Fluence Corporation Limited (ASX:FLC) (OTCMKTS:EMFGF) is pleased to announce that it has reached financial close for its seawater desalination project for its customer, Comisión Estatal del Agua de Baja California (CEA), the State Water Commission of Baja California, to provide water for the town of San Quintin, Mexico.

- Fluence to build and operate a 22 million litre/day seawater desalination plant

- 30-year operating agreement in place prior to plant transfer

- Off balance sheet, non-recourse, project finance put in place

- High-volume water sales enhance Fluence's recurring revenue streams

This project is a milestone for Fluence, as it is the first off-balance sheet, non-recourse project funding arranged by the Company. For this US$48 million project, Fluence has arranged debt financing covering 75% of the project cost from the North American Development Bank (NADB). The remaining equity investment will be provided by Fluence in combination with its local partners.

The project calls for Fluence to build and operate a 5.8 million gallon/day (approximately 22,000 m3/day) seawater desalination plant. The Special Purpose Vehicle owned by Fluence and its local partners will sell the produced water to the area of San Quintin for the next 30 years, after which ownership of the plant will be transferred to the customer.

Like similar projects in Mexico, the San Quintin project faced legislative hurdles that delayed closing since the contract was initially awarded in 2015. Following the passage of local legislation by the government of Baja California in mid-December 2017, Fluence has now successfully achieved financial close.

Fluence expects to receive first disbursement and start construction as early as the beginning of the 3rd quarter of this year, subject to resolution of the local legislation appeal process, which could result in project commencement later in the second half of 2018. The Company expects the plant to be fully operational within 20 months of project commencement, after which water sales are expected to generate US$10 million of recurring annual billings for Fluence.

Commenting on this major milestone, Fluence Managing Director and CEO, Henry Charrabé said: "The San Quintin water desalination plant project is important for a number of reasons. It supports Fluence's projected revenue for 2018, reaffirms the Company's position as a project finance partner for our clients, and increases our recurring revenue base that will underpin future growth. We are targeting additional Build Own Operate Transfer projects later this year."

Commenting on this important project, NADB Managing Director Alex Hinojosa, said: "NADB is pleased to provide this financing for a second desalination plant in Baja California. As groundwater resources become increasingly strained, collaborating with all levels of government in finding the necessary solutions to provide safe water for human consumption and economic development is a priority for the Bank."

When completed, the San Quintin plant's capacity will serve over 100,000 residents in Baja California, a region the Mexican government has declared in drought since 2014. The plant will provide a safe and reliable source of water to San Quintin and neighboring communities in the municipality of Ensenada.

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)

As announced 21 December 2017, Cervantes Corporation Limited (ASX:CVS) (the Company) confirmed that the purchase of the Paynes Find Gold Project from European Lithium Limited (ASX:EUR) (EUR) (the Transaction) had settled.

The total consideration in relation to the Transaction comprises $500,000 cash (of which $270,000 has been paid to date) and $500,000 in share consideration (paid). The parties have agreed to amend the payment terms of the remaining deferred cash consideration payable (being $230,000) as set out below:

- $75,000 on or before 31 March 2018 (paid);

- $75,000 on or before 31 May 2018; and

- $80,000 on or before 30 June 2018.

Collin Vost
Executive Chairman
T: +61-8-6436-2300
E: cvost@cervantescorp.com.au

Byte Power Group Ltd (ASX:BPG) (or Company) provides this further update in relation to proceedings commenced by Konzept APS in the Supreme Court of Queensland against BPG as previously advised to the market in releases on 13 March 2018 and 27 March 2018.

On 13 March 2018, BPG received a Creditor's Statutory Demand from Konzept APS to pay USD717,550.36 or to secure or compound for USD717,550.36, to Konzept APS' reasonable satisfaction.

Konzept APS has agreed to a payment plan with Byte Power Group Ltd. In accepting this payment plan Konzept APS has withdrawn the Creditor's Statutory Demand.

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

Carnarvon Petroleum Limited ("Carnarvon") (ASX:CVN) (OTCMKTS:CVONF) is pleased to provide the following update on its near-term drilling program as advised by the operator, Quadrant Energy.

The GSF Development Driller-1 semi-submersible drilling rig has arrived at the proposed Phoenix South-3 drilling location.

Over the next few days the rig will be anchored in place and ballasted in order to be ready to commence drilling.

Refer to previous announcements available on Carnarvon's website www.carnarvon.com.au for details of the significant gas and condensate being targeted by this well.

 
Permit equity owners of WA-435-P: 

Carnarvon Petroleum          20% 

Quadrant Energy (Operator)   80% 

Mr Thomson Naude
Company Secretary
Phone: +61-8-9321-2665
Email: investor.relations@cvn.com.au

Cardinal Resources Limited (ASX:CDV) (TSE:CDV) (OTCMKTS:CRDNF) ("Cardinal" or "the Company") is pleased to provide an update in relation to the Stage 1 appraisal programmes over three Exploration Licenses ("Bongo"), ("Kungongo"), ("Ndongo") all within the Company's Bolgatanga Project located within close proximity to the Company's Namdini Gold Project, in the Upper East Region of Ghana, as well as the Subranum Project ("Subranum") located in Southwest Ghana (see Figures 1 and 3 in link below).

Highlights

- Cardinal's commitment to regional exploration in Ghana has been stepped up on the strength of early results, with drill rigs testing a range of targets across the extensive tenement package

- Reconnaissance exploration including airborne magnetics, ground geophysics and auger drilling is considered highly encouraging and defined several coincident structural, geophysical and geochemical corridors for follow up drilling

- Cardinal now has six drill rigs active across the exploration portfolio

Bongo License Area

o The Bongo area is considered to be related to the northeast trending regional gold rich Markoye Fault Corridor which hosts several major gold deposits in Burkina Faso including B2Gold's 5.8Moz Kiaka Gold Mine, West Africa Resources' 1.1Moz Tanlouka Gold Project, Orezone Resources' 5.7Moz Bombore Gold Mine and IAMGOLD's 6.6Moz Essakane Gold Mine

o Three drill-ready target areas have been generated from auger gold-in-soil anomalies, previous air magnetic interpretation, mapping and ground truthing over the prospect

o Cardinal expects to commence drilling these targets Q2 2018

Kungongo License Area

o Positive assay results returned from first pass widely-spaced drilling at the Kungongo License area indicate shallow mineralisation exists beneath anomalous auger drilling. Best results included 1m at 6.7g/t from 37m, 2m at 6.5g/t from 7m and 5m at 2.8g/t Au from 60m

o 5,000m of RC and Diamond drilling is set to commence Q3 2018 to follow up the widely-spaced first pass results

Ndongo License Area

o Previous RC drilling completed by Africwest Gold in 1997 around the historic Nangodi Gold Mine returned gold grades including 41m at 5.2g/t, 32m at 3.1g/t, 26m at 2.8g/t, 21m at 3.8g/t, 15m at 4.6g/t and 13m at 2.5g/t

o Six large-scale targets have been identified in the Ndongo License Area, with an initial focus on targets close to the historic Nangodi Gold Mine. Drilling of three of these target areas is underway with the remainder set to commence during Q2 2018

Subranum License Area

o Scout drilling has commenced to test an anomalous five-kilometre strike length along the Bibiani shear zone

- Regular drill and exploration news flow is anticipated throughout 2018 stemming from the large programme underway

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

"Cardinal has been working extensively on the development of the Namdini Project through the completion of its Preliminary Economic Analysis ("PEA"), Mineral Resource upgrade and a Pre-Feasibility Study which is currently in progress given the positive outcomes of the PEA.

"In conjunction with the development of Namdini, the Company has been actively engaged in exploration activities on its extensive license holdings.

"First pass shallow RC drilling beneath some of our auger soil anomalous areas within the Kungongo License, has provided us with very encouraging results and technical data which will be used in planning the next phase of drilling over this six-kilometre target (see Figures 7 to 11 in link below). Results included 1m at 6.7g/t from 37m, 2m at 6.5g/t from 7m and 5m at 2.8g/t Au from 60m.

"The recent acquisition of two large-scale licenses from Kinross Gold were merged with our existing Ndongo License which increased our Bolgatanga regional land package to approximately 900 km2 providing a strategic footprint over the greenstone belt which hosts the regional Nangodi Shear Zone. This regional shear hosts the producing Youga Gold Mine and adjacent Ouare Prospect in Burkina Faso, the historic Nangodi Gold Mine and the currently producing Shaanxi Gold Mine and continues into Cardinal's Tier 1 Namdini gold deposit (see Figures 2, 3, and 12 to 14 in link below).

"Exploration over Cardinal's tenements have included close spaced airborne magnetic-radiometric surveys at flight line spacings of 75m to 100m which have improved resolution and increased targeting confidence. Detailed follow up ground geophysics, shallow auger soil sampling, surface mapping and limited shallow scout drilling have helped to further delineate lithological and structural settings. Initial results have been very encouraging, consequently, we have stepped up our commitment to regional exploration with the mobilisation of geological and ground geophysical crews as well as drill rigs to test these targets."

BONGO LICENSE AREA

The Bongo License covers an area of 453 km2 adjacent to the regional Bole-Bolgatanga Shear and is dominated by three major intrusive complexes, predominantly granitoids of intermediate to foliated felsic basin types intercalated with mafic volcanic flows (see Figure 4 in link below).

The Bongo License area is related to the northeast trending regional gold rich Markoye Fault Corridor on which some major gold discoveries in Burkina Faso are located including, B2Gold's 5.8Moz Kiaka Gold Mine, West Africa Resources' 1.1Moz Tanlouka Gold Project, Orezone Resources' 5.7Moz Bombore Gold Mine and IAMGOLD's 6.6Moz Essakane Gold Mine (see Figure 2 in link below). Bongo is approximately 28km northwest of the Company's 7Moz Namdini Gold deposit (see Figure 3 in link below).

No previous exploration had been completed over the Bongo License area prior to an airborne geophysical survey conducted by Cardinal at a flight line spacing of 100m in December 2013. Following the airborne survey, a total of 36,577m of auger drilling was completed from 10,915 holes on a 400m by 50m grid over target areas interpreted from the airborne geophysical survey.

Six target areas were initially identified from the airborne geophysical survey. Three of these target areas (A, B and C) totaling 26km in strike length within the northwestern, northeastern and southeastern parts of the Bongo License were generated from auger soil anomalies, previous air magnetic interpretation, mapping and ground truthing over the license (see Figure 4 in link below).

Target A - Test drilling is planned (see Figures 4 to 6 in link below)

Coincident magnetic and soil anomalies 10km in strike length and located in the southeast area adjacent to the regional Bole-Bolgatanga Shear.

Target B - Test drilling is planned (see Figures 4 to 6 in link below)

Delineated contact zone between ultramafic and granitic lithologies from airborne magnetic interpretation located in the northeast area and comprised of ultramafic rocks with 5km of strike length.

Target C - Test drilling is planned (see Figures 4 to 6 in link below)

Located within the northwest area and comprised of Birimian greenstones within granitic rocks delineating an 11km anomalous zone with coincident gold-in-soil auger geochemistry levels with a peak value of 1,680ppb gold (equivalent to 1.7g/t Au). The southern extension of the Markoye Fault Corridor from Burkina Faso appears to continue into this Target C area (see Figure 2 in link below) which considerably enhances the potential of this target.

Reconnaissance RC drilling is expected to commence Q2 - 2018 across all three anomalous targets.

KUNGONGO LICENSE AREA

The Kungongo License is located in northeast Ghana some 45km west of the Company's Namdini Gold Project. The license covers an area of 122 km2 and is a renewable Exploration License (see Figure 3 in link below).

Kungongo is located over the regional Bole-Bolgatanga Shear that can be traced for a length of 6km within the northwest corner of the license. The Shear extends northeast through Burkina Faso and into Niger as well as to the southwest to the Ghana-Cote d'Ivoire border beyond which it is difficult to trace. This shear zone is considered to be highly prospective as it hosts major gold discoveries including the 2.1Moz Youga Gold Mine and Ouare Project in Burkina Faso (both owned by Avesoro Resources) and the 2.5Moz Samira Hill Gold Mine (owned by SOPAMIN) in Niger (see Figures 2 and 3 in link below).

The prospective area within the Kungongo License is dominated by a series of metamorphosed granitoids in contact with tightly folded Birimian metasediments, metavolcanics, volcaniclastics and mafic volcanic flows that are sheared along the Bole-Bolgatanga Shear Zone (see Figure 7 in link below).

Auger drilling on the Kungongo license commenced in 2016 as follow up work to the ground geophysics targets. The auger drilling was completed on a 400m by 50m grid spacing. Follow up infill sampling was later carried out on a 200m by 50m spacing which returned several anomalies with a peak value of 4,115ppb gold (equivalent to 4.1g/t Au). Geochemical background values from statistical analysis were established at less than 12ppb gold, with all values greater than 24ppb considered as gold-in-soil anomalies. Overall, a total of 17,662m were drilled from 4,043 auger soil sample locations (see Figure 8 in link below).

Aerial magnetics delineated a broad shear zone in the northwest corner of this prospect (see Target A, Figure 9 in link below). Ground Gradient Array Induced Polarization ("GAIP"), ground magnetics and ground gravity surveys all delineated east-northeast to west-southwest-striking alternating metavolcanic and metasedimentary horizons. The gold-insoil anomalous areas cover a resistive and non-chargeable zone with a complex magnetic character.

Mapping and ground truthing have identified artisanal workings along the main shear zone, which target stockwork quartz vein mineralisation. Mapping further northeast along the Bole-Bolgatanga Fault revealed more artisanal workings about 15km along strike from the license area.

Recent RC drilling has focused primarily on shallow auger soil gold anomalies and ground magnetics. Drilling has confirmed a sequence of mixed sediments and mafic volcanics. The initial RC drilling was completed on a series of fences between 400m and 1,600m apart. Hole spacing on lines was at 50m to 100m centres, with the drilling covering approximately 3.6km of strike length along the target (see Figure 10 in link below). Gold intersections returned were encouraging with some significant grades and multiple zones encountered (see Figure 11 in link below). Of note, drilling was shallow and demonstrated extensive shearing.

5,000m of RC and diamond drilling is set to commence by the end of second quarter of 2018 and is designed to follow up the widely-spaced anomalous first pass results.

Assay results from the first pass drilling programme included: 

- 1m at 6.7g/t Au from 37m      - 5m at 2.0 g/t Au from 47m 

- 2m at 6.5g/t Au from 7m       - 6m at 1.8 g/t Au from 125m 

- 2m at 4.3g/t Au from 1m       - 3m at 1.6 g/t Au from 45m 

- 1m at 4.3 g/t Au from 4m      - 7m at 1.3g/t Au from 123m 

- 5m at 2.8 g/t Au from 60m     - 5m at 1.3g/t Au from 53m  

- 2m at 2.8 g/t Au from 9m      - 4m at 1.2 g/t Au from 63m  

NDONGO LICENSE AREA

The Ndongo License covers an area of 295km2, having been recently expanded by the purchase of two exploration licence areas from Kinross Gold in August 2017 (see Figure 3 in link below). Exploration has defined six prospects totalling 70km in strike length only 15km north of the Namdini Gold Project.

The Company considers the license area to be highly prospective for the discovery of economic gold mineralisation associated with the prolific Nangodi Shear Zone, a splay fault off the main regional-scale Bole-Bolgatanga Shear. Elsewhere, the Nangodi Shear Zone is spatially related to no fewer than four major gold discoveries, including the Company's 7Moz Namdini Gold Project, the Shaanxi Mine, the historic Nangodi Gold Mine and the 2.1Moz Youga Gold Mine in Burkina Faso, adjacent to the Ghana border (see Figures 2 and 3 in link below). In addition, there are numerous historic shallow artisanal workings along many parts of this shear zone.

The discovery of the Namdini Gold deposit has provided useful information and insight for Cardinal's geological team and a focal point for exploration activities along the Nangodi Shear Zone. Together with the extensive data gathered to date, this will help to continue to refine and target ongoing exploration programmes to unlock the broader potential for additional gold mineralisation types similar to Namdini, or other styles of gold occurrences.

Below are some highlights of exploration activities that have been completed to date over the license:

- A total of 21,062m of soil sampling were completed on a 100m by 50m to 200m by 50m grid spacing to delineate a number of gold-in-soil anomalies with a peak value of 3,232ppb gold (equivalent to 3.2 g/t Au). Gold values greater than 24ppb are considered as anomalous in delineating targets.

- The Company has undertaken an Airborne Magnetic-Radiometric survey over the entire Ndongo license at a flight line spacing of 100m which has improved resolution.

- A total of 86 line kilometres of GAIP was completed covering some 70% of the license with lines spaced at 100m.

- Ground Magnetic surveys have been completed within the area covered by the GAIP survey.

More than 120 diamond and RC historic drill holes and geophysical data within the Kinross land package have provided Cardinal with an extensive database which is currently being processed by Southern Geoscience Consultants (SGC Perth) to aid in the identification of additional drill targets.

Six large scale targets (A to F) which are considered highly prospective for gold mineralisation have been defined from coincident historical drill data, auger soil anomalies and geophysical surveys (see Figures 6 to 8 in link below).

Target A - Further drilling is planned (see Figures 12 to 14 in link below)

Historic shallow artisanal shafts are located in areas with coincident anomalous soil results. A GAIP survey over this prospect has identified a well-defined contact zone between conductive and resistive rock units trending northeast-southwest.

Historical shallow reconnaissance RC drilling intersected gold mineralisation within this contact zone with results including 4m at 3.2 g/t Au at a vertical depth of 25m (see Target A, Figure 6 in link below). Further drilling of this target is planned.

Target B- RC drill testing currently underway (see Figures 12 to 14 in link below)

Aerial surveys, geological and soil geochemistry data indicate that multiple north to north-northeast mineralised structures were developed over almost a 4km strike length and 1.5km width within the Central Zone area.

Dipole-dipole IP ("DDIP") and ground magnetic surveys were conducted to further define these mineralised structures. DDIP delineated extensive conductive areas which were drill tested. Scout drilling revealed the conductive areas as mainly unmineralised metasediments, however, between the two conductive units, a silicified zone was identified, which contained anomalous gold-in-soil results. RC drilling is currently in progress to test this contact silicified zone.

Target C - RC drill testing currently underway (see Figures 12 to 14 in link below)

A regional north-south ~30km shear containing the historic Nangodi Gold Mine and the producing Shaanxi Gold Mine has been mapped over a strike length of ~9km within the license (Figure 3 and Target C within Figures 12 to 14) (see link below). Geochemical and rock chip sampling across the silicified, manganese-rich, shear zone delineated anomalous gold values averaging 128ppb Au along a ~1.3km strike length.

RC drilling has commenced on the anomalous zones along Target C where intense folding was observed in the outcropping metasediments within this shear zone.

Target D - Test drilling is planned (see Figures 12 to 14 in link below)

Geochemical sampling has identified highly anomalous gold-in-soil values around the southern margins of the intrusive Pelungu Granite.

Subsequent airborne geophysical surveys over Ndongo identified a large magnetic anomaly around the southern margin of this granite. Anomalous soil values up to 2,498ppb gold (equivalent to 2.5g/t Au) coincide with this magnetic anomaly and present a favourable exploration target (see Target D, Figure 14 in link below). Plans are underway to test this target.

Target E - Drill testing currently underway (see Figures 12 to 14 in link below)

Previous exploration by Africwest around the historic Nangodi Gold Mine identified stockwork quartz veins with disseminated sulphide mineralisation associated with a felsic porphyry. RC drilling completed by Africwest in 1997 returned gold grades including 41m at 5.2g/t, 32m at 3.1g/t, 26m at 2.8g/t, 21m at 3.8g/t, 15m at 4.6g/t and 13m at 2.5g/t.

Previous RC drilling by Abzu Gold in 2011 across the Nangodi Shear Zone at the historic Nangodi Gold Mine designed to twin, duplicate and infill the previous drilling by Africwest reported gold intersections including 24m at 2.3g/t, 66m at 1.5g/t, 44m at 1.9g/t and 73m at 1.2g/t. Mineralisation appears to be adjacent to the contact between mafic volcanics and felsic porphyry.

Drilling is currently underway around Target E close to the historic Nangodi Gold Mine to test mineralisation to the south of the Mine (see Figure 12 in link below).

Target F - Test drilling is planned (see Figures 12 to 14 in link below)

Anomalous gold-in-soils and ground magnetics have delineated a prospective area at Target F (see Figure 13 in link below). Numerous soil samples grading between 50 to >100ppb Au and magnetics has delineated a shear zone; both of which require further testing.

SUBRANUM PROJECT

The Subranum Project covers an area of 69km2 located in southwest Ghana. The license straddles the eastern margin of the Sefwi Gold Belt. There is 9km of prospective sheared contact between Birimian phyllites and greywackes to the east and mafic to intermediate volcanics and volcaniclastics to the west. Granitoid stocks of the Dixcove suite intrude this shear zone. The Sefwi Belt is highly prospective and is spatially related to major discoveries including the 7Moz Bibiani Gold Mine (approximately 70km southwest), Newmont's Ahafo 23Moz Gold Mine (approximately 53km west), Kinross' Chirano 5Moz Gold Mine (approximately 110km southwest) (see Figure 3 in link below).

Previous exploration by Newmont (soil sampling, trenching and drilling) discovered a gold mineralised zone over 5 km containing an estimated 100,000 oz of gold to a depth of only 50m. As the drilling was on irregular, widely spaced drill fences, Cardinal plans to systematically drill this initial target area to better define and extend gold mineralisation along strike and at depth (see Figures 15 to 17 in link below).

To view figures, please visit:
http://abnnewswire.net/lnk/BDV2W0V2

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

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

Lithium Power International Limited (ASX:LPI) (OTCMKTS:LTHHF) (LPI or the Company) is pleased to advise that in addition to the previous announcement of 19 February 2018, where initial lithium carbonate sample with purity of 99.4% had been achieved, the globally recognised chemical company Veolia Water Technologies has produced lithium carbonate samples of 99.9% purity from concentrated brine produced from the Salar de Maricunga.

Highlights

- Globally regarded processing group Veolia Water Technologies produced lithium carbonate samples with 99.9% purity, from the Salar de Maricunga brine

- Optimised evaporation process developed by the Minera Salar Blanco (MSB) Maricunga project team has resulted in impurity removal

- Pilot plant testing to continue to further quantify the process for commercial application.

The optimised evaporation process has been developed by Peter Ehren; Principal Process Consultant to the Maricunga Project (MSc. Raw Materials Technology, MAusIMM CP under JORC and QP under NI43-101) and executed by Veolia. This work has been achieved by using several crystallization techniques to remove primary contaminates such as tachyhydrite and calcium chloride from the concentrated Maricunga lithium bearing brine (Brine).

A second part of the process provides for simplified and optimized polishing stages in order to remove the remaining boron, calcium and magnesium from the concentrated lithium brine. This successful application ensured the purity of the final washed lithium carbonate product was 99.9% which greatly exceeds the battery grade lithium carbonate specification as can observed in the table (see link below).

Lithium Power's Chief Executive Officer, Martin Holland said:

"We are exceptionally pleased that our test work has produced such a proven process that can extract and deliver such high purity lithium carbonate product. These exceptional results will be further enhanced and developed to ensure the operational application of these results in the planned mining and processing operation. The LCE purity clearly exceeds battery grade requirements and will continue to generate interest from possible off-take partners."

MSB's Chief Executive Officer, Cristobal Garcia-Huidobro, said:

"The MSB developed optimised evaporation process along with the pilot plant testing conducted by Veolia has produced results which ensures that the Maricunga lithium brine project will be continued to be seen as Chile's most advanced and highest quality pre-production lithium project."

To view tables and figures, please visit:
http://abnnewswire.net/lnk/U8147LU9

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

On 10 November 2017, Prospect Resources Ltd (ASX:PSC) (Prospect) announced a conditional placement and framework agreement with Sinomine Resources Exploration Co. Ltd (SHE:002738) and Sinomine International Exploration (Hong Kong) Co. Ltd (collectively Sinomine) and offtake agreement with Sinomine Resource (Hong Kong) International Trading Co., Limited (Sinomine Resource).

On 12 February 2018, Prospect announced an extension of time to complete the transaction to 31 March 2018.

Highlights:

- Completion of placement to Sinomine of A$10,000,000 at 6c per share

- Amended US$557 million offtake agreement signed with Sinomine Resource for approx. 70% of Phase 1 production over 7 years (see Note below)

- Repricing of spodumene and petalite formula resulting in a projected US$61m increase in Project NPV to US$401m

- Sinomine Resource to make an additional US$10,000,000 prepayment under offtake agreement

- Prospect takes back control of build and finance timetable

Following receipt of shareholder approval to complete the share placement to Sinomine on 29 March 2018, Prospect is pleased to announce the receipt of A$10,000,000 from Sinomine and completion of the share placement to Sinomine of 166,666,667 fully paid ordinary shares in Prospect at 6c per share (a premium to the original placing price of 5c per share).

In addition to completion of the placement, Prospect is pleased to announce that certain terms under the conditional offtake agreement between Prospect and its Zimbabwean subsidiary, Examix Investments (Pvt) Limited (the Seller) and Sinomine Resource have been favourably renegotiated in respect of the spodumene and petalite pricing formula such that the NPV of the Arcadia Lithium Project located in Zimbabwe (the Project) has increased by US$61m, from US$340m to US$401.5m. The spodumene and petalite pricing formula, consistent with other industry contracts, is linked to the lithium carbonate price. (Please refer to ASX announcement dated 19 March 2018 for basis of calculation of US$340m NPV, which has now increased to US$401.5m).

Further amendments have included the requirement for Sinomine Resource to prepay US$10,000,000 under the offtake agreement with these funds being payable upon installation of the ball mill at the Project.

Prospect has also reduced the offtake volumes to be supplied to Sinomine Resource to approximately 70% of earlier agreed volumes. Offtake volumes are now classified as tonnes of spodumene, petalite and lithia units, giving Prospect the flexibility to alter supply quantities of spodumene and petalite provided the total lithia units supplied are satisfied. The surplus is expected to give Prospect flexibility to negotiate offtake terms with other lithium downstream customers and enable Prospect to divert additional spodumene and petalite volumes to a proposed company owned, lithium carbonate facility.

The key terms of the revised offtake agreement are attached as Schedule A (see link below).

Prospect is pleased to confirm that it has cancelled the build and finance component of the original transaction. Cancellation of the build contract for the process facility, mine and associated infrastructure on site enables Prospect to dictate the build timetable and process. We believe that taking control of the build process for the process facility and mine will enable Prospect to commence construction of the mine and process facility in a shorter period of time and potentially bring forward revenues. Prospect has all necessary mining licences and environmental approvals to commence construction of the mine, process facility and tailings dam.

Prospect intends to enter into first engineering contracts and pioneer mine strip and tailings dam construction contracts during April 2018. Importantly, by taking control of the build process, Prospect can ensure a greater local Zimbabwean input with respect to suppliers and workers. We are committed to building Africa's largest lithium mine with, where possible, a Zimbabwe sourced workforce.

Completion of the mine finance is expected to occur during Q2 of 2018. With the reengagement of Zimbabwe with the world, Prospect is confident that we can finance the build on more favourable terms than previously offered. Prospect currently has over A$20,000,000 in cash, no debt and a future prepayment of US$10,000,000 from Sinomine Resource to contribute to construction and commissioning of the mine and processing facilities. We are in receipt of a number of additional indicative financing proposals to finance the balance of the estimated US$52.5m total build cost.

Harry Greaves and Hugh Warner will be attending Hong Kong Mines & Money to continue discussions with potential offtakers and financiers.

Note: Calculated by reference to pricing assumptions used in ASX announcement 'Significant value upgrade following updated PFS - Arcadia' dated 19 March 2018

To view Schedule A, please visit:
http://abnnewswire.net/lnk/BD520ANT

Hugh Warner
Prospect Resources Ltd
Executive Chairman
T: +61-413-621-652

Harry Greaves
Prospect Resources Ltd
Executive Director
T: +263-772-144-669
WWW: www.prospectresources.com.au

Core Exploration Ltd (ASX:CXO) provides the Company's latest presentation at Mines and Money Conference.

INVESTMENT HIGHLIGHTS

- CXO on a pathway to lithium production - targeting late 2019

- Preliminary Feasibility Study (PFS) nearing completion

o Considering low-capex production of spodumene concentrate, for export from Darwin port

o Development of the high grade (1.5%) Grants deposit initially

- Mining Lease Application and approvals processes commenced

- Binding offtake agreement with Yahua (one of China's largest lithium producers)

o Includes US$20 million prepayment facility

- Resource upgrade at Grants and maiden Mineral Resource at BP33 both imminent

- Significant potential to grow Resource base in 2018 across a number of high grade prospects

- Arguably the best logistics chain to Asia and supporting infrastructure of any Australian lithium project, providing significant strategic advantages

- Enterprise Value of less than $30 million offers significant leverage to the development of the Finniss Lithium Project and ongoing exploration programs

To view the full presentation, please visit:
http://abnnewswire.net/lnk/2ZIN4EXC

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

For broker and media enquiries: 

Warrick Hazeldine / Andrew Rowell 
Cannings Purple
M: +61-417-944-616 / +61-400-466-226

Diversified minerals explorer and developer Ardiden Limited (ASX:ADV) (or "the Company") is pleased to advise that a detailed review of new satellite imagery covering the Company's 100%-owned, flagship Seymour Lake Lithium Project in Ontario, Canada has identified 100 new highly-prospective lithium-bearing targets, which have the potential to significantly increase the scale and value of the project.

HIGHLIGHTS:

- Ardiden identifies 100 new highly-prospective target locations with lithium-bearing potential at the Company's flagship Seymour Lake Lithium Project via a detailed review and analysis of new satellite imagery

- Previous exploration programs had identified 40 pegmatite exposures along the 5km strike zone, with several of these exposures hosting visible spodumene

- Detailed data review provides Ardiden with a significant and diversified opportunity to explore and target potentially new pegmatite-hosting structures across its large, 7,000-hectare landholding

- Numerous exposures recently identified share a number of physical similarities to those found at both Aubry and Pye pegmatites

- Identification of new prospective areas have the potential to significantly increase the overall scale and value of the Seymour Lake project

- Drilling and targeted ground penetration programs continue at the Aubry prospects

- Ardiden will provide an update on the resource expansion diamond drilling program at Central and South Aubry over the coming days

As the ongoing resource expansion diamond drilling program continues at the Central and South Aubry prospects, Ardiden is currently making preparations to ramp up the current field exploration program, with the overall aim of identifying more spodumene-bearing pegmatite structures across the project, whilst also significantly growing the Mineral Resource at Seymour Lake

As previously announced (19 March 2018), the latest drilling results continue to demonstrate potential for both resource and strike expansion via the presence of both multiple spodumene bearing pegmatite sills of various thicknesses and down-plunge continuity of the lithium mineralisation extending north-east from the Central and South Aubry pegmatite exposures.

The true value of both Central and South Aubry has not been fully drill tested, whilst the mineralisation remains open in all directions and at depth. The Company is targeting known lithium mineralisation hosted in multiple sills and will continue to develop its geological interpretation of the Aubry prospects, as further assay results and additional ground truthing data is received.

The latest results further highlight the strong potential to expand the Seymour Lake Project, with numerous pegmatite exposures that have not yet been fully explored or tested within the 5km strike zone. The upcoming exploration programs will be testing the broader potential of the project.

The Aubry prospect represents just three of approximately 40 pegmatite exposures that have been previously identified along the 5km strike zone at Seymour Lake, with several of these exposures hosting visible spodumene.

Ardiden expects to provide another update shortly regarding the ongoing resource expansion diamond drilling program at the Central and South Aubry prospects. Further, initial assay results for the first seven drill holes are due back from Actlabs within the coming days and the Company will be able to provide further updates in due course on those results.

EXPLORATION UPSIDE

Ardiden will now target further drilling and exploration at the recently identified pegmatite targets, in order to obtain a true understanding of the size, scale and overall structure of the pegmatite swarms located within the North, Central and South Aubry prospects.

These new areas of interest are an exciting development for Ardiden as they share a number of physical similarities to the known pegmatites discovered at Aubry and Pye. The Company believes this significantly increases the potential for Seymour Lake to host multiple pegmatite swarms.

Due the large volume of highly prospective locations across the Seymour Lake project, not all areas are likely to be fully explored during the 2018 field season. A more detailed analysis of the satellite imagary is underway, looking at the size, location, colour and orientation of the various rock exposures.

Taking into account what is known about the controlling structures at the Aubry pegmatite swarm and the influence of the local and regional geology, Ardiden will be efficiently assisted in identifying and classifying the most prospective locations across the project.

Some of the areas of the interest includes target locations 62 and 64 (refer Figures 4 and 5 in link below), which shows a number of rock exposures spread over hundreds of metres, which exhibits many physical traits similar to those seen at the Aubry and Pye prospects.

A mapping and sampling program is scheduled to commence early next month, once the winter snow has cleared from the ground, to allow for a detailed inspection of these and many other locations across the project.

Ardiden looks forward to providing further updates as they come to hand.

To view figures, please visit:
http://abnnewswire.net/lnk/LM88470P

Investors:
Brad Boyle
Ardiden Ltd 
Tel: +61-8-6555-2950

Media:
Michael Weir / Cameron Gilenko
Citadel-Magnus
Tel: +61-402-347-032 / +61-466-984-953

Kingston Resources Limited (ASX:KSN) (Kingston or the Company) is pleased to advise that drilling is set to commence on the Livingstone Gold Project, situated in the Bryah Basin northwest of Meekatharra in Western Australia. The Livingstone Gold Project (see Figure 2 in link below) hosts a 50koz gold resource as well as a number of gold anomalies, with over 30km of prospective geological strike on the southern edge of the Bryah Basin (see Figure 1 in link below).

Highlights

- 8,000m RAB drilling program scheduled for April 2018

- Additional auger drilling was completed in March

- Funding secured from WA Government Exploration Incentive Scheme

The Company will commence an 8,000m RAB (Rotary Air Blast) drilling program in mid-April. This drilling, which is supported by the Western Australian Government's 2018 Exploration Incentive Scheme, is designed to test a number of gold-in-soil anomalies identified in Kingston's auger sampling program last year around the Livingstone's Find and Stanley prospects (see Figure 3 in link below). The 100ppb surface gold anomalies cover more than 4km of strike along the southern margin of the Narracoota Formation on the Stanley trend, as well as anomalies 2 to 3km in length, striking parallel to lines of old workings at Livingstone's Find. Stratigraphically, the setting is similar to that at the Labouchere and Fortnum gold deposits, which are less than 80km away.

RAB is an open-hole reconnaissance drilling method designed to test for gold mineralisation at depth quickly and cheaply in variable terrain. The program is expected to be completed by the end of April with assay results by the end of May.

In addition to this, further auger drilling has been completed during March to extend the 2017 coverage around Livingstone's Find to the south, and to the northwest along the prospective margin of the Narracoota Formation. A small auger grid has also tested for gold anomalism around the Winja prospect, which contains high-grade intersections in RC drilling such as 18m @ 7.85g/t but with little to no exploration along strike.

Comments from Andrew Corbett, Managing Director:

"With drilling getting underway at Livingstone as well as Misima Island, this is the start of a very busy time for Kingston. We are looking forward to testing these auger anomalies at Livingstone's Find, particularly given the high tenor of some of the auger results last year. With gold in the geochemistry, prospective stratigraphy, and numerous old workings throughout the area, we think this is an outstanding exploration target".

To view figures, please visit:
http://abnnewswire.net/lnk/11P4YRI7

Kingston Resources Limited
T: +61-2-8021-7492
E: info@kingstonresources.com.au
WWW: www.kingstonresources.com.au

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WePower
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Mustang Resources Ltd (ASX:MUS) (OTCMKTS:GGPLF) provides the Company's latest Corporate Presentation.

Mustang - a Mozambique focussed mining company

- Mozambican-focussed emerging developer and explorer with rapidly advancing ruby, graphite & vanadium projects in Northern Mozambique

- Revenue-generating Montepuez ruby project and high grade Caula graphite & vanadium project

- Invested in scarce commodities with fast growing markets (rubies, graphite & vanadium)

- Mozambique is Pro-mining and foreign investment

- Highly experienced team with a +15 year track record in developing profitable projects in Mozambique and Africa in general

Montepuez region established as a world-class field

- Commercial potential highlighted by Gemfields' success in generating ~US$335 million in ruby sales up to December 2017

- Vast majority gem/facet quality rubies come from secondary deposits (colluvial/elluvial)

- The Montepuez ruby field is very extensive, offering prospects of long mine lives

- Montepuez ruby deposits are typically
- Formula for low-cost, high-margin mining operations

To view the full presentation, please visit:
http://abnnewswire.net/lnk/M98N08ZZ

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

Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) is pleased to advise that its wholly owned subsidiary Altech Meckering Pty Ltd has completed the purchase of approximately 92 hectares of freehold land covering its granted mining lease M70/1334, at Meckering, Western Australia.

Highlights

- Purchase of freehold land covering mining lease M70/1334 completed

- Ownership secures mining access

- Meckering kaolin mine fully permitted

Altech previously announced that it had exercised its option to purchase the freehold land on 17 October 2017. Settlement of the purchase was subject to the subdivision of the registered land title; the issuing of certificates of title for the new lots created; and final payment of the purchase price, all of which have now been completed.

Kaolin ore from the Company's Meckering mining lease M70/1334 will provide feedstock for its proposed Malaysian high purity alumina (HPA) plant. Altech received mining approval for its Meckering kaolin mine in March 2017 and a works approval for the construction of a kaolin screening and loading facility in August 2017. The Meckering kaolin mine is fully permitted, with construction of the kaolin screening and loading facility able to proceed upon completion of the balance of project financing.

Managing director Mr Iggy Tan said, "Finalising the purchase of the freehold land covering granted mining lease M70/1334 marks the completion of another important milestone in the advancement of our HPA project. The land purchase will ensure unimpeded access to M70/1334 for Altech. The proposed Meckering kaolin mine is fully permitted and construction of the kaolin screening and loading facility and initial mining can proceed once the balance of project finance is secured", he said.

To view figures, please visit:
http://abnnewswire.net/lnk/8AG6YT57

Iggy Tan
Managing Director
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com 

Shane Volk
Company Secretary
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

Investor Relations (Europe)
Kai Hoffmann
Soar Financial Partners
Tel: +49-69-175-548320
Email: hoffmann@soarfinancial.com

Diversified minerals explorer and developer, Ardiden Limited (ASX:ADV) is pleased to advise that the Company is providing two shareholder briefing meetings to allow for a brief question and answer session in both Melbourne and Sydney.

These shareholder meetings will provide many shareholders the opportunity to meet with management and to openly discuss and ask questions about the Company's current exploration and development activities and plans.

Details of the shareholder briefing meetings are outlined below.

MELBOURNE

Location: Rydges Melbourne
Time: 1.30pm to 3.30pm
Date: Wednesday, 11 April 2018
Address: 186 Exhibition Street, Melbourne VIC 3000

SYDNEY

Location: Tank Stream Hotel
Time: 1.30pm to 3.30pm
Date: Thursday, 12 April 2018
Address: 97-99 Pitt Street, Sydney NSW 2000

Shareholders seeking to attend either the Melbourne or Sydney shareholder meetings, will need to confirm their attendance directly with Brad Boyle on bboyle@ardiden.com.au by no later than Monday, 9 April 2018, so seating and catering arrangements can be finalised at each of the venues.

Management are looking forward to meeting with and providing an update to shareholders.

Investors:
Brad Boyle
Ardiden Ltd 
Tel: +61-8-6245-2050

Media:
Michael Weir / Cameron Gilenko
Citadel-Magnus
Tel: +61-402-347-032 / +61-466-984-953

Alt Resources Ltd (ASX:ARS) (Alt or 'the Company') is pleased to announce the receipt to date of 1,600m of RC drilling results from the Emu Deposit at Bottle Creek, WA. Gold assays have been received from drillholes EMRC010 to EMRC020, and multi-element assays have been received for EMAC001 and EMRC004. Results up to 23.4 g/t Au (see Note 1 below), 29 g/t Ag and 0.57 % Pb (see Note 2 below) have been returned and are listed in detail in Table 1 and 2 (see link below). High gold grades occur within and alongside broad, consistently graded zones such as 35m @ 1.3 g/t Au (see Note 3 below).

HIGHLIGHTS:

- A second round of assays received from RC drilling at Bottle Creek has returned additional high-grade gold intercepts at Emu Deposit

- Grades up to 23.4 g/t Au intercepted

- Significant intercepts include:

o 22m @ 6.3 g/t Au, including 5m @ 10.6 g/t Au and 1m @ 23.4 g/t Au

o 29m @ 4.0 g/t Au, including 5m @ 7.2 g/t Au

o 35m @ 1.3 g/t Au, including 4m @ 4.3 g/t Au

o 5m @ 5.1 g/t Au

o 7m @ 2.4 g/t Au

o 8m @ 2.4 g/t Au

o 7m @ 2.0 g/t Au

o 7m @ 1.8 g/t Au

- Several holes ended in mineralisation, indicating possible further depth extensions

- Shallow mineralisation present close to surface, from 7m depth

- Results continue to support consistency and width of gold grade

- Multi-element assays reveal silver and lead mineralisation up to 29 g/t Ag and 0.57 % Pb in drillhole EMAC001

- Drilling is ahead of schedule, with 5,000m of the RC program completed

Gold mineralisation is present close to surface, with most results commencing above 50m depth. Furthermore, several drillholes ended in gold mineralisation (e.g. EMRC015, 016 and 020; see Figure 1 and 2 in link below), therefore the true width of these intercepts has not been determined. This demonstrates that gold mineralisation may have greater depth extent than previously thought, with possible repetitions of mineralised zones at depth. Alt is currently planning a series of deeper drillholes to test these concepts.

In addition to the new results reported here, a further 3,000m of samples have been delivered to the ALS laboratory in Kalgoorlie for assay, with results expected in the coming weeks.

Alt CEO James Anderson said; "Our results from drilling at Emu continue to demonstrate the widths and grades of gold mineralisation that we want to see in moving Bottle Creek towards resource definition and modernisation of the Project in general. This is a fantastic project, with tremendous scope for development of a processing hub at Bottle Creek. The Mt Ida Shear and associated structures form part of a very under-explored area that we see as an emerging gold district. Historical exploration of outlying prospects has been fragmented, with little time or effort spent in understanding the structure and controls on gold mineralisation in the area."

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

o EMRC010: 1m @ 1.2 g/t Au from 85m

o EMRC011: 7m @ 2.4 g/t Au from 14m

o EMRC012: 2m @ 1.2 g/t Au from 28m

-- and 8m @ 2.4 g/t Au from 34m
-- and 1m @ 1.3 g/t Au from 59m to EOH

o EMRC013: 2m @ 1.1 g/t Au from 43m

-- and 22m @ 6.3 g/t Au from 52m
-- including 5m @ 10.6 g/t Au from 60m

o EMRC014: 2m @ 1.3 g/t Au from 38m

o EMRC015: 3m @ 1.3 g/t Au from 105m to EOH

o EMRC016: 35m @ 1.3 g/t Au from 107m to EOH

-- including 4m @ 4.3 g/t Au from 109m

o EMRC017: 1m @ 1.7 g/t Au from 7m

-- and 7m @ 2.0 g/t Au from 10m

o EMRC018: 5m @ 5.1 g/t Au from 23m

-- and 1m @ 1.3 g/t Au from 43m

o EMRC019: 29m @ 4.0 g/t Au from 39m

-- including 5m @ 7.2 g/t Au from 60m

o EMRC020: 1m @ 1.6 g/t Au from 34m

-- and 7m @ 1.8 g/t Au from 57m
-- and 1m @ 2.2 g/t Au from 101m to EOH

Figure 1 - 3 (see link below) show cross-sections with new drilling and significant intercepts through the Emu Deposit. The location of new drillholes discussed in this release is given in plan view in Figure 3 (see link below). The cross-sections show the broad intercepts through the mineralised zone. Strong continuity is evident, particularly in sections A-A' and E-E'.

Two previous drillholes (EMAC001 and EMRC004, described in Alt's announcement of the 27th March, 2018) (see Note 4 below), were re-analysed for additional metals and other elements. These assays revealed anomalous silver and lead mineralisation associated with gold-rich zones. Significant results are listed in Table 2 (see link below) and include:

o EMAC001: 44m @ 3.2 g/t Ag from 32m

-- including 11m @ 5.8 g/t Ag from 50m
-- and 5m @ 0.3 % Pb from 55m
-- including 1m @ 0.6 % Pb from 56m

o EMRC004: 44m @ 5.3 g/t Ag from 37m

-- including 14m @ 0.2 % Pb from 39m
-- and 6m @ 0.3 % Pb from 66m

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 results continue to provide confirmation of historical intercepts, improve confidence in historical data, proves the continuity and grade of mineralisation in key parts of the Emu deposit. Further, gold mineralisation appears to continue at depth, with several drillholes ending in mineralisation. Additional drillholes are being planned at Emu and other areas of the Bottle Creek Project to test the continuity of gold mineralisation at depth. RC drilling for resource definition is ongoing.

Notes:

1 From drillhole EMRC013, 68-69m

2 From drillhole EMAC001, 81-82m and 56-57m, respectively

3 From drillhole EMRC016, 107-142m

4 See ARS announcement, 27th March, 2018: http://abnnewswire.net/lnk/7YK222BC

To view figures, please visit:
http://abnnewswire.net/lnk/Q31N9X0C

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

Thomson Resources (ASX:TMZ) is pleased to announce tin assays recently received from the 2018 drill campaign at the Bald Hill prospect near the old Ardlethan tin mine, NSW. Bald Hill is 12km south of the Ardlethan mine, or 20km south of the Bygoo prospects on the same exploration license (EL 8260). At Bald Hill, historic workings extend over one kilometer strike with multiple shallow pits and shafts. These include the old Maratholi pits at the southern end of the Bald Hill tin field which are the most accessible, situated within a ploughed field.

- Significant tin intercepts at shallow depths at Bald Hill

- Up to 15m at 0.4% Sn, including 6m @ 0.6% Sn recorded

- Further extension drilling strongly warranted

- Bygoo Joint Venture agreement amended

Three RC holes for 170m were drilled at the Maratholi workings to confirm interpreted mineralisation zones and strike extent of mineralisation.

Good tin grades were intersected in all three holes (see Figure 2 in link below).

- BHRC01- 15m at 0.4% Sn from 19m depth
o Including 7m at 0.5% Sn

- BHRC02- 17m at 0.3% Sn from 26m depth
o Including 6m at 0.6% Sn

- BHRC03- 16m at 0.2% Sn from 19m depth
o Including 6m at 0.3% Sn

All three holes obtained similar intersections of altered and greisenised granite of around 15m downhole width, with a distinct higher grade portion. Preliminary modelling shows that the intersections appear to have good continuity with the true width likely to be around 10m (see Figure 3 in link below).

Previous drilling at Maratholi by Shell Minerals in 1979 (two holes for 110m) recorded similar intersections to the new Thomson drilling (e.g. PBH16 24m at 0.2% Sn from 30m inc. 8m at 0.4%) and fall into the modelled zone (see Figure 2 in link below).

Of interest is the correlation between the tin mineralisation and reflective surfaces detected in a ground penetrating radar survey carried out by Thomson last year (see Figure 3 in link below). Two reflectors, a strong lower reflector and a shallower reflector, form a rectangular or diamond shaped area of bland or quiet response in which the tin mineralisation occurs. This may be indicative of the greisen alteration zone. Significantly, this lower reflector can be traced through the entire survey, which extends for 700m, north and south of the current drilling.

Based on its good RC drilling intersections and the results of the radar survey, Thomson believes that the southern end of the Bald Hill tin field has potential for significant tin mineralisation and warrants follow up drilling.

To the north of Maratholi, previous work defined a significant historic alluvial resource (described in Thomson's quarterly report of September 2016) based on 51 RAB holes and 7 percussion holes drilled between 1982 and 1983. The historic resource comprised 2.5M tonnes at 524 ppm Sn (0.05%) with an average thickness of 9.5m over a strike length of 1100m, containing 1,300 tonnes of tin metal. This alluvial tin deposit is not believed to have been sourced by Maratholi but from hard rock mineralisation from the Portal or Trig North areas (see Figure 1 in link below). Further drilling is needed at Portal or Trig North to locate the likely hard rock source of the alluvial deposit which has yet to be adequately tested by modern exploration (see Figure 1 in link below).

This historic resource estimate is not reported in accordance with the JORC code and it is uncertain that following evaluation and/or further exploration the resource will be able to be reported in accordance with the JORC Code. A competent person has not done sufficient work to classify this historic estimate in accordance with the JORC code.

Bygoo Farm In and Joint Venture agreement

An amendment to the Bygoo Farm In and Joint Venture agreement has been signed. The private Canadian investor (BeiSur OstBarat Agency Ltd.) is in negotiation with other parties (including listed company International Battery Metals Ltd - CSE:IBAT) to fund the outstanding payments. An interim payment of $350,000 was paid by BeiSur to Thomson on March 29th, with a further $350,000 due by April 30th. The last outstanding amount for BeiSur to gain its 51% interest in the joint venture is the $1.5 million payment that is due on June 30th, 2018. By paying a further $200,000 to Thomson as a direct investment by April 30th, 2018 BeiSur would get an option to defer this payment by up to 12 months: however a holding fee of $50,000 will be added to the amount for every month the payment is delayed past June 30th. Therefore the final payment will be $2.1 million if delayed till June 2019. In view of past delayed payments, EL 8531 (which includes Harry Smith Gold prospect) has been excised from the joint venture.

Bygoo Tin Project

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

At Bygoo North Thomson has intersected multiple high-grade tin intersections in a quartztopaz-cassiterite greisen including 11m at 1.0% Sn (BNRC10), 35m at 2.1% Sn (BNRC11), 11m at 1.4% Sn (BNRC13), 11m at 2.1% Sn (BNRC20), 29m at 1.0% Sn (BNRC33) and 19m at 1.0% Sn (BNRC40). The greisen zones appear to be steep to vertical; about 5-10m wide in true width; strike east-west; and the tin intersections appear to have continuity within the greisen.

As announced to the ASX on 21 November 2016, Riverston Tin PL (a wholly owned subsidiary of Thomson) signed a Farm-in and Joint Venture Agreement for its Bygoo Tin Project with a Canadian investor (BeiSur OstBarat Agency Ltd). Bei Sur (or nominee) can earn a 51% interest by contributing $A3 million in staged payments by 30 June 2018. Bei Sur then has an option to contribute additional $A22 million to earn a further 25% interest, which is exercisable until 1 October, 2018. This arrangement is now amended as described above in the body of the current release.

[For further information and the detail of the above see Thomson Resources ASX Releases of 21 November 2016, 28 June 2017 and 16 October, 2017]

To view tables and figures, please visit:
http://abnnewswire.net/lnk/2036S6KS

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

MMJ PhytoTech Limited (ASX:MMJ) ("MMJ") is pleased to announce that Cannabis Wheaton Income Corp (CVE:CBW) ("Cannabis Wheaton") has entered into a definitive acquisition agreement ("Acquisition Agreement" or the "Acquisition") to acquire all of the outstanding securities of Dosecann Inc ("Dosecann") for an aggregate amount up to CAD$38 million, payable in Cannabis Wheaton common shares ("Consideration Shares"). A copy of the announcement made by Cannabis Wheaton is attached (see link below).

MMJ holds a CAD$2.5 million convertible note in Dosecann ("Convertible Note"). This investment was made by MMJ as part of a CAD$7.5 million capital raising by Dosecann in January 2018 at a pre-money valuation of CAD$11.5 million, valuing Dosecann at the time at CAD$19 million. The Convertible Note gives MMJ the ability to acquire 2.5 million Dosecann common shares (that is, at CAD$1.00 per common share, before accounting for accrued interest).

MMJ also holds warrants in Dosecann that give MMJ the ability to acquire a further 1.25 million Dosecann common shares at CAD$1.20 per common share. MMJ is considering whether to exercise these in-the-money warrants or exchange them for similar instruments in Cannabis Wheaton.

As part of the Acquisition, MMJ's convertible note, plus accrued interest, will either be converted into Dosecann common shares and exchanged for Consideration Shares on the closing of the Acquisition or will otherwise be exchanged for convertible securities of Cannabis Wheaton based on the exchange ratio used in the Acquisition.

The Acquisition is subject to a number of conditions and is expected to close on or about 30 April 2018.

Jason Conroy, CEO of MMJ, said "We are delighted to have more than doubled our money on the investment in Dosecann in such a short space of time. It also shows that Canada remains a jurisdiction where corporate activity in the cannabis space can deliver significant returns on investment for MMJ's shareholders."

To view the release, please visit:
http://abnnewswire.net/lnk/6244R9SB

Investor and Media Enquiries:
Jason Conroy
Chief Executive Officer
E: jconroy@mmjphytotech.com.au

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Prospect Resources Ltd (ASX:PSC) ("Prospect" or "Company") is pleased to announce that Hunter Capital Advisors has today published a research report on the Company.

Hunter Capital Advisers is an independent, full service corporate advisory firm and has a strong reputation within the mining sector.

To view the report, please visit:
http://abnnewswire.net/lnk/1461I9HT

Hugh Warner
Prospect Resources Ltd
Executive Chairman
T: +61-413-621-652

Harry Greaves
Prospect Resources Ltd
Executive Director
T: +263-772-144-669
WWW: www.prospectresources.com.au

MMJ PhytoTech Limited (ASX:MMJ) ("MMJ") notes the attached news release (see link below) by Harvest One Cannabis Inc. (CVE:HVT) ("Harvest One") confirming that Harvest One has mandatorily converted its convertible debentures into common stock. As a result, MMJ's current shareholding of 53.33 million common shares in Harvest One represents approximately 34.4% of their total outstanding shares.

To view the release, please visit:
http://abnnewswire.net/lnk/88568928

Investor and Media Enquiries:
Jason Conroy
Chief Executive Officer
E: jconroy@mmjphytotech.com.au