website at http://www.atrumcoal.com

Bob Bell 
Executive Chairman
M: +1 604 763 4180 
E: rbell@atrumcoal.com 

Theo Renard 
Company Secretary
M: +61 430 205 889 
E: trenard@atrumcoal.com 

Nathan Ryan
Investor Relations
M: +61 420 582 887
E: nathan@atrumcoal.com

Yonder and Beyond Group Ltd (ASX:YNB) Achievements for 2015

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Yonder and Beyond (ASX:YNB) has released a video to shareholders and other market participants, in which it provides an overview of some of its achievements for 2015.

The video can be viewed, in full on the Yonder & Beyond website at:
http://yonderbeyond.com/yb-2015-achievements/

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

Raya Group Ltd (ASX:RYG) Technical Expert Review on Xped

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Raya Group Ltd (ASX:RYG) is pleased to announce that Dr Daniel Floreani of Flocom Consulting has provided an independent Technical Expert Review on the technology developed by Xped Holdings Limited (Xped).

The review was prepared on behalf of Raya Group, access the review in the link below:
http://media.abnnewswire.net/media/en/docs/ASX-RYG-899395.pdf

About Xped

Xped has developed revolutionary and patent protected technology that allows any consumer, regardless of their technical capability, to connect, monitor and control devices and appliances found in our everyday environment. It's as simple as two people shaking hands. By enabling the Internet of Things, Xped's Auto Discovery Remote Control (ADRC) platform will bring benefit to Manufacturers, Retailers, Service Providers and Consumers.

Under a conditionally accepted Heads of Agreement signed on 25th October, 2015, Raya Group Ltd are in the process of acquiring Xped Holdings Ltd, including its subsidiaries and assets.

At Xped, we're Making Technology Human Again.

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

Orocobre Limited (ASX:ORE) Changes in Argentine Government Policy

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Orocobre Limited (ASX:ORE) (TSE:ORL) wishes to provide guidance on the impact of changes in Argentine Government policy on its business operations in Argentina.

Mauricio Macri was elected as President of Argentina at the final round of elections held on 22 November 2015 and assumed office on 10 December 2015. The election of President Macri represents a significant break with the policies of the previous administration. President Macri and his administration have a stated aim of turning Argentina into an open and free economy, reconnected to the world.

President Macri's administration has moved quickly to implement sweeping changes to lift economic restrictions and controls.

Key changes made that directly benefit the Company's operation in Argentina include:-

- removing the "dollar clamp" to allow the free flow of capital in and out of the country

- effectively allowing the floating of the Argentine peso and ending the artificially high official exchange rate

- eliminating export taxes on almost all agricultural and industrial products, specifically removing the 5% export duty on lithium carbonate and refined boron products

- removal of most controls on the importation of goods into Argentina

The importance to Orocobre of the removal of the dollar clamp at this stage of our operations is of significant importance as not only will the risk of delay in receiving imported equipment and consumables be removed but the removal will permit the free flow of dividends in the future from our operating companies. Previously, export proceeds had to be repatriated to Argentina after payment of debt service obligations but access to foreign exchange for the purchase of equipment, reagents or to pay dividends was restricted. With the changes, companies can access US$2m to December 31 increasing to US$4m from then to the end of May 2016 and unlimited access from the end of May 2016. This has a positive impact on operational matters, the treasury function and the payment of dividends. Although the restrictions on dividend payments had not affected the Company during construction of the Olaroz Lithium Facility, this restriction was a major point of concern with the investment community.

After a long period of a an overvalued AR$, the re-adjustment of the currency to a lower value through the floating exchange rate has improved the competitiveness of our operations, in particular at Borax Argentina where there is a higher proportion of local costs. Our SBLC dollar guarantees against peso loans are also strengthened, creating additional local funding.

The Macri administration has removed or significantly reduced the export retentions (duties) on all agricultural and industrial products. A 5% duty on the Company's high value added lithium carbonate and refined borax products has now been removed. The 10% duty payable on boron mineral concentrates remains in place for the time being.

Finally, the removal of import restrictions which affected the Company during construction will allow for more rapid international sourcing of materials and equipment and will remove the procurement challenges previously encountered by the Company's teams at Olaroz and Borax Argentina.

Orocobre has been working in Argentina since 2006 and has been able to finance, build and operate the Olaroz Lithium Facility, the first new brine based lithium facility in approximately 20 years, high in the northern Andes of Argentina with quite onerous government policy constraints in place. We are very pleased that Argentina now has a government determined to encourage business development and facilitate the country's economic growth.

This change in philosophy and approach is good for Orocobre now and in the future.

Australia and Asia 
Richard Seville
Managing Director
T: +61 7 3871 3985
M: +61 419 916 338
E: rseville@orocobre.com

David Hall
Business Development Manager
T: +61 7 3871 3985
M: +61 407 845 052
E: dhall@orocobre.com

North America
James Calaway
Chairman
M: +1 (713) 818 1457
E: jcalaway@orocobre.com

Crusader Resources Limited (ASX:CAS) to Focus on High-Grade Gold Development

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Crusader Resources Limited (ASX:CAS) is pleased to provide an update on progress at its 100% owned Juruena Gold Project.

- Licensing progressing on schedule

- Preliminary equipment quotations and Scoping Study advanced

- Discussions with Financing Partners underway

Licensing

Crusader is pleased to announce that the applications for trial mining licences ('Guia de Utilização') (GU), over the high-grade Juruena Gold Project, have been lodged with Brazilian authorities.

On grant of the GUs, Crusader will be permitted to conduct underground mining on both the Querosene and Dona Maria prospects up to a maximum throughput of 100,000 tonnes of ROM material, or 50,000 tonnes per prospect.

The project development strategy for Juruena is similar to the direction undertaken by the Crusader operational team in commissioning the Posse Iron Ore Mine, and has been the path to production for a number of other successful mining companies in Brazil.

In addition to the GU applications, Crusader's licensing team has commenced the application process for a full 'Concessão de Lavra' (Mining Concession / Mining Licence). In order to achieve the application for a full mining licence, Crusader has engaged several internationally recognised consulting groups to conduct both environmental and social impact assessments for the planned operations, which will comply with the Brazilian mining code and International Finance Corporation (IFC) performance standards.

The full mining licence will remove the tonnage restriction on operations and allow the project to expand to full capacity.

Scoping Study Advances

Denver based international engineering firm Global Resource Engineering (GRE) has progressed preliminary costings for the project. The preliminary costings are based on appropriately sized plant and equipment to mine and process within the tonnage restrictions of the GU licence, and leverage Crusader's existing in-country iron ore operations, to source locally manufactured equipment and contractors in the mining focused city of Belo Horizonte.

Preliminary costings support a modular processing facility, the design of which would be intentionally semi-mobile and on a minimalistic footprint to allow it to be relocated post the granting of the full mining licence.

In addition to the processing facility, GRE has completed preliminary costings on both owner operator and contract development for both the Querosene and Dona Maria ore bodies, allowing access to the current known Mineral Resources1. Tender documents for contract underground mine development will be issued in January 2016 in line with company's development schedule.

Crusader will recommence drilling early in 2016 in order to increase confidence levels and evaluate a number of close, high-value targets identified by the 3D resource models that have been built around the current inferred resources.

Project Funding

Crusader has commenced preliminary discussions with potential financing partners to provide a debt facility to develop the Juruena Gold Project. These discussions are ongoing with a final firm agreement likely to be linked to the completion of the Scoping Study and new resource statement scheduled for April 2016.

The weakening Brazilian currency continues to have a positive effect on the economics of gold production in Brazil in a similar dynamic to that being experienced by Australian gold producers. Crusader intends to fast-track the development of Juruena to take advantage of this favourable commodity environment.

To view the release including Figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CAS-747707.pdf

Mr. Rob Smakman 
Managing Director, Brazil
Office (Brazil): +55 31 2515 0740 
Email: rob@crusaderdobrasil.com 

Mr. Paul Stephen
Executive Director, Australia
Office (Aus): +61 8 9320 7500
Email: paul@crusaderresources.com

KGL Resources Ltd (ASX:KGL) Announces $3 Million Capital Raising

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KGL Resources Limited (ASX:KGL) is pleased to announce a capital raising to raise up to $3 million by way of a two for nine pro rata non-renounceable entitlement offer, fully underwritten by Denis Leslie Wood (Entitlement Offer).

Eligible shareholders will be able to apply for additional shares through a top-up offer.

The offer price for the Entitlement Offer is $0.095 per share.

Funds raised through the capital raising will be used for the exploration and development of KGL's Jervois Copper-Silver Project in the Northern Territory as well as being applied to corporate overheads, working capital and offer costs.

The principal terms of the non-renounceable rights issue are as follows:

- Two (2) new fully paid ordinary shares for every nine (9) shares held

- An issue price of 9.5 cents per share, representing a discount of 5% to the closing price of KGL shares on 24 December 2015 of $0.10 (being the last trading day before announcement of the Entitlement Offer) and a discount of 4.13% to the TERP.

Use of funds
---------------------------------------------------------
Source of funds                              $3m raising
Cash on hand December 2015                   $1.4 million
Funds raised after costs                     $3 million
---------------------------------------------------------
Total funds available                        $4.4 million
---------------------------------------------------------

Use of funds
---------------------------------------------------------
Exploration                                  $2.8 million
Project development
(follow up drilling, EIS and other studies)  $0.3 million
Working capital                              $1.3 million
---------------------------------------------------------
Total budget                                 $4.4 million
---------------------------------------------------------

Key dates

Detailed information regarding the Entitlement Offer will be sent to shareholders in accordance with the timetable below.

Activity Date

- Record date for Entitlement Offer (7:00pm Brisbane time): 5 January 2016

- Information booklet, and entitlement and acceptance form despatched: 8 January 2016

- Entitlement Offer opens: 8 January 2016

- Closing date for acceptances under Entitlement Offer (5:00pm Brisbane time): 22 January 2016

- Announcement of results of Entitlement Offer and under-subscriptions: 28 January 2016

- Settlement of new shares under the Entitlement Offer: 29 January 2016

- Allotment of new shares issued under the Entitlement Offer: 1 February 2016

- Despatch of holding statements for new shares issued under the Entitlement Offer: 1 February 2016

- Normal ASX trading for new shares issued under the Entitlement Offer commences: 2 February 2016

To view the Capital Raising Presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-KGL-899868.pdf

To view the Entitlement Offer Cleansing Notice, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-KGL-899879.pdf

To view the Notice to Option Holders, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-KGL-899882.pdf

To view the Letter to Eligible Shareholders, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-KGL-899889.pdf

KGL Resources Ltd
Simon Milroy MD
T: +61 7 3071 9003
E: info@kglresources.com.au
WWW: www.kglresources.com.au

XPD Soccer Gear Group Ltd (ASX:XPD) Operation Updates

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XPD Soccer Gear Group Limited (ASX:XPD) is pleased to release the following updates.

Financial Results

Sales up to 30 November 2015 was approximately RMB436million (equivalent A$95m), approximately 18% up from corresponding period in 2014, and the Gross Profit Margin remained at approximately 33%. The continued increase in sales is largely due to the growing momentum in Chinese soccer market and increasing number of retail outlets. We now expect sales to exceed RMB480 million for the twelve months to 31 December 2015. EBIT was approximately RMB106million for the eleven months of 2015 due to continued investments in marketing and one-off IPO costs.

Operational Updates

XPD continued to expand its distribution networks in third and fourth tier cities in China. As at 30 December 2015, total XPD retail outlets in China reach 2,062, representing an increase of 52 outlets from 30 June 2015, most of which are located in Liaoning Province and Jilin Province in North-eastern China. XPD more focused on store productivity through a better merchandizing of products, more prominent displays and a constant uplifting of performance standards through training and education of XPD distributors and retailers.

XPD has recently been granted a design patent (Patent Number: ZL 2015 3 0180173.1) for soccer shoes by State Intellectual Property Office of the PRC.

XPD sponsored Queensland U19 Soccer Team for the Pacific School Games in Adelaide in November 2015.

XPD Soccer Gear Group Ltd
T: +61 3 9909 7412
E: andrew.s@xpdsoccer.com.au
E: ting@xpdsoccer.com.au
WWW: www.xpdsoccer.com.au

Crusader Resources Limited (ASX:CAS) Successfully Completes $1.3M Placement

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Crusader Resources Limited (ASX:CAS) ("Crusader" or "the Company") is pleased to announce it has successfully completed an ordinary share placement ("Placement") with Institutions and Sophisticated Investors to raise $1.3 million.

These funds will enable the scoping study on the Juruena Gold project to be completed in the first quarter of 2016 in line with the company's schedule to develop and construct a modular gold plant targeting the multiple high grade gold resources identified on Crusaders 100% owned Juruena Gold Project.

The Juruena Gold Project is located on the western end of the Alta Floresta-Juruena mineralized belt, a geological belt which has already yielded over 7Moz Au.

The Juruena Project provides both near term production potential by exploiting shallow, high-grade mineralisation at Querosene coupled with longer dated upside through the potential large scale systems at the five other known mineralised zones at Juruena and the unknown potential at Novo Astro.

Novo Astro is Crusader's second project on the Alta Floresta gold belt, ~25km south east of Juruena and presents as a 5km wide circular soil anomaly potentially multi-million-ounce intrusion related gold deposit. Rock chip samples at Novo Astro returned 264 g/t Au and 101.7 g/t Au, (NR Sept 11, 2013) alluvial gold has been mined at Novo Astro for approximately 40 years by local Brazilian garimpeiros.

Crusader is focused on developing a cashflow from the Juruena project in the near term to allow the much larger potential of this landholding to be properly evaluated.

The issue price under the Placement is $0.12 per share (with a free 1 for 2 unlisted $0.15 option, expiring 31 December 2017.

The Placement was strongly supported by existing key shareholders and Directors including, Chairman, Stephen Copulos and the Company regards this as a strong endorsement of the quality of its projects. The Copulos group has advanced $500,000 in funding which will convert to ordinary shares and options on the same terms as Tranche 1 of the Placement, subject to shareholder approval.

Completion of the Placement is expected to occur as follows:

Tranche 1 (6,300,998 shares and 3,150,449 Options) - Completion is expected on 31 December 2015; and

Tranche 2 (4,666,666 shares and 2,333,333 Options) - Completion of Tranche 2 including Director participation is subject to shareholder approval which will be sought at a General Meeting anticipated in February 2016. Completion of tranche 2 will occur as soon as practical following the meeting.

Mr. Rob Smakman
Managing Director, Brazil
Office (Brazil): +55 31 2515 0740
Email: rob@crusaderdobrasil.com

Mr. Paul Stephen
Executive Director, Australia
Office (Aus): +61 8 9320 7500
Email: paul@crusaderresources.com
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