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Wonhe Multimedia Commerce Ltd (ASX:WMC) Agreement to Develop Wireless Network in Beijing

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Wonhe Multimedia Commerce Ltd (ASX:WMC) is pleased to announce that its group operating subsidiary Shenzhen Wonhe Technology Co., Ltd. ("Shenzhen Wonhe"), has entered into an agreement titled "Wireless Network Coverage Project in Beijing Area" with Guangdong Kesheng Enterprise Co., Ltd. ("Guangdong Kesheng"). The agreement contemplates that the two parties will work together to develop a wireless network in certain designated areas of Beijing. The commercial purpose of the network will be to serve as a vehicle for advertising and marketing, with the revenue to be shared between Shenzhen Wonhe and Guangdong Kesheng.

Shenzhen Wonhe has committed in the agreement to provide 382,990,000 RMB (USD $58.25 million) to the project, including 226,010,000 RMB (USD $34.37 million) in cash and 118,980,000 RMB (USD $18.09 million) in routers and other equipment. Shenzhen Wonhe will also contribute the network that it recently developed in the Tongzhou District of Beijing as a pilot project, at a cost of 38,000,000 RMB (USD $5.78 million). Shenzhen Wonhe's cash contribution will be paid over three years: 104,498,990 RMB in 2016, 84,636,558 RMB in 2017 and 36,871,412 RMB in 2018.

Shenzhen Wonhe has also committed to develop the data systems that will be used by the network.

Guangdong Kesheng has committed to supervise the engineering and construction, coordinate relationships with local government, and manage the network's operations.

Guangdong Kesheng has guaranteed a minimum of eight years of operations by the network.

Guangdong Kesheng has also guaranteed six years of fixed amount payments to Shenzhen Wonhe as follows:

         RMB           USD
2017  10,000,000  $ 1,520.843
2018  60,000,000  $ 9,125,058
2019 135,000,000 $ 20,531,383
2020 223,000,000 $ 33,914,802
2021 246,000,000 $ 37,412,742
2022 285,000,000 $ 43,344,030

During any subsequent years in which the network remains profitable, twenty percent of the profits will be paid to Shenzhen Wonhe.

Justyn Stedwell
Company Secretary
Wonhe Multimedia Commerce Limited

Venus Metals Corporation Limited (ASX:VMC) Extends Project Area in 'Lithium Hot Spot' - Extensive Pegmatite Swarms

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The Directors of Venus Metals Corporation Limited (ASX:VMC) ("Venus Metals") are pleased to announce that the Company has extended its tenement holdings in the Pilgangoora region, a recognised 'lithium hot spot', having made an additional exploration licence application (ELA 45/4684). The Pilgangoora Northeast Lithium-Tantalum project is located in the Pilbara region of Western Australia, along strike from and northeast of Pilbara Minerals Ltd's developing Pilgangoora Lithium-Tantalum project (Figures 1 and 2 in link below).

1. Introduction

Venus Metals Corporation Limited ('Venus Metals') has made an additional application for an exploration licence in the Pilgangoora region of Western Australia (Figure 2 in link below). The new exploration licence application covers an area of substantial pegmatite swarms2 (Figure 3 in link below), the host rock for lithium-tantalum mineralisation in the region, and expands Venus Metals holding in the region to over 350 km2. The region hosts the Pilbara Minerals (ASX:PLS) developing Pilgangoora Lithium-Tantalum project and was recently described as a 'lithium hotspot'1. Pilgangoora region has attracted a number of other ASX listed lithium explorers including Lithium Australia NL (LIT), Altura Mining Limited (AJM), Metalicity Limited (MCT) and Dakota Minerals Limited (DKO).

2. Pilgangoora Northeast Lithium-Tantalum Project, Pilbara Region, WA.

The Pilgangoora Northeast Project (ELA 45/4630 & 4684) now covers over 350 km2 and is located 72 km to the southeast of Port Headland in the Pilbara region of Western Australia.

The project is accessible via the Great Northern Highway then east along local formed roads and station tracks. The Pilgangoora Northeast Project lies to the northeast of Pilbara Minerals Pilgangoora project area which hosts a substantial lithium-tantalum resource.

Venus Metals applied for the initial exploration license ELA 45/4630 in late 2015. The Company recently recognised that an area further to the east had substantial pegmatitic* outcrop in the form of northeast striking swarms and dykes and lies adjacent to the initial ELA (Figure 3 in link below).

*Pegmatites are the host rock for lithium-tantalum mineralisation in the region.

The Company has now applied for a second application in the area (ELA 45/4684) covering a further 195 km2 (61 blocks) to capture this highly prospective terrane. Venus continues its review of historical data for the Pilgangoora region and plans field reconnaissance work as soon as practical.

3. The Lithium Market

The global lithium market is growing at a rapidly due to developments in the technology and energy sectors, especially in the use of lithium based batteries for automotive and domestic applications.

Presently the global lithium market consumes around 200,000 tonnes of lithium carbonate (or lithium carbonate equivalent, 'VCE') per annum. Two thirds of global consumption is utilised in ceramics, glass, polymers and alloys, however growth in the technology (smart phones and computers) and energy sectors (lithium batteries for automotive and home usage) may see consumption double to over 400,000 tonnes of LCE by 2025.

The short to medium term growth in the lithium market will be limited by supply constraints, with few new operations being commissioned and four producers controlling much of the market. In the last year alone the price of LCE has risen more than 20%, from less than US$4,900/tonne in September 2014, to over US$6,100/tonne today. Current price predictions indicate that LCE may rise to over US$7,000 in 2016.

4. Conclusion

The recent EL application (ELA45/4684) at Pilgangoora NE adds significantly to the Company's project area in the region and further complements Venus's Stannum Project (ELA45/4627 and PLA 45/3004) (located SW of Pilgangoora and abutting Metalicity Limited and Global Advanced Metals Wodgina Pty Limited tenements at Wodgina) (Figure 4 in link below).

To view all tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/82061-ASX-VMC-20160121.pdf

Matthew Hogan 
Managing Director
Ph: 08 9321 7541

Kumar Arunachalam
Executive Director
Ph: 08 9321 7541

Bauxite Resources Limited (ASX:BAU) Completion of Sale of Yankuang JV and buyback of shares

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Bauxite Resources Limited (ASX:BAU) advises that completion of the sale of BRL's interest in the Bauxite Alumina Joint Ventures ('BAJV'), and the Buy-back of all of Yankuang's shares in BRL, occurred this morning following BRL Shareholder approval of the transaction at the EGM held on 18th January 2016.

The key changes for BRL, as a consequence of this, are as follows:

o BRL's net cash funds have increased by $6m, being the difference between the sale price of $7.15M received for its interest in the BAJV and the buy-back sum of $1.15M paid by BRL for Yankuang's shares in BRL;

o BRL has a royalty right of 0.9% of the FOB price (presently estimated to be worth approx. 50 cents per tonne) from the sale of all bauxite mined from the Felicitas and Fortuna tenements. The royalty is payable on the first 100 million tonnes of bauxite mined but is subject to a reduction to 87 million tonnes if the Fortuna tenement holder does not agree to consent to the assignment of BRL's bauxite rights in the Fortuna tenements to Yankuang within 90 days of 21 January 2016;

o Following the cancellation of the 19,700,000 shares the subject of the buy-back, the total shares on issue will be reduced to 214,302,336 shares;

o Yankuang's representative Mr Cunliang Lai has resigned from the BRL Board; and

o BRL has no further obligations under the BAJV to continue to fund the joint ventures, which has substantially reduced BRL's ongoing costs of operation.

* The royalty is payable on 100m tonnes, subject to the successful assignment of the Fortuna bauxite rights to Yankuang within 3 months of completion. If this does not occur then Bauxite will retain the Fortuna deposit and the royalty will only be payable on the first 87m tonnes. The royalty is based on 0.9% of FOB price paid in respect of bauxite sales - this has been estimated at 50c/tonne based on current bauxite prices and A$/US$ rate.

Bauxite Resources Ltd
Sam Middlemas, CEO
Tel: (08) 9200 8200
Mb: 0419 936 040

MZI Resources Ltd (ASX:MZI) Keysbrook Product Sales Set to Increase Significantly

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MZI Resources Ltd (ASX:MZI) is pleased to provide the following update on shipments of mineral sands products from its flagship Keysbrook Mineral Sands Project, 70 km south of Perth in Western Australia.

- First leucoxene shipment confirmed for early March 2016

- Second shipment of Keysbrook zircon concentrate being transported for export

- Total product sales of up to 23,000 tonnes targeted in the March Quarter

Following the company's maiden zircon shipment in late December 2015, MZI confirms that a second shipment, totalling 1,000 tonnes of zircon concentrate, is currently being transported to port for export to Tricoastal/Wensheng, China's largest zircon processor. A further 4,500 tonnes of zircon concentrate is planned to be shipped in February.

In addition, the Company has confirmed its first two shipments of leucoxene product with major US customer Chemours.

Shipment of the maiden cargo of leucoxene, totalling approximately 6,500 tonnes of L70, is due in the first week of March 2016 with a second shipment, totalling approximately 9,000 tonnes of L88, scheduled for end March/early April. Final shipping dates are to be determined by Chemours, which is responsible for all shipping arrangements for leucoxene delivered into its offtake agreements with the Company.

The commencement of leucoxene shipments represents another important milestone for MZI and the Keysbrook Project.

MZI Managing Director Trevor Matthews said "It is hard to think of a better way for us to start 2016 than by commencing leucoxene sales from the Keysbrook Project. This important milestone formally establishes Keysbrook, and MZI, as the world's foremost primary producer of this high value product."

"We now look forward to the significant cashflow that we expect to be generated as sales from Keysbrook ramp up over the coming months."

In addition to the leucoxene product sales referred to above, MZI anticipates zircon shipments totalling 7,500 tonnes to be completed in the March quarter.

Subject to final shipping dates, the Company is targeting total product sales of up to 23,000 tonnes during the March quarter representing approximately 24% of the Company's average planned annual production of approximately 96,000 tonnes of zircon and leucoxene products1.

As indicated previously, processing of Keysbrook Heavy Mineral Concentrate at the Picton Mineral Separation Plant (MSP) occurs on a month-on, month-off arrangement under its tolling agreement with Picton owner Doral.

Consequently, product shipments are scheduled to reflect both the time required to build up sufficient inventory of final product stocks and customer delivery requirements which in turn means that shipment volumes and revenue will vary from quarter to quarter.

MZI is making arrangements for the previously announced trial shipment of L88 to major Chinese chloride pigment producer Jinzhou Titanium Industry Co Ltd2 as well as smaller samples of L88 to other prospective customers in the chloride pigment and welding rod markets.

Currently, over 85% of all planned annual production from Keysbrook is committed under offtake agreements with blue-chip international customers, with approximately 13,000t of L88 not yet committed but able to be sold under spot sale arrangements.

Trevor Matthews
Managing Director
+61 8 9328 9800

Cardinal Resources Ltd (ASX:CDV) 285m Mineralised Gold Zone Intersected from Surface

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Cardinal Resources Limited (ASX:CDV) announces the results of two deep diamond drill holes, NMRD443-746 and NMDD502-768 and 5 shallow precollar RC drill holes completed on the Namdini Project.

HIGHLIGHTS

285m mineralised gold zone intersected from surface includes:

o 7m @ 3.06 g/t from surface

o 18m @ 1.64 g/t from 19m vertical depth

o 10.7m @ 1.19 g/t from 66m vertical depth

o 58.33m @ 1.07 g/ from 90m vertical depth

o 30m @ 1.05 g/ from 140m vertical depth

o 17m @ 0.99 g/t from 168m vertical depth

Commenting on today's results, Managing Director Archie Koimtsidis said:

"Drill hole NMRD443-746 ("F" on Figure 2 in link below) intersected a 285m mineralised zone from surface confirming that wide gold mineralisation continues to be discovered at depth within the hydrothermally altered volcaniclastics and monzonite granitoids.

"These new results clearly demonstrate the significant depth potential of the wide gold mineralisation previously reported at the Namdini Project".

Cardinal expects the assay results from drill hole NMDD422-736 ("E" on Figure 2) to be reported within 2 weeks.

Diamond Drill Hole NMRD443-746 has altered volcaniclastics which are medium to fine grained with characteristic light to medium green colours. The monzonite granitoids are medium to coarse grained with very pale green colours and some pink to reddish zones. Both lithologies contain finely disseminated pyrite and arsenopyrite sulphides (Figure 4 in link below).

Diamond Drill Hole NMDD502-768 has altered volcaniclastics which are medium to fine grained with characteristic light to medium green colours. The monzonite granitoids are medium to coarse grained with very pale green colours and some pink to reddish zones. Both lithologies contain finely disseminated pyrite and arsenopyrite sulphides (Figure 6 in link below).

Diamond Drill Hole Data

Drill hole NMRD443-746 was drilled from surface to 82m by Reverse Circulation (RC) method, The drill rig was aligned at -60° dip drilling east and azimuth was set at 100° (normal to the strike of the formations). The RC portion was surveyed at the bottom of the drill hole (at 82m), with only the dip determined. The azimuth could not be measured due to the metal rods in the drill hole. The drill hole had shallowed to -55° at 82m depth.

HW steel casing was inserted to 82m for stability of the hole and HQ size core was then drilled to 344m. This drill hole was surveyed at a depth of 90m down hole, then every 30m down the remainder of the drill hole to determine the dip and azimuth of the drill hole with depth.

Drill hole NMDD502-768 was cored from surface. The soft near surface material was drilled with a Triple Tube core barrel to reduce core losses. Once harder rock was encountered, then HW steel casing was inserted for stability of the hole and HQ size core was then drilled to 339m.

The drill rig was aligned at -65deg dip drilling east which allows for the shallowing of the drill hole with depth. The azimuth was set at 095deg instead of 100deg (normal to the strike of the formations) as the borehole trace usually deflects to the right with depth due to the clockwise rotation of the drill rods.

This drill hole was surveyed near the top of the drill hole, then every 30m down the hole to determine the dip and azimuth of the drill hole with depth. The core of both diamond drill holes was orientated at each drill run using a digital instrument. The core was marked showing the base of the drill hole, then the core from each drill run was laid in a length of angle iron to fit the core together so that the orientation line could be drawn along the length of the core. Geotechnical parameters were measured using this orientation line as the datum line.

The core was photographed both wet and dry, then cut in half; one half was consistently sampled, with the remaining half stored in core trays and placed on racks under cover in Cardinal's secure core shed located at Bolgatanga, Ghana. The half core samples were sent to the SGS Laboratory in Burkina Faso for fire assay.

RC Drill Hole Data

Five RC drill holes were drilled approximately 150 to 250m north of diamond drill hole NMDD502-768 ("I" on Figure 2) as pre-collars for possible deeper diamond drilling. Lithologies intersected were metasediments and mafic diorites. Results can be seen in link below.

Planned Diamond Drilling Program

A further four diamond drill holes are planned marked A to D, with E currently being drilled (Figure 2), all located to the west of the NNE trending gold mineralised corridor. All of them are planned to drill across this mineralised corridor to confirm the continuation of gold mineralisation along strike and at deeper levels.

Namdini Geology

The Namdini Project is located within a Paleo-Proterozoic Greenstone Belt comprising Birimian metavolcanics, volcaniclastics and metasediments located in close proximity to a major 30 km ~N-S regional shear zone with splays (Figure 1). These rock units are intruded by felsic monzonite granitoids and quartz diorites.

The gold mineralisation is developed within foliated, sheared and hydrothermally altered volcaniclastic rocks containing disseminated pyrite and arsenopyrite sulphides. The lithologies dip approximately 60deg W and strike 010deg and are pale to medium green where altered. Hydrothermal alteration of the volcaniclastics is comprised of silica, iron carbonate (ankerite), sericite, epidote and chlorite.

The monzonite granitoids are medium to coarse grained with quartz vein stockworks and are usually altered to pale green epidote with patches of pink to reddish albite (alkali feldspar). Sulphides of pyrite and arsenopyrite are contained within these granitoids.

The monzonite granitoid intrusive is considered to have been the "heat engine" which remobilised gold bearing sulphide rich fluids which altered the host rocks and precipitated the gold mineralisation within them. The NNE-SSW trending corridor containing the gold mineralisation is bounded on both east and west sides by foliated metasediments of varying compositions, also dipping 60degW and striking 010deg.

The unaltered quartz diorites contain primary pyrite sulphides and are mostly unmineralised.

Monitoring Of Drilling Programs

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

Cardinal is the owner and operator of its own combination drill rig and has established an express assaying service with SGS Laboratory in Burkina Faso for drilling results. This enables the Company to continuously improve its drill plan strategy as new information becomes available.

To view all tables and figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CDV-749800.pdf

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

Orocobre Limited (ASX:ORE) Quarterly Activities and Cashflow Report - December 2015

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Orocobre Limited (ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF) Quarterly Report of Operations, Activities and Cashflow Report For The Period Ended 31 December 2015

Highlights

Olaroz Lithium Facility

- Production ramp up continues with production of 1,108 tonnes of lithium carbonate during the quarter. This is an increase of 616 tonnes over the previous quarter. All reported lithium carbonate tonnes produced are saleable tonnes.

- Production rate of 20 tonnes per day achieved towards the end of December.

- January production on track to meet forecast of 600-650 tonnes forecast for the month.

- All "de-bottlenecking" projects expected to be completed by the end of January 2016 permitting the plant to enter the final stage of ramp up.

- Lithium carbonate prices are now increasing to over US$6,000/tonne with further increases expected into CY2016 and beyond as lithium market conditions continue to tighten.

- First battery market customers to be supplied with commercial quantities in Q1 with deliveries scheduled to commence in February.

- MOU signed with Bateman Advanced Technologies (BAT) to evaluate the BAT LiSXTM process.

- Competitiveness improved by devaluation of the AR$ and removal of export duties on lithium carbonate.

Borax Argentina

- Sales volume in the quarter was 10,078 tonnes which is an increase of 1,954 tonnes on the previous quarter and an increase of 1,333 tonnes on the same quarter last year (8,745 tonnes) on a comparable basis excluding sales of low value tincal ore.

- Focus remains on the product and market diversification strategy and production optimisation projects.

- Competitiveness improved by devaluation of the AR$ and removal of export duties on refined borax products.

Corporate

- Argentine Government policy changes that directly benefit the Company include removal of the "dollar clamp", floating of the Argentine peso, elimination of export duties and removal of controls on importation of goods.

- The Annual General Meeting was held on 6 November with all resolutions passed.

To view the full quarterly, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ORE-902828.pdf

To view the Investor Update Presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ORE-902821.pdf

David Hall 
Business Development Manager 
Orocobre Limited
M: + 61 407 845 052 
E: dhall@orocobre.com

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

Orocobre Limited (ASX:ORE) $85 Million Capital Raising Completed

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Orocobre Limited (ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF) (Orocobre or the Company) is pleased to announce it has raised A$85,000,000 through a placement (the Placement) of 40,476,190 shares to domestic and international institutional and sophisticated investors at an issue price of $2.10 per share, representing a 10.7% discount to the 5 day VWAP of the Company's shares prior to the Company entering into a trading halt on 20 January 2016.

The Placement will significantly strengthen Orocobre's financial position and available cash balance.

The proceeds of the Placement will be used principally to service financing costs related to the Olaroz project, including principal and interest payments due in March and September 2016 and payments to the Debt Service Reserve Account. Other uses of funds are detailed in the Company's latest presentation, released to the market today.

Of the total Placement approximately 25,350,551 shares (representing $53,236,157 of the Placement) will be immediately issued pursuant to Orocobre's existing 15% capacity under ASX Listing Rule 7.1, with the balance of the shares (15,125,639) to be issued subject to and upon receipt of shareholders' approval, to be sought at a General Meeting to be held on or about 29 February 2016.

The Lead Manager and Bookrunner for the placement was Canaccord Genuity (Australia) Ltd.

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

James Calaway
Chairman
M: +1-713-818-1457
E: jcalaway@orocobre.com

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

FINANCE VIDEO: Blackmores Limited (ASX:BKL) CEO Christine Holgate is Interviewed by ABN Newswire

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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 now in Australia .

"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: "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.

To view the video interview, please visit:
http://www.abnnewswire.net/press/en/82075/Blackmores

Sally Townsend 
M: 0419 225 781 

Nina Crawford
M: 0401 601 242

Pacifico Minerals Ltd (ASX:PMY) Drilling to Commence at Berrio Gold Project, Colombia

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Pacifico Minerals Ltd (ASX:PMY) ("Pacifico" or the "Company") is pleased to announce that a diamond drilling program will shortly commence at the Berrio gold Project, Antioquia, lombia. A planned 15 hole program to be drilled from 10 platforms will target three zones of high-interest.

Recent exploration activities focused on defining mineralisaton at the faulted contact between the Berrio Sediments and Segovia Batholith. Pacifico has mapped the contact for 6 km within its tenements, the contact is projected to continue for a further 8 km within its tenement package.

Soil sampling identified several gold in soil anomalies coincident with the contact, one of which extended north-south along the contact for more than 1 km (see ASX announcement 25 June 2015). Subsequent underground channel sampling at the contact, facilitated by artisanal mines, confirmed gold mineralization, in-situ, at the contact extending to depth (see ASX announcement 18 November 2015).

Revision of IP work completed in 2014 (see ASX announcement 3 July 2014) lends further encouragement to the potential of the contact, several coincident chargeability highs and resistivity lows are recorded at the contact below gold in soil anomalies.

Drill Targeting

Pacifico are focusing on the contact as it is thought to be the major structure influencing mineralization in the El Vapor/Berrio area. A combination of exploration data, collected over the last two years, highlights three zones considered of highest interest, these three zones will be targeted in the up-coming drill program:

- Down dip and along strike extensions of HIGH-GRADE mineralization sampled in artisanal mines

- High-interest targets defined by a combination of; field mapping of the contact; gold in soil anomalies; and coincident IP chargeability highs and resistivity lows

- A flexure in the contact with a coincident gold in soil anomaly which is considered by Pacifico as a potential structural trap which might develop high grade

Pacifico Minerals Managing Director, Mr Simon Noon said, "based on previous exploration results achieved at Berrio, we are looking forward to further advancing this exciting gold project".

Drilling is expected to commence late January. Ground personnel have already inspected the drill sites and logistics management is well underway. Drillholes are planned between 80 and 170 m in length and will be completed in HQ. Samples will be routinely collected and submitted in batches, with duplicate, blank and CRM inserts, to a ISO certified laboratory for Fire Assay (gold) and multi-element ICP analysis.

To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-PMY-749958.pdf

Simon Noon (Managing Director)
Phone: +61 (0)8 6266 8642
Email: info@pacificominerals.com.au

99 Wuxian Ltd (ASX:NNW) CFO Transition

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99 Wuxian Limited (ASX:NNW) ("99 Wuxian" or "the Company") today announced a transition in the CFO role with the appointment of a new Chief Financial Officer (CFO) following the resignation of the incumbent.

Mr Henry Chen has been appointed CFO assuming his duties effective today. Following an effective handover, he will replace the CFO Mr Ayngaran Kailainathan who has tendered his resignation. The Board thanks Mr Kailainathan for his valued contribution to the Company.

The Company is delighted to welcome Mr Henry Chen and welcomes the depth of his financial expertise and contribution to all aspects of 99 Wuxian.

Mr Henry Chen holds a Master Degree of Commerce (Finance Major) from University of Sydney. Mr Chen is a CPA and a member of both CICPA (The Chinese Institute of Certified Public Accountants) and ACCA (The Association of Chartered Certified Accountants). Prior to joining 99 Wuxian, Mr Chen has significant experience in finance and accounting over 15 years across various companies, such as Vtion Wireless Technology AG, Vesta China and Arthur Andersen.

99 Wuxian Limited 
Mr Ross Benson
+61 418 254 548

Fowlstone Communications 
Mr Geoff Fowlstone 
+61 413 746 949

Cardinal Resources Ltd (ASX:CDV) European Roadshow Presentation

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Cardinal Resources Ltd (ASX:CDV) This European Roadshow Presentation contains information extracted from reports which are available for viewing on the Company's website www.cardinalresources.com.au

22 Jan 2016 285m Mineralised Gold Zone Intersected From Surface
12 Jan 2016 Latest Namdini Diamond Hole Confirms More Wide Gold Zones
3 Dec 2015 133m Mineralised Zone in Diamond Drill Hole at Namdini
26 Nov 2015 Very Wide Gold Intersections in RC Drill Holes at Namdini Project
23 Nov 2015 Maiden Drill Hole Completed at Namdini Project
6 Oct 2015 New Drilling Plan for Namdini Project
09 Sep 2015 Gold Mineralisation Exceeds 100m Widths at Namdini Project
18 Aug 2015 67m high Grade Gold Zone at Namdini Extension
29 Jul 201583m Mineralised Zone Further Along Strike at Namdini
07 Jul 2015Very Favourable Cyanide Leach Results from Namdini
02 Jul 2015 99m Gold Zone and Current Drill Hole are Similar

The Company confirmed it is not aware of any new information or data that materially affects the information included in the Presentation relating to exploration activities carried out at Bolgatanga, Namdini and Subranum and all material assumptions and technical parameters underpinning the exploration activities in those market announcements continue to apply and have not been changed.

The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.

To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-CDV-749983.pdf

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

NSW Department of Industry: Investor Opportunities in NSW, Australia.

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During 2016 the Division of Resources and Energy will be conducting a series of presentations featuring investment opportunities in the resources and energy sectors. The focus of these presentations will be projects in NSW. One such project is Revolution Metals, an historical gold bearing area in north east NSW, that has significant potential for extension of existing discoveries to a become one of NSW's leading gold projects.

Revolution Metals Limited was formed in December 2012 with a focus on developing high-value gold assets from discovery through to production, providing investors with rapid returns on investment.

Revolution Metals holds a two exploration licences (ELs) in New South Wales (NSW) covering 40 km2 of the historic Dalmorton Goldfield. The ELs contain numerous gold workings, many dating from nineteenth century artisanal mining when rich quartz reefs were mined to shallow depths.

EL8118 and EL8273 are located approximately 67 km west of Grafton NSW and are close to modern infrastructure and amenities. The ELs are situated in rugged terrain, however they are accessible with conventional vehicles.

Key investment prospect

Dalmorton Goldfields: gold was originally discovered in the Dalmorton district during the 1860s and mining continued throughout a wide area in alluvial deposits and in over 80 reefs to shallow depth until 1942, when all mining activities ceased. The period of greatest reef-mining activity occurred between 1871 and 1900. Most of the known reefs have been located by a combination of field work and historical research.

From 1981 to 1987, Little River Goldfields NL itself and in joint ventures with Getty Oil Development Co Ltd and BP Minerals Australia (BPMA) explored the area drilling over 120 holes. Mineral exploration was discontinued when the joint venture partners ceased mineral exploration statewide to focus on oil exploration.

Project potential

In June 2015 a JORC compliant resource statement was issued for an exploration target of 571 000 oz of gold, with 26 000 oz of gold ready for a bulk sample mining program. Only 4% of the mineralised strike zone of 4 km has been drilled, indicating the prospectivity for increasing the gold reserves by multiple times. Further exploration to define a resource of >1 Moz of gold is underway, in conjunction with the recovery of the existing near-surface gold deposits. The company is seeking investors to finance the public listing of the company and raise capital to begin activities. Initial expenditure of ~US$2 million is projected to progress the project to a bulk sampling mining operation.

Opportunities for major investors

Apart from the initial gold rush of the late 1800s, very little development of the gold resource has been carried out since the miners left the area at the start of World War II. Exploration in the 1980s led to more valuable discoveries; however no extraction of the gold was commenced. The area, with over 80 known producing gold reefs, has remained undeveloped since the early 1940s. The focus of modern development and exploration is to target a deeper source of gold than that sought by the early miners.

Download the NSW Resources and Energy Fact Sheet:
http://media.abnnewswire.net/media/en/docs/82083-Revolution_nsw_industry.pdf

Industry Investment & Export 
Support Branch
Division of Resources and Energy
NSW Department of Industry
E: industry.resourcesandenergy@industry.nsw.gov.au
T: +61-2-9338-6865

Revolution Metals
T: +61-2-8205-7339
www.revolutionmetals.com

Goldphyre Resources Ltd (ASX:GPH) Hartleys Limited Initiates Research Coverage

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Goldphyre Resources Limited (ASX:GPH) (the Company) is pleased to advise that leading Australian broking and corporate advisory firm, Hartleys Limited, has initiated research coverage on the Company.

A full copy of the research note is available here:
http://media.abnnewswire.net/media/en/docs/82084-ASX-GPH-20160127.pdf

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

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

Environmental Clean Technologies Limited (ASX:ESI) Binding Agreement with NLC and NMDC secured

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Environmental Clean Technologies Limited (ASX:ESI) (ECT or Company) is pleased to announce it has secured a binding agreement to proceed with project development initiatives for its Coldry and Matmor technologies with India's national lignite authority, Neyveli Lignite Corporation (NLC) and India's largest iron ore miner, NMDC Ltd.

Key Points:

- Australian technology development firm strikes world-first collaboration agreement with two Indian resource majors, underpinning joint R&D efforts

- Innovative Coldry and Matmor technology suite poised to upgrade low grade coal and iron ore resources, reduce emissions intensity

- Capital management planning positions Company for next phase of project development activity

Binding Agreement Reached

The agreement, which paves the way for the development and joint financing of an integrated Coldry Demonstration Plant and Matmor Pilot Plant at India's largest lignite mine, was signed on Tuesday 19 January 2016.

ECT's Managing Director Ashley Moore stated "This is a significant step forward for our business. We have been working toward this outcome for some time now. To bring India's leading lignite and iron ore players together under a tripartite arrangement, to jointly pursue the development of innovative solutions to help tackle some of India's strategic economic and environmental challenges, is a first for the parties and, to the best of our knowledge, a first for an Australian company."

NLC's Chairman and Managing Director, Mr S. K. Acharya delivered a forward looking speech during the signing ceremony, outlining his company's vision for moving its lignite resource up the value chain and mitigating emissions. He commented specifically that, as the process is suitable for purifying iron from the low grade iron ore, using easily available lignite, the exchange of technical know-how between India and Australia will benefit the companies as well as the countries.

NMDC welcomed the agreement, highlighting their previously stated drive to develop alternatives to metallurgical coal which is in short supply, and to ultimately reduce dependency on imported coking coal.

India has an abundant above-ground iron ore resource in its mine tailings, however the fine size of the tailings means they are unsuitable for blast furnace use, effectively 'stranding' this resource and creating a growing environmental challenge. The problem to date is there have been no metallurgical applications that can cost-effectively upgrade such tailings. Matmor has the potential to deliver an innovative solution to this problem as well as improving India's self-sufficiency through less reliance on coking coal.

Mr Sean Kelly, Australia's Consul-General for South India kindly attended the signing ceremony, supporting the Company's efforts in India and highlighting the opportunities for all parties.

He noted in a subsequent media release: "An Australian company has forged an important new partnership under Indian Prime Minister Modi's 'Make in India' initiative to deliver unique Australian technologies which enable India's abundant lignite coal to be used for electricity and steel production, while at the same time minimising CO2 emissions."

"This exciting Australian innovation further reinforces Australia's position as India's pre-eminent energy partner," Mr Kelly said, "while at the same time helping India reduce the carbon intensity of its rapidly growing steel industry that depends on coal."

"It is also a tangible example of the scope for Australians to bring their world-class technological innovations to India, adapting the technology to suit local requirements and working alongside Indian partners, resonating with [the] Indian Government's 'Make in India' initiative" Mr Kelly said.

Link: Media Release, Australian Consulate-General, Chennai, India
http://chennai.consulate.gov.au/cnai/Media.html

Market Context

1) Economic trends: India has overtaken China as the fastest growing economy and is predicted to maintain this momentum through the next decade. Its 'open for business' mantra, vision for sustainable growth and reputation for frugal innovation are gaining widespread traction, attracting companies like ECT.
2) Keeping it clever: The Australian Government has launched its 'National Innovation and Science Agenda', promoting innovation at home and abroad. ECT seeks to innovate across the energy and resources industries, where the desire for economic growth and the need for sustainability often come into conflict. Both NLC and NMDC are focused on developing alternative processes in their respective fields.

3) Climate security: The recent Paris Climate Conference delivered outcomes intent on achieving meaningful emissions reductions generally, with India specifically committing to significant reductions in emissions intensity. Coldry, as a zero net emissions technology for quality improvement for low rank coals, and Matmor's capacity to significantly reduce CO2 emissions during the production of crude steel provide significant contributions to this effort.

"This backdrop is highly supportive of such a collaborative approach to innovation, starting in India and expanding the offerings to other geographies reliant on emissions-exposed industries," said Mr. Moore, adding "We look forward to working with such highly regarded and capable companies as NLC and NMDC to deliver solutions focused on the upgrading of their domestic resources in India's national interest."

ECT Chairman, Mr Glenn Fozard added, "We must also acknowledge our in-country business adviser YES BANK. Doing business in India is challenging and their support has been instrumental in navigating the complexities." "Thanks must also be extended to the Australian High Commission and Austrade for their assistance with engaging India's National Government over the past 12 months."

This agreement validates the company's strategy with regard to selecting India as the launch pad for its technologies and is arguably the single most important milestone delivered for shareholders in the Company's history. It is the fulfilment of a crucial step in the Company's previously announced India strategy which has been built on a confluence of factors. These include India's reputation for frugal innovation, its abundant lignite resources, energy challenges, limited domestic coking coal, concerns around national resource and energy security and the political and business impetus to tackle these challenges in sustainable and innovative ways which have created supportive market conditions.

The Company will provide further updates as activities progress.

Next Steps

This agreement forms the basis for the forthcoming project planning and execution activities and leads into the substantive project phase, aiming to commercialise both Coldry and Matmor in the India market ahead of potential broader global deployment.

The project development activities will proceed immediately with the assistance of world class engineering partners Thermax and MN Dastur supporting Coldry and Matmor initiatives, respectively.

The next major deliverable will be the techno-economic feasibility study projections for an integrated commercial plant, targeted for delivery mid-year, will provide sufficient refinement of the capital estimates and commercial projections upon which the parties will rely to finalise the funding mix and financial and commercial commitments.

In relation to the immediate next steps, Mr Moore commented "We have a busy time ahead of us as we execute and deliver on the plans set forth in the agreement, including key elements such as the pre-construction works for Coldry, together with the Matmor-Coldry integration aspects, as well as the scale up of Matmor from its current Test Plant size to Pilot stage.

"In relation to Coldry, these next steps will include the conversion of existing engineering drawings to suit local requirements, construction codes and available 'steel sections', as well as vendor development for supply of certain technology-specific equipment items. In fact, preparatory work has been underway with Thermax on this particular activity, with formal kick-off expected soon on the end-to-end works program."

In relation to Matmor, Mr Moore added "We look forward to commencing the work with MN Dastur in coming weeks. This work program will involve significant activity to bring Matmor's readiness in line with Coldry."

Agreement Overview

The Tripartite Agreement is binding and establishes the collaborative framework to deliver an integrated Coldry and Matmor facility, providing high-level milestones and pivotal decision points along the development pathway.

The framework provides agreed pathways for key activities, broadly including:

1) Detailed Integrated Techno-Economic Feasibility Study (parallel activity to 2 & 3)

2) Coldry Demonstration Plant development

3) Matmor Pilot Plant development

Successful progression through the activities will lead to a series of subsequent steps under the framework:

1) Commercial structure agreements

2) Financial Close

3) Project construction

a. Coldry
b. Matmor

4) Commissioning

5) Validation & optimisation activities

6) Operations

7) Expansion

The Company will continue to own its Coldry and Matmor intellectual property, which will be licensed into the India project.

Capital Management

The Company has recently undertaken a complete review of its financing plans in support of business initiatives for 2016.

These initiatives, detailed at the recent AGM, include preparation and budgeting for:

- The Indian project's next major deliverable

- The upgrade of the Bacchus Marsh pilot plant to a higher volume test facility

- The next 6 months of working capital

To this end, in recent days investors in the existing 'FAST Finance' facility took up the option to convert the debt obligation of ~$1.5M into fully paid ordinary shares, which along with the recently received ATO refund of $1.1M, now places the company in a significantly improved net asset position, leaving only $300,000 of secured debt, which expires in late April 2016.

The Company is also finalising the negotiations for a debt facility with an SEC registered US debt fund to finance future R&D expenditure where the Company's accrued R&D refund can be used as the security. This facility will become particularly important to the financing mix of the Indian project in the event the Company receives an Overseas Ruling for the project (i.e. a finding that R&D activities conducted overseas are eligible under the Australian Government's R&D Tax Incentive).

Lastly, the Company has also reactivated its options exercise program to assist with the conversion of "deep in-the-money" listed options with a financing cashflow available to the company in excess of AU$23M. Realisation of this cashflow in an orderly and regular fashion over the intervening period between now and the expiry of these options in mid 2017 will assist greatly in supporting both share price stability, working capital and project financing.

The Company intends to continue developing more flexible alternatives for financing and broader relationships with institutional investors and brokers. This will become particularly important as we reach the heights of our growth aspirations across 2016.

The activities above were drivers for the recent trading halt (19 Jan 2016) and request for voluntary suspension (21 Jan 2016).

The Company requests reinstatement to quotation, effective immediately.

About NLC

Neyveli Lignite Corporation Limited is a Government of India 'Navratna status' Enterprise established in 1956, under the administrative control of the Ministry of Coal. A pioneer among the public sector undertakings in the energy sector, NLC operates:

- Three opencast lignite mines of total capacity of 28.5 million tonnes per annum at Neyveli and one open cast lignite mine of capacity 2.1 million tonnes per annum at Barsingsar, Rajasthan.

- Three Thermal Power Stations with a total installed capacity of 2490 MW at Neyveli and one thermal power station at Barsingsar, Rajasthan with an installed capacity of 250 MW.

NLC have plans to expand their thermal power capacity, with several projects totalling ~3500MW, in addition to supporting increases in mining capacity. Further power generation initiatives include a 51MW wind farm and a 10MW solar installation.

About NMDC

Incorporated in 1958 as a Government of India fully owned public enterprise. NMDC is a 'Navratna status' Enterprise under the administrative control of the Ministry of Steel, Government of India.

Since inception NMDC has been involved in the exploration of a wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc.

NMDC is India's single largest iron ore producer, presently producing about 30 million tonnes of iron ore per annum from 3 fully mechanised mines.

Future plans include strategic positioning of the company to minimise short term fluctuations in commodity markets and business cycles through the vertical and horizontal growth of assets domestically and internationally across mining and value added production. This includes increasing mining of iron ore to over 75 million tonnes per annum, and expanding iron and steel making capacity.

To view all figures and photographs, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ESI-437390.pdf

Environmental Clean Technologies Limited
T: +61-3-9939-4595
F: +61-3-9923-6566
WWW: www.ectltd.com.au

Thomson Resources Ltd (ASX:TMZ) Quarterly Activities Report

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Thomson Resources Ltd (TMZ:AU) announce the Quarterly Activities Report for the period ending 31 December 2015.

Highlights

- New petrology and geophysics at Bygoo North Tin prospect firm up drill targets

- Petrology shows coarse cassiterite in clean host rock, potentially ideal for low cost processing to produce high quality concentrate

- Successful trial of Ultra Deep Ground Penetrating Radar survey to assist in Bygoo tin drill targeting

- Follow up drilling planned for February

BYGOO NORTH TIN PROSPECT

Thomson completed petrological research of samples from its successful drilling at Bygoo North (as reported in September 2015 quarterly). Rock chip samples from the drilling (BNRC11 at 70m downhole) were ground to paper-thin slices ("thin section") and viewed through a microscope (Figure 1 in link below).

Minerals identified included quartz (75%), topaz (10-15%) and cassiterite (tin, 5-8%), with trace amounts of tourmaline, fluorite and wolframite (contains tungsten). Overall the rock, including the cassiterite, was coarsely crystalline with quartz crystals up to 2mm long observed. The assemblage is typical of a granite greisen.

Both the heavy minerals cassiterite and wolframite are oxide minerals: no sulphide minerals were observed. The absence of sulphide minerals such as pyrite, pyrrhotite, chalcopyrite, arsenopyrite or galena is a strong contrast to the nearby Ardlethan Tin Mine, where these minerals are abundant and associated with the tin mineralisation.

The Ardlethan mineralisation has been described as "porphyry style cassiterite-sulfide deposits". In contrast, the Bygoo North mineralisation appears to be of a vein or fracture-controlled greisen style.

The mineralogical study, with the coarse mineralogy and absence of sulphides, indicates that the mineralisation is likely to be amenable to low cost processing during mining, and could produce a clean, high quality concentrate with minimal deleterious elements.

In terms of geophysical properties, the absence of sulphidic or magnetic minerals in the greisen means that conventional methods may be of limited use in tracing individual mineralised horizons.

Thomson therefore trialed a new generation geophysical method - Ultra deep penetrating ground radar (UDGPR), originally developed by the Russian aerospace industry for their Mars lander. This method sends extremely short (1-3 nanoseconds), very high-amplitude pulses of electromagnetic (EM) radiation vertically into the ground, with any reflected energy measured to produce subsurface images.

Similar to seismic, the principal features displayed are usually reflections at rock boundaries, with the system sensitive to:

- Soil composition and stratification.

- Rock crystallinity, composition and pore space (and thus density).

- Conductivity of pore fluids and bulk rock.

- Conductive media like wet clays and salt water that inhibit the signal.

- Groundwater.

- Mineralogy.

The trial at Bygoo North was successful, with a strong apparent fault detected and associated with the mineralisation. This fault was traceable over 4 lines (100m) and separates the previously modelled Greisens A and B (Figure 2 in link below).

The success of the trial firms up the drill targets chosen by Thomson for the next drilling round. Six holes for 800m are planned (one of the proposed holes is shown on Figure 2 in link below), to confirm the greisen model and to extend the known mineralisation to the east. The drilling program is expected to take place in February 2016.

Mullagalah aeromagnetic survey

During the quarter Thomson commissioned modelling of aeromagnetic survey data over the Mullagalah project on EL 8102. The survey comprised 1,194 km at a line spacing of 50m, providing high resolution magnetic and radiometric data to detail the prominent anomaly.

The Mullagalah anomaly has previously been explored by YTC Resources Ltd in 2010, which drilled two deep diamond holes near the western edge of the anomaly (Figure 3 in link below). Both holes intersected anomalous copper and gold with accompanying mineral alteration of the types often found in intrusion-related mineralisation.

The modelling emphasised a deep low in the 800m area between the two YTC holes, ruling out any continuity of the copper-gold anomalism seen in them.

The modelling and other data is being reviewed to assess the prospectivity and generate drill targets if warranted.

Tenement Holdings
Thomson holds a 100% interest in 779 square kilometres over nine granted titles, after the Mt Paynter EL was granted during the quarter.

During the quarter the Havilah EL 7891 was joint ventured to Silver Mines Ltd. Under the agreement Silver Mines will spend $300,000 to earn an 80% interest over three years, with a minimum of 1,000m of exploration drilling to be undertaken. Once Silver Mines has earned its interest, Thomson's 20% will be free-carried until a decision to mine.

Several other tenements have previously been joint ventured: four titles covering 404 square kilometres in the Kidman joint venture; and one title covering 59 sq. km in the Mullagalah joint venture.

Corporate

Exploration expenditure incurred during the quarter totalled $131,677. Cash at the end of the quarter was $341,316.

Thomson raised $145,000 from private investors as well as $192,500 from a Share Purchase Plan offered to all shareholders.

Thomson has no debt and had 95,303,306 shares on issue at the end of the quarter.

To view the all figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TMZ-903120.pdf

Thomson Resources Ltd
T: +61 2 9906 6225
E: info@thomsonresources.com.au
WWW: www.thomsonresources.com.au

Sayona Mining Ltd (ASX:SYA) Quarterly Activities Report

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Sayona Mining Limited (ASX:SYA) ("Sayona" or the "Company") is pleased to announce activities for the quarter including the completion of the maiden East Kimberley drilling program and restructure of the Itabela Option-to-Purchase contract terms.

Highlights

- Maiden East Kimberley drilling program at Corkwood completed

- Significant widths of graphite mineralisation intersected over 7km of the 20km Corkwood structure, including a graphite intersection of 64 metres downhole width

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

East Kimberley, Western Australia

During the quarter, the Company drilled 33 reverse circulation holes totalling 2,949 metres in six prospect areas within the Corkwood tenements. Every hole intersected visual flake graphite mineralisation, with significant zones of over 50 metre downhole widths in several holes, including an intercept of 64 metres (see Figure 1 in link below).

Additionally, some holes have intercepted multiple horizons of graphite mineralization. The drilling has defined consistent, broadly tabular bodies of graphite mineralization and the thickness of the mineralisation is better than anticipated from surface observations.

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

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

Subsequent to the end of the quarter, the Company exercised its option to acquire the Western Iron tenement (E80/4511) at the East Kimberley project (see Figure 2 in link below). 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.

Itabela, Brazil

During the quarter the Company completed a restructure of its Option-to-Purchase agreement with Brasil Graphite SA ("Brasil Graphite").

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

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

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

1. Product and market potential

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

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

- Low impurities;

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

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

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

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

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

At shallow levels, the Itabela mineralisation is hosted within a saprolitic profile, the result of deep weathering of the original metamorphic rocks in a sub-tropical environment. The extent of weathering is from surface down to the current limit of drilling, 30 metres below surface. The weathered rocks are soft and friable. The graphite mineralisation is evident from surface and contains a high percentage of large flake graphite.

The natural advantages derived from the Itabela host rocks, include:

- No requirements for drilling and blasting, or crushing;

- Low-intensity milling and grinding; and

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

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

3. Infrastructure and logistical advantages

Itabela is close to established infrastructure including port, power, water, labour, roads and an airport. The local workforce are skilled in graphite geology, mining, processing and marketing.

The well-established infrastructure and mining services will assist in delivering low operating and capital costs.

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

New Option-to-Purchase Agreement Terms

The new key terms, include:

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

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

- A US$0.5 million drilling commitment before 30 June 2016;

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

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

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

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

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

Itabela next steps

The Company is currently planning a drilling program that will commence in February 2016.

The scoping study will be completed in parallel with the drilling program and resource estimate.

Tenement Schedule

The Company currently has no interest in any mining tenements.

To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SYA-903153.pdf

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

Raya Group Ltd (ASX:RYG) Supplementary Prospectus and Notice of Meeting

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Raya Group Ltd (ASX:RYG) (Raya or the Company) wishes to advise the lodgement of a supplementary prospectus (Supplementary Prospectus) with the Australian Securities and Investments Commission (ASIC) today in relation to its general public offer to raise up to $8 million before costs (Offer).

This document supplements, and should be read together with the prospectus lodged with the ASIC by Raya Group on 18 January 2016 (Prospectus). The Supplementary Prospectus has been issued to restate, clarify or provide further details regarding certain information already disclosed in the Prospectus.

Eligible shareholders will receive a copy of the Supplementary Prospectus together with the Prospectus and a personalised application form. The Share Registry expects to dispatch and mail these complete documents to shareholders early next week.

A copy of the Supplementary Prospectus has been released on ASX platform following this announcement and also provided on the Company website at:
http://www.rayagroup.com.au/prospectus

Raya and its lead manager KTM Capital (KTM) have received strong indications from funds and institutions to participate in the Offer following the roadshows held in late December.

The priority offer closing date has been extended to 19th February 2016 to allow time for shareholders to receive documents following the new dispatch date and is in line with the public closing date.

Following the cancellation of the 320 million Xped vendor options under a variation to the acquisition terms all previously proposed bonus prospectus, bonus loyalty and advisor options ceased in exchange for the variation.

Raya is also pleased to advise that the Notice of General Meeting materials (NOM) and details regarding the general meeting to approve the acquisition of Xped Holdings Limited follow this announcement. Dispatch of the NOM to shareholders will occur on 2nd February 2016, with the meeting set for 4th March 2016, and the timeline in link below reflects the new dates.

To view the timeline, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RYG-903281.pdf

To view the supplementary prospectus, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RYG-903282.pdf

Raya Group Ltd
T: +61 3 9642 0655
WWW: www.rayagroup.com.au

Rum Jungle Resources Ltd (ASX:RUM) Quarterly Activities Report Dec 2015

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Rum Jungle Resources (ASX:RUM) strategic intent is to create shareholder value through the discovery, development and operation of fertiliser and industrial mineral projects, located in close proximity to existing transport infrastructure, focused on the Northern Territory of Australia.

CORPORATE SUMMARY

- The company's current primary focus is the development of a small scale, low capital start-up to generate an operating cash flow. As such, the Karinga Lakes project is being advanced through pre-feasibility

- Rum Jungle Resources was one of the small numbers of resources companies that were featured at the Northern Australia Investment Forum that was hosted by the Australian Federal Government in Darwin in November 2015. A significant number of potential investor companies from various parts of the world were present

- Engagement with a number of regional fertiliser industry and financial entities continues with an aim to secure cornerstone project level investment, joint ventures and/or offtake to support the global scale Ammaroo Phosphate project or the evolution of the SOP portfolio of projects

- Cash Balance $2.4 million (including secured Term Deposits of $350k)

HEALTH, SAFETY, ENVIRONMENT AND COMMUNITY

- 1,390 field hours were worked at Karinga and Ammaroo and there were no reportable incidents

SULPHATE OF POTASH

- An MOU regarding potential future SOP off take was completed with a major Japanese Trading House as announced to the ASX on 9 December 2015

- GHD and Norwest Corporation commenced a pre-feasibility study (PFS) of the Karinga Lakes SOP Project as announced to the ASX on 20 November 2015

- A 2,000 litre evaporation trial of Karinga brine in Alice Springs is on-going. It will provide potassium salts for the next stage of process test-work for the PFS

- Eleven deeper RC holes for 1,574 m were drilled at Karinga Lakes during November in order to provide a better understanding of maximum brine depths within a small footprint. This will inform the PFS and provide a modest increase in the in-situ brine resource. The results were released after the Quarter on 19 January 2016 and work on a resource upgrade is currently being undertaken

- The first meeting with the Traditional Owners of the Lake Amadeus project was conducted during October 2015. Lake Amadeus is located on Aboriginal Land and therefore the Aboriginal Land Rights Act applies (the Native Title Act applies to the majority of RUM's other projects). Discussions were positive and second meeting is scheduled for March 2015. Lake Amadeus is the largest salt lake in the Central Australian Ground Water discharge zone. It is 130 km long and covers an area of more than 1,000km2. Lake Amadeus has the potential, subject to Traditional Owner support and evaluation of the brine resources, to be a very significant sulphate of potash resource in the course of time.

- After a meeting in July 2015, the Traditional Owners of the Northern Territory side of the Lake MacDonald project have instructed the Central Land Council to negotiate an agreement, under the Aboriginal Land Rights Act, with Rum Jungle Resources. This agreement negotiation process is expected to take several months to complete. According to Geosciences Australia, Lake MacDonald, located on the WA/NT border, is potentially prospective for both potassium and lithium in brines.

- After a meeting in October 2015, the Adnyamathanha Traditional Lands Association (ATLA), traditional owners of the Lake Frome area, have agreed to negotiate an exploration agreement with Rum Jungle Resources. Lake Frome is a large salt lake located in South Australia, proximate to gas and transport infrastructure and the horticultural areas of western NSW and Victoria. According to Geosciences Australia and the South Australian Government, areas of Lake Frome are potentially prospective for both potassium and lithium in brines. It is expected that the exploration agreement with ATLA will be completed during Q1 2016.

- The process of amalgamating all potash titles into a single company, Territory Potash Pty Ltd, continued during the Quarter

SILICA (HIGH PURITY QUARTZ)

- Initial processing test work results were released to the ASX on 23 October 2015. The test work was inconclusive and more work is required to determine whether or not an IOTA standard HPQ product can be produced

- The next step is to conduct an initial drilling program over the resource to understand its chemical distribution and conduct a second round of processing test-work on a representative sample from the ore body

- Sacred site clearance certificates for the Dingo Hole silica project are pending and will enable drilling to be conducted

- Several new Northern Territory exploration applications for silica were lodged during the Quarter and desk-top evaluations are underway

To view the full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RUM-437485.pdf

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

Archer Exploration Limited (ASX:AXE) Quarterly Activities Report

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Archer Exploration Limited (ASX:AXE) announce the Quarterly Activities Report for the period ending 31 December 2015.

DECEMBER 2015 QUARTER HIGHLIGHTS

GRAPHITE

- Pegging and applying for the Mineral Claim over Campoona Shaft and two miscellaneous purpose licences covering the Sugarloaf processing facility and Pindari wellfield and water pipelines have been completed and are awaiting submission.

- Campoona Mining Lease Proposal to be amended to include small-scale start-up operation to allow for product accreditation phase and the incorporation of the production of graphene.

- ELA 2015/00215 Cockabidnie granted covering extensions to Central Campoona graphite deposit and Sugarloaf carbon deposit

- Micronising and battery test program established and set to commence January 2016.

GRAPHENE

- In collaboration with the University of Adelaide, Archer confirmed the ability of Campoona graphite concentrates to produce pure graphene (>99.9%) with outstanding electrical properties that could be used in high-tech applications.

- Archer's highly concentrated graphite (>99%) will allow for more efficient scalable graphene production compared with graphene sourced from lower grade graphite.

LEIGH CREEK MAGNESITE
- Positive discussions with third parties regarding access to infrastructure required for the development of the Leigh Creek Magnesite Project.

WONNA GOLD

- Rock chip sampling of stockwork quartz veins at Wonna (Napoleon's Hat) returned anomalous gold to 8.8 g/t Au.

SPRING CREEK COPPER

- Plans to drill a series of diamond drill holes to test for shallow extensions to the high grade underground copper lodes have been reviewed by SA Water.

FINANCIAL

- Cash in bank on 31st December 2015 of $1.06 million.

- $254,000 was spent on exploration and project evaluation during the quarter.

To view the Summary of December 2015 Quarter Exploration Activities, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-AXE-903301.pdf

Archer Exploration Limited
T: +61 8 8272 3288
E: info@archerexploration.com.au
WWW: www.archerexploration.com.au

KGL Resources Ltd (ASX:KGL) Completes Entitlement Offer and Raises AU$3 Million

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KGL Resources Limited (ASX:KGL) advises that the fully underwritten, 2 for 9 non-renounceable pro-rata entitlement offer announced on 29 December 2015 has concluded.

Acceptances were received from shareholders for 18,096,779 new fully paid ordinary shares under the entitlement offer. A total of 285 shareholders accepted the offer, with almost 30% of these applying for top-up shares. The Company's significant shareholders, KMP Investments Pte and Pegasus CP One Ltd, both fully participated in the offer.

The shortfall of 13,353,516 shares will be issued in accordance with the underwriting agreement. In total, the company has raised approx. $3 million before costs.

Denis Wood the Chairman of KGL Resources said "I wish to thank the shareholders for their support in the entitlement issue. The strong take up from existing shareholders is a great show of support in a tough market environment. The funds will be used to further advance the high grade Jervois Copper Project."

Mr Simon Milroy
CEO
T: +61-7-3071-9003
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