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Explor Resources Inc. (CVE:EXS) Grants Stock Options

August 22, 2017, 6:18 pm
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Explor Resources Inc. (CVE:EXS) (OTCMKTS:EXSFF) (FRA:E1H1) ("Explor" or the "Corporation") announces today that it has granted an aggregate of 4,900,000 incentive stock options to directors, officers and consultants of the Corporation pursuant to its stock option plan. These stock options will allow to acquire shares of the Corporation at a price of $0.08 per share and will expire on August 21, 2022.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQB (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release. 

Christian Dupont, President
Tel: +1-888-997-4630 or +1-819-797-4630
Fax: +1-819-797-1870
Website: www.explorresources.com
Email: info@explorresources.com
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Fufeng Group Limited (HKG:0546) Announces 2017 Interim Results

August 22, 2017, 6:40 pm
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The world's largest monosodium glutamate ("MSG") and xanthan gum producer, Fufeng Group Limited ("Fufeng" or the "Company", together with its subsidiaries, the "Group") (HKG:0546) today announces its unaudited interim results for the six months ended 30 June 2017 ("Period under review").

- Profit attributable to shareholders grew 83.4% to RMB643 million

- Dividend payout ratio increased to about 30%

- Threonine and high-end amino acid products became the new growth driver 

Financial Highlights
Six months ended June 30    2017         2016       Change
                       (RMB Million)  (RMB Million)

Turnover                   6,210.6      5,512.5     +12.7%
Gross Profit               1,401.6      1,064.1     +31.7%
Profit Attributable to 
Shareholders                 642.6        350.4     +83.4%

Riding on the stabilised market conditions since 2016, along with the state's reformation of corn purchasing and storage policy, the Group was able to benefit from these important development opportunities in the first half of 2017. As the industry leader, the Group managed to achieve strong results in its core business and also further consolidated its leadership in the market.

During the period, turnover increased to approximately RMB6,210.6 million (1H 2016: RMB5,512.5 million) which represents an increase of 12.7%. The increase in revenue was primarily due to (1) the increase in annual production capacity by means of newly enhanced production technology, and (2) the increase in the sales of threonine, high- end amino acid products and xanthan gum.

Gross profit of the Group increased significantly by 31.7%, to about RMB1,401.6 million. Gross profit of the Amino acid segment and Xanthan gum segment increased by 29.2% and 87.0% to about RMB1,314.4 million and RMB87.2 million, respectively. Compared to the first half of 2016, the Group benefited from a decrease in the price of corn kernels and its enhanced production technology, which further strengthened its competitive cost advantages. In addition, the Group achieved robust performance of high-end amino acid products and threonine.

During the period, Profit attributable to the Shareholders increased by 83.4% to about RMB642.6 million. Earnings per Share - basic and diluted for the first half of 2017 were HK32.24 cents and HK32.18 cents, respectively (1H 2016: HK19.28 cents and HK18.43 cents). The Board of Directors has recommended an interim dividend of HK8.8 cents per share (1H2016: HK3.8 cents). Dividend payout ratio increased to about 30%.

The Group's products are organised into two business segments, namely Amino acid segment and Xanthan gum segment. Amino acid segment includes MSG, fertilisers, starch sweeteners, threonine, high-end amino acid products and other related products while Xanthan gum segment represents the production and sale of xanthan gum.

Amino acid segment

Revenue generated from the Amino acid segment increased to about RMB5,878.6 million, representing an increase of 12.8%, as compared with that in the corresponding period of 2016, mainly attributed to the increase in the revenue of threonine and high-end amino acid products.

The revenue of MSG was stable primarily due to the effect of an increase in the sales volume of MSG, offset by the effect of a decrease in ASP during the period. The sales volume of MSG was about 547,672 tonnes in the first half of 2017, representing an increase of 7.7% as compared with the corresponding period of 2016, mainly due to the production technology enhancement which increased production yield. ASP of MSG was approximately RMB5,475 per tonne, representing a decrease of 9.1% as compared with the corresponding period of 2016. Turnover of MSG decreased by 2.2% to about RMB2,998.0 million in the first half of 2017.

The Group continued to widen its product mix and diversity, such as animal nutrition and high-end amino acid products. Increasing gross profit contribution from threonine and high-end amino acid products, which have higher gross profit margins, resulted in an increase in the overall gross profit margin of the Amino acid segment. Gross profit increased to about RMB1,314.4 million and gross profit margin increased by 2.9 percentage points to 22.4% for the six months ended 30 June 2017.

Xanthan Gum Segment

The global market demand for xanthan gum returned to stability in the first half of 2017. However, the global economy is still weak, especially the oil industry, which has continuously impacted the contribution of xanthan gum business to the Group.

Revenue generated from xanthan gum increased by 10.9% to RMB332.0 million in the first half of 2017. The increase in revenue was due to the increases in the ASP and sales volume during the period. Gross profit of the xanthan gum segment increased by about 87.0% to approximately RMB87.2 million in the first half of 2017. Gross profit margin increased by 10.7 percentage points, reflecting the general pricing of xanthan gum and the oil industry returning to stability.

Future Prospects

Regarding the future prospects and development strategies, Mr. Li Xuechun, Chairman of Fufeng said, "The Group is constructing a new corn processing project in Qiqihar City, Heilongjiang Province. The first phase of the new plant is expected to be completed by the end of 2017. We will further enhance our competitive strengths in the global amino acid market and develop more amino acid products. We will speed up our development pace to tap the animal nutrition market such as lysine, with an aim to increase the proportion of high value-added products. We will sustain the development of animal nutrition and food additive businesses of the Group." 

Investors and media enquiries
Mr. Eric Yip
Vision Asia Consulting Group Limited
Mobile: 852-51186009
Office tel: 852-39066439
Fax: 852-21809686
Email: fufeng@visionasia.com.hk
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Havilah Resources Ltd (ASX:HAV) Portia Gold Mine Update - July 2017

August 22, 2017, 6:50 pm
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Havilah Resources Ltd (ASX:HAV) reports the Portia gold mine production numbers for the month of July.

Highlights

- Gold production for the July quarter of 1,740 ozs, 18% lower than the previous quarter due to lower processed grade and downtime to complete major plant upgrades.

- The final phase of plant upgrades was successfully completed in July and is allowing consistently higher throughput in August.

- Total nugget inventory increased to 325 ounces (Approximate value $0.5 million).

- August mining campaign has commenced targeting higher grade ore.

Key points from the production figures presented in the table in link below are:

1. Gold production was approximately 49% lower in July compared to the previous month partly due to processing slightly lower grade ore but mostly caused by lower total throughput as a result of downtime to complete the final phase of plant upgrades.

2. Gold production was lower by approximately 18% for the July quarter compared to the previous quarter mainly due to lower July monthly production due to plant downtime related to the plant upgrades.

3. Plant throughput was lower by 21% in July largely due to downtime for upgrades and ramp up during commissioning of the changes. However, July quarter throughput was 26% higher than the previous quarter for a record of 106,000 tonnes processed, reflecting the earlier plant improvements.

4. Ore stockpiles on the ROM pad of approximately 75,000 tonnes at the end of July will allow processing at the current rate for approximately one and a half months. This comprises a mixture of higher grade Base of Tertiary material and lower grade saprolite (weathered bedrock) ore, which is normally blended in order to optimise throughput.

5. Ore mining was limited to 12,000 tonnes of ore in July (after no ore mining in June), which limited the opportunity to add higher grade material on the ROM pad. A mining campaign targeting higher grade ore has commenced in August.

6. Limited overburden mining was necessary in July because a large part of the saprolite gold resource is now exposed in the open pit floor.

The final stage of plant improvements was completed in July with the installation and commissioning of cyclones that will increase slurry density to the Knelson Concentrators and allow for higher throughput and is expected to result in improved recoveries.

Roughly 120,000 tonnes of saprolite gold ore exists in the resource model to -30 RL, which is near the base of oxidation and some 10 metres below the current pit floor. Saprolite ore blocks that are presently being mined from the floor of the open pit lie within this resource envelope (see picture below). Havilah's internal resource model estimates that these blocks should contain higher grades than are currently being processed, lying in the range of 0.7 - 2.4 g/t, depending on the gold cut-off grade used.

Further details on drilling results and the outlook for future ore mining and processing at Portia will be presented in the forthcoming quarterly report.

Commenting on the production results, Havilah Managing Director, Dr Chris Giles said: "Production in July was lower in part due to the installation of the final phase of plant improvements that were initiated in May.

"The fourth quarter of this year saw lower gold production, but record throughput for the quarter reflects our large effort with our partner (Consolidated Mining and Civil) on plant improvements and we should see further benefits of the plant upgrades in future quarters.

"Mining commenced in the medium grade saprolite gold ore zones in August, which based on our resource models should see improved grades of material being delivered to the ROM pad and processed" he said.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/LUFLHW8Y 

Dr Chris Giles
Managing Director
Havilah Resources Ltd
T: +61-8-8338-9292
F: +61-8-8338-9293
E: info@havilah-resources.com.au
WWW: www.havilah-resources.com.au
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Ardiden Ltd (ASX:ADV) Acquires 100% of Wisa Lake Lithium Project

August 22, 2017, 7:58 pm
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Diversified minerals explorer and developer Ardiden Limited (ASX:ADV) is pleased to announce that it has completed the successful acquisition of 100% of the Wisa Lake Lithium Project in Ontario, Canada with a reduced final cash payment made to the vendor, Alset Minerals Corporation (formerly Alset Energy Inc.)

As a result, Ardiden now has 100% ownership of all four projects in its Canadian lithium portfolio.

After negotiations with Alset Minerals Corp., the parties agreed to modify the original option agreement announced on 19 December 2016.

As a consequence, Ardiden has been able to secure 100% of the Wisa Lake property for an additional cash payment of $50,000. Therefore, the total consideration paid by Ardiden to acquire full ownership of this highly prospective project was reduced from $300,000 to just $80,000. Under the new terms, Ardiden is no longer required to issue $220,000 worth of shares to Alset Minerals Corp. or provide Alset with a 2% net smelter royalty (NSR).

As announced on 15 August, Ardiden is currently mobilising a second diamond drill rig to commence a second resource development drilling program at its Seymour Lake Lithium Project. The addition of a second drilling crew at Seymour Lake will allow for a focussed drill-out to be undertaken on the Central and South Aubry prospects, which are located along strike and complement the North Aubry prospect area and hosts multiple high-quality lithium mineralised exposures.

Ardiden will continue to focus on defining a maiden JORC 2012 Lithium Mineral Resource at the North Aubry prospect. As announced on 18 August, the assay results from Seymour Lake have confirmed multiple thick intersections of spodumene-bearing pegmatites with numerous high grade incepts reported, continuing to expand the identified lithium mineralisation envelope at the North Aubry prospect. The mineralisation remains open to the north, east, west and down-dip.

CONCLUSIONS

With full control of the Wisa Lake Lithium Project now secured, Ardiden's immediate priority remains on the continued rapid development of the North Aubry prospect towards development and production.

The acquisition of the Wisa Lake Lithium Project, together with its other Canadian mineral projects, establishes a diverse exploration and development pipeline of lithium projects for the Company, ranging from early exploration stage to more advanced resource development. This puts Ardiden in a strong position to define multiple lithium resources in strategic locations close to established infrastructure and with direct access to growing key markets.

The Company looks forward to providing further updates as they come to hand.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/KE08369T 

Investors:
Brad Boyle
Ardiden Ltd 
Tel: +61-8-6555-2950 

Media:
Nicholas Read 
Read Corporate
Mobile: +61-419-929-046
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XPED Ltd (ASX:XPE) Xped Sign Agreement with Eastool

August 22, 2017, 9:45 pm
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Xped Limited (ASX:XPE) ("Xped" or "the Company") is pleased to announce they have signed an agreement with Eastool Solution ("Eastool") of Malaysia.

Highlights

- Eastool to provide local support for Malaysia and surrounding region

- Support BD, local technical support for clients, and logistical support

The agreement is for Eastool to provide local resources within Malaysia and surrounding region to assist Xped with business development activities, local client technical support, and logistical support. Eastool is also able to provide SIRIM certification services for our smart devices.

The initial agreement is for a short term to support current business development activities. The companies have commenced discussion to form a longer-term partnership.

The Company believes there is a terrific opportunity within this region to sell our Smart Home Solution and license our IoT platform. We look forward to providing updates to the market as material events occur.

For more information:
Contact Xped Limited
T: +61-3-9642-0655
F: +61-3-9642-5177
E: info@xped.com
www.xped.com 

Corporate Enquiries:
Cameron Low
T: +61-3-9225-5474
E: ir@xped.com
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Moxian, Inc. (NASDAQ:MOXC) Price Target of $5.25 Reaffirmed by Crystal Equity Research

August 23, 2017, 10:20 am
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(NetworkNewsWire) Moxian, Inc.'s (NASDAQ:MOXC) price target of $5.25 remains unchanged in the August 15, 2017, update report from Crystal Equity Research LLC (http://nnw.fm/gLF1A), which published its initial report on the company in January 2017. Crystal classified an investment in the company as a 'speculative buy' and made positive note of the firm's joint venture with Shewn International Group in Shanghai. It also said it anticipates revising its revenue estimates for Moxian upward when the Shewn transaction is formalized.

Moxian is an integrated platform operator in the midst of converting its unpaid platforms to paid. Its joint venture with upscale wine distributor Shewn — expected by Crystal Equity to be finalized by the end of September 2017 — calls for Shewn to use Moxian+ Merchant App technology. It uses a UnionPay module processing system and offers Moxian's Mo-Points redemption plan. In return, Shewn offers Moxian quicker and less costly market penetration and an additional revenue stream. Moxian will earn a fee on Shewn's digital sales processed on the Moxian+ platform.

"Execution on the Shewn International joint venture should put greater certainty into the Moxian story, providing the foundation for greater investor confidence and a higher valuation of the shares. We view it as an important catalyst for valuation. In our view, the stock provides an interesting play on China's e-commerce industry" the report said.

Moxian has already signed a memorandum of understanding with Shewn. The research company quoted James Mengdong Tan, CEO of Moxian, as saying that he anticipates 30-40 more joint venture possibilities in the pipeline. Crystal Equity also liked Moxian's lower cash usage in the quarter ended June 2017, resulting from reduced SG&A costs.

According to an 8K SEC filing on August 16, 2017 (http://nnw.fm/7BxVJ), Moxian also had a change in its board of directors. It added Chan Fook Meng, Dr. Yu Lin and Liu Shu Juan to the board. Liu, currently the CEO of Shewn International Group, Inc., is also financial controller of Shanghai Shewn Wine Co. Ltd., the main operating company for Shewn in China. At Moxian, Liu will also serve as Moxian's executive director.

For more information, visit the company's website at www.Moxian.com

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Myob Group Ltd (ASX:MYO) 1H17 Half Year Report and Results Presentation

August 23, 2017, 3:32 pm
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The directors present their report on the consolidated entity (referred to as "the Group") consisting of MYOB Group Limited (ASX:MYO) and the entities it controlled at the end of, or during, the half-year ended 30 June 2017.

PRINCIPAL ACTIVITIES

The principal activities of the Group during the half-year were the development and publishing of software and provision of services for small and medium enterprises, including accountants in public practice.

REVIEW OF OPERATIONS AND FINANCIAL RESULTS

The Group has reported a net profit after tax of $28.3 million for the half-year ended 30 June 2017, an increase of 13.0 per cent on the prior corresponding period. Statutory earnings before income tax, net finance expenses, depreciation and amortisation increased 10.3 per cent to $87.1 million for the half-year ended 30 June 2017.

The increase in operating revenue reported for the half-year period of 14.4 per cent to $204.0 million was attributable to subscriber and ARPU (Average Revenue per Paying User) growth in the underlying business together with the contribution from the Greentree acquisition made in August 2016. The acquisition of Paycorp Payment Solutions Pty Ltd in April 2017 has also contributed to the financial result and has enabled the Group to play a larger role in the provision of automated payment and integrated accounting software solutions.

To view the full report, please visit:
http://abnnewswire.net/lnk/1H5X266U

To view 1H17 Results Presentation, please visit:
http://abnnewswire.net/lnk/C230TVSR 

Christina Nallaiah
Head of Investor Relations
T: +61-2-9089-9122
M: +61-468-362-553
E: christina.nallaiah@myob.com
W: www.myob.com
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Myob Group Ltd (ASX:MYO) Announces On-Market Share Buyback and Appendix 3C

August 23, 2017, 3:53 pm
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MYOB Group Limited (ASX:MYO) (MYOB), a leading provider of online business management solutions to Australian and New Zealand businesses, is pleased to announce its intention to undertake an on-market share buyback of up to 5 per cent of the Company's issued capital, equivalent to approximately 30,322,081 ordinary shares. The buyback will commence on or after Friday September 8th 2017, and will be open for a period of up to 12 months.

MYOB Chairman, Justin Milne:

"This buyback reflects the Board's commitment to efficient capital management whilst maintaining flexibility to pursue acquisitions in line with our growth strategy."

Based on the Company's closing share price of $3.37 on 23 August 2017, 5 per cent of MYOB's issued share capital would represent a buy-back program valued at approximately $102 million. The total number of shares purchased will depend on market conditions and will be evaluated against alternative opportunities throughout the buyback period.

The buyback will be funded from existing cash and the business will retain a strong balance sheet and regulatory capital position following the buyback.

To view the Appendix 3C in respect of the on-market share buyback, please visit:
http://abnnewswire.net/lnk/5S2HLN3L 

Investor and Analyst Enquiries
Christina Nallaiah
Head of Investor Relations
T: +61-2-9089-9122
M: +61-468-362-553
E: christina.nallaiah@myob.com

Media Enquiries
Morag MacKinnon
Financial PR Specialist
P: +61-2-9089-9295
M: +61-415-066-744
E: morag.mackinnon@myob.com
W: www.myob.com
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Myob Group Ltd (ASX:MYO) Announces Half Year Results for the Six Months Ended 30 June 2017

August 23, 2017, 3:58 pm
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MYOB Group Limited (MYOB) (ASX:MYO), a leading provider of online business management solutions to Australian and New Zealand businesses, is pleased to announce its interim financial results for the six months ended 30 June 2017.

Highlights

- Australia and New Zealand leadership position continues to strengthen

- Strong financial performance driven by revenue growth from accelerating online subscriber growth and improved customer lifetime value

- New payments segment unlocks $1.2 billion Total Addressable Market (TAM)1, increasing MYOB's total TAM opportunity to more than $3 billion

- MYOB's Connected Practice vision is leading the path of digital transformation amongst SMEs and their Advisers, and driving new client wins

- Positive trajectory continues, with FY17 revenue growth rate expected to be within the 13% - 15% range; EBITDA margin guidance narrowed to 45% - 46% range

- On-market share buy back of up to 5% of issued capital over the next 12 month period

Financial Summary

Revenues for the six month period increased to $204 million, up 14 per cent on prior year, and underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew to $90 million, up 9 per cent on prior year. MYOB's preferred measure of after tax profit (NPATA2) was $48 million, up 9 per cent on prior year, with associated NPATA earnings per share of 8.1 cents, up 6 per cent on prior year.

Recurring revenue remained strong at 96 per cent of total revenue, driven by the SME segment, which achieved 99 per cent recurring revenue in the half year period. SME recurring revenue grew 13 per cent on prior year, driven by increases in the number of paying users and Average Revenue per Paying User (ARPU).

SME Paying Users increased by 5 per cent on prior year to 601,000, underpinned by strong online additions (total up 53 per cent on prior year to 306,000, of which SME online grew 32 per cent on prior year to 257,000), together with an increased migration rate from non-paying to paying and improved retention rates.

The opportunity to migrate MYOB's existing desktop base to online users remains significant.

SME ARPU for the period increased by 6 per cent on prior year to $421, reflecting pricing increases of approximately 5 per cent, supported by growth in connected services and increased product functionality as well as a shift in mix towards higher priced 'Do It Yourself' SME products.

EBITDA margin of 43.9 per cent is slightly lower in 1H17 compared to the prior corresponding period due to a higher spend on marketing in the first half of the year driven by MYOB's brand relaunch campaign. EBITDA margins for the full year are expected to be within the 45 - 46 per cent range.

Dividend

The Board has declared an interim dividend of 5.75 cents per share, up 5 per cent from the dividend paid in relation to 1H16, and representing 72 per cent of 1H17 NPATA. The Board's decision is reflective of its confidence in the growth trajectory of the business and positive outlook for FY17.

Justin Milne, Chairman:

"MYOB has had a strong start to the 2017 financial year, delivering a positive set of results for the period. The business has achieved record growth in online subscribers, up 53 per cent on prior year to 306,000, reflecting MYOB's focus on the Connected Practice Strategy which is driving online SME growth and leading to higher migration and retention rates."

"MYOB continues to hold the highest penetration amongst SMEs and Advisers across Australia and New Zealand, who continue to use our trusted and secure accounting solutions."

"Particularly exciting for MYOB this period is the integration of our new payments division and the opportunity this brings to significantly increase MYOB's Total Addressable Market (TAM) to over $3 billion across all segments."

Tim Reed, Chief Executive Officer:

"I am pleased to report a strong set of half year results for 2017. It's great to see that our customer-focused strategy is delivering positive outcomes for the business. Our commitment to the Connected Practice Strategy continues to position us as a leader in the industry, enabling digital transformation amongst SMEs and Advisers, which remain central to our vision."

"Our focused investment in the MYOB Platform remains a key driver of our success, as we continue to develop products and services that leverage Artificial Intelligence and machine learning to deliver best in class solutions to our clients."

"Our aim to attract the best talent has seen us further strengthen our executive team in the first half and we are well positioned for strong future growth."

Outlook

Tim Reed, Chief Executive Officer:

"Our outlook for FY17 remains positive, with the Connected Practice strategy underpinned by the MYOB Platform expected to drive accelerating online subscriber growth in 2H17. On the back of a strong first half, we are updating our FY17 revenue growth rate to be in the 13 per cent - 15 per cent range and EBITDA margins to be in the 45 - 46 per cent range, a tighter range compared with previous guidance."

Investment in the MYOB platform will continue with R&D investment for FY17 expected to be at the upper end of the reported 13 - 16 per cent of revenue range."

MYOB's Long Term Growth Drivers

1 Growing the number of online subscribers

- Winning Advisers through Connected Practice vision

- Increased referrals through MYOB Platform (Dashboard)

- Investment in brand to attract new SMEs

- Migrate non-paying, desktop SMEs to the MYOB Platform

2 Increasing the lifetime value of each online subscriber

- Price uplift reflecting value of new functionality including AI and machine learning

- Increased usage of connected services

- ARPU benefit from mix shift online

- Improved retention

3 Increasing TAM through payments

- Growth in clients using MYOB PayDirect

- Increased per client usage of MYOB PayDirect through new payment types

- Expand Paycorp client base

4 Increasing penetration and TAM in Enterprise segment

- Increased share in Tier 3 with MYOB Advanced

- Migrate existing Tier 3 desktop clients online

- Increased TAM by providing solutions for larger (Tier 2) enterprises

5 Strategic acquisition opportunities

- Targeted acquisitions within our core business

- New investment opportunities which leverage our core business and increase TAM

SME Solutions (accounted for 62 per cent of total revenues)

SME Solutions revenue grew to $126.4 million, an increase of 12 per cent from 1H16. All SME revenue growth was organic and was driven equally by growth in the paying user base (up 6 per cent on prior year to 601,000) and ARPU up 6 per cent on prior year to $421 per year (1H16: $396).

Practice Solutions (accounted for 21 per cent of total revenues)

Practice Solutions revenue grew to $43.5 million, an increase of 2 per cent from 1H16. New licence growth was positive, driven by new client wins. Underlying subscription revenue grew by 3.5 per cent on prior year.

Enterprise Solutions (accounted for 15 per cent of total revenues)

Enterprise Solutions revenue grew to $30.6 million, up 38 per cent from 1H16, driven by underlying performance and strategic acquisitions, with the purchase of Greentree in August 2016 contributing $6.6 million of revenue in 1H17. Organic revenue was up 8 per cent on prior year, driven by continued strong uptake of MYOB Advanced, with Advanced Business sales making up more than half of MYOB ERP sales in 1H17.

Payment Solutions (new revenue reporting segment)

The acquisition of Paycorp completed on 1 April 2017 with the business now fully integrated into MYOB. Included within the 1H17 results is three months of payments revenue totalling $2.3 million. The opportunity for growth and increased TAM across the payments segment is significant, with estimated TAM from payments revenue expected to be greater than $1.2 billion, taking MYOB's total TAM to more than $3 billion.

Further information and web conference details

The MYOB market release should be read in conjunction with the corresponding 1H17 MYOB Investor Presentation and the MYOB Interim Financial Report. All documents are available on the MYOB IR website: http://investors.myob.com.au/Investors/

CEO Tim Reed and CFO Richard Moore will present the results to analysts on a conference call at 10am today. To register for the MYOB webcast, please click here http://investors.myob.com.au

Playback facilities will be available and a conference call transcript will be published on the ASX platform.

Conference call details

Conference Pin # 4181 0799
Australia Toll Free 1800 123 296
Australia Toll +61 2 8038 5221
New Zealand 0800 452 782
United Kingdom 0808 234 0757
USA 1855 293 1544

For further conference dial in details, please visit:
http://abnnewswire.net/lnk/FC6S05I6

To view tables, please visit:
http://abnnewswire.net/lnk/9APIU217

To view 1H17 Results Presentation, please visit:
http://abnnewswire.net/lnk/C230TVSR 

Investor and Analyst Enquiries
Christina Nallaiah
Head of Investor Relations
T: +61-2-9089-9122
M: +61-468-362-553
E: christina.nallaiah@myob.com

Media Enquiries
Morag MacKinnon
Financial PR Specialist
P: +61-2-9089-9295
M: +61-415-066-744
E: morag.mackinnon@myob.com
W: www.myob.com
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Otherlevels Holdings Ltd (ASX:OLV) FY2017 Results Announcement

August 23, 2017, 4:51 pm
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OtherLevels Holdings Limited ("OtherLevels") (ASX:OLV) today releases its results for the full year ending 30 June 2017.

Key Financial metrics for the period:

- Revenue of A$3.37m, a decrease of 3% over the prior period. However underlying revenue grew 9% based on constant currency exchange rates.

- EBITDA improved by $2.5m, or 39%, to a loss of $4.1m.

- NPAT improved by 29% to a reduced loss of $4.5m.

- Continued focus on cost measures, resulting in a decrease in cash operating and investing costs of 29% from A$2.7m in Q4 FY16 to A$1.9m in Q4 FY17.

- A funding facility, of A$1.35m supported by Directors announced on 4th July 2017, providing further support for operational funding.

Operational highlights

FY17 saw flat revenue growth compared to FY16, but growth of 9% based on constant currency exchange rates. Revenue from UK operations grew 15% from GBP966k to GBP1.1m with further new customer wins, whilst also growing the existing customer base.

The Australian business benefited from the investment in dedicated sales resources, evidenced by a 60% growth in revenue from A$388k to A$621k.

Due to the previously announced FY16 restructuring and cost reductions in the US, revenue from US operations decreased from US$821k to US$664k, however core customers have continued to deploy and use OtherLevels products and services.

The wagering and lotteries sector remains a core focus for the group, and during the period the Company added seven customers from this sector. This included additional customers in the UK, Europe, US and Australia. The Company will continue to target this sector as OtherLevels expertise, knowledge and reputation is recognized.

Costs per quarter decreased by 29% across the period between Q4 FY16 and Q4 FY17, with quarterly cash burn decreasing from A$1.7m to A$384,000 over the same period.

OtherLevels Funding and Capital Raising

The Company announced in December, that an amount of $1.1m was received as a placement, from an existing investor. The Company also announced that the Chairman, and CEO, had entered into a joint loan facility of A$800,000.

On 4th July 2017, the Company announced that it had put in place a two year funding facility of A$1.35m, supported by the Chairman and CEO, together with a number of sophisticated investors.

OtherLevels has also applied for a Research and Development rebate of $733,000 for the FY17 year, which should be receipted in the first half of FY18.

FY18 strategy

The core strategy of OtherLevels remains consistent with the strategy outlined previously, which is to acquire new enterprise grade clients, grow the existing client revenue base and invest in a focused set of market sectors (wagering and lotteries, and loyalty and membership). This is supported by selective partnerships such as Optimove, Amplero and enterprise marketing cloud integrations, such as Salesforce.

At the same time the Company is laser focused on achieving positive operational cash flow, and will continue with careful cost management strategies.

OtherLevels will seek to grow revenues with existing customers by:

(a) expanding message volumes as more of our customer's users engage through digital channels.

(b) growing the OtherLevels platform within the customer via additional apps, mobile web and desktop sites;

(c) adopting OtherLevels expanded product range of new message types - for example web push, as well as other new options; and

(d) providing marketing services and other value added services.

The Company's Board and management will continue to closely monitor cash flow and will adjust costs as necessary, if required, in order to ensure that OtherLevels is in the best financial position to optimise operational performance and maximise shareholder returns.

To view Annual Report to Shareholders, please visit:
http://abnnewswire.net/lnk/QWZ41H94

To view FY2017 Results Presentation, please visit:
http://abnnewswire.net/lnk/ZRO9IC2M 

Brendan O'Kane
Managing Director and CEO
E: brendan.okane@otherlevels.com

Andrew Ritter
CFO and Company Secretary
E: andrew.ritter@otherlevels.com
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FINANCE VIDEO: Oventus Medical Ltd (ASX:OVN) Financial News Network Interview

August 23, 2017, 5:00 pm
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Australian medical device company, Oventus Medical Ltd. (ASX:OVN) is pleased to share Dr Chris Hart's interview on Financial News Network.

In the interview, Dr Hart discusses Oventus' three products cleared with the US FDA and the agreement with Modern Dental Group, the largest manufacturer and distributor of dental prosthetics in the world.

To view the interview, please click the link below:
http://www.abnnewswire.net/press/en/89683/ovn 

Mr Neil Anderson
Managing Director and CEO
M: 0403 003 475
 
Kyahn Williamson
WE Buchan
P: 03 9866 4722 or kwilliamson@buchanwe.com.au
↧

Argent Minerals Limited (ASX:ARD) to Increase Zinc Inventory as LME Price Hits 10 Year High

August 23, 2017, 6:40 pm
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Argent Minerals Limited (ASX:ARD (Argent, or the Company) is pleased to provide the following strategic information in relation to the Kempfield polymetallic project.

Highlights:

- Existing Kempfield inventory includes 200,000 tonnes of contained zinc ahead of JORC 2012 mineral resource update.

- Significant resource update planned - based on extensions of up to twice the current deposit dimensions identified by recent diamond drilling.

- 10 year high reached by LME zinc spot price at US$3,143/tonne as LME zinc stocks decline to critically low levels, reflecting a material shift in supply/demand.

- USGS 2017 statistics detail the fundamental imbalances in zinc supply/demand.

- Breakthroughs in revolutionary zincair battery technology announced on 15 August 2017 by University of Sydney may place further pressure on zinc demand side - as a potential competitor to lithium-ion batteries.

In addition to 33 million ounces of silver, and 86,000 ounces of gold, the existing Kempfield JORC 2012 mineral resource includes 200,000 tonnes of contained zinc.

The Company expects its zinc inventory to benefit substantially from the planned update to the Kempfield mineral resource, following recent diamond drilling results.

About the resource update

Extensional diamond drilling at Kempfield has demonstrated lateral and depth extensions equating to approximately twice the current deposit dimensions. Any depth extension to the existing resource will comprise mostly primary material - the base metals host domain.

The existing resource, which includes 200,000 tonnes of contained zinc and 97,000 tonnes of lead (see Appendix A), will be re-estimated based on a 3D model to be constructed from the extensional drilling results and an infill drilling programme.

The anticipated upgrade to the zinc and lead components of the Kempfield project, in addition to the significant silver and the prospect of increased gold resources, means that the project is a significant polymetallic project on the Australian mining landscape.

LME zinc cash settlement price reaches 10 year high - US$3,143/tonne

The London Metals Exchange (LME) zinc cash settlement price (spot) pricing has reached a 10 year high as the Company progresses the Kempfield JORC 2012 mineral resource update.

On 21 August 2017 (London time), the LME zinc cash settlement price closed at US$3,143/tonne, with LME zinc stocks levels in decline.

LME zinc stock levels have been reducing from approximately 1.24 million tonnes in December 2012, to 247,850 tonnes at LME close on 21 August 2017, reflecting a significant shift in supply/demand.

At a global consumption rate of 13.57 million tonnes (see Note 1 below) for 2016, this equates to less than seven days of supply, a critically low level.

The following chart illustrates the reduction in LME zinc stocks and the increase in the LME zinc spot price over the five year period from 21 August 2012, reflecting the continuing market dynamics for this essential metal.

The all time high LME zinc price of $4,603/tonne was reached in November 2006, during a period of zinc supply demand imbalance.

About the underlying zinc market supply/demand fundamentals

Zinc continues to be in high demand, with approximately 60% of annual zinc production consumed by galvanising processes for protecting steel against corrosion.

As an essential element required for the growth and function of all living things, a further 17% of zinc production is employed in agriculture to ensure security of food supply.

According to the U.S. Geological Survey, Mineral Commodity Summaries published in January 2017, global zinc mine production in 2016 was 11.9 million tonnes (see Note 2 below), 7% less than that of 2015.

Zinc mine production in Australia decreased by almost 50% as a result of the closure of the Century Mine in 2015 owing to reserves depletion and temporary production cutbacks at the George Fisher and Lady Loretta Mines. In a reversal from 2015, when production exceeded consumption, the zinc metal market fell into a sizable deficit during 2016, with consumption exceeding production.

According to the International Lead and Zinc Study Group, as quoted in the USGS publication, global refined zinc production in 2016 decreased by 3% to 13.22 million tonnes, and metal consumption was essentially unchanged at 13.57 million tonnes, resulting in a production-to-consumption deficit of 349,000 tonnes of refined zinc.

Further potential demand pressure from zinc-air battery technology breakthrough

University of Sydney researchers have found a solution for one of the biggest stumbling blocks preventing zinc-air batteries from overtaking conventional lithium-ion batteries as the power source of choice in electronic devices. Published in Advanced Materials on 14 August 2017 (see Note 3 below), a paper authored by chemical engineering researchers from the University of Sydney and Nanyang Technological University of Singapore outlines a new three-stage method to overcome this problem. The following information has been extracted from the paper and an article published by Australian Associated Press on 17 August 2017.

To date lithium-ion batteries have been the conventional choice to run high-energy portable devices such as mobile phones, power tools, and electric cars but the rare metal is expensive and the batteries are plagued by safety issues due to overheating.

Zinc-air batteries have long-been thought of as a safer, cheaper and more sustainable replacement to lithium-ion. The heavy metal is one of the world's most abundant and more environmentally friendly to extract than lithium, but since zinc-air batteries were first produced in the 1930s they have only been single use, powering devices such as hearing aids.

The new recharging method increases the capacity of zinc-air batteries to store five times more energy than current models.

This makes the batteries more suited for powering electric cars and other long lasting devices.

Whilst lead researcher Professor Chen expects the technology will take time to perfect, he believes that in five to ten years it will replace lithium-ion as the battery of choice, pointing out that it took approximately 10 to 20 years to refine lithium technology and to enter the marketplace, and that the battery market is now much more competitive.

Note:

1. http://abnnewswire.net/lnk/686XUU84

2. The USGS publication notes that its references to 'tons' are metric tonnes.

3. Amorphous Bimetallic Oxide-Graphene Hybrids as Bifunctional Oxygen Electrocatalysts for Rechargeable Zn-Air Batteries, Advanced Materials ref DOI: 10.1002/adma.201701410

To view tables and figures, please visit:
http://abnnewswire.net/lnk/E78045WK 

David Busch
Chief Executive Officer
Argent Minerals Limited
M: +61-415-613-800
E: david.busch@argentminerals.com.au
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FINANCE VIDEO: Australian Potash Ltd (ASX:APC) Leading the Race to Potash Production

August 23, 2017, 8:34 pm
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Australian Potash (ASX:APC) is developing the Lake Wells Sulphate of Potash (SOP) Project in the North-Eastern Goldfields of Western Australia. The project is on track to potentially become the first producing Potash Project in Australia.

The company completed a positive Scoping Study in early 2017, which outlined a long life, low capital, Sulphate of Potash operation, initial production 150,000tpa, before doubling production to 300,000tpa in the future. The Company is currently working towards a Feasibility Study which will be released in early 2018, with project financing and development to commence later that year. First production from Lake Wells is targeted for 2020.

Analyst comment: Less than 5 years ago it was thought there was no significant potash deposits in Australia. Since that time a number of highly prospective regions were identified, which subsequently resulted in the discovery and early stage development of a number of Sulphate of Potash Projects, including Australian Potash's lake Wells Project.

Unfortunately, due to limited global demand for SOP, we believe it's unlikely all of the current Australian developers will commence production in the near term.

However due to a number of unique and critical aspects, we believe Australian Potash's Lake Wells Project is potentially ahead of their peers in the race towards production. Firstly, they have the lowest initial capital cost of the peer group, due to the significant existing infrastructure that Lake Wells can utilise. Secondly, it will be the only project to extract potash exclusively via bore field pumps (proven and tested method), whilst finally, it's the only project not subject to a native title claim, which is potentially a significant advantage given lake can be culturally sensitive areas.

The information in this email should not be the only trigger for your investment decision. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

Valuation: We initiate coverage on Australian Potash with a valuation of $0.37 / share (SP - $0.10 / share).

As always, we present our analysis differently as it is shown through a series of videos. This allows us to explain:

- Our investment, risk, peer and valuation analysis which allows us to highlight both upside and downside factors investors should be aware of;

- Review of the Potash industry, highlighting its uses, supply and demand factors as well as pricing;

- A virtual site trip to the Australian Potash's Lake Wells Project; and

- A series of management interviews where we discuss the processing method, native title and Non-binding off-take agreements with two Chinese parties.

To view the video, please visit:
http://www.abnnewswire.net/press/en/89697/apc 

Adam Kiley
TSI Capital Pty Ltd
M: +61 404 945 234
adam.kiley@tsicapital.com.au
www.thesophisticatedinvestor.com.au
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SpeedCast International Ltd (ASX:SDA) High Capacity and Distribution Services Provided to Iquitos

August 23, 2017, 10:20 pm
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Speedcast International Limited (ASX:SDA), the world's most trusted provider of highly reliable, fully managed, remote communication and IT solutions, announced today that they will be providing 500 Mbps of connectivity via satellite into Iquitos, Peru. This multi-year, multi-million dollar project has significant additional bandwidth growth potential given the demands in the region.

Speedcast will deliver network services to cellular operators and enterprise customers in areas of Peru where high performance internet is badly needed, enabling a host of latency-sensitive and bandwidth-hungry applications, as well as opening the door to new economic development. Speedcast will provide fiber-like connectivity and a high customer experience which will be supported by Speedcast's 24x7x365 global customer service centers, and local field engineering resources in the region to provide fast, reliable support at all times.

The Iquitos project is significant as it brings connectivity to the region while protecting the environment and natural resources. Other communication technologies, such as fiber, would have been more expensive to implement, taken more time and would have had a negative impact on the local rainforest.

"Speedcast is happy to deliver a new level of performance for enterprises in Peru" said Jaime Dickinson, Vice President, Speedcast Americas. "Speedcast is building the fiber, the radio links, and WiFi to extend the signal to the end users. We are especially proud of the fact that we are part of the solution to preserve natural resources in the Amazon region, while at the same time providing high speed service that promotes new economic growth in Peru. The project represents material growth for Speedcast's Enterprise & Emerging Markets business and we see opportunities to replicate this model in other parts of Latin America." 

Media Contact Information:
Toni Lee Rudnicki
Vice President, Global Marketing
Speedcast International Ltd
T: +1-832-668-2634
E: tonilee.rudnicki@speedcast.com
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FINANCE VIDEO: MYOB Ltd (ASX:MYO) CEO Tim Reed Presents the Half Year Results

August 23, 2017, 11:47 pm
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MYOB Group Limited (MYOB) (ASX:MYO), a leading provider of online business management solutions to Australian and New Zealand businesses, is pleased to announce its interim financial results for the six months ended 30 June 2017.

This video presentation is by the Chief Executive Officer for MYOB Ltd, Tim Reed.

Highlights

- Australia and New Zealand leadership position continues to strengthen

- Strong financial performance driven by revenue growth from accelerating online subscriber growth and improved customer lifetime value

- New payments segment unlocks $1.2 billion Total Addressable Market (TAM)1, increasing MYOB's total TAM opportunity to more than $3 billion

- MYOB's Connected Practice vision is leading the path of digital transformation amongst SMEs and their Advisers, and driving new client wins

- Positive trajectory continues, with FY17 revenue growth rate expected to be within the 13% - 15% range; EBITDA margin guidance narrowed to 45% - 46% range

- On-market share buy back of up to 5% of issued capital over the next 12 month period

To watch the video, please visit:
http://www.abnnewswire.net/press/en/89702/myo 

Investor and Analyst Enquiries
Christina Nallaiah
Head of Investor Relations
T: +61-2-9089-9122
M: +61-468-362-553
E: christina.nallaiah@myob.com

Media Enquiries
Morag MacKinnon
Financial PR Specialist
P: +61-2-9089-9295
M: +61-415-066-744
E: morag.mackinnon@myob.com
W: www.myob.com
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Search

Image Resources NL (ASX:IMA) Independent Research Report

August 24, 2017, 3:19 pm
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Image Resources NL (ASX:IMA) (OTCMKTS:IMREF) ("Image" or "the Company") is pleased to announce that Breakaway Research has completed an independent research report on the Company.

As disclosed in the research report, Breakaway Research were commissioned by Image to prepare the report.

To view the research report, please visit:
http://abnnewswire.net/lnk/ENA842O5 

Patrick Mutz
Managing Director
T: +61-8-9485-2410
E: info@imageres.com.au
www.imageres.com.au
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DroneShield Ltd (ASX:DRO) Appendix 4D - Half Year Report

August 24, 2017, 4:01 pm
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The Directors present their report for DroneShield Limited (ASX:DRO) (OTCMKTS:DRSHF) (the "Company") and its controlled entities ("the Group") for the half-year ended 30 June 2017.

Business Overview

Based in Sydney, Australia and Virginia, USA, DroneShield is a worldwide leader in drone security technology. The Company has developed and continues to develop security solutions that protect people, organisations and critical infrastructure from intrusion from commercial/consumer grade drones.

The Company's unique products use proprietary software and hardware to detect drones in a combination of radar, radio frequency (RF), acoustic, optical camera and thermal camera based systems and instantly alert users in real-time through multiple channels ensuring any potential threats can be addressed, and interdict drones using radio frequency (RF) jamming.

Historically, the Company relied on acoustic detection in its detection products. During the period to 30 June 2017, in response to end-users' requirements, the Company commenced transitioning from its single-method (acoustic) detection to multiple-method detection products.

The Company's product lines currently include the following:

- DroneGun - a portable tactical rifle drone jammer;

- DroneSentinel - a multi-sensor (radar, RF, acoustics, optical and thermal camera) drone detection system; and

- DroneSentry - an integrated detect-and-defeat system, combining the DroneSentinel module with an RF jammer.

The Company made several sales during the half year period totalling $225,343. While these revenues have not been material, the sales made by the Company are important as they illustrate the increased need for drone security systems globally and the increased acceptance of DroneShield as a leader in the industry, capable of delivering an immediate working and cost-effective solution to its end users.

DroneShield's in-house and distributor salesforce continued to progress a large number of opportunities, with several orders in advanced stages, including participating in a number of government procurement processes, the outcome of which is expected be determined in calendar year 2017.

Key achievements for the period included:
- High profile customer deployments of the Company's acoustic detection product including office of the Prime Minister of Turkey, deployments by the Swiss Police for the World Economic Forum in Davos, the military of a G7 country, and orders by Asian and European security integrators.

- A number of demonstrations and trial deployments performed or scheduled to be performed in near term, to potential customers at a number of venues. This included militaries of a number of countries globally, including a scheduled demonstration for the United States Department of Defense in September.

- Consistent with the requirements of potential end-users, DroneShield continued its product development activities, including the development of DroneSentinel (multi-method detection product) and DroneSentry (multimethod detect and defeat product), announced shortly after half-year end.

- Protecting Boston Marathon for third year in a row in April 2017, working with the Boston Police Department.

- Expansion across executive, sales, operations, research and development and support teams with appointments in each of these areas.

- The Company appointed Cassidy & Associates, Inc. ("Cassidy"), a pre-eminent Washington, DC government relations firm, whereby Cassidy is advising the Company on contracting with U.S. government agencies, contracts in connection with U.S. federal government budgetary allocations, as well as on other U.S. federal government relations matters.

- DroneShield moved into new and larger premises in Vint Hill, Virginia, consolidating two existing U.S. sites into a single location. The new site allows for effective customer demonstrations, with a dedicated control room simulating customer experience for the demonstrations.

- DroneShield was awarded two additional patents and one allowed application (expected to be shortly converted into an additional patent) by the United States Patent and Trademark Office. The patents relate to acoustic detection of drones.

- The overall government and civil infrastructure demand for drone detection and mitigation products continued to increase, against the backdrop of nearly daily barrage of news about drone threats. In particular, ISIS has released a number of videos depicting weaponised consumer drones attacking military and civilian targets.

- DroneShield was recognised as one of Westpac's top 20 'Businesses of Tomorrow'.

- The Company continued to attract very substantial positive publicity, with hundreds of articles and news items covering DroneShield globally.

To view the full report, please visit:
http://abnnewswire.net/lnk/JP6753Y9 

Oleg Vornik
CEO and Managing Director
Email: oleg.vornik@droneshield.com
Tel: +61-2-9995-7280
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Venus Metals Corporation Limited (ASX:VMC) Youanmi Gold Project High-Grade Gold at Pincher Hill

August 24, 2017, 5:13 pm
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Venus Metals Corporation Limited (ASX:VMC) is pleased to announce that a historical data review and target generation program has identified three highly prospective gold targets within VMC Youanmi tenements E57/986, E57/1019 and E57/985.

HIGHLIGHTS

- Venus Metals Corporation ('Venus') controls 26km of highly prospective gold stratigraphy along the highly mineralised Youanmi Shear Zone, on the Youanmi Greenstone Belt in Western Australia

- Exploration targeting has identified five significant gold prospects, the first three targets being within the Pincher Hill area, with an additional two gold targets at Youanmi North (see Figure 1 in the link below)

- High-grade gold ('Au') has been intersected in a number of drill holes completed by previous explorers at Pincher Hill including:

PWP 577 (2) 6m @ 11.15 g/t Au from 36m
Incl. 2m @ 23 g/t Au from 38m

PWP 393 (3) 3m @ 10.43 g/t Au from 56m

PW 096 (1) 1m @ 26.3 g/t Au from 5m
and 2m @ 18.45 g/t Au from 16m

PW 026 (1) 2m @ 6.0 g/t Au*

PW 0062 (2) 2.71m @ 5.60g/t Au from 128.78m

- These high-grade gold intersections have yet to be followed up and tested utilising modern exploration methods

- Pincher Hill is located between the Youanmi Gold Mine (667,000 oz @ 5.4 g/t Au) and high-grade Penny West Gold Mine (150,000 oz @ 22 g/t Au) discovered in 1990 - the mineralised zone at Penny West occurs in a quartz vein commonly less than 3m wide

- These highly prospective gold targets provide a major extension to the exploration work currently being conducted at Pincher Well Zinc Project

- These high-grade gold targets identified at Youanmi, including Pincher Hill, are interpreted to occur on structural splays from the main Youanmi Shear, similar to that hosting the high-grade Penny West gold deposit

- Venus is planning an aggressive exploration programme to test these high-grade gold targets including IP, EM and RAB /RC drilling.

2.0 Youanmi Shear Zone Gold Mineralisation

The Youanmi Shear Zone is located 600km north-northeast of Perth and forms part of Venus Metals Corporation Ltd.'s ('Venus') Youanmi gold & base metal project. The Venus tenements, E57/986, E57/1019 and E57/985 cover the 26km of the Youanmi Shear Zone. This highly prospective, goldrich, structural trend runs entirely within the Venus tenement package, on the Youanmi Greenstone Belt in the Yilgarn Craton of Western Australia. The Youanmi region is well serviced by significant infrastructure associated with historical mining operations in the region including those at Windimurra, Youanmi and Sandstone.

3.0 High-Grade Gold Targets

Historically the Youanmi Pincher Hill area was explored for base metals by Newmont, WMC, and BHP in 1980s and in the 1990 Eastmet discovered the Penny West Gold Mine.

The historical data review had identified three major highly potential gold targets (Pincher North, Pincher Hill and Pincher South) at Pincher Hill and two additional gold targets (Youanmi North 1 & 2) within the Venus Youanmi tenements E57/986, E57/1019 and E57/985 respectively (see Figure 1 in the link below). All the historical drill holes with more than 1 g/t Au are presented in Figures 2 & 3 (see the link below) and Table 1 (see the link below).

These significant exploration targets lie between the main Youanmi Mine in the North (which has historical production of 667,000 oz gold at 5.4 g/t, from both open pit and underground operations) and the high grade Penny West mine in the south (historical production of 150,000 oz gold at 22 g/t open pit). These high-grade mines occur in structural splays coming off the main Youanmi Shear Zone, and are associated with quartz-rich, sulphide alteration zones.

The Youanmi Gold Deposit was discovered in outcrop, with 667,000 oz being mined between 1908 and 1997. The present owners of the Youanmi Gold Mine report existing underground resources totalling 2.4 Mt grading 8.5 g/t Au, for an additional 659,000 oz Au.

The Penny West Mine was a 'blind discovery' and found in 1990 by a combination of soil sampling and deep RAB drilling down to more than 50m. The 150,000 oz from 200,000 t of ore was produced from below 50m depth in a narrow quartz-sulphide vein, commonly less than 3m thick.

3.1 Pincher North Prospect

Pincher North is 1.5 km long and 400 metres wide geochem gold anomaly overlies a northsouth trending fault. Best historical drillhole intersections above 1g/t gold with no further follow up drilling, were

*PW0026 (1) 2 m @ 6.0 g/t Au (depth of intersection not provided)
PWP505 (1) 2 m @2.06 g/t Au from 26 m
PWP533 (1) 2 m @ 1.0 g/t Au from 20 m
PWP521 (1) 2 m@ 1.7 g/t Au from 38 m

The top 10 to 20 metres of these drill holes were not assayed for gold (Wamex Report A66606).

3.2 Pincher Hill Prospect

In the Pincher Hill area, 1984 drilling showed high grade gold values of 6m @ 11.15g/t Au from 36m (including 23g/t Au over 2m from 38m) occurring beneath laterite cover in RAB holes drilled in 1984 at Pincher Hill area, which is half way between the Youanmi mine and Penny West. This intersection is within a 400m by 150m geochemical anomaly that is open along strike and at depth.

Best historical drillhole intersections within Pincher Hill area above 1 g/t of gold are

PWP0577 (2) 6m @ 11.15g/t Au from 36m
Including high-grade Au values up to 23g/t Au over 2m from 38m

PWP0576 (2) 2m @ 1.19g/t Au from 36m

PWP0393 (3) 3m @ 10.43g/t Au from 56m
Including 12.8g/t Au from 56-58m

PW0062 (2) 2.71m @ 5.60g/t Au from 128.78m
Including 1m @ 12.10g/t Au from 130.49m

In 1984, geological knowledge of structural gold settings at Youanmi was limited and there is no record of any follow up work having been undertaken. In addition rock chip sampling at the southern extension of the BIF target at Pincher Hill has recorded three samples with high-grade gold values including 63.1 g/t, 17.2 g/t, and 3.34 g/t. No drilling has been carried out over the rock chipped area or to the southern extension of the BIF (Wamex report A66606).

3.3 Pincher South

At Pincher South, three historical RC drillholes were drilled in an area where 4 BIF rock samples returned gold values of 14.9 g/t, 8.2 g/t, 3.41 g/t and 0.63 g/t Au. PW96 (1) intersected 1 m @ 26.3 g/t of gold at 5m depth with a further 2 meters @ 18.45 g/t of gold at 16 metres depth and other holes (PW 106 and PW0107) recorded anomalous gold values >0.4 g/t over 1 metre intervals. The extension of the BIF (1,200 x 500m) had no follow up drilling.

Apart from these results, other historical drill holes with gold intersections >1g/t Au towards south-west of Pincher North within E57/1019 are PW6 (4) 1m@ 3.42g/t Au from 139.5m and PW9 (2) 0.15m @1.38g/t Au from 63.15m. Recent Venus exploration drilling, targeting base metals (south-west of Pincher North), also encountered gold >1g/t in three RC drill holes, including:

VPW 64 1m@1.03g/t Au from 102m
VPW 66 1m@1.05g/t Au from 130m
VPW 42 1m@1.68g/t Au from 80m (refer Table 1 in the link below and VMC ASX release 27 April 2017)

3.4 Youanmi North Prospects 1 & 2

Additional gold targets at Youanmi North are located between 3 and 4km north of Youanmi Gold Mine and are located within, and adjacent to, the Youanmi Shear Zone. The Youanmi North 1 area hosts historic surface samples with recorded Au values of 29.06 g/t (Wamex A69231), 7.09g/t and 3.02g/t (Wamex A88022).

The best intersections, >1g/t Au, in historical drill holes are

Youanmi North 1: YUR391 (5) 8m @ 1.31 g/t Au form 48m including
4m@1.98g/t Au from 48m

Youanmi North 2: YUR044 (6) 4m@1.85g/t Au from 16m including
1m @ 3.11g/t Au from 19m

4. Conclusion

- In addition to the above Pincher Hill targets, the majority of the 26 km shear zone is covered by alluvium and hardpan cover and has been subject to minimal historical exploration.

- The gold exploration at Youanmi provides a major extension to the exploration work currently being conducted by Venus for Zinc at the Pincher Well VMS project

- Further exploration with modern techniques is also expected to outline additional and exciting new gold targets within the highly prospective Youanmi Gold tenements of Venus.

- The Company is planning an aggressive exploration programme on these high-grade gold targets including IP, EM and RAB /RC drilling.

Bibliography

(1) WAMEX Report A66606, 2003, Pincher Hill Project Annual Report, Snowpeak Nominees Pty Ltd

(2) WAMEX Report A16704, 1985, Gold Exploration in E57/23 Pincher Well, BHP

(3) WAMEX Report A16703, 1985, Mapping and Bedrock Geochemistry PW62-PW17 Area Pincher Well, BHP

(4) WAMEX Report A42431, 1994, Pincher Mapping Project Progress Report, Gold Mines of Australia Limited

(5) WAMEX Report A76122, 2007, Annual Report, La Mancha Resources Australia Pty Ltd (formerly Mines and Resources Australia Pty Ltd)

(6) WAMEX Report A97579, 2013, E57/524 Final Surrender Report, Empire Resources Ltd

To view tables and figures, please visit:
http://abnnewswire.net/lnk/4364YP95 

Matthew Hogan
Non-Executive Chairman
T: +61-8-9321-7541 

Kumar Arunachalam
Chief Executive Officer
T: +61-8-9321-7541
Fax: +61-8-9486-9587
E: info@venusmetals.com.au
↧

FINANCE VIDEO: Regeneus Ltd (ASX:RGS) Interview with John Martin on Progenza and the Platform Technology

August 24, 2017, 5:15 pm
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Regeneus Ltd (ASX:RGS) CEO John Martin talks on the release of the financial results following the company's significant progress with Japanese partner Asahi Glass Ltd (AGC) (TYO:5201)

John Martin talks about the successful Progenza STEP trial and the granting of a Japanese patent for the company's platform technology.

Milestone payments made for the technology has moved the balance sheet into postitive revenue as the company prepares for licensing in Japan, with expectation of flow through licensing in other countries to follow.

Regeneus Ltd will be presenting to the BioJapan 2017 Conference in Yokohama from October 11 to October 13. To visit the conference website, please visit:
http://www.ics-expo.jp/biojapan/en/

To view the video interview, please visit:
http://www.abnnewswire.net/press/en/89647/rgs 

Sandra McIntosh
Investor Relations
T: +61-2-9499-8010
E: investors@regeneus.com.au
W: www.regeneus.com.au
↧

SpeedCast International Ltd (ASX:SDA) 2017 First Half Results Presentation

August 24, 2017, 6:05 pm
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0
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Speedcast International Limited (ASX:SDA), the world's most trusted provider of highly-reliable, fully-managed, end-to-end remote communication and IT solutions, will announce its financial results for the half year ended 30 June 2017 on Tuesday 29th August 2017 at 10am Sydney time.

Investors and analysts are invited to join a teleconference call hosted by CEO, PJ Beylier & CFO, Ian Baldwin. The call will be a presentation of the 2017 First Half Year results followed by Q&A.

Conference call details are as follows:

- Time: 10.00am (Sydney time), Tuesday 29th August 2017

- Hosts: CEO, PJ Beylier & CFO, Ian Baldwin

Dial-In Details (Participant passcode: 7428 4856 #):

Australia: 1800 123 296 / +61 2 8038 5221
HK: 800 908 865
UK: 0808 234 0757
Singapore: 800 616 2288
India: 1800 3010 6141
USA: 1855 293 1544
New Zealand: 0800 452 782
Canada: 1855 5616 766
China: 4001 203 085
Japan: 0120 477 087 

Investor Contact Information:

Ian Baldwin
Chief Financial Officer
E: Ian.Baldwin@speedcast.com
T: +61-432-680-746
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