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Asia Business News

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    Emmerson Resources Limited ("Emmerson") (ASX:ERM) (OTCMKTS:EMMRF) is pleased to announce the first gold pour from the Edna Beryl Mine in the Northern Territory (see figures 1 & 2 in link below). The gold comes from the 90m Level development drive and is covered under a Tribute Mining Agreement with the Edna Beryl Mining Company (EBMC). EBMC, specialist small scale miners, are responsible for the mining and processing of ores only within the Tribute Area (anything outside of the Tribute Area remains 100% Emmerson).


    - First gold pour from the new high-grade Edna Beryl Gold Mine in the NT

    - First 1200t of development ore averages +35g/t gold

    - Mining and Production from Edna Beryl via a Tribute Agreement with the Edna Beryl

    Mining Company

    - Full scale mining within the designated Tribute area expected to commence in early 2018

    - Three gold bars produced from recovery of gold at the Warrego Mill

    The Tribute Agreement with the Edna Beryl Mining Company provides Emmerson with a number of advantages including:

    - A risk-free income stream from non-core assets via a royalty agreement that is proportional to the final amount of extracted gold and Emmerson's equity in the Tennant Creek Mineral Field JV (which is currently 100%).

    - Future access to underground workings enabling near mine exploration; and

    - The opportunity to monetise other non-core assets within its extensive tenement holdings, subject to formal agreements being executed.

    Assay results from underground sampling of the 90m Level development drive at Edna Beryl East correlates well with the grades of +35g/t gold from bulk sampling of the mined ores on the ROM pad. Providing these grades are representative of the overall head grade, Edna Beryl will become one of the highest-grade gold mines in Australia. Furthermore, recent drilling outside of the Tribute area suggests significant extensions to the high-grade gold that will be further investigated by underground drilling in 2018 (see Figure 3, 4 & 5 in link below).

    Interim processing of the ore is being conducted by the EBMC at the Tennant Creek Battery and once fullscale mining commences in early 2018, through a portable mill.

    Edna Beryl West and extensions represent the third discovery by Emmerson (and partners) of high grade, hematite-chlorite hosted gold and copper-gold mineralisation. It validates our science based approach to exploration through ushering in a new generation of deposits that have remained largely undetected by previous explorers.

    In addition, Emmerson has commissioned the recovery of residual gold from its 100% owned Warrego Mill. To date this has yielded 230ozs of gold - with a further ~11kg of gold dore yet to be delivered to the Perth Mint. Emmerson is entitled to 25% of all the gold from this process.

    Emmerson's Managing Director, Mr Rob Bills commented: "The commencement of production at Edna Beryl is a pivotal step since Emmerson began exploration in the Tennant Creek Mineral Field in 2008. It not only provides a revenue stream but establishes a template for unlocking value in many of our other projects contained within our extensive, 2,800km2 tenement package. We believe this "tribute style of agreement" maximises value and mitigates risk whilst providing great insights for our near mine and regional exploration programs. As we know, small mines can often grow into big mines!"

    About Tennant Creek and Emmerson Resources

    Emmerson is a leading gold and copper gold explorer with projects in the Northern Territory and New South Wales and is led by a board and management group of experienced Australian mining executives including former MIM and WMC mining executive Andrew McIlwain (non-executive chairman), and former senior BHP Billiton and WMC executive Rob Bills (Managing Director and CEO).

    The Northern Territory projects are centred around the Tennant Creek Mineral Field (TCMF), which is one of Australia's highest grade gold and copper fields producing >5.5 Mozs of gold and >470,000 tonnes of copper from a variety of deposits including Gecko, Orlando, Warrego, White Devil, Chariot and Golden Forty, all of which are within Emmerson Resources' (ASX:ERM) exploration and joint venture portfolio. Emmerson's track record of discovery includes copper and gold mineralisation at Goanna, Monitor, Mauretania and more recently, the discovery of very high-grade gold at Edna Beryl - the first discoveries in the TCMF for over a decade.

    Emmerson holds 2,800 km2 of ground in the TCMF, owns the only gold mill in the region and is in the process of monetising a pipeline of small high-grade exploration targets via a Tribute Agreement with a specialised small mines company. The first of these small mines, Edna Beryl, saw development completed in 2017.

    Exploration in the TCMF is funded via a Farm-in agreement with Evolution Mining Limited (ASX:EVN), where Evolution is sole funding exploration expenditure of $15 million by 31 December 2017 to earn a 65% interest (Stage 1 Farm-in). Evolution can then sole fund a further $10 million over two years to earn an additional 10% (Stage 2 Farm-in). Emmerson is the operator and manager during the Stage 1 Farm-in.

    Emmerson has recently commenced exploration on new gold-copper projects in NSW, identified (with our strategic alliance partner Kenex Limited - from the application of "big multiple independent datasets" - aimed at increasing the probability of discovery through enhanced predictive capability (particularly important in covered terrains). The highly prospective Macquarie Arc hosts >80Mozs gold and >13Mt copper but with these resources heavily weighted to areas of outcrop or limited cover. Emmerson's five exploration projects cover some 1,500 km2 of Macquarie Arc rocks and contain many attributes of the known deposits but remain under explored due to historical impediments, including overlying cover (plus farm lands) and a lack of exploration focus. Kadungle is an option (and potential JV) with Aurelia Metals covering 43km2 adjacent to Emmerson's Fifield project.

    To view tables and figures, please visit:

    Investor Enquiries:
    Mr. Rob Bills
    Managing Director & Chief Executive Officer
    T: +61-8-9381-7838

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    Envirosuite Limited (ASX:EVS) ("the Company") is pleased to advise that, further to the ASX announcement released 8 December 2017, the Superior Court of Canada has now approved the transaction for the Company to acquire the assets of Odotech Inc from the Trustee in accordance with the asset purchase agreement.

    A company presentation detailing the transaction will be released to the ASX on 21 December 2017.

    EnviroSuite Limited
    T: +61-7-3004-6400

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    Mithril Resources Ltd ("Mithril") (ASX:MTH) wishes to advise that it has received firm commitments to raise $641,218 (before costs) through a share placement pursuant to Section 708 of Corporations Act (Cth).

    - Firm commitments received to raise $0.64M through a Share Placement with funds to expedite EM geophysics and drill testing of the high grade Kurnalpi nickel-cobalt prospect

    - Work program commencing second half of January 2018

    The proceeds of the share placement will be used to underpin exploration of the high grade Kurnalpi nickel-cobalt prospect (located 70 kilometres east of Kalgoorlie, WA) and provide for working capital.

    EM geophysics will commence in late January with drilling to follow to test an area of strong nickel-cobalt intersected in previous drilling at Kurnalpi (see Mithril's ASX announcement dated 12 December 2017).

    The placement, comprising 24,662,253 fully paid ordinary shares at an average issue price of $0.026 (2.6 cents) per share, is being made to sophisticated investors eligible under section 708 of the Corporations Act (Cth).

    The placement will be issued in accordance with the Company's available 25% placement capacity, with [14,797,352] shares to be issued at $0.023 per share pursuant to ASX Listing Rule 7.1 and [9,864,901] shares to be issued at $0.031 per share (which represents a 25% discount to the 15-day trading VWAP to 18 December 2017) pursuant to ASX Listing Rule 7.1A. The new shares will rank equally with existing Mithril ordinary shares quoted on the ASX.

    Completion of the placement and receipt of the funds is expected to occur on or around Friday 29th December and the Company will make an application to the ASX for listing of these securities.

    Mithril Resources Ltd
    David Hutton
    Managing Director
    T: +61-8-8132-8800
    F: +61-8-8132-8899

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    Argent Minerals Limited (ASX:ARD) (Argent, or the Company) is pleased to report the completion of the heavily oversubscribed private placement announced on 13 December 2017. The private placement to sophisticated investors raised $1.2 million before costs (Placement).


    - Argent cash at bank boosted to approximately $2.6M following completion of heavily oversubscribed placement and receipt of $693,748 R&D claim funds.

    - Private placement at 3.0 cents per share raised $1.2 million before costs.

    - Placement includes $0.10 ASX ARDO listed options expiring 27 June 2019.

    - Proceeds to fund advancement of Argent's top three projects and provide working capital as the new board also pursues the potential for value accretive acquisitions.

    Argent's cash at bank has been boosted to $2,590,434 following the receipt of $693,748 in R&D claim funds announced 14 December 2017 and the addition of Placement funds before costs.

    40,000,000 new fully paid ordinary shares will be issued today (Placement Shares) and 40,000,000 attaching listed ASX ARDO options on a 1:1 basis (Placement Options).

    Each Placement Option will be exercisable at 10.0 cents at any time on or before 5 pm AEST (3pm AWST) on Thursday 27 June 2019 to acquire 1 fully paid ordinary share in the Company.

    The Placement Shares and Placement Options will be issued under the Company's existing capacity under ASX Listing Rules 7.1 and 7.1A as follows:

    Under LR 7.1 capacity - 21,971,561 ordinary shares and 40,000,000 listed options;

    Under LR 7.1A capacity - 18,028,439 ordinary shares.

    Purpose of the Issue

    Proceeds of the Placement will boost Argent's cash position as the Company advances exploration work throughout its Kempfield silver/gold/lead/zinc project (Argent 100%), the West Wyalong porphyry copper-gold project (Argent 77%, right to earn up to 90%) and the Loch Lilly porphyry copper-gold project (51% imminent, right to earn up to 90%).

    New projects

    Together with the management team, the new board will leverage its expertise to pursue other projects to complement its significant existing base and precious metal project portfolio, and to re-evaluate and adjust project priorities to enhance Company value.

    David Busch
    Chief Executive Officer
    Argent Minerals Limited
    M: +61-415-613-800

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    Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") is pleased to advise a further appointment to the Central Board. Mr Timothy Woodall has agreed to join Central as a Non-Executive Director. Mr Woodall's appointment follows the appointment of Dr Sarah Ryan and Martin Kriewaldt and further compliments the current Board of Directors. Collectively with the already announced planned departure of Rob Hubbard in the first half of 2018 these appointments complete the commitment to renew the Central Board.

    Mr Woodall's career in the oil and gas industry has traversed senior roles in investment banking, mergers and acquisitions, business development and leading one of Australia's most highly regarded technical consulting firms. Timothy is a Fellow of the Australian Society of Certified Practicing Accountants, Graduate of the Australian Institute of Company Directors and a director of FAR Limited.

    Robert Hubbard, Chairman of Central said, "I am delighted to welcome Tim to Central. Tim has an envied reputation in the oil and gas industry and his recent experience with Miro and RISC will be very valuable to Central in the coming years".

    To view a resume summary of Timothy Woodall, please visit:

    Central Petroleum Limited
    T: +61-7-3181-3800
    F: +61-7-3181-3855

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    Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to advise that Independent Investment Research ("IIR") has a released an updated research report on the Company titled "Solid Progress On All Fronts - Update December 2017". The Company commissioned IIR to write this research report. IIR is an independent investment research house based in Australia and the United States.

    To view the report, please visit:

    Chief Executive Officer
    Phone: +61-7-3369-7058

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    Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to provide an update on the progress of the Phase 3 drilling program at the Authier lithium project in Quebec, Canada.

    The initial focus of the drilling program was collecting up to 5 tonnes of drill core for a pilot metallurgical testing program. Seven holes totalling 770 metres have been completed representing approximately 4.5 tonnes of diamond core sample. The sample has been supplemented with existing core and sent to SGS Lakefield for the pilot program that will commence in early 2018. The pilot program data will be used for inputs into the process plant design for the Definitive Feasibility Study ("DFS").

    The aim of the drilling for the pilot metallurgy sample was to collect a sample representative of the deposit grade and mineralogy. Twin holes 17-35 and 17-36 have demonstrated the strong consistency of the coarser grain spodumene mineralisation at shallow levels within the deposit - see figures 1 to 3 in link below.

    Following the Christmas break, the drilling will re-commence with objectives, including:

    - Infill definition drilling within the main resource zone where the mineralisation is not as well defined and is currently treated as waste. This has the potential to reduce the life-of-mine waste to ore ratio;

    - Potential expansion of the northern pegmatite zone where a small JORC Mineral Resources was defined as part of the Optimised Pre-Feasibility Study (see ASX release, Authier JORC Mineral Resource Update, 11th December 2017) - see Figure 4 in link below; and

    - Drilling at depth and within the eastern and western sectors at shallow levels to provide better definition and potential expansion of the orebody (see Figure 5 in link below).

    Corey Nolan, Chief Executive Officer, commented "The Company's objective is to expand the size of the Authier resource and reserve during the continuation of the drilling in 2018. This would significantly enhance the positive economics demonstrated in the recently announced Optimised Pre-Feasibility Study. All of the new drilling data will be incorporated into the resource models for the DFS which is expected to be completed in the second quarter of 2018".

    To view figures, please visit:

    Corey Nolan
    Chief Executive Officer
    Phone: +61-7-3369-7058

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    Big Un Limited (ASX:BIG) (or 'the Company') is pleased to announce that it has agreed to a strategic marketing partnership arrangement with US-based Zeta Global (Zeta). Named one of the 50 Most Promising Private Companies in America in 2014 by Forbes, Zeta is recognized as a market leader in data analytics, marketing database management and channel market automation technology and has a database of more than 1.1bn individuals. The partnership arrangement encompasses the use of Zeta's Marketing Cloud to enable acquiring new BIG clients, driving users to BIG properties and the sharing of signal data in key verticals including travel & hospitality and health & beauty. The partnership also provides BIG with the use of exclusive Artificial Intelligence models across all three pillars of BIG's business model covering B2B2C. As part of the agreement, BIG will take control of a beauty publishing platform for a nominal fee (US$1) in exchange for a data sharing arrangement.

    Zeta Global

    Founded by David A. Steinberg and John Sculley (former CEO of Apple Computer and Pepsi-Cola) in 2007, Zeta is a data-driven marketing technology innovator whose SaaS-based Marketing Cloud and People-based Data Cloud helps 500+ Fortune 1000 and Middle Market brands acquire, retain and grow customer relationships. The Company's highly-rated ZetaHub technology platform has been recognized in Gartner's Magic Quadrant for Digital Marketing Hubs (February 2017) and in its Magic Quadrant for Multichannel Campaign Management (April 2017) competing with offerings from Oracle, IBM, Salesforce and Adobe. Operating on four continents with more than 1,300 employees, the company is headquartered in New York City, with Centers of Excellence in Silicon Valley, Boston, London, and Hyderabad, India.

    Zeta recently raised $140m series F funding through GPI Capital and Blackstone's GSO Capital. Last week, Zeta announced the successful acquisition of Disqus, a global publishing platform that powers more than 4 million global publishers who host more than 2 billion visitors per month. Co-founder John Sculley recently gave an overview via on how he sees the digital advertising landscape changing and how he feels Zeta is now uniquely positioned to challenge Google and Facebook.

    Partnership Details

    Regarding the partnership with BIG, David Steinberg, Zeta's CEO, said "Zeta's goal is to help marketers acquire more customers, keep the ones they have for longer and grow their value. Zeta typically works with enterprises directly, but we also have partnerships with top tier organisations like BIG that have unique assets & capabilities that are complementary to ours." Steinberg added, "I am so impressed with the BIG platform, its exceptional management team and of course, their video content. We believe this exclusive marketing arrangement will be mutually beneficial to the companies and our stakeholders."

    As part of the partnership arrangement, BIG will take control of for US$1. BIG already has a strong B2B hair and beauty publishing presence in Australia following its acquisition of BHA Media Ltd earlier this year. has a database of more than 1m global consumers and receives around 140,000 unique visits per month. Inclusion of into the BIG publishing stable completes BIG's B2B2C video marketing offering positioning the Company to potentially dominate the digital video sector for beauty and lifestyle.

    Artificial Intelligence (AI)

    In July of this year, Zeta Global acquired Boomtrain for approximately US$40m. Boomtrain is a machine-learning centric marketing platform that is able to apply Artificial Intelligence (AI) in order to utilise and deliver appropriate video marketing content to consumers on behalf of advertisers. When combined with access to BIG's 150TB video content library, BIG will be able to offer its SME and advertising/sponsorship clients disruptive video marketing benefits. The paring of Zeta's global data base with state of the art AI and BIG's large SME video content library and Autogen technology will allow BIG to market "never seen before" video technology marketing services.

    Strategic Benefits

    The Company has leveraged its first mover advantage and achieved a strong presence in Australia by successfully capitalizing on both organic demand for video and through its aggregation and acquisition strategies. Partnering with Zeta Global provides strong strategic benefits that include:

    - The pairing of Zeta's strong front end digital marketing capabilities with BIG's unique front end video content marketing

    - The ability to offer the above pairing of services to an audience of 1.1bn

    - Strong US presence and digital marketing support

    - Reduction in the cost of SME acquisition (pillar one)

    - Significant advertising and sponsorship opportunities (pillar two)

    - Speed of on boarding large volumes of BIG platform and mobile app users (pillar three)


    US Partnership To Boost Expansion

    The Company's global expansion strategy focuses on identifying and securing strong strategic partnerships. BIG's management team anticipate accelerated US market penetration and brand recognition provided by its strategic partnership with Zeta Global over the next 12 months. Further updates relating to Zeta Global will be provided in January 2018.

    Richard Evertz CEO of Big Un Limited says "We have established the worlds first social media video review platform. Our unique business model although still in its infancy, is gaining strong traction in Australia and the US. Obviously, the US represents a huge market opportunity for BIG however, the challenge of engaging SME's and consumers en masse is no small task. I am therefore incredibly excited by the transformative nature of this agreement. Zeta, its management team, its global capabilities and digital marketing muscle place it in a league of its own. This partnership completes a momentous 2017 for BIG and we are honored that Mr.Steinberg and his team have identified and acknowledged the true global potential of BIG by partnering with us. We are extremely confident that we will on board over 50k SME's in the calendar year 2018 through this partnership alone".


    Zeta is a data-driven marketing technology company that helps brands acquire more customers, keep the ones they have for longer and grow their value. Zeta creates personalized customer experiences by leveraging first party data, artificial intelligence and award-winning technology that drive better outcomes for marketers. Founded by David A. Steinberg and John Sculley (former CEO of Apple Computer and Pepsi-Cola) in 2007, Zeta has more than 1,300 professionals operating out of 25 offices across the globe. Zeta is headquartered in New York City, with Centers of Excellence in Silicon Valley, Boston, London, and Hyderabad, India. Zeta recently raised $140m series F funding through GPI Capital and Blackstone's GSO Capital.

    Corporate Enquiries
    Sonia Thurston
    Executive Director

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    WiseTech Global (ASX:WTC) today announced two acquisitions of European customs solutions providers, both headquartered in Dublin. ABM Data Systems, a leading developer and provider of customs clearance solutions accredited for the UK, Belgium, Ireland, the Netherlands, Switzerland, Sweden and Germany, and CustomsMatters, the leading customs solution provider in the Republic of Ireland and Northern Ireland.

    ABM Data provides advanced solutions across customs clearance, bonded warehouse and point of delivery management. ABM Data customers include Expeditors, UPS, DSV, Yusen, JAS, Tigers, Heavey RF, and many other exporters, customs brokers, freight forwarders, distributors and logistics service providers.

    CustomsMatters provides e-customs solutions through its cloud-hosted customs compliance platform, myCustoms, and customs brokerage and consulting services to customers including DHL, UPS, OAG Cargo, SwissPort, WFS, Aramex, Sisk Healthcare, G&J Distillers, Dairygold, Geodis and many other organisations and logistics providers.

    WiseTech Global CEO, Richard White, said "With the potential for increased complexity as Brexit and EU trade changes evolve, WiseTech's ability to provide deeply integrated customs clearance solutions ultimately reduces risk and costs while improving productivity, security and compliance at the borders. Together, these transactions provide WiseTech with market leadership and execution ability across Ireland and further insights into European customs - a key foundation for the challenges ahead. Regardless of 'hard borders', or how 'frictionless trade' plays out, our speed to market for automated and integrated customs solutions and highly scalable capacity will ensure we can help logistics providers across Europe meet the regulatory challenges and exponential volume growth to come."

    "Customs clearance management needs rich software, effective integration and a deep understanding of regulatory requirements to enable on-time, on-budget, accurate compliance. As volumes, complexity and compliance requirements increase across the global supply chain, effective customs clearance solutions that can ease the burden on logistics providers, mitigate risk and boost productivity, become critical. Our continued expansion of our European footprint, by adding customs market leadership in Ireland and broader pan-European capability, will, over time, substantially increase productivity for all our customers.

    "We have worked with the ABM Data team for years and now is the right time to bring them into the WiseTech Global family. Their technology capability, deep pan-European customs knowledge and agile product development team will be applied to our Universal Customs Engine to accelerate and facilitate rapid customs localisations and next-generation development."

    ABM Data Managing Director, Stewart Bourke, said, "We have a shared vision with WiseTech for a deeply integrated global customs solution, and by joining the WiseTech group, we can leverage the global strength and powerful innovation capability of WiseTech, to accelerate development opportunities across Europe. ABM Data and WiseTech Global will together focus on delivering significant and far-reaching improvements in customs declarations management and cross-border compliance."

    WiseTech Global CEO, Richard White, said, "Customs clearance is a complex process with growing transaction volumes, rapidly changing legal requirements, and significant potential penalties. With CustomsMatters' deep historical experience in Ireland and the UK, and their award-winning customs management solutions, we are looking forward to working together with both EU and the UK authorities to enable our customers in the region to effectively manage cross-border operations during and after Brexit."

    CustomsMatters Managing Director, Stephen Tracey, said, "Becoming part of the WiseTech Global group with its vision and extensive reach across the global supply chain is an exciting step forward for CustomsMatters. We will be able to develop more powerful, integrated and automated functionality for our customers. With CargoWise One's significant customs capabilities our brokerage and compliance team will be able enhance our service offering in Ireland and elsewhere."

    Remaining under the leadership of respective Managing Directors, Stewart Bourke and Stephen Tracey, the operations of both ABM Data and CustomsMatters will be integrated within the WiseTech Global group and each business will continue to deliver their customs management solutions directly to their customers, along with WiseTech's powerful global logistics platform, CargoWise One.

    WiseTech's global integrated platform, CargoWise One, enables logistics service providers to execute highly complex transactions in areas such as freight forwarding, customs clearance, warehousing, shipping, land transport and cross-border compliance and to manage their operations on one database across multiple users, functions, countries, languages and currencies.

    Along with our recent acquisitions in Australia, Brazil, Germany, Italy, Taiwan, North America and the Netherlands, the addition of ABM Data and CustomsMatters to the WiseTech Global group is in line with WiseTech's stated strategy of accelerating long-term organic growth through targeted, valuable acquisitions across new geographies and larger, globally capable adjacencies.

    About ABM Data Systems (ABM Data)

    Founded in 2006, ABM Data is a leading provider of innovative automated customs and brokerage solutions. Headquartered in Dublin, Ireland, with a team of 20 people, ABM Data develop and provides customs declaration management and related international trade software solutions. ABM Data has deep experience managing the implementation of large-scale European customs and logistics system integration projects.

    ABM Data's product lines are CustomsWare and TransportForce. Their pioneering on-demand customs clearance solution, CustomsWare, is accredited for all customs regimes in Ireland, the Netherlands, Belgium, UK, Switzerland, Sweden and Germany, and includes solutions for bonded warehousing, delivery management and web-services. TransportForce offers a fully integrated web-based ePOD and tracking system including full EDI support.

    For more information about ABM Data Systems visit

    About CustomsMatters

    Founded in 1988, CustomsMatters is a leading provider of innovative automated customs and brokerage solutions in the Republic of Ireland, Northern Ireland and the UK. Headquartered in Dublin, with a team of 7 experienced customs and technical professionals, CustomsMatters provides customs clearance solutions for hundreds of customers, from small businesses to multinational companies including DHL, UPS, OAG Cargo, SwissPort, WFS, Aramex, Sisk Healthcare, G&J Distillers, Dairygold, Geodis, ATA Tools and many other organisations and logistics providers.

    CustomsMatters achieved Authorised Economic Operator status in 2009, which is recognised as the 'gold standard' for companies involved in international trade and is recognised throughout all 28 member states of the EC.

    For more information about CustomsMatters visit

    Piers Shervington 
    T: +61-404-538-177 
    Matthew Gregorowski
    T: +61-2-8234-0100 

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    Emmerson Resources Ltd (ASX:ERM) MD Rob Bills talks with Tim Mckinnon about the first Gold pour from the Edna Beryl mine located North of Tennant Creek in the Northern Territory.

    The Edna Beryl is one of a number of high grade gold deposits that Emmerson is developing. The tribute agreement allows Emmerson to continue exploring without the capital risk of mining the tribute area.

    Developing further on the Kadungle project in NSW over the Christmas period, as well as continuing the Joint Venture work with Evolution Mining Ltd (ASX:EVN), the company will be providing continuous market updates as results are returned.

    To view the video interview, please visit:

    Emmerson Resources Limited
    T: (08) 9380 6885

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    Further to recent announcements regarding the Odotech transaction, Envirosuite Limited (ASX:EVS) ("the Company") is pleased to provide the attached presentation setting out the key transaction details as well as the rationale and integration strategy.

    The Company also advises that it will release its quarterly updates ongoing in the month following the end of each quarter with the next update being in January 2018.

    Transaction details

    - $450,000 CAD ($458,000 AUD) to acquire the assets of Odotech Inc

    - One-off cash settlement

    - Sale structured as an asset purchase with key assets including:

    o Existing client projects and maintenance contracts

    o Family of patents related to the Enose (electronic nose) hardware, business names, trademarks, domain names

    o Digital marketing materials

    o OdoWatch software platform

    o Inventory of sensor hardware

    o Accounts receivable (circa $300K)

    o Shares in continuing Chilean entity

    - Offers of employment made and accepted by 12 Odotech employees in Canada

    - 9 employees continuing in Chile

    - Offices retained in Montreal (Canada) and Santiago (Chile)

    Odotech acquisition rationale for Envirosuite

    - Attractively priced opportunity to acquire an existing client base, extensive commercial relationships, intellectual property and additional technical functionality

    - Complements Envirosuite's international expansion strategy

    - Further strengthens Envirosuite's positioning in one of it's key market verticals - Wastewater

    - Adds deep industry knowledge, expertise and an instant presence in target geographies

    - The technical integration provides scope for additional functionality across all Envirosuite platform applications

    - Envirosuite adds significant additional value to Odotech clients through adding the key proprietary pillars of its platform including: complaints management, source identification and predictive functionality

    To view the full presentation, please visit:

    EnviroSuite Limited
    T: +61-7-3004-6400

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    Broken Hill Prospecting Ltd (ASX:BPL) provides the Company's 2017 AGM Presentation.

    2017 Annual General Meeting

    - Asset Monetisation Success

    - Thackaringa - Cobalt

    - Thackaringa - Base Metals

    - Murray Basin - Mineral Sands

    - BPL Value Proposition

    - Crystal Ball 2018 Re-rate

    Asset Monetisation Success

    - Cobalt Blue (ASX:COB) (COB) Spin-Off (Jan 2017) - delivered $8.1M to BPL shareholders via inspecie distribution. Now valued at +$30M for those who retained COB equity.

    - Divestment of non-core, low priority mineral sands assets for $3.1M cash injection to BPL (July 2017)

    - If notional value of COB shares (at today's price) are bought to measure with BPL's current market cap of $8.1M, value at hand is +$38.2M, equating to notional BPL shareprice of +25.8cps.

    - Significant corporate value-add transactions delivered during 2017

    - Demonstrates the BPL teams' strong corporate skills, which augment the technical talent within the group

    BPL Value Proposition

    - BPL delivered +$30M in equity based valueadd in 2017 (COB spin off and in-specie) and $3.1M in cash value-add to BPL (non-core mineral sand divestment)

    - BPL is fundamentally under-valued at present with a market cap of $8.2M which significantly undervalues diversified portfolio

    - Board & management hold circa. 35% of BPL shares which represents a major incentive for continued corporate success.

    - Good technical work on the projects will underpin share price performance during 2018...

    - ... with an increased focus on marketing and public relations to ensure our successes are known and understood

    - A flexible approach to value-adding will be adopted, including asset development, trade sale, spin-off and in-specie distribution

    To view the full presentation, please visit:

    Broken Hill Prospecting Ltd
    Trangie Johnston, CEO
    T: +61-2-9238-1170

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    Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to announce that it is making the first stage option payment to Great Sandy Pty Ltd ("Great Sandy") to acquire a 694 km2 package of 6 tenements in the world-class Pilgangoora lithium district of Western Australia (see Figure 1 in link below).

    The primary focus of exploration over Great Sandy tenure in 2017 has been concentrated on the 141 km2 Mallina tenement E47/2983. Exploration activities have included mapping, sampling, geophysics and drilling. Spodumene has been identified in three main areas of pegmatites across a zone 6 kilometres x 3 kilometres. An initial small drilling program was completed in 2017. Further drilling is required to better understand the zonation of the pegmatites at Mallina and follow up recent high grade mineralisation returned over the Area C prospect.

    The Option includes three other project areas comprising five tenements which have only been lightly explored and will be reviewed in detail during 2018.

    The Great Sandy purchase terms include an option to acquire an 80% interest in all the tenements by making staged payments in cash or shares at Great Sandy's election of $300,000 (current payment) within 12 months and $300,000 within 24 months and free carrying Grant Sandy to Decision to Mine. At the Decision to Mine, Great Sandy can either elect to dilute or contribute to ongoing expenditure commitments. Great Sandy can elect to convert the 20% interest to a 2% gross smelter royalty.

    Corey Nolan, Chief Executive Officer, commented "The Company is excited by the prospectivity of the Mallina project where new spodumene bearing pegmatites have been recently identified. Further exploration and drilling is required to better understand the mineralisation within the complex rare metal pegmatites. Mallina is a very prospective province in close proximity to other major spodumene deposits including Pilgangoora and Wodgina".

    To view figures, please visit:

    Corey Nolan
    Chief Executive Officer
    Phone: +61-7-3369-7058

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    Lithium exploration company Lake Resources N.L. (ASX:LKE) ("Lake" or "LKE") is pleased to announce that drilling is progressing well in the second drillhole, successfully intersecting concentrated brine horizons in saturated sands and silts below the 100%-owned Kachi Lithium Brine Project in Catamarca.

    - Drilling has intersected brine in a second drillhole within brines below the lithium bearing salt lake of the 100%-owned Kachi Lithium Brine Project in Catamarca Province, Argentina

    - The second diamond drillhole is below 125m depth in permeable sandy horizons containing brines with promising conductivities and densities

    - Initial assay results from the brines are anticipated in early January

    These brines display encouraging conductivities and densities - positive indicators for future results. Initial assay results are anticipated in early January. The second drill hole is at 126m depth and planned to continue to below 250m after the Christmas recess (12 days) to test deeper aquifers. The first hole was terminated at 71m after testing the near surface aquifer. These holes are part of a maiden 1,000m diamond drilling programme. The programme can be extended pending the outcome of assay results.

    After returning from site this week, Lake Resources' Managing Director Steve Promnitz said: "Drilling has intersected brine saturated sediments from a metre from surface, which includes significant permeable sands. The first set of assay results will be reported as soon as possible. Activity in the lithium sector has intensified with a neighbouring project under a takeover offer on market for C$265 million. This bodes well for Lake given the scale of the four projects in Argentina's Lithium triangle and the fact that they are 100% owned."

    Project Background

    The Kachi Lithium Brine Project covers over 50,000 ha of mining leases owned 100% by Lake's Argentine subsidiary, Morena del Valle Minerals SA, over the centre of the known salt lakes in the deepest part of a large basin. Surface sampling has revealed positive lithium results in conductive brines which will be expanded through the drilling program and geophysics.

    The company has a focus on an inclusive approach with local communities together with appropriate environmental management. The Kachi Project was selected by the State of Catamarca to be accelerated, together with a small group of energy and mining projects in the province, to ensure appropriate development. A Letter of Intent was signed with Catamarca Province to facilitate the project through various permitting stages from exploration to production which bodes well for the future.

    To view figures, please visit:

    Steve Promnitz
    Managing Director
    Lake Resources N.L.
    T: +61-2-9188-7864

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    Lithium Power (ASX:LPI) (OTCMKTS:LTHHF) has released a positive preliminary economic assessment (PEA) study for its Maricunga lithium brine project in Chile. Highlights of that study include the following.

    - Production - 20,000 tpa of lithium carbonate (LCE) and 74,000 tpa of potassium chloride (KCl) fertiliser.

    - Operating costs - US$2,938/t LCE (US$2,635/t post KCl credit).

    - Project NPV - US$731 million after tax at 8% discount rate (US$1.049 billion before tax

    - IRR of 23.4% (ungeared).

    - Capital costs - US$527 million (US$389 million direct costs, including KCl plant).

    - Short payback - 2 years and 11 months (based on 2-year ramp-up period).

    - Mine life - 20 years (initial).

    Analyst comment: this excellent achievement for Lithium Power positions Maricunga to become the next producing lithium asset in Chile and, in our opinion, the standout lithium brine development project globally, due to its forecast exceptionally low operating costs.

    While most of the assumptions were in line with our previous estimates, capital costs are higher. We believe there may be scope to reduce these costs in future studies, given that US$137 million of the total capital outlay was for contingencies and indirect costs.

    Also boding well for the development of Maricunga is the election of Sebastián Piñera, a conservative billionaire, as the country's president. Piñera is reportedly pro-business and foreign investment, and there is a high degree of expectation that the new government will enact numerous policies to encourage and improve the lithium industry in Chile.

    Valuation: we have decreased our valuation of Lithium Power to $1.13/share (previously $1.24). The driver for this reduction was higher capital costs than our previous estimate.

    To view the video, please visit:

    Adam Kiley
    TSI Capital Pty Ltd
    M: +61-404-945-234

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    Lithium Power (ASX:LPI) (OTCMKTS:LTHHF) virtual site trip to the Maricunga Lithium Brine Project in Chile. Site trip includes a review of the region & surrounding infrastructure, current status of the project as well as review the planned operation.

    To view the video, please visit:

    Adam Kiley
    TSI Capital Pty Ltd
    M: +61-404-945-234

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    New Zealand's increasing need for social services has seen jobs in the Community Services & Development industry among the fastest growing on SEEK (ASX:SEK) (OTCMKTS:SKLTY) for 2017.

    Based on the largest job ad growth and volumes on SEEK from January to November this year, the fastest growing jobs on SEEK for 2017 include:

    - Housing & Homelessness Services [Community Services & Development], 156.8% [growth Jan-Nov 17 v Jan Nov 16]

    - Employment Services [Community Services & Development],143.1% [growth Jan-Nov 17 v Jan Nov 16]

    - Power Generation & Distribution [Mining, Resources & Energy],125.2% [growth Jan-Nov 17 v Jan Nov 16]

    - Child Welfare, Youth & Family Services [Community Services & Development], 80.9% [growth Jan-Nov 17 v Jan Nov 16]

    Janet Faulding, General Manager for SEEK New Zealand, says our country's rising cost of living and growing population is putting increased pressure on our country's Community Services & Development industry.

    "There is a growing demand for people with skills to work in these social service jobs to help and care for Kiwis in need," said Faulding.

    "Last year an Otago University study found that the "severely housing deprived" or homeless population in New Zealand was around 41,200, or about one in every 100 Kiwis," revealed Faulding.

    The 2017 fastest growing jobs on SEEK, also highlights an increasing need for professionals to fill Power Generation & Distribution roles across the Mining, Resources & Energy industry.

    "It's no surprise Power Generation & Distribution is amongst the fastest growing jobs on SEEK, our country has one of the highest rates of renewable electricity use in the world," said Faulding.

    "New Zealand is now using less thermal and more renewable electricity generation [hydro generation and some wind generation], and as Kiwis increasingly use new technologies, our power consumption will continue to rise."


    Across New Zealand, there was continued advertising growth on SEEK during 2017, and in the lead-up to the festive season ad growth was thriving, with 9.4 per cent more new job ads on SEEK in November than 12 months ago.

    "We saw positive advertising growth across 24 of 29 industries on SEEK this November," said Faulding.


    "Across the major regions, except for Auckland, SEEK saw double digit advertising growth in November," said Faulding.

    "Wellington notched up the strongest growth this November, up 18.9 per cent y/y. Driving this ad uplift are Wellington's top advertising industries; Information & Communications Technology [ICT] [up 17 per cent y/y], Administration & Office Support [up 8 per cent y/y], and Government & Defence [up 61 per cent y/y].

    "Fuelling this strong job ad growth across the Government & Defence industry in Wellington, was demand for professionals across the following fields - Government and Policy Planning & Regulation," continued Faulding

    "While off a lower base, Canterbury was also a top performer, with job ads on SEEK increasing 12.8 per cent y/y. Across the region, the Trades & Services industry continued to offer the most job opportunities this November [up 12 per cent y/y], followed by Manufacturing Transport & Logistics [up 61 per cent y/y].

    "Driving this solid advertising uplift across the Manufacturing Transport & Logistics industry in Canterbury, was demand for workers to fill roles in Warehousing, Storage & Distribution, Machine Operations and Assembly & Process Work, said Faulding."

    "After strong and consistent job ad growth during 2017, the Auckland labour market has started to slow in the lead-up to the festive season, with job ads up 1.1 per cent y/y this November.

    "Across Auckland, SEEK saw positive job ad growth in 13 of 29 industries. The ICT, Manufacturing, Transport & Logistics and Trades & Services offered the most job opportunities across the region in November," concluded Faulding.


    While off a lower base, job ads on SEEK in other smaller regions were also thriving this November, except for Taranaki, which had negative advertising growth due to small job ads growth over just 10 of 29 industries across the region:


    West Coast 68.70%
    Marlborough 54.90%
    Southland 37.10%
    Otago 32.20%
    Northland 27.90%
    Waikato 27%
    Bay of Plenty 23.80%
    Manawatu 20.30%
    Tasman 11.80%
    Hawkes Bay 7.10%
    Gisborne 6.10%
    Taranaki -11.20%

    About the SEEK Employment Report

    The SEEK Employment Report provides a comprehensive overview of the New Zealand Employment Marketplace. The report includes the SEEK Employment Index (SEI), which is the first New Zealand aggregate indicator to measure the interaction between labour market supply and labour market demand.

    It also includes the SEEK New Job Ad Index which measures only new job ads posted within the reported month to provide a clean measure of demand for labour across all classifications. SEEK's total job ad volume (not disclosed in this report) includes duplicated job advertisements and refreshed job ads. As a result, the SEEK New Job Ad Index does not always match the movement in SEEK's total job ad volume.

    To view the Data, please visit:

    Sarah-Lucy Rice, SEEK 
    P: +61-419-324-445

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    Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Deep Yellow) is pleased to announce the completion of a 7,490m scout drilling program carried out on its Nova Joint Venture project, Namibia (Nova JV) where JOGMEC is earning a 39.5% interest. The drilling program started on 11 September and was completed on 13 December 2017.


    - First pass exploration drilling campaign of 7490m was completed on EPLs 3669 and 3670.

    - Targets included uranium mineralisation in surficial calcrete type within palaeochannels and alaskite and Skarn type in basement rocks.

    - Best results in palaeochannels were reported in October from the northern part of EPL 3669, where promising uranium mineralisation was found in 3 adjacent holes.

    - 24 of 37 drill holes testing basement targets intersected narrow uranium mineralisation in alaskite granites or skarn type lithologies.

    Strongest intersections from Cape Flat include:

    o 4.65 m at 220ppm eU3O8 from 33m;

    o 1.2m at 327ppm eU3O8 from 68m; and

    o 1.4m at 250ppm eU3O8 from 2.6m.

    The overall drilling campaign was primarily designed to characterise the various targets that were defined from geophysics (using IP, EM, Magnetics and radiometrics) and ground mapping and, through this drill testing, determine applicability of methods to be used in future to isolate prospective zones. Ten basement targets and three newly identified palaeochannels were targeted for this initial investigation on EPLs 3669 and 3670. This first-pass drilling totalled 7,490m and involved 2 diamond core (DDH) and 82 reverse circulation (RC) drill holes of which 4 had a diamond core tail added. Figure 1 (see link below) shows the Nova JV tenements - EPLs 3669 and 3670. Prospect locations and drill hole locations are indicated in Figures 2, 4, 5 and 7 (see link below). Appendix 1 (see link below) lists all drill-hole information including associated eU3O8 values.

    Palaeochannel Targets

    The reinterpretation of a previously flown VTEM survey identified palaeochannels previously not known to occur on either of the tenements. Their geophysical similarities to other mineralised palaeochannels in the region indicated that these needed testing for calcrete associated uranium mineralisation.

    Three drill sections involving 14 holes for 639m were completed to test the most northerly of these newly identified palaeochannels. As reported in ASX release dated 12 October 2017, drilling in this area encountered uranium mineralisation in three adjacent holes (TN035 to TN037 - see Table 1 in link below). These averaged 220ppm eU3O8 over 3.5m between depths of 18 to 23m as determined by fully calibrated Auslog down-hole gamma logging unit. An historic hole (NTNR4) drilled in 2010 located 100m to the west, targeting basement mineralisation, also showed uranium mineralisation in cover sediments. This new discovery was renamed the Namaqua Prospect (formerly Speke's East). The Namaqua channel was further tested by 2 drill lines 1.5 and 2.5 km to the south/south-west of the Namaqua discovery where no uranium mineralisation was encountered.

    Figure 2 (see link below) shows the drill hole locations, interpreted palaeochannel and the Namaqua Prospect in the north of EPL 3669. Figure 3 (see link below) shows a cross-section of the holes drilled through the mineralised channel.

    All drill holes testing palaeochannels at the Namaqua, Goanna and Skink targets are detailed in Appendix 1 Tables 1 and 2 (see link below).

    The palaeochannel target drilled at Goanna in EPL 3669 (see Figure 4 in link below for drill hole locations) did not identify uranium mineralisation.

    At Skink on EPL 3670 4 drill lines totalling 511m (see Figure 5 in link below for drill hole locations) tested an interpreted complex palaeochannel system associated with some surface radiometric anomalies and uranium in soils identified by previous explorers. Although calcrete was identified in the deeper parts of the palaeochannel system no uranium mineralisation was identified in these sediments.

    Basement Targets

    Ten targets in 4 areas were identified from ground geophysics which indicated potential for uranium mineralisation in the basement rocks. A total of 37 drill holes for 6134m were drilled on these targets. This involved 602m of core from 2 diamond drill holes and 4 diamond core tails and 5532m of RC drilling. Equivalent uranium values were determined from the fully calibrated Auslog down-hole gamma logging unit. These holes are listed in Appendix 1 Table 2 (see link below) along with other drill hole information.

    In the north of EPL 3669 at Speke's and Bowsprit, drilling intersected generally fine-grained quartzo-feldspathic biotite rich rocks associated with pyrite (iron sulphite) rich, quartz carbonate veined lithologies. Minor visible copper mineralisation was also observed. Narrow uranium mineralisation was also intersected in 8 of the16 holes drilled on this target. There appears to be a correlation between elevated down-hole gamma counts, high pyrite content and high vein density indicating a hydrothermal nature of the uranium mineralisation and this will be further investigated. Further south, at Barking Gecko, uranium mineralisation is associated with alaskitic granite intrusions and uranium intersections, although still narrow, become more widespread as all three RC holes (TN017,18,19) are mineralised. Figures 2 and 4 (see link below) show the drill hole locations and Figure 6 (see link below) shows a cross-section from Barking Gecko.

    On EPL3670 geophysical ground work identified a 400 to 500m wide, 3.5km long north-northeast trending zone of radiometric anomalism flanked on the east and west sides by chargeability anomalies identified by Gradient Array and Pole Dipole IP surveys. This feature is parallel to the regional "Alaskite Alley" trend which contains all the major basement related uranium deposits in the region. RC and diamond drilling at Cape Flat included 18 holes of which 12 showed uranium anomalism of greater than 100ppm eU3O8. The drilling identified various sheet like, partly sheared granite intrusions which, on occasion, showed alaskite characteristics. Uranium mineralisation of greater than 100ppm eU3O8 was intersected both in narrow peaks and in thicker intersections ranging 2 to 14m in width. Figure 7 (see link below) shows the drill hole locations superimposed over the uranium contours of a ground spectrometer survey and Figure 8 (see link below) shows a cross-section drilled through the central anomalous zone at 7445700N. Drill hole details and equivalent uranium intersections greater than 100ppm eU3O8 are listed in Appendix 1 Tables 1 and 2 (see link below).

    To the south, the Cape Flat anomalous zone is covered by extensive colluvium which blankets all radiometric response. Although 8km to the south-south-west, surface radiometric anomalism occurs in an area where some minor sub-crop occurs within the colluvium cover. Airborne magnetics suggests that this prospective zone extends another 2km south-south-west towards the EPL boundary.

    All basement uranium mineralisation will be assayed for U3O8 and various trace elements, Whole rock analysis is planned to characterise the various mineralised rocks and granite intrusions.


    Further assessment of the data collected during this drilling campaign is required. Geochemical assay results are still being awaited. For the next field season detailed ground radiometric work and geological mapping will be undertaken to better characterise the anomalous areas that have been identified to date. Other geophysical methods may also be applied to better define targets for drilling.

    The indication that previously unexplored (and unknown) palaeochannels are fertile carrying uranium mineralisation, as identified in 3 adjoining holes at Namaqua, is regarded as a very positive development. Although the two sections drilled 1.5km and 2.5km further to the south of this mineralisation did not encounter uranium mineralisation, the identification of calcrete associated mineralisation within the palaeochannels in the Nova JV area is considered significant as this has expanded the prospectively of the extensive system of palaeochannels that has been identified. Further drilling is planned in 2018 to explore the extent of the mineralisation at Namaqua and to evaluate the potential of the newly identified prospective palaeochannels on EPLs 3669 and 3670 which remain untested.

    The exploration of the basement targets identified a promising zone of uranium anomalism at Cape Flat. Although grade and thickness of the mineralisation encountered is of a low level it indicates a mineralising event has occurred. However, the mineralisation may improve further toward the south where the prospective zone is blanketed by alluvium cover and this possibility will be tested in 2018. This southern extension of Cape Flat will be explored by geochemical methods and/or shallow bedrock drilling to isolate specific targets for follow up RC drilling.

    To view tables and figures, please visit:

    John Borshoff
    Managing Director/CEO
    Deep Yellow Limited
    T: +61-8-9286-6999
    F: +61-8-9286-6969

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    The Boards of Queensland Bauxite Limited (ASX:QBL) and Algae.Tec Ltd (ASX:AEB) are delighted to announce a significant Australian ground breaking agreement whereby AEB will exclusively license Medical Cannabis Limited's Low THC Delta 9 Cannabis cultivars from the unique Australian Cannabis seed bank owned by Medical Cannabis Limited. MCL's License to AEB is in order to establish a breeding program to identify cultivars for use in cannabinoid product development to research and develop stock and veterinary medications, supplements and sophisticated animal therapeutics.

    MCL will provide AEB with additional assistance and expertise required to cultivate the Cannabis plants, while MCL retains the exclusive rights to develop these cultivars for human medical research and development.

    This agreement sets AEB up amongst the very few Australian medical cannabis companies with an Australian lawful source of cannabinoid producing plants, starting material, genetics and hands on experience to put it at the forefront of the new age in Australian medical Cannabis law reforms. It also enables MCL to significantly benefit from the groundwork, research and product development that will be performed by AEB.

    Being able to capitalise on this early mover opportunity, AEB intend to call on its in house expertise and research and development collaborations to develop these medications and therapeutics for the animal and livestock industry.

    Malcolm James, Executive Chairman and Managing Director of AEB said. "We knew the securing of a certified starting material would be a key component to our future endeavours, this agreement far exceeds this and will build on our available expertise in the field and consolidate to a far greater degree the groundwork we have already done in a relatively short time."

    The agreement seeks to combine resources, experience and technical knowledge to enhance and fast track research in several fields of animal treatment, care and health which have been identified as feasible and untouched entry points.

    The international market for veterinary supplies is a multi-billion dollar industry. Though product development in the veterinary field isn't as expensive as human drug development, many human medications are routinely discovered or adapted from animal trials and research.

    It is the goal of AEB to be actively developing medical cannabis products for animal use in 2018 and to be the leaders and at the forefront in supplying the huge local and global animal industry with these unique products. There is a massive demand in the animal industry for suitable and safe drugs for the transport and general treatment of animals whether for anxiety or pain related problems, and appropriate cannabis products is believed to be the perfect solution, which AEB intends to introduce to and provide this huge industry and its demand.

    Malcolm James (AEB) added, "There's no doubt we have secured one of the most coveted assets in the medical Cannabis industry, being our own exclusive lawful and licensed Cannabis seed bank for our further business development. We are most appreciative to MCL for this contribution. We are adamant that 2018 will essentially be an extremely busy and fruitful year with many plans being put into action while both our companies take advantage of new and innovative opportunities this agreement now opens for us.

    "MCL can ensure a seed base will be granted to begin breeding and multiplication programs that will produce a suitable and consistent bulk supply of cannabinoids for research through to full production of developed products.

    "AEB will be the exclusive world-wide distributor of all products developed by AEB, and we are pleased to have been entrusted with this valuable asset by the team at MCL."

    MCL's Technical Director Andrew Kavasilas has a long history of growing and breeding Cannabis cultivars under various permits in Australia since 1999. Growing under permit in NSW, Mr Kavasilas recently grew specially selected cultivars to determine cannabinoid variations, cannabinoids of interest, as well as terpine and volatile determinations.

    Cannabinoids including THC (Delta(9)-tetrahydrocannabinol), CBD (Cannabidiol), CBG (Cannabigerol), CBN (Cannabinol), and other important acid forms were measured, whilst many other unidentified cannabinoids remain present.

    Terpines and volatiles are another group of complex compounds produced by the cannabis plant. These compounds make up the aromas associated with the Cannabis plant and are thought to exert their own medical beneficial properties while modulating and moderating the effects of cannabinoids.

    Mr Kavasilas said. "We're all well aware that all genuine drug development involves animal testing, and there definitely is no better place to start the journey than to look at large stock, other farmed livestock and companion animal drug development which will produce an immense amount of data to feed into subsequent human applications".

    By initiating such an agreement, AEB and MCL believe that other Australian companies will seek to join forces to help shape the future landscape being tentatively developed in Australia since changes by the Federal Government in relation to medical cannabis law reforms opened the door to legitimate cannabis investments.

    Mr Kavasilas added. "This agreement gives AEB a uniquely rare and tangible direct entry point to the under-researched pavilion of veterinary cannabinotherapy production where very few companies in the world have been able to enter within Federal government laws.

    "The nature and spirit of this agreement indicates the high level of cooperation needed to be demonstrated by intelligent companies to achieve meaningful outcomes in the shortest possible time lines".

    Under the Licensing agreement, it is intended that MCL be issued with AEB shares in order for MCL to become a 19.99% shareholder of AEB. The material steps of the license agreement are:

    (a) AEB paying a deposit to MCL of 50 million AEB shares on execution of this Agreement;

    (b) upon Shareholder Approval, a further issue of AEB fully paid ordinary shares to MCL to bring MCL to be a 15% shareholder of the then issued capital of AEB with 1 nontransferable option for every 5 shares issued (including for.the.deposit 50 million shares) with a strike price of $0.075 and maturing on 31 December 2020 ("Options");

    (c) paying a further equivalent of 4.9% of the issued capital in AEB, to bring MCL to be a 19.9% shareholder of AEB at that time, together with attaching options as per 3(b) above, on the date that AEB extracts oil from MCL cultivars;

    (d) 5% net royalty payable to MCL on any human applications coming from AEB's development of animal products; and

    (e) All shares issued in accordance with the agreement shall be subject to a 12 months voluntary escrow period from the date of issue; and

    (f) MCL will be entitled to appoint a representative on the board of AEB to be approved by the board of AEB, such approval not to be unreasonably withheld.

    The board of QBL is extremely pleased with this latest development of yet another strategic alliance, and looks forward to seeing a successful mutually beneficial relationship develop with AEB in 2018.

    Queensland Bauxite Ltd
    Tel: +61-2-9291-9000
    For further information or any queries please email the Company at:

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    The Board of TopBetta Holdings Limited (ASX:TBH) ("TopBetta" or the "Company") is pleased to announce that its wholly-owned Alderney-based subsidiary, The Global Tote Ltd, has entered into an agreement with the Official UK Totepool, Totepool Alderney Limited ("Totepool"), to give it the ability to distribute its pools through 10,000 plus UK and European betting shops and some of the world's top global wagering websites.


    - Distribution opportunity to more than 10,000 United Kingdom ('UK') and European betting shops and top online wagering operators

    - UK wagering operators can offer punters access into Global Tote pools on Australasian racing

    - Integration of The Global Tote into UK Totepool systems expected to commence in January, 2018

    Under the terms of the deal, UK wagering operators can offer punters access to Global Tote pools on Australasian Racing for the first time via the Totepool platform. Totepool is currently integrated into more than 9,000 betting shops in the UK and Ireland, as well as 5,000 outside of the UK, and is on some of the world's biggest betting company websites such as Betfred, Betfair, Skybet and Paddy Power.

    The commercial in confidence agreement between The Global Tote Ltd and Totepool, a division of Betfred and the current exclusive operator of UK's racing tote, will commence on January 1, 2018 (with integration expected to follow soon after) and is subject to usual approvals from all racing bodies. Under the agreement, The Global Tote will receive a commission of 2% of the net pool distribution after payment of all applicable taxes, levies and racefield fees. (see Note below)

    TopBetta Holdings Ltd CEO Todd Buckingham said:

    "This is a major international distribution deal for The Global Tote. UK racing wagering operators will now be able to offer punters access to bet into The Global Tote pools on Australasian racing.

    "By growing liquidity in these pools, The Global Tote can grow turnover and revenue for both the company and its new wagering partners, as well as deliver Australian racing bodies a slice of the global racing revenue pie through race field fees that they are currently not collecting. It's an unprecedented opportunity for racing bodies to deliver their product onto global wagering platforms where, subject to their approval, they not only get a clip of every bet struck, but the agreements will also meet Integrity standards that protect their product."

    Betfred CCO Phil Siers said: "We are looking forward to integrating The Global Tote into Totepool's various distribution verticals including betting shops and our online and partner networks. We expect the integration work will begin in January and we aim to have punters in the UK able to access the pools in the first quarter of next year."

    About The Global Tote:

    The Global Tote Ltd is a wholly-owned subsidiary of TopBetta Holdings Ltd based in Alderney, UK.

    It operates under a Category2 eGambling B2B wagering license granted by the UK's Alderney Gambling Control Commission.

    Since it launched in May, 2017, The Global Tote has fielded on more than 1300 race meetings with unaudited turnover of more than $65million and the product is currently used by multiple bookmakers in Australia.

    About Betfred and Totepool

    Betfred was Founded in 1967 by Fred Done, originally called Done Bookmakers, but rebranded as Betfred in 2004. It has more than 1,650 Licensed Betting Offices (LBOs) and is the 4th largest bookmaker in the UK.

    It employs over 10,000 staff and through Totepool is the sole Licensed operator of pool betting on British horse racing.

    On 3 June 2011, Betfred won the auction to purchase the then Government owned Tote betting operation in a deal worth GBP265m. The deal gave Betfred exclusive control over the on-course betting system for seven years and also control of the 517 high street shops formerly owned by the Tote.

    Totepool is currently integrated into more than 9,000 betting shops in the UK and Ireland and many more outside of the UK, and is available online at some of the biggest wagering websites in the world.

    Note: 2% net pool distribution commission based on a pool deduction of 15%. If the pool deduction rate is higher or lower than 15%, the commission will be prorated accordingly.

    Charly Duffy
    Company Secretary
    T: +61-409-083-780
    Jane Morgan
    Investor & Media Relations
    T: +61-405-555-618

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