Are you the publisher? Claim or contact us about this channel


Embed this content in your HTML

Search

Report adult content:

click to rate:

Account: (login)

More Channels


Showcase


Channel Catalog


Channel Description:

Asia Business News

older | 1 | .... | 211 | 212 | (Page 213) | 214 | 215 | .... | 321 | newer

    0 0

    SpeedCast International Limited (ASX:SDA), the world's most trusted provider of highly-reliable, fully-managed, remote communication and IT solutions, today announced the appointment of John Truschinger as Chief Information Officer (CIO), reporting to Chief Executive Officer Pierre-Jean Beylier.

    Mr. Truschinger is a veteran of the U.S. Marine Corps where he served as a Sergeant until being honorably discharged in 1981. He has 35 years' experience working in IT and Supply Chain, and most recently held the position of SVP and CIO for Transocean until 2015. Over the past two years John has worked as a private consultant, providing IT, executive coaching, and team-building related services to corporations. As Speedcast's CIO, he will be based in Houston and will assume global responsibility for IT, Supply Chain, QHSE and Facilities, which were functions previously under the COO. He will also be in charge of a new department, Digital Transformation, which is being created as the Group intends to further enhance its customers' experience.

    "I am thoroughly impressed with Speedcast's growth, leadership, and overall business strategy, and am excited to join such a dynamic company where I believe I can truly make a difference," says Truschinger. "The company's investments in people and its core C.A.S.T. values strongly correlate to my personal ideologies, using a 'people-focused' approach to build great teams that provide great service. I think the similarities in our approaches will help us to significantly advance this organization."

    "I am excited to add John to our Executive team in this new CIO role, which entails some key areas of responsibility," says CEO PJ Beylier. "His expertise and leadership in developing global IT and Supply Chain functions will be key to the success of Speedcast's vision moving forward. In addition, John's experience as a leader in charge, among other things, of key IT and communications activities at one of the top global Energy organizations will prove very valuable as Speedcast continues to build its leadership position in the Energy sector."

    Truschinger will begin his role at Speedcast on January 15, as the organization increases its focus in 2018 on streamlining operations and providing an exceptional customer experience.

    Media Contact Information:
    Toni Lee Rudnicki
    Vice President, Global Marketing
    Speedcast International Ltd
    T: +1-832-668-2634
    E: tonilee.rudnicki@speedcast.com

    0 0

    Emmerson Resources Limited (ASX:ERM) (OTCMKTS:EMMRF) provides the Quarterly Activities Report for the period ending 31 December, 2017.

    Highlights

    - First gold pour from the Edna Beryl Tribute area completed in late December

    - Drilling at Kadungle NSW is currently underway with visible copper sulphides intersected in the first two drill holes at the Mt Leadley prospect

    - Completed earn-in of 60% over the Kadungle tenments

    - Completed a ~2,500m drill program to test for extensions to the previously discovered, high grade Gecko-Goanna copper-gold mineralisation at Tennant Creek in the NT

    - Emmerson remains well funded on completion of a highly successful capital raising of ~$2m to mainly Instutional Investors. Now with available cash of $5.4m

    New South Wales gold-copper projects (see figure 1 in link below)

    1. Kadungle Project

    Emmerson's first drill hole at Kadungle in NSW intersected high level epithermal gold-silver mineralisation and deeper porphyry copper-gold within a very extensive zone of alteration. This drill hole supports the previous historical drilling where high level epithermal veins were intersected with best assays of 12m at 7.7g/t (drill hole KDD002). Similarly, deeper disseminated and veined copper-gold produced intersections of 37m at 0.23% copper including 6m at 1.1% copper (KDD013) and 154m at 0.12% copper and 0.37g/t gold (KRC019) (see figure 2, tables 1,2,& 4 in link below).

    This recent drill hole not only extends the known mineralisation but points to the potential for both high level (shallow) epithermal gold-silver and deeper porphyry copper-gold mineralisation over a large area. The alteration of upper level quartz-pyrite-hematite grading to chlorite-epidote-quartz and deeper Kfeldspar- chlorite-hematite is consistent with a large underlying porphyry copper-gold system (see figure 3 in link below). Moreover, the discovery of further mineralised, epithermal quartz veins (up to 1.27g/t) some 2km east at the Trig prospect are likely manifestations of the peripheral gold bearing, epithermal fluids (see table 3 in link below).

    A large geophysical survey completed in October covers the +1km diameter zone of magnetite destruction (believed to represent the underlying copper-gold system) plus some newly discovered epithermal veins, some 2km to the north (see figure 2 in link below). Three diamond drill holes were completed just prior to Christmas to test geophysical anomalies at Mt Leadley. Visible sulphides along with extensive alteration announced in December is highly encouraging (ASX 13 December 2017). Drilling has just resumed at the Trig Prospect (post quarter) with assays expected in February.

    Emmerson has notified Aurelia that it has met all terms of the stage 1 earn-in including minimum expenditures of $300,000 to acquire 60% of the project. Emmerson is now completing the stage 2 earn-in of $200,000 to earn a total of 80% of the entire project.

    2 Other NSW Projects

    Good progress continues across the other projects including Fifield which is adjacent to Kadungle. Ground reconnaissance and sampling has now been completed at Fifield, Wellington and the Temora/Sebastopol projects. These large project areas were generated in prospective, metal endowed corridors from proprietary predictive 2 and 3D targeting models back in 2015 - these models aim to increase the probability of discovering deposits of both epithermal gold and porphyry copper-gold.

    Importantly, this counter cyclic ground acquisition has now placed Emmerson in a strong position given the recent uptake by other companies of the surrounding tenements (see figure 4 in link below).

    Note the Parkes EL(8466) has been relinquished due to ground access issues and other higher priority targets.

    Tennant Creek gold-copper project (see figure 5 in link below)

    1. Gecko - Goanna

    A ~2,500m drill program at Emmerson's Gecko-Goanna-Monitor discovery was completed in December and was aimed to extend the high grade copper mineralisation (see figure 6 and table 5 in link below). This followed some highly encouraging copper results from drill hole GODD032 which intersected 7m at 5.98% copper including 3m at 10.4% copper from 123m down the hole (ASX: 19/08/15). Another zone of 3m at 4.75% copper including 1m at 10.6% copper from 162m suggests significant potential exists for high grade copper, similar to what has been discovered at Goanna. Assay results are expected in late January to early February.

    2. Edna Beryl Small Mine

    Edna Beryl is the first in our small mine portfolio to be developed under a "Tribute style Agreement" with the Edna Beryl Mining Company (EBMC) (see figure 7 in link below). EBMC are a specialist operator in small mines and have already developed much of the Tribute Area ahead of mining in early 2018. Approximately 1200t of development ore averaging between 30-40g/t gold has been stockpiled awaiting treatment. Processing of the gold ore is the responsibility of the EBMC and according to their plan, will be treated on an interim basis at the local stamp battery. This interim plan will provide cash to fund the purchase of a small modular mill with crushing/grinding/gravity circuits to process the remainder of the gold ore.

    Emmerson receive a "risk free" income stream 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%).

    Planning is underway for the development of an underground exploration drive from the current Edna Beryl mine across to the recently discovered Edna Beryl West mineralisation. This will enable more effective and cheaper drilling of the greater Edna Beryl mineralisation from underground, consistent with resource delineation at many of the historic deposits within the Tennant Creek Mineral Field.

    Black Snake - next Small Mines Opportunity

    Permitting of the Black Snake Mine which is similar in grade and scale to Edna Beryl is well advanced, with the Mining Management Plan currently being assessed for approval by the NT Department of Primary Industry and Resources. The Heritage survey has been completed.

    3. TC8 Mill Site

    During the quarter Emmerson continued planning, permitting and approvals on behalf of the Edna Beryl Mining Company (EBMC) for the construction of a small modular gold treatment mill at Emmerson's TC8 site. Historically TC8 contained a small processing plant and thus has excellent infrastructure which includes access to power, water, tailings facilities, haul roads, buildings and other infrastructure. It is also centred within the other future small mines projects.

    4. Other Small Mines

    Planning and permitting continues for further small mine developments, utilising a similar model to that developed with the Edna Beryl Mining Company. This style of agreement has the following advantages:

    - A near risk-free, income stream from Emmerson's non-core assets via a royalty agreement (until EVN completes its earn-in, ERM receives 100% of its share flowing from this agreement).

    - Access to refurbished underground workings for near mine exploration and metallurgical testing.

    - Allows Emmerson to maintain a focus on its core objective of discovering major deposits of copper and gold.

    Other Business Activities

    Emmerson continues to monitor and review potential new projects from third parties. To date no such projects have been sufficiently compelling to displace our internally generated projects. To this end we have recently applied for a large tenement in northern NSW (ELA 5621 Nyngan, see figure 1 in link below). This tenement is undercover but from previous exploration, contains some highly encouraging attributes suggesting a continuation of the highly prospective Macquarie Arc to the north. These Macquarie Arc rocks are the host to all of the major deposits in NSW and this new tenement presents an excellent opportunity to hold 100% ownership in a large area highly prospective for gold and copper.

    March Quarter Activities for NSW Projects

    The following activities are planned for the March quarter:

    - Assessment of drill results from Kadungle and design of the next drill campaign pending positive assay results

    - Ongoing exploration over the Fifield, Wellington and Temora/Sebastopol projects

    March Quarter Activities for Tennant Creek

    The following activities are planned for the March quarter:

    - Commencement of full scale mining within the Edna Beryl Tribute area

    - Continuation of the planning, permitting and approval process for the additional small mines

    - Continuation of the permitting and approval for the modular mill at TC8

    - Finalisation of the planning and commercial terms for the underground exploration drive and drill program at Edna Beryl

    About Tennant Creek and Emmerson Resources

    The Tennant Creek Mineral Field (TCMF) is one of Australia's highest grade gold and copper fields producing over 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. These deposits are considered to be highly valuable exploration targets and, utilising modern exploration techniques, Emmerson has been successful in discovering copper and gold mineralisation at Goanna and Monitor in late 2011, the first discoveries in the TCMF for over a decade. To date, Emmerson has only covered 5.5% of the total tenement package (in area) with these innovative exploration techniques and is confident that, with further exploration, more such discoveries will be made.

    Emmerson holds 2,800km2 of ground in the TCMF, owns the only gold mill in the region and holds a substantial geological database plus extensive infrastructure and equipment. Emmerson has consolidated 95% of the highly prospective TCMF where only 8% of the historical drilling has penetrated below 150m.

    Emmerson is led by a board and management group of experienced Australian mining executives including former MIM and WMC mining executive Andrew McIlwain as non-executive chairman, and former senior BHP Billiton and WMC executive Rob Bills as Managing Director and CEO.

    Pursuant to the Farm-in agreement entered into with Evolution Mining Limited (Evolution) on 11 June 2014, Evolution is continuing to sole fund exploration expenditure of $15 million by 31 December 2017 to earn a 65% interest (Stage 1 Farm-in) in Emmerson's tenement holdings in the TCMF. An option to spend a further $10 million minimum, sole funded by Evolution over two years following the Stage 1 Farm-in, would enable Evolution to earn an additional 10% (Stage 2 Farm-in) of the tenement holdings. Emmerson is acting as manager during the Stage 1 Farm-in and is receiving a management fee during this period. Exploration expenditure attributable to the Stage 1 Farm-in to date is $15 million.

    About Aurelia (ASX:AMI)

    Aurelia Metals Limited is an Australian gold, silver, lead and zinc mining and exploration company. The Company operates the wholly-owned Hera gold and base metal mine, in Central West New South Wales and has a key development opportunity in the Nymagee Copper, lead, zinc project, some 5 km north of Hera. In FY17, the Company produced 45,679 ounces of gold and 32,308 tonnes of lead-zinc concentrate.

    About Evolution Mining (ASX:EVN)

    Evolution Mining is a leading, growth-focussed Australian gold miner. Evolution operates five wholly-owned mines - Cowal in New South Wales; Mt Carlton, Mt Rawdon, and Cracow in Queensland. In addition, Evolution holds an economic interest in the Ernest Henry copper-gold mine that will deliver 100% of future gold and 30% of future copper and silver produced from an agreed life of mine area.

    About Edna Beryl Mineralisation

    Edna Beryl was discovered by prospectors in 1935 and mined underground in the 1940s and 1950s to a maximum depth of approximately 50 metres. Production up until 1952 was reportedly 2,700t of ore at an exceptional grade of 53g/t gold.

    More recent exploration in the Edna Beryl area between1996 and 2000 by Giants Reef Mining (GRM) outlined additional high-grade gold mineralisation below the historic workings and resulted in an estimate being reported in 1998 by independent consultants in accordance with the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves (JORC: 1998). While this estimate does not meet the minimum reporting requirements for a Mineral Resource under the current 2012 JORC Code, Emmerson considers the Edna Beryl mineralisation to constitute an Exploration Target of 5,000t to 10,000t at 20 to 30 g/t gold, however cautions that the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to estimate a Mineral Resource and that it is uncertain if further exploration will result in the estimation of a Mineral Resource.

    To view the full report with tables and figures, please visit:
    http://abnnewswire.net/lnk/GDZ45D91

    Investor Enquiries:
    Mr. Rob Bills
    Managing Director & Chief Executive Officer
    T: +61-8-9381-7838
    E: admin@emmersonresources.com.au
    www.emmersonresources.com.au

    0 0

    Environmental Clean Technologies Limited (ASX:ESI) (ECT or Company) is pleased to advise it has received its 2017 financial year R&D Tax Incentive Refund.

    Key points:

    - ~2.047 million R&D Tax Incentive refund received

    - Current 'Brevet' R&D loan satisfied in full

    - Surplus of ~$600k to support India project

    The refund of ~AUD2.047 million is in line with accruals disclosed in the 2017 Annual Report, and repays in full the current R&D loan provided by New York-based financier 'Brevet'.

    A surplus of ~AUD600,000 will be allocated to working capital in support of the Company's priority initiatives including the India Project.

    The R&D Tax Incentive is a program managed by AusIndustry aimed at supporting eligible research activities.

    The Company recently announced (8 Jan 2018) a AUD14 million facility from the same finance provider, Brevet, in support of its Coldry-Matmor R&D project in India.

    The India project, which is estimated to cost ~AUD30 million, is covered by an advance overseas ruling for the Coldry portion (~AUD20 million), with a ruling on Matmor expected shortly.

    ECT Chairman Mr Glenn Fozard commented, "The R&D Tax Incentive program supports innovation, both in terms of the valuable research generated by companies like ours, and innovation around the financing of that research. It has seen the emergence of financial products such as that provided by Brevet, which allows the forward factoring of anticipated refunds, providing additional cashflow to the business as we work toward delivering on our objectives."

    India Update

    Following on from our last India project update (announcement 20 December 2017) the Company has worked diligently with its partners, NLC and NMDC and is pleased to advise that in-principle agreement has been reached on the recommendations stemming from the independent financial review required to finalise the Master Project Agreement, including; structure, intellectual property ownership and global royalty sharing arrangements.

    While the details of those aspects necessarily remain confidential at this stage, the Company looks forward to submitting the Review Report to NITI Aayog in due course and will provide a full briefing following the expected signing of the MPA.

    ECT India Chairman & Managing Director (CMD) Ashley Moore stated, "We are delighted to have reached this in-principle agreement on revisions to the commercial terms, and most importantly that we have also committed to meeting an aggressive timetable to reach financial close by June 2018. Our partners are now apprising their respective Board members this week to ensure they are kept abreast of the status of this important project."

    About Coldry

    When applied to lignite and some sub-bituminous coals, the Coldry beneficiation process produces a black coal equivalent (BCE) in the form of pellets. Coldry pellets have equal or superior energy value to many black coals and produce lower CO2 emissions than raw lignite.

    About MATMOR

    The MATMOR process has the potential to revolutionise primary iron making.

    MATMOR is a simple, low cost, low emission production technology, utilising the patented MATMOR retort, which enables the use of cheaper feedstocks to produce primary iron.

    About the India R&D Project

    The India project is aimed at advancing the Company's Coldry and Matmor technologies to demonstration and pilot scale, respectively, on the path to commercial deployment.

    ECT has partnered with NLC India Limited and NMDC Limited to jointly fund and execute the project.

    NLC India Limited is India's national lignite authority, largest lignite miner and largest lignite-based electricity generator.

    NMDC Limited is India's national iron ore authority.

    To view tables, please visit:
    http://abnnewswire.net/lnk/34G7U4W2

    Glenn Fozard
    Chairman
    E: info@ectltd.com.au
    
    Ashley Moore
    CMD, ECT India
    E: ashley.moore@ectltd.com.au
    WWW: www.ectltd.com.au

    0 0

    I am delighted and proud on behalf of the Board of Queensland Bauxite Limited (ASX:QBL) to inform our shareholders that Mr John Easterling has agreed to join the board of our Cannabis subsidiary Medical Cannabis Limited.

    John comes with a wealth of experience in developing therapeutical products from plants, which includes many years of experience in medical Cannabis cultivation and products.

    He is nicknamed "Amazon John" due to the many years he has worked with plants and gemstones from the Amazon.

    He married Olivia Newton-John in 2008 and shares her passion in supporting the continuing growth of the Olivia Newton-John Cancer Wellness and Research Centre in Melbourne.

    John is a big advocate for legislation reform in Australia to allow wider access to medical cannabis. He has met on numerous occasions with influential government officials on both sides of parliament, from the Prime Minister and members of the Coalition government to the Leader of the Opposition and shadow ministers, to promote the importance of access to medical Cannabis for patients in need of its benefits.

    The Board of QBL believe that the addition of Mr Easterling and his experience, knowledge and contacts to the team of MCL, will add enormous value and assistance to MCL, to ensure that it continues to be the leading medical Cannabis and hemp company in Australia as the industry continues to open up to the massive local and global market opportunities.

    ABOUT "AMAZON JOHN" EASTERLING

    Since 1976 John Easterling has been an explorer and treasure hunter in the Amazon Rainforest. It was there, after a personal health crisis, he was introduced to the traditional use of medicinal plants by the Indigenous People in Peru. Since then his passion for plant medicine has only accelerated.

    Easterling's original degree is in Environmental Studies. He founded the Amazon Herb Company in 1990 and serves on the board of the Amazon Center of Environmental Education and Research. Amazon John's 28 years of Plant Medicine experience have been profiled on TV and Radio including "Good Morning America" and "Fox and Friends". His product formulations have sold over $100 million world wide. John has been featured in two PBS documentaries, World News Report "Amazon John and Rainforest Medicines" and Jean Michel Cousteau's "Return to the Amazon."

    His passion for cannabis as a plant medicine began with his first cultivation in 1970. He currently maintains a personal research garden of multiple cannabis strains in California and is co-owner of a licensed medical cannabis farm, Crystal Pharm Organics, in Oregon. He has bred a dozen new genetics and his focus now is formulating using a broad range of cannabinoid and terpene profiles for specific therapeutic benefits.

    As a formulator and educator John has met with researchers and cultivators in many states in America as well as Canada, Israel and Australia and is convinced that cannabis and plant medicine can eliminate or alleviate most of the degenerative health issues people are facing. Easterling believes the dramatic growth and interest in cannabis is still in its early stages and Australia has a unique window of opportunity to become a global leader in this space.

    The Board of QBL look forward to working with John in the development of MCL to the benefit of all shareholders.

    Queensland Bauxite Ltd
    Tel: +61-2-9291-9000
    
    For further information or any queries please email the Company at:
    sfeldman@queenslandbauxite.com.au

    0 0

    Anatara Lifesciences (ASX:ANR) is pleased to announce that it has received $1,230,329 from the Australian Taxation Office under the Federal Government's Research and Development (R&D) Tax Incentive scheme.

    The refund is from Anatara's 2016-2017 research activities and reflects a period of significant investment into the Company's lead product, Detach(R), for the control of gastrointestinal disease in pigs, as well as activities designed to progress Anatara's human therapeutics pipeline.

    Anatara's Chairman and CEO, Dr Mel Bridges said, "The 2016-2017 period was an important one for Anatara as we focused on moving Detach closer to market and prepared to expand our program into human applications. The R&D tax incentive provides an important source of non-dilutive funding and enables the Company to remain well funded as we progress our commercialisation activities."

    Investor inquiries:
    Dr Mel Bridges
    Chairman & CEO, Anatara Lifesciences
    Phone: +61-413-051-600
    Email: mbridges@anatara.com
    
    Media inquiries:
    Jane Lowe
    Managing Director, IR Department
    Phone: +61-411-117-774
    Email: jane.lowe@irdepartment.com.au

    0 0

    Mr Trangie Johnston has today been named as Managing Director of Broken Hill Prospecting Limited (ASX:BPL), adding to his current role as CEO. The appointment follows the Company's articulation of an aggressive growth and value adding strategy through its 2017 Annual General Meeting Presentation, released to ASX on 21 December 2017.

    Mr Johnston will take up his new post effective immediately, with key objectives in the early part of 2018 being acceleration of base, precious and industrial metals exploration at the Company's project areas near Broken Hill and the identification of an optimal value adding route for the Company's advanced stage mineral sands projects in the Murray Basin. Additionally, Mr Johnston will continue playing an active role in the Thackaringa Joint Venture with Cobalt Blue Holdings Ltd (COB).

    BPL's Chairman, Creagh O'Connor, said:

    "Trangie's appointment as Managing Director of BPL is the logical progression in his role with the Company. He has played a pivotal role in BPL's major value adding initiatives in 2017 such as the Cobalt Blue spin-off and expansion of our mineral sands portfolio within the Murray Basin.

    Trangie Johnston said:

    "My challenge is to optimise BPL's performance and keep adding value. Late last year the Board and I formulated a blueprint for the growth of the Company through 2018 and we addressed that in our 2017 Annual General Meeting presentation. I'm looking forward to delivering against that strategy and positioning BPL, over time, to become a mid-tier, multi-commodity, multiproject miner.

    To view Mr Johnston's resume, please visit:
    http://www.abnnewswire.net/lnk/2ZB54A2D

    To view the release, please visit:
    http://abnnewswire.net/lnk/4L1XF9J3

    Ian Morgan
    Company Secretary
    Broken Hill Prospecting Ltd
    T: +61-2-9238-1170
    F: +61-2-9299-1408 
    E: info@bhpl.net.au
    WWW: www.bhpl.biz

    0 0

    Thundelarra Ltd (ASX:THX) (OTCMKTS:TLXPF) is pleased to provide an update on the recent diamond and reverse circulation drilling programmes at the Lydia Prospect, which forms just one part of our exciting Garden Gully gold project near Meekatharra, a well-established and proven gold production centre in Western Australia's Murchison Province.

    - Sixteen reverse circulation holes drilled for 2,924.3m advance

    - Two diamond tails drilled for 168.3m advance

    - Gold mineralisation encountered in all new holes

    - Significant new intersections at Lydia from this programme:

    o 8m at 2.6 gpt Au from 81m in TGGRC087

    o 10m at 1.9 gpt Au from 127m in TGGRC087

    o 11m at 2.9 gpt Au from 120m in TGGRC096

    o 9m at 4.8 gpt Au from 213m in TGGRC097

    o 10m at 2.6 gpt Au from 115m in TGGRCDD098

    o 4m at 2.9 gpt Au from 131m in TGGRCDD098

    o 5m at 3.1 gpt Au from 137m in TGGRC114

    - Previously announced significant intersections at Lydia:

    o 6m at 2.8 gpt Au from 49m in TGGRC015

    o 7m at 24.5 gpt Au from 11m in TGGRC018

    o 37m at 1.8 gpt Au from 71m in TGGRC026

    o 4m at 3.8 gpt Au from 97m in TGGRC032

    o 14m at 2.2 gpt Au from 216m in TGGRC033

    o 80m at 1.9 gpt Au from 79m in TGGRC034

    o 5m at 3.8 gpt Au from 97m in TGGRC073

    o 30m at 3.0 gpt Au from 105m in TGGRC073

    o 8m at 2.9 gpt Au from 104m in TGGRC077

    All holes intercepted gold mineralisation in both the weathering profile and the underlying primary zone, confirming the presence of an extensive mineralisation system which extends for over 500m strike identified so far and remains open to the north and south and at depth.

    Thundelarra began exploring Garden Gully in mid-2016. To date almost 26,000m of drilling has been completed in 141 holes, comprising 23,432m of RC and 2,522.6m of diamond as we aggressively explore the unquestioned potential of the exciting Garden Gully project, located in one of Western Australia's most productive gold provinces. Results continue to support the potential for a major new discovery at Garden Gully.

    Details of the holes drilled at Lydia in the latest programme are given in Table 1 (see link below). Drill collar locations and drill traces for each hole are shown in Figure 3 (see link below). Two cross-sections through the median section of the Lydia NW shear zone display the steep, south-westerly plunging mineralised shoots within the main mineralised structure (see Figures 4, 5 in link below).

    The infill drilling on this campaign was within the north-western part of the main Lydia shear zone where a dilational jog is present, hosting multiple deep plunging mineralised shoots. Mineralisation is hosted by mafic rocks and is completely concealed by a thin transported overburden. The dominant plunge of the mineralised sulphidic shoots is south/south-westerly and consequently the azimuth of the holes drilled was towards the north-east to maximise the chance of intersections.

    The Programme of Work ("POW") submitted and approved was designed to test a possible extension of the mineralisation towards the north-west. The structural data from TGGRCDD098 indicates a plunge and down-dip extension of the mineralisation towards the south-west. Because the approved POW did not contemplate this revised geological understanding, no deep drilling could be undertaken on this campaign and a new POW must be submitted and approved before these newly interpreted extensions can be tested.

    Two of the RC holes were completed with diamond tails, designed to determine the structural setting controlling the mineralisation. TGGRCDD098 was sited behind TGGRC073 and was cored from 80.0m to 147.8m (total: 67.8m). TGGRCDD116 was sited behind TGGRC115 and was cored from 113.3m to 213.8m (total: 100.5m).

    Both TGGRC087 and 088 have intersected two mineralised shoots consisting of silica-arsenopyrite alteration (see Figure 4 in link below). TGGRC089 also intersected two deep shoots within the main shear zone and indicates a clear south-westerly plunge of these mineralised shoots. These deep primary shoots occur below 182m in this hole, while in hole TGGRC091 (collared about 100m to the north) the mineralisation was intercepted at a much shallower depth; from 124m (see Table 2 in link below).

    TGGRC092 was drilled over the inferred shear and only narrow gold intersections were recorded between 118-122m, including 1m at 2.42 gpt Au from 118m. TGGRC093 intersected narrow mineralised veins within the weathering profile of the shear zone and has just touched a mineralised shoot at 124m. TGGRC094 hit a deep mineralised shoot below 228m.

    TGGRC097 intersected a higher grade interval within the mineralised shoot which was encountered below 213m (9m at 4.8 gpt Au, including 3m at 11.6 gpt Au from 214m (see Figure 5 in link below).

    Based on the results of this and previous drilling campaigns, the geology at Lydia essentially consists of a massive dolerite with localised sheared / foliated zones. In these shear zones, strongly foliated dolerite is better described as mafic schists. The transition from the massive undeformed dolerite to the mafic schist is gradual. An intrusive unit with porphyritic textures has also been intersected in the shear and is foliated. Its origin is uncertain but initial interpretation is that it could be of lamprophyric or syenitic origin.

    Structural interpretation, particularly from the core from TGGRCDD001 and TGGRCDD098, has identified three main deformation events. D1 is interpreted as responsible for the main schistosity S1 of the mafic schists. D2 (E-W compression) has folded and rotated S1 along a moderate to steep south-west fold axis. S2 schistosity is locally observed crenulating S1 near the gold mineralisation. Generally the strike of S2 ranges from 3500 N to 0400 N and dips moderately to steeply to the west. It is the mains shear zone orientation. D3 (NE/SW compression) is responsible for the rotation of the F2 folds.

    The mineralisation controls appear structural rather than rheological, with gold mineralisation associated with arsenopyrite in quartz-sericite-sulphide vein systems. The zones of highly mineralised veining are constrained within S2 shear zones, striking to the NNE and steeply dipping to the WNW. The mineralised shoots follow the S1/S2 lineation, typically plunging at about 700 to the SSW. At vein scale, two main mineralisation styles are observed:

    - Laminated orogenic-type stringers with fine grain gold-bearing arsenopyrite associated with the S1 schistosity;

    - Gold-bearing arsenopyrite and pyrrhotite in silicified and sericitised quartz vein selvages. Sulphides are following S2 foliation and are more concentrated (and thus higher grade) in the multiple fold hinges.

    The vein systems hosting the gold mineralisation are still open at depth and along strike.

    The next phase of work will involve stepping collars back to the south-west along the extent of the shear zone to drill deeper towards the north-east to test for extensions and continuity beneath the mineralisation discovered to date, and also to test for further repetitions of the stacked shoots. Infill holes will also be drilled, potentially at 25m spacing, as a basis for an initial resource calculation.

    About Garden Gully.

    Thundelarra's wholly-owned Garden Gully project comprises 15 granted Prospecting Licences and 2 granted Exploration Licences covering about 78 square kilometres, located in Western Australia's Murchison region about 20 kilometres north-west of the town of Meekatharra.

    Thundelarra began exploration at Garden Gully in mid-2016 and continues to explore the project aggressively. To date almost 26,000m of drilling has been completed in 141 holes, comprising 23,432m of RC and 2,522.6m of diamond as we test the unquestioned potential of the exciting Garden Gully project, located in one of Western Australia's most productive gold provinces.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/KL381001

    Mr Tony Lofthouse
    Chief Executive Officer
    T: +61-8-9389-6927
    E: info@thundelarra.com.au
    W: www.thundelarra.com

    0 0

    Capital Mining Limited (ASX:CMY) (Capital or the Company) provides the following update on the Company's activities.

    Exploration Update

    Scotia Nickel and Cobalt Project (WA)

    The drilling program at the Scotia cobalt-nickel project was completed during the September quarter 2017. The program comprised of 7 RC percussion holes for a total of 1,224 metres. Refer to the September 2017 quarterly activities report (announced on 30 November 2017) for assay results.

    Mayfield Project (NSW)

    As outlined in the Company's September quarterly activities report, the Company has focused on:

    - the completion of rehabilitation of some historic past drilling sites;

    - review of past geophysical surveys to categorise the response of known mineralisation to assess the potential for further electromagnetic and magnetic surveys for additional target selection; and

    - review of metallurgical options is also planned for the oxide zone as a prelude to further drilling.

    Since November, rehabilitation of historic and recently drilled sites to a satisfactory standard has been completed. This rehabilitation work was carried out with the assistance of the Property Manager and will be revisited on a regular basis to ensure that regrowth on all disturbed sites has been suitably established.

    The review of metallurgical options and past geophysical surveys to assess potential targets is being undertaken by the Company's Exploration Manager, Ray Muskett. This work is ongoing and expected to be completed around the end of January 2018.

    Capital Cannabis Limited

    The Company refers to the announcement dated 30 November 2017 and advises that following the decision to discontinue medical cannabis investment opportunities, Capital is now taking advice on the closure of its subsidiary Capital Cannabis Limited.

    2017 Annual Report & Annual General Meeting

    The Directors anticipate completion of the 2017 annual report to occur shortly with the AGM to be held approximately four weeks thereafter. The Company has not been granted an extension of time to hold the AGM.

    Capital Mining Limited
    T: +61-8-9481-0389
    F: +61-8-9463-6103
    WWW: www.capitalmining.com.au
    

    0 0

    Speedcast International Limited (ASX:SDA), the world's most trusted provider of highly-reliable, fully-managed, remote communication and IT solutions, today announced that the company has been selected by Noble Corporation plc ("Noble") (NYSE:NE) to provide new IT communications equipment and fully-managed connectivity services to their global drilling fleet.

    Speedcast is uniquely positioned to offer a global "network of networks", allowing its customers to leverage the most robust, integrated network infrastructure available combined with the latest technology to deliver a superior service which meets customers' global requirements and pushes the envelope of innovation. Through a combination of satellite Very Small Aperture Terminals (VSAT) and 4G/LTE in key regions, Speedcast will deliver end-to-end managed communication services to Noble's fleet of vessels and rigs. The solution includes a technology change-out of the fleet's entire hardware infrastructure, with installations of dual-band antennas and the latest modem technologies to maximize throughput, security and redundancy. Noble will also benefit from segmented operational and crew networks to optimize efficiency and network availability. The end-to-end service will be supported by Speedcast's 24x7x365 global customer service centers, with local field engineers in each operating region to provide fast, reliable support, unmatched in the industry.

    "This award is a milestone endorsement of the investment we have made to establish Speedcast as the global leader in the energy sector. We are delighted to add Noble's global fleet to the premier energy customers that already place their trust in Speedcast," says Speedcast's COO and EVP of Energy, Keith Johnson. "This award allows us to demonstrate our truly global scale for reliable service in the most remote, harsh environments where critical and high priority connectivity solutions are required. We strive to instill the highest level of trust with our detailed, agile and flexible approach to meeting our customers' unique requirements and solving their most significant communications and technology challenges."

    Speedcast has extensive experience serving customers in the energy industry, supporting the top global drilling contractors, producers, and service companies. The company operates the world's most robust network in the industry, utilizing over 70 satellites with full redundancy over all major operating regions, an agnostic approach to the latest access technologies and an unmatched team of over 250 field engineers in 40 countries available 24x7 to deliver a fully-integrated, one-service experience for customers both onshore and offshore.

    Public Relations and Marketing:
    
    Toni Lee Rudnicki
    Vice President, Global Marketing
    Speedcast International Ltd
    E: tonilee.rudnicki@speedcast.com
    T: +1-832-668-2634
    
    Investors:
    
    Ian Baldwin
    Chief Financial Officer
    Speedcast International Ltd
    E: Ian.Baldwin@speedcast.com
    T: +61-2-9086-2785

    0 0

    Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd (ASX:ISX) (FRA:TA8) is pleased to announce that its subsidiary iSignthis eMoney Ltd ("ISXPay") has completed technical integration with Worldline, allowing the parties to commence their partnership announced in July 2017.

    Headlines:

    - iSignthis eMoney Ltd, a subsidiary of the leading RegTech payment and identity verification provider iSignthis Ltd, enters into an agreement with Worldline to provide eCommerce merchants the advanced capabilities of Paydentity(TM) with the acquiring (see Note below) experience and strength of Worldline (EPA:WLN).

    - Worldline is the largest pan European card acquirer and e-payment services company, with more than 45 years of experience.

    - Merchants to benefit from access to Worldline large scale card acquiring coupled with iSignthis RegTech

    - The service is now live across the European Economic Area

    Worldline, a Euronext listed (EPA:WLN), multi-billion market capitalization company has over 45 years of experience in the industry and is Europe's leading payment and transactional payment service provider. Worldline is able to process billions of electronic transactions per year with their strong industrial processing capabilities and highly secure data centers.

    European eCommerce merchants, including FinTech firms and qualified cryptocurrency exchanges, will now have access to an exciting new service that combines the RegTech capabilities of iSignthis, with the acquiring capabilities and expertise of Worldline, to be contracted and delivered via ISXPay.

    Merchant's contracting directly to the ISXPay service via iSignthis will have access to the full Paydentity(TM) suite of AML/CFT compliance services. Paydentity(TM) services include customer due diligence, identity verification, payment acceptation and authentication solutions, transaction monitoring, and original credit transfers (OCT), coupled with the Worldline Visa and Mastercard acquiring, settlement and clearing services.

    Paydentity(TM) addresses the critical aspects of due diligence, monitoring and authentication requirements of the 4th Anti Money Laundering Directive (4AMLD) and Payment Services Directive 2 (PSD2), and is currently being deployed to major FinTech services companies and ecommerce merchants in Europe. The Worldline agreement allows for a faster and more expansive go to market strategy, and allows iSignthis to leverage the balance sheet, cash settlement and clearing capabilities of Worldline to provide surety to even the largest merchants.

    iSignthis eMoney Ltd ("ISXPay") will be operating under its own eMoney Monetary Financial Institution license to directly contract European merchants. It will offer merchants the end to end Paydentity(TM) service, including identity verification, authentication together with the strength and assurance of the Worldline card acquiring services delivered via ISXPay. ISXPay services include JCB card acceptance, and alternative payment methods within Europe and Australia, for Fintech and cryptocurrency exchanges.

    iSignthis will now move to contract its pipeline of prospective EEA merchants, and seek to onboard them as quickly as possible. The ISXPay(R) Paydentity(TM) product offering allows merchants in the high risk categories to take advantage across the two key continents of Europe and Australia, the world's leading identity verification, customer due diligence, and payments platform, via a single integration.

    About Worldline (EPA:WLN)

    Worldline (EPA:WLN) is the European leader in the payments and transactional services industry. Worldline delivers new-generation services, enabling its customers to offer smooth and innovative solutions to the end consumer. Key actor for B2B2C industries, with nearly 45 years of experience, Worldline supports and contributes to the success of all businesses and administrative services in a perpetually evolving market. Worldline offers a unique and flexible business model built around a global and growing portfolio, thus enabling end-to-end support. Worldline activities are organized around three axes: Merchant Services, Mobility & e-Transactional Services, Financial Services including equensWorldline. Worldline employs more than 8,700 people worldwide, with an estimated pro forma revenue of more than 1.5 billion euros on a yearly basis. Worldline is an Atos company.

    To view the release in German, please visit:
    http://abnnewswire.net/lnk/325KG6R7

    Media: contact@isignthis.com
    
    Investor Relations
    Chris Northwood
    Activ8Capital
    T: +61-458-809-177 
    E: cnorthwood@activ8capital.com.au

    0 0

    New Century Resources (ASX:NCZ) has released an initial resource for its South Block deposit, part of the Century Zinc operation in Queensland. Highlights of the announcement include the following.

    - South Block resource - 6.1 Mt at 6.8% Zn + Pb (5.3% Zn, 1.5% Pb, 43 g/t Ag).

    - Total hard-rock resource - 9.3 Mt at 10.8% Zn + Pb (6.1% Zn, 4.7% Pb, 66 g/t Ag).

    - Expansion feasibility study to assess potential for in situ resources to enhance Century's mine life and increase zinc and lead production.

    Analyst comment: the increase in the hard-rock resource has confirmed our long-held belief that there is significantly more potential at the Century Zinc operation than just the tailings reprocessing opportunity.

    We take the view that the existing hard-rock resource alone will underpin a positive expansion feasibility study, which will lead to hard-rock mining recommencing at the Century mine (TSI estimate: 2020), operating in parallel with the tailings reprocessing operation.

    Processing tailings and hard-rock assets simultaneously will extend the operations mine life from six to 10 years and allow for greater operational flexibility (ore will be sourced from at least four deposits rather than one). Moreover, both the forecast total and annualised revenues will benefit from an increase in silver as well as lead production (the latter metal, we note, is trading at a six-year high).

    Based on the current resource, we predict that hard-rock operations will continue for an initial five-year period (1.6 Mt OP and 0.6 Mt UG). And, given that the significant historical exploration database is still under review, it seems probable that more deposits - those deemed too small by previous operators at Century - will be proven up and brought into the future mine plan.

    Prior to production from the tailings reprocessing facility commencing in 3Q 2018 and the release of the expansion feasibility study later this year (4Q 2018), we expect that New Century's debt facility with Sprott will be finalised, as will an announcement regarding zinc offtake over the coming months.

    Valuation: having incorporated the hard-rock resources into our projected mine plan, which has increased our valuation to $3.61/share (previously $3.10).

    To view the video, please visit:
    http://www.abnnewswire.net/press/en/91718/NCZ

    Adam Kiley
    Director 
    TSI Capital Pty Ltd
    M: +61-404-945-234
    E: adam.kiley@tsicapital.com.au
    www.thesophisticatedinvestor.com.au

    0 0

    SEEK (ASX:SEK) (OTCMKTS:SKLTY), Australia's number one employment marketplace, is launching voice activated job search in Australia, through Amazon (NASDAQ:AMZN) Alexa, meaning SEEK users will be among the first in Australia to access career, company and job updates and insights simply by using their voice.

    Through the Alexa Skills Kit (ASK), a collection of self-service APIs and tools which enable developers to create new 'skills' for Alexa, SEEK is launching a host of skills allowing its users across Australia to use voice search to job search as well as access unique insights to help inform career choices.

    SEEK is among some of the first Australian brands, and the first Australian employment marketplace, to build Alexa skills in Australia.

    "Voice is without a doubt the next big technology trend. Being one of the first brands in the country to develop Alexa skills gives SEEK an opportunity to experiment with what type of career content resonates with users through voice search technology" said Michael Ilczynski, Managing Director ANZ at SEEK.

    SEEK Company Reviews and SEEK Jobs skills, as well as weekly SEEK employment market updates, will now all be available with Alexa, creating an innovative and comprehensive job searching experience. Any SEEK customer with an Amazon Echo will now be able to hear the latest jobs, find out what it's like to work at a company and hear the latest employment news.

    Michael added: "We are incredibly excited to be the first employment marketplace in Australia to be able to offer voice activated job search and career insights for our customers with Amazon Echo and Alexa. Australian's are engaging with SEEK for more than just active job applying which is why we developed SEEK Company Reviews and SEEK employment market updates for Alexa. This is a continuation of the commitment we have to investing in technology solutions that will connect Australians to the most up to date employment market and job information, to enable them to make informed career decisions."

    SEEK Jobs

    The SEEK Jobs skill with Alexa offers another way in which candidates can job search through SEEK. A job seeker can start by saying "Alexa, enable SEEK Jobs," and then say; "Alexa, ask SEEK Jobs for Project Manager roles in Melbourne," to which Alexa will read out the most recent jobs and ask whether they would like the job emailed to them. Users can also receive the latest jobs by email, giving them more detail of the role they heard on Alexa.

    SEEK Company Reviews

    The SEEK Company Reviews skill helps job seekers find the right company by sharing real reviews from previous and current employees to help them discover what it's really like to work there. Users can start by saying "Alexa, enable SEEK Company Reviews," then say "Alexa, ask SEEK Company Reviews for [Company Name] ratings", Alexa will share the rating of the company they're interested in working at and ask whether they would like further information emailed to them.

    SEEK Employment Market Update

    SEEK has strong engagement with people at all stages of their career, not just those actively looking for jobs. Through the SEEK Employment Market updates with Alexa, people can keep their finger on the pulse about the labour market broadly, receiving weekly news about what's happening in the employment market, in their local state, key industries, and the latest salary trends. This is a Flash Briefing Skill which can be enabled in the Alexa app. Once enabled, Users simply ask "Alexa, what's in the news" or "Alexa, what's my Flash Briefing" to hear the latest update.

    Sarah Macartney
    Corporate Communications and Public Relations Manager
    E: smacartney@seek.com.au

    0 0

    Cardinal Resources Limited (ASX:CDV) (TSE:CDV) ("Cardinal" or "the Company") is pleased to report assay results from its continued infill drilling programme of the Namdini Gold Project in Ghana.

    Cardinal's Chief Executive Officer / Managing Director, Archie Koimtsidis said:

    "These results are particularly encouraging as they lie outside the expected starter pit area and continue to confirm the wide and ubiquitous extent of mineralisation at Namdini.

    "Confidence in the continuity and robustness of the Namdini gold resource is increasing with the return of more results from the 9,000m infill drilling programme which began following the release of our September 2017 Mineral Resource update.

    "When completed, we anticipate that results from this current 9,000m programme to lead to an upgrade in the current Mineral Resource in both size and category, which is anticipated to be reported during Q1 2018.

    "Separate to the infill programme at Namdini, we have drill rigs active testing some of our regional exploration licences, and we look forward to providing information from these first pass drill programmes.

    "We are also continuing to advance the Preliminary Economic Assessment which is expected to be reported in Q1 2018."

    HIGHLIGHTS FROM NAMDINI 9,000m INFILL DRILLING RETURNED TO DATE

    - 12m at 7.6g/t Au from 343m - NMDD132

    - 27m at 6.0g/t Au from 231m - NMDD145

    - 11m at 4.9g/t Au from 184m - NMDD128

    - 17m at 4.8g/t Au from 368m - NMDD132

    - 12m at 4.9g/t Au from 394m - NMDD144

    - 10m at 4.3g/t Au from 447m - NMDD135

    - 28m at 4.1 g/t Au from 318m - NMDD144

    - 72m at 3.3 g/t Au from 348m - NMDD135

    - 65m at 3.0 g/t Au from 189m - NMDD132

    - 23m at 3.0g/t Au from 147m - NMDD135

    - 16m at 2.7g/t Au from 431m - NMDD133

    - 25m at 2.7g/t Au from 190m - NMDD123

    - 37m at 2.6g/t Au from 254m - NMDD134

    - 64m at 1.8g/t Au from 415m - NMDD136

    - 30m at 2.2g/t Au from 100m - NMDD124

    - 61m at 1.4 g/t Au from 277m - NMDD138

    - 29m at 2.0g/t Au from 473m - NMDD136

    - 54m at 1.5 g/t Au from 127m - NMDD145

    - 26m at 1.7g/t Au from 208m - NMDD137

    - 130m at 1.0g/t Au from 295m - NMDD150

    Individual gold intersections are >0.5 g/t Au with no more than 3m of consecutive internal dilution at
    DISCUSSION OF RESULTS

    Infill drilling results have been returned from the comprehensive campaign to continue to add definition to the Namdini Mineral Resource. The infill drill results continue to support strong continuity of the mineralized zones.

    Assay results are pending from a further nine diamond holes already completed, which will be incorporated into the database that forms the basis for a Mineral Resource upgrade expected in Q1 2018.

    Figure 1 (see link below) illustrates a plan view of the collar locations of drill holes and a typical interpretive section through the mineralization which is displayed in Figure 2 (see link below). Meta Data for significant intercepts are tabulated in Table 1, Schedule 1 (see link below). Details of all significant intercepts are provided in Table 2, Schedule 1 (see link below).

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/V4N8M8Z9

    Archie Koimtsidis
    CEO / MD
    Cardinal Resources Limited
    P: +61-8-6558-0573
    
    Alec Rowlands
    IR / Corp Dev
    Cardinal Resources Limited
    P: +1-647-256-1922

    0 0

    Investigator Resources Limited (ASX:IVR) is pleased to announce verification of cobalt and the discovery of rare earth element (REE) mineralisation at the 19th century Cartarpo copper-cobalt mine within the Company's new tenement EL 5999 (see Figure 1 in link below).

    - Shallow grab samples assay up to 1.78% Co & 1.1% Rare Earth Elements

    - On prospective corridor 20km from Burra copper mine

    - No evidence of prior drilling

    - Exploration potential for 10km of covered extensions within IVR tenement

    The Cartarpo mine comprises small largely infilled workings scattered along about 400m strike length (see Figure 2 in link below). The mineralisation was recorded as cobaltite and malachite in quartz veins with iron and manganese oxides. About 6 tonnes of high-grade ore were reported to have been mined during 1867 - 1872 with one ore parcel estimated to grade 5% cobalt and 6% copper. The main shaft has been infilled, likely with mullock which is absent on the surface.

    The Company conducted its first field visit in November to verify the cobalt mineralisation and exploration potential. Sampling of the remaining gossan exposures 200m apart returned strong values of up to 1.78% cobalt and 1.1% combined REEs including heavy REEs, along with copper to 0.5%, nickel to 0.4% and lithium to 0.3% (see Figure 2; Appendix A in link below). The workings were not accessible to determine mined widths or potential haloes.

    The Cartarpo mine is interpreted by IVR to be situated on a north-west corridor of substantial historic copper and gold mines extending from Burra. During the 1800's, Burra was the largest metals mine in Australia and modern work has identified the copper mineralisation is associated with an intrusive.

    The metals recognised by IVR at Cartarpo point to a new deposit style in the corridor that is more akin to alkalic or carbonatite/kimberlitic intrusions. Cartarpo is interpreted as coinciding with the intersection of the Burra corridor with the fold nose of a fault-enhanced stratigraphic horizon that hosts other manganiferous cobalt occurrences in the district (see Figure 1 in link below).

    It is evident the early prospectors located the Cartarpo mineralisation where gullies incised the western side of the soil- and calcrete-covered ridge corresponding with the trend of the workings (see Figure 2 in link below). There is potential for intrusive-related mineralisation under the ridge within the 400m trend of workings and in the surrounding 50km2 area that is interpreted to have a prospective combination of favourable faults and stratigraphy.

    The only effective prior exploration was a 1989 regional stream sediment survey that returned an anomalous gold sample of 0.8ppb in the north-westerly drainage dispersing from Cartarpo (see Figure 1 in link below). This implies further targets as no gold was detected in the Cartarpo gossans.

    Investigator considers the potential of the Company's Cartarpo tenement is significantly raised by the verification of high cobalt grades and the new identification of REEs, lithium and nickel at the historic Cartarpo copper mine.

    Further mapping and geochemical surveys are planned during the current quarter.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/A4N9IQ44

    Mr John Anderson
    Managing Director
    Investigator Resources Limited
    E: info@investres.com.au
    T: +61-8-7325-2222
    
    Mr Peter Taylor
    Investor Relations
    NWR Communications
    E: peter@nwrcommunications.com.au
    T: +61-41-203-6231

    0 0

    The Board of TopBetta Holdings Limited (ASX:TBH) ("TopBetta" or the "Company") is pleased to provide an update on the Company's activities for the quarter ended 31 December 2017.

    Highlights

    - Turnover up 52% from September quarter to $82.91M

    - Total revenues up 95% from September quarter to $6.92M

    - Active Unique Client numbers up 30% from September quarter to 14,223

    - TopBetta generated race field fees of $1.59M during quarter (up from $0.94M in the September quarter) for Australian racing bodies

    The Company recorded wagering and tournament turnover for the quarter of $82.91M (see Note below), up 52% on the previous quarter (from $54.62M (see Note below) in the September quarter) and a significant uplift on the previously announced forecast of $75M. The two major drivers of increased turnover have been pleasing growth of the Company's wholly-owned Alderney-based subsidiary, The Global Tote Ltd ("The Global Tote"), through its pooled betting platform, and a solid quarterly period for the Australian retail platform (topbetta.com.au), which focused on aggressive customer acquisition over this period to maximise exposure during Victorian Racing's Spring Carnival.

    As a result of these marketing initiatives and promotions, the Company grew its Active Unique Clients by 30% from the previous quarter to 14,223 from 10,904.

    This has resulted in Wagering and Tournament revenue for the December quarter being up 100% on the previous quarter to $6.68M (see Note below) (up from $3.34M (see Note below) in the September quarter). Total revenue for the quarter was up 95% from the previous quarter to $6.92M (see Note below) (up from $3.55M (see Note below) in the September quarter).

    TopBetta's Managing Director, Todd Buckingham, commented: "I am pleased to update shareholders that the Company is exactly where we thought it would be regarding total Company turnover, if not slightly exceeding our own expectations, which has resulted in healthy revenue growth. Our Active Unique Client number (14,223) is the highest it has been and it positions us well for a strong 2018.

    "During the December quarter, the Company generated $1.59M (see Note below) for Australian racing bodies through Race Fields fees and over $2.5M (see Note below) for the half year up until December 31st, which would be a very pleasing result for the racing industry."

    The Global Tote International Distribution Agreements

    During the December Quarter the Company announced that The Global Tote, which is licenced in Alderney (UK), had entered into two global agreements.

    Official UK Totepool

    On 22 December 2017, the Company announced that The Global Tote had signed an agreement with the Official UK Totepool, Totepool Alderney Limited ("Totepool"), which provides the opportunity for The Global Tote's pools to be distributed through more than 10,000 UK and European betting shops and some of the world's top global wagering websites.

    Under the terms of the agreement, UK wagering operators will be able to offer punters access to The 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 and Totepool, a division of Betfred and the current exclusive operator of UK's racing tote, commenced on 1 January 2018 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.

    US Distribution Agreement with WatchandWager.com

    On 27 December 2017, the Company announced that The Global Tote had signed a distribution deal with US-based WatchandWager.com LLC ("WatchandWager.com"). Under the agreement WatchandWager.com will become the first American partner of The Global Tote's pools with North American punters able to bet on Australian thoroughbred, harness and greyhound fixtures.

    Note: All financial figures contained in this Announcement are provided on an unaudited basis.

    To view tables, please visit:
    http://abnnewswire.net/lnk/59ABQD4J

    Charly Duffy
    Company Secretary
    E: companysecretary@topbetta.com
    T: +61-409-083-780
    
    Jane Morgan
    Investor & Media Relations
    E: investors@topbetta.com
    T: +61-405-555-618

    0 0

    Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX:ISX) (FRA:TA8), the global leader in RegTech for identity verification and transactional banking/payments, is pleased to provide the following business update and Appendix 4C for the quarter ended 31st December 2017.

    Highlights:

    - Total recurring transactions (Tx) for the December quarter outperformed expectations, increasing +153% vs the September quarter:

    o This outperformance was driven by stronger than expected platform usage from existing customers and the addition of new customers in November and December 2017

    o The Company expects growth to normalise to more sustainable levels and provides guidance for the March quarter Tx volumes of approximately 30% QoQ

    - Settlement processing for customers commenced in the quarter, with revenue booked for the first time and initial settlement GTPV values processed by customers are very encouraging.

    - Unaudited revenue of A$553k for the December quarter, representing an increase of 100% from the September quarter

    o Total unaudited revenue for the 1HFY18 of A$829k

    - Cash Receipts for the December quarter increased to A$392k

    - Subsequent to the end of the quarter, iSignthis announced last week that the partnership with Worldline to provide payment settlement services to EU based customers went "live". iSignthis will now move to contract its pipeline of prospective EEA merchants, and seek to onboard them as quickly as possible.

    To view the full report with tables and figures, please visit:
    http://abnnewswire.net/lnk/A4LFXZ46

    iSignthis Ltd
    T: +61-3-8640-0990
    F: +61-3-8640-0953
    E: investors@isignthis.com
    WWW: www.isignthis.com

    0 0

    Mithril Resources Limited (ASX:MTH) provides the Company's Quarterly Activity Report for the period ending 31 December, 2017.

    Key Points

    Kurnalpi (Nickel-Cobalt)

    - New target identified from review of historic drilling data with strong nickel-cobalt intercepts;

    o 42m @ 1.25% nickel, 0.07% cobalt from 24 metres including 6m @ 1.78% nickel, 0.20% cobalt from 28 metres, and

    o 19m @ 1.08% nickel, 0.07% cobalt from 33 metres including 6m @ 1.17% nickel, 0.11% cobalt from 35 metres

    - EM geophysics currently underway with drilling to follow

    Billy Hills (Zinc)

    - New target zone identified which includes significant historic drill intersections and gossan along strike from drill intercepts of more than 10% zinc + lead at the Pillara West Prospect

    - Target generation continuing ahead of field work planned for mid-2018

    Southern Target Area (Copper, Zinc)

    - Previously unexplored 13km long target zone extending along strike from known copper and zinc mineralisation

    - EM geophysics planned for early February 2018

    Corporate and Cash

    - Cash reserves of $0.90M at 31 December 2017.

    To view the full report with figures, please visit:
    http://abnnewswire.net/lnk/XK192330

    Mithril Resources Ltd
    David Hutton
    Managing Director
    E: admin@mithrilresources.com.au
    T: +61-8-8132-8800
    F: +61-8-8132-8899
    www.mithrilresources.com.au

    0 0

    Brand Protection and Customer Connection solutions company YPB Group Ltd (ASX:YPB) has raised $5.0m via a placement to sophisticated and institutional investors.

    - YPB raises $5m part of which is subject to shareholder approval

    - Stock suspension requested until February 15th pending final execution of strategic relationship

    Capital raise

    The placement will be in two tranches. The first tranche is $3.8m with the balance of $1.2m subject to shareholder approval at an EGM at the earliest possible date, presently expected to be March 2nd. Tranche 1 accounts for 76% of the funds raised with an issue price of $0.04557 in accord with the specific shareholder approval of 27 November 2017 and each share has 0.3307 of a free attaching 12 month option with an exercise price of $0.001. The option issue is subject to shareholder approval. Tranche 1 shares and options total approximately 109.3m. Tranche 2 shares total approximately 34.6m and will have an issue price of $0.035. Following approval of and conversion of the options and issuance of the tranche 2 shares the average placement price will be $0.035 and a total of approximately 143.9m shares will have been issued. Funds will be used to complete the purchase of Motif Micro, to terminate the Bracknor convertible funding facility and for general working capital.

    Voluntary trading suspension

    YPB has fully agreed a strategic relationship which Directors believe will prove material to the Company's future and stock price. Final contractual execution is imminent but is subject to the partner's internal processes and a date for final execution cannot presently be specified. Consequently, the company has requested the voluntary suspension be extended to February 15th 2018. Should contractual execution occur before that date application will be made to the ASX to lift the voluntary suspension.

    YPB Executive Chairman John Houston said: "While it is again most disappointing to be raising equity with such a weak stock price, the strong participation by long-standing supporters should be encouraging to all shareholders. 2018 will be a transformational year for YPB and with some exciting developments in train, we anticipate being be able to demonstrate significant strategic progress to shareholders in the near term."

    Mr. John Houston 
    Executive Chairman
    YPB Group Limited
    T: +61-458-701-088 
    E: john.houston@ypbsystems.com 
    
    Mr. Gerard Eakin
    Director
    YPB Group Limited
    T: +61-427-011-596
    E: eakin@manifestcapital.com
    W: www.ypbsystems.com

    0 0

    Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) ("Blackham" or "the Company") is pleased to announce that it has today launched a fully underwritten 5 for 2 renounceable entitlements issue to raise approximately $36 million (before costs) ("Entitlements Issue"), which represents the final step in its previously announced recapitalisation strategy.

    Highlights

    - Fully underwritten 5 for 2 renounceable Entitlements Issue to raise approximately $36 million (before costs)

    - Sub-underwriter bookbuild completed by Lead Manager, Hartleys Limited, was heavily oversubscribed, with strong demand from high quality domestic and international institutional and professional investors

    - The significant level of demand for sub-underwriting resulted in an agreed reduction in the quantum of sub-underwriting by MACA, Orion and PYBAR from $13 million to $4 million (in aggregate)

    - New shares to be issued at $0.04 per share, together with one free attaching listed $0.08 option (expiring 31 January 2019) for every two new shares issued

    - Upon completion of the Entitlements Issue Blackham will have a strengthened balance sheet that will underpin a transformational 2018, during which it intends to:

    o achieve strong cashflow generation from operations;

    o repay the $23 million project financing facility with Orion ($20.5 million after the Entitlements Issue, to be fully repaid by the end of 2018);

    o continue exploration drilling targeting an ongoing five-plus year free-milling mine life; and

    o end the calendar year in a net cash position

    - Fully underwritten entitlements Issue allows Blackham shares to recommence trading on the ASX

    Following the Entitlements Issue, Blackham will have a strengthened balance sheet to underpin a transformational 2018, during which it intends to:

    o achieve strong cashflow generation from operations;

    o repay its $23 million project financing facility with Orion ($20.5 million after Entitlements Issue, to be fully repaid by the end of 2018);

    o continue exploration drilling targeting an ongoing five-plus year free-milling mine life; and

    o end the calendar year in a net cash position.

    Significantly, the Company will maintain a sound cash position once the Entitlements Issue is complete and all relevant payments have been made, with cash expected to remain above $15 million during 2018.

    Hartleys Limited ("Hartleys") is Lead Manager and arranger of the underwriting and received strong demand from its domestic and international institutional and professional investor network to participate in subunderwriting the Entitlements Issue.

    Blackham's Executive Chairman, Milan Jerkovic, said:

    "It is very pleasing to see the level of interest in the Entitlements Issue that was received during the subunderwriting process as well as the high quality of investors that have entered into sub-underwriting agreements. With the Entitlements Issue fully underwritten, we can now move forward with the final stage of our recapitalisation strategy.

    Blackham will be well funded with a strong balance sheet to enable us to focus initially on a simple free milling mine plan at the Matilda-Wiluna Gold Operation and enjoy a period of stable gold production having recently accessed high grade ore zones. The Company is at an exciting stage, with 2018 expected to be a transformational year of strong operational performance that is likely to generate significant cash flow and value for Blackham and its shareholders."

    Details of the Entitlements Issue

    The fully underwritten renounceable pro-rata Entitlements Issue is for up to 897,670,820 new shares on the basis of five new shares for every two existing shares held by eligible shareholders at the record date (5:00pm (WST) on Monday, 29 January 2018), at an issue price of $0.04 per new share, together with one free attaching listed $0.08 option (expiring 31 January 2019) for every two new shares issued, to raise approximately $36 million (before costs). Eligible shareholders are also invited to apply for new shares and new options in excess of their entitlement.

    Eligible shareholders are those with a registered address in Australia and New Zealand on the record date.

    Entitlements Issue is Fully Underwritten

    The Entitlements Issue is fully underwritten. As previously announced on 15 January 2018, each of MACA Limited ("MACA"), Orion Fund JV Limited ("Orion") and PYBAR Mining Services Pty Limited ("PYBAR") provided sub-underwriting pre-commitments of up to $8 million, $2.5 million and $2.5 million respectively. Due to the significant level of sub-underwriting interest from a number of high quality domestic and international institutional and professional investors, there has been an agreed reduction in the amount of sub-underwriting undertaken by MACA, Orion and PYBAR, with their sub-underwriting commitments now being for up to $2 million, $1 million and $1 million respectively, for a total of $4 million.

    Each of MACA, Orion and PYBAR had the opportunity to further reduce their sub-underwriting commitments, but each elected to maintain their participation in the entitlements issue at these levels, further demonstrating their ongoing support for Blackham and its Matilda-Wiluna Gold Operation.

    To the extent that the number of shortfall shares ultimately allocated to each of MACA, Orion and PYBAR is less than each of their original sub-underwriting pre-commitments, the reduction will be paid out of Entitlements Issue proceeds, such that the amount owed by Blackham to each of MACA, Orion and Pybar will still reduce by $8.0 million, $2.5 million and $2.5 million respectively upon completion of the Entitlements Issue.

    As previously announced, Blackham Executive Chairman, Mr Milan Jerkovic has committed to personally subunderwrite up to $500,000 of the Entitlements Issue.

    Further details in relation to the Entitlements Issue can be found in the prospectus released by the Company today.

    Timetable

    The proposed indicative timetable for the Entitlements Issue is shown below:

    Event: Prospectus lodged with ASIC and ASX
    Entitlements Issue announcement lodged with ASX
    Lodgement of Appendix 3B

    Date: Post market close on Monday, 22 January 2018

    Event: "Ex" date (being the date that shares start trading without the entitlements to participate in the Entitlements Issue)

    Date: Thursday, 25 January 2018

    Event: Rights trading starts on a deferred settlement basis

    Date: Thursday, 25 January 2018

    Event: Record Date to determine Entitlements

    Date: 5:00pm (WST) on Monday, 29 January 2018

    Event: Opening date of Entitlements Issue

    Despatch of the prospectus and entitlement and acceptance Form to eligible shareholders

    Date: Tuesday, 30 January 2018

    Event: Rights trading ends

    Date: Monday, 5 February 2018

    Event: Shares quoted on a deferred settlement basis

    Date: Tuesday, 6 February 2018

    Event: Closing date for acceptances under the Entitlements Issue

    Date: 5:00pm (WST) on Monday, 12 February 2018

    Event: ASX Announcement update on applications received

    Date: Tuesday, 13 February 2018

    Event: ASX notified of under subscriptions under the Entitlements Issue

    Date: Thursday, 15 February 2018

    Event: Settlement Date for sub-underwriting

    Issue Date of New Shares and deferred settlement trading of New Shares ends

    Date: Monday, 19 February 2018

    Event: Trading of New Shares expected to commence

    Date: Tuesday, 20 February 2018

    Event: Holding statements despatched

    Date: Tuesday, 20 February 2018

    Event: Last day by which the Securities (if any) under the Shortfall Offer may be issued

    Date: Friday, 11 May 2018 (being 3 months after the Closing Date)

    The above dates are indicative only and subject to change. The Company reserves the right, subject to the Corporations Act and the Listing Rules, to extend these dates without prior notice including extending the last date for receipt of the Entitlement and Acceptance Form, or to delay or withdraw the Entitlement Offer at any time without prior notice.

    Corporate Matters

    In connection with a Share Purchase Agreement announced on 31 August 2017 between the Company and The Australian Special Opportunity Fund, LP ("Agreement"), the Company has terminated the Agreement in full and final settlement for the 3,250,000 Collateral Shares that were previously issued under the Agreement.

    Forward Plan Summary

    Following the completion of the Entitlements Issue, Blackham will be well funded as it enters a significantly lower risk period of production, which will initially focus on free milling gold production with an expected stripping ratio of less than half of recent levels (7:1 vs 16.5:1) for the current free milling mine plan, providing a significant step change in project economics. This, in conjunction with continued access to high grade ore zones that are supported by extensive grade control drilling, will provide ongoing mill supply and continued growth in high grade stockpiles and is expected to deliver a period of strong operational cash flows.

    Due to available carried forward tax losses, Blackham does not expect to pay income tax during the current free milling mine plan. This cash flow will ensure there is a significant level of exploration drilling going forward, focussed on identifying additional free milling mineralisation as well as increasing the 1.2Moz of gold reserves (currently 15Mt @ 2.5g/t) by converting more of the Company's very large resource base (65Mt @ 3.1g/t for 6.5Moz) to reserves.

    Enquiries

    The prospectus and associated ASX releases will be made available shortly on the Company's website at http://www.blackhamresources.com.au

    Copies of the prospectus and entitlement forms will be mailed to all eligible shareholders in accordance with the timetable set out above. For enquiries in regard to individual shareholdings please contact Link Market Services on 1300 730 659.

    This announcement, together with the release of the Entitlements Issue prospectus will lift the suspension in trading of Blackham shares.

    To view the release, please visit:
    http://abnnewswire.net/lnk/67HL5D4P

    To view the Prospectus, please visit:
    http://abnnewswire.net/lnk/82A2134E

    To view the letter to Shareholders, please visit:
    http://abnnewswire.net/lnk/DS63EO20

    To view the letter to Option holders, please visit:
    http://abnnewswire.net/lnk/SJ1M0FSL

    Milan Jerkovic
    Chairman
    Blackham Resources Limited
    Office: +61-8-9322-6418
    
    Jim Malone
    Investor Relations Manager
    Blackham Resources Limited
    Office: +61-419-537-714
    
    John Gardner
    Media Relations
    Citadel-MAGNUS
    Office: +61-413-355-997

    0 0

    Otherlevels Holdings Ltd (ASX:OLV) provides the Company's latest Investor Presentation.

    Execution In H1 FY18

    Positive Operating Cash Flow

    - Record cash receipts

    - Positive operating cash flow in Q2 FY18

    - Maintained focus on operating expenses

    Customer Growth and Retention

    - First month of regular operations exceeding A$500k revenue

    - New customer adds and existing customer expansion

    - Increased Services, including Managed Services

    Platform Investment

    - Enhanced Intelligent Messaging as central to the OtherLevels platform

    - Expanded real-time messaging capabilities, adding In-Play for wagering sector

    - Released upgraded Salesforce integration

    OtherLevels provides a leading enterprise marketing automation platform and is focused on the continued shift in enterprise marketing spend to digital channels and the growth of mobile devices.

    Strong Progress to Positive Operating Cash Flow

    - Progress towards continuing operational positive cashflow

    o Q2 FY18 is the first quarter of positive operational cashflow

    o Result of sales growth and focus on operational cost control

    - Record cash receipts and strong cost focus in H1 FY18

    o Exceeded A$2m in cash receipts for a quarter for the first time

    o 66% increase in H1 cash receipts (excluding R+D) of A$2.7m compared with A$1.6m in H1 FY17

    o 22% reduction in cash expenses from A$5.2m in H1 FY17 to A$4.1m

    o 77% improvement in net operating cash flow from (A$2.75m) in H1 FY17 to (A$0.6m)

    o A$761K cash at end H1 FY18

    To view the full presentation, please visit:
    http://abnnewswire.net/lnk/AYT91759

    Otherlevels Holdings Ltd
    T: +1-415-697-2130
    WWW: www.otherlevels.com
    

older | 1 | .... | 211 | 212 | (Page 213) | 214 | 215 | .... | 321 | newer