Quantcast
Channel: ABN Newswire
Viewing all 12623 articles
Browse latest View live

Sayona Mining Ltd (ASX:SYA) Western Iron Tenement at the Corkwood Project Acquired

0
0
Sayona Mining Limited (ASX:SYA) ("Sayona" or the "Company") is pleased to announce that it has exercised its option to acquire the Western Iron tenement (E80/4511) at the East Kimberley project, Western Australia (see Figure 1 in link below).

The Company recently completed a drilling program at Corkwood comprising 33 reverse circulation drill holes totaling 2,949 metres covering 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.

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 have been dispatched for analysis and the first results are anticipated in late January 2016.

The Western Iron tenement purchase price was $200,000. Western Iron Ore Pty Ltd is entitled to receive a 1% gross production royalty and retains a Back-in Right to the nickel, copper and iron mineralisation by the payment of $100,000 within 12 months.

To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SYA-901888.pdf

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

Balmoral Resources Ltd (TSE:BAR) Letter From President Darin Wagner

0
0
To Our Shareholders: With the calendar now showing 2016 I thought it appropriate to review Balmoral Resources Ltd's (TSE:BAR) (OTCMKTS:BALMF) accomplishments over the past 12 months. As well I wanted to provide you with some guidance and observations on what promises to be an active and highly prospective year for your Company.

As you are well aware, 2015 brought more challenges across the resource sector as global economic conditions continued to soften. Despite that, BAR made considerable progress on both of its primary assets. While the current share price does not reflect it, the turning of the calendar finds both the Grasset Nickel-Copper-PGE Zones and the Bug Lake Gold Zones at considerably more advanced stages of development than at the start of 2015. As well our work during 2015 continued to demonstrate the superb exploration potential of our Detour Trend Project in Quebec.

At Grasset, the H3 and H1 nickel-copper-PGE deposits expanded significantly throughout the year. Drilling of the H3 deposit traced broad zones of mineralization to over 500 metres vertical depth, including the discovery of a new very high-grade footwall breccia sub-zone (see NR15-17; Nov. 16, 2015). Similar progress was made on the sub-parallel H1 deposit and at year end both deposits remained open to depth for further growth. The Company completed sufficient drilling above the 500 metre vertical level to begin preparation of an initial resource estimate for the Grasset discoveries. This initial resource estimate is currently slated to be released during the first quarter of 2016.

In support of the initial resource, metallurgical testing of the H3 deposit was completed in late 2015 (See NR15-13; Sept. 30, 2015). The test work was extremely positive, returning results similar to, or better than, a number of globally significant nickel producers using a simple and conventional flowsheet. The results significantly enhance the H3 deposit's potential development parameters and were received well by a number of participants in the nickel sector.

At Martiniere, we continued to delineate and expand the Bug Lake Gold Trend ("BLT"), with our drill program returning some of the strongest gold intercepts to date from this large system (See NR15-05 and 15-06; April 20 and May 13, 2015). Our team successfully completed infill drilling of the northern third of the BLT to approximately 200 metres vertical depth. This work has outlined potential for a shallow, high-grade "starter" pit along this portion of the Trend. Beneath, and along strike from this area, Balmoral has already demonstrated significant high-grade gold potential throughout the system which will be the focus of further delineation work in 2016.

Initial testing along the southern projection of the BLT was successful and indicates potential to expand the strike length of the Trend by at least 50%. As well, initial metallurgical work on the Bug Lake Zones returned strong gold recoveries of over 91% (see NR15-19; Dec. 10, 2015).

Continued Greenfields Exploration identified several new nickel-copper-PGE occurrences along the length of the Grasset Ultramafic Complex. Drilling also indicated potential for new, high grade gold discoveries in the Grasset-Fenelon area with intercepts ranging from 1 to 216 g/t gold (see NR15-07; May 26, 2015). Work in the Martiniere area confirmed the discovery of a new, gold bearing shear zone system (Lac Du Doigt) which remains largely untested (see NR15-16; Nov. 3, 2015). As well several new gold occurrences were identified proximal to the BLT on the south-central portion of the Martiniere property. In the Lac Grasset area drilling encountered several massive sulphide zones, further enhancing the Cu-Zn VMS potential of this previously untested area of the Detour Trend Project.

Balmoral is now in the enviable position of having two expanding, delineation stage mineral deposits - one gold and one nickel - in addition to one of the most prospective land positions in the world-class Abitibi region. The Abitibi remains one of the most geologically, logistically, and politically favourable mineral belts on the planet, and Quebec is one of the most favourable jurisdictions for mineral deposit development.

On the Corporate front Balmoral continued to remain at the forefront of the mineral exploration sector, significantly over-subscribing our fall 2015 $5.4 million financing, at above market pricing (see NR15-18; Nov. 18, 2015). This enhances the long term financial health of the Company and supports an active 2016 program on our projects in Quebec. Balmoral remains one of a select group of exploration companies in a financial position to deliver opportunities to its shareholders through a combination of expansion/advancement of its existing deposits and discovery focused exploration. While the Company maintains a strong treasury we continue to focus on reducing overhead expenditures where practical and concentrate on putting our dollars "into the ground".

At the risk of stating the obvious, these achievements have come at a most challenging time for our industry. During 2015 the gold price continued a decline that began in 2011, trading to lows in the US$1,050 range not seen since 2009. Despite this decline the weakness in the Canadian dollar has made producing and near-production Canadian gold assets appealing, as has political uncertainty in other parts of the globe.

Nickel, after a dramatic run-up in price during 2014 tailed off throughout 2015 and, like gold, traded down to multi-year lows before a mild recovery in late 2015. Analysts throughout the mining sector continue to predict a recovery in the nickel price during 2016, but this will require working through large warehouse inventories.

Corporately we have no influence or control over metal prices so we will continue to focus on expanding and de-risking our more advanced assets and on the discovery process which, even in tough markets, has demonstrated the ability to create strong shareholder returns as we witnessed in 2014 with the discovery of the H3 deposit at Grasset.

In November of 2015 Balmoral celebrated its 5th Anniversary. What was a geological concept and an exploration opportunity five years ago has now evolved into two resource delineation stage deposits and the recognition of a number of broad-scale mineralized trends across the length of our Detour Trend Project. The Company has won or been nominated by its peers for several major exploration awards and continues to be recognized for its strength in project generation and exploration. We are also pleased to have provided our shareholders with several periods of strong growth and share price appreciation over the last five years, including being one of the best performing mining equities in Canada during 2014, despite extremely difficult market conditions.

While the last 6 months have been challenging for the Company and its shareholders, caught between expectations created by our exceptional performance in 2014, rapidly falling nickel prices and the continued decay both in the gold price and in the sentiment toward resources in general, 2016 has the potential to be a transformative year for the Company. The delivery of the maiden resource estimate for the Grasset nickel-copper-PGE deposit early in the year will transition Balmoral from a pure exploration play into a Company boasting its first current metal resource and inventory. With the continued progression of delineation of the Bug Lake Gold system at Martiniere, preparation of a second resource is anticipated and exploration continues to indicate strong potential for the discovery of other gold and base metal deposits on the Detour Trend Project.

After a very warm start to the winter season, cold weather has finally arrived in the project area which should see drilling resume in Quebec later this month. In the Grasset-Fenelon area, targets set for testing will include nickel-copper-PGE opportunities along the Grasset Ultramafic Complex, as well as follow-up testing of a number of gold discoveries the Company has made in the area over the last 12 months.

At Martiniere, work along the BLT will focus on deeper testing and infill drilling along the central portion of the Trend. As well, additional testing of the recently discovered Lac du Doigt Gold Trend is planned for 2016. Detour Gold's recent high-grade gold discovery just across the border in Ontario provides an additional model and opportunity for exploration on the Detour East Property and throughout the Project area. The Detour East Property already hosts the longest known gold mineralized trend in the region - the Lynx-Rambo Gold Trend - a 13 kilometre-long series of gold occurrences - which will see it's first testing by the Company in 2016.

In answer to the frequently asked question 'What kind of Company are you, are you a gold company or a nickel company?' Balmoral remains the same "kind" of Company that it has been since it was founded - an exploration company focused on creating shareholder value through the discovery and delineation of significant mineral assets in the major mineral producing regions of Canada. The fact that we have successfully discovered both precious and base metal deposits of significance on our Detour Trend Project in Quebec is a testament to the outstanding potential of the Project, the hard work of our team on behalf of the shareholders, and the ability of our team to adapt and deliver on a variety of fronts in a challenging geological environment.

As always we greatly appreciate your support and are always here to address your questions or concerns. The Balmoral team wishes you a healthy, happy, and prosperous 2016 and we hope you will continue to follow and be part of our successes over the next 12 months.

"Darin Wagner"

President and CEO

John Foulkes
Vice-President
Corporate Development
Tel: (604) 638-5815
Toll Free: (877) 838-3664
E-mail: jfoulkes@balmoralresources.com

KBL Mining Ltd (ASX:KBL) Appointment and Resignation of Director

0
0
KBL Mining Limited (ASX:KBL) is pleased to advise that Mr Charles Brown has been appointed as a non-executive director of the Company.

Mr Brown's appointment follows the resignation of Mr David Laing as a non-executive director due to business commitments. The Board of Directors would like to thank Mr Laing for the valuable contribution he has made to the Company.

Mr Brown is a mining professional with over 40 years of extensive, international experience in operations, project development and corporate management. He holds the position of Executive Vice President, Mine Engineering, with Quintana Resources Capital ULC and brings both business acumen and hands on, mining operations experience to our Company.

Prior to joining Quintana Resources Capital, he worked for developing and producing mining Companies including: Great Panther Silver (Vancouver/Mexico), NewGold (New Afton, BC), Crystallex (Venezuela), Outokumpu (Tara Mines, Ireland), Giant Yellowknife Mines (Timmins, Ontario) and Sherritt (Lynn Lake, Manitoba).

Most recently, Mr Brown has held the positions of Chief Operating Officer and Senior Vice President, Corporate Development for Great Panther Silver. During this period, he was involved in developing the Company into a growing and profitable silver producing Company.

As Managing Director of Tara Mines Ltd. in Ireland, for Outokumpu, Mr Brown was responsible for Europe's largest and highly mechanized, underground zinc mine. During that time he oversaw significant productivity and cost improvements, along with major technical advances in mining and metallurgical performance. Throughout his career, he has been involved with M&A activities and metal market research, conducting technical due diligence on several base metal and precious metal projects and operations.

Mr Brown holds a BSc. Honors Degree in Mining Engineering from the University of Nottingham, U.K.

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

Blackmores Limited (ASX:BKL) and Bega Cheese Ltd (ASX:BGA) Launch Infant Nutrition Products

0
0
Blackmores Limited (ASX:BKL) has partnered with Bega Cheese Ltd (ASX:BGA) to develop a nutritional range of products. The first of these are infant nutrition formulas that are on sale in Australia from today.

"We've developed three Australian made products, formulated with the highest quality, premium ingredients and based on the combined expertise of Blackmores and Bega's subsidiary Tatura," said Blackmores CEO, Ms Christine Holgate. "Together our companies have more than 180 years of combined experience in nutrition and dairy manufacture which is one of the key reasons our customers trust our quality and ingredients."

Australian pharmacies will be the first to receive delivery of the new formulas, with the products also to be sold through established retailers in Asia including TMall.

"Our initial focus is supplying Australian pharmacies so mums have quality advice from a trusted healthcare professional," said Ms Holgate.

Blackmores has also bolstered their healthcare professional support in infant nutrition including the addition of a breastfeeding counsellor to their freecall advisory service. "Blackmores supports breastfeeding as optimal nutrition for babies, though it's also important to have a high quality offering for when breastfeeding is not possible," said Ms Holgate.

The partnership between Blackmores and Bega will be an important additional source of supply for the Australian infant nutrition market.

"We are conscious of the supply challenges in this category and the Blackmores and Tatura teams will work together to help ensure the continued supply of this range," said Ms Holgate.

The products will not only supply the local market but also the considerable export opportunity in Asia, including China.

Federal Minister for Trade and Investment, The Hon, Andrew Robb AO MP attended the official launch at the Blackmores Campus today: "Asia's growing middle class is becoming increasingly health-conscious; when you combine this with their preference for our clean, green, quality products, the collaboration between these two iconic Australian brands certainly creates enormous opportunity well into the future."

He noted the high demand for Australian health products in Asia was a burgeoning export opportunity for Australia. "This is further enhanced by the competitive advantage our Free Trade Agreements with Asia are providing for Australian businesses; the tariff on infant formula for example has been cut twice since the FTA with China came into force in December last year, and eventually will be eliminated altogether," Mr Robb said.

"There's no doubt the growing demand across Asia for Australia's world class goods and services will lead to job creation and economic growth well into the future."

Blackmores Infant Nutrition range is available from blackmores.com.au and selected pharmacies nationwide.

Sally Townsend 
M: 0419 225 781 

Nina Crawford
M: 0401 601 242

iProperty Group Ltd (ASX:IPP) Delivers a Record 50% Growth in Annual Cash Collections

0
0
iProperty Group Ltd (ASX:IPP), the owner of Asia's No. 1 network of property portal sites and related real estate services, today released its last 4C for 2015.

iProperty Group reported record cash collections of A$32.3m, representing an increase of A$10.7m or 50% over 2014. This was achieved despite a worsening of the Malaysian Ringgit versus the Australian Dollar with Malaysian operations contributing more than 50% of the annual revenues and collections.

The Group also managed to achieve a positive net operating cash flow in it's fourth consecutive operating cash flow positive period. This result is particularly good as iProperty incurred prepayments for the 2016 property expos, a weakening property market, unfavourable FX movements and expenditures relating to the IPP-REA merger (scheme) during the quarter.

Georg Chmiel, iProperty Group Managing Director and CEO said "Yet again, this result is a reflection of the significant growth our businesses have been experiencing over the last several quarters. We are looking forward to continuing the growth as part of the REA Group from February 2016 as soon as the scheme is approved."

To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-IPP-902113.pdf

iProperty Group Limited
Georg Chmiel
Managing Director and CEO
Mobile: +60 12 423 3959
Email: ceo@iproperty.com

iProperty Group Limited
Nick Geddes
Company Secretary
Tel: +61 2 9239 0277
Email: ngeddes@austcosec.com.au

Liquefied Natural Gas Ltd (ASX:LNG) Investor Presentation

0
0
Liquefied Natural Gas Ltd (ASX:LNG) (OTCMKTS:LNGLY) provide the companies latest Investor Presentation "Clarksons Platou". The company has identified a new opportunity funnel in the "mid scale market" with a "North American focus".

Strategy

- Achieve mid-scale LNG sector market leadership

- Satisfy customers' needs competitively, reliably, and with integrity

- Contribute to growth and economic development in the communities in which we operate

- Emphasize creating safe working conditions and minimize environmental impacts where we do business

Execution

- Identify and secure strategically located sites to build, own, and operate LNG export facilities

- Use the OSMR® LNG process to deliver liquefied natural gas efficiently and cost effectively

- Commercial solutions for LNG buyers and natural gas producers that enhance their business outcomes

- Target geographically diverse portfolio of operated LNG export facilities

OSMR(R) technology platform

- Innovative, low cost, highly efficient, environmentally friendly, robust, and low risk technology

- Combines several well-proven, existing industrial technologies into one integrated system

- Integrated system delivers a market-leading LNG export capital cost

- Design arrangement is highly efficient, generating lower emissions and improved economics

To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-LNG-749269.pdf

Mr Maurice Brand 
Managing Director/ CEO
T: +61 8 9366 3700 

Mr David Gardner 
Joint Company Secretary
T: +61 8 9366 3700 

Mr Michael Mott
Chief Financial Officer
T: +1 713 815 6909

Syrah Resources Ltd (ASX:SYR) Signs Statement of Sales Intent with Hiller Carbon

0
0
Syrah Resources (ASX:SYR) is pleased to announce that it has signed a Statement of Sales Intent (SSI) with Hiller Carbon LLC (Hiller Carbon - www.hillercarbon.com), a leading supplier of raw materials to North American electric arc furnace (EAF) steel producers and other customers in the paper, foundry, lime, industrial, polymer and chemical sectors. Their areas of expertise include:

- carbon products

- operation of carbon processing and milling operations

- supply chain management, including transportation logistics; and

- product quality management.

Syrah Managing Director, Mr. Tolga Kumova commented: "We are very excited to be working with Hiller Carbon to market Balama recarburiser in North America. This agreement supports our belief that Balama natural graphite is an ideal product for the EAF steel industry, which requires a high quality carbon additive with low impurities. In addition, this agreement is also highly synergistic with our Proposed Spherical Graphite Facility in the United States, which will produce recarburiser manufactured specifically to exacting standards of EAF steel customers. The ability to access the North American recarburiser market will create another revenue stream for the Proposed Spherical Graphite Facility."

Key terms

The SSI will be valid for a 5-year period with prices negotiated between Syrah and Hiller Carbon on an annual basis for the upcoming year. Hiller Carbon intends to purchase between 25,000 tonnes and up to 35,000 tonnes of Balama natural graphite recarburiser (Balama recarburiser) per annum for resale. Both parties expect that these volumes will continue to grow over time. Hiller Carbon will be granted exclusive rights to sell Balama recarburiser in the United States, Canada and Mexico (Territory). The parties will work towards a binding agreement as development of the Balama Project advances.

Syrah and Hiller Carbon will also investigate the potential to market Balama natural graphite in other (non-battery) value add markets in the Territory.

Hiller Carbon Chief Executive Officer, Mr. Martin Hiller commented: "We are very pleased to be granted the exclusive recarburiser marketing opportunity in North America. Existing and new Hiller Carbon customers will benefit greatly from a powerful combination of quality, supply reliability and transportation logistics. A proposed Syrah Resources processing facility represents a strong commitment to the steel industry in North America."

EAF steel industry

The Steel Industry has transitioned much of its production from iron-ore based Blast Furnace/Basic Oxygen Furnace (BOF) to majority EAF melting. The EAF's melt 80-100% scrap plus an iron component. They feature highly competitive, modern low cost facilities and flexible production capabilities. Through technology, EAF steel quality now matches the engineered quality grades previously produced only in the BOF. These grades continue to develop rapidly.

High quality recarburiser is therefore becoming an increasingly important additive during the downstream Ladle Refining Furnace (LRF) process, common to all steelmaking. The engineered steel grades specify carbon solutions with ultralow impurity levels. Balama recarburiser meets the new LRF stringent carbon addition requirements with its high purity, fast and reliable solution rate and consistent sizing. Domestic recarburiser production provides a solid, secure logistics chain. These key attributes will differentiate Balama recarburiser as key ingredient for production of the highest quality engineered steel grades.

Balama recarburiser has recently been successfully qualified through commercial scale test work by a major global steel producer. Syrah will seek to finalise an agreement with this major global steel producer to provide Balama recarburiser for its facilities around the world as development of the Balama Project advances.

To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SYR-437081.pdf

Tolga Kumova
Managing Director
Syrah Resources Limited
Office contact - +61 3 9670 7264
Mobile contact - +61 421 707 155
Email - t.kumova@syrahresources.com.au

ABM Resources NL (ASX:ABU) Old Pirate Gold Mine December Production Update

0
0
ABM Resources NL (ASX:ABU) is pleased to provide an update on operations at the Old Pirate Gold Mine during December 2015.

Highlights

- Record tonnage of ore mined

- Record tonnage of ore processed

- Record ounces of gold recovered and poured

- Continuous processing introduced from mid-January

Production during December exceeded the level forecast in the revised mine plan for the operation (ASX release of 24 December 2015). The tonnage of ore mined and processed and the ounces of gold recovered to circuit and poured were all higher than any preceding month, as shown in the graph in link below.

Operations remain on track to achieve the targets set in the revised mine plan. Additional processing plant operators and maintenance staff have been engaged to enable processing to be carried out on a continuous basis, in place of the previous roster of two weeks on / one week off, from now until mining ceases in April 2016.

Production details for December and the project to date are presented in the link below.

http://media.abnnewswire.net/media/en/docs/ASX-ABU-749290.pdf

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

Raya Group Ltd (ASX:RYG) North American Advisors Appointed

0
0
Raya Group Limited (ASX:RYG) (the "Company"), is pleased to announce the appointment of EAS Advisors, LLC ("EAS") as North American corporate advisors to the Company.

EAS is a New York based investment advisory firm founded in 2008, with a strong and successful track record in exposing ASX listed companies to US investors and industry partners.

Commenting on their appointment, EAS founder and principal Edward Sugar said: "With the upcoming proposed reverse takeover of Xped Corporation Pty Ltd ("XPED"), EAS is engaging with Raya at an exciting time. XPED is well positioned in the Internet of Things market to benefit from a combination of their existing developed technologies, IP protection and the ability to grow the business from the funds that the upcoming reverse takeover will bring. We look forward to assisting the Company with their growth in the months and years to come."

Raya Group's Executive Chairman Athan Lekkas commented:

"We have partnered with EAS to assist Raya in the facilitation of further investment as well as via the exposure to key industry partners to accelerate future growth opportunities within the US. EAS has a strong track record in assisting companies attract capital and with the development of expansion strategies in both Australia and US."

About EAS

EAS Advisors, LLC is a private, New York-based boutique investment advisory firm providing a unique service to small and mid-cap companies operating in selected industry sectors. The foundation of EAS's business is built on industry knowledge, capital markets insights and access to a deep pool of traditional and alternative sources of capital. In addition to exposure to US investors, EAS provides public and private companies with access to local industry contacts to enhance their growth and expansion. All securities in the United States are offered by EAS through Merriman Capital Inc., a member of FINRA/SIPC.

Company Secretary
T 03 9642 0655
E info@rayagroup.com.au

Raya Group Ltd (ASX:RYG) Prospectus Capital Raising

0
0
Raya Group Ltd (ASX:RYG) announces a general public offer for applicants to apply for one new fully paid ordinary share (New Shares) at an issue price of $0.025 per New Share to raise up to $8 million before costs (Offer).

The Prospectus also contains separate offers for a total of 640,000,000 ordinary shares to the Xped Shareholders in connection with the acquisition of Xped Holdings Limited KTM Capital has been appointed as Lead Manager for the prospectus.

EAS Advisors has also been strategically appointed as corporate advisor North America, effective immediately.

Xped is to invest a considerable amount of the proceeds for its customer engagement, and product development processes. The company intends to expand employees across its Sales, Customer Service, Product and Engineering teams during 2016 and to build revenue generating capabilities and facilitate enhanced leverage of its unique patented technology. The proceeds from the Prospectus will also be used to fund working capital requirements over the next 12 months.

About EAS

EAS Advisors, LLC is a private, New York-based boutique investment advisory firm providing a unique service to small and mid-cap companies operating in selected industry sectors. The foundation of EAS's business is built on industry knowledge, capital markets insights and access to a deep pool of traditional and alternative sources of capital. In addition to exposure to US investors, EAS provides public and private companies with access to local industry contacts to enhance their growth and expansion. All securities in the United States are offered by EAS through Merriman Capital Inc., a member of FINRA/SIPC.

To view the full terms and timetable, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RYG-902154.pdf

To view the prospectus, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RYG-902160.pdf

Company Secretary
T: 03 9642 0655
E: info@rayagroup.com.au

KBL Mining Ltd (ASX:KBL) Pours First Gold at Mineral Hill

0
0
KBL Mining Limited (ASX:KBL) ("the Company") is proud to announce that it has produced, smelted and sold the first 497 ounces of gold dore from its Mineral Hill mine in NSW.

The gold pour marks a significant mile stone as over the last eight months the Company has moved from being an underground operation to a 100% surface gold and silver producer. During this time the existing flotation plant capacity was doubled and commenced production of a gold concentrate and a new CIL circuit installed. The process plant now has the flexibility to float gold concentrates, leach gold ores, float copper, lead and zinc concentrates, all through separate circuits providing the ability to treat ores separately from the polymetallic gold, silver, copper, lead and zinc lodes contained within the 10 year resource base. Significant underground development has recently been completed to access future underground lodes within the Southern Ore Zone.

While the gold pour was a milestone, the Company sees that there is a significant opportunity for improved results as the quantity of pour was less than anticipated. As a result, it is thoroughly reviewing its ongoing practices.

The current focus is the high grade (6.5 g/t Au) Pearse open cut operation with the movement of over 800,000 BCM of over burden (waste) exposing the full strike of the Pearse lode. With the majority of waste removed KBL can reduce the equipment size to excavate and transport ore to the process plant some 850 metres from the pit. This has placed KBL in a unique position for the first time with stock piled oxide and sulphide ore ahead of the process plant.

Some 86,586 tonnes of ore has been extracted from the Pearse deposit and processed through the Mineral Hill process plant at a rate of 400,000 tonnes per annum compared to the long term average throughput rate of 300,000 tonnes per annum. The initial three months of mining was prior to the CIL plant operating and required the oxide ore to be stockpiled and the free milling component of the tails stored for processing when the CIL was commissioned. Sulphide ore was processed through the two mills to produce a gold concentrate for export to China. KBL has to date produced and exported some 3,617 tonnes of concentrate, containing approximately two ounces gold and ten ounces silver per tonne.

Moving forward the geological team are continuing to evaluate several other targets on the Mineral Hill property, located near to the floatation and CIL processing facilities, which have the potential to add further resources. Mineral Hill is highly underexplored in terms of modern exploration, as evidenced by recent discoveries of Red Terror, Pearse and Pearse North.

to view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-KBL-749314.pdf

Brian Wesson
Managing Director
KBL Mining Limited
Ph: +61 2 9927 2000

Beston Global Food Company Ltd (ASX:BFC) Establishes Joint Venture Company with Hong Kong Based Sunwah Group

0
0
Beston Global Food Company Ltd (ASX:BFC) announces that it has entered into a Joint Venture with the Sunwah Group ("Sunwah") in Hong Kong for the marketing and distribution of BFC food and beverage products in Hong Kong, Macau and certain parts of Southern China.

In announcing the Joint Venture, the Chairman of BFC, Dr Roger Sexton said that the arrangements which have been put in place, "filled a gap" in the company's Asian distribution platform.

"We are strong in China and the ASEAN region with our own on-the-ground marketing and distribution teams but we lacked a direct presence in Hong Kong and Macau," Dr Sexton said.

Sunwah is one of the largest importers and distributors of food stuffs in Hong Kong, and Macau and has a long standing specialisation in seafood products, in the region. The company was founded in 1957 and now operates one of the most comprehensive logistics and door-to-door delivery services in Hong Kong with services to major hotels, supermarkets, air-catering companies, theme parks, fast food chains and restaurants.

Sunwah also owns and operates restaurants in Hong Kong and the People's Republic of China including the Nishimura Japanese Restaurant chain.

Dr Sexton said that through its long established network of contacts in Hong Kong, BFC had identified and considered a number of different potential joint venture partners in Hong Kong but after an extensive evaluation process had decided to enter into a Joint Venture with Sunwah. This was not only because of the substantial capabilities and highly regarded track record of Sunwah but also because of its focus on business culture, strong ethical practices and community engagement, all of which aligns with the focus and objectives of BFC.

The Chairman of the Sunwah Group, Dr Jonathan Choi, said that Sunwah was very pleased to have formed a formal association with the Beston Global Food Company as the joint venture recognised, and capitalised on, the relative strengths of the two companies.

"Beston has a wide variety of premium quality food and beverage products which are in high demand in Asia. Sunwah has a strong distribution business in Hong Kong and Macau, which has earned a reputation over a period of more than 50 years for the provenance of its products and the quality of service provided to its customers. We share a lot in common. It is a perfect marriage" Dr Choi said.

"Sunwah is very active in both the business and the broader communities in which it operates as I am a firm believer in companies contributing to the societies where they have enjoyed success. I am pleased that the principals of BFC share the same values".

The joint venture will operate as a special purpose company in Hong Kong with 51% of the shares held by Sunwah and 49% by BFC. Sunwah is responsible, under the terms of the joint venture, for utilising its existing distribution channels to market and sell BFC sourced food and beverage products in Hong Kong, Macau, Guangdong and Jiangsu provinces of the PRC. BFC is responsible for providing products from its food and beverage portfolio to the joint venture, along with any supporting product information or technical expertise as may be required from time to time.

Dr Sexton said that the Joint Venture Company will work closely with the BFC China team based in Dalian to maximise the outcomes from their respective efforts to grow the market for BFC products in Hong Kong/Macau and Greater China.

Beston Global Food Company Ltd
E: bgfcipo@bestonpacific.com.au
WWW: www.bestonglobalfoods.com.au

ShareRoot Ltd (ASX:SRO) Signs Multiple ConAgra Foods (NYSE:CAG) Brands to Source User Generated Content

0
0
User-generated content (UGC) marketing platform company ShareRoot Ltd (ASX:SRO)("ShareRoot") is pleased to announce it has signed its largest packaged goods client, ConAgra Foods (NYSE:CAG), encompassing brands Reddi-Wip and Manwich.

ConAgra Foods brands Reddi-Wip and Manwich, will use ShareRoot's software as a service (SaaS) platform to easily find and source UGC associated with their products.

ShareRoot's proprietary, legally secure process will allow Reddi-Wip and Manwich to obtain the legal rights to images associated with their products and utilize these images in their content marketing plans.

ConAgra Foods is one of the United States' largest suppliers of packaged goods with a balanced portfolio that includes brands such as Reddi-Wip, Manwich, and many others that are found in 99% of United States households. ConAgra Foods had net sales of over US$17 billion in 2014.

Reddi-wip is a whipped cream topping that comes in a variety of flavours and are immensely popular in the US.

Manwich is the brand name of a canned sloppy joe sauce, introduced in 1969. The can contains seasoned tomato sauce that is added to cooked ground beef. Featuring in US popular culture, Manwich is marketed as a quick and easy one-pan meal for the whole family. Manwich's slogan is, "A sandwich is a sandwich, but a Manwich is a meal."

Signing brands such as Reddi-Wip and Manwich provides ShareRoot with another large industry opportunity for which UGC is a perfect fit. These brands within the packaged food vertical benefit from ShareRoot's platform due to consumers posting an immense volume of social media content that features these iconic food brands.

Commenting on the significance of signing ConAgra Foods, ShareRoot CEO Noah Abelson said: "We are extremely pleased to be helping ConAgra Foods brands Reddi-Wip and Manwich source and manage user generated content."

"Everyday images are posted on social media displaying food that users have cooked and want to show off and these images contain ingredients such as Reddi-Wip and Manwich. We look efforts." "We believe that these two brands will lead the way in showing that the packaged goods industry can thrive and boost not only their marketing efforts with user generated content but also build deeper relationships with their loyal customers and importantly new consumers."

Noah Abelson
Co-Founder and CEO
noah@shareroot.co

Simon Hinsley
Investor & Media Relations
simon@nwrcommunications.com.au

KBL Mining Ltd (ASX:KBL) New Managing Director

0
0
KBL Mining Limited (ASX:KBL) announces that following the first gold production from the Company's new CIL plant, Brian Wesson has resigned as Managing Director.

During Mr Wesson's tenure he oversaw the defence of a hostile attempt for control of the Company, repayment of a major loan facility and the arrangement of a financing facility, transforming the Company from an underground operation to a 100% surface gold and silver producer. Further, during his time, the existing flotation plant capacity was doubled, gold concentrate production commenced and a new CIL circuit installed.

The Board would like to thank Mr Wesson for the valuable contribution he has made to the growth of the Company.

Following the resignation of Mr Wesson, the Board is pleased to announce the appointment of Mr Greg Starr as Managing Director.

Mr Starr, a Certified Practicing Accountant, has been a non-executive Director of the Company for the past two years. Mr Starr is an experienced resources industry executive having international experience as Managing Director of listed mining and exploration companies on the TSX and ASX over the past 20 years. Along with extensive operational management expertise, Mr Starr has been extensively involved in equity, convertible equity and debt fundraisings. He also has significant expertise in mergers and acquisitions.

Mr Starr's previous resources industry role was Managing Director of Crater Gold Mining Company Limited, where he successfully managed the transition of the Company from an explorer to a producer. Prior to that role, Mr Starr managed and merged China based gold producer Michelago Limited with Golden China Resources, and then Golden China's eventual sale to Sino Gold Limited.

Mr Starr also organised the first debt financing to expand the 70 year old, 100,000 oz per annum underground Vatukoula Gold Mine in Fiji owned by Emperor Mines Limited. He managed the eventual change in control of the Company to DRD Gold. Details of Mr Starr's remuneration will be in a following announcement.

The Company is also pleased to announce the appointment of experienced Mining Engineer, Mr Pat Scott B.Sc. (Hons) as Lead Technical Advisor. Mr Scott has been a director or senior executive of several ASX listed companies, including Mungana Goldmines Ltd, Otter Gold Mines Ltd, Allstate Exploration NL and Aztec Mining Company. He was also previously a director of TSX-listed Ivernia Inc. Mr Scott has over 30 years of operational and managerial experience in the metals and mining industry, both underground and open pit and with a particularly strong background in the gold sector. For example, he has been instrumental in the establishment and commissioning of four Australian gold mines. Prior to coming to Australia, Mr Scott was underground manager at the Ashanti Mine in West Africa. He holds Mine Managers qualifications for both Western Australia and the Northern Territory.

A summary of Mr Starr and Mr Scott's experience is set out below.

To further strengthen the technical focus of the Board, the Directors have established a Technical Subcommittee to be headed by the recent Quintana appointed non-executive director Charles Brown (see KBL January 15, 2016 press release for his full biography). Mr Brown is a mining professional with over 40 years of international operational and executive experience. The role of the subcommittee will be to oversee the operational performance of the Mineral Hill project given its recent conversion from polymetallic underground mining to wholly opencut gold mining together with the doubling of flotation capacity and introduction of a CIL plant.

The Mineral Hill project has a number of significant growth opportunities beyond the Pearse deposit which will benefit from the installation of the new CIL plant. While the focus is on ongoing improvement of current operations, the Board and its major financing partner, Quintana Minerals Corporation, look forward to developing the Mineral Hill deposit further as well as progressing new growth opportunities.

Summary of Experience

Mr Greg Starr, Bachelor of Business (UTS), CPA, AICD
Crater Gold Mining Company Ltd, Managing Director 2008-2015
Kenai Resources Limited, President 2007-2013
Michelago Ltd, Managing Director 2005-2007
Emperor Mines Limited, Finance Director and Managing Director 1997-2004
Mr Patrick Scott B.Sc. (Hons), ARSM Mining Engineering The Royal School of Mines, FICD, FAIMM, Chartered Engineer
PS Associates Pty Ltd, Principal, April 2005 - present
Mungana Goldmines Ltd, Managing Director, 2010 - 2013
Ivernia Inc, Director and COO, 2006 - 2009
Foxleigh Mining Pty Ltd. CEO 2001 - 2005
Otter Gold Mines General Manager Operations - Managing Director 1994 - 2001
Allstate Exploration NL - Managing Director 1995-2001

Jim Wall
Chairman
KBL Mining Limited
Ph: +61 2 9927 2000

Novatti Group Ltd (ASX:NOV) Notification of Substantial Shareholding

0
0
Novatti Group Limited (ASX:NOV) gives notice that Mr. Kenneth Lai has become a substantial shareholder in Novatti via subscribing in the Novatti IPO. Mr. Lai's interests total 10,335,000 ordinary shares, representing 11.76% of the voting power in Novatti.

Mr. Lai is the managing director and wholly owner of Prestige Team Limited, an investment company which, together with its subsidiaries, holds an investment portfolio in Hong Kong and Southeast Asia. Prestige Team Limited has interests in real estate, payment processing, digital marketing and information technology support services. Mr. Lai has funded and invested in various Silicon Valley technology funds focusing on business opportunities within Asia. He also co-founded Legend World Development Technology Limited, a limited liability company incorporated in Hong Kong, which provides information technology solutions and integrated marketing solutions to business setups, and in which he is a shareholder and advisor.

Mr. Lai obtained a Bachelor of Science (BSc) degree majoring in Computer Science from the University of Auckland, New Zealand.

Mr. Lai gained diversified investment experience and business acumen through his business pursuits. In conjunction with an experienced team in the Asian region, Mr. Lai plans to assist the Novatti business expansion within this region through his experience and business network.

Peter Cook
CEO
+61 411 111 153
www.novatti.com

Rum Jungle Resources Ltd (ASX:RUM) Karinga Lakes Deep Drilling Program Jan 2016

0
0
Rum Jungle Resources Ltd (RUM.AX) announce that the Karinga Lakes deep RC drilling demonstrates the presence of deeper sulphate of potash brines.

HIGHLIGHTS

- 11 deeper RC holes were drilled on the edges of selected salt lakes in the Karinga SOP project area. Previous drilling had targeted only the top 12-30 metres

- 5 of the deeper holes successfully flowed brines from depths greater than 30 metres with 4 of the 5 holes flowing brines with potassium levels typical of the existing SOP resource

- A number of SOP grades exceeded 12,000 mg per litre of brine (equates to more than 12 kg/m3 SOP)

- It is anticipated that this recent drilling data will enable a modest increase in the potash brine resource

- The results of this limited program provide additional information to support the preliminary feasibility study for a small scale start up. The preliminary feasibility study (PFS) was commenced in late 2015

Rum Jungle Resources Managing Director Chris Tziolis stated that "the results of this limited deep drilling evaluation program were encouraging as they indicated the presence of deeper SOP quality brines on the edges of a number of the lakes. The leading hypothesis is that the presence of deeper brines will be, at the very least, replicated toward the centre of the lakes and indeed could be potentially more significant than at the lake edges. This recent evaluation drilling will inform the PFS currently underway and facilitate a modest increase in the resource. Whilst the existing Karinga Lakes resource is sufficient to support the proposed small scale start up operation, these results add confidence to the notion that the operating footprint can be further minimised thus reducing the capital required for a 40,000 tonne per annum operation.

An operation of this scale developed over the next 18 months to two years will be positioned to capture a portion of the southern and northern Australian horticultural markets and markets in SE Asia, particularly noting these markets are relatively small but importantly can be accessed via existing transport infrastructure (Lassiter Highway, Central Australian Railway and Port of Darwin). This will again limit the capital required in developing the project."

EVALUATION SUMMARY

In mid November 2015, a deep RC drilling program was undertaken at Karinga Lakes to test for deeper brine around the edges of selected salt lakes. Eleven RC holes for 1,574 m were drilled adjacent to lakes at an average depth of 143 m and a maximum depth of 200 m. Previous drilling had generally targeted the top 15 to 30 m from surface, therefore in this program the top 12-30 m was cased off with PVC and cement grout to ensure only deeper brine was sampled and flow tested. Five holes successfully flowed brine below the collar, four of which had potassium levels significantly above the 3,000 mg/L K cut-off used for the existing Karinga Lakes SOP brine resource. Three other holes produced brine which was sampled but only within the top 30 m. Potassium values shown in Table 2 are typical of Karinga Lakes potassium values based on previous drilling.

Flow rates were generally low below 30 m with the exception of hole KLRC009, which flowed around 10 l/s at 48 m depth.

The Karinga Lakes brine is hosted in shallow lake sediment generally less than 3 m in thickness and in underlying weathered and fractured siltstone of the Devonian aged Horseshoe Bend Shale below the lake sediment which is believed to be the source of much of the SOP. It is understood from historical petroleum data that the Horseshoe Bend Shale can extend for up to several hundred metres below the salt lakes.

The Horseshoe Bend Shale is uniformly a brown biotitic siltstone which grades downward into a dolomitic siltstone. Assays from 38 sediment samples taken between 40 m and 200 m depth show potassium (K2O) content of 3.93% and a magnesium (MgO) content of 4.95% which are slightly higher values than in the top 30 m. The sulfate (SO4) value below 40 m is 1.72%, down from 3.69% in the top 30 m which is due to more gypsum being present in the upper section. It is expected that as ground and rain water enter the system, some of these potassium salts may be dissolved thus recharging the SOP brine system.

The existing JORC 2012 resource is 8.4 Mt K2SO4 at 4,760 mg/l K using a 3,000 mg/L K cut-off. This was reported to the ASX on 20 February 2014 and has not changed since.

It is anticipated that this recent drilling data will enable a modest increase in the SOP brine resource. More importantly, it provides extra information and additional focus for the pre-feasibility study currently being conducted GHD and Norwest Corporation.

To view tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RUM-437152.pdf

Rum Jungle Resources Ltd
T: +61 8 8942 0385
E: info@rumjungleresources.com.au
WWW: www.rumjungleresources.com.au

Pacifico Minerals Ltd (ASX:PMY) Quarterly Activities and Cashflow Reports

0
0
Pacifico Minerals Limited (ASX:PMY) ("Pacifico" or "Company") is pleased to provide its activities report for the December 2015 quarter.

Highlights

COLOMBIA

Berrio Project - Gold

- Underground channel sampling sampling identifies further high-grade gold mineralization close to the faulted contact, returning multiple ounce gold and silver assays including:

o 0.35 m @ 182.79 g/t Au and 579 g/t Ag (Sample MO6256)

o 0.10 m @ 70.86 g.t Au and 360 g/t Ag (Sample 43876)

o 1.30 m @ 16.54 g/t Au and 1296 g/t Ag (Sample 43861)

o 1.70 m @ 4.28 g/t Au and 21.58 g/t Ag (Composite) (Samples 43876,43877 and 43878)

- Selective grab sampling returns further high-grade

o 20.99 g/t Au and 203 g/t Ag (Sample 43868)

o 10.99 g/t Au and 15.6 g/t Ag (Sample 43866)

o 15.73 g/t Au and 8.5 g/t Ag (Sample 43867)

- Soil survey completed with the conclusion of the East Grid confirms the faulted contact as the area of highest exploration priority

AUSTRALIA

Borroloola West Project, NT - Copper/Zinc/Lead/Silver/Manganese

- Diamond drilling to test an apparent AEM conductivity bullseye completed (CCD04 to 464m).

- DHEM survey conducted on CCD04 confirms validity of geological interpretation, but apparent bullseye caused by near surface effects.

- field geological mapping and reconnaissance sampling defined an outstanding zinc-lead prospect at Four Mile with potential for relatively shallow McArthur River style mineralisation.

CORPORATE & FUNDING

- $500,000 raised through a placement to institutional and sophisticated investors.

- Consolidated cash balance at 31 December 2015 was approximately $2.2 million. The Company has no debt.

To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-PMY-749515.pdf

Pacifico Minerals Ltd
T: +61 8 6266 8642
E: info@pacificominerals.com.au
WWW: www.pacificominerals.com.au

Orocobre Limited (ASX:ORE) (TSE:ORL) Trading Halt

0
0
In accordance with Listing Rule 17.1 Orocobre Limited (ASX:ORE) (TSE:ORL) requests a trading halt be applied to all of its quoted securities.

The Company advises the following:

1. Reason for the Trading Halt

Pending release of an announcement in relation to a proposed capital raising via placement of ordinary shares to institutional and sophisticated investors.

2. Length of trading halt.

Until the opening of trade on Friday 22 January 2015 or until the announcement is made.

3. The event that the Company expects to happen that will end the trading halt.

A relevant announcement by the Company.

The Company is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

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

Sayona Mining Ltd (ASX:SYA) Investor Presentation January 2016

0
0
Sayona Mining Ltd (ASX:SYA) provide the latest Investor Presentation January 2016.

The presentation is titled "Entering the Resources Definition Phase".

To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SYA-902545.pdf

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

Argent Minerals Limited (ASX:ARD) December 2015 Quarter Activities and Cashflow Report

0
0
Argent Minerals Limited (ASX:ARD) (Argent, or the Company) is pleased to report on its performance for the quarter ended 31 December 2015.

Excellent preliminary results have been achieved early in the planned 7 hole 3,200 metre Kempfield diamond drilling program that commenced on 21 October 2015.

On 22 December 2015 Argent announced significant intersections for holes AKDD181 and AKDD180.

Hole AKDD181 intersected very high grade gold, including 1 m @ 1,065 g/t Au from 97 metres, and both holes intersected copper values, including 1.8 m @ 1.21 % Cu from 136 metres by hole AKDD181.

Potentially significant implications for the Kempfield project

The implications of these preliminary results are potentially very significant for the Kempfield project in terms of the extent of the mineralisation (or the 'size of the prize'), mineral composition and grade potential.

The Company is continuing to analyse the intersected geochemistry in order to evaluate the potential impact of these results on the scope of the Kempfield project, the potential positions of additional new mineralisation lenses, and to optimise the remainder of the planned 3,200 metre drilling.

Drilling is anticipated to recommence during the first half of February 2016 following completion of this analysis and drill hole design.

To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ARD-749571.pdf

Argent Minerals Limited
David Busch, Managing Director
T: +61 2 9262 2211
E: admin@argentminerals.com.au
WWW: www.argentminerals.com.au
Viewing all 12623 articles
Browse latest View live




Latest Images