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Asia Business News

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    Lithium Power International Limited (ASX:LPI) (OTCMKTS:LTHHF) ("LPI" or "the Company") is pleased to release an animated video detailing the Maricunga project engineering and design, produced by WorleyParsons.

    This video is associated with the overall project data relating to the Preliminary Assessment and Economic Evaluation of LPI's Maricunga Lithium Brine joint venture project in Chile.

    To view the video, please visit:
    http://www.abnnewswire.net/press/en/92301/LPI

    Martin C Holland - CEO
    Lithium Power International
    E: info@lithiumpowerinternational.com
    T: +61-2-9276-1245
    www.lithiumpowerinternational.com
    Twitter: @LithiumPowerLPI

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    Regeneus (ASX:RGS), a clinical-stage regenerative medicine company, today announced that the previously reported positive results from its Phase 1 safety trial of Progenza in patients with knee osteoarthritis (OA) have been published in the Journal of Translational Medicine (see Note and article link below).

    The STEP trial (Safety, Tolerability and Efficacy of Progenza) is the first clinical trial of Progenza, the company's allogeneic stem cell technology platform for the treatment of OA and other inflammatory conditions. The publication of the results in a well-respected journal further validates the trial results.

    In this study, a single injection into the knee of Progenza (3.9 million cells or 6.7 million cells) in patients was safe and well tolerated. Progenza also showed durable and clinically meaningful pain relief in patients with knee OA. Examination of knee joint structure by MRI showed a statistically significant improvement in lateral tibial cartilage volume for patients treated with 3.9 million cells of Progenza compared to a worsening in placebo patients (p=0.028).

    Lead author, Sydney-based sports medicine specialist, Dr. Donald Kuah, the Principal Investigator on the trial commented: "Osteoarthritis is a chronic disease with substantial impact on patients due to pain and functional impairment. Treatment options that can intervene in the process and potentially modify the disease are needed. The STEP trial was a well designed, double-blind trial with long-term follow-up for 12 months after injection. Based on the outcome of the study, Progenza holds promise for osteoarthritis patients".

    Regeneus CEO, John Martin said: "The Journal for Translational Medicine was our first choice for publication and we are very pleased to be accepted by this well respected journal. The publication of these positive results is an important milestone for Regeneus and will assist with our clinical licensing discussions for Progenza in Japan".

    About Progenza stem cell technology

    Progenza is an allogeneic off-the-shelf stem cell technology platform developed for the treatment of knee osteoarthritis and other inflammatory conditions. Progenza cells work by secreting cytokines, growth factors and exosomes that act in concert to reduce inflammation and pain and encourage accelerated healing and repair of the damaged or diseased tissue.

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

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

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

    Note: Kuah et al. JTranslMed (2018) 16:49. This article is available on our company website under News.

    To view the article, please visit:
    http://abnnewswire.net/lnk/0V6V2GFU

    Sandra McIntosh
    Investor Relations
    T: +61-2-9499-8010
    E: investors@regeneus.com.au
    W: www.regeneus.com.au

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    White Rock Minerals Ltd (ASX:WRM) ("White Rock" or the "Company") is pleased to announce that Frontier Exploration LLC, an Alaskan corporation, has been selected to provide drilling services at the Company's globally significant 100% owned zinc VMS project at Red Mountain in Alaska. White Rock has planned 4,500m of drilling aimed at in-fill and expansion of the high grade maiden Resource as well as drill testing the best of the more than 30 already identified exploration targets.

    The drilling campaign, to commence in May, will aim to infill and extend the maiden resource which already has two identified deposits (Dry Creek and West Tundra Flats) and a Resource base of 16.7Mt at 8.9% ZnEq (see Note below) including a high-grade component of 9.1Mt @ 12.9% ZnEq (see Note below) (refer ASX announcement 26 April 2017 regarding the maiden Mineral Resource).

    This drilling is aimed to follow-up on drilling last done in the 1990s, which included

    68.9m @ 4% Zn, 1.8% Pb, 58g/t Ag and 0.3g/t Au (DC98-60),

    36.1m @ 6.2% Zn, 2.5% Pb, 183g/t Ag and 1g/t Au (DC98-40) and

    12.5m @ 12.5% Zn, 5.5% Pb, 160g/t Ag and 1.1g/t Au (DC97-04).

    (refer ASX Announcement dated 15 February 2016 "White Rock Minerals proposes to acquire VMS project in Alaska".)

    MD & CEO Matt Gill said "The Company is very excited about the potential for its globally significant high-grade Zinc VMS Project at Red Mountain, and the news flow that should come from a successful drilling and more regional geophysics and geochemistry program here.

    Since acquiring the Red Mountain project in early 2016, we have expanded our strategic footprint 10-fold, to 143km2, and have also released a maiden Mineral Resource that immediately placed the Red Mountain Project in the top quartile of undeveloped high-grade VMS (zinc, silver, gold) deposits globally. Importantly, the two deposits identified within the Company's extensive land holding immediately placed the Red Mountain zinc project as one of the highest grade and more significant deposits of any zinc company listed on the ASX and an important VMS asset within a global context.

    Our drill program for the 2018 summer field season aims to further build on our geological knowledge of the mineralisation, increase confidence in the Resource base, expand the already globally significant Resources at the existing deposits and discover new deposits. This is an exciting time for White Rock".

    About Red Mountain (as more fully set out in the ASX Announcement dated 15 February 2016)

    - The Red Mountain Project is located in central Alaska, 100km south of Fairbanks, in the Bonnifield Mining District. The tenement package comprises 224 mining claims over a total area of 143km2.

    - The Red Mountain Project contains polymetallic VMS mineralisation rich in zinc, silver and lead, with potential for significant gold and copper.

    - Mineralisation occurs from surface and is open along strike and down-dip.

    - White Rock used historical drilling to determine a maiden JORC 2012 Mineral Resource estimate for the Dry Creek and West Tundra Flats deposit (ASX Announcement 26th April 2017). The Inferred Mineral Resource contains an impressive base metal and precious metal content with 678,000t zinc, 286,000t lead, 53.5 million ounces silver and 352,000 ounces gold.

    - Good preliminary metallurgical recoveries of >90% zinc, >75% lead, >80% gold, >70% silver and >70% copper.

    - Previous drilling highlights (ASX Announcement 15th February 2016) include:

    Dry Creek

    o 4.6m @ 23.5% Zn, 531g/t Ag, 8.5% Pb, 1.5g/t Au & 1.0% Cu from 6.1m

    o 5.5m @ 25.9% Zn, 346g/t Ag, 11.7% Pb, 2.5g/t Au & 0.9% Cu from 69.5m

    o 7.1m @ 15.1% Zn, 334g/t Ag, 6.8% Pb, 0.9g/t Au & 0.3% Cu from39.1m

    West Tundra Flats

    o 1.3m @ 21.0% Zn, 796g/t Ag,9.2% Pb, 10.2g/t Au & 0.6% Cu from 58.6m

    o 3.0m @ 7.3% Zn, 796g/t Ag, 4.3% Pb, 1.1g/t Au & 0.2% Cu from160.9m

    o 1.7m @ 11.4% Zn, 372g/t Ag, 6.0% Pb, 1.7g/t Au & 0.2% Cu from 104.3m

    - VMS deposits typically occur in clusters ("VMS camps"). Deposit sizes within camps typically follow a log normal distribution, and deposits within camps typically occur at regular spacing. The known deposits at Dry Creek and West Tundra Flats provide valuable information with which to vector and target additional new deposits within the Red Mountain camp.

    - Interpretation of the geologic setting indicates conditions that enhance the prospectivity for gold-rich mineralisation within the VMS system at Red Mountain. Gold mineralisation is usually found at the top of VMS base metal deposits or adjacent in the overlying sediments. Gold bearing host rocks are commonly not enriched in base metals and consequently often missed during early exploration sampling. This provides an exciting opportunity for potential further discoveries at Red Mountain.

    - White Rock sees significant discovery potential, given the lack of modern day exploration at Red Mountain. This is further enhanced by the very nature of VMS clustering in camps, and the potentially large areas over which these can occur.

    Note: ZnEq = Zinc equivalent grades are estimated using long-term broker consensus estimates compiled by RFC Ambrian as at 20 March 2017 adjusted for recoveries from historical metallurgical test work and calculated with the formula: ZnEq =100 x [(Zn% x 2,206.7 x 0.9) + (Pb% x 1,922 x 0.75) + (Cu% x 6,274 x 0.70) + (Ag g/t x (19.68/31.1035) x 0.70) + (Au g/t x (1,227/31.1035) x 0.80)] / (2,206.7 x 0.9). White Rock is of the opinion that all elements included in the metal equivalent calculation have reasonable potential to be recovered and sold.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/148032P9

    Matt Gill (MD & CEO)
    Phone: +61-3-5331-4644
    
    Or Shane Turner (Company Secretary)
    Phone: +61-3-5331-4644
    Email: info@whiterockminerals.com.au
    WWW: www.whiterockminerals.com.au

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

    Nucleus Vision is an end-to-end technology solution that captures and provides previously inaccessible data to retailers and other 'brick-and-mortar' businesses through its proprietary blockchain and real-time sensor technology.

    nCash is the decentralized cryptocurrency of Nucleus Vision, which is used for various transactions across the Nucleus Vision ecosystem. With nCash, Nucleus Vision has created an interoperable loyalty program that enables customers to earn and redeem nCash tokens from retailers in the global Nucleus Vision network. Nucleus Vision's technology is currently already being utilized in 10 different retail stores with large expansions scheduled for 2018 and beyond.

    Total Supply: 10,000,000,000
    Circulating Supply: 4,500,000,000
    ICO Price: $ 0.01

    To view the Whitepaper, please visit:
    http://abnnewswire.net/lnk/6W68A48Q

    Email Us: info@Nucleus.Vision

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

    POA Network is an open Ethereum sidechain with Proof of Authority (PoA) consensus, reached by independent validators. It's a public network for smart contracts that combines speed, security, and cost efficiency.

    POA Core Network consists of the PoA-based protocol, the validators who seal the blocks according to the rules of this protocol, and the DApps that enable the network functionality. Core Network is an independent chain with its own native coin.

    At POA Network, we are making the case that consensus by individuals is a feasible business model for blockchains. A streamlined consensus algorithm that creates a trustless environment without an expensive setup, combined with a swarm of blockchains, connected to each other to transfer value, can establish a foundation for faster and cheaper smart contracts.

    Max Supply: 252,460,800 POA

    Circulating Supply: 201,968,640 POA

    Issue Price: $0.0724

    To view the Whitepaper, please visit:
    http://abnnewswire.net/lnk/2FIMUQ8P

    Join us on Telegram:
    
    http://t.me/poa_network

    0 0

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

    Zilliqa is the world's first high-throughput public blockchain platform - designed to scale to thousands of transactions per second.

    Zilliqa brings the theory of sharding to practice with its novel protocol that increases transaction rates as its network expands. The platform is tailored towards enabling secure data-driven decentralized apps, designed to meet the scaling requirements of machine learning and financial algorithms.

    Zilliqa has been under research and development for two years and powered several ground-breaking deployments commercially.

    Max Supply: 12,600,000,000 ZIL

    Circulating Supply: 6,511,228,178 ZIL

    Issue Price: $0.0081

    To view the Whitepaper, please visit:
    http://abnnewswire.net/lnk/0SSR527R

    Email: enquiry@zilliqa.com

    0 0

    YPB Group Ltd (ASX:YPB) provides Prospectus for the conditional offer of up to 285,714 Shares at an issue price of $0.035 per Share to raise approximately $10,000 (before expenses).

    This Prospectus has been prepared primarily for the purpose of Section 708A(11) of the Corporations Act to remove any trading restrictions on the sale of Shares issued by the Company prior to the Closing Date.

    The Offer is not underwritten.

    Timetable and important dates*

      
    -------------------------------------------------------------------
    Action                                               Date 
    -------------------------------------------------------------------
    Lodgement of Prospectus with ASIC and ASX       7 March 2018
    Opening Date                                    8 March 2018
    Closing Date                                    9 March 2018
    Expected Date of Official Quotation            12 March 2018 
    ------------------------------------------------------------------- 
    
    * The above dates are indicative only and may be subject to change. The Directors reserve the right to vary these dates, including the Closing Date, without prior notice but subject to any applicable requirements of the Corporations Act or the ASX Listing Rules. This may include extending the Offer or accepting late acceptances, either generally or in particular cases.

    To view the full Prospectus, please visit:
    http://abnnewswire.net/lnk/MVLN7697

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

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    YPB Group Ltd (ASX:YPB) advises the voluntary suspension has been extended for a further 14 days to 22 March 2018. As previously advised, YPB has fully agreed a strategic relationship which Directors believe will prove material to the Company's future and its stock price. Final contractual execution is imminent but still remains subject to the partner's internal processes and a date for final execution cannot presently be specified. Should contractual execution occur prior to 22 March, application will be made to the ASX to lift the voluntary suspension.

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

    0 0

    Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF) ("Blackham" or "the Company") is pleased to present an operational update for the month of February 2018 at its Matilda-Wiluna Gold Operation ("the Operation"). Access to high grade zones in the M4 and Galaxy pits was achieved late in the Dec'17 quarter, enabling record monthly gold production in both Jan'18 and Feb'18 of 6,498oz and 6,713oz, respectively.

    Highlights

    - Operations continued to generate strong cash flows in February

    - New record monthly gold production in Feb'18 of 6,713oz (Jan'18: 6,498oz)

    - 150kt milled for the month at an average rate of 5,347tpd or 1.95Mtpa annualised (2% higher than Jan'18)

    - Mill feed grade improved to 1.5g/t, a 13% improvement on prior month

    - High grade stockpiles were 144kt @ 1.7g/t Au at 28 Feb 2018 and expected to grow during Mar'18

    - All in sustaining costs reduced to A$912/oz in Feb'18, a 21% decrease on Jan'18 (A$1,158/oz)

    - Average realised gold price during the month of A$1,670/oz

    - Cash and bullion of $31.4 million and secured debt of $43.8 million at 28 Feb 2018

    February's open pit mining stripping ratio was a low 1.5:1 (waste:ore) (Jan'18: 3.6:1). The low stripping ratio and increased gold production resulted in Blackham achieving a record low monthly AISC in Feb'18 of A$912/oz (A$1,158/oz - Jan'18), in comparison to an average realised gold price during the month of A$1,670/oz, continuing its high margin production for the quarter to date.

    Despite significant rainfall and lightning events during the month, which restricted mining operations, the Operation has increased the high grade stockpiles, which currently total 144kt @ 1.7g/t Au. Milled grade and gold production are expected to continue to improve during Mar'18 with the increasing grade of the mill feed stockpiles.

    Blackham's Executive Chairman, Mr Milan Jerkovic, said:

    "February's operational results demonstrate a continued improvement of the turnaround that commenced in December 2017. Record production and further reduced costs from the Operation underpinned another month of strong cashflow, whilst maintaining stockpiles with increased grades. We remain confident that 2018 will be a transformational year that will generate significant cash flows and value for Blackham and its shareholders."

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/0I0SVV4G

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

    0 0

    Image Resources NL (ASX:IMA) (OTCMKTS:IMREF) ("Image" or "the Company") is pleased to announce that the Company has entered into a Loan Note Subscription Agreement ("LNSA") with Pala Investments Limited ("Pala") and Castlelake IV, L.P. and CL V Investment Solutions LLC which are entities controlled by Castlelake L.P. (collectively, "Castlelake") as the Loan Note Holders, to raise AU$50M1 from the issue of senior secured loan notes.

    - AU$50M (see Note below) to be raised from the issue of senior secured loan notes

    - Funds to be used for construction and commissioning of Image's high-grade, zircon-rich Boonanarring Mineral Sands project 80 km north of Perth

    - Transfer of funds to be single tranche following satisfaction of customary conditions precedent

    - Construction on track to begin no later than 31 March 2018

    - Project commissioning scheduled for October 2018

    Funds raised under the LNSA will be used for the construction and commissioning of an open cut mine and wet concentration plant at the Company's 100%-owned, high grade, zircon-rich Boonanarring Mineral Sands Project ("Boonanarring Project") located 80 km north of Perth in the infrastructure-rich North Perth Basin in Western Australia.

    Managing Director Patrick Mutz commented, "Finalising an agreement to provide the Company with the project debt capital required to construct and commission the Boonanarring Project is a major milestone and should serve to boost investor confidence. It also allows the Company to continue to march confidently towards the finish line of its goal of transitioning to a profitable mining company."

    The Boonanarring Project is one of the highest heavy-mineral (HM) grade, high-zircon, undeveloped mineral sands projects in Australia. The project is fully permitted, requires project capital costs of only AU$52M, and has a construction lead time of six months. In addition, the Company already owns the processing equipment required to make an HMC product as well as the land covering the first two years of ore reserves and of the area for the construction of the processing plant and related facilities. Importantly, the Company has also secured a binding off-take agreement for 100% of HMC production for the life of the mine.

    Construction of the Boonanarring Project is on track to commence in March 2018. Initial mining prestrip and construction of the wet concentrator plant and associated production facilities are expected to be completed at the end of the 3rd Qtr. 2018, followed by commissioning and first production during the 4th Qtr.

    Mr Mutz added, "The strong cashflows forecast in the Boonanarring/Atlas feasibility study, coupled with the recent rise in the price of zircon, provide a high level of confidence that the debt facility can be serviced comfortably during the relatively short life of the loan."

    LNSA General Information

    Drawdown of funds under the LNSA is subject to satisfaction of certain conditions precedent customary for a facility of this nature.

    The Company was well supported by its financial advisors Jett Capital Advisors LLC (New York) which facilitated Image's introductions to Pala and Castlelake, and PCF Capital Group Pty Ltd (Perth) which provided advice and financial modelling services.

    Key terms and conditions of the LNSA are summarized in Schedule 1. Additional information on the Loan Note Holders and Image's financial advisors is presented in Schedule 2.

    Notes: US$ denominated Loan Notes equivalent to AU$50 million at signing of the LNSA

    To view Schedule 1 and 2, please visit:
    http://abnnewswire.net/lnk/N68Y21J2

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

    0 0

    Lithium Power International Limited (ASX:LPI) (OTCMKTS:LTHHF) (LPI or the Company) provides clarification from the Maricunga JV Company, Minera Salar Blanco (MSB), on a recent press release featured this week in the Chilean media, along with statements made by the outgoing Chilean Mining Minister at the Prospectors & Developers Association of Canada (PDAC) convention in Toronto earlier this week.

    These comments were in connection with the publication of Decree No. 64, which approves a future lithium special operation agreement (CEOL) between the Ministry of Mining in Chile and a subsidiary of a Chilean state-owned copper company Codelco.

    Decree No. 64 authorizes the promotion, development and operation of lithium in certain areas of the Maricunga Salar brine until year 2057, setting the framework, minimum requirements and regulations for a CEOL to be executed.

    It is noted that such agreement is yet to be executed between the Ministry of Mining and Codelco.

    It is further noted that Decree No. 64 explicitly states that any future CEOL will not affect, in any manner whatsoever, any lithium concessions granted prior to 1979, under the "Old Code" mining regulations.

    A significant proportion of MSB's properties, namely: Cocina, Salamina, Despreciada and San Francisco tenements are "Old Code" tenements, with only the Litio tenement classified as post 1979 "New Code". Refer to Figure 1 (see link below).

    It is also advised that exploration has been conducted on all MSB tenements, with the results issued in the JORC and NI 43-101 complainant Resource Estimate and the Preliminary Economic Assessment remain a true reflection of the overall project.

    MSB is confident that the Chilean government and all its entities will respect the rights of private entities, such as MSB, to participate in equitable conditions in the exploration and exploitation of lithium in the Maricunga Salar, within the in terms and conditions set forth in the Chilean Constitution, laws and applicable regulations.

    MSB is confident that the new administration coming into office on 11 March 2018, will create all the required conditions to attract new investments in order to contribute to the progress and welfare of the country and all its people.

    The judicial and social environment is what currently makes Chile an attractive jurisdiction for foreign investors.

    Maricunga JV Background

    The Maricunga JV is 50%-owned by Lithium Power International Limited. 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.

    To view figures, please visit:
    http://abnnewswire.net/lnk/OI54EGMB

    Martin C Holland - CEO
    Lithium Power International
    E: info@lithiumpowerinternational.com
    T: +61-2-9276-1245
    www.lithiumpowerinternational.com
    Twitter: @LithiumPowerLPI

    0 0

    Core Exploration Ltd (ASX:CXO) ("Core" or the "Company") is pleased to announce multiple intersections of high-grade lithium from drilling at the Grants Lithium Deposit within Core's 100% owned Finniss Lithium Project near Darwin in the NT.

    HIGHLIGHTS

    - Multiple new high-grade lithium intersections from Grants include:

    o 37.2m @ 1.71% Li2O from 103.7 m in FRCD011

    -- Including 10m @ 2.05% Li2O

    o 53.2m @ 1.69 % Li2O from 65.8m in FRCD012

    -- Including 9m @ 2.21% Li2O

    o 40.0m @ 1.36% Li2O from 67m in FRC110

    -- Including 7m @ 2.03% Li2O

    o 41.0m @ 1.42 % Li2O from 130m in FRC111

    -- Including 4m @ 2.12% Li2O

    o 43.0m @ 1.44 Li2O from 68m in FRC112

    -- Including 5m @ 2.19% Li2O

    - This drilling reaffirms the excellent high-grade continuity and thickness of the spodumene mineralisation at Grants Lithium Deposit near Darwin in the NT

    - Additional assay results from current drilling at Grants are expected over the coming weeks

    - All assay results from the current drilling programme at Grants are expected to culminate in a significant boost to the Indicated resource category at Grants

    - Grants Lithium Project Pre-Feasibility Study (PFS) to be completed shortly after Grants resource upgrade

    The quality of the drilling results and broad spodumene mineralisation observed in drill core highlights the continuity of high lithium grades, thickness and consistency of spodumene mineralisation with the Grants pegmatite ore-body.

    The objective of the current drill program has been to convert the existing resource at Grants to mostly Indicated and Measured level of resource confidence. Core anticipates that these new drill results will substantially add to the proportion of the Mineral Resource in the Indicated and Measured categories at Grants, which will enable calculation of the Mining Inventory in the PFS.

    Additional resources, in particular a maiden resource at the BP33 prospect, located only 5kms away, is expected to underpin the strong resources growth profile for the broader Finniss region.

    Core is targeting to commence resource evaluation at Grants as soon as all the assay results are received later this month.

    The Pre-Feasibility Study (PFS) supporting the development of the Grants deposit is currently underway. Core is planning to complete the PFS shortly after the resource studies are completed as soon as due consideration is given in the PFS evaluation and modelling.

    Drill Results from Grants

    Multiple new high-grade lithium intersections from Grants include:

    o 37.2m @ 1.71% Li2O from 103.7 m in FRCD011

    -- Including 10m @ 2.05% Li2O

    o 53.2m @ 1.69 % Li2O from 65.8m in FRCD012

    -- Including 9m @ 2.21% Li2O

    o 40.0m @ 1.36% Li2O from 67m in FRC110

    -- Including 7m @ 2.03% Li2O

    o 41.0m @ 1.42 % Li2O from 130m in FRC111

    -- Including 4m @ 2.12% Li2O

    o 43.0m @ 1.44 Li2O from 68m in FRC112

    -- Including 5m @ 2.19% Li2O

    Photos 1 and 2 (see link below) compare high grade spodumene drill core from Grants from drill holes located approximately 100m apart (see Photos 1 & 2 and Figure 1 in link below). The lithium mineralisation at Grants presents itself consistently as coarse grained green spodumene, with the pegmatite comprised of roughly equal proportions of spodumene, feldspar and quartz.

    Three multipurpose RC and diamond core rigs have been drilling at Grants since the start of February 2018 to upgrade the confidence level of the initial high-grade lithium resource announced in 2017.

    The remarkable consistency of grade and thickness of the pegmatite is positive for mining and processing of ore, which is reflected in the outstanding metallurgical results received to date from Grants (ASX 30/03/2017).

    The southern strike and plunge potential of the pegmatite remains untested at Grants (see Figure 1 in link below). The one hole that was drilled in that area (FRC109) failed to reach the target depth due to poor ground conditions and was abandoned at 103m, consequently Core is considering extending FRC044 to the test this area. Core is also planning a number of exploration holes to test the down-dip potential at the southern end of Grants later in 2018.

    The Company has undertaken a five-hole, HQ diameter core drilling program for metallurgical studies that will feed into feasibility study in 2018.

    Geotechnical drilling and assessment during the current drill program at Grants is planned to feed into detailed mine engineering and design to be included in the 2018 Feasibility Study.

    Finniss Lithium Project Background

    Core has established one of Australia's highest grade lithium resources at the Grants Deposit within the Finniss Lithium Project near Darwin Port, Australia's closest port to China.

    Core has recently entered into a binding lithium Offtake Agreement and, a conditional US$20 million Prepayment Agreement with one of China's largest lithium producers and has also established an agreement (HOA) to export spodumene products from Darwin Port.

    Core is progressing the regulatory and feasibility steps to drive the Grants Lithium Deposit through development and into production with the aim to establish long-life spodumene production from its large tenement holding located near grid power, gas and rail infrastructure and the skills and services of Darwin. The capital city of Darwin also provides an ideal technology, infrastructure and transport hub for potential downstream processing of lithium products as the EV and lithium battery industry continues to expand into the future.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/5DR1KCN4

    Stephen Biggins
    Managing Director
    Core Exploration Ltd
    T: +61-8-7324-2987
    E: info@coreexploration.com.au

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    Environmental Clean Technologies Limited (ASX:ESI) (ECT or Company) is pleased to provide the following update on the progress of the external, independent financial review (the Review) of its proposed Coldry-Matmor project in India.

    Key points:

    - Independent, external review complete & submitted

    - Master Project Agreement (MPA) being updated and finalised to reflect the Review

    - ECT, NLC and NMDC personnel to meet this week to discuss next steps and timeframes towards finalisation

    - Invitation sent to senior executives of NLC and NMDC to visit Australia between late April and early May.

    Further to the Company's previous update (17 January 2018), India-based external legal consultants were appointed by NLC and NMDC to undertake the Review, and the partners have advised the completion and submission of their final report.

    ECT India Chairman and Managing Director Mr Ashley Moore commented: "Naturally, we're very pleased to have progressed this in a timeframe that keeps our timetable on track."

    "While ECT, NLC and NMDC have remained aligned on the key commercial terms throughout the last three months, the submission of the external report is a further opportunity around which the parties intend to review and identify any further refinements or enhancements that can be incorporated into the revised Master Project Agreement.

    "Our partners have approached this project with a long-term view. So, while the project commences with an R&D stage with an estimated equipment budget of around A$35M, the MPA provides the basis for the subsequent commercial deployment of the technologies, which may entail significant future investment. For example, the scope within our techno-economic feasibility (TEF) study was for a Matmor plant with a capacity of 500,000 tonnes per annum of finished steel billet, with an estimated capital investment of around A$300 million. In that context, the extended period and rigour of review and engagement between the parties have been entirely appropriate in setting the framework to step through the R&D phase and onwards to commercial scale.

    "Importantly, the recent submission of the final report means we remain on track to meet our timetable of firstly signing the MPA which will allow us to reach financial close by 30 June this year."

    Senior ECT personnel will this week meet with NLC and NMDC to discuss the final report and to review next steps and anticipated timeframe to complete the remaining activities, including respective Board and Government approvals, ahead of signing the Master Project Agreement (MPA) and remaining steps through to financial close.

    Formal invitations have been sent to senior executives at NLC and NMDC to visit Australia. Further advice will be provided to the market if and when the dates and a formal program for the visit have been confirmed.

    About Coldry

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

    About MATMOR

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

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

    About the India R&D Project

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

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

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

    NMDC Limited is India's national iron ore authority.

    Glenn Fozard
    Chairman
    Environmental Clean Technologies Ltd
    E: info@ectltd.com.au
    WWW: www.ectltd.com.au

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    Lithium exploration company Lake Resources N.L. (ASX:LKE) ("Lake" or "LKE") additional larger rotary drill rig will commence operations in the coming days to accelerate the drilling of lithium brines within conductive sands at the Company's 100%-owned Kachi Lithium Brine Project in Catamarca.

    - The additional larger rotary drill rig will commence operations in the coming days at Lake's 100%-owned Kachi Lithium Brine Project in Catamarca Province, Argentina.

    - The extra drill rig has been contracted to accelerate the current drilling programme.

    - High grade lithium brine results and flows have been announced immediately adjacent to Lake's leases at the Cauchari Lithium Brine Project in Jujuy.

    Kachi Lithium Brine Project, Catamarca - Update on drilling

    Lake's Managing Director, Steve Promnitz said: "We are very pleased to be accelerating our current drilling programme in Kachi with the arrival of the additional drill rig. We have also been pleased to hear about high grade lithium brine results and good flows of brines recently reported from leases immediately adjoining Lake's leases at the Cauchari Lithium Brine Project in Jujuy province. The results, announced by Advantage Lithium (CVE:AAL) together with its partner Orocobre, are drilling lithium bearing brines on their Cauchari Project, adjacent to SQM/Lithium Americas development project. It is Lake's intention to target the same aquifers".

    To view figures, please visit:
    http://abnnewswire.net/lnk/25MFW4H7

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

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    Big Un Limited (ASX:BIG) (OTCMKTS:BGGNF) (or 'the Company') is pleased to announce the appointment of Mr William Knowles to the board of directors.

    Appointment of Mr William Knowles

    The board welcomes the appointment of William Knowles as an independent, non-executive director of Big Un Limited. Mr Knowles brings a wealth of experience having operated in London, New York, Buenos Aries and Moscow financial markets for over 30 years for financial institutions that include: Swiss Bank Corporation, Moscow Narodny Bank Ltd, Compagnie Financière Tradition, Scandinavian Bank Group, BGC Partners Switzerland and Mint Equities Ltd.

    During his tenure as Director of Emerging Market Debt for one of the world's top broking firms Compagnie Financière Tradition (CFT), Mr Knowles was responsible for establishing the first International broking company in Moscow. He established the international market for trading of Russian hard currency denominated debt instruments, maintaining Tradition as the leading broker in this sector.

    In his role as independent non-executive director, Mr Knowles' management skills and intimate knowledge of, and experience in global financial markets will provide the board of BIG with invaluable expertise and insight as the company continues with its plans to expand into the US and the UK.

    In line with its growth, the Company intends to continue to add strength and experience to the Board, as well as establish additional committees to monitor compliance and governance. The Company also confirms that that all necessary criminal and background checks were undertaken for members of its board and senior management, including Mr Richard Evertz, as required by the ASX Listing Rules. Mr Evertz does not have a criminal record and all relevant disclosures were made to the market in the prospectus published by the Company as part of its re-compliance listing in 2014.

    Resignation of Mr Hugh Massie

    The board has accepted the resignation of non-executive Chairman Mr Hugh Massie.

    Outlook

    The Company continues with its international roll-out, tech development and to deliver product and services to meet demand from Australia, USA and UK and will update the market as soon as it is able.

    Corporate Enquiries
    Sonia Thurston
    Executive Director
    E: sonia@bigreviewtv.com

    0 0

    We refer to our ASX announcement on Thursday, 1st March 2018 where we requested a voluntary suspension of Greatcell Solar Limited's shares (ASX:GSL) (OTCMKTS:DYSOY). In that announcement we committed to providing a market update on or before 9th March 2018.

    Greatcell is currently continuing to evaluate various funding options in close consultation with a number of government agencies, in Australia and overseas, as well as its key stakeholders. The principal purpose for the funding will be to finance the operating and capital expenditure associated with the establishment and operation of a Major Area Demonstration Prototype facility co-located at CSIRO in Clayton, Victoria. This is a substantial project costed at between $15 and $20 million.

    While funding discussions are progressing, they remain incomplete and are ongoing. Hence, Greatcell cannot provide the market with sufficient detailed information to ensure that its shares trade on an informed basis.

    Greatcell wishes to raise the requisite capital as promptly as is practicable. However, we expect that it is likely to take up to 4 weeks for negotiations to be completed and documentation finalised.

    Greatcell is not aware of any reason why its securities should not remain suspended and remains in full compliance with its continuous disclosure obligations.

    About PEROVSKITE SOLAR CELL TECHNOLOGY

    Perovskite Solar Cell (PSC) technology is a photovoltaic (PV) technology based on applying low cost materials in a series of ultrathin layers encapsulated by protective sealants. Greatcell Solar's technology has lower embodied energy in manufacture, produces stable electrical current, and has a strong competitive advantage in low light conditions relative to incumbent PV technologies. This technology can be directly integrated into the building envelope to achieve highly competitive building integrated photovoltaics (BIPV).

    The key material layers include a hybrid organic-inorganic halide-based perovskite light absorber and nano-porous metal oxide of titanium oxide. Light striking the absorber promotes an electron into the excited state, followed by a rapid electron transfer and collection by the titania layer. Meanwhile, the remaining positive charge is transferred to the opposite electrode, thereby generating an electrical current.

    GSL Headquarters: 
    Marine Andre
    Investor Relations Manager
    T: +61-2-6299-1592 
    E: mandre@greatcellsolar.com
    
    Germany & Europe: 
    Eva Reuter
    Dr Reuter Investor Relations 
    T: +49-177-605-8804
    E: e.reuter@dr-reuter.eu

    0 0

    Emmerson Resources Limited ("Emmerson") (ASX:ERM) (OTCMKTS:EMMRF) is pleased to announce that our first drill program for the 2018 season will commence in April (weather permitting) (see Figure 1 in link below). This high impact program consists of:

    o 8 RC drill holes in the Edna Beryl district aimed at delineating extensions outside of the Edna Beryl Mine area. Previous drilling and gravity geophysics completed in 2017 provided indications of new mineralised hematite ironstones.

    Some of the highlights of this drilling (which were not followed up) include: EBWRC083 some 200m to the west of the Edna Beryl mine which intersected a thick shear zone containing chlorite-hematite ironstone and quartz veining that assayed 7m at 1.33g/t gold from 171m including 2m at 4.31g/t gold and 1m at 6.60g/t gold (ASX- 18 September 2017).

    Further mineralisation immediately to the north of the Edna Beryl mine was intersected in drill holes EBWCRC061 (assaying 12m at 0.59% copper with 0.07g/t gold from 90m) and; EBWRC062 (assaying 15m at 0.25% copper and 0.03g/t gold from 210m). This intersection included some higher grades of 1m at 2.80% copper and anomalous gold (ASX- 18 September 2017).

    o 5 RC drill holes to test for extensions and continuity at a promising new discovery called Mauretania. The discovery drill hole, MTRC006 intersected a hematite-chlorite ironstone, assaying 31m at 3.64g/t gold including 19m at 5.51g/t gold from 63m (ASX- 12 October 2015)

    o The remainder of the drill program is spread across potential small mines projects and aimed at providing further geological and grade information for future planning purposes.

    - New targets of gold, copper and cobalt identified in Emmerson's 100% owned, 2600km2 Tennant Creek Project

    - 2,100m drill program to commence in April (weather permitting), aimed at extending high grade gold

    - Proposed restructure of the Tennant Creek project provides Emmerson with 100% of new high-grade gold projects and revenue from the small mines

    Emmerson's Managing Director, Mr Rob Bills commented: "Whilst the proposed restructure of the Tennant Creek JV with Evolution Mining (ASX 19 February 2018) is now being assessed by the regulators, Emmerson is wasting no time in capitalising on some very compelling gold, copper and cobalt opportunities that were previously not of priority under the terms of the previous JV.

    Now that Emmerson has 100% of the gold assets and revenue from the small mines, plus most of the tenements (constituting some 94% of the previous area under JV with Evolution), our focus has turned to expanding the previously identified high grade gold projects that can feed into a revenue stream from our small mines.

    Given our track record of innovation and discovery in the Tennant Creek Field, we continue to build on this through looking for new styles of mineralisation, which can unlock further value. Apart from the hematite hosted, high grade gold discoveries made at Edna Beryl, Mauretania and Goanna (copper-gold), Emmerson is progressing a new style of hematite-cobalt-copper mineralisation, which although intersected in historical drilling has yet to be exploited or explored.....but further news on this later.

    We also continue to make great progress in NSW where we are currently working across five large gold-copper projects. This is early stage exploration except for the Kadungle project, where we have recently notified Aurelia Metals that Emmerson has now earnt an 80% interest from funding the recent drilling at Mt Leadley and Trig. All assay results have now been received, with those from Trig returning highly anomalous gold. We remain highly encouraged by the scale and extent of the alteration and mineralisation and believe this drilling confirms we are on the periphery of a large gold-copper deposit. Further work is now underway to vector into the highergrade core of the mineralisation.

    Small Mines

    First production from a portion of the Edna Beryl Mine (the Tribute Area) was announced in December 2017. Since then, plans have progressed for the commercial production from the Tribute Area which includes full scale mining and processing. As previously announced, Emmerson receives a "risk free" income stream via a royalty agreement with the specialist small scale miner, the Edna Beryl Mining Company. The restructure of the Tennant Creek project will now see Emmerson retain full control of the small mines and receive 100% of the revenue stream from the royalty (proportional to the amount of gold produced).

    Emmerson firmly believes there is excellent exploration upside at Edna Beryl, but like many of the historical mines in the field, will require higher density drilling that is best achieved from underground.

    Additionally, Emmerson is accelerating the permitting and development of the remainder of the small mines, with the Black Snake project the most advanced, and the largest being Chariot - with a JORC resource of ~100,000ozs of gold at a grade of 17.4g/t (ASX- 28 November 2013). The other small mines can be considered exploration targets, adding a further 160,000 - 180,000ozs of high grade gold (at 15-20g/t as indicated from the historical reports).

    Conditions Precedent to the Proposed Restructure of the Tennant Creek JV

    The restructure of the Tennant Creek Project is conditional on Emmerson obtaining a written opinion from the ASX that the transaction is not subject to Listing Rule 10.1 or, if required, Emmerson obtaining shareholder approval for the Proposed Restructure. The documentation supporting this restructure has been submitted to the ASX and we anticipate a response within the next few weeks.

    About Tennant Creek and Emmerson Resources

    The Tennant Creek Mineral Field (TCMF) is one of Australia's highest-grade gold and copper fields producing over 5.5 Mozs of gold and 470,000 tonnes of copper from a variety of deposits including Gecko, Orlando, Warrego, White Devil, Chariot and Golden Forty. All of which are within Emmerson Resources (ASX:ERM) 2,800km2 exploration and joint venture portfolio. These deposits are highly valuable exploration targets and, utilising modern exploration techniques, Emmerson has been successful in discovering copper and gold mineralisation at Goanna, Monitor and more recently Edna Beryl, the first discoveries in the TCMF for over a decade.

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

    Pursuant to the Farm-in agreement entered with Evolution Mining Limited (ASX:EVN) (Evolution) on 11 June 2014, Evolution has met the Stage 1 Earn-in obligation of $15 million to earn a 65% interest.

    Emmerson has recently commenced exploration on new gold-copper projects in NSW, identified (with our strategic alliance partner Kenex Limited) from the application of 2 and 3D predictive targeting models - aimed at increasing the probability of discovery. The highly prospective Macquarie Arc hosts >80Mozs gold and >13Mt copper but with these resources heavily weighted to areas of outcrop or limited cover. Emmerson's five exploration projects contain many attributes of the known deposits within the Macquarie Arc but remain under explored due to historical impediments, including overlying cover (plus farm lands) and a lack of exploration focus. Kadungle is a JV with Aurelia Metals covering 43km2 adjacent to Emmerson's Fifield project.

    To view figures, please visit:
    http://abnnewswire.net/lnk/0F0A702B

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

    0 0

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

    Ontology is a new generation public blockchain project and a distributed trust collaboration platform.

    Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems.

    Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups.

    Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed senarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Based on specific senario requirements, Ontology will continue to develop new common modules.

    Ontology uses a dual token (ONT and ONG) model. At first, ONT is an NEP-5 token and does not release ONG. After the launch of Ontology's MainNet, users will be able to exchange NEP-5 ONT for ONT on the Ontology MainNet, which will start to release ONG periodically.

    The circulating supply of 53.75% refers to all ONT without lock periods (ONT that can be transferred, but not necessary ONT that can be traded at the moment). For example, the community portion is unlocked ready for distribution in upcoming events.

    Ontology has already begun many technical partnerships, and several enterprises plan to build applications on Ontology. We are also planning future community airdrops. In the future Ontology will publish periodical reports which will further introduce this, as well as ONT circulation, distribution, and lock periods.

    Below is ONT's distribution proportions with the circulating supply in brackets:

    - Ontology Community: 12% (12%)

    - Institutional Partners: 28% (6%)

    - NEO Council: 10% (10%)

    - Ontology Ecosystem Development: 25% (12%)

    - Ontology Technical Community Reward: 10% (10%)

    - Ontology Core Team: 15% (3.75%)

    Max Supply: 1,000,000,000 ONT

    Circulating Supply: 537,500,000 ONT

    Issue Price: $0.2000

    To view Whitepaper, please visit:
    http://abnnewswire.net/lnk/AQPWWY43

    E-mail: contact@ont.io

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    Liquefied Natural Gas Ltd (ASX:LNG) (OTCMKTS:LNGLY) provides the Company's latest presentation at Bank of America Merrill Lynch US LNG Prospects Conference.

    Liquefied Natural Gas Limited

    Australian-Listed LNG Project Developer

    THREE-PATH EXECUTION STRATEGY

    1. Develop LNGL's equity projects

    2. Contribute OSMR(R) for equity in 3rd party projects

    3. Earn fees from licensing OSMR(R)

    Delivering competitive and innovative LNG projects to the global market

    LNG Limited's projects, superior to the rest

    Magnolia LNG

    - Lowest full-cycle cost provider

    - All regulatory approvals secured

    - Cost certainty, equity financing committed

    - Strategic site selection and project size

    - Favorable environmental factors

    OSMR(R) technology driven

    Bear Head LNG

    - Targeting Magnolia LNG cost model

    - All key regulatory approvals secured

    - Competitive shipping to most LNG markets

    - Strategic site selection with expansion

    - LNG export option for stranded gas

    Our projects are best positioned to deliver at the front of next LNG wave

    To view the full presentation, please visit:
    http://abnnewswire.net/lnk/LAC1689A

    Americas/Europe
    Mr. Micah Hirschfield
    Sr. Manager, Communications and Investor Relations
    Liquefied Natural Gas Limited
    T: +1-713-815-6920
    E: mhirschfield@lnglimited.com
    
    Australia/Asia
    Mr. Andrew Gould
    Group Development Manager and Joint Company Secretary
    Liquefied Natural Gas Limited
    T: +61-8-9366-3700
    E: AGould@lnglimited.com.au

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    Cervantes Corporation Ltd (ASX:CVS) A Golden Opportunity to invest in a Listed Australian exploration company developing one of Western Australia's great Gold Fields discovered in 1911, with 37 old mine workings but never explored by Modern exploration methods, only 4.5 hours from Perth. Plus 2 other exploration projects in WA, with one having initial 27,000 ounces based on ASX releases.

    Payne's Find is a well known Historical Gold Field, first discovered in 1911 by Thomas Payne, and is only 4.5 hours drive north of Perth on a main Highway.

    The WA State Government was so impressed with the numerous discoveries in the Gold Field in 1911 that they built a Battery (Gold Processing Mill) to allow the prospectors and miners of the day to process their gold ore. This mill still exists today as a Tourist attraction.

    Eventually there was some 37 old mines within the Payne's Find Gold Field, all of which are now currently under the control of Cervantes Corporation.

    These old workings produced gold with grades of 18 grams per tonne to 5 ounces per tonnes (31.1 grams per tonne equals one ounce).

    Modern mines can develop very profitable operations with 2 grams per tonne subject to tonnes of material, pit designs and availability of a processing mill.

    Cervantes now controls some 20 permits, which effectively covers the entire historical gold field.

    Future Plans

    Whilst previous drilling concentrated on shallow depths resulting in very encouraging high grades, the main prize is the original source of the gold at depth along a fault line of some 10km, which has never been geologically tested or drilled.

    This fault called the Primrose Fault extends from the North of the project area to the South of the project area and will be the main target of the upcoming exploration programs in early 2018.

    The project area contains a deposit called the Pansy Pit at the southern end of the Primrose Fault, which historical drilling indicates some 18,500 tonnes of 4.5 grams per tonne. This will be the subject of an early drilling program utilising modern drilling methods to expand the size of the indicated tonnes and grades, as it is currently open in all directions. The deposit is of considerable interest to a local Mill who wants to process the ore when further drilling has been carried out.

    As all of the historical workings were only discovered by old prospectors because they were exposed at the surface, it is believed that there is great potential to discover equally high grade deposits within the field which are currently covered by soil, and these areas will also form part of the overall exploration by Aeromagnetic and other modern exploration methods.

    Cervantes exploration manager is currently preparing work programs over all of the projects which are expected to commence in the first quarter of 2018.

    Benefits of Payne's Find

    Most newly discovered gold mines are over old prospector's workings but they are predominantly in remote areas, and or in countries with high Sovereign Risks, substantially increasing the costs and risks.

    Whereas Payne's Find :

    - Has some 37 old miners workings.

    - Is located in one of the most safe and supportive mining states in the World.

    - Is only 4.5 hours North of Perth on a major highway

    - Has extensive previous geological work, gold mineralisation, and data to provide an accelerated start to our exploration program.

    - Gold has already been discovered by old prospectors and by previous drilling programs.

    - There are no Native Title claims, royalty or access issues resulting in fast approval processing of exploration programs and no Native Title royalties.

    - An existing Mill is available depending on final exploration results, which could substantially reduce Capital Costs.

    - Potential early cash flow exists from the Pansy Pit and the Albury Heath deposit in Meekatharra because of availability of Mills.

    - Set up costs are minimal as the project area is located alongside a Roadhouse providing accommodation, meals, fuel and other facilities.

    - Will not have to provide Fly in and or Fly out expenses.

    - An additional benefit is that that the roadhouse owner is extremely familiar with the area and worked underground in some of the old workings as did his grandfather.

    - An air strip is nearby for safety and other purposes and a Volunteers Fire Brigade and First Aid post is nearby.

    Management

    The Chairman of the company is Mr Collin Vost who is also a substantial shareholder. Mr Vost has some 30 years experience in the Stock Market and junior resource companies Mr Marcus Flis is Director and Exploration Manager. Marcus has double and post graduate degrees in Geology and Geophysics with extensive experience with Rio Tinto, Citic Pacific Mining, Hamersley Iron, Newcrest and CRA.

    Mr Justin Vost is non executive Director and has experience in mining, capital markets and manufacturing in the UK, Atlanta and Australia.

    ( Disclaimer : The contents and photos of this advertorial article are provided by New York Securities. The views expressed in the article reflect the advertiser's opinions and are not the views of the publisher.)

    To view details and pictures, please visit:
    http://abnnewswire.net/lnk/P4N9H04Q

    E: admin@cervantescorp.com.au
    Tel: +61 8 6436 2300
    Fax: +61 8 9367 2450

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