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- 02/18/18--22:39: _ Blackham Resources...
- 02/19/18--14:30: _ Lithium Power Inte...
- 02/19/18--15:38: _ Intermin Resources...
- 02/19/18--15:55: _ Cobalt Blue Holdin...
- 02/19/18--16:01: _ Thundelarra Ltd (A...
- 02/19/18--19:43: _ Regeneus Ltd (ASX:...
- 02/20/18--14:22: _ Intermin Resources...
- 02/20/18--14:55: _ WiseTech Global Lt...
- 02/20/18--15:30: _ Lithium Power Inte...
- 02/20/18--15:40: _ Altech Chemicals L...
- 02/20/18--15:46: _ Blackham Resources...
- 02/20/18--16:06: _ Environmental Clea...
- 02/20/18--16:33: _ Alt Resources Ltd ...
- 02/20/18--18:18: _ Ardiden Ltd (ASX:A...
- 02/21/18--14:18: _ Rumble Resources L...
- 02/21/18--14:52: _ Otherlevels Holdin...
- 02/21/18--14:53: _ Emmerson Resources...
- 02/21/18--15:12: _ Blackmores Limited...
- 02/21/18--15:13: _ Anatara Lifescienc...
- 02/21/18--16:24: _ Thundelarra Ltd (A...
- 02/19/18--19:43: Regeneus Ltd (ASX:RGS) 2018 Half-Year Results and Business Update
- 02/20/18--14:22: Intermin Resources Limited (ASX:IRC) New Research Report Available
- 02/20/18--15:46: Blackham Resources Ltd (ASX:BLK) February 2018 Presentation
- 02/20/18--16:33: Alt Resources Ltd (ASX:ARS) Myalla Drilling Completed
- 02/20/18--18:18: Ardiden Ltd (ASX:ADV) Corporate Presentation
- 02/21/18--14:52: Otherlevels Holdings Ltd (ASX:OLV) Half-Year Results Announcement
- 02/21/18--15:13: Anatara Lifesciences Ltd (ASX:ANR) Half Yearly Report
- 02/21/18--16:24: Thundelarra Ltd (ASX:THX) Investor Presentation at Fremantle
Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF) ("Blackham" or "the Company") provides an update on the Company's fully underwritten, renounceable pro-rata entitlement offer ("Entitlement Offer") that closed on 12 February 2018.
Further to the Company's announcement dated 15 February 2018, the Company has received the net proceeds from the allocation of New Shares and New Options to be issued pursuant to the Entitlement Offer.
Normal trading of the New Shares and New Options, issued under the Entitlement Offer, is expected to commence on 20 February 2018. A revised Appendix 3B has been lodged to reflect the rounding of fractional entitlements (as stated in the announcement dated 15 February 2018).
Mr Greg Fitzgerald has now been formally appointed as a Non-Executive Director of the Company. Mr Fitzgerald is a Chartered Accountant with more than 30 years of gold mining and resources related experience, and extensive executive experience in managing finance and administrative matters for listed companies. He held the positions of Chief Financial Officer and Company Secretary for ASX 200 company, Resolute Mining Limited, for more than 15 years until his resignation in 2017.
Blackham also wishes to advise it plans to commence a number of drilling programmes focused on growing free milling reserves through resource conversion and identifying additional mineralisation to maintain a free milling mine life greater than 5 years. The initial drill program will commence next week and more information on the targets will be provided shortly.
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 Citadel-MAGNUS T: +61-8-6160-4900
Lithium Power International Limited (ASX:LPI) (OTCMKTS:LTHHF) ("LPI" or "the Company") advised today that it would lift its shareholding in the high grade, low cost Maricunga Lithium Brine Project by up to six months ahead of the agreed joint venture schedule.
- Final three Joint Venture (JV) earn-in payments of US$7.53M to be brought forward on or before 1 March 2018 for LPI's 13.8% unpaid shareholding of the Maricunga Lithium Brine Project in Chile
- US$27.2M in total payments made by LPI to Minera Salar Blanco (MSB) secures LPI's 50% ownership of the JV company
- Fast tracking of development to the Definitive Feasibility Study in 4Q18 will be advantaged
- Future capital will be contributed to the JV on a proportionate shareholder basis
LPI will pay US$7.53M to the Maricunga JV Company, Minera Salar Blanco ("MSB"), on or before 1 March 2018 to complete the final 13.8% earn-in payment into MSB.
This payment will take LPI to the agreed and issued 50% shareholding of MSB, with the other JV partners, the Chilean JV Partner and Bearings Lithium owning 32.33% and 17.67% respectively.
Under the MSB Shareholders Agreement, LPI's scheduled earn in was US$2M on or before 1 March 2018, US$2M on or before 1 May 2018 and US$3.53M or before 1 September 2018.
LPI will retain a strong cash position after the payment, with circa AUD$24.4M in its own bank accounts and circa US$9.7M in MSB's JV accounts.
The initiative to fast-track the payments comes after LPI last month reported outstanding results from its Preliminary Economic Assessment (PEA) of Maricunga, including an ungeared IRR of 23.4% and a project NPV of $US1.05B before tax at an 8% discount rate over a project life of 20 years; and results confirmed the Maricunga brine can now produce battery grade lithium carbonate from the pilot plant. The process route is based on conventional technology and comes with the know how to be able to scale up to commercial scale.
LPI raised AUD$34M in December 2017 via a private placement and conversion of LPIO Listed Options has elected to bring forward these final three payments to complete its earn in of 50% of MSB, with all conditions under the MSB Investment Agreement now been fully completed by LPI.
The Company took advantage of the stronger AU$ against the US$ in January 2019 and converted the funds at an average exchange rate of US$0.8055.
This will now allow the company to further fast track the development of the project to production.
Lithium Power International's Chief Executive Officer, Martin Holland, commented:
"The finalisation of the Maricunga purchase is another significant milestone for the Company, as 50% shareholder of one of the world best pre-production lithium projects. Our management team continue to meet the agreed works program and we expect to meet all key milestones on the dates set by the MSB Board. It is worth noting that LPI has 50% of the MSB board, including the Chairman position and 50% of the technical team".
Maricunga JV Background
Minera Salar Blanco (MSB) is 50%-owned by Lithium Power International. The project is regarded as one of the highest quality pre-production lithium brine project globally, with very high grades and exceptional porosity essential for high flow rates. The company released a Preliminary Economic Assessment for the project on 4 January 2018, which confirmed strong economic returns for production of 20,000t/a of lithium carbonate with production of 74,000t/a of potassium chloride from year +3 of the project. In addition, the company has now produced its first batch of battery grade lithium carbonate.
Martin C Holland - CEO Lithium Power International E: email@example.com T: +61-2-9276-1245 www.lithiumpowerinternational.com Twitter: @LithiumPowerLPI
Intermin Resources Limited (ASX:IRC) provides the Company's latest presentation at RIU Explorers Conference.
- Quality gold assets in the heart of the WA goldfields
- 100% ownership of 500km2 on Bardoc, Abattoir and Zuleika shear zones in close proximity to Kalgoorlie
- 290km2 acquired in last 18 months
- Limited modern exploration in last 20 years
- Walk up drill targets for new discovery exploration
- Existing JORC 2012 Resource of 356,000oz grading 2.24g/t
- Comprehensive regional geological data base
- Assets close to existing third party milling infrastructure
- Strategic joint ventures in place at no cost to Intermin covering 380km2 in Western Australia
New Discovery & Resource Growth
- New discovery and resource growth drilling program commenced with 55,000m planned within a $4M budget
- Combination of RC and diamond drilling to test both extensions along strike and, particularly at depth
- 50% allocated to new discovery drilling and 50% on Resource growth to grow the current Resource base
- New discovery targets include the Blister Dam project area, Anthill east and Fire Ant and new targets within the Teal gold camp
- Resource growth drilling will focus on extensions along strike and at depth at Anthill, Teal and the new Jacques Find discovery
- Drilling of regional projects including Olympia, West Kalgoorlie, Black Flag, Broads Dam, Area 54, Yarmonyand KanownaNorth
- First drilling results expected early in the June Quarter
To view the full presentation, please visit:
Intermin Resources Limited Jon Price, MD T: +61-8-9386-9534 F: +61-8-9389-1597 E: firstname.lastname@example.org WWW: www.intermin.com.au
Cobalt Blue Holdings Limited (ASX:COB) provides the Company's Investor Presentation for Quarter 1, 2018.
COB - World Class Integrated Cobalt Refinery
- Top 5 global cobalt supplier -20,000tpa cobalt sulphate with >20 year life
- Thackaringa -natural advantage -cobalt + sulphur
- COB -only primary cobalt play listed on ASX
- Australia -safe and secure jurisdiction
- 1 month -First cobalt sulphate samples shipped
- 1 month -Tighter Resource Definition
- 4 months -Pre Feasibility Study -introduce Thackaringa as a world class asset
- 16 months -Bankable Feasibility Study
COBALT BLUE ASPIRES TO BE A TOP 5 GLOBAL PRODUCER
Cobalt Blue Achievements
1. IPO February 2017
2. Scoping Study January -June 2017 showed positive project potential (not released to market)
- Drilled 22 diamond holes, and 38 RC holes for 12,000 m
- Upgraded resource to 54.9Mt at 900 ppm Cobalt = 50,000 t Co
3. Commenced Pre-Feasibility Study August 2017 - due June 2018
- Drilling 13,000 m
- Upgraded resource due Q1 2018
- Metallurgical testwork demonstrating high cobalt recoveries
To view the full presentation, please visit:
Cobalt Blue Holdings Limited WWW: www.cobaltblueholdings.com
Thundelarra (ASX:THX) (OTCMKTS:TLXPF) is pleased to provide an update on the recent diamond and reverse circulation drilling at the other prospects, including Transylvania and Battery, that form part of our exciting Garden Gully gold project near Meekatharra, a well-established and proven gold production centre in Western Australia's Murchison Province.
- 20 reverse circulation ("RC") holes drilled for 3,843m advance
- 1 diamond ("DD") tail drilled for 179m advance
- Drilling tested targets at four Garden Gully prospects
- New significant intersections at Transylvania (downhole widths):
o 3m at 8.3 gpt Au from 68m in TGGRC123; within
o 8m at 3.3 gpt Au from 67m
- New significant intersections at Battery (downhole widths):
o 4m at 2.6 gpt Au from 52m in TGGRC137; within
o 6m at 1.9 gpt Au from 52m
- Previously announced intersections at Transylvania
o 2m at 4.4 gpt Au from 108m in TGGRC044; within
o 7m at 1.3 gpt Au from 107m
o 2m at 6.1 gpt Au from 106m in TGGRC022; within
o 6m at 2.8 gpt Au from 103m
- Previously announced intersections at Battery
o 4m at 3.3 gpt Au from 164m in TGGRC053; within
o 8m at 2.0 gpt Au from 164m
Evaluation of new data from drilling at Transylvania, Battery, South Crown and Granite Well continues to support the possible existence of a large mineralised system at depth beneath Garden Gully, acting as a single source for the mineralisation at these prospects and at Lydia and Crown Prince. Next drilling programmes will work towards delivering maiden resources at both the Crown Prince and the Lydia prospects and at identifying new mineralised structures to contribute to the Garden Gully project's inventory.
Results from over 26,000m drilled in 141 holes (23,556m RC; 2,523m DD) since mid-2016 continue to support the potential for a major new gold discovery at Garden Gully, located in one of Western Australia's most productive gold provinces.
Collar locations and surface traces for each hole drilled at Garden Gully's prospects in the latest programme (other than those already reported at Lydia and Crown Prince in ASX announcements dated 17 January 2018 and 08 February 2018) are given in Table 1 and Figures 3 and 4 (see link below). These 20 RC holes and 1 DD tail tested targets at the Transylvania, Battery, South Crown and Granite Well prospects (see Table 1, Figures 3 and 4 in link below). Three of the RC holes had to be abandoned before reaching the target zones due to difficult ground conditions.
The latest exploration drilling programme at Thundelarra's Garden Gully Project delivered a total advance of 11,648.9m in 55 holes, comprising 9,710m advance in 44 RC holes, of which eight were pre-collars finished with diamond tails; and 1,938.90m advance in the 11 DD holes.
TGGRC107 targeted southern extensions of a narrow gold intersection reported from a historical air core drill line drilled within the currently excised townsite area at the South Crown prospect. Low level of gold anomalism was intersected: 6m at 0.3 g/t Au from 145-151m. The hole was abandoned due to broken ground and water ingress before the target depth could be reached.
At the Battery prospect (see Table 1, Figures 3, 4 in link below) TGGRC119 targeted the south/south-westerly steep plunging mineralised shoots within the main shear zone. It intersected wide zones of arsenic and gold anomalism. Best intersections were 1m at 3.5 g/t Au from 107m within 7m at 1.0 g/t Au from 101m; and 2m at 1.2 g/t Au from 36m down hole. (see Table 2, Appendix 1 in link below).
TGGRC120 was drilled to close off the arsenic trend at the south-western end of the Battery trend (see Figure 5 in link below). The hole intersected a magnetic Proterozoic gabbro dyke before transecting a strongly deformed ultramafic sequence, but no indications of potential gold anomalism were observed and consequently no samples were submitted for assay.
TGGRC121 at Transylvania was drilled at a steeper angle behind previous hole TGGRC022 to follow up the down dip extension of gold mineralisation intersected in that hole (6m at 2.8 g/t Au from 103-109m, including 2m at 6.2 g/t Au from 106-108m: ASX report dated 14 September 2016). The hole did not intersect any geological or structural features indicating the possible presence of gold anomalism and so no samples were submitted for assay.
Evaluation of the findings from TGGRC121 led to the decision to drill north-westerly instead and TGGRC122 successfully intersected gold mineralisation hosted by sheared mafic schists within the weathering profile (3m at 2.3 g/t Au from 27-30m down hole). Hole TGGRC123 was then drilled behind TGGRC122 and intersected high-grade gold mineralisation down dip: 3m at 8.3 g/t Au from 68-71m within 8m at 3.3 g/t Au from 67-75m down hole. This mineralisation defined a new sub-vertical mineralised shear (see Figure 6 in link below).
TGGRC124 was drilled north-easterly on the northern end of the Transylvania mineralised shear (see Figure 5 in link below). It targeted the potential for along-strike extensions of the mineralisation intersected in the previous TGGRC024 and TGGRC044 (ASX reports 14 September 2016, 08 February 2017). Low grade primary gold mineralisation was intersected between 154-163m (see Appendix 1 in link below).
Two other holes drilled south-westerly within the same area at Transylvania (see Figures 4, 5 in link below) both intersected surficial gold mineralisation: 8m at 1.5 g/t Au from 28-36m down hole in TGGRC126 and 8m at 0.8 g/t Au from 32-40m in TGGRC127.
These results at Transylvania suggest an easterly dip of this new mineralised shear or most likely an inferred fold nose structure (see Figure 7 in link below).
TGGRC128 was drilled on the southern part of the shear and returned only narrow, low grade gold values from 36-38m (see Appendix 1 in link below). TGGRC130 (see Figures 4, 5 in link below) was drilled on the north-eastern border of the Transylvania prospect and tested a strong chargeable feature. It intersected a sulphidic black shale package with no significant gold or base metals anomalism.
TGGRC135 and TGGRC136 were drilled on the southern and northern extremities of the inferred shear zone (see Figures 4, 5 in link below). Neither hole intersected any geological or structural features indicating the possible presence of gold anomalism and so no samples were submitted for assay.
On the southern border of the Transylvania tenement, two scissor holes were drilled under a high arsenic ferruginous breccia outcrop (TGGRC132 and TGGRC133). Both holes intersected low arsenic levels, but no elevated gold values were encountered.
TGGRC134 (see Figure 3 in link below) targeted a low resistive zone identified during an earlier IP survey. A package of black shales was intersected but returned no significant gold anomalism.
Several holes were drilled north-westerly along the main mineralised trend at Battery Prospect, testing for potential high gold grades (see Figures 4, 5 in link below). TGGRC137 intersected good gold grades in the weathering profile, including 4m at 2.6 g/t Au from 52-56m down hole within 6m at 1.9 g/t Au from 52m-58m down hole (see Table 2 in link below). However, the hole was abandoned at 137m due to difficult ground conditions - very high clay content was continually clogging the hammer.
TGGRC138 collapsed at 11m and was abandoned. It was re-collared several metres away and re-drilled as TGGRC139, targeting at depth a potential VHMS mineralised system which has an anomalous base metals gossan outcrop. The hole was terminated at 275m after encountering no geological indications of gold or base metal anomalism, and it intersected no black shales. The hole was not sampled for formal assay.
TGGRC140 was drilled on the southern part of the Battery shear. It did not intersect the inferred shear, encountering no mineralisation to the depth of 207m. Visual logs and on site interpretation suggests that the hole may have been drilled within the hanging wall of the main structure.
At the Granite Well prospect, a 178.6m diamond tail was drilled from a 257m RC pre-collar to a total depth of 435.6m (TGGRCDD133: see Figure 3 in link below). The main target was to test the deep, westerly dipping conductor which previous RC drilling attempts had not been able to reach. The RC pre-collar deviated slightly and the diamond tail followed a similar trend. A mixture of felsic and mafic volcaniclastic rocks was intersected, but no reasonable explanation of the geophysical feature was found. The hole was cased and a DHTEM survey will be undertaken to investigate the possible presence of the potential off-hole mineralised conductor indicated from geophysical surveys.
This Garden Gully drilling programme has tested multiple targets and concepts and improved our understanding of the mineralisation at Crown Prince, Lydia, Transylvania, Battery and Granite Well prospects. It has extended known mineralisation and identified new mineralised structures. Lydia continues to grow and remains open at depth and to the north and south. Our first exploration of Crown Prince has confirmed the presence of high grade gold mineralisation at least 130m vertically below the deepest previously demonstrated mineralisation and it remains open. Transylvania is giving indications of possible repetitions of the mineralisation styles and structural settings now identified at Crown Prince and at Lydia.
The Garden Gully results to date are an unqualified success and continue to demonstrate that the project holds the potential for a significant new body of gold mineralisation in this proven gold province around Meekatharra.
The next phases of work will focus on advancing the Lydia and Crown Prince prospects towards the definition of maiden resources. We will also continue to evaluate the as yet untested parts of the extensive Garden Gully project area for further repetitions of the structures and mineralisation settings we have identified to date. The evidence so far continues to point towards these individual prospects comprising elements of a much larger mineralising system at depth.
Thundelarra began exploration at Garden Gully in mid-2016 and continues to explore the project aggressively. To date over 26,000m of drilling has been completed in 141 holes, comprising 23,556m 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.
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.
To view tables and figures, please visit:
Mr Tony Lofthouse Chief Executive Officer T: +61-8-9389-6927 E: email@example.com W: www.thundelarra.com
Regeneus Ltd (ASX:RGS), a clinical-stage regenerative medicine company, today released its Half-Year Report for the 6 months to 31 December 2017.
The past 6 months has been a period of positive developments for the business. In Japan, we have made significant progress on the transfer of Progenza technology to AGC with AGC having established a mirror production capability at their Yokohama R&D Centre.
We have advanced our discussions and due diligence on securing our first clinical partner for Progenza in Japan. We are working closely with AGC in relation to securing a licensing partner and expect to make an announcement about this by the end of the financial year.
Japan continues to be the most active market for corporate and licensing activity for regenerative medicine technologies with two acquisitions by major Japanese pharmaceutical companies in this quarter. Takeda announced the acquisition of TiGenix for US$620m in January and Astellas announced the acquisition of Universal Cells for US$102m in February. Both these target companies have donor stem cell technology platforms.
The appointment of our new Japan based director Leo Lee will give the Board greater insights and capabilities as we grow our business in Japan. Leo is an executive with senior experience in the Japan pharmaceutical industry including as current President of Merck Serono, Japan and previously the President of Allergan.
To assist with funding of our development programs, we have put in place a new $2m R&D tax incentive debt facility. The securing of a clinical partner in Japan will provide further funding and will release additional milestone funding from our AGC collaboration. These funding sources will contribute to the longer-term success of Regeneus' product development and licensing strategy.
Other business highlights include:
- STEP trial manuscript accepted for publication in Q3 FY18
- Sygenus preclinical study shows a strong analgesic effect outperforming morphine for pain relief
- Sygenus gel shows positive results in acne study
- Recruitment closed for RGSH4K ACTIVATE trial and to be reported H2 FY18
- Strengthening of the patent portfolio with patents granted for the treatment of acne using the Company's stem cell secretions technologies
The financial highlights for the reporting period included:
- Licence revenues of $0.4m in line with prior comparable period (excluding AGC licence fees of $7.6m)
- Operating loss of $2.71m (FY16 profit of $3.76m including AGC licence fee)
- Cash burn averaging $1.79m per quarter (FY16: $1.53m per quarter)
- Net cash used in operating activities of $0.97m (FY16: $0.32m)
- Receipt of $2.61m R&D tax incentive for FY17 ($2.73m for FY16)
- $2m R&D tax incentive debt facility being finalised
Regeneus' primary focus is to license Progenza for osteoarthritis in Japan in FY18 and over the next 12 months we will also look to licence Progenza for OA in other major markets including the US and Europe. We will also be seeking to licence Progenza for other indications in Japan and other major markets.
Regeneus will continue to focus on unlocking value in its clinical-stage human and animal pipeline products through generation of positive clinical data, technology development and partnering through the following activities:
- Secure initial clinical partner for Progenza for osteoarthritis in Japan - FY18
- Advance clinical partnering discussions for Progenza for other indications in Japan and other major markets - ongoing
- STEP Trial manuscript publication - Q3 FY18
- Further Sygenus product development to target specific pain and dermatological indications - ongoing
- Explore early licensing opportunities for Sygenus for pain and dermatology - ongoing
- Complete recruitment and report on ACTIVATE clinical trial - H2 FY18
- Advance clinical partnering discussions for RGSH4K with Phase 1 data - ongoing
- Complete recruitment and report on CryoShot canine OA trial - FY19
- Complete recruitment and report on Kvax canine B cell lymphoma trial - FY19
To view Half-Year Report, please visit:
To view Half-Year Results Presentation, please visit:
Sandra McIntosh Company Secretary Regeneus Ltd T: +61-2-9499-8010 E: firstname.lastname@example.org W: www.regeneus.com.au
Intermin Resources Limited (ASX:IRC) ("Intermin" or the "Company") is pleased to advise that a new Research Report dated 16 February 2018 and issued by Arrowhead Business and Investment Decisions, LLC ("Arrowhead") can be viewed in the investor centre on the Company's website.
The Research Report was compiled by Mr Jay Thakkar and Mr Shruti Gupta from Arrowhead who were engaged by Intermin Resources Limited as part of the investor roadshow to North America, Europe and the United Kingdom.
To view the new Research Report, please visit:
Jon Price Managing Director Tel: +61-8-9386-9534 E: email@example.com Michael Vaughan Media Relations - Fivemark Partners Tel: +61-422-602-720 E: firstname.lastname@example.org
WiseTech Global Ltd (ASX:WTC) (OTCMKTS:WTCHF) announces the Company's revenue up 31%, EBITDA up 32%, on track for FY18 guidance.
Key statutory results 1H18 vs 1H17
- Total 1H18 revenue of $93.4m, up 31%
- Net profit attributable to equity holders of $15.6m, up 8%
- Fully franked interim dividend of 1.05 cents per share
Key performance indicators 1H18 vs 1H17
- Recurring revenue 100% (excluding acquisitions)
- Annual attrition rate of
- EBITDA $31.8m, up 32%
- EBITDA margin 34% (46% excluding acquisitions - see Note 1 below)
Strong growth in revenues while expanding global platform
CEO, Richard White, said "Our global operations continued to deliver quality growth with revenues up 31% to $93.4m and EBITDA up 32% to $31.8m for the first half 2018, while we rapidly and relentlessly delivered significant new product innovations and extensive geographic expansion to accelerate our future growth."
"The power and strength of our CargoWise One operations are reflected in their 100% recurring revenue, annual customer attrition rate of
Highlights from execution of strategic growth initiatives
- In 1H18, we invested over 37% of our revenue and over 50% of our people in product development, significantly expanding our platform. From FY14 to FY18 we will have invested over $200m in R&D.
- Continued strong revenue growth with existing customer revenue up $13.0m and all cohorts growing revenue in the period.
- Existing customers delivering 81% of our organic revenue growth with global penetration still in the early stage.
- CargoWise One licence transition to 'On-Demand' essentially complete.
- Overall, 24 of the top 25 Global Freight Forwarders (see Note 2 below) are customers as are 33 of the top 50 global 3PLs (see Note 3 below).
- We have progressed product development in China, Italy, Germany and Brazil and across our global adjacencies. Throughout 1H18 and to February 2018, we announced 11 valuable acquisitions across Brazil, Taiwan, Australia, North America, the Netherlands, Ireland and Belgium.
Innovation and expansion of our global platform
In 1H18, we invested $34.3m and 50% of our people in product development, further expanding our commercialisable innovations and delivering 230 product upgrades and enhancements seamlessly across the CargoWise One platform.
These hundreds of upgrades and new enhancements included significant initiatives such as:
- Launch of BorderWise, first regional rollout of comprehensive global border compliance engine;
- WiseRates, additional functionality in rates automation;
- Launch of PAVE, Productivity Acceleration and Visualisation Engine, a technology layer applied across our CargoWise One workflow engine; and
- Regulatory upgrades for a myriad of government changes including US Automated Commercial Environment, Canada-EU Free Trade and China golden tax regime.
A sample of the larger pipeline components include:
- Development of our global rates ecosystem, incorporating real-time ocean and air rate processing and management with automations for bookings, invoicing and execution;
- International e-commerce integrated solution for high volume, low value (HVLV) e-tail shipments from origin to door, currently in prototype test with development partner;
- Universal Customs Engine designed to deliver complex, multi-year localisations in a fraction of the time and cost;
- Advancements in architecture engine, GLOW, which allows rapid product development across multiple operating systems on any device, by non-technical staff; and
- Comprehensive global air cargo tracking, including air waybill tracking, events and automations.
Additionally, within our innovation pipeline, we continue to invest research and development resources into machine learning, natural language processing, robotics, process automation and guided decision support, all of which must be driven by large volume transaction data and deep learning around vast border agency data sets, compliance, due diligence, and risk assessment and mitigation. We are uniquely placed to build these global data sets - with our global platform CargoWise One and our 7,000 strong customer base, we see into the supply chain to a depth and breadth that is invaluable for technology development.
Greater usage by existing customers
We experienced continuing existing customer growth of $13.0m which delivered 81% of the 1H18 organic revenue growth. This growth was generated by:
- Our large customer base continuing to increase their use of the platform, adding transactions, users and geographies and moving into more modules;
- Increasing usage by many of the world's largest freight forwarding groups. Overall, 24 of the top 25 Global Freight Forwarders (see Note 2 below) are customers. DHL Global Forwarding rollout progressing well, while those global freight forwarding rollouts recently completed (eg Yusen) will start to access productivity gains;
- Continued transition of customer licensing (excluding acquisitions) with 99%+ of CargoWise One revenues generated from On-Demand licensing, an access-as-needed, monthly payment based on usage, licence; and
- Further growth in revenue from larger customers, yet our top 10 customers contribute only 28% of revenue (1H17: 26%). Pleasingly, 33 of the top 50 global 3PLs (see Note 3 below) are now customers.
Increasing new customers on the platform
New customer revenue growth rose $3.1m in 1H18 while new customer sales were on a par with prior period. As we increase our global penetration, we also continue to sign new customer deals with customers where we have a pre-existing relationship in another region. We allocate those new customers to our existing customers' revenue.
Stimulated network effects
We harness important natural network effects that exist because of the necessarily collaborative nature of supply chain execution and the inherent effect of our deeply integrated global platform. We further stimulate these effects with targeted partner programs through WiseBusiness, WiseService and WiseTechnical partners, Wise Agent Referral Program (WARP), Certified Professional and deeper WiseIndustry programs for freight forwarding network groups globally. We currently have ~230 external WisePartner organisations across the world, actively referring, promoting or implementing our platform.
In addition, each new geography and adjacency we acquire adds a valuable point on our strategic map, accelerates the network effects and makes CargoWise One even more compelling to local and global logistics providers and their customers.
Accelerating organic growth through acquisitions
We have progressed product development in China, Italy, Germany and Brazil and across our global adjacencies. We have announced a further 11 valuable acquisitions across Brazil, Taiwan, Australia, North America, the Netherlands, Ireland and Belgium. These acquisitions are at various stages of completion and integration and, once fully embedded, will expand the functionality, scope and value of our industry-leading technology and provide a strong base for further accelerating our long-term organic growth.
Throughout 1H18, and to February 2018:
- On 1 August 2017, we completed the acquisition of Bysoft, the largest provider of customs and logistics compliance solutions to the logistics industry across Brazil. This provides a significant foothold in the largest South American market and the opportunity to integrate the Bysoft customs solution into CargoWise One for the benefit of all existing customers;
- In August 2017, we acquired the Digerati business, a leading provider of tariff research and compliance tools utilised by the Australasian customs broking community, and reference data provider, TradeFox, both of which we utilised to enhance our cross-border compliance engine, Borderwise;
- On 31 August 2017, we completed the acquisition of the Prolink business, a leading provider of customs and forwarding solutions across Taiwan and China which gives us additional regional strength to accelerate our growth throughout Asia;
- On 31 August 2017, we completed the acquisition of CMS Transport Systems, a leading Australasian provider of road transport and logistics management systems. This acquisition will allow us to further accelerate our local developments in land transport and integrated telematics;
- On 12 September 2017, we announced the acquisition of two global rate management solution providers: Netherlands-based Cargoguide, a leading provider of global air freight rate management solutions and US-based CargoSphere, a leading provider of global ocean freight rate management solutions. Both acquisitions completed in September 2017;
- On 13 December 2017, we announced the acquisition of Microlistics, a leading provider of specialist warehouse management solutions across Asia-Pacific and North America;
- On 20 December 2017, we announced the acquisitions of two European customs solutions providers, both headquartered in Dublin: ABM Data Systems, a leading pan-European developer and provider of customs clearance solutions and CustomsMatters, a leading Irish provider of e-customs solutions; and
- On 7 February 2018, we announced the acquisition of Intris, the leading Belgian provider of freight forwarding, customs and warehousing management solutions.
In expanding geographically, we buy into market positions that would take years to build, and we then integrate the acquired industry and developer talent and customers over time to accelerate our organic growth. We further utilise acquisitions in key adjacencies to facilitate our development of globally available innovations, to fuel the convergence of technologies that add to our next generation of automations and machine learning and to grow and enhance our extensive global data sets. Accordingly, we will continue to execute on our considerable pipeline of near-term, mid-term and long-term acquisition opportunities in target areas of Asia, Europe and South America.
We declared an interim dividend of 1.05 cents per share payable on 6 April 2018. This is in-line with our policy - a payout ratio of up to 20% of annual statutory NPAT. The dividend will be fully franked and the record date is 12 March 2018.
CEO, Richard White, said "In a rapidly evolving global environment, our significant advances in product development, expanded global footprint, powerful global CargoWise One platform and financial strength, we are exceptionally well-placed to meet the needs of our customers, leverage macroeconomic conditions and drive the competitive dynamics of logistics execution around the world."
"Additionally, e-commerce is becoming a transformative model alongside the traditional bulk freight markets we already service, with the exponential volumes involved simultaneously pressuring and expanding third-party logistics businesses. We see high growth and increasingly specialised needs in e-commerce cross-border delivery modes and we have product capabilities expressly targeted at this mega trend. As e-commerce logistics evolves, we too continue to develop the technology and productivities needed to support the high volume, small parcel industry."
"We will continue to drive our '5 levers of growth' across the business: relentless innovation and product development, growing revenue from existing customers, acquiring new customers, stimulating network effects and accelerating organic growth through targeted acquisitions in new geographies and logistics adjacencies."
FY18 guidance on track with strong 1H18 performance
CEO, Richard White, said "The strong momentum of the Group's performance in 1H18 combined with 100% recurring revenue (excluding acquisitions), annual customer attrition rate of less than 1% and continued expansion across our global business gives us confidence to expect, subject to currency movements (see Note 4 below):
FY18 revenue growth of 35% to 41%, revenue of $207m to $217m,
FY18 EBITDA growth of 32% to 39%, EBITDA of $71m to $75m".
1. Acquisitions are those businesses acquired since 2012 and not integrated into CargoWise One.
2. Armstrong & Associates: Top 25 Global Freight Forwarders List, ranked by 2016 logistics gross revenue/turnover and freight forwarding volumes.
3. Armstrong & Associates: Top 50 Global Third Party Logistics Providers List, ranked by 2016 logistics gross revenue/turnover.
4. Our revenue is invoiced in a range of currencies, reflecting the global nature of our customer base and, as a result, is impacted by movements in foreign exchange rates. Our FY18 guidance is based on rates provided within the investor briefing materials released to the ASX on 21 February 2018.
To view tables and figures, please visit:
To view WTC 1H18 Results Investor Presentation, please visit:
Investor Relations Gail Williamson T: +61-2-8001-2200 E: email@example.com Media Piers Shervington T: +61-404-538-177 E: firstname.lastname@example.org Matthew Gregorowski T: +61-2-8234-0100 E: email@example.com
Lithium Power International Ltd (ASX:LPI) (OTCMKTS:LTHHF) provides the Company's Investor Presentation February 2018.
Lithium Power: a compelling investment opportunity
- Located within the "Lithium Triangle" in northern Chile, home to the largest and highest quality lithium brine deposits.
- LPI's Maricunga project is the highest quality pre-production lithium brine project in South America in terms of lithium grade, size and aquifer characteristics.
- Most advanced project in Chile outside of the mine expansions by SQM and Albemarle.
- The properties are 100% owned by the JV and not subject to leasehold related negotiations impacting other Chilean operators.
- 2017 JORC and Ni43-101 Resource Estimate
o 2.15 Mt LCE & 5.7 Mt KCl
o One of the worlds highest grade lithium brine resources at 1,160 mg/l lithiumand; 8,500 mg/l potassium
o 80% Measured & Indicated: 1.7 Mt LCE and 4.5 Mt KCl
o 20% Inferred: 0.45 Mt LCE and 1.2 Mt KCl
o Exploration target upper case scenario 2.5 Mt LCE
- Preliminary Economic Assessment ("PEA") by WorleyParsons completed in Dec 2017 indicates Maricunga to be a low-cost lithium producer with short payback and a long mine life.
- Definitive feasibility study targeted by end of 3Q18.
- Test work has produced the first battery grade Li2CO3 sample, meeting commercial high quality specifications
- Optimization of lithium extraction and potassium production to develop the lowest cost process with highest possible recoveries.
- Port and logistics assessment fully completed.
- All permitting and government approvals targeted 2Q19
To view the full presentation, please visit:
Lithium Power International Ltd WWW: www.lithiumpowerinternational.com
Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) is pleased to announce that it has been advised by the Malaysian Investment Development Authority (MIDA) that the manufacturing licence for operation of its 4,500tpa high purity alumina (HPA) plant at Johor, Malaysia has been approved. This represents another important development milestone that has been achieved by the Altech management team.
- Manufacturing licence for 4,500tpa HPA plant approved
- Another HPA development milestone achieved
- Target "Pioneer Status" investment incentive (5-year company income tax exemption)
- 1.2 billion ringgit investment in Malaysia
Under the terms of notification of the manufacturing licence approval, Altech Malaysia has been requested to submit copies of various corporate documents, a largely administrative process, after which the formal manufacturing licence will be issued. It is currently anticipated that the formal manufacturing licence will be issued during Q-2, 2018.
Upon issue of the manufacturing licence, Altech Malaysia's application for "Pioneer Status" (High Technology) investment incentive classification will progress. A project approved as Pioneer Status (High Technology) will benefit from income tax exemption of 100% of its statutory income for a period of five years from the commencement of commercial production. Also, any accumulated losses and unabsorbed capital allowances (depreciation) during the Pioneer Status period can be carried forward and deducted from post Pioneer Status period income.
The issue of the formal manufacturing licence will also allow the Company to proceed to the next stage of state and local government approvals.
Commenting on the manufacturing licence approval, Altech managing director Mr Iggy Tan said, "The Company is delighted with the support that it is receiving for its HPA project from MIDA and the Johor and Malaysian governments. The prompt assessment of our manufacturing licence application is testament to the support for our proposed HPA plant, which will represent a total investment of approximately 1.2 billion ringgit in Malaysia."
Iggy Tan Managing Director Altech Chemicals Limited Tel: +61-8-6168-1555 Email: firstname.lastname@example.org Shane Volk Company Secretary Altech Chemicals Limited Tel: +61-8-6168-1555 Email: email@example.com Investor Relations (Europe) Kai Hoffmann Soar Financial Partners Tel: +49-69-175-548320 Email: firstname.lastname@example.org
Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) provides the Company's February 2018 Presentation.
A TRANSFORMATIONAL 2018
- Matilda-Wiluna Gold Operation set to deliver strong positive operating cash flows in 2018 and beyond
- Recently commenced mining, processing and stockpiling of high grade ore
- Recent operations have demonstrated turnaround with record monthly milled tonnes (163kt) and record monthly gold production (6.5koz @ A$1,158 ASIC) in Jan'18
- Delivering a step-change in operations economics
- Re-capitalization plan successfully completed
- Meaningful long-term upside from dominant land position and 6.5Moz (65Mt @ 3.1g/t) resource base
- Ongoing drilling to target a "rolling" free milling mine life of at least 5 years
- Exploration and reserve drilling programmes to recommence at beginning of Mar'18 after six months of targeting work
EXPLORATION -A SIGNIFICANT DRIVER OF VALUE
- Blackham has a strong history in successful exploration adding resources at less than A$7/oz
- 4 large scale gold systems capable of sustaining a long life operation with multiple drill-ready targets
- Aiming to unlock the potential of the underexplored Wiluna Goldfield
- Our mission is to build a free milling mine life of + 5 years
- Extending reserves of known orebodies
- Discovering new orebodies
- Since June 2016:
o 1.4 million ounces added to the total resource base (1)
o 640,000 ounces added to the total reserve base(2)
- Long-life sulphide mine life beyond 9 years already demonstrated by Expansion PFS(2)
1) See ASX announcement 3rd August 2017 for further information
2) See ASX announcement 30th August 2017 for further information
AUSTRALIA'S BIGGEST GOLD BELT
- Australia's largest gold belt stretching from Norseman through Kalgoorlie to Wiluna
- Regional endowment > 40Moz
- Matilda/Wiluna Operation has resources and past production of >11Moz -largest mining camp in region
- High potential to grow the resource base further through additional discoveries
- Large tenement holding of >1,100km2 and 55km of strike
To view the full presentation, please visit:
Milan Jerkovic Chairman Blackham Resources Limited T: +61-8-9322-6418 Jim Malone Investor Relations Manager Blackham Resources Limited T: +61-419-537-714 John Gardner Media Enquiries Citadel Magnus T: +61-8-6160-4901
Environmental Clean Technologies Limited (ASX:ESI) (ECT or Company) is pleased to provide the following update on the progress of its activities in India in support of its world-first technology project with partners NLC India Limited (NLC) and NMDC Limited (MNDC).
- Final Report for the independent financial review due to be completed by the end of February ahead of submission to NITI Aayog
- ECT VIP guests at NLC's 2nd annual Finance and Corporate Governance event
- NLC mention ECT in recent interview with India's The Hindu 'Business Line'
ECT Chairman Glenn Fozard joined Ashley Moore (CMD, ECT India) and Jim Blackburn (COO, ECT) in Neyveli, southwest of Chennai, India this week in support of finalising the previously announced independent financial review of its Integrated Coldry-Matmor demonstration-pilot project which will inform the final structure under the associated Master Project Agreement (MPA).
During the visit, NLC graciously hosted the ECT team as VIP guests to their 2nd Finance and Corporate Governance event.
The 2nd F&CG event included presentations by pre-eminent Indian experts in accounting, law and finance and highlights the pace at which Indian business is adopting global best practise standards in response to the fast pace of Government reforms on taxation and companies law.
CMD of ECT India (ECTI), Ashley Moore, commented, "The independent financial review team are undertaking a thorough assessment of Indian tax and legal issues and their application to the proposed project structure. We are confident that while the change in sequence we previously noted (see announcement 20 Dec 2017) has seen the deadline for completion of the Report extended to the end of February, the front-ending of these considerations is intended to ensure we meet our targeted date for financial close by 30 June 2018.
"The current legal and tax review activity is being well-supported by our local tax advisers, Grant Thornton and legal advisers, IndusLaw and their dedicated commitment to solving complex tax and legal challenges has allowed ECT to refine the proposed structure, eliminating some structural complexity and improving tax management.
"This process has re-shaped the project structure into a form that is built for a long standing and sustainable relationship between the project partners."
Glenn Fozard commented, "It was reassuring to see the pace at which NLC is adopting global best practice whilst maintaining a strong connection to compliance and governance. The fruits of these changes are borne out by the best financial performance by the company since inception, in the last reporting period."
In associated news, NLC Chairman Sarat Kumar Acharya spoke with Indian news outlet The Hindu Business Line about his company's ambitions to grow capacity to 20,000 MW by 2025.
The article went on to talk about NLC's 'rejuvenated R&D forays', including our project:
But more than these, NLC's thrust into the future manifests itself in terms of rejuvenated R&D forays.
Acharya speaks of carbon capture and storage and underground coal gasification, but these are for the deep future; for now, the company has two projects whose impact might be felt in the medium term. For instance, an agreement is to be signed any time now with an Australian company called Environmental Clean Technologies..."
This media mention is consistent with past updates and the Company looks forward to providing further information on the progress of the review by NITI Aayog as it develops.
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.
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 figures, please visit:
Glenn Fozard Chairman Environmental Clean Technologies Ltd E: email@example.com WWW: www.ectltd.com.au
Alt Resources Ltd (ASX:ARS) announces first pass Reverse Circulation (RC) drilling has been completed at the Myalla Project located in southern NSW. The program was suspended early due to technical issues with the drill rig. 6 holes of the 9 hole program were completed.
- First pass RC drilling completed at the Myalla Project, NSW
- 6 holes of 9 hole program completed
- Massive sulphide intercepted in 4 holes
- Samples have been dispatched to ALS laboratories in Brisbane
- Assay results expected in March
The 6 holes were targeted to confirm historical intercepts at the Rock Lodge gold and base metals prospect, within the Myalla Project. Historical drilling at Rock Lodge by Southern Gold NL in 1985 intercepted massive sulphides with recorded grades up to 4.28 g/t Au, 35 g/t Ag, 0.79 % Cu and 13.5 % Zinc (see Note below). New drilling by Alt Resources has visually confirmed these results.
Sulphide mineralisation is strongly associated with silica alteration and minor quartz veining, indicating that a significant volume of mineralising fluid has passed through the rock. Significant sulphide mineralisation was observed in 4 holes, of the 6 hole program.
Samples have been dispatched to the ALS laboratory in Brisbane for assay, with results expected in March 2018.
Two of the 6 RC holes were deflected from the target due to strong silicification and a lack of rod stabilising equipment on the rig. Alt will undertake re-drilling of the Myalla project later in the year pending the outcomes of these initial assays.
Note: Sourced from NSW Geological Survey Open File Report GS1984_166.
To view figures, please visit:
Alt Resources Ltd T: 1300-66-00-01 M: +61-406-069-243 E: firstname.lastname@example.org www.altresources.com.au
Ardiden Ltd (ASX:ADV) provides the Company's latest Corporate Presentation.
THE ARDIDEN ADVANTAGE
- Diversified project portfolio targeting hard-rock energy minerals
- A combination of near-term development projects and highly-prospective exploration prospects
- Ontario, Canada is a world-class mining jurisdiction
- Close proximity to world class infrastructure and all-year access to project locations
- Direct access to rapidly expanding American & Asian electric vehicle and energy storage markets
- Excellent exploration, drilling and metallurgical results from Seymour Lake Lithium Project
- Experienced Board, Management and Technical Teams
- Binding BOT & Funding Term Sheet with strategic partner Yantai Jinyuan Mining Machinery Co Ltd
- Well funded to rapidly develop and progress the 100% owned Seymour Lake flagship Lithium Project
WORLD CLASS MINING JURISDICTION
- Ontario, Canada is an established Tier-1 mining district
- Low sovereign risk for development and production
- World-class infrastructure (road, rail, power, communication and port facilitates)
- Direct access to rapidly expanding American & Asian EV and Energy Storage markets
- Project locations surrounded by major mining deposits
- Strong provincial support from Ministry of Northern Development and Mines
HIGH-QUALITY PROJECT PORTFOLIO
- Ardiden holds a highly-prospective, diversified commodity portfolio
- Ardiden currently targeting quality hard-rock energy minerals
- Seymour Lake (100% owned) is the Company's flagship project and highly advanced lithium prospect
- Seymour Lake hosts high-grade premium quality hard-rock lithium project, with Lithium grades up to 6.01% Li2O identified (ASX Release: 20 December 2016)
- Drill testing extension of known spodumene hosting pegmatite structures within the Aubry prospects of the Seymour Lake Lithium Project
- Targeting substantial resource upgrade at Seymour Lake in 2018
To view the full presentation, please visit:
Investors: Brad Boyle CEO & Executive Director Ardiden Ltd Tel: +61-8-6245-2050 Media: Michael Weir / Cameron Gilenko Citadel-Magnus Tel: +61-8-6163-4903
Rumble Resources Ltd (ASX:RTR) ("Rumble" or "the Company") is pleased to announce that the completion of re-split assaying of previous composites and additional composite sampling from the maiden reconnaissance drilling program (completed Dec 2017) at the Braeside Project (E45/2032) has confirmed high grade zinc mineralisation at the Devon Cut Prospect and identified high-grade vanadium potential.
Devon Cut Prospect High-Grade Zinc Discovery
Re-assaying of composites samples and additional multi-element analysis has confirmed the Devon Cut Prospect (tested by a single RC drill hole within a 2km zinc soil anomaly) as a significant discovery and has identified high-grade vanadium potential.
- The high-grade zone returned 5m @ 8.0% Zn, 0.35% Pb from 32m within a broad zone of lower grade zinc mineralisation which returned 30m @ 1.5% Zn from 28m.
- Strong alteration (silica - sericite - chlorite) is associated with the base metal mineralisation. Alteration extends from 17m to 88m EOH. Elevated Hg (mercury) and In (indium), indicative of high level porphyry related base metal systems, is associated with the high grade Zn mineralisation.
- Grab sampling near the Devon Cut Prospect returned high-grade vanadium which is inferred to be related with a large mafic dyke system intrusion (magnetic and vanadiferous) that occurs immediately west of the Devon Cut zinc mineralisation.
o Grab sampling results include high grade 3.29%, 1.82% and 1.52% V2O5.
o The Devon Cut discovery hole intercepted 3m of vanadium anomalism from 53m within altered andesitic basalt.
- The base metal mineralisation extends for 34km strike within E45/2032 and is completely open with the mineralisation associated with two main structures from the Ragged Hills Mine to the south all the way through to north, with up to four strongly mineralised structures occurring over a 5km wide corridor (north of the Devon Cut Prospect).
- Within the E45/2032 tenement there are eleven (11) groups of significant base metal in soil anomalism, of these groups, only four (4) have been partly tested with the latest reconnaissance RC drilling. E45/2032 represents approximately 15% of the total Braeside Project (>1000km2).
- The single drill hole testing the Barker Well Prospect area intercepted 124m @ 0.19% Pb, 900ppm Zn (no lower cut-off) over the entire hole length in association with pervasive silica-sericite-chlorite alteration. The intercept is considered very significant as it indicates the fluids were consistently metal rich and the flow was voluminous to allow the pervasive alteration of the host rock (andesitic basalt) in association with fracture/feeders likely related to a deeper porphyry source.
- Rumble is targeting high-grade fault breccia pipe type deposits (2-5Mt of high-grade Zn and Pb). In addition to this target type, recent sampling has shown that base metal mineralisation is closely associated with wide zones of alteration, in the case of Barker Well Prospect, over 100m in width. Rumble considers there is potential for larger tonnage lower grade disseminated base metal deposits (30-50Mt).
Additional assaying included multi-element analysis of the high-grade zinc mineralisation. Further grab samples were collected at the Devon Cut, Sugar Ramos and North Ragged Hills prospects.
About the Braeside Project
The Braeside Project lies 140km east of Marble Bar and is located on the eastern margin of the Pilbara Craton in the northwest of Western Australia (see image 1 in link below). The project hosts the Braeside Pb-Ag-Zn mining district which includes the Ragged Hills mining centre (discovered in 1901) and numerous small mines along a series of north trending structures (informally called the Braeside Fault Zone - BFZ). The historic mines were operative from 1925 to 1967. The BFZ contains high grade poly-metallic mineralisation over 34km of strike with dominant galena and associated sphalerite and chalcopyrite. The BFZ and associated mineralisation are hosted in Fortescue Group mafic volcanics and volcaniclastics (Maddina Basalt and the Kylena Basalt). The Koongaling Felsic Volcanics sequence is the same age as the Kylena Basalt (bimodal) and lies further east.
Rumble has the right to earn 70% of granted licence E45/2032 and holds 100% of 5 contiguous exploration licences (under application). To the north of the granted licence, Rumble has an option on the Barramine Project which lies along strike from the BFZ. The total area of prospective terrane for high grade Zn-Pb Cu, Ag and Au deposits is now over 1000km2.
Prior to Rumble's acquisition of the high-grade project there had been no modern systematic exploration on the project.
During 2017, Rumble completed the first ever modern systematic exploration on the Braeside project.
The systematic exploration program included soil sampling (regional and infill), Heli - VTEM and prospect geological mapping with grab sampling which generated thirteen (13) targets that were subsequently tested by nineteen (19) first pass reconnaissance RC drill holes. Significantly in the maiden RC Drilling program at the Braeside Project, seventeen (17) of the drill holes intersected anomalous Zn-Pb mineralisation with eight (8) of the targets delineating significant Zn-Pb (> 1% Pb/Zn) mineralisation along with a new zinc discovery at the Devon Cut Prospect.
Pervasive widespread silica-sericite-chlorite alteration with potassic (Kspar), hematite and magnetite is associated with the major fault/fracture zones - BFZ - which host widespread disseminated to massive base metal mineralisation over the entire 34 km strike. The structures are likely laterally extensive feeders associated with known sub volcanic rhyolites that outcrop further to the east. Research and litho-geochemical studies by Rumble has shown mineralisation (Pb dating), the rhyolite and the host andesitic basalt are approximately the same age.
The porphyry related base metal geological/deposit model developed by Rumble has been supported by the latest multi-element geochemistry which has highlighted elevated mercury and indium with the high-grade Zn mineralisation.
The latest round of grab sampling has returned high-grade vanadium assays from the Devon Cut prospect area. Regional mapping and interpretation has outlined an extensive north trending mafic dyke sequence (both cross cutting and conformable to lithologies) which is magnetic and vanadiferous.
Additional Sampling and Multi-Element Analysis
During January 2018, a total of 485 RC chip samples were assayed. Sampling included 1 metre re-splits of composites and additional composite sampling from the entire nineteen (19) hole RC drilling programme that was conducted in November-December 2017. Select detailed multi-element analysis (18 samples) was completed on the higher-grade base metal mineralisation. Further grab sampling (12 samples) was completed on the Devon Cut, Sugar Ramos and Ragged Hill North prospect areas.
Devon Cut Prospect (BRRC019) - New Zinc Discovery (see image 2 & 3 in link below)
Single metre re-sampling of previous composite samples and multi-element analysis returned:
- 5m @ 8.0% Zn, 0.35% Pb from 32m
inc 1m @ 21% Zn, 0.97% Pb from 34m.
The high-grade intercept was within a broad zone of zinc anomalism:
- 30m @ 1.5% Zn from 28m
Strong silica-sericite-chlorite-hematite alteration was intercepted from 17m to end of hole (88m). Geological interpretation from logging and position of high grade mineralisation at surface indicates that the high-grade intercept is approximate true width. Multi-element analysis of the high-grade intercept returned up to 21.3 ppm Hg (mercury) and 16 ppm In (indium).
Mineralisation at the Devon Cut is completely open along strike and down dip.
Grab sampling at the Devon Cut Prospect returned high grade vanadium:
V2O5 - 3.29%, 1.82% and 1.52%
BRRC019 intercepted weak vanadium anomalism from 53m (0.095% V2O5). Geological investigation has highlighted a mafic intrusion immediately west of the Devon Cut Prospect mineralisation (BRRC019 did not intercept the mafic intrusion). The intrusion (dyke) is gabbroic to tonalitic in composition and is strongly magnetic.
Anomalous vanadium in soil geochemistry elsewhere within E45/2032 has been observed with up to 560ppm V2O5 over or nearby the inferred position of the mafic dyke.
With rock chip samples reporting high grade vanadium, the mafic intrusion is considered significant and further work is planned for this year.
Results of the Re-Assaying and Composite Sampling - RC Drilling
Of the nineteen (19) drill holes sampled, seventeen (17) drill holes returned anomalous base metal intercepts (mineralisation >1000 ppm Zn and/or Pb), with eight (8) of the drill holes discovering significant Zn-Pb mineralisation along with a new zinc discovery at the Devon Cut Prospect - (see above). The re-assaying of the previous composites as one metre samples has confirmed the previously reported lower grade intercepts, however, more importantly, it has highlighted that the widespread base metal anomalism is closely associated with the pervasive alteration.
The single drill hole testing the Barker Well Prospect area (BRRC036) returned anomalous Pb and Zn over the entire length (124m) in association with pervasive silica-sericite-chlorite alteration.
The drill hole returned an intercept of 124m @ 0.19% Pb, 900ppm Zn from surface (no lower cut-off).
This is very significant as it indicates the fluids were consistently metal rich and the flow was voluminous to allow the pervasive alteration of the host rock (andesitic basalt) over significant widths (>100m wide) in association with fracture/feeders likely related to a deeper porphyry source.
In general, the Braeside mineralisation is zinc (sphalerite) and/or lead (galena) dominate with associated copper, silver and minor gold. Other elevated elements include Mo (molybdenum), Hg (mercury) and In (indium). Indium is directly associated with sphalerite (indium is a common by-product of zinc). Anomalous Ba (barium) is observed with higher grade galena (Pb) without sphalerite (Zn).
The high-grade vanadium is likely associated with a series of mafic intrusions trending north-south. The mafic dykes appear to be later than the main altered structures/feeders hosting the dominant Zn and Pb mineralisation as they often intrude along the same zones. Later veining (epigenetic veining commonly overprints the main mineralised structures) has potentially upgraded the vanadium at the Devon Cut Prospect.
Of the main oxide elements, K (potassium) is strongly associated with Ba and is often elevated in the hanging wall and footwall to the main base metal mineralisation. Kspar has been often observed along with muscovite within the alteration zones.
Summary of Mineralisation and Target Type
The latest sampling and multi-element analysis of RC drilling completed last December has reinforced the geological/exploration model developed by Rumble. The Braeside base metal mineralisation is likely associated with wide pervasively altered fracture/fault zones which are feeder faults associated with porphyritic rhyolite. The highlights are:
- The base metal mineralisation extends for 34km within E45/2032 and is completely open.
- The mineralisation is associated with two main structures at the Ragged Hills Mine (southern end of granted tenement E45/2032) and further north, up to four strongly mineralised structures occur over a 5km wide corridor (north of the Devon Cut Prospect).
- The new Zn discovery at Devon Cut has been confirmed by the latest sampling. The high-grade intercept (5m @ 8.0% Zn, 0.35%Pb) within a broad altered lower grade intercept (30m @ 1.5% Zn) is considered very significant considering the reconnaissance nature of the single RC drill hole. The discovery lies within a 2km long Zn and Pb soil anomaly that is completely open along strike and at depth.
- Base metal mineralisation is associated with significant widths of alteration. At the Barker Well Prospect, the alteration is >100m in width and is anomalous in base metals (124m @ 0.19% Pb - entire hole).
The target for Rumble is high-grade fault breccia pipe type deposits (2-5Mt of high-grade Zn and Pb), however, based on the recent re-assaying which has shown that base metal is closely associated with wide zones of alteration, in some cases > 100m in width, there is also potential for larger tonnage lower grade disseminated base metal deposits (30-50Mt).
Soil Geochemistry and Future Targeting
Soil sampling conducted during 2017 has been the most effective tool to highlight the base metal mineralised trends and structures. Follow up grab sampling has been limited to only a small percentage of the available Zn/Pb soil anomalies and in most cases, grab sampling has confirmed mineralisation within the soil anomalies with high-grade base metal values.
Granted tenement E45/2032 represents approximately 15% of the total project area (including the Barramine option) and within the tenement there are eleven (11) groups of significant base metal in soil anomalism (see image 5 in link below). Of these groups, only four (4) have been partly tested with the latest reconnaissance RC drilling. In the case of the Devon Cut and Barker Well Prospects, only single holes have been completed (both returned very significant mineralisation including a new Zn discovery).
To put into context the high level of prospectivity for the Braeside Project, the soil anomaly associated with the Devon Cut Zn (with Pb) discovery is approximately two (2) km long (see image 5 in link below). Elsewhere in E45/2032, significantly larger base metal anomalies (multiple zones with strike lengths up to 8km) have yet to be tested.
Note that image 5 (see link below) uses Pb in soil contouring for targeting as Pb is less geochemically mobile in the surface profile than Zn and therefore Pb anomalism is likely closer to the source of the base metal mineralisation.
Next stages for the 2018 systematic exploration field season includes:
- Detailed geochemistry (soil and grab sampling) and geological mapping of the strong base metal mineralisation discovered by the recent RC drilling with the aim to delineate the newly discovered mineralisation and generate further drill targets.
o Focus will be on the Devon Cut and Barker Well Prospects.
- Detailed geochemistry and geological mapping of new targets to generate new drill targets.
o As previously reported (announcement 16th Oct 2017 - Numerous High-Grade Zn - Pb - Cu - Ag - Au - V Targets Identified at Braeside Project from Infill Soil and Rock Chip Sampling), many base metal and Au soil anomalies and targets have been defined within E45/2032 and remain untested.
o The high grade vanadium potential will be also investigated.
- First pass geochemistry (soil, stream sediment and grab sampling) of newly granted tenements within the Braeside Project area.
- It is anticipated there will be 2 rounds of drilling in 2018 with the next round of drilling scheduled for May 2018 (subject to wet season).
To view figures, please visit:
Shane Sikora Managing Director Email: email@example.com Phone: +61-8-6555-3980 Website: www.rumbleresources.com.au
OtherLevels Holdings Limited (ASX:OLV) ("OtherLevels" or the "Company") today releases its results for the half year ended 31 December 2017.
Key Financial highlights for the period:
- 51% increase in revenue to A$2.39m for H1 FY18, from the prior corresponding period in FY17.
- 66% increase and record customer receipts of A$2.7m (excluding R&D) from H1 FY17.
- 78% improvement in EBITDA to a loss of (A$647k) from a loss of (A$2.98m) in H1 FY17.
- 58% improvement in NPAT to (A$1.49m) from a loss of (A$3.5m) in H1 FY17.
- 22% decrease in cash operating and investing costs through continued focus on cost management.
- 77% improvement in net operating cashflow to (A$0.6m) from (A$2.75m) in H1 FY17.
- Q2 FY18 saw the company's first quarter of positive operational cashflow.
Operational Achievements and Highlights
The first half of FY18 saw the company achieve cash receipts of A$2.7m. Results for this half year were partly impacted by the first quarter of the financial year being a historically low billing period given it corresponds to the holiday season in the UK, our largest market.
There was continued increase in sales activity with 8 new customers signed. Highlights include a major European lottery, a UK/Australian wagering company, the leading UK consumer choice brand and a top 3 Spanish wagering operator.
In addition, the average new deal size increased to A$108k in the half year, reflecting a trend of higher value engagements.
As a result, total revenue grew by 51% for the six-month period including a 59% increase in licence revenue and 37% increase in service revenue. The licence/service revenue split for the period was 68%/32%, which is consistent with prior periods.
OtherLevels continues to experience strong growth and demand in the UK and European markets driven by an experienced sales team. The Company's focus on the wagering sector within these key markets continued to attract new customers, as well as maintain our existing customer base. The Company is also focused on taking advantage of increased opportunities through the "In-Play" market. OtherLevels' presence in this market is significant and continues to expand, as evidenced by over 40 customer and prospect meetings following the launch of the Company's In-Play Messaging Offering at the February 2018 ICE industry conference in London.
The UK and European markets now constitute 72% of total revenue, with US and Australia comprising the balance, contributing 10% and 18% respectively. With the ever-increasing digital marketing and customer acquisition plans from major current and potential customers, OtherLevels is strategically very well placed to capture an increasing share of this business.
To further grow through new market acquisition, the Company continues to develop strategic partnerships with leading complimentary marketing platforms to increase distribution channels and reduce cost of sales. Examples are the integration with the artificial intelligence platform Amplero and the OtherLevels AppExchange plug-in for SalesForce Marketing Cloud. Expanding and leveraging these partner opportunities, continues to be a focus for OtherLevels in 2018.
Continued commitment to cost and expense management has seen operating and investing cash outflows decrease year on year. H1 FY18 saw a reduction of $1.1m or 22% from the prior corresponding period.
Investment in the OtherLevels Platform
OtherLevels continued to expand and innovate the OtherLevels platform during the period. There was continued new product adoption from a number of large clients, which is expected to convert into higher value renewals in 2018.
OtherLevels maintained its focus on real-time messaging, which ensures that recipients receive messages at the most engaging moment. Examples include "abandoned cart" messages from ecommerce sites, location based messages triggered by geographic proximity, wagering message offers during a game and alerts for hotel inventory, or flight prices. The OtherLevels platform support for real-time messaging includes OtherLevels Intelligent Messaging, Location Messaging and Event Messaging.
OtherLevels launched further capabilities in this area for the wagering sector, in the form of In-Play Messaging in February. In-Play Messaging is a premium high-value product, priced in excess of A$250,000 per annum per customer.
In summary, the above performance reflects the continued momentum on sales growth and cost management during the 2017 year. The Company remains focused on taking advantage of the continued shift in enterprise marketing spend to digital channels. In the last few months of 2017, the Company signed a number of new clients, and has a strong and growing pipeline of opportunities.
The OtherLevels strategy of delivering a leading enterprise marketing automation platform with deep, high value, long-term relationships with its clients remains unchanged. OtherLevels will continue its "broader and deeper" strategy with existing customers and focus on acquiring new enterprise grade clients in targeted sectors.
The Company's Board and management remain committed to successfully monetising OtherLevels' valuable proprietary messaging platform in global markets through increased sales and maintaining strong operational cash flows in H2 2018, although note that cyclical factors may impact the performance of individual quarters.
To view Half Yearly Report, please visit:
To view Half Year Results Presentation, please visit:
Brendan O Kane Managing Director and CEO E: firstname.lastname@example.org Andrew Ritter Company Secretary E: email@example.com
Emmerson Resources Limited (ASX:ERM) (OTCMKTS:EMMRF) provides the Company's Presentation at RIU Explorers Conference.
Emmerson - a unique gold and copper explorer
- Emmerson has a commanding, 2,400km2 ground position in NSW - based on new prediction models aimed at increasing the rate of discovery
- Early results from the first of these areas at Kadungle looks very promising, with potential for shallow gold and deeper copper-gold
- Other NSW projects undergoing systematic exploration - high grade Cobalt of up to 0.55% found in rock chips
- Tennant Creek Project restructured - sees Emmerson holding gold dominant projects and 2,600km2 of prospective gold tenements plus 100% of the small high grade gold mines
- First gold pour from the Tribute Area within the larger high grade Edna Beryl Gold Mine
- Other small mines undergoing permitting and planning
- ERM remains well funded ~$5.1m in cash plus potential for risk free cash from small mines
To view the full presentation, please visit:
Investor Enquiries: Mr. Rob Bills Managing Director & Chief Executive Officer T: +61-8-9381-7838 E: firstname.lastname@example.org www.emmersonresources.com.au
Blackmores Limited (ASX:BKL) (OTCMKTS:BLMMF) has announced first half revenue of $287 million, up 9%, delivering a net profit after tax to Blackmores shareholders of $34 million, up 20% compared to the previous corresponding period.
- Group net sales of $287 million, up 9% compared to previous corresponding period
- Sales result driven by strong performances from China, BioCeuticals and across Blackmores' other established Asia markets
- Net profit after tax of $34 million, up 20% compared to previous corresponding period
- First half dividend of 150 cents per share fully franked, up 15% compared to previous corresponding period
"We've had two quarters of consistent sales growth and improved our profitability reflecting the delivery of our strategic priorities and greater stability in the business," said Mr Richard Henfrey, Blackmores Chief Executive Officer.
"We're pleased with the first half financial performance and, importantly, with the progress of our growth strategy."
Blackmores Australia & New Zealand
"Revenue in Australia and New Zealand of $121 million was slightly down compared to last year as the broader consumer market remained subdued and China-influenced sales continue to move to our direct China channels. The impact on the Group result was lessened because of the strength of our business diversity, meaning we are less reliant on any single market or brand," said Richard Henfrey.
"The earnings from our business in Australia and New Zealand improved in the half with earnings before interest and taxes (EBIT) of $26 million, up 19% compared to the previous corresponding period. The improved EBIT results from changes to the cost structure of this business and the phasing of expenses."
The success of Blackmores' new product development in the probiotics and children's gummy vitamin categories supported gains in category share in the first half resulting in Blackmores maintaining clear total market leadership.
China sales grew at 27% with online sales events including Singles Day (11/11) and 12/12 delivering record sales.
"E-commerce sales of Blackmores products for the 11 November Singles Day promotion surpassed those achieved last year after only two hours and 10 minutes," said Richard Henfrey.
"Our profit from China grew by 4% for the period after investment in resourcing and operating expenses were made as we expand our in-country presence," he said. "This result was also impacted by an increase to the doubtful debts provision in China of $2.8 million. All appropriate avenues to recover these debts are being progressed."
Blackmores' other businesses in Asia including Malaysia, Singapore, Hong Kong and Korea delivered strong double digit sales growth in the first half. The Korea business has stabilised in the period with strong growth through offline retail and the duty free channel.
"Our new business model in Korea is making a small but sustainable contribution after a challenging few years," said Richard Henfrey. "We launched in Vietnam with five products now registered. In Indonesia, we're encouraged by early consumer feedback and sales, healthcare professional support and distribution and accordingly we have invested further in this market, in line with our business plan."
Blackmores Thailand hosted a Blackmores Institute Symposium attended by more than 200 healthcare professionals.
BioCeuticals Group delivered sales growth of 11%. This was a solid result given that both BioCeuticals and Global Therapeutics have been particularly impacted by disruptions to supply.
BioCeuticals continues to lead in the practitioner category in both product sales and education resources. Their FX Medicine website attracts more than 100,000 unique visitors every month and each FX Medicine podcast is downloaded more than 70,000 times.
"We concluded the half with our new state-of-the-art distribution centre at Bungarribee in Western Sydney fully operational. This was a major change initiative that has required significant investment to underpin our growth ambitions," said Richard Henfrey.
"Continuity of supply has been a challenge in the second quarter as suppliers have struggled to respond to our increased requirements," said Richard Henfrey.
Inventory levels at $89 million represent a $16 million reduction compared to the same time last year.
"Inventory levels have been tightly managed and we're comfortable not only with the levels of stock held by Blackmores, but also by the amount of stock held by Australian retailers," said Richard Henfrey. "We are beginning to see the commencement of margin benefits from cost improvements resulting from the supply tender that we ran last year with more significant savings expected to flow through over the next 18 months."
Blackmores' balance sheet is in a strong position with a 63% improvement in cash generated from operations compared to the same time last year due to improved working capital management. Net debt was $66 million, a $21 million increase since June 2017 due to the purchase of shares related to Blackmores first three-year executive long-term incentive awards which had vested at the maximum potential, along with the funding of the dividend payments in the period. Gearing levels are 27% and Blackmores maintains a conservative level of headroom against all bank covenants.
Blackmores Institute signed a landmark partnership with Tsinghua University in Beijing to develop a health communication curriculum course for natural medicine. "This partnership demonstrates the global reputation of our research and education program and the healthcare professionals who support it," said Richard Henfrey.
"Of our achievements this year, the commitment and performance of our team of employees is the greatest. Our staff have worked tirelessly through new leadership, operational changes and significant market shifts and employee engagement remains strong at 82% which is 14 percentage points above the industry benchmark. It showcases the unique culture that Marcus Blackmore has fostered and that we will protect and enhance as we grow and expand this business," said Richard Henfrey.
The Board has declared an interim dividend of 150 cents per share fully franked, which is an increase of 15% compared to the prior corresponding period. The record date is 8 March 2018 and the dividend is payable on 22 March 2018.
"The first half performance gives Blackmores a strong foundation for the full year. We have delivered an improved sales and profit result whilst investing in growth initiatives," said Richard Henfrey. "We're particularly encouraged by the progress of our businesses in China and Indonesia. Supply issues affecting the Group and the soft Australian retail market will impact us in the second half, though we remain confident we will continue to deliver good profit growth for the full year."
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To view Half Year Report, please visit:
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MEDIA CONTACT: Sally Townsend Head of Communications M: +61-419-225-781 INVESTOR CONTACT Richard Henfrey Chief Executive Officer T: +61-2-9910-5376
Anatara Lifesciences (ASX:ANR) today released its Appendix 4D financial report for the half year ending 31st December 2017.
Highlights from the period include:
- Global animal health company, Zoetis Inc, exercising its option to negotiate a commercial agreement for the worldwide development, distribution and marketing of Detach(R).
- Establishing an experienced veterinary team focused on launching Detach(R) into the anti-diarrhoeal therapeutic pig market.
- Developing a proprietary dosing device for the optimal delivery of Detach(R) by pig farmers
- Presenting at the Australasian Pig Science Association (APSA) Conference - highlighting the comparable efficacy of Detach(R) to in-feed Zinc Oxide
- Increasing focus on human opportunities through the development of proprietary products for the management of diarrhoea associated with gastrointestinal disorders
To view the full report, please visit:
Investor inquiries: Dr Mel Bridges Chairman & CEO, Anatara Lifesciences Phone: +61-413-051-600 Email: email@example.com Media inquiries: Jane Lowe Managing Director, IR Department Phone: +61-411-117-774 Email: firstname.lastname@example.org
Thundelarra (ASX:THX) (OTCMKTS:TLXPF) CEO Tony Lofthouse will deliver a presentation today Thursday 22 February 2018 at the Vertical Events RIU Explorers' Conference being held at the Esplanade Hotel in Fremantle.
The presentation provides updates on the results from the recent successful drilling programme at Garden Gully and on exploration that is underway at Red Bore.
To view the presentation, please visit:
Telephone: +61-8-9389-6927 Email: email@example.com Website: www.thundelarra.com Mr Tony Lofthouse Chief Executive Officer E: firstname.lastname@example.org