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DroneShield Ltd (ASX:DRO) Completes $2.55 Million Placement

March 22, 2018, 4:18 pm
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DroneShield Limited (ASX:DRO) (OTCMKTS:DRSHF) ("DRO" or the "Company") is pleased to announce it has received commitments from institutional, professional and sophisticated investors to raise $2.55 million via a placement of 12.17 million ordinary fully paid shares at an issue price of $0.21 per share ("Placement"). The new shares will be issued utilising the Company's existing placement capacity pursuant to ASX Listing Rule 7.1 and Listing Rule 7.1A. The issue price under the Placement represents a 21% discount to the Company's last traded price and a 22% discount to the Company's 15 day volume weighted average market price prior to the date of this announcement.

Patersons Securities Limited ("Patersons") acted as Lead Manager to the Placement and received strong demand from new and existing institutional, professional and sophisticated investors. Peter James, the Company's Chairman, said "We appreciate continuous support from existing investors and welcome new investors to the Company's share register."

Net proceeds from the Placement will be used to fund:

- further development and integration of detection and countermeasure technologies, consistently with end-user requirements;

- an increase in stock levels (detection and countermeasure products);

- expansion of the Company's sales and marketing effort globally; and

- general working capital.

Oleg Vornik, DroneShield's Chief Executive Officer, commented: "We are pleased with the Company's progress. Over the recent four months the Company received its first order for DroneSentinel; established a European demonstration hub; received its first order for a product that includes the portable RadarZero module; substantially furthered its level of engagement with a range of governmental end-users around the world; received a NATO stock number for DroneGun; deployed DroneGuns with the Queensland Police for the upcoming Commonwealth Games in Brisbane; and received its first South American order. This Placement will assist the Company with expanding on these early successes in the nascent counterdrone industry."

Under the terms of the Placement, Patersons and the other brokers participating in the Placement will receive a 6% commission on the funds raised, as well as an aggregate of 3.04 million unlisted Class A options (which expire on 14 June 2019 with an exercise price of $0.22).

The Class A Options will be issued under the Company's existing Listing Rule 7.1 capacity.

The Company provides the following disclosures under ASX Listing Rules 3.10.5A and 7.1A.4(b).

- The dilutive effect of the issue of the Placement (assuming all of the Class A options are exercised) on existing shareholders is as follows. 
 
---------------------------------------------------------------------- 
                                   Number of     % of post Placement 
                           securities issued    issued share capital 

Ordinary shares 
issued under Listing Rule 7.1          9.32m                   5.41%  

Ordinary shares issued 
under Listing Rule 7.1A                2.84m                   1.65% 

Ordinary shares to be 
issued assuming all the Class A 
options issued under
Listing Rule 7.1 are exercised         3.04m                    1.77%  
---------------------------------------------------------------------- 
Total                                 15.21m                    8.83% 
----------------------------------------------------------------------

- The Company issued shares as a placement to institutional, sophisticated and professional investors (rather than as a pro rata issue) as this was considered to be the most efficient and expedient mechanism for raising funds in a timely matter.

- The Company did not enter into an underwriting arrangement in connection with the Placement.

- Fees of approximately $142,584 have been incurred in connection with the issue. 

Oleg Vornik
CEO and Managing Director
Email: oleg.vornik@droneshield.com
Tel: +61-2-9995-7280
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YPB Group Ltd (ASX:YPB) Voluntary Suspension Update

March 22, 2018, 4:34 pm
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YPB Group Ltd (ASX:YPB) advises that it has extended the closing of its current capital raising round until 5.00pm today, 23 March 2018, due to the late expression of interest from overseas parties and as a result advises of the continuation of the Company's voluntary trading suspension until Monday 26 March 2018. 

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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Environmental Clean Technologies Ltd (ASX:ESI) India Project Update - Matmor Pilot Plant Basic Design Package Complete

March 22, 2018, 4:37 pm
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Environmental Clean Technologies Limited (ASX:ESI) (ECT or Company) is pleased to announce the completion of the 'basic design' for the Matmor component of its planned India project.

Key points:

- The Matmor technology is the world's first and only lignite-based primary iron making process, capable of replacing metallurgical coal and high-grade lump iron ore with lower-cost alternative raw materials due to its unique chemistry and furnace design.

- The completion of the basic design package allows the plant design to proceed to tender following the signing of the Master Project Agreement (MPA), financial close and completion of the Coldry basic design package, targeted for 30 June 2018.

The completion of the basic design package for the Matmor pilot plant is a significant milestone in the preparation for the Company's integrated Coldry demonstration and Matmor pilot plant project with NLC India Limited (NLCIL) and NMDC Limited (NMDC).

The aim of the project is to deliver a pilot scale demonstration of ECT's two leading technologies under development; 'Matmor' and 'Coldry'.

Matmor

Matmor is the world's first and only lignite-based primary iron making technology capable of replacing metallurgical coal and high-grade lump iron ore with lower-cost alternative raw materials thanks to its unique chemistry and furnace design.

Typically, lignite (also known as brown coal) can't be used in traditional metallurgical applications such as the blast furnace due to its high moisture and volatile matter content.

Matmor's breakthrough lies in its ability to remove the moisture (via the Coldry technology) and harnesses the natural chemistry of lignite via a unique process and furnace design built around a fundamentally different chemical pathway to that of a Blast Furnace.

The value proposition for Matmor is characterised by two distinct advantages:

1) Alternative raw material opportunity - liberating and monetising the 'above ground ore body' and decoupling from coking coal

2) Lower plant cost

There exists a vast 'above ground ore body' in the form of iron ore mine fines and slimes, and industrial wastes such as mill-scale and nickel refinery tailings.

Current processes can't utilise iron-rich fines and wastes without expensive pre-processing.

Matmor liberates this typically stranded, 'waste' resource in an efficient, cost-effective manner, while simultaneously decoupling steelmaking from relatively expensive coking coal.

The Matmor plant, incorporating Coldry as its front-end raw material preparation stage, is up to 40% less capital intensive than an equivalent capacity Blast Furnace or Coal-based DRI plant.

Relatively low operating temperatures reduce the capital cost of plant and smaller equipment sizes, when compared to existing steel production processes, result in reduced land area requirements.

Matmor's efficient reaction kinetics result in lower reductant requirements when compared to Direct Reduced Iron (DRI) technologies.

Coldry

Coldry is a unique, zero-emission, lignite (brown coal) upgrading technology capable of producing a solid fuel for use in power generation, industrial thermal applications and as a feedstock to higher-value downstream applications such as coal to liquids, gas, fertiliser, chemicals, chars, activated carbon, hydrogen and steelmaking via the Matmor technology. Coldry solid fuel is significantly less CO2 intensive than lignite.

Matmor Pilot Plant - Basic Design

The image in link below shows the layout of the Matmor pilot plant.

The India project builds on the fundamental and applied research and development (R&D) conducted by the Company at its Australian test facility north west of Melbourne and seeks to scale up the Matmor technology from its current capacity of ~40kg per hour to ~2 tonnes per hour, ahead of a subsequent scale up to a commercial module.

ECT India Chairman and Managing Director Mr Ashley Moore commented, "We've worked with one of India's leading pyro-metallurgical engineers, MN Dastur, to deliver this design package and look forward to moving to tender following the signing of our Master Project Agreement, completion of funding arrangements and conclusion of the associated Coldry basic design package".

"The basic design package for the Coldry component of the project is also nearing completion. Largely derived from the work previously performed by Melbourne-based engineering firm Arup, it includes changes that cater for the input of multiple raw materials (iron ore and lignite) and integration with the Matmor technology platform."

Next Steps

The parties have spent the past several years developing the business relationships, funding and corporate/legal structure for the Project. As per recent announcements, the parties are poised to sign the Master Project Agreement (MPA) following completion of respective Board and Government approvals.

The MPA provides the framework for the broad commercial arrangements needed to execute the R&D project, including funding, technical development, engineering, construction, commissioning and operational R&D activities. Detailed agreements covering these matters will be negotiated after the MPA is signed. The MPA also clearly articulates the intent for the Intellectual Property generated in this R&D work to be utilised to underpin commercial projects, and sets the value sharing structure between the parties from the resulting projects.

The parties have jointly set the target to sign the MPA and achieve financial close by 30 June 2018.

BACKGROUND

Why Matmor? Why India?

The Challenge:

India's growth plans highlight complex challenges in the acquisition of suitable and sufficient raw materials to support its steel industry.

While domestic iron ore supplies could largely support national targets, India's domestic mines produce soft ore, which generate large quantities of fine material (small particle size) which are unsuited to blast furnace operations without expensive processing and upgrading.

Additionally, India's domestic coking coal supplies are virtually non-existent, and the rising cost of imported coking coal is driving the national security need to develop technologies that can mitigate the need to import coking coal.

Ministry of Steel Secretary, Ms Aruna Sharma recently stated, "We have to adopt a new technology to reduce use of coking coal in steel making as India and most of the Asian countries - minus China - do not have much coking coal reserves".

The Solution:

This project enables the Company to demonstrate its Coldry and Matmor technologies and deliver value to India by enabling the transformation of India's lignite and low-grade iron ore resources into feedstocks that will support national growth objectives.

For NLCIL & NMDC, the project represents the ability to transform low rank natural resources into higher value products that will support national growth objectives for energy and steelmaking as well as participate in future royalty sharing from income derived from the global deployment of ECT's technologies.

Upon successful completion of the R&D phase, 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 (8 August 2016) 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.

About the Project

The parties have agreed (subject to signing of the MPA) to the collaborative development of ECT's patented technologies, commencing with an integrated Coldry-Matmor pilot scale demonstration plant to be deployed in India within an existing NLCIL mine and power station complex located southwest of Chennai, the capital of Tamil Nadu State.

This is the largest R&D project ever undertaken by either NLCIL or NMDC and their first with an Australian company.

About the Parties

- ECT's project partners, NLCIL and NMDC, are 'Public Sector Undertakings' under the Ministries of Coal and Steel, respectively with a combined market value of ~A$11 billion.

- NLCIL is the largest integrated brown coal miner and electricity generator in India with current projects driving expansion into both traditional black coal power and renewable power generation nationwide.

- Their expansion target entails development of power generation capacity from the current level of 2,750 MW (e.g. similar size to the combined Loy Yang A & Loy Yang B system in Victoria, Australia) to 20,000 MW by 2025, highlighting the substantial role they will play in supporting India's growth objectives. For context, the capacity of Australia's National Electricity Market (NEM) is ~44,000 MW.

- NMDC is India's largest iron ore miner, with significant exposure across a number of other commodities. On track to achieve their short-term goal of 50 million tonnes per annum (MTPA) mining capacity in the iron ore sector, NMDC have commenced a program of vertical integration through the construction of a 3 MTPA integrated steel plant. For context, the entirety of Australia's Steel industry is ~6 MTPA.

The project, which features an integrated Coldry plant as the front-end raw material preparation stage, consists of an initial research and development (R&D) phase with an estimated Capex budget of ~A$35 million, to be located at NLCIL's existing mine and power station complex in Neyveli.

About ECT

ECT is in the business of commercialising leading-edge energy and resource technologies, which are capable of delivering financial and environmental benefits.

We are focused on advancing a portfolio of technologies, which have significant market potential globally.

ECT's business plan is to pragmatically commercialise these technologies and secure sustainable, profitable income streams through licensing and other commercial mechanisms.

About Coldry

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

About MATMOR

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

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

About the India R&D Project

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

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

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

NMDC Limited is India's national iron ore authority.

To view figures, please visit:
http://abnnewswire.net/lnk/Q1175G20 

Glenn Fozard
Chairman
Environmental Clean Technologies Ltd
E: info@ectltd.com.au
WWW: www.ectltd.com.au
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Cobalt Blue Holdings Limited (ASX:COB) LG Strategic Partnership Announced

March 22, 2018, 4:55 pm
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Cobalt Blue (ASX:COB) (OTCMKTS:CBBHF) is proud to announce a strategic First Mover partnership with LG International (LGI), the resources investment arm of LG Corporation, acting in cooperation with LG Chem.

- LG Chem is one of the largest lithium ion battery makers in the world. LG Chem possesses strong technical leadership in the development of next generation batteries, in particular for fixed storage and Electric Vehicles (EVs). LG Chem is one of the leading EV battery makers globally.

- Under the First Mover partnership LG will provide capital and technical assistance for Cobalt Blue to make a high purity battery grade cobalt sulphate.

- Cobalt Blue has executed a binding term sheet with LGI to raise gross proceeds of US$6.0m with the transaction to be completed by Monday 16 April 2018, subject to the requirements of the ASX Listing Rules and Corporations Act 2001 (Cth). COB will issue shares at A$1.10 per share (representing a 15% premium to the 30-day VWAP of A$0.954) for the number of shares equivalent to the USD/AUD conversion on the day when the funds are received in COB's nominated bank account. A maximum of 14,000,000 shares may be issued, as approved on 25 January 2018 by COB's members.

Cobalt Blue's Chief Executive Officer, Joe Kaderavek said:

" COB is excited to find a high quality partner in LG and assist them in sourcing long term supply of battery ready cobalt. The technical competence of LG business is world class and this partnership will add significantly to our project."

Cobalt Blue's Chairman, Rob Biancardi said:

" This is an important event for Cobalt Blue and it's shareholders. It demonstrates that the Thackaringa Project is unique and is one the most advanced Cobalt projects of its type in the world."

Harp Capital of Toronto is the advisor to Cobalt Blue.

Cobalt Blue - our market strategy

Our strategy is focused upon maximising the payable cobalt whilst participating in the strong growth of the lithium ion battery market. Unlike the traditional cobalt mining model, Cobalt Blue is an integrated refinery model delivering battery grade cobalt sulphate at a premium to the cobalt price.

Cobalt sulphate specifications, however, are evolving rapidly as a result of consumer demand. This segment is forecast to expand by >300% over the next decade and become one of the dominant drivers of the cobalt market. COB is seeking to produce premium cobalt sulphate that is suitable for tomorrow's battery requirements and we believe that LG Chem represents a strong partner in our story.

COB believes that the Thackaringa Cobalt Project will be in production at a point in time when the current suite of cobalt centred projects (predominantly out of Africa) will be at full production and an emerging deficit will begin to form.

About LG International (KRX:001120)

LG International executes resources investment strategy for the LG Group. Historically, LG International has specialised in global mining investment and operations. LG International has now extended its focus to include 'Green Minerals', the raw materials of lithium-ion battery construction such as cobalt, nickel and lithium. LG International operates in close cooperation with LG Chem to secure Green Minerals for the LG Group.

About LG Chem (KRX:051910)

LG Chem, Ltd. is Korea's largest diversified chemical company which operates three main business units: Petrochemicals, IT & Electronic Materials and Energy Solutions. The company was founded in 1947 and now employs over 29,000 staff globally. The chemical business manufactures a wide range of products, from petrochemical goods to high-value added plastics. It also extends its chemical expertise into high-tech areas such as electronic materials and lithium ion batteries. With over 20 years' experience of development and production of these batteries LG Chem has established themselves as one of the world's leading Lithium-ion manufacturers. The company is a primary supplier of lithium batteries throughout the world for the mobile phone and hybrid/ electric vehicle industries & Energy Storage System (ESS).

Thackaringa Project 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 Cobalt Project site and potential services are shown below. The site is situated close to Broken Hill and is well connected to existing transport routes including the Barrier Highway and the Intercontinental Railway. Availability of water and power supplies further support positive project economics.

To view figures, please visit:
http://abnnewswire.net/lnk/O07F51IX 

Joe Kaderavek
Chief Executive Officer
Cobalt Blue Holdings Limited
Ph: +61-2-9966-5629
Website: www.cobaltblueholdings.com
Email: info@cobaltblueholdings.com
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Alt Resources Ltd (ASX:ARS) Gold and Base Metals Intercepts at Myalla

March 22, 2018, 5:11 pm
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Alt Resources (ASX:ARS) ('Alt' or the Company) is pleased to announce that assay results have been returned for the recent Reverse Circulation (RC) drilling program at the Rock Lodge Prospect, Myalla, in southern NSW (see Figure 1 in link below). Individual assay results include up to 5.36 g/t Au, 55.6 g/t Ag, 0.12 % Bi, 0.81 % Cu, 1.56 % Pb and 1.46 % Zn across the project. Alt drilled 6 holes (MYRC001 to MYRC006) targeting mineralisation beneath historical workings and adjacent historical holes aiming to confirm significant intercepts (see Note below) from the 1980's. Alt's RC program represents the first modern exploration at the Rock Lodge Prospect in over 25 years.

Highlights

- Drilling results from the first modern RC program at Myalla Project, NSW

- Confirms extension of surface results and indicates extensive depth potential under historic workings

- Significant intercepts include:

o 3m @ 2.1 g/t Au, 3.7 g/t Ag and 174 g/t Bi

o 2m @ 2.7 g/t Au, 11.8 g.t Ag, 300 g/t Bi and 0.48% Cu

o 1m @ 5.4 g/t Au, 55.6 g/t Ag, 212 g/t Bi

o 1m @ 1.1 gt/t Au, 8.0 g/t Ag, 0.21 % Cu and 0.11 % Zn

o 2m @ 1.6 g/t Au, 9.5 g/t Ag and 903 g/t Bi

o 1m @ 1.4 g/t Au, 37.5 g/t Ag, 163 g/t Bi and 1.56 % Pb

o 1m @ 4.8 g/t Ag, 0.48 % Pb and 1.46 % Zn

o 1m @ 3.0 g/t Au, 11.4 g/t Ag and 685 g/t Bi

- Results reveal polymetallic system with possible IRG affinities, similar to Alt's nearby Paupong Project

- Alt to test deeper IP and EM targets with diamond drilling

Significant intercepts (see Table 1 in link below) include:

MYRC001: 3m @ 2.1 g/t Au, 3.7 g/t Ag and 174 g/t Bi from 17m

and 2m @ 2.7 g/t Au, 11.8 g.t Ag, 300 g/t Bi and 0.48% Cu from 62m

MYRC003: 1m @ 5.4 g/t Au, 55.6 g/t Ag and 212 g/t Bi from 40m

MYRC004: 1m @ 1.1 gt/t Au, 8.0 g/t Ag, 0.21 % Cu and 0.11 % Zn from 32m

MYRC005: 2m @ 1.6 g/t Au, 9.5 g/t Ag and 903 g/t Bi from 19m

and 1m @ 1.4 g/t Au, 37.5 g/t Ag, 163 g/t Bi and 1.56 % Pb from 23m

and 1m @ 4.8 g/t Ag, 0.48 % Pb and 1.46 % Zn from 57m

MYRC006: 1m @ 3.0 g/t Au, 11.4 g/t Ag and 685 g/t Bi from 38m

The system has been confirmed as polymetallic, with possible Intrusion-Related Gold System affinities given the presence of anomalous Bismuth in most holes (up to 0.12 % Bi in drillhole MYRC005). This is similar to Alt's interpretation for the nearby Paupong mineralised system, which is a greenfield's discovery by the Company with a footprint of approximately 8 x 4 km2 (see Figure 1 in link below). Paupong is characterised by a surface expression of gold-silver-bismuth (+/- copper, lead and zinc) bearing quartz veins, which have a regional association with anomalously mineralised intrusives.

Alt considers the results to be significant enough to expedite a deeper diamond drilling program to test IP and EM (induced polarisation and electro-magnetic) anomalies. These anomalies were identified in geophysical surveys undertaken in 2016-2017. Alt aims to undertake diamond drilling of these deeper targets late in 2018.

This style of system is generally broad, with the potential for large tonnage, low grade gold mineralisation, and has not previously been described for the Myalla region. Historically, mineralisation at the Rock Lodge and neighbouring Bobundara historical deposits was interpreted to be structurally controlled, vein-hosted gold and base metals.

The site is steep in places, therefore not all historical holes were able to be twinned. Holes were sited within 15m of historical holes (see Figure 3 in link below). In particular, drillhole MYRC005 was able to confirm the likely presence of historical intercept 4.03m @ 1.6 g/t Au in SGDH3 and was far enough away to provide the first meaningful information on mineralisation continuity and orientation. Information from these two holes reveals that gold mineralisation dips westerly at approximately 52 degrees (apparent dip within the section plane) and in this area at least, the true width of mineralisation is estimated to be 80% of downhole widths in vertical holes (see Figure 2 in link below; section B-B').

MYRC004 was drilled in the same orientation as mineralisation, therefore the multiple downhole intercepts of Zinc and Silver are likely to be from the same mineralised zone (see Figure 2 in link below).

The system at Rock Lodge appears to be geochemically zoned, with lead and particularly zinc anomalism to the east, and increasing gold and silver anomalism to the west, as shown on the sections above (see Figure 2 and 3 in link below). Geochemical and metal zoning is a common feature of IRG systems, and may indicate increasing proximity to a mineralising source in the west of the project area.

The geology of the Myalla Project, including Rock Lodge is dominated by a steeply folded sequence of siltstones with interbedded shales to the east, and increasing sandstone to the west. Feldspathic sandstone predominates further west, possibly indicating a volcanic component to those sediments (which supports the concept of an intrusive centre being the source of metals).

Note: See ARS Announcement, 20th February, 2018: http://abnnewswire.net/lnk/K8PMKAOW

To view tables and figures, please visit:
http://abnnewswire.net/lnk/E9YJ16I6 

James Anderson
CEO Alt Resources Ltd
E: james.anderson@altresources.com.au

Peter Taylor
Investor Relations
E: peter@nwrcommunications.com.au
M: +61-412-036-231
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Enice Holding Company Limited (ASX:ENC) Notice of Extraordinary Meeting - Scheme of Arrangement

March 23, 2018, 6:09 pm
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Enice Holding Company Limited (Incorporated in Hong Kong with limited liability) (ASX:ENC) NOTICE IS HEREBY GIVEN that an extraordinary general meeting ("EGM") of Enice Holding Company Limited (the "Company") will be held in Dentons Hong Kong LLP's office, Suite 3201, Jardine House, 1 Connaught Place, Central, Hong Kong on Wednesday, 11 April 2018 at 12 p.m.(Hong Kong time) (or as soon thereafter as the Court Meeting (as defined in the scheme of arrangement hereinafter mentioned) convened for the same day and place shall have been concluded or adjourned), for the purpose of considering and, if thought fit, passing the following resolution as a special resolution:

SPECIAL RESOLUTION

"THAT:

(A) the proposed scheme of arrangement (the "Scheme") between the Company and the holders of the Scheme Shares (as defined in the Scheme) in the form of the print thereof, which has been produced to this meeting and for the purposes of identification signed by the chairman of this meeting, or in such other form and on such terms and conditions as may be approved by the High Court of the Hong Kong Special Administrative Region, be and is hereby approved;

(B) for the purposes of giving effect to the Scheme, on the Effective Date (as defined in the Scheme):

(i) the issued share capital of the Company shall be reduced by cancelling and extinguishing the Scheme Shares;

(ii) the Company shall take all such steps as are necessary and required under the ASX Settlement Operating Rules to adjust the rights of the Scheme CDI Holders as if they were Shareholders, as a result of the cancellation and extinguishment of the Scheme Shares, including the cancellation and extinguishment of the relevant CDIs representing the Scheme Shares;

(iii) subject to and forthwith upon the said reduction of share capital taking effect, the issued share capital of the Company shall be increased to its former amount by the creation of such number of new Shares (as defined in the Scheme) as is equal to the number of Scheme Shares cancelled and extinguished; and

(iv) the Company shall apply the credit arising in its books of account as a result of the said reduction of capital in paying up the new Shares referred to in paragraph (iii) above in full at par and those new Shares shall be allotted and issued, credited as fully paid, to the Offeror.

(C) the directors of the Company be and are hereby authorised to make application to The Australian Stock Exchange (hereinafter called the "ASX") for the withdrawal of the listing of the Company's CDIs on the ASX, subject to the Scheme taking effect; and

(D) the directors of the Company be and are hereby authorised to do all other acts and things as considered by them to be necessary or desirable in connection with the implementation of the Scheme, including (without limitation) the giving of consent to any modifications of, or additions to, the Scheme, which the High Court of the Hong Kong Special Administrative Region may see fit to impose and to do all other acts and things as considered by them to be necessary or desirable in connection with the implementation of the Scheme and in relation to the Proposal (as defined in the document of which the notice of this resolution forms part) as a whole under the laws of the Hong Kong Special Administrative Region and the laws of Australia including the ASX Settlement Operating Rules ."

By Order of the Board

Yongjun Shen
Chairman and Executive Director
Hong Kong, 23 March 2018
Registered office:
27/F, Alexandra House
18 Chater Road, Central
Hong Kong SAR

Notes:

1. At this meeting, the chairman of this meeting will put the above resolutions to be voted by way of poll under Article 49 of the articles of association of the Company.

2. A white form of proxy for use at this meeting is enclosed.

3. A member of the Company entitled to attend and vote at this meeting is entitled to appoint one or more proxies (who must be an individual) to attend and vote instead of him/her. A proxy need not be a member of the Company.

4. In order to be valid, the white form of proxy together with any power of attorney or other authority (if any) under which it is signed, or a notarially certified copy of such power of attorney, must be deposited with the Company, at 27/F, Alexandra House, 18 Chater Road, Central, Hong Kong, not less than forty-eight (48) hours before the time appointed for holding this meeting or any adjournment thereof.

5. Completion and return of the form of proxy shall not preclude a member from attending and voting in person at this meeting and, in such event, the form of proxy shall be deemed to be revoked.

6. For the purpose of determining the entitlements of members to attend and vote at this meeting, the Company's register of members will be closed from 12 p.m. on Friday, 6 April 2018 to the day this meeting is concluded (both days inclusive) and during such period, no transfer of shares will be effected. In order to qualify to vote at this meeting, all transfers accompanied by the relevant share certificates must be lodged with the Company at 27/F Alexandra House, 18 Chater Road, Central, Hong Kong and/or Link Market Services Limited, the share registry of the Company in Australia, at 1A Homebush Bay Drive, Rhodes NSW 2138, not later than 12 p.m. (Hong Kong time) (i.e. 3 p.m. (Sydney time)) on Friday, 6 April 2018.

7. Where there are joint holders of any share in the Company, any one of such joint holders may vote at this meeting, either personally or by proxy, in respect of such share as if he/she were solely entitled thereto; but if more than one of such joint holders are present at this meeting personally or by proxy, the most senior shall alone be entitled to vote in respect of the relevant joint holding and, for this purpose, seniority shall be determined by reference to the order in which the names of the joint holders stand on the register of members of the Company in respect of the relevant joint holding.

8. Direct voting by holders of CDIs

Holders of the CHESS Depositary Interests ("CDIs") are invited to attend and speak at the EGM but are not entitled to vote personally at the EGM.

In order to have vote cast at the Meeting on their behalf, CDI holders must complete, sign and return the enclosed CDI Voting Instruction Form to Link Market Services Limited at 1A Homebush Bay Drive, Rhodes NSW 2138, Australia (fax number: +61 2 9287 0309) in order to direct CHESS Depositary Nominees Pty Ltd ("CDN") to vote the relevant underlying Ordinary Shares on his or her behalf. The CDI Voting Instruction Form needs to be received at the address shown on the Form by 12 p.m. (Hong Kong time) (i.e. 3 p.m. (Sydney time)) on Sunday, 8 April 2018, being not later than 72 hours before the commencement of the EGM.

CDI holders may complete, sign and return the enclosed CDI Voting Instruction Form online by visiting: www.linkmarketservices.com.au.

Alternatively, CDI Holders may request CDN to transfer the shares underlying the CDIs to the CDI Holders in order to vote personally.

9. If a tropical cyclone warning signal No.8 or above is expected to be hoisted or a black rainstorm warning signal is expected to be in force at any time after 7:00 a.m. on the date of this meeting, this meeting will be postponed. The Company will post an announcement on the respective websites of the Australian Securities Exchange and the Company to notify members of the date, time and venue of the rescheduled meeting.

To view the notice, please visit:
http://abnnewswire.net/lnk/H5Z3L486

To view the "Scheme of Arrangement", please visit:
http://abnnewswire.net/lnk/30G4WD2L
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Thomson Resources Ltd (ASX:TMZ) Promising Gold Intersections at Harry Smith Prospect

March 25, 2018, 3:42 pm
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Thomson Resources (ASX:TMZ) is pleased to announce that it has received highly encouraging gold assays from its first drill campaign at the Harry Smith gold project, 30km south of Ardlethan, NSW. Five holes for 558m were drilled near old workings along the 400m strike length of the known lode.

- Wide gold intercepts at shallow depths

- Up to 54m at 1.0 g/t gold from 8m depth down hole

- Includes higher grade up to 12m at 2.1g/t Au

- Further drilling strongly warranted

Gold intersections include -

- 7m at 1.3g/t Au from 128m depth (HSRC002)

- 13m at 1.2g/t Au from 87m depth (HSRC003)

- 54m at 1.0g/t Au from 8m depth (HSRC004)

o including 6m at 1.6g/t Au from 16m depth

o and 12m at 2.1g/t Au from 50m depth

- 1m at 4.3g/t Au from 37m depth (HSRC005)

- 10m at 0.7g/t Au from 56m depth (HSRC005)

- 5m at 1.2g/t Au from 59m depth (HSRC005)

Harry Smith Gold Prospect

At least two distinct gold-bearing quartz reefs occur at the Harry Smith prospect, termed here Golden Spray and Silver Spray (see Figure 1 in link below). The reefs were worked in three periods (1893-1902, 1911-1917 and 1937-1942) with a total recorded production of over 3,500 ounces of gold (Mines Record 2507). The first modern exploration was carried out by Shell Minerals (Higgins 1981) including drilling of 9 percussion holes in 1981. Several holes hit wide zones of mineralisation with the best intercept (PNG5, 46m at 1.3 g/t Au) drilled to the north of the Golden Spray workings.

The next important phase of exploration was carried out by Bolnisi Gold (Rangott 1996), who drilled 15 RC holes in 1995, recording numerous mineralised intercepts. In particular, the strong gold intercepts of GG95-2 (25m at 2.2 g/t Au from 16m depth) and GG95-13 (18m at 2.4 g/t Au from 73m depth) confirmed the potential of the Golden Spray area at the northwest end of the Harry Smith line of lode (see Figures 1, 2 in link below).

A review by Thomson concluded that the main Harry Smith - Golden Spray line of lode probably dipped steeply northeast, which differed from previous interpretations. The Company designed a program of southwest directed holes, in contrast to previous drilling which was directed northeast (see Figure 1 in link below).

The program was successful with all holes intersecting gold mineralisation. The northeast dip was confirmed at the Golden Spray end of the line of lode and additional gold was discovered to the northeast, notably in hole HSRC004 which recorded an intersection of 54m at 1.0 g/t Au from a depth of 8m. This intersection includes two higher grade zones - the deeper of which at 12m of 2.1 g/t Au corresponds to the northeast dipping Main line of lode. The shallower intercept of 6m at 1.6 g/t Au from 16m depth probably represents a separate splay zone.

The two other holes at Golden Spray confirmed the northeast dip of the Main line of lode with 13m at 1.2 g/t Au and 5m at 1.2 g/t Au. The higher grades (at ounces per ton gold) seen in the historic workings (Mines Record 2507) are probably confined to a high-grade shoot, which was not intersected in this program.

The picture at the southern end of the Harry Smith lode is more complicated with the intersection recorded in HSRC02 (22m at 0.5 g/t Au) considerably further west than anticipated. Further drilling is required both here and on the Silver Spray line.

The Golden Spray area will be the first priority for follow up, as it remains open along strike in both directions and at depth, with potential for multiple zones of mineralisation.

The Company considers that Harry Smith has good potential to generate significant open cuttable gold mineralisation as well as deeper high grade zones. Thomson will be prioritising this prospect for follow-up drilling which is anticipated to start in the second quarter of 2018.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/9VR344B0 

Thomson Resources Ltd
T: +61-2-9906-6225
E: info@thomsonresources.com.au
WWW: www.thomsonresources.com.au
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Fluence Corporation Ltd (ASX:FLC) Awarded Another Rural Wastewater Project in Guizhou Province, China

March 25, 2018, 4:06 pm
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Fluence Corporation Limited (ASX:FLC) (OTCMKTS:EMFGF) is pleased to announce that it has been awarded another contract to deliver its smart-packaged MABR technology solution (C-MABR), for a 1,000 m3/day wastewater treatment plant for the local government of Zhenfeng County, Guizhou province, China.

- Contract generated through repeat customer Jinzi

- Builds on original six C-MABR order under Jinzi's framework agreement

- Fast commissioning time helps secure contract win

The contract was generated through Fluence's local partner in China, Jiangsu Jinzi Environment Company (Jinzi), and is in addition to the order for six C-MABR plants under the companies' November 2017 framework agreement.

Fluence's technology will treat rural wastewater for the Zhenfeng County government utilising the company's C-MABR solution, which consistently meets China's Class 1A effluent standards. In addition to its state-of-the-art technology, Fluence was awarded the contract as a result of fast commissioning - delivery of the entire C-MABR plant, including tertiary treatment and supply of auxiliary supporting equipment, is scheduled to take place in just five weeks.

Commenting on this new contract in China, Fluence Managing Director & CEO Henry Charrabé said: "We are proud of our partnership with Jinzi and are happy to see our collaboration grow in China. Once again, we see that Fluence's C-MABR solution is well-suited for the rural Chinese wastewater treatment market, and we believe we are ideally positioned to capture a significant share of this market. Our ability to rapidly deliver reliable and cost-effective wastewater treatment solutions is recognised by clients and partners and was a key factor in this new contract award."

Commenting on this project, Jinzi Managing Director Xie Xiaodong said: "Jinzi is successfully expanding its wastewater business across China. We are confident that together with Fluence Corporation, we will continue our rapid growth in the environmental services industry. We have partnered with Fluence as we believe that their MABR technology will be widely applied to rural wastewater treatment in China in the near future. I hope that based on our concept of win-win cooperation, Fluence and Jinzi will have a broad, long-term and strategic cooperation in China rural wastewater treatment."

Fluence's C-MABR unit features modular engineering for quick and easy deployment, even in remote areas, energy-saving features and remote monitoring for ease of operation and maintenance. When completed, this Fluence C-MABR project will be part of the largest rural wastewater project in Zhenfeng county, Guizhou province, China. 

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
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)
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White Rock Minerals Ltd (ASX:WRM) Entitlement Offer Prospectus

March 25, 2018, 4:07 pm
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White Rock Minerals Ltd (ASX:WRM) provides the Company's Entitlement Offer Prospectus. A non renounceable entitlement offer of New Shares on a 1 for 3 basis at an issue price of $0.01 per New Share and New Options on the basis of 1 for every 2 New Shares (exercisable at $0.02 expiring 26 March 2021), with the ability to apply for additional New Shares and New Options.

Chairman's Letter

On behalf of the Board of White Rock Minerals Limited (White Rock), it is my pleasure to invite you to participate in a pro rata, non-renounceable entitlement offer of 1 new fully paid ordinary share in White Rock (New Shares) for every 3 Shares held by you on the Record Date (7.00 pm (Melbourne time) on 3 April 2018) at an issue price of $0.01 (1 cent) per New Share together with 1 for 2 new options for every New Share exercisable at $0.02 (2 cents) expiring 26 March 2021 (New Options) (together Entitlement Offer) to raise up to $3,570,261 (before costs).

On 21 March 2018, White Rock announced an equity raising of up to $5.2 million, comprising a placement to certain institutional and sophisticated investors to raise approximately $1.6 million (Placement) and the Entitlement Offer (together, the Equity Raising). The Placement is expected to complete on 27 March 2018. This Entitlement Offer Prospectus relates to the Entitlement Offer.

Funds raised from the Equity Raising (after costs) will be used to fund White Rock's exploration activities at its globally significant high-grade zinc VMS Red Mountain Project in Alaska and for general working capital purposes.

Overview of Entitlement Offer

The Entitlement Offer is being made to all eligible shareholders (Eligible Shareholders) who are registered as a holder of White Rock Shares as at 7.00 pm (Melbourne time) on 3 April 2018 (Record Date).

Each Director who holds shares in White Rock, or controls an entity that holds shares in White Rock, has indicated that they intend to participate in the Entitlement Offer.

Under the Entitlement Offer, Eligible Shareholders have the opportunity to subscribe for 1 New Share for every 3 Shares of which they are the registered holder at 7.00 pm (Melbourne time) on the Record Date at an issue price of $0.01 (1 cent) per New Share and 1 for 2 New Options for every New Share exercisable at $0.02 (2 cents) expiring 26 March 2021 (Issue Price). The Entitlement Offer is non-renounceable. Eligible Shareholders are also invited to apply for additional New Shares and 1 for 2 New Options in excess of their entitlement under the Top-Up Facility if there is a shortfall between applications received from Eligible Shareholders and the number of New Shares and New Options proposed to be issued under the Entitlement Offer.

DJ Carmichael Pty Limited is acting as the lead manager and underwriter to the Entitlement Offer (Lead Manager or Underwriter). The Lead Manager has underwritten the Entitlement Offer to the first $1,600,000. The directors have reserved the right to place any shortfall within 3 months of lodgement of this Prospectus.

The Issue Price represents a discount of:

- 33% to the price of White Rock shares as at the close of trading on 16 March 2018, being the last day of trading of White Rock shares before the Entitlement Offer was announced; and

- 25% and 22% to the 15 trading day and one month volume weighted average price (VWAP) respectively of White Rock shares prior to the announcement of the Entitlement Offer.

Further information about White Rock is also contained in the Investor Presentation in connection with the Equity Raising, which was released to the ASX on 21 March 2018. A copy of the Investor Presentation is available from the ASX website (www.asx.com.au) and on White Rock's website (www.whiterockminerals.com.au).

Underwriting Arrangements

The Entitlement Offer is lead managed and underwritten by the Lead Manager pursuant to an underwriting agreement dated 20 March 2018 (Underwriting Agreement). Further details regarding the underwriting arrangements are set out in Sections 3.3 and 7.17.

Action you should take

The Entitlement Offer is currently scheduled to close at 5.00 pm (Melbourne time) on 19 April 2018. If you wish to subscribe for New Shares, you must ensure that your application and payment is received by this time in accordance with the instructions set out in Section 3.4.

This Entitlement Offer Prospectus contains important information regarding the Entitlement Offer, and I encourage you to read it carefully before making any investment decision. If you have any questions, you should consult your financial or other professional adviser.

For any enquiries please call Security Transfer Australia Pty Ltd as Share Registry on +61 8 9315 2333, or contact your stockbroker, accountant or other professional adviser.

To view the full Entitlement Offer Prospectus, please visit:
http://abnnewswire.net/lnk/LG48M9J1

To view Entitlement Offer - Information for Optionholders, please visit:
http://abnnewswire.net/lnk/1B1IBWC1

To view Entitlement Offer - Information for Shareholders, please visit:
http://abnnewswire.net/lnk/5YGPVDTG 

White Rock Minerals Ltd
WWW: www.whiterockminerals.com.au
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YPB Group Ltd (ASX:YPB) Partners with Australian Made

March 25, 2018, 4:47 pm
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Brand Protection and Consumer Connection solutions company YPB Group Ltd (ASX:YPB) has signed a MOU with the Australian Made Campaign to offer its full PROTECT DETECT CONNECT product suite to Australian Made licensees. This collaboration is effective immediately and has no fixed term. Under the agreement Australian Made commits to (amongst other things) recommend YPB's solutions to its 2700+ licensees.

- YPB to PROTECT Australian Exporters from fakes and help CONNECT to end consumers

- MOU gives YPB access to Australian Made's 2700 Licensees

- Opens potentially high-volume web-sales channel with shorter sales cycle and accelerated market penetration

Australian Made has been helping Australian Brands certify their products as 'Australian made' for over 30 years. The familiar green and gold kangaroo Australian Made logo was first launched by Prime Minister Bob Hawke in the late 1980's and has become a trusted mark for manufacturers and consumers alike of authentically Australian products.

Australian Made has long recognised the flourishing export opportunity for Australian exporters to Asia comes with high counterfeit risk. Strategies to preserve the integrity of both the Australian Made logo and that of individual brands is a vital element of a well-executed Asian export strategy. YPB's PROTECT and DETECT anti-counterfeit solutions provide forensic level security at low cost to minimise brand damage and consumer harm.

In addition, YPB CONNECT consumer engagement software enables brands to leverage their investment in packaging to both build detailed profiles of otherwise invisible and unknowable consumers and, more importantly, to operate a personalised, digital marketing channel directly to the consumer's smartphone. The effectiveness of this channel at minimal cost is substantially greater than other marketing spend.

Information about YPB's products will be available via the Australian Made website (www.australianmade.com.au). This will be YPB's first online referral portal with the potential to reach 2,700+ Australian Made licensees and over 20,000 individual products. This development is expected to contribute to shortened sales cycles and accelerated market penetration when launched.

YPB's solutions include the soon to be released revolutionary protected QR code, 'PROTECTcode'. QR codes dominate e-commerce in Asia, particularly in China, making them effectively mandatory for exporters to Asia. In addition to being the dominant and convenient entry point for an online relationship with the consumer, QR codes provide a further layer of product integrity via individual item serialisation.

Unfortunately, QR codes have a fatal flaw in that they are easily copied and this is proving a growing problem in China. YPB's PROTECTcode will incorporate forensic level confirmation of authenticity. In H2 2018, a major breakthrough in mass-market forensic confirmation of authenticity via consumer smartphone, believed to be a world first, is due for release based on YPB's recently acquired Motif Micro technology.

YPB expects this partnership with Australian Made to deliver a moderate revenue contribution in 2018 with the potential to become a major revenue contributor in subsequent years. (see Note below)

Ian Harrison, CEO of Australian Made Campaign Ltd (AMCL), said: "Australian Made is pleased to be working with YPB to provide our licensees with access to leading brand protection technology. As product copying and brand appropriation become a global market issue, it is important that Australian producers adopt appropriate technology that will help ensure supply chain integrity and combat counterfeiting, both in Australia and overseas. Combining the Australian Made logo with technological solutions can contribute to product and brand integrity."

YPB Executive Chairman John Houston said: "This partnership with Australian Made is clear evidence of the growing recognition by Australian brands of the need for active protection for exporters from the risk and cost of counterfeit. The potential damage to 'Brand Australia' from fakes is enormous as various food scandals, particularly in China over the last ten years, demonstrate. The fact that YPB is also able to CONNECT Australian brands with their end consumers while protecting against counterfeit is a complete and powerful solution. Our web-sales channel is an important leg in accelerating our market penetration. Our ambition is to become a mission critical partner of every Australian consumer brand exporting to Asia and look forward to working with Australian Made to achieve that goal."

Note: YPB's expected revenue bands:

- Modest revenue contribution:
- Moderate revenue contribution: > AUD100K
- Major revenue contribution: > AUD1m per annum 

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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Australian Bauxite Ltd (ASX:ABX) Backs the ALCORE Project to Refine Aluminium Fluoride from Bauxite

March 25, 2018, 5:09 pm
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Bauxite producer, Australian Bauxite Limited (ASX:ABX) (ABx) has made significant progress with its ALCORE project which is the development of bauxite beneficiation and refining technology to produce the highvalue Aluminium Fluoride used in aluminium smelters and Lithium Ion batteries. ALCORE will also produce Corethane ultra-pure hydrocarbon that can substitute for natural gas, diesel, heating and industrial applications. ALCORE's progress is meeting the schedule announced to the ASX on 13th November & 11th December 2017.

Highlights: Australian Bauxite's ongoing R&D and bauxite beneficiation program is bearing fruit.

- Engineering and cost study completed on 28 February for the Stage 1 ("EV Plant") has been accepted by the Board of Directors of Australian Bauxite Limited

- Cost estimate of Stage 1 has reduced by more than 50% to between $5.5 and $6.5 million depending on success rates and testing of co-products including Corethane and/or graphite

- Further cost reductions are possible and are being pursued aggressively

- Cost reductions arose from:

1. Simplification of the technology to make it robust (patent appln 5th June 2017)

2. Lower cost of modern high-technology alloys that suit the reagents being used

3. Suppliers routinely manufacture the reactors used in ALCORE

Now that an updated design and budget has been achieved, and subject to regulatory, statutory and shareholder approvals as required, the following is being undertaken:

- Discussions with governments and agencies are progressing at the highest levels

- Companies that showed strong interest in both the Aluminium Fluoride and the main coproducts Corethane and silica fume will be consulted

- $1 million of funding has already been promised by a party that will provide services to ALCORE, subject to acceptance of the budget which is based on maximum cost-efficiency

- Parties interested in investing in and/or supporting ALCORE will be consulted with a view to determining the optimum investment structure

- An advisory committee will be assembled to recommend the investment structure terms, with a priority to avoid significant capital raising by ABx which has always been ABx policy

- The Stage 1 project has commenced with quotations for construction and securing the site in Berkeley Vale, NSW and the required approvals to do this Stage 1 testwork

- Funding arrangements for Stage 1 will be finalised by 30 June 2018

- Funding proposals under consideration include an eBOOT method whereby an engineering firm would part-fund Stage 1 evaluations of the ALCORE process and if satisfied, will Build, Own, Operate & Transfer the large bauxite refinery production plant to ALCORE

ABx CEO, Ian Levy said; "ALCORE is looking more exciting at every stage and would increase the profits from our very clean type of bauxite by a factor of 10 to 30 times. It's a game-changer."

The current ABx group available cash is A$1.58 million. ABx has sales revenues pending and unused lines of credit for working capital if required and has no current plans for capital raisings.

Recent Progress

1. Stage 1: Engineering Validation Stage ("EV Plant") designed and costed

ABx received its commissioned engineering, design and costing study on schedule on 28 February 2018 for Stage 1 of the ALCORE project, designed to generate bulk samples to be tested and validated by ALCORE's prospective customers for:

a. High density Aluminium Fluoride (AlF3)

b. Corethane (ultra pure hydrocarbon fuel) and

c. Silica Fume.

The Stage 1 EV Plant which is to be constructed in mid-2018 and work has commenced.

The chemical process was patented on 5th June 2017.

2. Financing Plans

Financing plans are to be finalised before the end of the fiscal year 30 June 2018 but $1.2 million has already been offered by sophisticated investors and a party that will supply services to ALCORE, subject to documentation of the final plans, now that the budget has been updated.

ABx has been approached by three parties involved in the Aluminium Fluoride industry to discuss future sales. All three are interested in providing finance for the Stage 2 construction of the 50,000 tonne per year production plant, subject to offtake agreements. One has expressed interest in providing part-finance for the Stage 1 EV Plant, should it be required.

A third party is seeking access to the EV Plant for the purification of graphite on terms that may supply one-third of the cost of the EV Plant during its 12 to 18 months of testwork.

Discussions are continuing with Federal and State Government ministries and with a government authority. These discussions will continue in 2018 and become quite specific once the Stage 1 process makes its first samples of final products.

ABx presented its plans to the Bell Bay Manufacturing Precinct Sub-committee in Tasmania in December 2017 and that committee has expressed support for the ALCORE development to government authorities.

3. Expressions of Interest in Coproducts Corethane and Silica Fume

ABx has been approached by two major companies seeking negotiations for access to two of the major co-products from the ALCORE production plant, namely Corethane and Silica Fume.

In addition, ABx has made presentations to two other possible customers for Corethane and to one large electricity generation company with spare gas turbine capacity.

Corethane is a high-efficiency fuel for gas turbine electricity generators and can also be used to provide high-energy, low emission heat for several industrial applications. It can be used as a chemical reductant in the manufacture of metals, including ultra-pure silicon metal for electronics.

Silica Fume is a rapidly growing industry, being an amorphous, micro-fine form of silica (SiO2) that is increasingly used in making high strength concrete (complementing ABx's existing marketing of its cement-grade bauxite) and CO2-free geopolymer cements. Silica fume from the ALCORE process is an ultra-pure micron-sized powder with many other applications, including high purity glass, silicon metal and photovoltaic solar panels.

4. Expressions of Interest in Gas Turbine Electricity Production using Corethane

ALCORE officers and ABx management are in discussions with a state-of-the-art developer of robust gas turbines that are already generating electricity from fuels less refined than Corethane. Robust turbine technology would allow ALCORE's production plant to make its own electricity immediately if required, thus minimising start-up risks.

OTHER BUSINESS MATTERS

ABx remains focussed on its bauxite project businesses.

Emphasis on bauxite sales continues for ABx

In the short-term, sales of bauxite remains ABx's highest priority and there are significant opportunities arising in the traditional bauxite markets during 2018 when many major bauxite supply contracts are up for renewal and political instability in other countries are reminding customers of Australia's reputation for reliable supply.

Binjour Project in QLD Under Economic Assessment

Considerable progress is also being made on the feasibility study for the Binjour project located inland from Port of Bundaberg, central Queensland. Three major bulk samples were collected in December 2017 and physico-chemical tests were conducted in 5 laboratories in Queensland, Western Australia and India. And independent expert's report on the characterisation of Binjour bauxite was produced for presentations to prospective customers.

Research and Development on White Bauxite From Penrose Quarry

Staff have conducted significant R&D laboratory work on the special low-iron bauxite from ABx's Penrose project in NSW, located 90km inland from Port Kembla. A prospective customer has visited Australia to progress a business plan for exploiting this project on a low-tonnage, high value basis which would be an ideal development for this project located in a state owned pine plantation where harvesting will commence in the next few years.

To view figures, please visit:
http://abnnewswire.net/lnk/9J6065U7 

Ian Levy
CEO and MD
Australian Bauxite Limited 
T: +61-2-9251-7177
M: +61-407-189-122
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Cryptocurrency Exchange Binance.com (CRYPTO:BNB) Lists Wancoin (CRYPTO:WAN)

March 25, 2018, 5:10 pm
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Cryptocurrency Exchange Binance.com (CRYPTO:BNB) advise that WAN/BNB (CRYPTO:WAN), WAN/BTC and WAN/ETH trading pairs are now available on Binance for trading. You can start depositing WAN to your account now.

Wanchain is creating new distributed financial infrastructure. Cross-chain smart contracts built on Wanchain will power the new digital economy;

Wanchain is not merely a universal cross-chain protocol, it is a distributed ledger that records cross-chain and intra-chain transactions;

The ledger not only supports smart contracts, but also supports privacy protection.

From March 24, 2018,Please ensure that you are depositing WAN that are native to Wanchain's own mainnet blockchain. Binance do not accept any WAN tokens that are ERC20 based. Please do not send ERC20 WAN tokens to your WAN deposit address.

Max Supply: 210,000,000 WAN

Circulating Supply: 107,100,000 WAN

Issue Price: $0.3400

To view the Whitepaper, please visit:
http://abnnewswire.net/lnk/06DQTP1T 

Telegram: http://t.me/WanchainANN
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YPB Group Ltd (ASX:YPB) Resumes Trading Following Capital Raise and Important Strategic Partnerships

March 25, 2018, 6:32 pm
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Brand Protection and Consumer Connection solutions company YPB Group Ltd (ASX:YPB) will lift its voluntary suspension and resume trading on the ASX today following the conclusion of two highly strategically important partnerships.

- $1.087m raised in s708 Placement to sophisticated investors

- AliHealth partnership to drive profitability of YPB's China business

- Australian Made partnership to drive scale and profitability of YPB's Australian business

- These two partnerships evidence the significant progress made recently in the business

The first is with AliHealth, a subsidiary of Alibaba Group, appointing YPB as an Independent Software Vendor (ISV) of the AliHealth supply chain traceability platform for the China market. YPB is the first commercial company to be appointed as an ISV by AliHealth. This opportunity charts a clear path to profitability for YPB China by expanding the China-specific product suite and broadening the potential client pool due to the prominence and reputation of AliHealth's parent company.

YPB's other very important strategic partnership is with the Australian Made Campaign to offer its full PROTECT DETECT CONNECT product suite to Australian Made's 2700+ licensees. Information about YPB's products will be available via the Australian Made website (www.australianmade.com.au) from May 2018. This will be YPB's first online referral portal with the potential to reach 2,700+ Australian Made licensees and over 20,000 individual products. This development is expected to contribute to shortened sales cycles and accelerated market penetration and has the potential to drive significant scale and profitability in YPB's Australian business.

Capital raise completed

YPB advises that it closed its recently announced capital raise as at close of business on Friday 23 March 2018. The Company successfully raised $1,087,000 at $0.035 per share and as a result approximately 31m new shares will be issued to both new and existing sophisticated investors. The issuance of the shares will be finalised by 28 March and will be from the Company's capacity under Listing Rule 7.1. Funds raised will be utilised for the ongoing development of the Motif Micro technology and general working capital.

YPB Executive Chairman John Houston said: "These two partnerships are the most valuable YPB has achieved in its short life. Both have the potential to allow the business to scale far more rapidly than has been the case to date and their profit impact is expected to be significant. They are reflective of the progress we have made since I resumed operational leadership in July 2017 and we expect to demonstrate further progress over coming months and to hit our $5m pre-tax profit target for 2018. I am grateful for the ongoing support of our shareholders and stockbroking colleagues and anticipate this period of reliance on new equity drawing to a close." 

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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Cryptocurrency Exchange Binance.com (CRYPTO:BNB) Lists Qlink (CRYPTO:QLC)

March 26, 2018, 3:56 pm
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Cryptocurrency Exchange Binance.com (CRYPTO:BNB) advise that QLC/BTC (CRYPTO:QLC) and QLC/ETH trading pairs are now available on Binance for trading. You can start depositing and trading QLC now.

2.3 billion people have become increasingly dependent on mobile networks to be connected across the globe. But there are lots of problems on the current network. For example, unbalanced allocation of infrastructures, wasted bandwidth, lack of content awareness, rigid payment system, and an overall lack of trust and privacy protection. We believe centralized operation caused the pain.

The solution? QLC Chain. QLC Chain is the first decentralized mobile network powered by the blockchain. The features of the QLC Chain project include:

QLC Chain: A public blockchain that is the foundation of the decentralized mobile network operating system

QLC hardware: Personal WIFI & LTE router that function as full nodes of QLC Chain.

dApp ecosystem: Developers will have the ability to create unique applications on top of the QLC Chain

QLC token (QLC): Value transfer within the ecosystem. All purchases of network services are made with QLC.

We have launched decentralized VPN and decentralized Wi-Fi sharing dApp and they are available to download on Qlink Github.

Max Supply: 600,000,000 QLC

Circulating Supply: 240,000,000 QLC

Issue Price: $0.1250

To view the Whitepaper, please visit:
http://abnnewswire.net/lnk/4OJ21O37 

Email: pre-sale@qlink.mobi
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Intermin Resources Limited (ASX:IRC) Teal Gold Mine - Production Guidance Upgraded

March 26, 2018, 4:39 pm
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Intermin Resources Limited (ASX:IRC) ("Intermin" or the "Company") provides the following operational update from Intermin's 100% owned Teal Gold Mine, located 11km north west of Kalgoorlie-Boulder in Western Australia (see Figure 2 in link below).

HIGHLIGHTS

- Mining operations at Teal Stages 1 and 2 now complete with 230,000t of oxide and transitional ore at a claimed grade of 3.2g/t Au for 23,500 ounces mined

- Ore grade in line with the Reserve model, tonnage and metallurgical recovery above Feasibility Study estimates to date(see Note 1 below)

- Production guidance for the combined stages increased to 21,000 - 22,000 ounces at original All In Costs (AIC) guidance of A$1,000 - A$1,100 per ounce(see Note 1, 2 below)

- Second milling campaign at the Lakewood toll milling facility completed successfully with 26,600dt milled at a reconciled grade of 3.5g/t Au

- Reconciled gold production of 2,910 fine ounces at an improved 97.2% recovery with A$4.9m in gross revenue received at an average gold price of A$1,684/oz

- Completion of the final milling campaign expected in the current March Quarter 2018(see Note 1 below)

- Production and financial reconciliations for both stages of the pit expected in the June Quarter 2018(see Note 1 below)

Commenting on Teal, Intermin Managing Director Mr Jon Price said:

"While the project has not been without its challenges, Teal has more than delivered on its promises and it is extremely pleasing to see the mine perform well against Feasibility Study estimates."

"The Company is now in a strong position to fund an aggressive growth strategy. In 2018 this growth strategy means resource growth and new discoveries in one of the most productive goldfields in the world. We now look forward to delivering ongoing results from the 55,000m drill program underway and believe the key Anthill, Blister Dam and Teal project areas have the potential to deliver a significant step change for the business."

Overview

With the pre-strip complete at Teal Stage 2 in the December Quarter 2017, the focus to date has been on completion of ore mining from both Stage 1 and Stage 2 of the pit. As the pit progressed to the end of the design life, additional ore was identified within and below the design and was mined out where possible (see Figure 1 in link below).

On 10 March 2018, the final load of ore was hauled to the ROM pad and mine closure activities commenced.

In total, 230,000t of ore has been mined grading 3.2g/t for 23,500 ounces mined within a total volume of 2.21M bcm. This compares favourably with the 203,000t grading 3.2g/t Au for 20,700 ounces mined within a total volume of 2.11M bcm estimated in the Feasibility Studies for both stages.(see Note 1 below)

Based on the additional tonnage, expected grade and improved recovery from the operation, the Company has increased production guidance to 21,000 - 22,000 ounces with an All In Cost of A$1,000 - A$1,100 per ounce.

The second ore processing campaign at the 1Mtpa Lakewood toll milling facility (see Figure 2 in link below) was completed successfully and ran for 17 days up until 4 February 2018. Full reconciliations have been compiled with 26,632 dry tonnes of ore milled at a final calculated head grade of 3.5g/t Au. Plant metallurgical recovery exceeded expectations at 97.2% producing 2,910 fine ounces of gold. Average gold price received for the campaign was A$1,684 per ounce, generating A$4.9m in gross revenue.

The final milling campaign will be completed in March 2018 with expected treatment of approximately 50,000t. Final production and financial reconciliations are expected in the June Quarter.(see Note 2 below)

Notes:

1 As announced to the ASX on 6 July 2016 and 6 September 2017

2 See Forward Looking and Cautionary statement on Pages 3 and 4

To view figures, please visit:
http://abnnewswire.net/lnk/3LB9UG30 

Jon Price 
Managing Director
Tel: +61-8-9386-9534
E: jon.price@intermin.com.au

Michael Vaughan
Media Relations - Fivemark Partners
Tel: +61-422-602-720
E: michael.vaughan@fivemark.com.au
↧
Search

Alt Resources Ltd (ASX:ARS) Multiple High-Grade Gold Intercepts at Emu Deposit, Bottle Creek Gold Project, WA

March 26, 2018, 6:30 pm
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Alt Resources Ltd (ASX:ARS) (Alt or 'the Company') is pleased to provide the initial results of the first RC drilling program to be undertaken at the Bottle Creek Gold Project since 1988. Alt commenced drilling at the Emu Deposit, Bottle Creek, on the 12th March, 2018. Initial assay results from the first 10 holes drilled, have returned grades up to 21.8 g/t Au (see Note 1 below), alongside broad, consistently graded zones such as 23m @ 3.99 g/t Au (see Note 2 below).

HIGHLIGHTS:

- First 750m of assays received from RC drilling at Bottle Creek returns multiple high-grade gold intercepts at Emu Deposit

- Grades up to 21.8 g/t Au intercepted

- Significant intercepts include:

o 20m @ 4.1 g/t Au, including 7m @ 7.8 g/t Au

o 23m @ 4.0 g/t Au

o 21m @ 3.1 g/t Au, including 9m @ 5.4 g/t Au

o 26m @ 2.3 g/t Au, including 7m @ 7.1 g/t Au

o 8m @ 4.7 g/t Au

o 7m @ 3.0 g/t Au

o 16m @ 2.8 g/t Au

o 9m @ 2.8 g/t Au

o 14m @ 1.4 g/t Au

o 13m @ 1.5 g/t Au

o 12m @ 1.1 g/t Au

- Results demonstrate continuity and width of gold grade at Bottle Creek

- 3,000m of 7,000m RC program completed, ahead of schedule and on budget

- Resource modelling to proceed concurrently as results received

Alt CEO James Anderson commented; "It is fantastic to get these results coming out of Bottle Creek after the many months of preparation. I think our shareholders will be impressed especially when all your initial drillholes from an RC program intercept gold grades and widths like this. Bottle Creek is a quality project and we are confident it will continue to provide similar results as we progress the drilling programs over the next few months".

This drilling represents the first modern exploration to be undertaken at the Bottle Creek Gold Project since 1988, and provides further confirmation of the historical data compiled and reviewed by the Company over the past 6 months.

Alt aims to provide a JORC compliant resource for the Bottle Creek Project on the completion of current drilling programs.

Strike Drilling have been onsite at Bottle Creek since the 12th March 2018, drilling continuously and are ahead of schedule (see Figure 1 in link below). Alt has a further 1,000m of assays pending from ALS Laboratories in Kalgoorlie, with an additional 1,000m of samples to be delivered this week.

Figure 2 (see link below) shows the location of new drillholes discussed in this release, with newly interpreted geology based on Alt's recent activities and drilling. Relevant sections are given in Figure 2 and 3 (see link below), showing the broad intercepts through the mineralised zone and a strong association between mineralisation and a distinctive black shale unit (also noted by historical explorers) within the host quartz porphyry.

Significant intercepts from Alt's drilling to date at the un-mined Emu deposit are listed in detail in Table 1 (see link below), and include:

o EMAC001: 20m @ 4.1 g/t Au from 40m

-- including 7m @ 7.8 g/t Au from 47m

o EMAC002: 14m @ 1.4 g/t Au from 19m

o EMRC003: 23m @ 4.0 g/t Au from 31m

-- including 1m @ 10.2 g/t Au, 55 g/t Ag from 71m

o EMRC004: 16m @ 2.9 g/t Au from 58m

o EMRC005: 12m @ 1.1 g/t Au from 5m

-- and 1m @ 5.2 g/t Au from 33m

o EMRC006: 7m @ 3.0 g/t Au from 28m

-- and 8m @ 4.7 g/t Au from 41m

o EMRC007: 21m @ 3.1 g/t Au from 43m

-- and 9m @ 5.4 g/t Au from 46m

o EMRC008: 13m @ 1.5 g/t Au from 17m

o EMRC009: 26m @ 2.3 g/t Au from 33m

-- including 7m @ 7.1 g/t Au from 45m

-- including 1m @ 21.8 g/t Au from 48m

o EMRC010: 9m @ 2.8 g/t Au from 69m

Regional Setting and Exploration History

The Bottle Creek gold mine lies 100 km north east of Menzies in the Mt Ida gold belt (see Figure 4 in link below). The gold mine is located on the northern extremity of the Mt Ida-Ularring greenstone belt extending from Davyhurst to Mt Alexander (see Figure 4 in link below). The Ularring greenstone belt forms the western part of the Norseman-Wiluna Province of the Yilgarn Craton. The location of mineralisation and local geology, is shown in Figure 5 (see link below).

During historical operation from 1988-1989, 90,000 oz Au was produced from two open pits (Boags and VB; see Figure 6 in link below). Significant historical drilling along a 9.8 km strike outlined the Emu, Southwark and XXXX deposits. However these were never mined. The historical RC drill fences were spaced at 100m, with infill drill line spacing at 50m and 25m at various locations. The majority of drilling targeted oxide mineralisation and reached no deeper than 80m vertically below surface.

Alt's new drilling provides confirmation of historical intercepts, improves confidence in historical data, proves the continuity and grade of mineralisation in key parts of the Emu deposit and will ultimately target untested extensions to known mineralisation.

Notes:

1 From drillhole EMRC009, 48-49m

2 From drillhole EMRC003, 31-54m

To view tables and figures, please visit:
http://abnnewswire.net/lnk/7YK222BC 

James Anderson
CEO Alt Resources Ltd
E: james.anderson@altresources.com.au

Peter Taylor
Investor Relations
E: peter@nwrcommunications.com.au
M: +61-412-036-231
↧

EON NRG Ltd (ASX:E2E) Nevada Cobalt Prospect Update

March 26, 2018, 7:23 pm
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Eon NRG ("Eon" or the "Company") (ASX:E2E) (OTCMKTS:ICRMF) advises that its geologist is in the field conducting further reconnaissance work on and around the Company's existing claims in Nevada's Basin and Range Province, as well as evaluating other promising prospects in the region.

This work forms part of the company's strategy to accumulate and explore prospective resources in areas that have sound geological basis for potential discoveries. Historical success in the discovery of minerals in and around the pegged load claims also supports the locations that have been staked.

The mineral rich area is composed of a geologically complex suite of igneous, metamorphic, and sedimentary rocks. In addition to the complex geology in the area an active hydrothermal system beneath the claims may enhance mineralization along active outcropping faults.

Cobalt and battery metals division

Eon's battery minerals division has commenced cobalt exploration as part of its diversified energy strategy. It plans to acquire additional prospective claims in Nevada and other cobalt prospective regions in the USA to provide a solid platform for future potential economic discoveries.

The diversification of the future energy market is predicted to see a sustained demand for battery metals. Eon's participation in this part of the energy market is seen as an extension of its existing energy business which has been focused on hydrocarbon discovery and extraction.

Further results will be reported in due course. 

Simon Adams
CFO / Company Secretary
Email: sadams@i-og.net
Phone: +61-8-6144-0590
Website: www.eonnrg.com

John Whisler
Managing Director
Email: jwhisler@i-og.net
Denver Head Office: +1-720-763-3183

Twitter: @EonNRG
↧
↧

Thundelarra Ltd (ASX:THX) Garden Gully - Exploration Update

March 26, 2018, 8:59 pm
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Thundelarra (ASX:THX) (OTCMKTS:TLXPF) is pleased to review progress at our exciting Garden Gully Project near Meekatharra, a well-established and proven gold centre that has produced over seven million ounces to date from a number of mines. Our exploration at Garden Gully began in mid-2016, with the subsequent acquisition of the key Crown Prince prospect where our first drill programme started in late 2017. Work to date has identified new prospects that were previously unknown, of which Lydia is a leading example, and our understanding of the controls on the mineralisation is growing and improving with each work programme.

- Shallow scout drilling started in June 2016 to identify targets

- 11 prospects, many previously unknown, identified for follow-up

- 25,955m drilled in 141 holes prior to current drill programme

o 23,432m in 128 reverse circulation (RC) drill holes

o 2,523m in 13 diamond drill (DD) holes

- Aircore drilling programme underway at the time of this release to test for near-surface extensions of the mineralised structures

- Now waiting on RC rig to test Crown Prince follow-up targets

- Diamond rig will then drill diamond tails as warranted

The discovery of these new prospects resulted from the initial scout drilling programme. Subsequent testing has delineated structural trends along which the gold-bearing zones are located. The possibility that repetitions of these zones may be present in areas previously untested is the reason for the air core drilling programme currently underway.

The first drilling programme at Crown Prince, carried out in the last calendar quarter of 2017, successfully demonstrated that the known high grade mineralisation (approximately 20 gpt Au) is present at least 130m down plunge below the base of the known mineralisation, thereby clearly demonstrating the potential of the prospect (ASX report 08 February 2018).

Results from over 26,000m drilled in 141 holes (23,556m RC; 2,523m DD) since mid-2016 continue to support the possible existence of a large mineralised system at depth beneath Garden Gully, acting as a single source for the mineralisation identified so far at the various prospects and representing the potential for a major new gold discovery at Garden Gully, located in the Murchison, one of Western Australia's most productive gold provinces.

The Garden Gully project area is characterised by a veneer of transported cover of variable thickness, underlain in places by a hard subsurface layer of duricrust. We believe that the combination of these factors has contributed to past soil geochemistry surveys failing to identify and locate accurately the underlying primary mineralised structures that our exploration has found. This is the rationale for the programme of air core / narrow diameter hammer drill programmes - to penetrate the transported surface cover and generate more meaningful regolith geochemical profiles that we have shown to generate meaningful targets for follow-up deeper reverse circulation drilling.

Summary

Our exploration to date at Garden Gully has tested multiple targets and concepts, resulting in previously unidentified zones of mineralisation and improving our understanding of the controls on the mineralisation at Crown Prince, Lydia, Transylvania, Battery and Granite Well prospects. It has extended known mineralisation and identified new mineralised structures, such as Lydia which remains open at depth and to the north and south. We have confirmed the presence of high grade gold mineralisation at least 130m vertically below the deepest mineralisation previously recorded at Crown Prince and this mineralisation remains open.

The Garden Gully results to date are an unqualified success and continue to demonstrate that the project holds the potential for a significant new body of gold mineralisation in this proven gold province around Meekatharra.

About Garden Gully.

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

To view figures, please visit:
http://abnnewswire.net/lnk/8G5C9F06 

Mr Tony Lofthouse
Chief Executive Officer
Telephone: +61-8-9389-6927
Email: info@thundelarra.com.au
Website: www.thundelarra.com
↧

Byte Power Group Limited (ASX:BPG) Cryptocurrency Core Exchange Functions Complete

March 26, 2018, 9:04 pm
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Byte Power Group Ltd (ASX:BPG) is pleased to provide a further update on the progress of the development of the Cryptocurrency Exchange currently being developed by its subsidiary, Byte Power Pty Ltd (BPPL).

BPPL's technology services partner, Noetic Synergy, advises that:

- Core exchange functions development is now completed and is being tested;

- User Interface Requirements and interface with banking facilities are being finalised; and

- Regulatory compliance functions and services are being confirmed and are under final negotiation.

BPPL advise that the Exchange is being developed to initially support 8 cryptocurrencies and 2 fiat currencies.

In accordance with AUSTRAC requirements last updated on 13 March 2018, BPPL will formally begin AUSTRAC registration when relevant forms are made available on 3 April 2018. AUSTRAC registration is a pre-condition for the exchange to operate in Australia. 

Michael Wee
Company Secretary
Byte Power Group Limited
T: +61-7-3620-1688
www.bytepowergroup.com
↧

Mustang Resources Ltd (ASX:MUS) Close of Entitlement Offer and Shortfall Notification

March 26, 2018, 10:09 pm
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Mustang Resources Limited (ASX:MUS) (OTCMKTS:GGPLF) ('Mustang' or the 'Company') announces that its non-renounceable pro rata rights issue ("Entitlement Offer") of one (1) new share ("New Share") offered for every four (4) fully paid ordinary shares ("Shares") held by eligible shareholders at an issue price of $0.023 per New Share closed on Thursday, 22 March 2018 at 5.00pm WST.

Results of the Offer

The Company received 849 applications under the Entitlement Offer from eligible shareholders for a total of 106,811,504 New Shares. The total subscription amount received by the Company from the Entitlement Offer (before associated costs) was $2,456,666 made up of $1,696,675 of entitlements plus $759,991 of shortfall taken up by eligible shareholders.

Managing Director, Dr. Bernard Olivier said: "The Company and its management team is highly encouraged by the strong support shown by our shareholders in the entitlement offer and we are confident in placing the shortfall quickly. Exploration and development work is currently underway on both our projects with multiple catalysts and milestones in the coming months. In the near term, we will continue exploration and market development work on our Montepuez Ruby Project with test sales through our Thailand office in step with fieldwork and bulk sampling. We are encouraged by the continued growth of the ruby market and Mustang's enviable position as the only publicly listed revenue-generating ruby supplier and believe that there is substantial value to be realised for our shareholders.

Furthermore, recent drill results on the Caula Graphite & Vanadium project have prompted the Board to approve its fast-tracked development with first revenues from Stage 1 trial mining of high grade graphite and vanadium targeted for H1-2019. This will place Mustang in a unique position amongst its peers in both the graphite and vanadium sectors as the Company leverages off its in-house technical and operational abilities to become a leader in the fast growing battery commodity markets."

Notification of Shortfall

The number of securities offered pursuant to the Entitlement Offer was 192,858,347 New Shares resulting in a shortfall of 86,046,843 New Shares ("Shortfall").

Placement of Shortfall

The Entitlement Offer is not underwritten.

The Shortfall will be placed by the Company at the same price of $0.023 per New Share subscribed for and issued. The New Shares under the Shortfall are to be placed within 3 months after the Closing Date i.e. 22 June 2018.

Issue and Allotment of New Shares

The Company will issue and allot all New Shares applied for in accordance with the Entitlement Offer timetable included in the Entitlement Offer Document dated 22 February 2018 ("Offer Document") and will apply to ASX for quotation of New Shares allotted.

The Directors would like to express their thanks for the support by the participants in the Entitlement Offer.

The net proceeds received from the Entitlement Offer and the issue of the Shortfall will be applied as described in the Offer Document. 

Bernard Olivier 
Managing Director
Mustang Resources Limited
E: bernard@mustangresources.com.au

Robert Marusco
Company Secretary
Mustang Resources Limited
E: robert@mustangresources.com.au
↧
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