MMJ PhytoTech Ltd (ASX:MMJ) Simplified Access to Medicinal Cannabis in NSW

March 1, 2018, 8:30 pm

≫ Next: State Gas Limited (ASX:GAS) Interim Report - 31 December 2017

≪ Previous: Speedcast International Ltd (ASX:SDA) TA Associates Sell Down Shares

MMJ PhytoTech Limited (ASX:MMJ) ("MMJ") welcomes today's announcement by the NSW Government outlining plans to simplify access to medicinal cannabis for doctors and patients in NSW. A copy of that announcement is available at:

http://www.abnnewswire.net/lnk/I15N96IO

The streamlined approval process will see NSW Health partner with the Commonwealth to require a single clinical assessment by the Therapeutic Goods Administration. This key change will eliminate duplication from the current approval process and substantially shorten the time between application and approval for doctors in NSW to prescribe medicinal cannabis to their patients.

This is an important proposed change given that MMJ's largest investment, Harvest One Cannabis Inc. (CVE:HVST), currently supplies Satipharm CBD capsules to approved patients in Australia.

Investor Enquiries:
Jason Conroy
Chief Executive Officer
E: info@mmjphytotech.com.au

Media Enquiries:
Sam Burns
Six Degrees Investor Relations
M: +61-400-164-067

↧

State Gas Limited (ASX:GAS) Interim Report - 31 December 2017

March 4, 2018, 2:18 pm

≫ Next: SEEK Limited (ASX:SEK) Move to 100% Ownership in SEEK Asia

≪ Previous: MMJ PhytoTech Ltd (ASX:MMJ) Simplified Access to Medicinal Cannabis in NSW

Brisbane-based conventional gas developer State Gas Limited (ASX:GAS) is pleased to provide its inaugural Half-Yearly Operations Report for the half-year ended December, 2017.

HIGHLIGHTS

- Initial Public Offering (IPO) Completed, raising $5.25 million (prior to Issue costs), with tradingcommencing on the Australian Securities Exchange (ASX) on 10 October 2017.

- Successful flow-testing and gas sampling and analysis of existing gas wells at Reid's Dome -Cattle Creek conventional gas project (PL 231) undertaken during December 2017.

- Cattle Creek gas samples confirmed by analysis at PetroLab as pipeline-quality gas, with anaverage Methane (C1) content of approximately 96%, average Carbon Dioxide (CO2) content ofapproximately 1.5% and very low levels of interts.

- Reprocessing of historical seismic survey data for the Reid's Dome - Cattle Creek projectcommenced during November.

- Engagement of a drilling and completions co-ordinator during December to source long-leaditems and co-ordinate the 2018 drilling and completion program.

- Lucy Snelling LLB, BA, G.Dip Finance and Investment was appointed as inaugural CEO on 22February. Lucy was formerly Manager Gas Development for AGL Energy Limited and comesfrom a specialist background as a commercial and legal advisor in the oil and gas sector and asthe former Partner and head of oil and gas in a Queensland-headquartered law firm.

To view the full report, please visit:
http://abnnewswire.net/lnk/49Z923DK

Greg Baynton
Executive Director
State Gas Limited
M: +61-414-970-566
E: greg@stategas.com

Tony Bellas
Chairman
State Gas Limited
M: +61-412-244-385
E: tony@stategas.com

↧

SEEK Limited (ASX:SEK) Move to 100% Ownership in SEEK Asia

March 4, 2018, 2:44 pm

≫ Next: DroneShield Ltd (ASX:DRO) First DroneSentinel Order / European Demo Hub

≪ Previous: State Gas Limited (ASX:GAS) Interim Report - 31 December 2017

SEEK Limited (ASX:SEK) (OTCMKTS:SKLTY) ("SEEK") is today announcing that it has entered into a binding agreement to increase its ownership in SEEK Asia from 86.25% to 100% by acquiring the remaining 13.75% of shares from News Corporation.

Transaction overview:

- Investing cA$157m to increase ownership in SEEK Asia from 86.25% to 100%

- Transaction is cash earnings per share accretive in FY18 and beyond

- Transaction price implies a FY17 EV/EBITDA multiple of 16x (see Note below)

Commenting on the transaction, Andrew Bassat, CEO and Co-Founder of SEEK said,

"We are very pleased to move to 100% ownership in SEEK Asia. SEEK's recent changes in organisational structure will lead to SEEK Asia being more integrated in the AP&A structure. Against this backdrop, this transaction is a logical outcome for both News Corporation and SEEK and I would like to thank News Corporation for being a valuable partner."

"We are very excited about the growth potential for SEEK Asia which operates in seven high growth countries across the region. This business has managed a complex integration and we are already seeing good operational and financial results from our recent reinvestment. We hope to see this improvement accelerate over time as we launch new products and services at a faster rate to better meet the needs of candidates and hirers."

Other details

- Completion of transaction is expected by 16 March 2018

- This transaction does not change SEEK's FY18 guidance provided with its H1 18 results

- Transaction to be funded by existing debt facilities in SEEK Ltd

Note: Consideration of A$156.6m / 13.75% = A$1,139m (Equity value) + A$77m net debt (31-Dec-17) = A$1,216m (EV) / FY17 EBITDA of A$76m = 16x EV/EBITDA multiple

Investor/Analyst enquiries
Geoff Roberts / Jeff Tang
SEEK Limited
T: +61-3-8517-4484

↧

DroneShield Ltd (ASX:DRO) First DroneSentinel Order / European Demo Hub

March 4, 2018, 3:10 pm

≫ Next: Thomson Resources Ltd (ASX:TMZ) Successful Round of Drilling Completed at the Bygoo Tin Project

≪ Previous: SEEK Limited (ASX:SEK) Move to 100% Ownership in SEEK Asia

DroneShield Ltd (ASX:DRO) (OTCMKTS:DRSHF) ("DroneShield" or the "Company") is pleased to announce that ForcePro, one of the Company's European distributors, has placed an order for the Company's DroneSentinel product, as well as two DroneGun units.

- The first order for DroneSentinel.

- The first order incorporating the revolutionary RadarZero.

- Establishes a demonstration hub in the Netherlands for DroneShield's products.

The DroneSentinel version ordered by the distributor is in a "light" radar/radio frequency detection sensor configuration. The radar used in this version of the product is RadarZero, the portable and miniaturised radar rolled out by the Company earlier this month. The size and price point position RadarZero well for the civilian markets, while its functionality and specifications also make it appropriate for the military customers.

This is the first order for the DroneSentinel product since its recent roll-out.

This is also the first order for the Company's product incorporating RadarZero, a revolutionary compact radar roughly the size of a paperback book. The order comes within weeks of the Company having launched RadarZero.

The purchase of the DroneGuns is subject to approval by local authorities.

The order totals approximately A$210,000. The products purchased by ForcePro will be used to set up a DroneShield demonstration hub in the Netherlands, the home of the NATO Joint Force Headquarters, where there has been significant interest in counterdrone products across a number of domestic Dutch and international customers.

The order comes against the backdrop of a helicopter crash, reported by the pilot to have been caused by a drone, in South Carolina, USA. This is the first reported helicopter crash caused by a drone, and the first reported drone-related civilian aircraft crash in the United States.

In turn, that crash comes just days after the Transportation Safety Board of Canada released a report on a collision in Quebec involving a drone and a charter plane, and in a separate incident, a drone was reported to have collided with an air-tour helicopter in Hawaii.

Oleg Vornik, DroneShield's Chief Executive Officer, said "We are delighted for a European demonstration hub for our products to have been established in one of the key NATO countries. Governmental end-users, both military and civil, throughout Europe, are currently largely helpless against the threat of intentional or unintentional drone misuse. As the density of the drone "population" has increased dramatically, the frequency and the severity of incidents have gone up. As a result, governmental end-users have now recognised the need to have tools at their disposal to detect and mitigate drones.

The Dutch demonstration hub will enable European end-users to swiftly and efficiently observe the Company's products in action, before making purchase commitments or seeking budgetary allocations from their governing bodies for purchase commitments."

To view figures, please visit:
http://abnnewswire.net/lnk/BBJ04AX9

Oleg Vornik
CEO and Managing Director
Email: oleg.vornik@droneshield.com
Tel: +61-2-9995-7280

↧

Thomson Resources Ltd (ASX:TMZ) Successful Round of Drilling Completed at the Bygoo Tin Project

March 4, 2018, 3:27 pm

≫ Next: Cobalt Blue Holdings Limited (ASX:COB) PFS - Calcine and Leach Testwork Complete - Strong Results

≪ Previous: DroneShield Ltd (ASX:DRO) First DroneSentinel Order / European Demo Hub

Thomson Resources (ASX:TMZ) is pleased to announce that a new drilling program has been completed on its Bygoo tin project near Ardlethan, NSW, as flagged in the recent quarterly report. Drilling took place at the main Bygoo North project, as well as at the Bald Hill tin prospect and the Harry Smith gold prospect.

Twelve holes for 1104m were drilled at Bygoo North to confirm an evolving mineralisation model and extend the mineralisation along strike and at depth. Greisen=type alteration, potentially carrying tin mineralisation, was logged in all holes. 350 samples from individual metres have been submitted for laboratory assay.

Three holes for 170m were drilled at the historic "Maratholi" workings in the southern part of the Bald Hill tin field, 12km south of Ardlethan and on EL 8260, the same EL as the Bygoo prospects north of Ardlethan. Silica-rich greisen alteration was logged in all holes and 77 samples were selected for laboratory analysis.

Five holes for 558m were drilled at the Harry Smith gold prospect near Grong Grong, NSW on EL 8531. Multiple quartz veins were encountered in all holes, hosted by Ordovician shale and sandstone. Gold in the nearby historic workings is associated with quartz veining. 424 drill samples were taken for assay.

All samples have been submitted for laboratory assay with results expected in early April.

Bygoo Tin Project

The Bygoo Tin Project was acquired by Thomson Resources in 2015 and lies on the 100% owned EL 8260. The EL surrounds the major tin deposit at Ardlethan which was mined until 1986, with over 31,500 tonnes of tin being produced (reference Paterson, R.G., 1990, Ardlethan tin deposits in the Australasian Institute of Mining and Metallurgy Monograph no. 14, pages 1357-1364). There are several early-twentieth century shallow tin workings scattered up to 10km north and south of Ardlethan, and few have been tested with modern exploration. Thomson has had immediate success in drilling near two of the historic workings, Bygoo North and South, which lie towards the northern end of the tin-bearing Ardlethan Granite, 11km north of the town of Ardlethan.

At Bygoo North Thomson has intersected multiple high-grade tin intersections in a quartztopaz- cassiterite greisen including 11m at 1.0% Sn (BNRC10), 35m at 2.1% Sn (BNRC11), 11m at 1.4% Sn (BNRC13), 11m at 2.1% Sn (BNRC20) and 29m at 1.0% Sn (BNRC33).

[For further information and the detail of the above see Thomson Resources ASX Releases of 21 November 2016 and 28 June 2017].

To view tables and figures, please visit:
http://abnnewswire.net/lnk/6X6F2LOB

Thomson Resources Ltd
T: +61-2-9906-6225
E: info@thomsonresources.com.au
WWW: www.thomsonresources.com.au

↧

Cobalt Blue Holdings Limited (ASX:COB) PFS - Calcine and Leach Testwork Complete - Strong Results

March 4, 2018, 3:52 pm

≫ Next: Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) Upgrades Indicated Mineral Resource to 6.5Moz

≪ Previous: Thomson Resources Ltd (ASX:TMZ) Successful Round of Drilling Completed at the Bygoo Tin Project

Cobalt Blue Holdings Limited (ASX:COB) announces PFS - calcine and leach testwork has been completed and delivered strong results.

- Over 90 kg of concentrate from Thackaringa has been treated in the furnace, producing 70 kg of calcine.

- A total of 56 leach tests have been completed on the calcine by ALS Metallurgy Tasmania.

- >95% conversion of the pyrite into pyrrhotite reliably achieved.

- 96% typical leach extraction of cobalt with optimum conditions now established.

- Cobalt Blue - mine to battery strategy - focussed upon cobalt sulphate.

- Cobalt sulphate samples produced - commercial meetings to follow.

- Thackaringa Resource Upgrade expected to be released shortly.

Pre-Feasibility Testwork Overview

The Thackaringa project is planning to mine ore from three surface deposits. The host rock (silica and feldspars) contains approximately 20% sulphides (mainly pyrite), with cobalt at 800-1000 ppm. This announcement presents the most recent results for processing of the sulphide concentrate to extract cobalt.

Diamond drill core samples were collected in late 2016. Approximately 820 kg of the ore, representing Railway Hill and Pyrite Hill deposits, was composited in August 2017, and is being used to test the preferred process for the Pre-Feasibility Study (PFS). The grade of the composite used in the testwork is only 607 ppm cobalt, which is lower than the average grade of the resource estimate. The results should therefore be considered as establishing a baseline set of data, with higher grade ore giving better recoveries and lower capital and operating costs compared to the baseline.

The PFS test work program is designed to deliver 'reliable and repeatable' results at a scale 10-50 times larger than the tests used in the Scoping Study (July 12 2017), where the 'proof-of-concept' was determined. The results will be used to conducted engineering studies and cost estimates for the PFS.

The PFS is examining the processing path shown below:

There are four stages to the metallurgical test work (post mining):

A. Concentrate: Preparation of a sulphide concentrate from the ore

B. Calcine: Calcination (thermal treatment) of the concentrate

C. Leaching: Leaching of the calcine

D. Product Recovery: purification of leach liquor, followed by crystallisation of cobalt sulphate

Processing - Concentrate - summary of results

Ore was processed by crushing to p100 @ 1.2 mm and passed through a gravity spiral circuit. The tails were screened, with the fines subjected to froth flotation. The gravity and flotation concentrates were combined into a single concentrate. Approximately 144 kg of concentrate was produced from the 820 kg of ore composite, with a recovery of 92% of the cobalt to concentrate.

Further work examining finer grind sizing was then conducted. Results indicated that varying the particle size down to 425um permitted 94% recovery of cobalt to concentrate.

Processing - Calcine and Leach

A total of 90 kg of gravity-float concentrate has been calcined by ALS Metallurgy in Perth, producing approximately 70 kg of calcine. Process conditions have been varied to determine the optimum parameters for selection as design criteria set-point for the PFS engineering design study. Importantly, the target conversion of >95% of the pyrite into pyrrhotite has been repeatedly achieved, with no loss of cobalt to the sulphur collected from the off-gas. Further, the typical removal of sulphur from the head feed has increased from 35% (27 Dec 2017) to 40% in recent tests. Potential equipment vendors are presently involved with the PFS engineering study. Preliminary marketing studies have now commenced for the elemental sulphur product.

A total of 56 leach tests have been completed on the calcine by ALS Metallurgy Burnie, systematically varying temperature, liquor composition, solids density, residence time, particle size, and oxygen uptake. The optimum conditions have achieved repeatable cobalt extractions of 95-98% with the average being 96%. The average data from 5 runs (~ 1 kg per test) is shown in link below.

Equipment vendor packages for the autoclave are now being prepared as part of the PFS study.

The key outcomes to date are:

- Calcining the gravity concentrate typically removes ~40% of the sulphur from the pyrite.

- Elemental sulphur condensed from the gas phases averaged 97.5% sulphur with 1.5% silica as the main contaminant. Improved engineering design of the off-gas handling is expected to improve the quality of the sulphur in future testwork.

- There are no losses of cobalt to the gas phases it the thermal treatment step.

- Leaching of the calcine typically achieves cobalt recoveries of 96%.

The leach liquors were collected, and have been advanced to the product recovery stages, where cobalt sulphate will be produced. Testwork is ongoing, with the focus being on purifying the solutions to remove iron, copper, zinc, nickel, manganese, and calcium, which would otherwise contaminant the final cobalt sulphate product.

Cobalt Blue's PFS Manager, Dr Andrew Tong said:

"The PFS testwork has successfully achieved high recoveries of cobalt from ore to leach solution (total recovery of 88% cobalt from ore to leach solution). The key process steps have been validated: concentration, calcining, and leaching. The remaining focus of testwork is to produce high purity cobalt sulphate from the leach liquor. The high recoveries augur well for the economic evaluation of the project, which will be completed in the PFS."

PFS - Conceptual Plant Description

Conceptual schematics of the commercial plant circuits are shown in the following graphics. The aim is to treat 5 MTPA of ore and produce 1 MTPA of concentrate. The concentrate is then thermally treated, with removal of ~ 40% of the sulphur as elemental sulphur. The resulting calcine (~0.8 MTPA) is then treated in the leach circuit to extract cobalt. Cobalt Blue is targeting a total recovery of cobalt from ore to product of ~85-90%.

PFS test work - looking forward

Overall COB remains delighted with test work results to date, and is looking forward to completing the program in Q1 2018. Further progress updates on the testwork will be the subject of separate market announcements. COB remains focused on proving up the processing and economics of our unique ore. Our goal is to prove a long life mining operation capable of operating at cobalt cycle troughs.

A schedule is shown in link below for the first 820 kg ore sample. The second 500-600 kg sample will be processed during Q1 2018.

Thackaringa - Mine to Battery Strategy

Our strategy is to produce cobalt sulphate which can be used directly in the manufacture of batteries. High purity cobalt sulphate commands a premium to LME cobalt metal. Cobalt Blue is aiming to develop an integrated mine/refinery model, and generate ~4000 t of contained cobalt per year.

Cobalt Sulphate Samples Produced - Commercial Meetings to Follow

Initial cobalt sulphate product is being produced (see image in link below) from Thackaringa ore. Following this milestone, and using these samples for customer evaluation, COB management will be meeting with key global battery industry participants during March. Investors can expect updates as they arise.

Thackaringa Project Indicative timetable

Results to date continue to justify proceeding further along the pathway towards commercial development of the Thackaringa cobalt project. The overall company timeline is shown in link below.

The Thackaringa district map below shows the proximity to Broken Hill, the supporting rail and road network, as well as the availability of both power and water utilities to support future production.

To view tables and images, please visit:
http://abnnewswire.net/lnk/9FZSE16Y

Joe Kaderavek
Chief Executive Officer
Cobalt Blue Holdings Limited
Ph: +61-2-9966-5629
Website: www.cobaltblueholdings.com
Email: info@cobaltblueholdings.com

↧

Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) Upgrades Indicated Mineral Resource to 6.5Moz

March 4, 2018, 4:16 pm

≫ Next: DroneShield Ltd (ASX:DRO) Statement on French Media Reports

≪ Previous: Cobalt Blue Holdings Limited (ASX:COB) PFS - Calcine and Leach Testwork Complete - Strong Results

Cardinal Resources Limited (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) ("Cardinal" or "the Company") is pleased to advise that it has completed an update to the Mineral Resource estimate for its Namdini Gold Project ("Namdini") in Ghana, West Africa.

As a result of an additional 15,684m of HQ diamond drilling within 35 holes since the last Mineral Resource estimate in September 2017, the infill drilling program has been successful in delivering a substantial conversion of the Inferred category ounces into the Indicated Mineral Resource category which is now at 6.5Moz of Indicated Mineral Resources and 0.5Moz of Inferred Mineral Resources.

HIGHLIGHTS

- 6.5Moz of gold contained in 180Mt at 1.13g/t Au at a cut-off of 0.5g/t Au within the Indicated Mineral Resource category

- 0.5Moz of gold contained in 13Mt at 1.2g/t Au at a cut-off of 0.5g/t Au within the Inferred Mineral Resource category

- Remains open along strike and down dip

- Maiden Ore Reserve estimate and Pre-Feasibility Study due mid-2018

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

"We are extremely pleased that our intensive infill drilling campaign has significantly upgraded our confidence in the Namdini deposit with an overall lift in Indicated Mineral Resources from 4.3Moz to 6.5Moz. Further to this, we are confident that Namdini can continue to grow with more drilling given it remains open both along strike and down dip, with mineralisation intersected down to 650 vertical metres, and still open.

"This upgrade to the Mineral Resource ismore than a 50% increase in the Indicated category from the estimate published in the September 2017 NI 43-101 technical report and supports a long mine life as demonstrated by the results of the recently announced Preliminary Economic Assessment.

"With the majority of the Indicated Mineral Resource continuous from surface to an approximate vertical depth of 400m, we anticipate a conversion of Mineral Resources to Ore Reserves within a simple, single, large-scale open pit, with a very low strip ratio of 1.2 to 1 over the life of mine as the preferred mining method.

"The higher-grade areas of the deposit, close to surface, will be targeted within the Stage 1 pit in the early years of production, as the recent results of our PEA study indicate, this pit will be the area most likely to repay capital investment soonest. The Stage 1 pit will see approximately 400,000oz to 900,000oz produced over three to four years at an average head grade of approximately 1.3 to 1.5 g/t Au based upon the PEA results and the throughput size selected."

MINERAL RESOURCE UPGRADE

This Mineral Resource update incorporates the results from the latest infill drilling program which was completed in Q4 2017 totalling approximately 15,684m in 35 drill holes. The primary aim of the drilling program was to infill the deposit within the conceptual pit to focus on converting the remaining Inferred Mineral Resource to the Indicated category. This drill program also incorporated grade control, pit geotechnical, hydrogeology and tailings infrastructure drilling. With all of these programs completed, we will be able to produce an Ore Reserve estimation as part of the Pre-Feasibility study which is currently scheduled to be completed in mid-2018.

Table 1 (see link below) highlights the Mineral Resource estimation reported at a series of cut-off grades. Currently the 0.5 g/t Au cut-off grade approximates an operational parameter that the Company believes to be applicable. This is in accordance with the guidelines of Reasonable Prospects for Eventual Economic Extraction ("RPEEE") per the Canadian Institute of Mining, Metallurgy and Petroleum "CIM Definition Standards for Mineral Resources and Mineral Reserves" (CIM, 2014) and the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code 2012). Refer to Sections 1, 2 and 3 of the JORC Code 2012 Edition Table 1 (see link below) criteria in Appendix 1. The effective date of this Mineral Resource estimate is 5 March 2018.

All figures in Table 1 (see link below) have been rounded to reflect the relative accuracy of the estimates.

MINERAL RESOURCE ESTIMATE PARAMETERS

The following information summarizes key parameters relating to the Mineral Resource estimation:

- Geological and structural modelling: Logging, interpretation and modelling were undertaken by Cardinal Resources' technical staff and specialist structural consultants Orefind Pty Ltd, (Davis and Cowan, 2016-2018) updated the three-dimensional model of key lithologies, structures and weathering zones.

- Survey Control: A detailed topographic survey was completed using Lidar technology, a remote sensing method used to examine the surface of the Earth. Drill hole collars were surveyed using differential GPS (DGPS), with down hole surveys taken at 30m intervals using electronic multishot and gyroscopic equipment.

- Bulk density data: Bulk densities are routinely measured as part of exploration data acquisition protocols. The bulk density database for the Mineral Resource estimate comprised 8,132 measurements. Statistical analysis was undertaken on the bulk density data and a matrix of bulk densities were applied based on lithology and weathering zone. The large majority of the Namdini deposit is fresh rock. Bulk densities vary from 1.80 tonnes per cubic metre (t/m3) for strongly weathered rock to 2.73 t/m3 (for granite) and 2.82-2.83 t/m3 for metavolcanics, diorite and metasediments.

- Grade Estimation: MPR Geological Consultants Pty Ltd ("MPR") (QP/CP Mr. Nicolas Johnson) estimated recoverable Mineral Resources for Namdini using Multiple Indicator Kriging ("MIK") with block support adjustment, a method that has been demonstrated to provide reliable estimates of recoverable open pit resources in gold deposits of diverse geological styles. The mineralized domain used for the current study was interpreted by MPR and Cardinal geologists on the basis of two metre down-hole composited gold grades and captures zones of continuous mineralization with composite grades of greater than nominally 0.1g/t Au. The domain trends north-northeast over 1.2km and dips approximately 60o to the west with an average horizontal width of approximately 350 m. The Mineral Resource can reasonably be expected to provide appropriately reliable estimates of potential mining outcomes at the assumed selectivity, without application of additional mining dilution or mining recovery factors. Validation of the MIK model was undertaken visually, statistically and comparatively, with an alternate Ordinary Kriged model estimate (OK). All checks were found to be within estimation accuracy.

The Mineral Resource classification also considered the quality of the data collected (geology, survey and assaying data), the density of data, the confidence in the geological models and mineralization model and grade estimation quality.

- Variance Adjustment: MPR's resource estimates include a variance adjustment to give estimates of recoverable resources at various gold cut off grades. The variance adjustments were applied using the direct lognormal method. The variance adjustment factors reflect comparatively large scale, open pit mining consistent with Cardinal's perception of potential mining scenarios. The variance adjustment factors were estimated from the variogram model for gold grades assuming mining selectivity of 5m by 10m by 2.5m (across strike, strike, vertical) with high quality grade control sampling on an 8 by 12 by 1.25m pattern.

Figure 1 in link below, is a perspective view of the mineralization wireframe constructed to encapsulate the data used for the block model generation. The conceptual Starter and Life of Mine pits from the recent Preliminary Economic Assessment ("PEA") results, are displayed.

Figure 2 in link below, shows the distribution of Indicated and Inferred Mineral Resources through a longitudinal slice of the block model.

Figure 3 in link below, shows the grade distribution and continuity through a longitudinal slice of the block model. The higher-grade areas towards the northern part of the resource, close to surface, will be targeted in the early years of production within the starter pit.

Figure 4 in link below, shows the distribution of Indicated and Inferred resources through a typical crosssectional slice of the block model.

Figure 5 in link below, shows the grade distribution and continuity through a cross sectional slice of the block model.

The Mineral Resource is prepared in accordance with both the Canadian Institute of Mining, Metallurgy and Petroleum "CIM Definition Standards for Mineral Resources and Mineral Reserves" (CIM, 2014) and the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code 2012). Refer to Sections 1, 2 and 3 of the JORC Code 2012 Edition Table 1 (see link below) criteria in Appendix 1 (see link below).

A technical report in support of the mineral resource estimate described herein and prepared in accordance with NI 43-101 will be filed on SEDAR www.sedar.com within 45 days from the date hereof.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/MC5J36AK

Archie Koimtsidis
CEO / MD
Cardinal Resources Limited
P: +61-8-6558-0573

Alec Rowlands
IR / Corp Dev
Cardinal Resources Limited
P: +1-647-256-1922

↧

DroneShield Ltd (ASX:DRO) Statement on French Media Reports

March 4, 2018, 6:35 pm

≫ Next: Image Resources NL (ASX:IMA) Issues Contract for Construction of Boonanarring Site Entry Intersection

≪ Previous: Cardinal Resources Ltd (ASX:CDV) (TSE:CDV) Upgrades Indicated Mineral Resource to 6.5Moz

DroneShield Ltd (ASX:DRO) (OTCMKTS:DRSHF) ("DroneShield" or the "Company") has become aware of reports in French media in relation to DroneGun Tactical and the visit of His Excellency President of France Emmanuel Macron to French Army Camp Mourmelon.

French media have reported that on 1 March 2018, President Macron, the Minister of the Armed Forces Florence Parly, and the Chief of Staff of the Army Jean-Pierre Bosser visited Camp Mourmelon and among other things reviewed equipment that's part of the Scorpion program, an equipment modernisation program of the French armed forces. Some of these media reports were accompanied by a photograph of President Macron holding and, together with Minister Parly and General Bosser, inspecting, DroneGun Tactical(TM).

On 13 June 2017, DroneShield advised the market that DroneGun had successfully passed the French DREP standards, an electromagnetic emission standard for human use, which test is part of the French defence procurement processes. On 9 October 2017, DroneShield's investor presentation set out certain specific sales opportunities being pursued by DroneShield, which list included multiple French military and national security agencies. On 31 January 2018, DroneShield announced the release of DroneGun Tactical(TM), and advised the market that the product had been designed following comprehensive international military end-user trials.

DroneShield confirms that the French military has not placed an order for DroneShield's products, and no assurance can be made that such an order will be placed. However, DroneShield is working closely with its French military partners (among dozens of other governmental agency partners globally), and working through the comprehensive French governmental review and procurement process.

DroneShield notes that at approximately $53 billion p.a., France has the fifth largest defence budget globally, and that it has been reported that the French National Assembly will be considering an increased military budget, with a particular focus on equipment modernization, in late March this year.

Oleg Vornik
CEO and Managing Director
Email: oleg.vornik@droneshield.com
Tel: +61-2-9995-7280

↧

Image Resources NL (ASX:IMA) Issues Contract for Construction of Boonanarring Site Entry Intersection

March 4, 2018, 6:56 pm

≫ Next: New Book Encourages Us to Stop Craving Happiness

≪ Previous: DroneShield Ltd (ASX:DRO) Statement on French Media Reports

Image Resources NL (ASX:IMA) (OTCMKTS:IMREF) ("Image" or "the Company") is pleased to advise the Company is finalising the issue of a contract to BMD Constructions for the construction of the site entry road intersection for its 100%-owned, high-grade, zircon-rich Boonanarring Mineral Sands Project located in the infrastructure-rich North Perth Basin, located 80km north of Perth, Western Australia.

The issue of this contract will be the first project construction related contract for Boonanarring, signalling the impending start of site activities, in line with the Company's continuing focus to fast-track the development of the Boonanarring project.

This contract authorises BMD Constructions to immediately finalise its planning, and schedule mobilisation to Boonanarring to initiate construction of a new site entry intersection between Wannamal Road West and the planned site entry road. This move reflects the confidence of the Board of Directors in the Company's efforts to finalise the overall project capital funding for the development of Boonanarring.

The decision to issue this contract comes on the heels of an announcement on 27 February 2018 by Iluka Resources Limited (Iluka), that Iluka will increase its Zircon Reference Price by nearly 15% to US$1,410 per tonne effective 1 April 2018. This price increase further enhances the overall economics of the Boonanarring project in that:

1. Iluka's price for premium grade zircon in China will be used to determine the market price for Image's HMC product;

2. This new zircon price is 8% higher than the zircon price forecast in Image's BFS for pricing its HMC product to be produced and sold in 2018; and

3. Zircon represents more than 70% of total revenue from the Boonanarring Project.

Patrick Mutz
Managing Director
T: +61-8-9485-2410
E: info@imageres.com.au
www.imageres.com.au

↧

New Book Encourages Us to Stop Craving Happiness

March 4, 2018, 7:35 pm

≫ Next: Mustang Resources Ltd (ASX:MUS) Implementation of New Ruby Sales and Marketing Strategy

≪ Previous: Image Resources NL (ASX:IMA) Issues Contract for Construction of Boonanarring Site Entry Intersection

Once in a while a book comes along that rocks our view of happiness. A new mental health, happiness book written by Iggy Tan titled "Stop Craving Happiness" was launched in Perth. This book explains how a simple, powerful mind training technique can lead us to 10/10 happiness.

The pursuit of happiness is a universal objective for every human being. We all want to be truly happy but the irony is that we constantly push happiness out of our reach. We delay our own happiness to the future by waiting for people, things and events to meet our expectations. Yet our expectations are rarely ever met, which is part of the reason why true happiness is so elusive. If we continue waiting, we will never reach the place of pure peace, contentment, joy and bliss.

Happiness is an internal state of mind and therefore has nothing to do with our external environment. The more you 'pursue' happiness, the less you will likely find it. The key to happiness has always been in us; in our mind. In order for us to be 10/10 happy we need to tame the turbulence in our mind caused by the relentless mental chatter and suffering. Ancient philosophy states that the existence of personal cravings and aversions in our minds creates mental turbulence. Consequently, by reducing the cravings and aversions we suffer less mentally and our overall happiness improves. While most of us would agree with the fundamentals of this concept, the challenge is how to achieve this in our modern, hectic and material world. The author of this book has developed Happiness Sweeping(R), a mind training technique that has helped many of its participants dramatically improve their personal happiness and overall sense of well-being.

The book's simple but effective guided routine will help lots of people to succeed according to Australian television legend Tony Barber. "Where was this book when I was sailing the storm tossed seas of showbiz, with all its stress, competitiveness and pressure...I reckon I would have won even more Logies and made even more gold albums." Australian super coach Dr Ric Charlesworth believes the most important thing that athletes must do to perform well in the cauldron of competition is to focus on the task and let the outcome look after itself. "Clearly Iggy understands this need to 'live in the moment' and not obsess about (or fear) the outcome. This allows us to 'be' and 'do' rather than worry and fret", he said.

The book demonstrates real life examples of people who continue to experience extremely challenging life situations and yet maintain outstanding happiness levels. "Stop Craving Happiness" should be on your "must read" list for the year.

To purchase a copy of the book now, please click:
http://www.abnnewswire.net/lnk/EP2CCGE3

Iggy Tan
Mobile: +61-419-046-397
Email: iggy.tan@bigpond.net.au

↧

Mustang Resources Ltd (ASX:MUS) Implementation of New Ruby Sales and Marketing Strategy

March 5, 2018, 2:23 pm

≫ Next: Fluence Corporation Ltd (ASX:FLC) Announces US$8 Million in New Contract Wins Since 1 January 2018

≪ Previous: New Book Encourages Us to Stop Craving Happiness

Mustang Resources (ASX:MUS) (OTCMKTS:GGPLF) is pleased to announce that following a recently-completed review of its sales and marketing strategy, the Company has decided to implement a series of measures which better reflect the current exploration and development status of its Montepuez Ruby Project in Mozambique.

The review was initiated and overseen by Mustang's new Managing Director, Dr Bernard Olivier, who has more than 18 years' experience in the exploration, mining and marketing of coloured gemstones.

In light of the review's findings, Mustang has decided to close its sales facilities in Mauritius.

These facilities were designed to enable Mustang to undertake large-scale auctions. However, given Mustang's current production levels, they are no longer considered suitable.

Mustang has now established a sales and marketing office in Chanthaburi, Thailand. This facility is markedly smaller and lower-cost than that in Mauritius and more in line with the Company's emphasis on project and ruby market development and ongoing market research (see Figures 3,4 and 4 in link below).

As part of this revised approach, Mustang's ruby inventory of 333,184 carats that was stored in both Mauritius and in Mozambique has now been relocated to the Chanthaburi office where it will be re-parcelled and prepared for sale as part of an ongoing sales and market development process.

Thailand is considered the world-leader in trading and beneficiation of coloured gemstones, especially rubies and sapphires. Since the 15th century, Chanthaburi and Bangkok have been the main trading and beneficiation centres for the coloured gemstone industry in Thailand.

Mustang's revised marketing strategy will be based on regular sales of rubies of all product categories to local and international customers.

This process will generate valuable market intelligence for Mustang, enabling it to identify the demand for the various categories of stones. It will also enable Mustang to establish strong relationships with major ruby customers and meet their individual requirements as they arise and as they change over time.

The Chanthaburi office will also oversee selected heating and cutting of the Company's ethically-mined rubies as part of its market development and product research campaign.

This measured approach to marketing is intended to generate regular cash flow for Mustang as it continues to pursue exploration and bulk sampling activities.

Mustang Managing Director Dr. Bernard Olivier said: "Our sales and marketing review has been very productive and creates a clear pathway to unlocking the full value of our outstanding Montepuez Ruby Project.

"We will achieve this end objective in a staged and measured fashion, growing our business by developing strong and close customer relationships and aiming to meet their respective requirements.

"This approach will allow us to place an accurate value on our existing inventory and enable us to assess the project's longer-term economic outlook.

"In the near-term, we aim to align our sales volumes with our limited production from what is essentially still an exploration and development project.

"As part of this exploration phase, we intend to establish a maiden JORC Resource which, in conjunction with the market intelligence we gather from the sales activity, will form an important basis for determining the project's economic viability."

To view figures, please visit:
http://abnnewswire.net/lnk/H314WDKQ

Media & Investor Relations:
Paul Armstrong
E: paul@readcorporate.com.au
T: +61-8-9388-1474

↧

Fluence Corporation Ltd (ASX:FLC) Announces US$8 Million in New Contract Wins Since 1 January 2018

March 5, 2018, 2:38 pm

≫ Next: Rumble Resources Ltd (ASX:RTR) Enters Option Agreement to Acquire the Historic Nemesis High Grade Gold Project

≪ Previous: Mustang Resources Ltd (ASX:MUS) Implementation of New Ruby Sales and Marketing Strategy

Fluence Corporation Limited (ASX:FLC) (OTCMKTS:EMFGF) is pleased to announce that it has delivered US$8 million in new contract wins calendar year-to-date including the three NIROBOX(TM) orders announced on 1 March 2018. The new contracts were across the Company's growing global footprint, and further strengthened Fluence's market position in designated industries and geographies.

- Repeat orders received from customers in Italy and the USA

- Expansion of existing system for customer in Argentina

- Order received from Brazil's largest national pharmaceutical group

Commenting on Fluence's start to 2018, Managing Director & CEO Henry Charrabé said: "We are encouraged by the start of 2018, with US$8 million in new contracts written over the past eight weeks. The diversity of project sizes, scopes, industries and geographies speak to Fluence's role as a solutions provider for the complete water cycle across the globe. The mix of new and repeat customers reflects the quality of our products and services, and our focus in being a true partner to our customers."

The following new contracts outlined in this release, in addition to the new NIROBOX(TM) contracts (announced on 1 March 2018), are the major contracts within the US$8 million in new contracts secured by Fluence so far this year.

An important repeat customer in the agro-industry has once again entrusted Fluence Italy with the task of designing and implementing an upgrade and expansion of their aerobic treatment line. This is the twelfth project that Fluence Italy has won from this client since 2006, reflecting the reduction of costs achieved with Fluence's technologies and expansion of capacities for the client. Discussions are already on going with this client as they plan their next project with Fluence, to be implemented in 2019.

Fluence Argentina will design and deliver to Aguas Bonaerenses, S.A., among the largest municipal utilities in Buenos Aires, a reverse osmosis (RO) system as an expansion of 3,000 m3/day to their existing installation, with added filtration and treatment systems to aid in arsenic removal (a prevalent health issue in the area).

Fluence Brazil will design and deliver a turn-key wastewater treatment plant for industrial process reuse to Brazil's largest national pharmaceutical group. This group selected Fluence to provide this solution, utilising RO, ultra-filtration and MBBR, among other technologies, to supply 7.5 m3/hour of process water to their operation in Sao Paulo due to its recognised mastery of the technologies and practices relating to this application.

Another repeat customer, a renowned food and beverage industry client, has entrusted Fluence USA's equipment to upgrade their aeration process for an additional two lagoons, following last year's order which introduced them to Fluence's best-in-class Tornado Surface Aspirating Aerator/Mixer. The highly reliable nature of the equipment and service provided by Fluence enables this client to comply with local regulations in an efficient and cost-effective manner.

Corporate: 
Henry Charrabé (USA)
Managing Director & CEO
E: hcharrabe@fluencecorp.com
P: +1-212-572-3766 

Richard Irving (USA)
Executive Chairman
E: rirving@fluencecorp.com
P: +1-408-382-9790 

Ross Kennedy (Australia)
Company Secretary & Advisor to the Board
E: rkennedy@fluencecorp.com
P: +61-409-524-442

Investors (Australia):
Ronn Bechler
Market Eye
E: ronn.bechler@marketeye.com.au
P: +61-400-009-774

Media (Australia):
Tristan Everett
Market Eye, Market Eye
E: tristan.everett@marketeye.com.au
P: +61-403-789-096 

Investors & media (USA):
Gary Dvorchak, CFA
The Blueshirt Group
E: gary@blueshirtgroup.com
P: +1-323-240-5796 (US) or +86-138-1079-1480 (China)

↧

Rumble Resources Ltd (ASX:RTR) Enters Option Agreement to Acquire the Historic Nemesis High Grade Gold Project

March 5, 2018, 3:15 pm

≫ Next: FINANCE VIDEO: Lake Resources Ltd (ASX:LKE) Interview with Steve Promnitz on Argentinian Lithium Projects

≪ Previous: Fluence Corporation Ltd (ASX:FLC) Announces US$8 Million in New Contract Wins Since 1 January 2018

Rumble Resources Ltd (ASX:RTR) ("Rumble" or "the Company") is pleased to announce that it has signed a binding option agreement to acquire the Nemesis high grade gold project (M20/33), which is located 40km's north of Cue in the Murchison Goldfields of Western Australia. The tenement area is 141.6 ha.

Highlights

Nemesis High Grade Gold Mine - M20/33

Historic production:

- From 1900-1910, the Nemesis gold mine produced:

o 7157oz of gold from 2276 ton of ore - 98 g/t Au grade

Nemesis Potential

- The Nemesis Shear Zone that hosts the Nemesis Au mine is prospective for:

o Mineralised strike and depth extensions with potential to host high-grade shoots similar to the Nemesis ore body.

-- No drilling has tested the depth extension of the Nemesis deposit below 40m.

-- Previous drilling focused on delineating shallow oxide mineralisation with all historic RC drilling tested only to a vertical depth of 35m.

o Near surface laterite/saprolite mineralisation.

-- The Nemesis Shear Zone extends under a laterite plateau to the east and has not been drill tested.

- The northern portion of the tenement M20/33 has a series of high order gold in soil anomalies that lie some 1100m east along strike from the Bottle Dump Au Mine.

o Shallow RAB drilling (maximum depth of 30m) only partly tested the gold in soil anomalism.

- During the option period Rumble will target drilling for high grade gold lodes at the Nemesis mine area scheduled for April 2018

Rumble has been implementing a clear strategy to proactively identify and review mining opportunities that complement the Company's flagship Braeside high grade Zinc-Lead project, and that must pass a critical review by Rumble's technical director Brett Keillor.

Rumble has recently added the Earaheedy High Grade Zinc project, Munarra Gully high grade Copper Gold Project and now the Nemesis high grade gold project to its portfolio.

All 4 projects will be drilled tested in 2018 along with the Company's Fraser Range projects (being drilled by the Company's JV partner IGO), providing shareholders with multiple near-term catalysts for the Company to have a significant re-rating, with each drill program a chance to make high grade discoveries.

Geology and Mineralisation (see image 1 in link below)

The Nemesis Project covers a wide sequence (> 1 km) of east-west trending intercalated mafic volcanics and banded iron formations (BIF). Most of the project lies over a prominent lateritic plateau which rises some 35m above the general topography. In the southern portion of the project, an east-west trending mineralised shear zone forms the contact between the north sequence of mafic volcanics/BIF's and granites to the south. The shear zone occurs close to the scarp of the lateritic plateau.

The Nemesis Shear Zone

The mineralisation style associated with the Nemesis Shear Zone (NSZ) is high-grade gold with quartz veining in high sulphidation (pyrrhotite/pyrite) zones in contact with BIF/mafic volcanics and granites. The NSZ is steeply dipping to the north. Sub-vertical shoots (i.e. the Nemesis mine) have generally short strike lengths with significant dip length extensions.

The historic workings at the Nemesis Au mine have been worked to a maximum depth of 70m with three steep plunging high-grade gold (average grade of 121 g/t Au) shoots (85deg to the east) over a strike length of 60m. The shoots are stacked and the plunge of the stacking is moderate to the east. RC drilling along strike to the east was very shallow (maximum vertical depth of 35m) and did not test the plunging mineralisation.

The historic production of the Nemesis gold mine was in two stages.

- Mining started in 1900 and 5,538.86 oz of gold was produced from 2,075 tons for 83 g/t Au.

- In 1909, another 1618.14 oz of gold was produced from 201 tons for 250 g/t Au.

- The total production is 7157 oz of gold from 2,276 tons for an average weighted grade of 98 g/t.

The Nemesis Shear Zone strikes approximately over 1.2 km within the project area and the Nemesis mine area has only been partly tested by shallow RC drilling over a strike of 160m. Refer JORC table (see link below) for Open File reference for all historical data reported.

Gold in soil anomalism (lag sampling) with >50 ppb Au response extends along the NSZ. Over 500m of strike remains untested by drilling including where the NSZ extends under the laterite plateau. There is potential for laterite/saprolite gold mineralisation to the east of the Nemesis Au mine.

No drilling has tested the depth extent of the main Nemesis lodes.

Bottle Dump Shear Zone (see image 1 in link below)

The northern portion of the Nemesis Project lies on top of the laterite plateau. Lag sampling completed in 1992 highlighted strong gold in soil anomalism (peak value - 865 ppb Au) which is interpreted to be associated with the eastern extension of the Bottle Dump Shear Zone (informal). The Bottle Dump Au mine lies some 1100m to the west of the western boundary of the Nemesis Project. The deposit (initial resource of 142,000t @ 4.23 g/t Au) was mined in the late 1990's. The Bottle Dump Au mineralisation is associated with sulphidation of BIF and plunges steeply to the east.

RAB drilling within the Nemesis Project completed over parts of the gold in soil anomalism is considered to be too shallow to effectively delineate potential steep plunging high grade shoots. Most holes were to a depth of 20m with some to 30m depth. Approximately half of the >50 ppb Au in soil anomalism was partially tested.

Exploration Model and Next Steps

Inspection by Rumble of the Nemesis Au mine and the nearby Bottle Dump Au mine has determined the high-grade gold mineralisation is associated with steep east plunging shoots within steep north dipping shear zones. Previous exploration focused on shallow strike extensive gold mineralisation along the shears rather than high grade dip length extensive shoots.

During the option period Rumble will target high grade gold lodes mineralisation at the Nemesis mine area.

Exploration Steps

- Map and determine the plunge extent of the known mineralisation to generate drill targets.
- RC drilling

Rumble is fast tracking the exploration with drilling of identified targets scheduled April 2018.

Key Commercial Terms of the Option Agreement

Rumble has signed a binding 12-month option agreement with Stonevale Enterprises Pty Ltd ("Vendor") to acquire an 80% interest in the Nemesis project based on the below terms:

a. RTR to expend a minimum $60,000 before it can withdraw from the option agreement.

b. RTR to pay 1-year of rent and rates for the initial option period.

c. Rumble can extend the option for a further 6 months for $25,000 in cash payment to Vendor.

d. Rumble can exercise the option to acquire 80% of the project by paying A$250,000 in cash or RTR shares at any time during the 12-month option period.

e. Vendor is free carried to BFS.

f. Following the completion of a BFS and decision to mine, Vendor can either elect to contribute to ongoing project development or dilute to a 1% NSR.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/567UFW49

Shane Sikora
Managing Director
Email: enquiries@rumbleresources.com.au
Phone: +61-8-6555-3980
Website: www.rumbleresources.com.au

↧

FINANCE VIDEO: Lake Resources Ltd (ASX:LKE) Interview with Steve Promnitz on Argentinian Lithium Projects

March 5, 2018, 5:07 pm

≫ Next: Lake Resources NL (ASX:LKE) Inks Landmark Deal in Argentina - Interview with Managing Director

≪ Previous: Rumble Resources Ltd (ASX:RTR) Enters Option Agreement to Acquire the Historic Nemesis High Grade Gold Project

Lake Resources Ltd (LKE.AX) Managing Director Steve Promnitz is interviewed by Tim Mckinnon of ABN Newswire regarding the recent agreement with the Jujuy Province and the company's lithium projects in Argentina.

The agreement with Jujuy confirms tenure of Lake's ~45,000 hectares of mining leases which covers Lake's Olaroz - Cauchari Lithium Brine Project and Paso Lithium Brine Project in Argentina.

- Leases adjoin lithium brine production and development projects in Jujuy, Argentina.

- The Olaroz-Cauchari Lithium Brine Project and Paso Project are 100% owned by Lake.

- Agreement signed with Lake's subsidiaries confirms tenure and the granting of Lake's leases in the world's prime lithium brine location.

- Activity has been stalled for two years pending approvals - now effectively resolved with this agreement.

- Leases were pegged prior to the recent rush for projects in the lithium sector in the same basin as Orocobre and SQM/Lithium Americas.

Drilling is commencing at Cauchari with results expected in the short term.

To view the video, please visit:
http://www.abnnewswire.net/press/en/92252/lke

Steve Promnitz
Managing Director
Lake Resources N.L.
T: +61-2-9188-7864
E: steve@lakeresources.com.au

↧

Lake Resources NL (ASX:LKE) Inks Landmark Deal in Argentina - Interview with Managing Director

March 5, 2018, 5:30 pm

≫ Next: GoConnect Limited (ASX:GCN) Half-year Report to 31 December 2017

≪ Previous: FINANCE VIDEO: Lake Resources Ltd (ASX:LKE) Interview with Steve Promnitz on Argentinian Lithium Projects

Argentina focused lithium exploration company Lake Resources N.L. (ASX:LKE) ("Lake" or "LKE") is pleased to provide shareholders with a video interview with Finance News Network (FNN) regarding the company's landmark deal in Argentina in Jujuy province as discussed by Lake's Managing Director, Steve Promnitz.

To view the full interview, please copy the link below into the internet browser:
http://www.abnnewswire.net/lnk/IU2E2WU4

The interview is also available on the Presentations and Videos section of the Investors section on the Lake Resources website:
http://www.abnnewswire.net/lnk/S166CT46

Other videos taken on-site at Olaroz and Cauchari are available in the same Presentations and Videos section of the website.

An audio file of the LKE Investor Call held on 2 March 2018 is also available in the same section and follows the presentation slides released on the same day together with Q&A.

Steve Promnitz
Managing Director
Lake Resources N.L.
T: +61-2-9188-7864
E: steve@lakeresources.com.au

↧

GoConnect Limited (ASX:GCN) Half-year Report to 31 December 2017

March 6, 2018, 1:39 pm

≫ Next: Mustang Resources Ltd (ASX:MUS) Appoints Experienced Resources Executive to the Board

≪ Previous: Lake Resources NL (ASX:LKE) Inks Landmark Deal in Argentina - Interview with Managing Director

The Directors of GoConnect Limited (ASX:GCN) are pleased to present the financial report for half-year ended 31 December 2017 and Appendix 4D report.

The consolidated profit after income tax attributable to members of GoConnect Ltd ("GCN") is $1,414,814 for the half year under review, compared to a loss of $48,821 in the previous corresponding half year, representing a substantial improvement of 2,998.01 per cent. Revenue for the half year was $1,577,559 compared to $177,000 for the corresponding half year in 2016, representing an improvement of 791.28 per cent. The current financial year will see GCN delivering the third consecutive year of profits.

Since the end of the half year under review and up to the date of this report, Net External Liabilities (defined as liabilities excluding those which settlement agreements were already executed with external creditors plus debt owed to associate Sino Investment Services Pty Ltd, and outstanding director fees) have been further reduced by $145,543 to $339,226. It is the objective of GCN to have Net External Liabilities completely extinguished during the current financial year.

Establishing a comprehensive VR/AR ecosystem

The founders of Go Green Holdings ("GGH") of which GCN holds a 41 per cent interest, have identified the most valuable business of Virtual Reality / Augmented Reality ("VR/AR") being social networking. A successful social network requires two critical components: compelling contents to generate user stickiness, and viral communications between users to build the critical mass user base.

To underpin its business plan, GGH is implementing a two-pronged strategy, online and offline.

Online, compelling contents will be delivered by GGH's branded multi-channel VRTV network. Viral communications will be enabled by GGH's proprietary AR hologram chat application GoARChat. GGH is launching a multi-channel VRTV network initially with contents it has curated in sports, Hollywood entertainment, health and wellbeing, business communications (ABNGoVR), and celebrity branded products VRTV shopping (Dream Factory VR). Contents will be provided to users as a pay per view and/or monthly subscription service.

Additional revenue will be generated from VR advertising enabled by the proprietary VR advertising technology co-owned by GGH and AdCrack Media "GoVRMedia". Product placement revenue will also be generated by digitally inserting product images into contents.

GoConnect Limited
Tel 61 3 8833 7242
Fax 61 3 9415 8373

↧

Mustang Resources Ltd (ASX:MUS) Appoints Experienced Resources Executive to the Board

March 6, 2018, 2:21 pm

≫ Next: iSignthis Ltd (ASX:ISX) First European Based Merchant Transacting

≪ Previous: GoConnect Limited (ASX:GCN) Half-year Report to 31 December 2017

Mustang Resources (ASX:MUS) (OTCMKTS:GGPLF) is pleased to announce the appointment of experienced resources executive Dr. Evan Kirby as a Non-Executive Director.

Mustang Chairman Ian Daymond said Dr Kirby, who is a metallurgist with more than 40 years' experience, brings a wealth of corporate and technical expertise to Mustang.

In particular, over the last couple of years his primary focus has been the development of an African based graphite project. This extensive knowledge and experience working in the graphite sector as well as his previous technical experience with gemstones will be invaluable to Mustang.

"Evan's graphite skills and knowledge together with extensive processing, plant design and commissioning experience will be very valuable for Mustang," Mr Daymond said.

Dr Kirby worked for 16 years in South Africa with Impala Platinum, Rand Mines and then Rustenburg Platinum Mines. In 1992, he moved to Australia and was employed by Minproc Engineers and then Bechtel Corporation, where he had management and technical responsibilities.

In 2002, Evan established his own Australian based consulting business, Metallurgical Management Services. He has held leading roles in numerous metals and minerals projects, including many world-class developments, and has been a director of several ASX and AIM-listed mining companies. His hands-on experience includes diamonds, coloured gemstones, graphite, gold and platinum group metals, mineral sands and base metals. Evan is based in Perth, Western Australia.

Media & Investor Relations:
Paul Armstrong
E: paul@readcorporate.com.au
T: +61-8-9388-1474

↧

iSignthis Ltd (ASX:ISX) First European Based Merchant Transacting

March 6, 2018, 3:00 pm

≫ Next: Rumble Resources Ltd (ASX:RTR) Investor Presentation - Drilling for High Grade Discoveries

≪ Previous: Mustang Resources Ltd (ASX:MUS) Appoints Experienced Resources Executive to the Board

Australian Securities Exchange and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX:ISX) (FRA:TA8), the world leading RegTech for identity verification and payment services, is pleased to provide an update on its European operations.

Highlights

- 1 of the 4 EU settlement merchants announced on 26th Feb is now live and transacting

- Revenue contribution commences immediately (March qtr)

- GPTV settlement value from this merchant is anticipated to be in excess of EUR50m (annualised)

- Panda platform integrated to Paydentity(TM) & ISXPay.

One (1) of the Four (4) merchants announced last week on the 26th February as having been contracted, is now live and transacting, and will be contributing to revenue as of today.

This merchant is now accepting payments via ISXPay(R) from Visa, Mastercard, and Sofort, with Trustly and JCB services to follow within coming weeks.

Paydentity(TM) has been rolled out as the merchant's customer due diligence platform, which has been integrated via a multi-tenancy solution to the Panda (pandats.com) platform, allowing for rapid future integration of merchants.

Gross Processed Turnover Value (GPTV) is anticipated to be in excess of EUR50m annualised for this merchant, based upon trading histories provided by the merchant.

The Company will update the market with more accurate forecasts of Merchant Services Fee percentage (MSF%) and annualised GPTV settlement value in the regular 4C quarterly reports, which will be based on merchants actual trading results.

The Company will provide a more accurate estimate of the integration timetable of the remaining three merchants mentioned in last weeks announcement, once schedules have been agreed with each of the parties.

As announced previously, iSignthis is engaged with a number of merchants across a range of industry verticals in the EU, Australia and other regions and expects a steady but controlled addition of new customers throughout the year.

Media: contact@isignthis.com

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

↧

Rumble Resources Ltd (ASX:RTR) Investor Presentation - Drilling for High Grade Discoveries

March 6, 2018, 3:05 pm

≫ Next: Argent Minerals Limited (ASX:ARD) Interim Financial Report - Half Year Ended 31 December 2017

≪ Previous: iSignthis Ltd (ASX:ISX) First European Based Merchant Transacting

Rumble Resources Ltd (ASX:RTR) provides the Company's latest Investor Presentation at North America Roadshow.

Multiple Catalysts for High Grade Discoveries 2018

Braeside High Grade Zn-Pb-Cu-Ag -V Project - New High Grade Zinc Discovery

- 34km strike of base metal mineralisation associated with two main structures from a porphyry source with high grade grab sampling assays returning up to 29.31% Zn, 79% Pb, 17.48% Cu, 325 g/t Ag, 13 g/t Au and V205 3.29%

- Rumble completed first systematic modern exploration on the project which culminated in the first ever RC drilling on the project in late 2017 which identified a new high grade zinc discovery at Devon Cut 5m @ 8.0% Zn, 0.35% Pb from 32m

- 2 x Drill Programs planned in 2018 to commence in May

- Rumble is targeting high-grade fault breccia pipe type deposits (2-5Mt of high-grade Zn and Pb) and lower grade disseminated base metal deposits (30-50Mt).

Barramine High Grade Cu-Pb-Zn-Ag Project

- High grade prospects of up to 25.32% Cu, 279 g/t Ag, 6% Pb and 1.8% Zn not tested by modern exploration

- Rumble to conduct maiden exploration in 2018

Munarra Gully High Grade Cu-Au Project

- Historic exceptional intersection from surface of 40m @ 0.66% Cu, 4.85 g/t Au to EOH, with an intersection 8m @ 1.32% Cu, 22.75 g/t Au from 24m - open at depth

- Rumble maiden drill program planned for April 2018

Fraser Range Ni -Cu Projects

- JV with major Independence Group NL (ASX:IGO) who has completed 12000m of drilling results pending.

Earaheedy High Grade Zn Project

- Historical drilling discovered high-grade zinc up to 18.6% within an intersection 3.3m @ 11.2% Zn, and 0.93% Pb from 150m.

- Rumble completing targeting for maiden drill program in 2018

- The target size is similar to the Pillara (Blendevale) Zn - Pb deposit located in the Devonian limestones of the Lennard Shelf, which produced 10.3 Mt @ 6.9% Zn and 2.3% Pb

Nemesis - High Grade Au Project

- Historic small scale gold mine produced from 1900-1910 7157oz of gold from 2276 ton of ore - 98 g/t Au

- Rumble maiden drill program planned for April 2018

To view the full presentation, please visit:
http://abnnewswire.net/lnk/D140C5O1

Shane Sikora
Managing Director
E: info@rumbleresources.com.au

Brett Keillor
Technical Director
E: info@rumbleresources.com.au
Website: www.rumbleresources.com.au

↧

Argent Minerals Limited (ASX:ARD) Interim Financial Report - Half Year Ended 31 December 2017

March 6, 2018, 3:29 pm

≫ Next: Lithium Power International Ltd (ASX:LPI) Maricunga Project Engineering Video

≪ Previous: Rumble Resources Ltd (ASX:RTR) Investor Presentation - Drilling for High Grade Discoveries

Argent Minerals Limited (ASX:ARD) ('Argent' or 'the Company') has concluded the first half of the 2018 financial year with significant advancement of the Kempfield, West Wyalong and Loch Lilly projects.

Strategic acquisitions were also completed in the world-class Mount Read Volcanics Belt of western Tasmania.

Highlights of this period include:

EXPLORATION

KEMPFIELD

- JORC-Compliant Exploration Target estimate for infill drilling programme

o Unprecedented deposit scale to multiples of current dimensions

o 3D Kempfield geology and exploration model

- Excellent metallurgical test results

o Kempfield economic feasibility progression

MOUNT READ VOLCANICS BELT

- Acquisitions in world-class mine belt

o Ringville - next to Renison Bell Tin Mine and Rosebery Polymetallic Mine

o Queensberry - near Mount Lyell copper mine

- Pre-JORC mineralisation estimates for tin, lead and zinc in both tenements

- Rapid kick start and strategic complement to Argent's asset portfolio

WEST WYALONG

- Maiden drilling yields evidence of near position to copper-gold porphyry

- Big Cadia and Ok Tedi analogy indicated

- Argent stake in project advances to 77.57%

LOCH LILLY

- Drilling results for first two diamond holes

- Potential outer halo of a mineralised porphyry copper system intersected

CORPORATE

- 75% cash rebate received for Loch Lilly direct drilling costs

- $693,748 funds received - research and development claim

- Heavily oversubscribed private placement raises $1.2 million

- Cash position $2.5 million

To view the full report, please visit:
http://abnnewswire.net/lnk/N8V6Y1ND

David Busch
Chief Executive Officer
Argent Minerals Limited
M: +61-415-613-800
E: david.busch@argentminerals.com.au

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