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Asia Business News

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    MNF Group Ltd (ASX:MNF) provides the Company's half year results and business update.

    REVENUE $116.7 million

    - FY18 H1 Revenue increased 28% on the prior corresponding period (PCP) to $116.7m.

    MARGIN $34.1 million

    - FY18 H1 Margin increased 27% on thePCP to $34.1m. All segments made positive contributions to the result with solid organic growth across the business.

    EBITDA $11.9 million

    - FY18 H1 EBITDA increased 19% on the PCP to $11.9m. The result is in line with expectation and is due to strong organic growth and the contribution from CCI acquisition.

    NPAT $6.1 million

    - FY18 H1 NPAT increased 25% on the PCP to $6.1m.

    EPS 8.30c

    - FY18 H1 EPS increased 16% on the PCP to 8.30 cents.

    DIVIDEND 4.30c

    - A fully franked interim dividend of 4.30 cents per share was declared for H1. This is a 15% increase on the PCP and represents 52% of EPS, consistent with the historical trend.


    - Overall Gross Margin is up 27% due to strong organic growth and contribution of the CCI acquisition. Underlying organic growth of 15% on PCP. Gross Margin is inline with budget expectation.


    - Overall Revenue is up 28% and is inline with budget expectation.


    - Segment margin grew 39%. Organic growth in Small Business margin was offset by decline in legacy Residential gross margin. CCI contribution is as expected.


    - Segment margin performing strongly with 17% organic growth on PCP, with a strong H2 expected due to strong growth in hosted mobile services.


    - Segment margin performing well with 27% organic growth on PCP. Shifts in revenue types are assisting growth, combined with stability in legacy business.

    To view the full presentation, please visit:

    Rene Sugo, CEO
    T: +61-2-9994-8590

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    Investigator Resources Limited (ASX:IVR) is pleased to announce that the first drilling of the Trojan porphyry copper-gold target is scheduled to commence on 14th February. The Trojan target lies within the 100% IVR-held Peterlumbo tenement (see Figure 1 in link below) 5km southeast of the Company's Paris 42Moz silver project.

    - Large undrilled Trojan IP target at interpreted centre of Nankivel porphyry system

    - Prior adjacent drilling shows trademark porphyry vectors to shallow Trojan target

    - All clearances finalised for drilling

    - Drill contractor mobilising to site.

    Investigator drilling with government PACE assistance during 2016 and 2017 confirmed the porphyry setting and mineral-geochemical zonation for the Nankivel system. Induced Polarisation ("IP") geophysical surveying delineated a large 2km by 600m chargeability anomaly, nominated as the Trojan target (see Figure 2 in link below) with copper-gold potential at the interpreted centre of the porphyry system.

    A reverse circulation percussion ("RCP") drill rig has been secured to drill three 250m deep holes to test the top of the Trojan target (see Figure 2 in link below). The holes will be extended if encouraging copper mineralisation is intersected.

    Investigator's Managing Director John Anderson said "Investigator's drilling will test if the Trojan IP target is a copper-gold mineralised centre as often found in zoned porphyry systems around the world. If so, it will significantly enhance the prospectivity and value of the Peterlumbo tenement which already hosts the substantial Paris silver deposit."

    "Following the Trojan drilling, the rig will drill four holes at Paris to follow up promising silver extensions detected by a smaller depth-limited RCP rig in December (IVR - ASX release 29 January 2018)." Mr Anderson added.

    To view figures, please visit:

    Mr John Anderson
    Managing Director
    Investigator Resources Limited
    T: +61-8-7325-2222
    Mr Peter Taylor
    Investor Relations
    NWR Communications
    T: +61-41-203-6231

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    White Rock Minerals Ltd (ASX:WRM) ("White Rock" or the "Company") wishes to advise that DJ Carmichael ("DJC") has released an updated research note on the 2018 Exploration strategy planned for the Company's globally significant Red Mountain Zinc - Silver VMS Project.

    MD&CEO Matt Gill said "The Company is very excited about the potential for its globally significant high-grade Zinc VMS Project at Red Mountain and the progress it has made with the Pre-Feasibility Study ("PFS") at the Mount Carrington Gold - Silver Project.

    The Company announced its exploration strategy for Red Mountain prior to Christmas and planning for this is now well underway. The Company also released the positive findings from its Mt Carrington PFS around the same time.

    The most recent independent valuation of the Red Mountain Project values the Red Mountain Zinc - Silver Project at A$52M, equivalent to 6 cents per White Rock share. This is not a value of the Company, but a value of the Red Mountain asset calculated by DJC.

    The DJ Carmichael Report values the Mount Carrington Gold - Silver Project at A$17M, equivalent to 2 cents per White Rock share. This is not a value of the Company, but a value of the Mount Carrington asset calculated by DJC.

    The DJ Carmichael Report values the combined Red Mountain Zinc - Silver and Mount Carrington Gold - Silver Projects at equivalent to 8 cents per White Rock share."

    No New Information or Data

    This announcement contains references to exploration results and Mineral Resource estimates, all of which have been cross-referenced to previous market announcements by the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.

    To view the research report, please visit:

    Matt Gill (MD & CEO)
    Phone: +61-3-5331-4644
    Shane Turner (Company Secretary)
    Phone: +61-3-5331-4644

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    Intermin Resources Limited (ASX:IRC) ("Intermin" or the "Company") is pleased to announce the consolidation of tenure making up the Lakewood Gold Project, 8km south east of Kalgoorlie-Boulder in Western Australia (see Figures 1 and 2 in link below). The Company is currently mining and generated cash from the Teal gold mine and will soon commence a self-funded 50- 60,000m new discovery and resource growth drilling program.


    - New tenure pegged making up the Lakewood Gold Project, 8km southeast of Kalgoorlie-Boulder in the Western Australian goldfields (see Figure 1 in link below)

    - Project area covers 115km2 of greenstone belt comprising 42 Prospecting Licence applications and one Exploration Licence application

    - Lakewood is located within the highly prospective Black Flag Group which hosts the Teal-Jacques Find-Peyes Farm deposits in close proximity to all required infrastructure

    - Data compilation and target generation underway for initial drilling upon final granting of applications expected in the second half of 2018 (see Note below)

    Commenting on the Lakewood acquisition, Intermin Managing Director Mr Jon Price said:

    "We have been extremely fortunate to pick up such a large contiguous block of prospective greenstone belt in the heart of the Kalgoorlie goldfields which is consistent with our strategy of low cost acquisition of assets on major geological structures. Preliminary assessment has highlighted a number of high quality targets that remain untested and we look forward to commencing drilling on the project once the tenements have been granted."


    Lakewood comprises 42 prospecting licence applications and one exploration licence application with a total area of 115km2 on the greenstone belt south of Kalgoorlie-Boulder's Golden Mile and adjacent to the 1Mtpa Lakewood toll milling facility.

    On final grant of the applications, expected in the second half of 2018, the Company's 100% owned project area will increase to 472km2. Data compilation and initial drill targeting has commenced with several high quality targets identified that remain untested.

    The project is located within the highly prospective Black Flag Group which also hosts the Teal-Jacques Find-Peyes Farm deposits. The area was pegged and applications for tenements submitted at a total cost of $50,000.

    The interpreted geology of the Lakewood Gold project is dominated by metamorphosed sedimentary rocks and felsic volcanic/intrusive porphyritic rocks of the Black Flag Formation (similar to Teal), together with lesser basalts and ultramafic and minor dolerite.

    Only a small portion of the project area is covered by in situ soils, and there is virtually no outcrop. Within the remainder of the project, a thin veneer of soils overlies plastic clays that vary in thickness from 2-40m and below this are 3-30m of unconsolidated clays and sands. Sandy grey clay filled palaeo-channels exist within the tenement area, some of which host alluvial gold.

    The major regional Gidji Shear is interpreted to cut across the centre of the project, whilst the Boorara Shear and the Boulder-Lefroy Fault are likely to be present below the area. All of these structures are associated with significant gold mineralisation in the region.

    History of the Lakewood Project

    Geological interpretations based on down hole geology, geophysics, and historical Western Mining Corporation deep diamond drilling in the vicinity suggest that the Kalgoorlie Group and, in particular, portions of the Golden Mile Dolerite and ultramafic units as seen within the Super Pit, may also occur within the western portion of the Lakewood Gold Project area (Cibej 2006). Published stratigraphy also identifies these units further south at New Celebration and St Ives (Stolz and Roache 2007, Norris 1990) which further supports this interpretation.

    Ground holdings in the Lakewood Gold Project area were historically fragmented until around 2005 when the area was consolidated by Mawson West Ltd. The exploration history of the area was summarised by Mawson West in 2005 as follows:

    Sovereign Gold explored part of the tenement group from 1983 to 1989. Activities were focused on discovering shallow bedrock gold deposits that could be developed into open pits. A total of 400 RAB holes were drilled with about three quarters of these holes believed to have been drilled too shallow to penetrate below the zone of gold depletion. Some 45 RAB or aircore holes that returned results of >100ppb Au were not followed up. No surface geochemical programs were conducted.

    Pancontinental Mining Ltd joint ventured with Sovereign Gold in 1989 to 1990 and conducted some geochemical surveys. Pancontinental sampled buried "ironstone" layers on a 0.5km x 1km wide grid utilizing a shallow RAB program. This drilling identified some broad low-level Au and As anomalies. They also conducted a soil sampling program and an auger program targeting the pedogenic carbonate layer. Some anomalies defined by these programs were drilled with minor bedrock anomalism recorded in a few holes.

    Zanex Resources NL, Orion Resources NL and Herald Resources NL explored various tenements in the area from 1991 to 1997. Between 1992 and 1995 Orion Resources conducted extensive soil geochemical surveys. Sampling was initially conducted on a 400 x 25m grid which was followed up by 25 x 200m grid in anomalous areas. Orion recorded results including 1m at 1.1g/t and 1m @ 2.5g/t Au in their aircore drilling program in 1995. They also reported finding extensive porphyry, dolerite and basalt rocks and also veining similar to that seen at Golden Mile.

    In 1997 Sons of Gwalia Ltd (SOG) conducted a pedogenic carbonate soil geochemical survey and analysed for pathfinder elements. Some gold anomalies were defined by Orion and SOG which were followed up by some limited drilling with a best result of 7m @ 0.53g/t Au including 1m @ 2.85g/t Au. Orion surmised that the soil Au anomalies could be related to the edges of concealed alluvial channels.

    In 1996 Herald Resources conducted a detailed aeromagnetic survey which showed that dolerite could exist within the tenement area. Aircore drilling found bedrock comprising basalt and porphyry in a felsic volcanic sequence. The best intercepts were 3m @ 1.73g/t Au, including 1m at 4.28g/t Au in weathered rock.

    In 1997 to 1998 Battle Mountain (Australia) Inc. (BM) held the Lakewood tenement group and carried out geochemical surveys and bedrock geochemical drilling. The geochemical survey was conducted on the north-eastern side of the area and defined some Au and broad platinum anomalies in mainly residual soils. A surface sampling program of limonitic clay over interpreted ultramafic rocks at depth was strongly anomalous in platinum. BM also drilled 53 holes to test a number of the surface anomalies. The drilling program met with significant trouble including sticky clays, cemented sands, and unconsolidated sands. BM subsequently withdrew from Australia leaving all anomalies untested.

    Lakewood Gold NL conducted a detailed aeromagnetic survey in 1997 on a 50m line spacing and 25m terrain clearance. Several structural targets were defined by the aeromagnetics including the contact between the eastern and western terrains, where it is intersected by north-east and eastern lineaments. It is unclear whether these targets have been adequately drilled.

    Geoscience Australia (then AGSO) between 1997 and 1999 conducted seismic, gravity and magnetic profiling to the north of the project area. From the data, they were able to interpret gabbro (high density), dolerite or basalt, felsic volcanics and sediments in this region. They suggested that the eastern Kalgoorlie sequence comprising the Golden Mile Dolerite lies within the tenement area at depth. This is a similar interpretation conducted by WMC in the 1960's when they drilled several deep holes located about 1.5km north-west of the project area.

    After consolidation of the project area in 2005, various exploration programs were conducted across the tenements by Mawson West and then by St Barbara Mines under a JV between 2007 - 2008 with the later undertaking a substantial re-logging program of historic drilling and also drilling 420 AC holes, 15 RC holes and flying an airborne EM (TEMPEST) survey.

    Mawson West spun-out the Lakewood Gold Project into Orrex Resources Limited during 2010. Since then Orrex have undertaken various data-compilation and targeting exercises and completed 5 aircore drilling programs, one RC drilling program and in conjunction with the DMP, drilled a 1,099m deep diamond hole to test the conceptual extension of the Golden Mile Dolerite, as postulated by AGSO.

    Intermin intends to undertake a more detailed review of the historical exploration and compile a working database with a view to target generation. Work will be fast tracked once the tenements are granted.


    1 See Forward Looking Statement on Page 6

    To view figures, please visit:

    Jon Price 
    Managing Director
    Tel: +61-8-9386-9534
    Michael Vaughan
    Media Relations - Fivemark Partners
    Tel: +61-422-602-720

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    The Board of Australian communications software specialist MNF Group (ASX:MNF) is pleased to report strong growth for the six months ended 31 December 2017. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 19% to $11.9m, with net profit after tax (NPAT) increasing by 25% to $6.1m, when compared with the same period a year earlier. Gross Margin for the half increased by 27% to $34.1m, as a result of strong organic growth within the business.

    The strong increase in gross profit for the period versus the prior corresponding period is attributable to solid growth in all three operating segments of the business: Domestic Retail, Domestic Wholesale and Global Wholesale:

    - The Domestic Retail segment grew 39% and benefited well from the addition of the CCI business for the full first half. Additionally, Small Business margins continued to grow offsetting the slight structural decline in legacy Residential products. The company is seeing encouraging increases in government business. A recent example of this is CCI's New Zealand Government deal, which we expect will deliver new margin streams well into the future.

    - MNF has relaunched Pennytel as a national brand to take advantage of a segment we expect will deliver significant future growth, based around our mobile first (MVNO) software platform (see link below).

    - The Domestic Wholesale segment grew 17% organically due to the ongoing increase in its recurring revenue streams. Additionally, this segment saw strong growth of 47% in iBoss hosted services, with even larger growth expected in H2.

    - The Global Wholesale segment performed very well with 27% organic gross margin growth over the prior corresponding period, it's encouraging to see a changing revenue mix from usage based business to recurring revenue business.

    Business Outlook and Guidance:

    Leveraging on our existing software platforms which have been enabling mobile services for some time now, MNF will invest up to $3.5m in FY18 to launch Pennytel as a new suite of mobile products under a national brand, operating in the retail segment. "The relaunch of the Pennytel brand represents a unique opportunity for MNF Group to benefit from the mainstream telco market", said CEO Mr Rene Sugo. "Our strategy is to lead with a mobile first product offering based on our Telstra Wholesale MVNO agreement and taking advantage of our vast mobile enablement platform. We will later look to introduce an NBN based product line once the brand is established, and the NBN roll-out has matured to make customer acquisition easier," he added.

    MNF sees the Pennytel launch as an enormous opportunity only made possible by MNF's extensive software ecosystem. We are seeking to acquire 250,000 subscribers by June 2020, anticipating an EBITDA contribution of circa $7.9m in that year.

    The company has updated its FY18 forecast based on this once-off strategic investment as follows: (see link below).

    The MNF Group board remains confident that the company will achieve strong organic growth in the remainder of the year and into the future.

    Investor Teleconference:

    There will be a teleconference and results presentation held on Tuesday 13 February at 3:00 pm AEDT. For details please check

    A recorded version of this presentation will be made available for later viewing at the same web address.

    To view tables and figures, please visit:

    To view Half Year Investor Presentation, please visit:

    Renee Papalia
    Executive Assistant to CEO
    T: +61-2-8008-8231

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    Mustang Resources (ASX:MUS) (OTCMKTS:GGPLF) is pleased to announce that bulk sample processing and exploration activities on its Montepuez Ruby Project, in Northern Mozambique are delivering increasingly strong results.

    Key Points

    - Exploration, pitting and trenching program increases known gravel extension from 3.3km to 4.2km

    - Exploration program identifies additional gravel bed targets over a 3km-long river and associated tributaries system

    - Optimisation of processing plant with improvements and upgrades completed during December quarter 2017

    - Average grade increases 10% from October 2017 onwards compared with average grade for all previously processed material

    - Ongoing bulk sampling and processing of stockpiled material delivers positive results

    - 80,658 tonnes processed in Q4 2017 with 29,983 carats recovered at an average grade of 0.37ct / tonne

    - 17,025 tonnes processed in Q1 to date with 7,495 carats recovered at an average grade of 0.44ct / tonne

    The results demonstrate that Mustang's strategy to establish Montepuez as a world-class ruby project with consistent production and exploration upside is on track.

    Mustang Managing Director Dr. Bernard Olivier said: "Having spent time on site in recent weeks, I am very pleased to report that exploration, bulk sampling and processing activities on the Montepuez Ruby Project are meeting our targets. These results reflect the skills and commitment of Mustang's motivated and experienced operational team.

    "The Q4 2017 plant optimisation program is generating the intended results with further improvements and upgrades now being implemented. The overall results demonstrate that Montepuez is highly prospective and technically sound.

    "We will provide an update shortly on the marketing and sales progress we are making."


    The ongoing exploration activities conducted during Q4 2017 and Q1 2018 have already delivered positive results. The exploration, pitting, trenching and bulk sampling program has now extended the gravel bed extension from 3.3km to 4.2km. At total of 69 sampling pits were developed and processed during the period while a total of 14,502 tonnes of material were excavated and extracted as part of the bulk sampling process. The geology team has also analysed the exploration dataset and selected further targets for additional pitting. During the remainder of Q1 2018, the exploration program will focus on identifying further high-grade targets for large-scale bulk sampling excavation and processing, as well as further delineating the dimensions and ruby distribution of the deposit, which remains open in all directions.

    Bulk Sampling and Processing

    During Q4 2017, significant improvements were made to the processing plant to optimise its efficiencies and reduce processing costs. Average grades increased by more than 10% from October 2017 onwards compared with the total average grade achieved from previous bulk sampling.

    Mustang is also implementing further processing, sorting and grading improvements to increase overall efficiencies.

    Ongoing processing of bulk sample material since October 2017 has returned the following results:

    - 80,658 tonnes processed in Q4 2017 with 29,983 carats recovered at an average grade of 0.37ct / tonne

    - 17,025 tonnes processed in Q1 to date with 7,495 carats recovered at an average grade of 0.44ct / tonne

    As at 31 January 2018, the Company had inventory available for sale of 302,028 carats.

    To view figures, please visit:

    Media & Investor Relations:
    Paul Armstrong
    T: +61-8-9388-1474

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    High grade gold and exceptionally high grade silver assays, have been returned from the southern mineralised zone at Impact Minerals Limited's (ASX:IPT) emerging gold-silver discovery at the Silica Hill Prospect, 100 km north of Orange in New South Wales.

    The assays, which are from three diamond drill holes, also indicate that the grades of gold and silver, and gold in particular, are increasing with depth below surface (see Figures 1, 2 and 3 in link below).

    - Assays from 3 drill holes and previous results from the southern mineralised zone at Silica Hill confirm continuity and increasing grades at depth of high grade gold and silver mineralisation.

    - Mineralisation extends from surface to a depth of 200 metres and for 200 metres along strike, and is also open at depth and along trend.

    - CMIPT077 returned:

    22.5 m at 1.7 g/t gold and 276 g/t silver from 166.7 metres down hole;

    including 0.3 m at 1.8 g/t gold and 4,200 g/t (135 ounces or 0.42%) silver from 174.4 metres;

    also including 0.8 m at 13.6 g/t gold and 40 g/t silver from 187.7 metres.

    CMIPT074 returned:

    21.8 metres at 0.6 g/t gold and 273 g/t silver from 137.9 metres down hole;

    including 0.5 metres at 0.5 g/t gold and 1,485 g/t (48 ounces) silver from 143 metres;

    and 0.4 m at 1.6 g/t gold and 6,240 g/t (200 ounces or 0.62%) silver from 148.5 metres.

    CMIPT073 returned:

    75.3 metres at 0.4 g/t gold and 62 g/t silver from 75 metres down hole;

    including 10.8 metres at 1.4 g/t gold and 243 g/t silver from 134 metres

    which includes 4.3 metres at 2 g/t gold and 566 g/t silver from 134 metres and including 0.3 metres at 6.9 g/t gold and 1,485 g/t silver from 136 metres.

    - CMIPT078 drilled at the eastern end of the northern mineralised zone returned the thickest intercept of gold and silver to date in this zone and indicates improving grades to the east: 117 metres at 0.3 g/t gold and 11 g/t silver.

    Impact Minerals Managing Director Dr Mike Jones said: "These results are an exciting further breakthrough for us at Silica Hill as they indicate the mineralised system is getting better at depth and to the east. The silver grades and minerals within the vein system we have discovered are exceptional and confirm the unique nature of this deposit in Australia. These are the highest assays returned so far at the project and they occur within robust zones of mineable width and grade. We are excited for the 2018 exploration programme."

    Assays from CMIPT077 have returned an intercept of:

    22.5 m at 1.7 g/t gold and 276 g/t silver from 166.7 metres down hole;

    including 0.3 m at 1.8 g/t gold and 4200 g/t (135 ounces or 0.42%) silver from 174.4 metres;

    also including 0.8 m at 13.6 g/t gold and 40 g/t silver from 187.7 metres.

    These results confirm the southern mineralised zone to be a steeply dipping mineralised vein system that trends east-west and is open down dip and down plunge to the south east (see Figures 2 and 3 in link below).

    The good continuity of gold and very high grade silver mineralisation from surface is confirmed from the assays in the other two diamond drill holes which were drilled up dip of CMIPT077 (see Figure 2 in link below).

    CMIPT074 intersected (see Figure 2 in link below):

    21.8 metres at 0.6 g/t gold and 273 g/t silver from 137.9 metres down hole;

    including 0.5 metres at 0.5 g/t gold and 1,485 g/t (48 ounces) silver from 143 metres;

    and 0.4 m at 1.6 g/t gold and 6240 g/t (200 ounces or 0.62%) silver from 148.5 metres.

    CMIPT073 intersected:

    75.3 metres at 0.4 g/t gold and 62 g/t silver from 75 metres down hole;

    including 10.8 metres at 1.4 g/t gold and 243 g/t silver from 134 metres

    which includes 4.3 metres at 2 g/t gold and 566 g/t silver from 134 metres and including 0.3 metres at 6.9 g/t gold and 1,485 g/t silver from 136 metres.

    These results, together with previously reported results from Holes CMIPT011 and CMIPT043 confirm the continuity of gold and silver mineralisation in the southern zone from surface to about 200 metres true depth and over a strike length of 150 metres (see Figures 2 and 3 in link below and see announcements 2 September 2016 and 8 August 2016).

    The mineralisation is open down dip to the south and down plunge to the east and further drilling is required.

    In addition final assays are still awaited from CMIPT072 where visible silver minerals were observed in narrow veins at 257 metres down hole as part of an extensive zone of pyrite and lesser arsenopyrite. Assays are expected by the end of February.

    Northern Zone

    Assays have also been received from one RC drill hole CMIPT078 completed at the eastern end of the northern zone of mineralisation at Silica Hill (see Figure 3 in link below and see announcement 22 September 2017).

    This hole has returned a very thick intercept of: 117 metres at 0.3 g/t gold and 11 g/t silver from 74 metres down hole.

    This is the thickest zone of mineralisation found in the northern zone to date and also suggests that, similar to the southern zone, that lower grade mineralisation is increasing in thickness and grade at depth and to the east. This is very encouraging and further drilling is warranted.

    Next Steps

    All of the work to date by Impact indicates that the mineralised system at Silica Hill is very large and extends for at least 500 metres down dip from surface and large areas remain untested by drilling (see Figures 2 and 3 in link below). It is evident that there is signficant exploration upside in the area.

    The nature of the mineralisation at Silica Hill with the extensive visible silver minerals proustite and pyrargyrite is unique in Australia. Therefore a detailed review and synthesis is in progress of all the drill hole data including assays, hand held XRF data and geological and structural data with the aim of identifying some of the controls on the mineralisation.

    This work will be used to identify the next round of drill targets with the next drill programme to commence as soon as practicable. Statutory approvals for new drill pads will be required in many places.

    In addition negotiations are in progress to extend the Land Access Agreement with the land holder at Commonwealth-Silica Hill.

    About the Commonwealth Project

    The Commonwealth Project forms part of Impact's extensive 100% owned land holding of 1,000 sq km in the Lachlan Foldbelt, home to numerous gold and copper mines including the giant Cadia deposit near Orange (40 million ounces of gold and 12 million tonnes of copper).

    At Silica Hill significant gold and silver mineralisation covers an area of 200 metres by 100 metres down to a depth of 120 metres below surface and with an average true thickness of at least between 40 metres and 70 metres. The mineralisation is open in all directions including up dip.

    Four drill holes have also returned gram-times-metre intercepts of more than 100 gram.metres and a fifth hole returned an intercept of greater than 50 gram.metres. These are robust and significant results for potential bulk mining and indicate the potential to significantly increase the resources at the Commonwealth Project, which currently stand at 720,000 tonnes at 2.8 g/t gold, 48 g/t silver, 1.5% zinc and 0.6% lead (see announcement 19 February 2015).

    In detail, these thick widths of mineralisation actually comprise numerous narrow veins and vein stockworks of high grade gold and very high grade silver hosted by the Silica Hill rhyolite that contain lower grade disseminated gold and silver.

    For example, Hole CMIPT046 returned an intercept of

    41 metres at 2 g/t and 176 g/t silver from 61 metres including 30 individual assays of varying widths of between 2 g/t and 24 g/t gold and 12 individual assays with more than 500 g/t silver including

    1 metre at 12.2 g/t gold and 680 g/t silver including 0.3 metres at 23 g/t gold and 1,110 g/t silver;

    1 metre at 5.3 g/t gold and 924 g/t silver;

    1.7 metres at 3.8 g/t gold and 1,176 g/t silver; and

    0.7 metres at 1.5 g/t gold and 855 g/t silver.

    (see announcements dated 5th December 2016 and 22nd February 2017).

    To view figures, please visit:

    Dr Michael G Jones
    Managing Director
    Impact Minerals Limited
    T: +61-8-6454-6666

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    Ardiden Ltd (ASX:ADV) provides the Company's latest Presentation.

    Rapidly Moving from Explorer to Developer...

    - LITHIUM - Seymour Lake, Wisa Lake, Root Lake & Root Bay Lithium Projects

    - GOLD - Pickle Lake Gold Properties

    - COBALT, NICKEL AND COPPER - Bold Properties

    - GRAPHITE - Manitouwadge Flake Graphite Project




    - High quality and high grade spodumene confirmed at or near surface at with outstanding grades of up to 6.01% lithium oxide (Li2O) identified.

    - Multiple layered spodumene-bearing pegmatites with high lithium grades identified at North, Central and South Aubry prospects with collective mineralised zones up to 30m wide encountered over strike of 1,100m.

    - Pegmatites expressing on crest and the side of ridge line and mineralisation remaining open in all directions and at depth.

    - 2018 exploration programs aiming identify more spodumene bearing pegmatites along full 5km strike zone.

    - Aim to dramatically increase resource quantum in 2018 to push towards development and production.

    To view the full presentation, please visit:

    Brad Boyle
    CEO & Executive Director
    Ardiden Ltd 
    Tel: +61-8-6555-2950 
    Michael Weir / Cameron Gilenko
    Tel: +61-8-6163-4903

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    Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF) ("Blackham" or "the Company") advises that the Company's fully underwritten, renounceable pro-rata entitlement offer ("Entitlement Offer") closed at 5.00pm (WST) on 12 February 2018. Under the Entitlement Offer, the Company is able to issue up to 897,670,820 New Shares on the basis of five (5) New Shares for every two (2) Blackham Shares held on the record date at an issue price of $0.04 per New Share, together with one (1) free attaching option (exercisable at $0.08 on or before 31 January 2019) ("New Option") for every two (2) New Shares subscribed for.

    The Company is pleased to advise that it has received applications for entitlements totalling $26.19m (before costs) from existing shareholders and rights holders, representing acceptances of approximately 73%. In addition, the Company has received additional applications from existing shareholders for a further $4.97m to give a total shareholder take-up of up to 87% on the Entitlement Offer. These amounts are subject to the final reconciliation of applications and proceeds received.

    The following table (see link below) sets out the number of New Shares (and New Options) for which entitlement applications were received and the resultant offer of Shortfall Securities. The additional applications for securities received from eligible shareholders in excess of their entitlement, will be allocated by the Company along with the Shortfall Securities pursuant to the Underwriting Agreement with Hartleys Limited, in accordance with the Prospectus dated 22 January 2018.

    The anticipated date for despatch of holding statements for the New Shares and New Options is 20 February 2018, with normal trading of the New Shares and New Options is expected to commence on 20 February 2018.

    Blackham's Chairman, Mr Milan Jerkovic, said:

    "It was very pleasing to see such a high level of participation in the Entitlement Offer and I would like to thank all shareholders for their continued and valued support. We would also like to take the opportunity to welcome our new shareholders who will be taking up Shortfall Securities pursuant to the issue of Shortfall Securities to sub-underwriter clients of Hartleys Limited.

    The funds raised from the Entitlement Offer puts Blackham in a strong position to execute on its free milling mine plan, as well as to advance exploration focussed on growing our free milling mine life. As demonstrated by the strength of our operations in December 2017 and January 2018, the Company is at an exciting stage, with 2018 likely to be a transformational year of strong operational and financial performance."

    To view tables, please visit:

    Milan Jerkovic
    Executive Chairman
    T: +61-8-9322-6418
    Bryan Dixon
    Managing Director
    T: +61-8-9322-6418
    Jim Malone
    Investor Relations Manager
    T: +61-419-537-714
    John Gardner
    Media Relations
    T: +61-8-6160-4900

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    White Rock Minerals Ltd (ASX:WRM) ("White Rock" or the "Company") wishes to advise that the podcast of a presentation by its MD and CEO, Matt Gill at the 2018 Vancouver Resource Investment Conference is now available on its website.

    This podcast can be found on the Company's website via the following link:

    Matt Gill (MD & CEO)
    Phone: +61-3-5331-4644

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    DroneShield Ltd (ASX:DRO) (OTCMKTS:DRSHF) ("DroneShield" or the "Company") is pleased to announce that its DroneGun MKII product has been assigned a NATO Stock Number (NSN) 5865-66-164-5197.

    - DroneShield's DroneGun MKII has been assigned a NATO Stock Number, following a request by the United States Department of Defense.

    - NATO militaries now able to purchase DroneGun MKII "off the shelf".

    An NSN is a 13-digit numeric code, identifying all the "standardised material items of supply" as they have been recognised by all NATO countries including United States Department of Defense, and allows for any each of the 29 NATO militaries to purchase DroneGun MKII on a "military catalogue" basis, significantly simplifying the procurement process.

    The NSN was assigned following a request for such assignment from the United States Department of Defense.

    To view figures, please visit:

    Oleg Vornik
    CEO and Managing Director
    Tel: +61-2-9995-7280

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    Core Exploration Ltd (ASX:CXO) ("Core" or the "Company") is pleased to announce that new wide and high-grade lithium intersections have identified substantial strike and depth extension potential at Core's 100% owned BP33 pegmatite within its Finniss Lithium Project.


    - New diamond core drilling of thick spodumene pegmatite confirms BP33 is open southward toward potential extensions at BP32 and BP32W

    - New high-grade lithium drill assays received from diamond core and RC drilling of BP33, including:

    o 36m @ 1.61% Li2O from 135m in FRC108

    -- Including 14m @ 2.05% Li2O

    o 49m @ 1.02% Li2O from 138m in FMRD003

    - Evidence of pegmatites 200m-300m along strike at both BP32 and BP32W add significant scale potential to high grade pegmatite near BP33

    - Further assays from new 2018 diamond drill core drilling at BP33 expected during February and March 2018

    - Drilling at BP33 aimed at establishing a maiden Resource estimate in March and to add to the Company's Lithium resource inventory at Finniss

    - Resource upgrade drilling continuing at Grants deposit (5km from BP33) for which a Pre-Feasibility Study is underway

    - Drilling to re-commence testing of BP33 and adjacent BP32 and BP32W in the 2018 dry season

    Core's recent drilling at BP33 has found that extensions of the BP33 spodumene pegmatite are open south and south-west toward pegmatites 200m-300m along strike at the BP32 and BP32W prospects (see Figures 1-3 in link below). If these pegmatites are connected, then there is substantial strike length of approximately 500m to the BP33/BP32/BP32W pegmatite system.

    New high-grade assay results received from diamond drilling competed in late 2017 at BP33 include:

    - 36m @ 1.61% Li2O from 135m in FRC108

    o Including 14m @ 2.05% Li2O

    - 49m @ 1.02% Li2O from 138m in FMRD003

    o Including 3m @ 2.18% Li2O

    RC and Diamond drilling to date has characterised BP33 as a wide and continuous spodumene rich pegmatite, including intersections of 62m @ 1.24% Li2O from 66m in FRC104 and 54m @ 1.42% Li2O from 101m in FRC103.

    Results from the recent diamond and RC drilling also confirm that BP33 pegmatite is open at depth along strike to the south (see Figures 1 and 3 in link below).

    Adjacent pegmatites at BP32 and BP32W prospects have been identified in historic trenching and verified more recently in shallow RAB drilling by Core. However, no RC or Diamond drilling has been conducted yet at nearby BP32 and BP32W Prospects.

    Core is planning drilling at both BP32 and BP32W Prospects as soon as the 2018 dry season commences, to test the continuity and grade of these pegmatites adjacent and along strike from high grade BP33.

    Next Steps at BP33

    This first phase of resource focused diamond drilling at BP33 has been completed, with additional assays expected during February and March 2018. This rig has now been relocated to the Grants deposit (5km away) to focus on resource upgrade drilling.

    The recently completed drill program at BP33 is an initial assessment of continuity of grade and scale of the spodumene mineralisation. The drill core will also provide valuable information that may be used for metallurgical testwork and resource evaluation at BP33.

    Core is planning further drilling at both BP32 and BP32W Prospects as soon as the 2018 dry season commences (expected Q2 2018) to test the continuity and grade of these pegmatites adjacent and along strike from high grade BP33.

    To view figures, please visit:

    Stephen Biggins
    Managing Director
    Core Exploration Ltd
    T: +61-8-7324-2987

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    Regeneus (ASX:RGS), a clinical-stage regenerative medicine company, today announced that Progenza has been granted an Advanced Therapy Medicinal Product (ATMP) classification by the Committee for Advanced Therapies (CAT) of the European Medicines Agency (EMA), following consultation with the European Commission. Progenza is the company's allogeneic stem cell technology platform for the treatment of osteoarthritis and other inflammatory conditions for human applications.

    "The granting of the ATMP classification for Progenza, is a step towards bringing Progenza to Europe as a novel cell therapy treatment for osteoarthritis. It's important to have regulatory clarity as we invest in the development of Progenza," said John Martin, CEO of Regeneus.

    ATMP classified products are novel regenerative therapies that combine aspects of medicine, cell biology, science and engineering and are presented as having properties with a view to regenerating, repairing or replacing a human tissue. ATMPs comprise cell and gene therapies and tissue-engineered products. Their classification is defined in Article 2 (4) of Regulation (EC) No 1394/2007, which establishes the legal and regulatory framework for ATMPs in the European Union.

    According to the World Health Organization, an estimated 10%-15% of all adults over 60 have some degree of osteoarthritis, with prevalence higher in women than men. Given that there are few preventative and therapeutic options for osteoarthritis and that the European population is ageing, the burden of osteoarthritis is predicted to rise.

    More about Progenza stem cell technology

    Progenza is an allogeneic off-the-shelf stem cell technology platform developed for the treatment of knee osteoarthritis and other inflammatory conditions. Results of a Phase 1 safety trial of Progenza in knee osteoarthritis met primary endpoints of safety and tolerability. Secondary endpoints showed a significant, rapid and sustained reduction in knee pain, and significant improvement in cartilage volume compared to placebo, with positive signs of disease modification.

    Progenza cells work by secreting cytokines, growth factors and exosomes that act in concert to reduce inflammation and pain and encourage accelerated healing and repair of the damaged or diseased tissue.

    Progenza is produced from expanded mesenchymal stem cells (MSCs) extracted from adipose (fat) tissue from a healthy donor who has been extensively screened. Unlike other stem cell products, Progenza includes secretions from MSCs that improve viability and functionality of the cells during the freezing and thawing process. Regeneus has shown that the combination of cells and secretions has a more powerful therapeutic effect than cells alone.

    There are significant advantages in using adipose-derived MSCs to manufacture Progenza. Adipose tissue is readily available from donors in large quantities and has significantly higher MSCs per gram of tissue than other tissue sources such as bone marrow or cord tissue. Adipose-derived MSCs also have the added advantage of showing greater capacity for expansion than MSCs from other tissue types. The MSCs are expanded through the company's proprietary and scalable manufacturing process. The company has demonstrated the capacity to produce millions of therapeutic doses of Progenza from a single donor which helps avoid the need to pool donor material and seek multiple donors. The MSCs used in Progenza have not been reprogrammed as required for induced pluripotent stem cells thereby reducing manufacturing and clinical development risks.

    Regeneus has granted Asahi Glass (AGC) of Japan exclusive rights to manufacture Progenza for all clinical applications in Japan. AGC is a leading Japanese biopharmaceutical manufacturer. Regeneus Japan (a 50/50 JV with AGC) is responsible for licensing the clinical development and marketing rights of Progenza in Japan.

    Regeneus has been granted a patent in Australia and Japan covering the manufacture and use of Progenza for the treatment of osteoarthritis and other inflammatory conditions. The patent is also being pursued in Europe and USA.

    Sandra McIntosh
    Investor Relations
    T: +61-2-9499-8010

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    Australian Potash (ASX:APC) will commence drilling at its Yamara gold project shortly. The project lies 130 km northeast of Laverton, in Western Australia's eastern goldfields region. APC's tenements cover around 1,400 km2 contiguous to the North Yamarna gold project of Gold Road Resources Ltd and 60 km northwest of the 6 million ounce (Moz) Gruyere mine development. Following this drill programme, APC will assess its options in order to crystallise value for shareholders.

    We interviewed managing director Matt Shackleton to discuss the planned drilling in greater detail, as well as ongoing work at APS's flagship Lake Wells sulphate of potash (SOP) project. Click on the icon below to watch the interview.

    Analyst comment: APC has been quietly going about its business as it continues to advance the Lake Wells SOP project towards a definitive feasibility study by the middle of this year.

    In the most recent development, the EPA has advised it will assess Lake Wells as an 'Environmental Review (No Public Comment)', the second least stringent level of assessment. Hopefully, this will ensure a clear permitting pathway and allow the project to remain on track.

    APC also plans to produce a maiden SOP product in the coming months - a critical step in the project's long-term development, as that product will be provided to potential offtake partners, including two existing Chinese off-take MoU groups.

    In addition to Lake Wells, APC will, as noted above, commence drilling at its Yamara gold project shortly. Given that project's proximity to the 6 Moz Gruyere project, the programme has attracted strong investor interest, despite our view that little has been ascribed to this asset in APC's current share price. As highlighted in our interview, management clearly thinks the same way, as the company is currently considering options that will crystallise value for shareholders.

    Valuation: we maintain our valuation of APC at $0.37/share (share price $0.10) and emphasise that it includes no consideration for the gold asset.

    To view the video, please visit:

    Adam Kiley
    TSI Capital Pty Ltd

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    Sayona Mining Ltd (ASX:SYA) (OTCMKTS:DMNXF) provides the Company's latest Investor Presentation.

    Authier Lithium Project

    - Located 45km from Val d'Or in Quebec, Montreal (500km SE)

    - Located in established mining district

    - 100% owned

    - Simple deposit -26,000m of drilling

    - Environmental studies completed. Permitting advanced

    - Well studied -PEA 2012, PFS 2017-DFS underway

    Significant Value Adding Potential

    1.Increase Production Capacity &/or Resource Size

    - Increase plant capacity to sell more concentrates and shorten mine-life to maximise NPV

    - Further drilling to expand resource base (Phase 3 underway)

    2.Integrated Refinery Model

    - Convert concentrates into lithium hydroxide or carbonate

    - Scoping study completed -attractive economics -Pre-Tax NPV $795m

    - Leverages world-class infrastructure and low energy costs in Quebec

    - PFS and metallurgical test work to commence next quarter

    - Project site selection underway

    Growth Options Funded from Phase 1 Concentrate Sales

    To view the full presentation, please visit:

    Sayona Mining Ltd
    T: +61-7-3369-7058

    0 0

    Cryptocurrency Exchange (CRYPTO:BNB) advise that RPX/BNB (CRYPTO:RPX), RPX/BTC and RPX/ETH trading pairs are now available on Binance for trading. You can start depositing and trading RPX now.

    Red Pulse is an event-driven market intelligence platform covering China's financial markets, providing clients with the context to make informed business decisions. The company employs machine learning, Chinese natural language process, in addition to traditional research practices to help solve the problem of information overload.

    By introducing a sharing economy for research, content creators can sell their research for RPX tokens while consumers can purchase such content or even request to have specific research topics to be created. Using this platform, industry experts, former employees, or investors can produce their own independent research that cannot be provided by legacy data providers.

    Total Supply: 1,358,371,250

    Circulating Supply: 543,348,500

    ICO Price: $ 0.036

    To view the Whitepaper, please visit:


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    Altech Chemicals Ltd (ASX:ATC) provides the Company's Presentation at Germany and USA Roadshow.

    Our Vision: World leading producer of high purity alumina (HPA)

    Sapphire Gemstone

    - Sapphire & Ruby

    - Natural form of high purity alumina (HPA) Al2O3

    - Formed by mother nature like diamonds

    - Colour from impurities

    - Nearly as hard as diamond (Mohs 9)

    What is HPA?

    - Purified alumina (Al2O3)

    - 99.99% (4N) purity or greater

    - Smelter Grade Alumina (SGA) ~ 99.5% (5,000ppm impurities, mainly sodium)

    - Bayer Process uses sodium hydroxide (NaOH)

    - Sodium impurity is problem for electronics industry

    Altech Growth Performance

    - 10 x steady market cap growth (3 years)

    - Ave trade value $2k/day to $350k/day

    - 350% increase in shareholders to 2,500

    - $9.3 m cash, no debt

    - 426.5 m shares on issue

    To view the full presentation, please visit:

    Altech Chemicals Ltd
    Iggy Tan, Managing Director
    T: +61-8-6168-1555

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    Follow approval by shareholders and confirmation by ASIC, Incremental Oil and Gas Limited (ASX:IOG) (OTCMKTS:ICRMF) (the "Company") advises that the Company name has changed to Eon NRG Limited. Effective from Friday 16th February, the Company's shares will be trading on the Australian Securities Exchange (ASX) under the new trading ticker E2E.

    Concurrent with the new name, the Company will unveil its new focus, branding, and website, which can be found at from Friday.

    To view figures, please visit:

    Australia -
    Simon Adams, CFO & Company Secretary
    Phone: +61-8-6144-0590
    USA -
    John Whisler, Managing Director
    Denver Head Office: +1-720-763-3183

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    Ardiden Limited ("the Company") (ASX:ADV) is pleased to advise that Ms Jessamyn Lyons has been appointed Company Secretary effective immediately. Ms Lyons replaces Mr Arron Canicais who has resigned from the role as Company Secretary. The Directors wish to thank Arron for his services and contribution to the Company.

    Jessamyn is a Company Secretary with 15 years' experience working in the stockbroking and banking industries. Jessamyn has recently completed her Graduate Diploma studies in Applied Corporate Governance with the Governance Institute of Australia and holds a Bachelor of Commerce from the University of Western Australia with majors in Investment Finance, Corporate Finance and Marketing. Over the past 15 years Jessamyn has held various positions with Macquarie Bank, UBS Investment Bank (London) and more recently Patersons Securities.

    In accordance with Listing Rule 3.14, the Company also wishes to advise its Registered Office and Principle Place of Business has changed effective immediately. The new address is detailed below:

    Suite 12, Level 1
    11 Ventnor Avenue
    WEST PERTH WA 6005

    The Company's new postal address and other contact details are as follows;

    PO Box 1240
    West Perth WA 6847
    Ph. (08) 6245 2050
    Fax (08) 6245 2050

    Brad Boyle
    Ardiden Ltd 
    Tel: +61-8-6245-2050 
    Michael Weir / Cameron Gilenko
    Tel: +61-8-6160-4900

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    Speedcast International Limited (ASX:SDA), the world's most trusted provider of remote communication and IT solutions, today announced it has extended its relationship with the largest consumer of satellite bandwidth in the cruise industry, Royal Caribbean Cruise Lines (RCCL), which will be further increasing the bandwidth delivered across 37 ships.

    "Speedcast has been an integral part of our long-standing efforts to implement the latest connectivity solutions that allow us to provide enhanced communications for everyone, from our guests onboard to our employees onshore," says Guillermo Muniz, Director, Network and Satellite Engineering at Royal Caribbean. "We are consistently raising the bar on ship innovation and increasing requirements, and Speedcast is right there with us, collaborating to make sure that we have the infrastructure and support to deliver the best experience."

    Speedcast's experience with Royal Caribbean dates back to 2006, when the company installed RCCL's first Ku-Band VSAT antenna onboard a vessel to satisfy peak seasonal communication demand in the Brazil region. The Speedcast network now delivers fully managed communications solutions and value-added services to 37 Royal Caribbean brand ships for shipboard administration, guest and crew usage. Multiple antennas on each ship with seamless automatic failover between Ku-Band and C-Band ensures high availability and Service Level Agreements (SLAs).

    "We have a true partnership approach to our relationship with Royal Caribbean," says PJ Beylier, Speedcast CEO. "As one of the largest cruise line brands in the world and one of our largest customers, we are proud that they continue to trust our expertise in designing and deploying reliable solutions that connect their ships to shore and provide a premier guest experience onboard. Over the past 11 years, we have seen tremendous growth in Royal Caribbean's business, and we look forward to helping them continue to develop their brands as they introduce new ships and look for innovative ways to enhance guest and crew experiences."

    For more information about Speedcast's capabilities for the cruise market, visit, and for information about Royal Caribbean cruises, visit

    Toni Lee Rudnicki
    Vice President, Global Marketing
    Speedcast International Ltd
    T: +1-832-668-2634

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