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Asia Business News

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    Argent Minerals Limited (ASX:ARD) (Argent, or the Company) is pleased to report that a significant new milestone has been achieved for the Kempfield polymetallic project - the successful separation of primary material into potentially marketable commercial grade zinc and lead concentrates also containing silver and gold.

    Highlights:

    o High quality commercial grade separate concentrates achieved: zinc (54-59%), and lead (47-64%).

    o Excellent zinc recoveries: 87-92% - the dominant base metal of the deposit.

    o High combined recoveries for silver (75-85%) and gold (66-90%).

    o Kempfield repositioned as an economically viable polymetallic project with zinc, silver, lead and gold revenue streams from separate saleable zinc and lead concentrates.

    o Industry standard flotation process design for potentially favourable capex and opex.

    o Drilling to proceed as the top priority.

    The extraction of zinc and lead into separate concentrates marks a significant advance towards project development, as the Company pursues the redefinition of Kempfield as an economically viable polymetallic project with multiple revenue streams at prevailing market prices.

    Under the project redefinition validated by today's results, zinc becomes the major contributor to potential revenue, followed by silver, lead and gold - substantially boosting the economics and de-risking the project.

    In addition to potentially taking advantage of favourable market conditions for zinc producers, the polymetallic scenario retains significant upside leverage to any future silver price escalation that may occur.

    About the metallurgical test results

    The following results were achieved by a flotation test followed by the regrinding of lead rougher concentrates and conducting a series cleaning tests for separate lead and zinc flotation circuits:

    Table 1 - Metallurgical test results summary (1)

                Grade          Recovery
    Zinc        54-59%         87-92%
    Silver      Up to 977 g/t  75-85%(2)
    Lead        47-64%         44-53%(3)
    Gold        Up to 16 g/t   66-90%(2) 
    


    Notes:

    1. The results are displayed in approximate decreasing order of each metal contribution to potential revenue, from the highest (zinc) in the top row of the table;

    2. Silver and gold grades and recoveries depend on the final flowsheet design, and optimisation for prevailing commercial conditions; several potential concentrate product take-off points are provided by the tested process flowsheet.

    3. Further potential process improvements have been identified for increasing lead recoveries, for incorporation into ongoing testwork.

    About the quality of the concentrates

    The achieved zinc and lead grades are considered to be high grade in the context of the typical industry-accepted guideline of the order of 50% concentration, and comfortably within publicly reported historical smelter contract requirements.

    The commercial impact of deleterious elements is estimated to be very low with penalties estimated to be zero for the lead concentrate and less than 1.3% of the total potential net smelter revenue (NSR) for the zinc concentrate.

    Based on these metallurgical test results (and subject to further metallurgical testing), Argent's project modelling indicates that production concentrate silver grades could be up to four times the grades reported in Table 1. This is because the available drill core suitable for making the metallurgical testwork composite sample had approximately a quarter of the average silver grade of the Kempfield deposit.

    Capex and opex benefits - industry standard process design

    The test results also showed that:

    o Optimum commercial performance is achievable by a relatively simple process.

    - Whilst the performance of product from different stages of the process was evaluated, the optimum commercial result (after taking into account smelter terms and conditions assumptions) is estimated to be provided by the 1st cleaner stage for both the zinc and lead concentrates - a relatively simple process design implying reduced process plant capital expenditure requirements.

    - Argent's modelling of the above scenario indicates potential revenue stream contributions to NSRi comprising zinc (45%), silver (36%), lead (11%), and gold (8%) - at recent market pricesii and the Company's estimates for smelter contract terms and conditions based on available information.

    o Primary grind particle size well within industry peer process plant design practice.

    - Whilst the tests included a primary grind size down to P80 = 40 µm, the results showed that P80 = 53 µm was sufficient for achieving the target concentrate grade and recoveries, implying reasonable electrical power requirements.

    - a lead rougher concentrate regrind particle size distribution of P80 = 15 µm was sufficient to produce the lead 1st cleaner concentrate. The design required only 2.6% (by weight) of the feed material to be reground for further refinement.

    Next steps for metallurgical testing

    The next steps for metallurgical testing are envisaged to include variability testing across the various mineralogical domains of the Kempfield deposit. This will require additional samples to be collected. The metallurgical engineer has prescribed a highly cost-efficient method based on collecting samples from reverse circulation (RC) drilling and protecting the samples from oxidation by storage within nitrogen-filled containers prior to freezer storage at the metallurgical laboratory facilities. This method has been determined by the metallurgical engineer as appropriate for the current stage of the Kempfield project, avoiding the need for costly dedicated metallurgical diamond drilling whilst making use of samples obtained for exploration and resource infill drilling.

    Drilling to proceed as the top priority

    Following its review of the Company's projects, the Argent board has determined that drilling is to proceed at Kempfield as the top priority.

    Planning is underway for an initial drilling programme, the design of which is guided by the new geological model and the Company's internal project economics model that has been updated based on today's metallurgical results.

    The drill plan and strategy will be announced separately to the ASX on completion of the design work.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/HU9NMBA3

    David Busch
    Chief Executive Officer
    Argent Minerals Limited
    M: 0415 613 800
    E: david.busch@argentminerals.com.au

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    Lithium exploration company Lake Resources N.L. (ASX:LKE) ("Lake" or "LKE") has completed the first rotary drill hole to 240 metres with slotted casing in place to 237 metres to allow testing and sampling at the Company's 100%-owned Kachi Lithium Brine Project in Catamarca province, Argentina.

    - A third drill rig has started at Lake's 100%-owned Kachi Lithium Brine Project in Catamarca Province, Argentina.

    - The additional diamond drill rig will assess the geology and stratigraphy while the other drill rigs are rotary rigs.

    - Drilling was completed in the first rotary drill hole to a depth of 240 metres with encouraging indications of conductive brines in thick sandy aquifers. Testing and results will be reported in the coming weeks.

    - Lake's Olaroz-Cauchari Project continues to look promising given the recent results from the adjoining leases showing high grade lithium with high flow rates. Lake has progressed with the process to have drilling approved adjacent to this area.

    Kachi Lithium Brine Project, Catamarca - Update on drilling

    Conductive brines were intersected in two thick sandy aquifers but these horizons have proven challenging to drill with rotary and diamond drill rigs. Testing and results will follow in the coming weeks.

    Based on the solid progress being made at Kachi, a third rig - a diamond drill rig - has been deployed and commenced operations adjacent to the second rotary drill rig, 11 kilometres to the south east of the recently completed rotary drillhole to assess whether the same conductive sandy aquifers can be intersected. The diamond drilling company has an excellent track record of drilling brines under salt lakes in Argentina. The intention is to assess which of the three rigs produces the best results and the drilling programme will then be extended based on these outcomes.

    Olaroz - Cauchari Lithium Brine Project, Jujuy - Update on nearby drilling results

    Further high-grade lithium brine results averaging 476 mg/L lithium with other holes up to 720 mg/L lithium with high flow rates of brines were reported from the leases immediately adjoining Lake's leases at the Cauchari Lithium Brine Project in Jujuy province by Advantage Lithium and Orocobre (ASX:ORE) (OTCMKTS:OROCF).

    Lake's subsidiaries have progressed with the process to have drilling approved adjacent to this area and it is Lake's intention to target the same aquifers.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/VN6C7142

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

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    The securities of Topbetta Holdings Ltd (ASX:TBH) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company.

    Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Monday, 16 April 2018 or when the announcement is released to the market.

    Charly Duffy
    Company Secretary
    E: companysecretary@topbetta.com
    M: + 61-409-083-780
    
    Jane Morgan
    Investor & Media Relations
    E: investors@topbetta.com
    M: +61-405-555-618

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    Rumble Resources Ltd (ASX:RTR) (FRA:20Z) ("Rumble" or "the Company") is pleased to provide an update on the Company's planned 2018 exploration programs. Rumble has commenced exploration on the Braeside, Munarra Gully, Nemesis and Earaheedy projects with all 4 projects on track to be drilled tested over the following months. These drill programs provide shareholders with multiple near term catalysts to have a significant re-rating, with each drill program a chance to make high grade discoveries.

    Highlights

    Braeside - High Grade Zn-Pb-Cu-Ag-V Project

    - Geological mapping and detailed sampling aimed at generating drill targets has commenced. Includes follow up of the new Devon Cut high grade zinc discovery and delineating new high order drill targets

    - First drill program for 2018 on track to commence late May 2018

    Munarra Gully - High Grade Cu-Au Project

    - Ground TEM (transient electromagnetic) traverses over the White Rose prospect targeting semi to massive copper +/- nickel sulphide conductors has commenced.

    - Orientation soil sampling completed over magnetic features

    - Drilling on track to commence late April 2018

    Nemesis - High Grade Au Project

    - Mapping and analysis to determine the plunge extent of the historic high-grade gold mine to generate drill targets has commenced

    - Drilling on track to commence late April 2018

    Earaheedy - High Grade Zn Project

    - Partial leach soil sampling completed (awaiting assays) over gravity targets

    - EIS Application Lodged

    - Drilling scheduled for July 2018

    Braeside - High Grade Zn-Pb-Cu-Ag-V Project During 2017, Rumble completed the first ever modern systematic exploration at the Braeside project which included soil sampling (regional and infill), Heli - VTEM and prospect geological mapping with grab sampling which generated thirteen (13) targets that were subsequently tested by nineteen (19) first pass reconnaissance RC drill holes. Significantly in the first ever RC Drilling program conducted at Braeside, seventeen (17) of the drill holes intersected anomalous Zn-Pb mineralisation with eight (8) of the targets delineating significant Zn-Pb (> 1% Pb/Zn) mineralisation along with a new high grade zinc discovery at the Devon Cut Prospect - 5m @ 8.0% Zn, 0.35% Pb from 32m inc 1m @ 21% Zn and 0.97% Pb from 34m.

    The latest sampling and multi-element analysis of RC drilling has reinforced the geological/exploration model developed by Rumble that infers the Braeside base metal mineralisation is likely associated with wide pervasively altered fracture/fault zones which are feeder faults associated with porphyritic rhyolite.

    Base metal mineralisation is associated with significant widths of alteration, at the Barker Well Prospect, the alteration (silica - sericite - chlorite) is >100m in width and is anomalous in base metals (124m @ 0.19% Pb - entire hole). Elevated Hg (mercury) and In (indium), associated with base metals is indicative of high level porphyry related base metal systems.

    The last round of grab sampling in 2017 returned high-grade vanadium assays from the Devon Cut prospect area. Regional mapping and interpretation has outlined an extensive north trending mafic dyke sequence (both cross cutting and conformable to lithologies) which is magnetic and vanadiferous, which is the likely source of the vanadium. The style of mineralisation and results to date provide confidence there is a high chance of economic deposits or a camp of deposits. Rumble is targeting high-grade fault breccia pipe type deposits (2-5Mt of high-grade Zn and Pb). In addition to this target type, recent sampling has shown that base metal mineralisation is closely associated with wide zones of alteration, in the case of Barker Well Prospect, over 100m in width. Rumble considers there is potential for larger tonnage lower grade disseminated base metal deposits (30-50Mt).

    Soil sampling conducted during 2017 has been the most effective tool to highlight the base metal mineralised trends and structures. Follow up grab sampling has been limited to only a small percentage of the available Zn/Pb soil anomalies and in most cases, grab sampling has confirmed mineralisation within the soil anomalies with high-grade base metal values.

    Within granted tenement E45/2032 there are eleven (11) groups of significant base metal in soil anomalism. Of these groups, only four (4) have been partly tested with the latest reconnaissance RC drilling. In the case of the Devon Cut and Barker Well Prospects, only single holes have been completed (both returned very significant mineralisation including a new Zn discovery).

    To put into context the high level of prospectivity for the Braeside Project, the soil anomaly associated with the Devon Cut Zn (with Pb) discovery is approximately two (2) km long. Elsewhere in E45/2032, significantly larger base metal anomalies (multiple zones with strike lengths up to 8km) have yet to be tested.

    2018 Exploration Status at Braeside:

    E45/2032 (Fieldwork commencing in late April 2018)

    - Detailed geochemistry (soil and grab sampling) and geological mapping - drill target generation

    o Rumble will follow up the new high-grade zinc discovery at Devon Cut and strong base metal mineralisation discovered at Barker Well identified by the recent RC drilling.

    o Numerous High-Grade Zn - Pb - Cu - Ag - Au - V Targets identified at Braeside Project from infill soil and rock chip sampling have been defined within E45/2032 and remain untested which will be the focus for new drill target generation.

    o High grade vanadium mineralisation to be investigated.

    - RC and Diamond Drilling

    o RC Drilling which will follow up the recent discoveries and newly generated first order targets - On track for late May 2018

    o A Diamond Drilling programme is planned to follow up significant mineralisation defined by the RC programme - Scheduled for later in 2018

    E45/4873-E45/4874 and P45/3037

    o First pass geochemistry (soil, stream sediment and grab sampling) of newly granted tenements - Commenced

    Munarra Gully High Grade Cu-Au with Ni-Co Project

    At Munarra Gully Rumble is targeting a highly prospective ultramafic intrusion with significant copper gold mineralisation and elevated nickel-cobalt. The initial target is the White Rose Prospect located near and around the two open cuts where shallow historic RAB drilling has defined exceptional copper-gold mineralisation that is completely open along strike and at depth:

    - 40m @ 0.66% Cu, 4.85 g/t Au from surface to end of hole.

    - Inc 8m @ 1.32% Cu, 22.75 g/t Au from 24m

    Over the last 8 to 10 years, the current owner established a small gold plant (ball mill and Knelson concentrator) to process shallow saprolitic (oxide) gold mineralisation defined by the previous RAB drilling. No official gold production is known however during the 1980's an extensive alluvial gold operation covered most of M51/122 with a reported production of "12,300t of surface alluvium producing 234 oz of gold" (refer to recent announcement 27th February - JORC table for Open File reference). Base metals were not targeted.

    The owner developed two small open cuts (down to 20m) which exposed a weathered (nontronite-talc saprolite) ultramafic intrusion at least 50m in width. The ultramafic unit did not surface and was covered by alluvium and hardpan which masked the copper anomalism.

    Grab sampling completed by Rumble and others identified consistent copper, gold, nickel and cobalt in weathered ultramafic rocks exposed in the two small pits (currently being mined for gold). Results include:

    - 0.68% Cu (ave of all 33 samples collected), Up to 2.1% Cu, Au to 1.9 g/t, Ni to 0.37% and Co to 0.11%.

    Rumble considers the copper-nickel bearing ultramafic unit at the White Rose Prospect to be highly prospective for disseminated to massive copper +/- nickel sulphide mineralisation. The ultramafic unit is inferred to strike over 8km.

    2018 Exploration Status at Munarra Gully:

    M51-122

    - Ground TEM over the White Rose Prospect

    o Ground TEM (transient electromagnetic) traverses over the White Rose prospect targeting semi to massive copper +/- nickel sulphide conductors which cover the historic exceptional drilling results, which have not been tested for depth extension - Commenced

    - RC drilling of conductors/ultramafic - White Rose Prospect - M51-122

    o On track for late April 2018

    E51/1677

    - Surface Geochemistry.

    o Orientation soil programme over the "Blowout" targets - Completed - awaiting results.

    Nemesis High Grade Au Project

    The Nemesis Project hosts the historic workings at the Nemesis Au mine which were worked to a maximum depth of 70m with three steep plunging high-grade gold (average grade of 98 g/t Au) shoots (85deg to the east) over a strike length of 60m. The shoots are stacked and the plunge of the stacking is moderate to the east within the Nemesis Shear Zone.

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

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

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

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

    Important information on previous drilling:

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

    - Previous drilling focused on delineating shallow oxide mineralisation

    - Historic RC drilling completed along the nemesis shear Zone tested on average to a vertical depth of 35m.

    2018 Exploration Status at Nemesis:

    - Mapping

    o Map and determine the plunge extent of the high grade gold mine to generate drill targets - Commenced

    - RC drilling targeting high grade gold lodes mineralisation at the Nemesis mine area

    o On track for late April 2018

    Earaheedy High Grade Zn Project

    Broad spaced drilling (completed in the 1990's) defined several prospects containing oxidised and primary Zn-Pb mineralisation (zinc dominant) associated with a flat lying to shallow northeast dipping laterally continuous dolomite horizon with over 20 kilometres strike. The initial drill spacing was 5 to 10km. The current drill spacing is approximately 1km by 1km.

    - Historical drilling discovered high-grade zinc up to 18.6% within an intersection At 'Navajoh', of 7.3 metres @ 6.1 % Zn, 0.77% Pb (including 3.3 metres @ 11.2% Zn, and 0.93% Pb) remains untested for 500 metres to 1 kilometre in all directions.

    - At 'Magazine' there are no follow up holes within a 1kilometre radius of a discovery intersection of 11 metres @ 3.5% (Zn + Pb) which includes 2 metres @ 8.2% Zn, 2.8% Pb).

    Review of the historic drilling has concluded that approximately half the drill holes did not intercept the target horizon. A total of 64 drill holes were completed within the project area (E69/3464) with only 35 drill holes intercepting the stratiform zinc horizon (including partial end of hole intercepts). Rumble completed additional structural interpretation from magnetics and also completed a study on the relationship of metal zonation with respect to Zn:Pb ratios determined from drill hole data. Rumble considers the exploration model for the Earaheedy Project to be analogous to well known MVT (Mississippi Valley Type) base metal deposits worldwide.

    Based on the wide spaced drilling, widespread flat lying zinc and lead mineralisation and significant high-grade intercepts (3.3m @ 11.2% Zn), the potential for moderate to high angle fault breccias with significant/economic mineralisation is high. The target size is 10Mt, similar to the Pillara (Blendevale) Zn - Pb deposit located in the Devonian limestones of the Lennard Shelf, Kimberley Region, Western Australia. The Pillara deposit produced 10.3 Mt @ 6.9% Zn and 2.3% Pb. Of note, the discovery drill-hole (8m @ 8.9% Zn, 3.5% Pb below 210m) at Pillara, was the 136th drill hole in the area.

    In early 2018 Rumble completed a gravity survey which was designed to cover the interpreted strong zinc metal endowment as defined by structural contouring (Zn%-m) along with higher grade Zn drilling intercepts within the south-eastern portion of granted tenement E69/3463.

    Preliminary interpretation of the gravity data outlined a number of non-magnetic and non-topographic related gravity anomalies and trends that lies close to both northwest (basement faults) and northeast (cross faults) structures.

    2018 Exploration Status E69/3463:

    - Partial leach geochemistry

    o A partial leach surface geochemical sampling program comprised of 370 samples on 200m x 200m spacings to cover the gravity trends and anomalies with the aim to help delineate base metal leakage haloes associated with potential mineralised fault breccias. Completed - awaiting assays results

    - RC/Diamond Drilling gravity/structural high-grade zinc targets

    o Scheduled for July 2018

    To view images and figures, please visit:
    http://abnnewswire.net/lnk/170LQOZ6

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

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    Sayona Mining Limited (ASX:SYA) ("Sayona" or the "Company") is pleased to announce an updated independent JORC Mineral Resource estimate for the Authier lithium project.

    Highlights

    - Mineral Resource increased following Phase 3 drilling program

    - 86% of the new Mineral Resource in the Measured and Indicated categories

    - Potential to expand the resource through further drilling

    - Expanded Mineral Resource to be incorporated into the Definitive Feasibility Study

    The expanded, JORC 2012 compliant Mineral Resource estimate has been increased from 186,939 tonnes to 209,476 tonnes of contained lithium oxide compared to the November 2017 estimate. The new resource includes in-pit, infill mineralisation in the eastern and central part of the Authier Main resource, and a depth extension of the Main Authier pegmatite in the west zone. In addition, The Northern Pegmatite resource has been expanded to include new mineralisation from the Phase 3 drilling program which extended the mineralised strike from 300 metres to 500 metres.

    Table 1- Authier JORC Mineral Resources Estimate (0.45% Li20 cut-off grade)

    Category   Tonnes (Mt) Grades %Li20 Contained Li20
    --------------------------------------------------
    Measured    6.09       1.01%         61,509
    Indicated  11.55       1.04%        120,120
    Inferred    2.82       0.98%         27,636
    -------------------------------------------
    Total      20.46       1.02%        209,265
    


    The Mineral Resource has been estimated and reported in accordance with the guidelines of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012). A summary of the estimation methodology and competent person statement is included in this announcement.

    The new mineral resource will be incorporated into the Definitive Feasibility Study ("DFS") that is currently underway. On completion of the DFS the Company will report a new JORC compliant Ore Reserve estimate.

    To view all tables and figures, please visit:
    http://abnnewswire.net/lnk/02E3ZISH

    Corey Nolan
    Chief Executive Officer
    Phone: +61-7-3369-7058
    Email: info@sayonamining.com.au
    www.sayonamining.com.au

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    Emmerson Resources Limited (ASX:ERM) (OTCMKTS:EMMRF) provides the opportunity to view a video interview by ProactiveInvestors Stocktube with Rob Bills, Managing Director.

    To view the video, please visit:
    http://www.abnnewswire.net/lnk/K8O6J1XR

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

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    Investorium.tv announces the addition of Blockchain196.com CTO Stephane Savanah presenting to an audience of Capital Markets investors and Live Webcast from "The Studio" at Sydney Tower on Monday 16th April from 5PM.

    Stef is a Blockchain expert and has acquired deep technical expertise in blockchain technology through R&D primarily in Bitcoin over the past four years. He is the co-inventor on 57 UK patent applications submitted by nChain Ltd. He earned his PhD at the ARC Centre of Excellence in Cognition at Macquarie University, where he researched the nexus between consciousness and human, animal, and artificial

    The program includes:

    - Introduction To Blockchain and Cryptocurrency with Martin Rogers

    Independent Reserve was founded in 2013 in Sydney, Australia with the mission to transform digital currency technology into secure, robust and regulated financial services, and do things the right way. Their foundation is a strong and experienced executive team, with a broad range of skills in corporate leadership, financial markets, software engineering and regulatory compliance.

    Website:
    http://www.independentreserve.com

    - PlayUp with Daniel Simic - Global Sports Gaming ICO

    Playup, a digital sports and fantasy gaming application with 400 thousand users around the world is migrating their playchip token to the blockchain. What does this mean? Instant Cryptocurrency liquidity!

    Website:
    http://www.playup.com/ico

    To register to view the live webcast or attend the evening as an investor, please visit:
    http://www.investorium.tv

    Investorium.tv Team
    T: +61-8-8317-0000
    www.investorium.tv

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    Australia-based PlayUp Limited, the developer, owner and operator of leading-edge technologies focused on live sports entertainment in the online gaming and daily fantasy sports sector, has acquired Draftstars from CrownBet.

    - Acquisition of Draftstars delivers significant growth opportunities in Australia for PlayUp

    - PlayUp set to become the global market leader in blockchain-enabled Fantasy Sports, Sports Betting, Wagering and Online Gaming

    - The 'PlayChip', a universal gaming currency built on the Ethereum blockchain, will be integrated within Draftstars

    Draftstars is Australia's largest daily fantasy sports (DFS) platform. The acquisition forms part of PlayUp's international growth strategy while allowing CrownBet to focus on its core wagering business.

    The Draftstars platform has more than 100,000 active users and provides opportunities to wager on daily fantasy sports games spanning major local and international sporting codes such as the AFL, NRL, NBA and more. PlayUp will continue to operate and grow the Draftstars brand.

    Draftstars was founded by Matt Tripp and the James Packer backed CrownBet in April 2015 with Seven West Media, Fox Sports and the AFL becoming shareholders in the venture. Within a short period of time, Draftstars became the clear Australian market leader and dominant player in Daily Fantasy Sports. Draftstars attracted professional talent such as Wendall Sailor (ARL) and Barry Hall (AFL).

    PlayUp is seeking acquisitions of cash-based fantasy sports betting platforms as well as other wagering operators globally, providing those as well as other independent platforms with a new, turnkey universal gaming currency solution. This solution is the 'PlayChip', which will be the world's largest fully integrated blockchain enabled and cryptocurrency for gaming and wagering.

    Matt Tripp commented: "PlayUp's innovative strategy to grow Fantasy Sports and create global liquidity in cash and cryptocurrency via its 'PlayChip' will be an exciting journey. We are glad that Draftstars now forms part of PlayUp's offering and that the effort put into growing the Draftstars brand and client base will add to PlayUp's success."

    PlayUp CEO Daniel Simic said: "Draftstars is an ideal acquisition for PlayUp delivering immediate and significant growth in our Australian user base and a highly recognisable daily fantasy sports brand that we will continue to grow and enhance. Over time, we will integrate the PlayChip within Draftstars as an additional currency."

    PlayUp Background:

    PlayUp is a fully operational Fantasy Sports, Sports Betting and Online Gaming Platform. PlayUp currently has approximately 400,000 registered users and is represented by global sporting icons such as Brett Lee, who has amassed a social network of over 4 million sports fans.

    PlayUp currently employs 27 fulltime employees with offices in Sydney (HQ), Melbourne, Darwin and Hong Kong. PlayUp Interactive Pty Ltd, a wholly owned subsidiary of PlayUp Limited is a licensed gambling operator in Australia.

    PlayUp will deliver the worlds first fully-integrated, blockchain enabled global fantasy sports, online sports betting and gaming ecosystem. Underpinning its ecosystem, is the PlayChip Utility Token - a crypto-currency built on the Ethereum blockchain, specifically designed for use as a universal payment and rewards system for the online gaming industry.

    The PlayChip will form the foundation to facilitate the decentralisation of the PlayUp platform and allow sports fans to connect, compete and collect, irrespective of their location.

    Enquiries:
    Michael Henderson
    DEC PR 
    Phone +61 413 054 738 
    m.henderson@decpr.com.au

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    Lithium Power International Limited (ASX:LPI) ("the Company") provides this announcement in response to information contained in a "Mergermarket" article dated 12 April 2018. The article quotes LPI CEO Martin Holland regarding the potential divestment of LPI's Western Australian exploration assets and certain other potential transactions.

    LPI is pleased to advise that it is considering a range of options regarding its Western Australian assets (Pilbara and Greenbushes), including the potential disposal of the assets, joint venture arrangements or spinning out the assets into a newly listed vehicle. It has recently received approaches from two potential transaction partners with respect to the assets and from time to time engages in confidential discussions with other parties as part of its regular business activities.

    The article refers to estimated valuations of LPI's Western Australian Projects. LPI advises that there is no basis upon which that valuation was determined and that these statements contained in the article should be disregarded. Investors should not rely on these estimated valuations for their investment decisions.

    The Company wishes to emphasise that there is currently no actual or proposed transaction with respect to its Western Australian assets and that the Company is considering various options for the development or monetisation of those assets as part of its regular business activities. In any event, no transaction for those assets may eventuate and no determination has been made by the Board with respect to any potential transaction.

    LPI further updates the market on the progress of the sale of its Centenario project to Albertson Resources (as previously disclosed to ASX). The transaction is currently due to close on or before 30 April 2018. In the event that the transaction does not close by this date, the parties will explore options which may include an extension of the closing date or a joint venture. LPI advises that no agreement has been reached with Albertson Resources with respect to these options and will update the market as and when required.

    Finally, the Company advises that the non-binding Memorandum of Understanding with Fulin Group that was disclosed to the ASX in November 2017 has recently expired. The Company remains in discussions with Fulin Group and regularly receives unsolicited inquiries from other potential offtake, project funding and/or construction funding partners as part of its normal business operations.

    However, the Company does not have the present need, or intention, to enter into arrangements with funding joint venture or offtake partners and as previously disclosed to ASX is fully funded through to the final investment decision at Maricunga.

    Upon making the final investment decision, the Company will seek appropriate project funding to finance the construction of Maricunga. As disclosed in the Preliminary Feasibility Assessment, released in January 2018, the estimated cost of construction for the Maricunga project is US$360m. To date the Company has received several unsolicited informal inquires to fund the construction of the Maricunga, however the Company does not intend to further progress these inquires until the completion of all matters leading to the finalisation of the Definitive Feasibility Study.

    Martin C Holland - CEO
    E: info@lithiumpowerinternational.com
    P: +612 9276 1245
    www.lithiumpowerinternational.com

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    Mustang Resources Limited (ASX:MUS) (OTCMKTS:MTTGF) (Mustang) refers to its announcement made on 11 April 2018, entitled "Maiden Ruby Sales from Newly Established Office in Thailand".

    The Company has identified a numerical (spreadsheet) error in the historical sales database for carats sold and the average value per carat received. The sentence reporting those items should read:

    "Total sales of A$1.23 million have been generated since September 2017 to date from the sale of 100,184 carats at an average price of A$12.29 per carat."

    In addition, the Company received an insurance claim pay-out of A$423,650 from the theft of 19,000 carats as announced in September 2017, resulting in total revenues of $1.655 million since September 2017, rather than the $1.757 million as reported in the original announcement.

    The sales figure of $230,953 for maiden sales from the Chantaburi office in Thailand is unchanged.

    Mustang's Managing Director, Dr Bernard Olivier, said: "It is regrettable that the historical sales database contained an error and we have now conducted a full internal audit of all of our historical sales and stock figures and are also upgrading our database and accounting software and systems to ensure that no further errors occur with the reporting of these historical sales figures."

    A corrected replacement release is attached hereto (see link below).

    To view the release, please visit:
    http://abnnewswire.net/lnk/Q5F7S0N3

    Managing Director: 
    Bernard Olivier 
    E: bernard@mustangresources.com.au
    M: +61-4-08948-182
    T: +27-66-4702-979
    
    Media & Investor Relations: 
    Paul Armstrong
    E: paul@readcorporate.com.au
    T: +61-8-9388-147

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    New drill and rock chip assays together with an interpretation of ground gravity data have identified new drill targets along the Welcome Jack Trend, located 1.5 kilometres east of the Commonwealth-Silica Hill area at Impact Minerals Limited's (ASX:IPT) 100%-owned Commonwealth Project, 100 km north of Orange in New South Wales (see Figure 1 in link below).

    These drill targets will be tested as part of an upcoming drill programme that will also follow up exceptional gold and silver results recently returned from the Silica Hill Prospect (see announcement dated 13th February 2018). The drill programme should commence by late June subject to approvals.

    New Results

    The new assay results demonstrate high grade gold and silver is associated with barite (barium sulphate) and linear zones of silicification over a strike length of at least 2,000 metres along the Welcome Jack Trend. In the south these zones occur around the margins of a diorite intrusion exposed at surface (see Figure 2 in link below).

    Impact has previously shown that barite is an important pathfinder element for the exploration model proposed for the Commonwealth project but is costly to assay for and not done routinely (see Discussion below and announcement dated 31st May 2017).

    Key results include (see Figure 2 in link below):

    - In Impact's 2017 drill programme, drill hole CMIPT053 was drilled under old gold workings at the Welcome Jack Prospect and returned:

    o 2 metres at 5.7 g/t gold and 0.4% barium from 28 metres down hole including
    1 metre at 8 g/t gold and 0.45% barium from 29 metres.

    - A rock chip sample taken 700 metres north of CMIPT053 returned:
    17.0 g/t gold, 11 g/t silver and 0.34% barium. This area has not been drilled.

    - At the Walls Prospect 800 m to the south of Welcome Jack a 20 metre thick silver-gold zone was discovered in CMIPT027 (see announcement dated 30th June 2016). New re-assays of two anomalous samples for barium within this zone returned:

    o 1 m at 2.9 g/t gold, 144 g/t silver and 0.2% barium and

    o 1 m at 1.0 g/t gold, 46 g/t silver and 0.8% barium within the thicker zone of
    20 m at 0.5 g/t gold and 27 g/t silver from 55 metres.

    - At the Stringers Prospect located 500 metres south of the Walls Prospect, rock chips returned up to 6.3 g/t gold and 120 g/t silver associated with massive barite with assays of up to 23.0% barium.

    All of these results are associated with large and extensive gold-silver-barium-in-soil anomalies, which at Walls and Stringers occur around the margins of the diorite intrusion (see Figure 2 in link below).

    Images of previously collected ground gravity data show that the diorite, and particularly the western half, is characterised by a gravity high (see Figures 2 and 3 in link below). An outcrop of similar diorite is also associated with the edge of a gravity high at Welcome Jack and is also adjacent to one of the gold-silver-barium-in-soil anomalies (see Figures 2 and 3 in link below).

    This association suggests gravity highs along the Welcome Jack Trend may represent buried but relatively near surface diorites.

    Two other gravity highs with strong gold-silver-barium-in soil anomalies along their margins are also readily identifiable in the data (see Figure 3 in link below). The gravity highs are interpreted as potential buried intrusions and accordingly these areas are attractive drill targets for high grade gold, silver and barite preserved at depth. Impact proposes to drill these priority targets in the upcoming drill season

    Discussion

    Impact has previously shown that barite is an important pathfinder element for the exploration model proposed for the Commonwealth project; that is, gold-rich volcanogenic massive sulphide mineralisation similar to the Eskay Creek deposit in British Columbia (>3 million ounces of gold and 180 million ounces of silver;) and potentially underlain by a porphyry copper-gold system (see Figure 4 in link below and see announcement dated 31st May 2017) .

    For example barite is intimately associated with the massive sulphide deposit at Main Shaft (see Figure 1 in link below) where a key drill result was returned from CMIPT031 of:

    7 metres at 6.3 g/t gold, 496 g/t silver (15.9 ounces), 7.2% zinc, 2.9% lead and 9.0% barium from 91 metres including 3 metres at 10.6 g/t gold, 571 g/t silver (18.4 ounces) 7.8% zinc, 2.1% lead and 14.9% barium.

    Unfortunately high levels of barium (>3,000 ppm) can only be assayed accurately at high levels by a costly X-Ray Fusion analysis. Accordingly barium assays are not done routinely on drill core and only selected samples, including those reported above, were chosen to ascertain the likely distribution of barium along the Welcome Jack Trend.

    The fact that every sample assayed along the Trend returned high levels of barium is considered to be very encouraging for further exploration.

    In addition it is possible that the diorites are part of an intrusive complex interpreted to underlie and be driving the entire mineralised system at Commonwealth-Silica Hill-Welcome Jack. This is a key feature of the model proposed by Impact for the area which suggests that such an intrusive complex may contain a porphyry copper-gold deposit at depth similar to Cadia-Ridgeway and North Parkes (see announcement 31 July 2017 and Figure 4 in link below).

    Next Steps

    All of Impact's work indicates that the mineralised system in the entire Commonwealth-Silica Hill-Welcome Jack Trend is part of one very large system covereing at least 5 sq km in area. In all likelihood the mineralisation at the different locations is connected and may represent different parts of an obliquely exposed, vertically zoned system (see Figure 4 in link below).

    Large areas of this system remain untested by drilling and it is evident that there is signficant exploration upside in the area.

    The nature of the mineralisation at Silica Hill with the extensive visible silver minerals proustite and pyrargyrite is unique in Australia. Therefore a detailed review and synthesis of all the drill hole data including assays, hand held XRF data and geological and structural data has been completed and the next round of drill targets has been identified.

    The next drill programme will commence as soon as practicable and hopefully before the end of June. Statutory approvals for new drill pads have been lodged and negotiations have progressed to extend the Land Access Agreement with the main land holder at Commonwealth-Silica Hill.

    To view figures, please visit:
    http://abnnewswire.net/lnk/90C0ABC6

    Dr Michael G Jones
    Managing Director
    Impact Minerals Limited
    T: +61-8-6454-6666
    E: info@impactminerals.com.au

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    Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to report the following update on the pilot plant program underway at SGS Lakefield for the Authier Lithium Project.

    The Company has completed the batch and locked cycle phase of the pilot program which had the aim of establishing the optimal conditions for the continuous pilot plant program. The pilot plant operations have now commenced.

    During batch and locked cycle testing, the Company has been able to achieve concentrate grades of 6% at metallurgical recoveries of 80%.

    Approximately five tonnes of mineralised pegmatite will be processed through the pilot plant. The plant will operate for a minimum of 100 hours at a feed rate of 50 kilogram per hour. The pilot program involved stage-crushing the ore to -3.35mm (see Figure 1 in link below). The crushed ore then passes through a grinding mill, cyclones for de-sliming, magnetic separation for iron removal, mica and spodumene flotation (see Figure 2 and 3 in link below).

    The objectives of the pilot plant program include:

    - Confirm the flowsheet and process parameters for concentrate production;

    - Produce engineering data for equipment sizing and plant design; and

    - Generate ~500 kg of spodumene concentrate for downstream testing and marketing purposes.

    The results of the pilot program are expected to be available by the end of April and will be incorporated into the Definitive Feasibility Study ("DFS") which will be completed during Q2 2018. On completion of the pilot program, optimisation work will continue with the objective of maximising metallurgical recoveries and de-risking the metallurgical performance of the full-scale operations.

    SGS Canada Inc. has considerable experience in developing spodumene concentration flowsheets. Over the past 10 years, SGS has operated pilot plants for several North American hard rock lithium deposits.

    To view figures, please visit:
    http://abnnewswire.net/lnk/82RJ356F

    Corey Nolan
    Chief Executive Officer
    Phone: +61-7-3369-7058
    Email: info@sayonamining.com.au
    www.sayonamining.com.au

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    Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to announce that the Company held information sessions to present the Authier Lithium Project to local stakeholders.

    Two presentation evenings, including one in the La Motte Municipality where Authier is located, and a second in Pikogan to present the project to the members of the Abitibiwinni First Nation, where undertaken in accordance with the Mining Act guidelines. The objective of these meetings was to present the Authier project development plan, strategies for protecting the environment, employment and contract opportunities, and to outline the potential economic benefits to the community. Community concerns are being addressed and implemented in the ongoing development plans.

    In addition, the Company has an active communication strategy and has been engaging with the broader community outside the immediate project area. Meetings have been held with regional councils, other mining companies successfully operating in the region, Government organisations, and other key business stakeholders in the region.

    A high level focus in the meeting was outlining the Company's plans for the protection of the environment. The Company has commissioned a number of studies to examine whether the Authier mine has any physical, biological or social impacts on the environment and communities. The studies are being undertaken by highly reputable independent consultants with extensive experience and expertise in the region.

    A comprehensive base-line environmental study was completed at Authier in 2010 by environmental consultancy, Dessau. Since the Company's acquisition of the project in late 2016, all of the environmental studies have been updated, including:

    - Creating a vegetation inventory, including wetlands and species with special status;

    - Inventory of fish and fish habitats;

    - Inventories of wildlife species with special status;

    - Assessment of surface and ground water quality; and

    - Hydrogeological and hydrological baseline conditions.

    The work to-date has not identified any material environmental issues and finalisation of the environmental studies will be completed in the second quarter of 2018.

    The Company's development strategy is aimed at minimizing Authier's impact on the community and environment, and includes the following activities:

    - Reagents used in the process plant will all be contained within the process plant compound and not discharged into the environment;

    - All process plant, mine run-off and dewatering water will be contained within ponds and recycled through the process plant to minimise new water requirements. Process water will be 100% reused in the plant;

    - The tailings produced from the processing operations will be filtered and dry stacked with waste rock from the mine, eliminating the need for a tailings dam, and keeping the project footprint small;

    - The tailings and waste rock material are not acid generating and do not leach any heavy metals. The Company has been contacted by surrounding Municipalities enquiring about the use of mine waste rock for road base;

    - Water in process ponds will be treated, if required, before any discharge into the environment;

    - The scale of the mining operations are relatively small at around 1,900 tons per day which minimizes the impact on the community and environment; and

    - Progressive site reclamation and remediation planning during operation and at the end of mine activities.

    The public consultation process is ongoing and a second series of presentations will be held in June 2018 to present the outcomes of the environmental base-line and definitive feasibility studies, as well as strategies that will be adopted to protect the environment and minimise potential impact on the local community. During the public consultation, all relevant reports will be made available to the public and the Company will be available to respond to questions about the Authier Project. Feedback will be used to ensure the Authier project delivers positive impacts to the local community.

    Permitting Update

    The Company is progressing through all the activities required for permitting by both the Ministry of Energy and Natural Resources ("MERN") and the Ministry of Sustainable Development, Environment and the Fight against Climate Change ("MDDELCC"). The Company is targeting to have obtained all material permits required for the project by mid-2019.

    Mining Lease

    Mining lease applications are submitted to the MERN pursuant to Section 100 of the Mining Act (Québec). A mining lease can only be granted after the following conditions are fulfilled:

    - Completion of a feasibility study (in progress and due for completion 2Q2018);

    - Completion of a scoping and marketing study for processing within Quebec (in progress);

    - Rehabilitation and restoration plans have been approved (nearly complete);
    - The MDDELCC authorization required under the Environment Quality Act has been issued for the project (in progress); and

    - A survey plan has been approved by the Office of the Surveyor-General of Québec (complete).

    The initial term of the lease is 20 years. The lease may then be renewed no more than three times for a period of 10 years each time. After the third renewal, the MERN may renew the lease for periods of five years. Within 30 days after the lease is issued, the lessee must establish a monitoring committee to foster the involvement of the local community in the project as a whole.

    Before a mining lease can be granted for a mine that has a production capacity of less than 2,000 metric tons per day, a public consultation initiated by the proponent must be held in the region in which the mine will be located.

    MDDELCC Authorisation

    The project is subject to various environmental laws and must be authorized by the MDDELCC pursuant to the Environment Quality Act. This permitting process involves the filing of various documents and environmental studies, including potential environmental impacts of the project and related monitoring and mitigation measures. The Company is targeting to submit its application to obtain the MDDELCC authorization in mid-2018, with the objective of obtaining this key authorization by mid-2019.

    In March 2018, amendments to the Environmental Quality Act came into force allowing the Government, in exceptional circumstances, on the recommendation of the Minister of MDDELCC, to submit a project to the environmental impact assessment and review procedure if in the Government's opinion the project may raise major environmental issues and public concern warrants it. The Company believes its environmental studies have demonstrated that Authier will have minimal impact on the environment and community.

    Corey Nolan, Chief Executive Officer, commented "The presentation sessions were a great opportunity for our Canadian team to meet and exchange information with the local communities and the members of the Abitibiwinni First Nation. The Company is committed to maintaining a close relationship with all the stakeholders who will be impacted by the project. Furthermore, we strongly emphasise that the Company is fully committed to the protection of the environment and minimising its impact on the local community. The Company is looking forward to updating stakeholders in June on the outcomes of the studies and its plan for the future".

    To view figures, please visit:
    http://abnnewswire.net/lnk/99LZ809D

    Corey Nolan
    Chief Executive Officer
    Phone: +61-7-3369-7058
    Email: info@sayonamining.com.au
    www.sayonamining.com.au

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    WA-focused gold exploration and development company Classic Minerals Limited (ASX:CLZ) ("Classic", or "the Company") is pleased to announce that it has been granted 1 tenement (E77/2472) and has won the ballot process for 2 tenement applications (E77/2470 and E77/2471) at its Forrestania Gold Project (FGP) in Western Australia.

    Highlights:

    - Classic Minerals secures strategic land holding in proven gold and lithium region

    - New tenements add ~50 km2 to existing ~450 km2 holding bringing total area to ~500 km2

    - New tenements host to gold exploration targets identified by Classic Minerals

    - Classic Minerals to test for lithium on new tenements

    - Regional exploration drilling to commence 16th April 2018

    1. INTRODUCTION

    Upon grant of E77/2470 and E77/2471, which is expected in the coming weeks, Classic's tenure will exceed 500 km2, making it a major land/rights holder in the highly prospective Forrestania Region.

    Classic CEO Dean Goodwin said:

    We are very happy to be securing additional tenure in the highly prospective Forrestania region. We see the belt as being underexplored in terms of gold and lithium and the new tenements host attractive greenfields targets which will be followed up in due course.

    We see the potential for multiple examples of gold mineralisation in the region - fortuitously, the eastern applications host existing exploration targets identified as part of the large-scale review carried out in the early 2000's (see announcement dated 16 November 2017). These tenements are also along strike from Kidman/SQR's major Earl Grey lithium discovery, which explains why there was competition for the ground resulting in a ballot being drawn in the Wardens Court to determine priority.

    2. CLZ - A MAJOR PLAYER IN FORRESTANIA

    The following map shows the new tenements alongside CLZ's existing FGP:

    3. DRILLING & EXPLORATION ACTIVITIES

    In addition to the new tenements, Classic is also pleased to announce that it has completed necessary site works to facilitate commencement of drilling to start on the 16th April 2018.

    The Company has planned its maiden drill programs at Lady Lila, Kat Gap and a new target Van Uden West. Lady Lila is a BIF hosted gold deposit that is very similar in geological characteristics to Bounty and Blue Vein (held by KDR) which are prolific, high grade gold deposits in the region. Kat Gap contains a shallow unmined gold deposit discovered in the 1990s, which was the subject of resource estimations and scoping study by Sons of Gwalia in 2003. High grade RC drill intercepts include 15 m @ 15.1 g/t Au from 39 m depth and 6 m @ 19.1 g/t from 17 m depth. The open-ended deposit lies within a 5 km long geochemical gold anomaly that has seen very little drill testing, and there is potential for the discovery of a substantial gold deposit within the project area.

    We expect that the drilling sequence will be as follows: Van Uden West, Lady Lila, Kat Gap, and then Lady Magdalene. Drilling at Lady Magdalene is scheduled after the regional targets due to the need to undertake environmental surveys (botanists onsite at present). Drilling will start on the 16th of April and the Company will keep the market informed of results and developments.

    4. ABOUT THE FORRESTANIA GOLD PROJECT

    The FGP Tenements are registered in the name of Reed Exploration Pty Ltd, a wholly owned subsidiary of ASX listed Hannans Ltd (ASX:HNR). Classic has acquired 80% of the gold rights on the FGP Tenements from a third party, whilst Hannans has maintained its 20% interest in the gold rights. Hannans' 20% interest is free-carried, meaning Hannans is not required to fund any activities on the FGP until a decision to mine has been made. For the avoidance of doubt Hannans Ltd owns a 100% interest in non-gold rights on the FGP Tenements including but not limited to nickel, lithium and other metals.

    The FGP contains an existing Mineral Resource of 5.3 Mt at 1.39 g/t for 240,000 ounces of gold, classified and reported in accordance with the JORC Code (2012), with a recent Scoping Study (see ASX Announcement released 2nd May 2017) suggesting both the technical and financial viability of the project. The current post-mining Mineral Resource for Lady Ada, Lady Magdalene and Lady Lila is tabulated below (see link below).

    Additional technical detail on the Mineral Resource estimation is provided, further in the text below and in the JORC Table 1 as attached to ASX announcements dated 14th March 2017 and 21st March 2017.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/D6J3NTZ9

    Classic Minerals Ltd
    T: +61-8-6305-0221
    E: contact@classicminerals.com.au
    WWW: www.classicminerals.com.au
    

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    PlayUp Australia Pty Limited has acquired Sydney-based ClassicBet, in a deal that will immediately increase PlayUp's annual gross gaming turnover by more than AUD$200M. The deal will complete once licensing approvals are granted in either the Northern Territory Racing Commission or Harness Racing NSW

    ClassicBet is mid-tier, well renowned wagering operator and this latest acquisition forms a key part of PlayUp's growth strategy, which is to acquire and roll up multiple Australian wagering and global fantasy sports businesses into a single group that is seeking to be dual listed on the ASX and NASDAQ* (refer to notes below). PlayUp recently acquired the Draftstars fantasy sports platform from CrownBet.

    All key ClassicBet operational staff and the current COO Luke Coward will join the PlayUp Limited team immediately.

    ClassicBet COO Luke Coward said: "Having been involved in the early stages of the Australian arm of both Betfair and Bet365 and having seen firsthand the benefits of wagering acquisitions in the sector including Bookmaker to Ladbrokes and Betezy to what became Crown, none are as exciting as the opportunity PlayUp presents. Now as part of PlayUp's rapidly growing ecosystem we have an opportunity to provide PlayUp with decades of experience to grow its wagering division in other global jurisdictions."

    PlayUp CEO Daniel Simic commented: "ClassicBet has enjoyed a strong track record of success in the Australian sports and racing wagering market. ClassicBet's users are loyal and regularly transact on the Classicbet.com.au website, wagering on both racing and multiple sports. PlayUp is committed to growing the ClassicBet business beyond Australian shores and will integrate the 'PlayChip' as a new currency option within its platform."

    PlayUp is seeking acquisitions of cash-based fantasy sports betting platforms as well as other wagering operators globally recognizing the opportunity that is emerging within the global online sports and gaming sector. PlayUp will then integrate a new turnkey universal gaming currency solution known as the 'PlayChip' into these and other independent gaming platforms. PlayChip will be the world's largest fully integrated blockchain enabled and cryptocurrency for gaming and wagering.

    Enquiries:
    Michael Henderson
    DEC PR 
    Phone +61 413 054 738 
    m.henderson@decpr.com.au

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    Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF) ("Blackham" or "the Company") is pleased to present an operational update for the March 2018 quarter at its 6.5Moz Matilda-Wiluna Gold Operation ("the Operation"). The March quarter's production increased 38% from the previous quarter with new monthly record gold production achieved in each successive month of the quarter.

    The Board of Blackham Resources Ltd (Blackham or the Company) provides the following update on its activities for the quarter ended 31 March 2018 and thereafter:

    Highlights

    Matilda-Wiluna Gold Operation

    - Quarterly gold production of 20,631oz - an increase of 38% compared to the Dec'17 quarter (14,922oz)

    o Record gold production achieved in each successive month of the quarter

    o 477kt milled for the quarter (Dec'17 Qtr: 443kt) with consistent improvements to throughput achieved

    o Mill feed grade improved to 1.5g/t (Dec'17 Qtr: 1.1g/t)

    - High-grade stockpiles are currently 162kt @ 1.7g/t Au, equating to approximately 1 month's mill feed

    - All-In sustaining costs ("AISC") for the quarter reduced to A$1,092/oz (or US$858/oz) (Dec'17 Qtr: A$1,882/oz), representing a 42% decrease on last quarter

    o includes $186/oz sustaining capital investment, most of which relates to a tailings dam lift

    - Average realised gold price of A$1,669/oz for the quarter

    Corporate

    - Current gold forward sales contracts - 29,417oz @ A$1,725/oz over the next 9 months

    o Refinancing of $14.3 million term loan repayment

    - Very strong shareholder support for Entitlement Offer raising $35.9 million (before costs) with greater than 80% take up of entitlements

    - Net debt reduced to $10.4 million with cash and bullion of $29.6 million and secured debt of $40.0 million

    - Board and executive team strengthened with experienced gold industry professionals

    o Milan Jerkovic appointed Executive Chairman

    o Greg Fitzgerald appointed as Non-Executive Director

    o Richard Boffey appointed Chief Operations Officer

    o Jonathan Lea appointed Chief Geological Officer

    - Strategic review of non-core assets to improve balance sheet position

    - Production guidance reconfirmed at 40-45koz @ A$1,100-1,200/oz (or US$855-932/oz) AISC for this half

    Reserve Development and Exploration

    - Reserve focused drilling programmes re-commence after 9 months of free milling targeting work

    - Focus on free milling near term reserve opportunities at Wiluna open pits

    - Commenced drilling of Golden Age Underground extensions in late March

    - Drilling of Lake Way exploration targets commences this month

    - Positive scoping study completed on 37Mt Wiluna tailings retreatment project (Wiltails)

    Access to high-grade zones in the M4 and Galaxy pits was achieved in the Dec'17, which resulted in significant improvements to quarterly mill feed grade and gold production. During the Sep'17 and Dec'17 quarters, 248,000t and 206,000t of low grade stockpiles were processed respectively at an average grade of 0.7g/t, significantly reducing mill feed grade for those quarters (see Chart 1 in link below). Mill feed head grade during the Sep'17 quarter was hampered by 49% of feed being sourced from low grade stockpiles.

    During the March quarter, Blackham's processing team achieved another quarterly throughput record with an 8% improvement on the prior quarter. The Dec'17 quarter saw a 17% increase on the Sep'17 quarter. Crushing circuit and mill circuit utilisation for the quarter were 66% and 95% respectively.

    Plant recoveries were 89.4% for the March quarter (92.3% Dec'17 Qtr). Plant recoveries decreased slightly, as expected as deeper transitional ore from the M4 and Galaxy pit was processed. As oxide ores from the M2 and M1 pits are processed during the current quarter metallurgical recoveries are expected to improve.

    All in sustaining costs ("AISC") reduced to A$1,092/oz for the Mar'18 quarter, representing a 42% decrease on the last quarter (Dec'17 Qtr: A$1,882oz). Mining costs decreased significantly with the lower strip ratio and material movements. AISC includes $3.8M of abnormally high investment in sustaining capital expenditure, predominately for the tailings dam lift to be completed in Apr'18, which will provide capacity until the Sep'19 quarter.

    An average realised gold price of A$1,669/oz was achieved for the quarter. Current gold forward sales contracts of 29,417oz @ A$1,725/oz over the next 9 months representing ~50% of targeted production over that period.

    Open Pit Mining

    During the quarter, 667kt of ore was mined from the open pits delivering 28,648oz contained ounces, which is more than double last quarter. The extensive waste stripping that occurred during calendar year 2017 has provided access to high-grade zones in both the Galaxy and Matilda M4 pits for the Mar'18 and June'18 quarters. Mining of the Matilda M2 and M1 pits commenced in Mar'18 and Apr'18, respectively. Mining of ore has already commenced at M2, with M1 ore expected to be accessed this quarter.

    The Operation's high-grade stockpiles started the quarter at 51kt @ 1.6g/t and at the date of this report, have risen to 162kt @ 1.7g/t Au, equating to approximately 1 month's mill feed. Stockpiles have increased since 31 Mar'18 due to mining significant amounts of ore during Apr'18.

    Total material mined reduced significantly during the quarter to 1.2 million BCM (1.8 million BCM in Dec'17 quarter) due to reduced waste stripping, which enabled a meaningful reduction in open pit mining costs.

    Underground Mining

    Blackham confirmed during Mar'18 that the Golden Age Underground mine plan continues to grow and has been extended for at least a further 6 months to Dec'18. Mining costs and risks have been reduced following Blackham successfully moving to an owner operator miner at Golden Age Underground in Oct'17.

    Blackham commenced evaluation of the economics of the remaining Golden Age Underground resource of 0.9Mt @ 4.5g/t for 129koz Au. These mining studies have now added another 24.6kt @ 6g/t for 4,700oz of production targeted between July and December 2018. This additional targeted production is incremental to the previously disclosed Underground mine plan which finished in Jun'18. Production is now expected to continue at a rate of ~ 2,500oz per quarter through to at least Dec'18.

    The Golden Age Underground mine has now generated strong cash flows for the past three quarters.

    Reserve and Exploration Drilling

    Reserve Definition Drilling will continue this quarter as the Company seeks to increase its gold reserves (currently 15Mt @ 2.5g/t for 1.2Moz) by converting more of its ~6.5Moz of gold resources (65Mt @ 3.1g/t) to reserves. Blackham has committed to significant ongoing exploration drilling including the acceleration of this reserve conversion work as well as exploration drilling targeted at new oxide deposits to extend the current free milling mine life. Over the last 12 months, Blackham has successfully added reserves at a cost of less than $22/reserve ounce.

    Golden Age Drill Programme

    Approximately 2,500m of diamond drilling commenced in late Mar'18. The previous successful reserve drilling programme at Golden Age Underground was completed in June 2017. Over the last 9 months, Blackham's geology team has identified several priority targets. Underground drilling aimed at further extending the mine plan commenced late last month. The three initial priority targets are:

    1. Champagne Lens down plunge - SW lateral extension testing 60-70m down plunge from current mining on the 858 Level.

    2. Champagne Lens down dip - The initial programme will test the mineralisation approximately 160m further down dip from the current mining area.

    3. Golden Age Offset Target - NW extension - Analysis suggests the Golden Age mineralisation could be offset by the Bulletin Fault into an area of no previous drilling.

    Wiluna Mine Reserve Development

    During Mar'18, Blackham's exploration team drilled 84 RC holes (6,491m) focused on delineating further free milling open pit reserves over the 4km's of strike at the Wiluna Mine. This is a follow up programme on the 77,000m drilling completed during FY17, which successfully delivered probable reserves of 669,000oz (7.7Mt @ 2.7g/t Au), which includes oxide and transitional reserves of 144,000oz (2.5Mt @ 1.8g/t). The current drilling is focused on free milling ores above the top of fresh rock (generally top 60m) which can be processed through the current plant.

    Revised Wiluna mining and metallurgical studies are well advanced in this area following the Wiluna Expansion PFS published in Aug'17. Blackham is currently re-estimating the open pit oxide reserves around the Wiluna Mine site. The Blackham management team believes the Wiluna free milling ores which are an attractive feed stock for the current operating mill and has a plan to fast track mining approvals.

    Wiluna Tailings Retreatment (Wiltails)

    Blackham has teamed up with Independent Metallurgical Operations (IMO) to assess the viability of re-treating the historical Wiluna tailings which are estimated at 37Mt (23Mm3). IMO has significant experience from the Kalgoorlie tailings project (Kaltails) that operated in the 1990's to which Wiltails has many similarities.

    Historical records show that the last 13 years of Wiluna operations ending June 2013 had an average tails grade of 0.72g/t. The average composite grade of the 27 aircore holes drilled into the tails dams used during this period have also averaged 0.71g/t. Blackham is about to commence drilling 53 RC holes (1,500m) for a cost of $42,000 with a view to delineating a JORC-compliant resource over the estimated 37 million total tonnes.

    Metallurgical work to date has looked at a number of processing solutions. Test work has confirmed the tails that have an average size of around 75micron and appear to have further oxidised since deposited in the tailings dam, resulting in improved gold recovery. The current base case flowsheet involves a simple whole of ore CIL leach without the need for additional concentration or grinding, with estimated gold recoveries of 45-50%. Due to not needing to regrind or concentrate the material, processing costs are estimated at just $5.50/t of ore. The Wiltails could be processed through the existing or new CIL tanks. Studies continue focussed on further improvements to the flowsheet and how best to integrate with the existing gold plant and infrastructure to minimise initial capital costs.

    Wiluna Expansion Study

    The Expansion Preliminary Feasibility Study ("Expansion PFS") published on 30 August 2017, confirmed the robust economics for a +200kozpa long mine life operation. Key outcomes were life-of-mine AISC of A$1,058/oz (US$822/oz), IRR 123% and NPV8 of $360M before tax at A$1,600/oz gold price.

    The Expansion DFS is well advanced with the bulk of expenditure already incurred. Processing optimisation studies continue with a view to further de-risking the expansion opportunity. Fast tracking of the Wiluna oxide/transition open pits is expected to further de-risk the geology and mining risks prior to committing further capital in the sulphide plant.

    Wiluna Nickel-Cobalt Project

    Blackham's Wiluna Nickel-Cobalt Project covers 40km's of strike of the "Perseverance Ultramafics" sequence, which hosts world class nickel projects including Mt Keith, Cosmos, Venus, Perseverance and Honeymoon Well. The project has an inferred JORC 2004 Nickel/Cobalt resource of 80.5Mt at 0.77% Ni, 0.058% Co (0.5% Ni cut-off). Due to record cobalt prices, Blackham has received strong interest from a number of parties interested in acquiring the project.

    Lake Way Potash Project

    Salt Lake Potash Limited (SLP) and Blackham entered a Memorandum of Understanding (MOU), as announced by SLP on 12 March 2018, to investigate a potential development of a Sulphate of Potash (SOP) operation based at Lake Way, near Wiluna. SLP holds approximately 290km2 of tenure over the Lake Way Paleochannel. Blackham holds a further 62km2 at the northern end of the Lake, surrounding the former Williamson Pit that was last mined in 2006 and is now filled with brine at the exceptional grade of 25kg/m3 of SOP.

    Under the MOU, SLP will acquire Blackham's brine rights and Blackham will acquire gold rights to SLP's Lake Way holdings, with each company retaining a royalty on their respective holdings. The parties will also co-operate to exchange data and facilitate exploration on each other properties. SLP will also investigate and potentially develop a SOP operation at Lake Way, including a 40-50,000tpa Demonstration Plant. SLP will sole fund the evaluation and developing any SOP operation at Lake Way. SLP's works will not hinder Blackham's ability to further mine the Williamson or other potential deposits on the lake.

    Lake Way has some compelling infrastructure and transport advantages which make it potentially an ideal site for a Demonstration Plant. SLP will complete a Scoping Study for a potential SOP operation at Lake Way, including a Demonstration Plant, by mid-2018, in time to allow a decision on dewatering the Williamson Pit. There is substantial historical data available for Lake Way and the companies have already undertaken preliminary sampling in the Blackham area. Along with the extensive, high quality technical work undertaken at SLP's other lakes, which has substantial application at Lake Way, a Scoping Study can be reliably undertaken in a much shorter timeframe than would normally be the case.

    Corporate

    As at 31 March 2018, the Company had significantly improved its net debt position to $10.4 million (31 Dec' 2017: $27.4 million), with cash and bullion of $29.6 million and secured interest bearing debt of $40.0 million. The $14.3 million term loan previously due on 31 December 2017 was refinanced in mid Jan'18.

    Blackham completed a fully underwritten pro rata entitlement offer to raise ~$35.9 million (before costs). The Company received very strong shareholder support for the underwritten Entitlement Offer with greater than 80% take-up of entitlements.

    Board and executive team strengthened with highly experienced gold mining professionals

    Milan Jerkovic has assumed the role of Executive Chairman as part of the recapitalisation strategy, with the Company continuing to seek opportunities to further strengthen its Board and management team to focus on the successful implementation of the recapitalisation strategy and delivery of the near-term mine plan.

    Greg Fitzgerald joined the Board following the successful completion of the Entitlement Offer. Mr Fitzgerald is a Chartered Accountant with over 30 years of gold mining and resources related experience, along with extensive executive experience in managing finance and administrative matters for listed companies. For more than 15 years he held the positions of Chief Financial Officer and Company Secretary for Resolute Mining Limited, an ASX 200 Company, until his resignation in 2017.

    Richard Boffey has been appointed Chief Operating Officer and Jonathan Lea appointed as Chief Geological Officer and both will work with the Blackham executive team to further de-risk and optimise both the current operations and strong growth opportunities of the 6.5Moz Matilda-Wiluna Gold Operation.

    Blackham has commenced joint venturing and divesting a number of non-core assets currently not being valued by equity markets within the Company with a view to further reducing costs and improving its balance sheet position.

    The Company reconfirms production guidance at 40-45koz @ A$1,100-1,200/oz AISC for the Jun'18 half year. Following the successful re-capitalisation of the Company and step change in production levels the Board has decided to return to quarterly production reporting in line with its industry peers.

    To view the full report with tables and figures, please visit:
    http://abnnewswire.net/lnk/8W60LP2P

    Milan Jerkovic
    Executive Chairman
    T: +61-8-9322-6418 
    
    Bryan Dixon 
    Managing Director
    T: +61-8-9322-6418
    
    Jim Malone
    Investor Relations
    T: +61-419-537-714
    
    Chantelle O'Sullivan
    Media Relations
    Citadel-MAGNUS
    T: +61-8-6160-4902

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    Diversified minerals explorer and developer Ardiden Limited (ASX:ADV) provides the opportunity to listen to an audio webcast with Brad Boyle, CEO and Executive Director in a presentation titled:

    "ARDIDEN LTD CORPORATE PRESENTATION"

    The webcast has been made available on the Youtube website. To listen to the webcast and review the Corporate Presentation made at the shareholder briefing held at the Rydges Hotel on Wednesday, 11 April 2018, copy the following details into your web browser:

    http://www.abnnewswire.net/lnk/146H59UO

    The presentation details are as follows:

    Speaker: Brad Boyle, Executive Director

    Live date: Monday, 16 April 2018.

    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

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    Core Exploration Limited (Core or Company) (ASX:CXO) is pleased to announce that it has received firm commitments to place approximately 95.3 million new shares at an issue price of A$0.053 per share to raise approximately $5 million, excluding costs (Placement).

    HIGHLIGHTS

    - Oversubscribed Placement raises $5 million

    - Core will be fully funded to complete the PFS and FS for its Finniss Lithium Project, near Darwin in the Northern Territory

    - In parallel with feasibility and other pre-development activities, Core will maintain aggressive multi-rig, exploration and resource drilling programs aimed at growing the mining inventory to support a long-life lithium mining project at the Finniss Project

    - Share Purchase Plan to raise up to $2 million to follow, to allow current Core shareholders to participate at the same price as the Placement

    - Strong news flow expected over coming weeks and months:

    o Resource upgrade at Grants imminent

    o Maiden Resource estimate for BP33 in mid Q2 2018

    o PFS for development of Grants deposit in late Q2 2018

    o Re-commencement of RC and Diamond drilling at several priority targets in late Q2 2018

    The Placement was oversubscribed, with strong support received from professional Australian and international institutional investors, as well as a number of existing shareholders. Eligible existing shareholders will be provided an opportunity to participate in the capital raising via a share purchase plan (SPP), as described in this release.

    Funds received from the Placement and SPP will be used to progress the Company's flagship Finniss Lithium Project towards development, including resource infill drilling at the Grants deposit and BP33 prospect (with an associated upgrade to the Grants Resource and a maiden Mineral Resource at BP33), completion of a preliminary feasibility study (PFS) and feasibility study (FS) for the development of a spodumene concentrate and DSO operation, initially focused on the development at the Grants deposit, as well as an aggressive exploration and resource expansion drilling programs on high grade prospects within the broader Finniss Lithium Project area, and for working capital purposes.

    Hartleys Limited is Lead Broker to the Placement.

    Core's Managing Director, Stephen Biggins, commented:

    "We are delighted to have received such strong support for the placement and I would like to welcome the participants in the placement as Core shareholders at a very exciting phase as Core plans to rapidly transition into development mode in early 2019.

    Core's Finniss Lithium Project is on a pathway to production, and the support for this capital raising is not only a strong validation for the project, but will allow us to continue to aggressively progress its development as well as maintain our strong commitment to growing our mining inventory through nearby discoveries. Core's exploration and drilling has proved highly successful to date as evidenced by the discovery of several additional prospects that we expect may lead to further Resources in time, including BP33, Sandras, Lees, Hang Gong and Carlton prospects. All of these new prospects host high grade spodumene mineralisation similar to Grants.

    This is an exciting period for the company as we are nearing completion of the PFS for an initial development at Grants, are awaiting an imminent resource upgrade at Grants and a maiden Resource at BP33, and we eagerly await kicking off our 2018 regional exploration drilling campaign on a number of high grade prospects once the wet season comes to an end in the coming weeks."

    Share Purchase Plan

    In order to ensure retail shareholders are able to participate, the Company is pleased to announce a Share Purchase Plan to raise up to $2 million for all eligible shareholders at the same issue price as the Placement (SPP).

    If total demand for the SPP exceeds $2 million, the Company reserves the right to close the SPP early and will scale back applications in its absolute and sole discretion. When determining the amount (if any) by which to scale back an application, the Company will take into account a number of factors, including the size of an applicant's shareholding, the extent to which eligible shareholders have sold or bought additional shares after the Record Date and the date an application was made.

    The SPP is only available to Australian and New Zealand shareholders who were registered as Core shareholders at 7:00pm (AEST) on 13 April 2018 (Eligible Shareholders). Full details of the SPP Offer will be contained in a booklet which is anticipated to be dispatched to Eligible Shareholders on Friday 20 April 2018.

    The approximately 95.3 million shares to be issued in connection with the Placement will be issued under Core's existing Listing Rule 7.1 (45,651,884 shares) and 7.1A (49,632,086 shares) capacities, and accordingly no shareholder approval is required.

    In addition to the shares issued under the placement, Core will issue 58,104,000 unlisted broker options in the Company as remuneration for participation in the placement at an exercise price of $0.08 (8 cents) per share and expiring 12 months following issue. The issue of unlisted options is subject to shareholder approval and a shareholder meeting for this purpose will be announced in coming weeks.

    For further information please contact: 
    
    Stephen Biggins
    Managing Director
    Core Exploration Ltd
    T: +61-8-7324-2987
    E: info@coreexploration.com.au 
    
    For Media and Broker queries: 
    
    Andrew Rowell
    Cannings Purple
    M: +61-400-466-226
    E: arowell@canningspurple.com.au

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    Carnarvon Petroleum Limited (ASX:CVN) (OTCMKTS:CVONF) provides the Company's Quarterly Report for the period ending 31st March, 2018.

    Quarter Highlights:

    - Drilling rig for Phoenix South-3 on location at the end of the quarter

    - Buffalo redevelopment to take place under Timor-Leste jurisdiction after Maritime Boundary Treaty

    - Awarded additional Vulcan Sub-basin permit AC/P63, multiple oil leads have already been identified

    - A$48.1 million held in cash after A$2.1m exploration spend in the quarter

    Managing Director's Comments

    Firstly, I'd like to thank the investors who were able to attend our successful investor open day. We thoroughly enjoyed the opportunity to make our team available to our investors to provide an in-depth view on what has become an exciting portfolio of assets. We will hopefully hold another investor day in the future and I encourage all investors to join us if possible.

    Carnarvon and its Joint Venture partner, Quadrant Energy, reached another major milestone for the Phoenix Project, with the Transocean Development Driller-1 rig reaching the Phoenix South-3 well location at the end of the quarter. Since arriving on location, the rig has been working through a series of pre-commencement checks and anchor setting and is expected to commence drilling shortly.

    The Phoenix South-3 well will test the same interval that contained gas and condensate in the Phoenix South-2 well some 560 metres away. The cost to redrill to the top of the Caley interval will be mostly covered by an insurance claim associated with the Phoenix South-2 well operation, which had to cease drilling at this interval.

    In addition to the Phoenix South-3 well, the upcoming Dorado-1 well is expected to commence drilling in May 2018. The primary zone in Dorado-1 is also the Caley interval although the well with also test slightly deeper secondary targets for additional oil and gas.

    During the quarter, Carnarvon also continued to progress its redevelopment plans for the Buffalo oil field. Following the signing of a new Maritime Boundary Treaty between Australia and Timor-Leste, the redevelopment will now be undertaken in an area of exclusive Timor-Leste jurisdiction. Discussions held so far with officials from Timor-Leste make it clear that Carnarvon and Timor-Leste are in agreement on achieving first oil as soon as possible. Special legislation is to be enacted to ensure the Buffalo redevelopment will continue under equivalent fiscal terms previously in place with Australia.

    Carnarvon completed a third iteration of the full wave form inversion seismic reprocessing on the Buffalo oil field during the quarter. This additional technical work continues to enhance Carnarvon's confidence in the project which is targeting unproduced oil in the field. Carnarvon has been working towards finalising its preferred option for developing the resource and entering into the required Production Sharing Contract with the Government of Timor-Leste.

    The Company was also awarded a new permit (Eagle project) in the highly prospective Vulcan Sub-basin, located near Carnarvon's recently acquired Condor project. The Eagle project is in a hydrocarbon prone region within the North-West shelf and contains several Jurassic and Cretaceous oil leads over multiple reservoir levels. Once the recent Cygnus 3D seismic has been processed over the area, Carnarvon will progress its technical and prospect development work.

    The Company had a cash balance of A$48.1 million at the end of the quarter. With existing cash and the successful insurance claim, Carnarvon remains well funded for its upcoming Phoenix and Dorado drilling campaign.

    To view the full report, please visit:
    http://abnnewswire.net/lnk/0NRLFU9S

    Carnarvon Petroleum Limited
    T: +61-8-9321-2665
    F: +61-8-9321-8867
    WWW: www.carnarvon.com.au
    

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    Eon NRG Limited (ASX:E2E) (OTCMKTS:ICRMF) ("Eon" or the "Company") advises production update on the gas well recompletion carried out at the Silvertip Field.

    The 35-28 Gas well recompletion:

    The 35-28F well was recompleted in an untested sand lobe within the Meeteetse Formation. This well was originally drilled to the Frontier Formation where it produced natural gas and oil. The well recompletion has produced in excess of 30,000 Mcf of gas since it was brought back into production on February 8, 2018. The 60-Day IP average daily production rate was 487 MCF/D and production for the last 30 days has averaged 650 MCF/D. A 16/64" choke is in place and has a stabilized flowing casing pressure of 390 PSI.

    The recompletion cost was $22,000 as it was carried out utilizing an existing wellbore and the company's inhouse expertise. This recompletion has generated net revenue (after royalties and production tax) of more than $60,000 in the first 60 days of operation. The capital cost of the recompletion was paid out in less than 30 days.

    The Company is evaluating the potential of further recompletions in the field on wells that may have similar formation characteristics to the 35-28 well.

    To view figures, please visit:
    http://abnnewswire.net/lnk/BM4Z9U3Q

    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

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