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Thundelarra Ltd (ASX:THX) Next Drilling Phase Underway at Crown Prince

April 15, 2018, 9:38 pm
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Thundelarra (ASX:THX) (OTCMKTS:TLXPF) is pleased to announce that further reverse circulation (RC) and diamond (DD) drilling is underway at Crown Prince to follow up the excellent results of the inaugural drilling programme undertaken there in late 2017. Our initial results confirmed, down dip and 130m below the old workings, the high gold grades in historical production records (approximately 21,000 ounces at 22 gpt Au). Full results were announced 08 February 2018 and included 2.4m at 66.5 gpt Au within 8m at 22.3 gpt Au from 259m down hole in hole TGGRCDD110.

The main targets and objectives at Crown Prince are to test for along strike and down dip extensions and/or repetitions of the North and Main Lodes; and six holes are planned to verify data from holes completed by previous explorers on the Main and Northern Lodes in 1989 and 2000. These holes should also generate new QA/QC data that may then allow the historical drilling data to be included in a recalculation of the 2004 JORC resource to bring it up to JORC 2012 compliance.

This RC and DD programme is designed to comprise 10 RC holes for a total advance of about 2,500m and 7 DD holes for a total advance of about 2,000m. The final number of holes and total metreage will depend on the data generated as the programme progresses.

Historical gold production here totalled about 21,000 ounces at an average grade of approximately 22 grams per tonne. Thundelarra's objective is to gain a clear understanding of the geology and structures controlling the mineralisation at Crown Prince in order to define the geometry and extent of the mineralisation present. Work to date has advanced our understanding of many of the controlling factors and this follow-up programme will test the unquestioned potential of Crown Prince to host significant further gold mineralisation.

About Garden Gully.

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

Since commencing exploration at Garden Gully in mid-2016, Thundelarra has drilled 128 reverse circulation holes for 23,431m advance and 13 diamond holes for 2,523m advance.

To view figures, please visit:
http://abnnewswire.net/lnk/52XAQC6O 

Mr Tony Lofthouse
Chief Executive Officer
Telephone: +61-8-9389-6927
Email: info@thundelarra.com.au
Website: www.thundelarra.com
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Lithium Power International Ltd (ASX:LPI) Maricunga Lithium Brine Project Achieves 99.9% Lithium Carbonate Purity Updated Results from Announcement Made 4 April 2018

April 16, 2018, 3:33 pm
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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. This is an update from the announcement made on 4 April 2018, providing further clarification of the results achieved.

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 in 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/M48ERS7F 

Martin C Holland - CEO
Lithium Power International
E: info@lithiumpowerinternational.com
T: +61-2-9276-1245
www.lithiumpowerinternational.com
Twitter: @LithiumPowerLPI
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Nanollose Ltd (ASX:NC6) Letter to Optionholders

April 16, 2018, 3:34 pm
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Nanollose Ltd (ASX:NC6) on 16 April 2018, lodged a Prospectus with ASIC and ASX, seeking to raise up to approximately $187,500 by a non-renounceable rights offer ("Offer") of up to approximately 18,749,999 entitlement options on the basis of 1 entitlement option for every 4 shares held at an issue price of 1 cent per entitlement option. The entitlement options have an exercise price of 30 cents and an expiry date of 31 December 2020.

Optionholders are not entitled to participate in the Offer. Should optionholders with a registered address in Australia or New Zealand wish to participate in the Offer they should exercise their options in accordance with the terms of the options in a timely manner and in any event to ensure the exercise and issue of the shares is completed by the Record Date of 20 April 2018.

The funds raised under the Offer will be used as additional working capital and to meet Offer expenses.

The Offer is not underwritten. There is no minimum subscription under the Offer.

The timetable for the Offer is as follows: 
 
------------------------------------------------------------------------
Lodgement of Prospectus with ASIC and ASX                 16 April 2018 
Application to ASX for quotation of options 
under the Prospectus                                      16 April 2018 
Notice to Shareholders                                    18 April 2018 
Current Shares "Ex" the entitlements issue 
on the ASX                                                19 April 2018 
Record Date to identify Shareholders and to 
determine Entitlements to options under the Prospectus    20 April 2018 
Despatch of Prospectus and Entitlement and 
Acceptance Form (Opening Date)                            26 April 2018 
Closing Date                                                18 May 2018 
Deferred settlement trading                                 21 May 2018 
ASX notified of undersubscription                           23 May 2018 
Issue Date and end of deferred settlement trading           25 May 2018 
------------------------------------------------------------------------
Subject to the Listing Rules, the above dates may be changed without notice.

The Offer will be made to the Company's shareholders with a registered address in Australia or New Zealand on the Record Date ("Eligible Shareholders").

It is anticipated that the Prospectus offering entitlement options for subscription will be mailed to Eligible Shareholders on 26 April 2018. The Prospectus may be viewed on the Australian Securities Exchange's website at www.asx.com.au or alternatively on the Company's website at www.nanollose.com.

Application will be made to ASX for official quotation of the options. In the calculation of any entitlement, fractions will be rounded up to the nearest whole number. No shareholder approval is required to the Offer.

If you have any questions please do not hesitate to contact the Company.

To view the release, please visit:
http://abnnewswire.net/lnk/WIU92AY5 

Nanollose Ltd
T: +61-8-9389-3120
E: info@nanollose.com
WWW: www.nanollose.com
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Liquefied Natural Gas Ltd (ASX:LNG) Update on Exit of Fisherman's Landing LNG Project

April 16, 2018, 4:09 pm
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Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) (LNGL or the Company) executed a Share Sale Agreement (the Agreement) with a third-party (the Buyer) for the acquisition of all the shares of LNGL's wholly-owned subsidiary, Gladstone LNG Pty Ltd (Gladstone LNG). In return, LNGL received US$800,000, previously held in a trust account under a previously disclosed Licence Transfer Agreement, and a reimbursement for security deposits posted by Gladstone LNG related to the Fisherman's Landing project licences.

Pursuant to the terms of the Agreement, the Buyer secured ownership of the proposed Fisherman's Landing LNG project, including the licences and the opportunity to utilize LNGL's OSMR(R) technology on a future LNG project at the Fisherman's Landing Gladstone site. The Buyer shall pay LNGL an additional US$4 million if financial close is achieved for an LNG project at the site.

"This agreement completes LNG Limited's exit from the Fisherman's Landing project," said Greg Vesey, Managing Director and CEO of LNGL. "Our teams remain completely focused on our activities for both Magnolia LNG and Bear Head LNG." 

Mr. Micah Hirschfield
Sr. Manager, Communications and Investor Relations
Liquefied Natural Gas Limited
T: +1-713-815-6920
E: mhirschfield@lnglimited.com

Mr. Andrew Gould
Joint Company Secretary
Liquefied Natural Gas Limited
T: +61-8-9366-3700
E: AGould@lnglimited.com.au
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Deep Yellow Limited (ASX:DYL) Tumas Palaeochannel Drilling Returning Positive Results

April 16, 2018, 4:43 pm
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Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Deep Yellow) is pleased to report continued encouraging drilling results from the ongoing semi-regional exploration and Tumas 3 East resource drilling program which is being carried out on EPL3496. This EPL is held by Deep Yellow's wholly-owned subsidiary, Reptile Uranium Namibia (Pty) Ltd (RUN).

Highlights

- Semi-regional drilling campaign - 89 holes drilled for 3984m west of Tumas 3 deposit

o 22 holes identified uranium mineralisation with one area earmarked for follow-up drilling

- Tumas 3 East extension resource drilling commenced with 84 holes drilled for 1,939m

o Resource drilling success rate of 60% with 50 out of the 84 holes returning mineralisation >100ppm eU3O8 over 1m

- Strongest intersections from the resource drilling include:

o TB3R543 6m at 346 ppm eU3O8 from 4m
o TB3R569 7m at 413 ppm eU3O8 from 6m
o TB3R593 8m at 733 ppm eU3O8 from 3m

- Mineralisation is calcrete associated hosted within palaeochannels, similar to the Langer Heinrich uranium mine located 30km to the north east

As reported previously, the programs commenced 12 February 2018 with semi-regional exploration drilling to the west of Tumas 3. Phase 1 of this regional program was completed on 21 March with 89 RC holes drilled for 3,984m. This was immediately followed by resource drilling east of the Tumas 3 uranium deposit with 84 RC holes drilled for 1939m and work is ongoing. The balance of the 10,000m campaign remaining to be drilled in the period to 30 June 2018 is continuing and will focus on resource drilling over the Tumas 3 east and Tumas 1 & 2 extension areas plus further semi-regional exploration drilling. Figure 1 (see link below) shows the palaeochannel system and prospect locations.

Resource Drilling

The resource drilling east of the Tumas 3 deposit targeted the mineralised zone which was broadly delineated during the November 2017 drilling program. The latest drilling has confirmed existence of the predicted continuous uranium mineralisation extending over 2km in length. Of the total 84 holes drilled, 50 returned positive results - an overall 60% success rate. Equivalent uranium oxide (eU3O8) values as reported herein have been determined by Deep Yellow personnel and these will be validated for resource estimation purposes. The equivalent uranium values are based on down-hole radiometric gamma logging carried out by a fully calibrated Aus-Log gamma logging system.

This infill work showed uranium mineralisation occurring on all the new profiles drilled with 50 of 84 holes returning positive results. Figure 2 (see link below) shows the resource drill hole locations in relation to the Tumas 3 deposit. The width of the mineralisation varies between 200 and 400m with variable thicknesses of 1 to 8 m. The mineralisation remains open to the east and south. Figure 3 (see link below) shows a drill-hole cross section across the Tumas 3 eastern extension and outlines the continuous nature of the uranium mineralisation and also the variability and complexity of the palaeochannel topography.

The infill drilling in this area is continuing and will also include testing of the tributary channel identified from the November 2017 drilling.

Mineralised intersections from the resource drilling that are above the 100ppm eU3O8 over 1m cut-off are tabulated in Table 1, Appendix 1 (see link below).

Semi-Regional Exploration Drilling

The semi-regional exploration drilling has now explored approximately 20 km of the palaeochannel system that extends west from the Tumas 3 deposit. Drill hole spacing chosen was highly variable ranging from 100 to 200m spaced holes along profiles 400 to 800m apart. The drill hole spacing was aimed at identifying new uranium mineralisation within the untested portion of palaeochannel system where 3 of the previously defined 7 semi-regional target zones exist. Due to access clearance issues (now resolved) the central part of this zone could not be explored in the current program and this will now be tested later in the year. Elsewhere the drilling did however identify promising uranium mineralisation in a tributary to the main channel located approximately 3km north of the Tubas Red Sand deposit. This drilling identified 3 to 8m thick > 100ppm eU3O8 uranium mineralisation over a 200 to 300m width on 2 drill sections 400m apart. Figure 4 (see link below) shows the exploration drill hole locations and the palaeochannel outlines west of the Tumas 3 deposit.

In total 22 (or 25%) of the 89 exploratory drill holes returned uranium mineralisation > 100 ppm eU3O8 over 1m. It should however be noted lower grade uranium mineralisation was identified in a large proportion of the semi-regional drilling supporting management's proposition that a large-scale uranium mineralisation event has occurred throughout the palaeochannel system where tested.

Mineralised intersections from the semi-regional exploration drilling >100ppm eU3O8 over 1m cut-off are tabulated in Table 2, Appendix 1 (see link below). Figure 4 (see link below) also shows the semi-regional exploration drill hole locations. All drill hole locations are listed in Table 3, Appendix 1 (see link below).

Analysis

The results of both the semi-regional exploration and targeted resource drilling are very encouraging. The drilling has confirmed the continuous nature of mineralisation associated with the eastern extension of Tumas 3 and importantly has identified new uranium mineralisation in the palaeochannel system to the west of this zone.

The 2018 drill program which is still ongoing has extended the mineralisation at Tumas 3 by 2km and is demonstrating that the mineralisation has the potential to extend over a +7km strike length in the Tumas 3 area. Also, additional mineralisation is expected to be found in a tributary entering the main channel from the east. As previously shown, the uranium mineralisation is not confined to one simple, single channel but rather is associated with a complex palaeodrainage system containing several channels that head westward toward the ocean. The current results again show that, apart from the benefit gained by the reinterpretation of the existing airborne geophysical data to locate the prospective palaeochannel systems more accurately, discovery is only possible by drilling.

Appendix 1 Tables 1 and 2 (see link below) list the 50 resource drilling holes and 22 semi-regional exploration drill holes returning uranium intersections above cut-off and showing equivalent uranium values in ppm and thickness with hole depth and coordinates provided. Table 3 in Appendix 1 (see link below) lists all drill holes completed to 14 April 2018 from the current drilling program which are the subject of this release.

Conclusion

This third (ongoing) drilling campaign is again producing successful results. It is confirming that the previously discovered Tumas 3 deposit can be expanded. This is not only expected to add to the current uranium resource base of this project but, just as significantly, emphasises the strong exploration potential of the extensive, uranium-fertile palaeochannel system within which the new Tumas 3 discovery occurs.

There are now 4 distinct mineralised zones (Tumas 1 & 2, Tumas 3 and Tubas Sand/calcrete deposits) identified within the 125km of palaeochannels that occur within the Reptile project tenements (see figure 1 in link below). Some 75%, or approximately 90 km, of this palaeochannel system which deepens to the west remains to be properly tested.

These positive results both from the current and 2017 drilling and reinterpretation of historic exploration data confirm management's confidence that the existing uranium resource base for Langer Heinrich style deposit/s within the Reptile project area can be further increased.

The current drilling program will continue throughout 2018 with infill resource drilling required for resource estimations as well as to semi-regionally explore the extensive palaeochannel system that exists.

An updated inferred resource estimation for the Tumas 3 Zone is expected to be delivered in July 2018.

To view figures and Appendix, please visit:
http://abnnewswire.net/lnk/U928H9Y0 

John Borshoff
Managing Director/CEO
T: +61-8-9286-6999
F: +61-8-9286-6969
Email: john.borshoff@deepyellow.com.au
www.deepyellow.com.au
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Mustang Resources Ltd (ASX:MUS) Discovery of Significant New Ruby Deposit at Montepuez

April 16, 2018, 4:53 pm
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Mustang Resources (ASX:MUS) (OTCMKTS:MTTGF) is pleased to announce that it has discovered a new ruby-bearing gravel deposit just 3.5km from its processing plant at the Montepuez Ruby Project in Mozambique.

Key Points

- Discovery of new ruby-bearing gravels within Mustang's Montepuez Ruby Project in Mozambique

- New ruby-bearing gravels located 3.5km directly south-west from Mustang's 200tph processing plant

- A total of 29,069.1 carats were recovered from the processing of 43,940m3 (~68,107 tonnes) of stockpiled material at Montepuez during Q1 2018 with:

o An average grade of 0.42 carats/tonne achieved for the quarter, 13.5% higher than Q4 2017; and

o A total of 329,309 carats of rubies in the Company's available-for-sale inventory as at 10 April 2018

- Preparations underway for the re-commencement of bulk sampling activities as the rainy season in Mozambique draws to an end

The discovery was made during an extensive exploration and test pitting campaign undertaken at Montepuez during the March 2018 quarter which resulted in the development of 196 test pits during the period. The program has returned a host of positive results which will be followed up in the new exploration field season.

The new deposit was discovered in an area referred to as Block D, located on Licence 8955C, approximately 3.5km to the south west of the Company's 200tph processing plant (see Figure 1 in link below). Mustang is further encouraged by the confirmation of ruby bearing gravels in Block A, B and C, confirming the extension of ruby mineralisation extending from the LM bulk sampling pits.

Preparations have now commenced to restart the exploration bulk sampling program at Montepuez as the rainy seasons draws to an end, and the newly-identified Block D will form part of the upcoming bulk sampling program.

Q1 Ruby Operations Update

During Q1, a total of 29,069.1 carats were recovered from the processing of 43,940m3 (68,107 tonnes) of material at Montepuez, resulting in an average grade for the quarter of 0.42 carats/tonne (see Note below).

The Q1 2018 recovery grades were approximately 13.5% higher than Q4 2017, while tonnes processed were approximately 15% lower. In Q4 2017, approximately 80,658 tonnes were processed with 29,983 carats recovered at an average grade of 0.37 carats/tonne.

Heavy rains during the quarter adversely affected operations and processing of the stockpile.

Preparations have now commenced to restart the exploration bulk sampling program as the rainy seasons draws to an end.

Mustang's Montepuez Ruby Project is located in the heart of the globally significant Montepuez gem-field, adjacent to the advanced mining operations of Gemfields (JSE: PGL subsidiary) and early-stage exploration assets of Fura Gems (CVE:FURA) (see Figure 2 in link below).

Mustang's Managing, Director Dr. Bernard Olivier, said: "The discovery of the Block D ruby-bearing gravels and the success of our ongoing exploration activitites continue to show the significant prospectivity of the Montepuez Ruby Project. When combined with the recent initial success of our newly-implemented sales and marketing strategy, we are confident that we can continue to steadily build value around this high-quality asset - which is strategically located in the heart of the Montepuez gem-field, currently the world's leading supply source of rubies."

Note: The stated grade is conceptual in nature as there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource under the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, the JORC Code (2012)"

To view figures, please visit:
http://abnnewswire.net/lnk/V85P66BN 

Media & Investor Relations: 
Paul Armstrong
E: paul@readcorporate.com.au
T: +61-8-9388-147
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Classic Minerals Ltd (ASX:CLZ) Commences Regional Drilling Program Targeting Resource Upgrades and New Discoveries

April 16, 2018, 5:01 pm
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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 commenced RC drilling at its Forrestania Gold Project (FGP) in Western Australia.

Highlights:

- RC drilling program underway at Van Uden West, Lady Lila and Kat Gap

- Target areas untouched for 18 years

- Assay results expected early May

- Drilling to recommence at Lady Magdalene once final Govt approvals received

1. INTRODUCTION

Over the coming period, the Company will be drilling at new prospect Van Uden West, Lady Lila and Kat Gap with the aim of uncovering a new gold system (at Van Uden West) and improving/increasing known mineralisation at Lady Lila and Kat Gap.

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. Van Uden West is a brand new gold target having similar orientation and geological setting to the high grade Kat Gap deposit.

The RC drill rig is on site and drilling at present, with this first pass program expected to be complete within 10 days.

Classic CEO Dean Goodwin said:

As an exploration geologist, I am incredibly excited about the forthcoming drilling at FGP. It has always been my opinion that there is huge scope for brand new discoveries outside of the known deposits and this drill program signals Classic's belief in the region and is the initial step towards our goal of uncovering additional, high quality ounces outside of Lady Magdalene and Lady Ada.

2. REGIONAL DRILLING TARGETS

The map in link below shows the drill targets.

3. LADY LILA DRILLING - ANOTHER BOUNTY GOLD MINE?

Lady Lila is situated 4km east of Lady Ada and is hosted by a chert/banded iron formation within the younger metasedimentary central zone. The previous drilling is shallow (approx. 50m depth testing) and generally intercepts the mineralised zone only two-three times per section. Additional drilling is strongly recommended and is required to test the orientation, and down dip extension of the mineralisation. The mineralisation at its strongest is 10m wide, over 400m long, and grades between 2.0-5.0g/t Au. A cross section of Lady Lila is displayed in Figure 2 (see link below). The present gold mineralisation models indicate a steep easterly dip; any future drilling should plan to test a possible vertical dip, as gold deposits in the area have been known to steepen at depth (e.g., Bounty and Blue Vein held by Kidman Resources). The current drilling commonly fails to drill deep enough to adequately test the steep easterly dip (some holes even terminate in mineralisation), and are insufficient to judge Lady Lila's prospectivity due to three factors:

1) there is well-document transported cover which masks the top 10-20m of deposits in the area (e.g., Lady Ada), potentially obscuring the along strike continuations;

2) a zone of gold depletion which may occur under-representing a good deposit (e.g., Bounty Gold Mine);

3) the natural variability of gold distributions in BIF hosted systems from zones of high grade to zones of low grade (depending on proximity to Au fluid fault pathway) may provide discouraging results in some RLs and exceptions results in others (e.g., Bounty, Blue vein).

Lady Lila contains a significant strike extent, high and low-grade intercepts, is broadly drilled and requires additional exploration.

4. KAT GAP DRILLING - HIGH GRADE AND UNDEREXPLORED

Drilling has shown that primary gold mineralisation is associated with quartz veining developed in granitic rocks at or close to the western granite-greenstone contact of the Forrestania Greenstone Belt, and extends into the overlying oxidised zone. Drill intersection highlights are provided in Table 1 (see link below) and examples of old drill sections are given in Figure 3 (see link below).

There is potential for additional mineralisation to be identified up-dip and down-dip from existing RC drilling, and along strike to the north and south of existing RC drill coverage. Only about half of the 5 km long >50 ppb Au gold-in-soil anomaly has been tested by RC drilling along the granite/greenstone contact.

RAB coverage has not always been effective. In a report dated 2003, SOG noted that "...Much of the RAB drilling at Kat Gap was ineffective, failing to penetrate far enough into the bedrock to properly test the granite-greenstone contact....There remains good potential for further gold mineralisation on the more than 4km of strike of the granite-greenstone contact."

There is a further 5 km of strike of prospective granite-greenstone contact west of the Kat Gap zone within E74/467 that has seen little or no exploration.

5. VAN UDEN WEST - A BRAND NEW PROSPECT

After extensive field work and review of historic exploration records, the Company has deemed its new target, Van Uden west as being a priority. It is surrounded by historic gold mines Van Uden and Teddy Bear.

The geological setting of Van Uden West is similar to Kat Gap but it has transported cover masking the top 10-20 metres of the potential gold mineralisation. Classics decision to test the Van Uden West target is based upon an anomalous air core drill result from the late 1990's. The target has an excellent structural location on the contact between granite and greenstone and it is the belief of the company that the previous shallow, wide spaced air core holes inadequately tested the target.

6. DRILLING AT LADY MAGDALENE - CHASING TRANSFORMATIVE HIGH-GRADE MINERALISATION

Structural readings taken from recent orientated diamond holes MADD003 and MADD004 (see ASX announcement dated 22 March 2018) revealed several quartz veins and narrow shear zones exhibiting similar orientation characteristics to Lady Ada.

Once the logging and structural work was completed, the core was assayed and returned promising gold intercepts in those zones identified as having similar orientation to Lady Ada. This is a very significant development for the company as the current large, modestly graded Lady Magdalene deposit appears to host high grade cross cutting zones of gold mineralisation which are analogous to the high grade Lady Ada mine.

Classic is now in the process of finalising approvals for a close-spaced RC drilling program to further delineate the dip, plunge and general direction of the high grade structures within Lady Magdalene. The follow up program is designed to confirm the existence of high-grade cross cutting lodes as suggested by relevant orientation data and start to delineate grade, size and extent of the Lady Ada analogue zones within Lady Magdalene. It is expected that the RC drilling will commence in the June quarter.

7. 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 in 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/4Q5898UE 

Classic Minerals Ltd
T: +61-8-6305-0221
E: contact@classicminerals.com.au
WWW: www.classicminerals.com.au
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Blackham Resources Ltd (ASX:BLK) A Dominant Position in Australia's Largest Gold Belt

April 16, 2018, 5:02 pm
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Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) provides the Company's latest presentation titled "A Dominant Position in Australia's Largest Gold Belt".

COMPANY OVERVIEW

- Low risk free milling mine plan targeting 80koz annual production at AISC of A$l,100-l,200/oz (US$855-932/oz)

- Gold production in March 2018 quarter of 20,631oz at AISC of A$l,092/oz (US$848/oz)

- Well funded to undertake continued exploration, with advanced brownfield opportunities to strengthen and lengthen reserves -focussed on building a "rolling" five year free milling mine plan

- Strong operating cash flows targeting a net cash position by the end of 2018

- Board and management strengthened with experienced gold mining professionals

- Outstanding long-term upside from dominant land position and 6.5Moz (65Mt @ 3.1g/t) resource base

FOUR LARGE SCALE GOLD SYSTEMS

- Four large scale gold systems, capable of sustaining a sizeable long life operation

- Free milling resources of 22.8Mt @ 1.76g/t for 1.3Moz

- Free milling open pit mine plan is supported by Reserves of the Matilda, Galaxy and Williamson open pit mines and the Golden Age underground mine

- Golden Age underground mine plan recently extended, further extensions being targeted

- Ongoing exploration drilling targeting a "rolling" free milling open pit mine plan of at least 5 years and "rolling" underground mine plan of 6-12 months

COMPELLING INVESTMENT OPPORTUNITY

- Free-milling production plan delivering strong operational cashflow

- Strengthened balance sheet and targeting a net cash position by the end of 2018

- Well funded for exploration program to strengthen and lengthen reserves - multiple targets in multiple mineralised systems

- 1.2Moz reserves

- Dominant land position and 6.5Moz resource provides significant upside potential

- Undervalued in comparison to Australian gold producing peers

To view the full presentation, please visit:
http://abnnewswire.net/lnk/9HX1559O 

Milan Jerkovic
Chairman
T: +61-8-9322-6418 

Bryan Dixon 
Managing Director
T: +61-8-9322-6418

Jim Malone
Investor Relations Manager
T: +61-419-537-714

John Gardner
Media Enquiries
Citadel Magnus
T: +61-8-6160-4901
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Emmerson Resources Limited (ASX:ERM) Exploration Underway for High Grade Cobalt, Copper and Gold within Tennant Creek Project

April 16, 2018, 5:03 pm
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Emmerson Resources Limited ("Emmerson") (ASX:ERM) (OTCMKTS:EMMRF) is pleased to announce the commencement of exploration and the execution of an agreement with New Resolution Geophysics(NRG) to fly their latest helicopter borne, time domain electromagnetic (HTDEM) system.

- Innovative helicopter-borne, geophysical survey underway to search for new Jasper Hills and Edna Beryl style deposits.

o Survey of 680-line kilometres to cover the Northern Corridor that hosts:

o Jasper Hills - recently announced Cobalt, Copper and Gold project with best grades from drill holes of:

-- 28m at 5.83g/t gold, 0.17% cobalt and 8.52% copper (from 108m) and includes:

-- 19m at 0.56g/t gold, 0.47% cobalt and 11.4% copper (ASX- 10 April 2018)

o Edna Beryl - now in production with best grades of:

-- 8m at 157g/t gold, 34.5g/t silver and 0.5% copper (from 146m) and includes:

-- 5m at 251g/t gold, 54.6g/t silver and 0.6% copper (ASX- 31 October 2016)

o Marathon - 7m at 202 g/t gold, 0.54% copper and 0.61% bismuth (from 164m) (ASX- 19 Mar 2013)

o Hermitage - 9m at 13g/t gold and 2.17% bismuth (from 176m) (ASX- 21 Dec 2009)

o Troy - 30.2m at 4.3% copper (from 287m) (ASX- 21 Dec 2009)

- Drill program over previously defined highgrade gold projects commencing shortly

Emmerson's Managing Director, Mr Rob Bills commented: "One of the most exciting exploration programs in Tennant Creek has commenced with:

1) An airborne geophysical survey to pinpoint further high-grade cobalt, copper and gold deposits within a highly prospective belt of rocks termed the northern corridor. This corridor is defined by a regional gravity ridge which hosts a variety of gold, copper and now with the inclusion of Jasper Hills, cobalt. Apart from the exceptional grades of these prospects, they are associated with similar geological settings consisting of oxidised hematite ironstones - something Emmerson has considerable experience in discovering. In fact, Emmerson discovered high grade copper and gold at the Goanna prospect back in 2012 utilising similar geological models and airborne electrical geophysics. Excitingly, we are now capitalising on this know-how and deploying an even more powerful and sophisticated airborne system that utilises the very latest technology.

2) A 2,400m drill program across high priority projects that were previously identified under the previous JV with Evolution. These prospects have potential for extensions to high grade gold mineralisation and depending on the results of this drilling, will either become part of our small mines or in the best case, expand to larger scale projects.

Much of the geology of the northern corridor is covered, thus the importance of collecting high quality, sub surface data to better detect the fingerprints of these high-grade/high value deposits. We are particularly pleased that Emmerson now has exposure to the high value "battery metals" of cobalt and copper - plus gold, which of course is a natural hedge against global volatility - all these metals face substantial supply constraints and will likely become increasingly valuable and sought after."

Northern Corridor Exploration (see figures 1 & 2 in link below)

According to NRG, their system (called Xcite) "when compared to all other AEM technologies available on the market today, is uniquely qualified and is unparalleled in its abilities. It is the only system that offers early time (near surface) resolution due to its very fast transmitter pulse turn-off speed, coupled with late time (deep penetrating) performance in a single pulse waveform. The streaming data provides an along line resolution of ~0.5m with uninterrupted 'soundings' from near surface to >300m depth of investigation. No other AEM system can offer this level of resolution laterally and vertically."

According to Emmerson's inhouse investigations, the association of cobalt and copper sulphides that characterise most of the deposits and prospects in the northern corridor, will generate detectable signatures for HTDM in both the oxidised and primary zones (depending on their size and intensity) (see figure 3 in link below). Furthermore, the depth penetration of the Xcite system compared to the depth of the known prospects (see above "from" in dot points) indicates this survey will be effective down to 300m. Which combined with our understanding of the formation of these deposit types provides great potential to pinpoint further mineralisation.

Next Drill program (see figure 4 in link below)

The first drill campaign for Emmerson's Tennant Creek project will commence later this month (weather permitting) and consist of:

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

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

- The remainder of the drill holes are spread across potential small mines projects and aimed at providing further geological and grade information for future planning purposes

About Tennant Creek and Emmerson Resources

The Tennant Creek Mineral Field (TCMF) is one of Australia's highest-grade gold and copper fields producing over 5.5 Mozs of gold and 470,000 tonnes of copper from deposits including Warrego, White Devil, Orlando, Gecko, Chariot and Golden Forty. These high-grade deposits are highly valuable exploration targets and to date discoveries include high grade gold at Edna Beryl and Mauretania, plus copper-gold at Goanna and Monitor. These are the first discoveries in the TCMF for over a decade.

Emmerson announced the first gold pour from the high-grade Edna Beryl gold mine in December 2017. This mine is being operated under a Tribute Agreement with specialist small miner, the Edna Beryl Mining Company.

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

On the 19th of February 2018, Emmerson notified the ASX that it had reached and executed an agreement with previous JV partner, Evolution Mining pertaining to the Tennant Creek Mineral Field JV. Under the proposed restructure, Emmerson retains 100% ownership of 2,600km2 or 94% of the previous JV area that includes all the gold projects and 100% of the revenue from the small mines. In return Evolution takes 100% of the copper dominant projects of Orlando, Gecko and Goanna. This agreement needs approval by Emmerson shareholders at a meeting of shareholders to be held in May 2018.

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

To view figures, please visit:
http://abnnewswire.net/lnk/WD6247Z0 

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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Carnarvon Petroleum Limited (ASX:CVN) Phoenix South-3 Drilling Commenced

April 16, 2018, 5:21 pm
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Carnarvon Petroleum Limited ("Carnarvon") (ASX:CVN) (OTCMKTS:CVONF) is pleased to provide the following update on the commencement of drilling at the Phoenix South-3 well as advised by the operator, Quadrant Energy.

Highlights

- Drilling of the Phoenix South-3 well has now commenced

- Currently preparing to run 36" surface conductor

- Significant resource being targeted of 143 million barrels of oil equivalent (gross, Pmean)

- Objective is to fully evaluate the gas and condensate discovered in the Phoenix South-2 well

Progress

Since arriving on site, the rig successfully completed the 'ready to operate' process and has finished drilling the 42" hole in preparation to run surface casing.

Forward Plan

The 42" surface hole was drilled to around 240 metres MD in preparation for setting the 36" surface conductor. This conductor is slightly deeper than Phoenix South-2 to accommodate heavier casing strings as allowed for in this well's drill program. Following the setting of this conductor, the rig will drill the 26" hole, and set and cement the 20" casing. These operations are planned to take around 10 days to complete.

Well Objective

The primary objective for the Phoenix South-3 well is to evaluate the gas and condensate potential of the Caley Member within a large, faulted anti-clinal closure that was partially penetrated with the Phoenix South-2 well.

Phoenix South-2 encountered gas and condensate in the Caley Member but was unable to drill through and evaluate the formation. The Phoenix South-3 well has been optimally designed to penetrate and evaluate the hydrocarbon bearing formations of the Caley Member.

Phoenix South-3 is located around 560 metres North-North East of the Phoenix South-2 well. The well will target a closure that is estimated by Carnarvon to contain a gross mean recoverable prospective resource of 489 Bscf of gas and 57 million barrels of associated condensate (being 143 million barrels of oil equivalent ("boe"), gross, Pmean) - Refer to ASX Announcement on 28 March 2017.

The well is also expected to encounter sandstones within the Hove Member that may be hydrocarbon bearing.

Well Timing

Drilling of the Phoenix South-3 well is estimated to take around 90 days to reach the target depth of approximately 5,500 m MD. The Operator's plans encompass staged drilling just above and through the Caley reservoir section. The result is that drilling through the Caley reservoir section will progress slower than through the other sections of the well bore.

Formation Prognosis and Evaluation

The primary objective in this well, the Caley Member, is anticipated to be penetrated just above 5,200 m MD. The evaluation for the formations above this will be based on Logging While Drilling ("LWD") tools. Evaluation of the Caley Member will be initially via LWD tools as the section is drilled. Further evaluation is planned to be undertaken using a complete suite of wireline formation evaluation tools, including pressure testing and fluid sampling. No flow testing is planned for this well. The Caley formation was previously tested by the Roc-2 well and flowed at rates of around 55 MM scf/day and 3,000 barrels of condensate per day in well test operations successfully conducted in 2016. 
 
Carnarvon Petroleum             20% 

Quadrant Energy (Operator)      80%

To view figures, please visit:
http://abnnewswire.net/lnk/0Y3U9595 

Mr Thomson Naude
Company Secretary
Phone: +61-8-9321-2665
Email: investor.relations@cvn.com.au
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Alt Resources Ltd (ASX:ARS) Capital Placement

April 16, 2018, 5:29 pm
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Alt Resources Limited (ASX:ARS) (the Company) is pleased to announce that it is proposing to undertake a capital raising to raise up to $2,736,000 before issue costs. The share issue comprises a placement to sophisticated and professional investors (Placement).

Placement

The Placement is to be conducted in two tranches. The first tranche to raise $1,791,186 was completed today using the Company's available placement capacity under ASX Listing Rules 7.1. and 7.1A. The second tranche to raise up to an additional $944,813 will be completed following the receipt of necessary shareholder approval.

Up to an aggregate 48,000,000 fully paid ordinary shares in the capital of the Company (Shares) will be issued under the Placement at an issue price of $0.057 per Share (Issue Price). The Issue Price represents 14.9% discount to the Company's Volume Weighted Average Price (VWAP) over the last 15 days the shares traded, being $0.067.

Subject to shareholder approval, the Company will issue one (1) option to acquire a Share (Option) for every three (3) Shares subscribed for and issued under the Placement. The Options will be exercisable at $0.10 on or before 31 December 2019. Up to an aggregate 16,000,000 Options will be issued under the Placement.

The Placement is made to investors qualifying under Section 708 of the Corporations Act 2001 (Cth) (Act).

Use of Funds

It is intended that funds raised under the Placement will be used as follows:

a) to pay Latitude Consolidated Limited the cash payment of $600,000 for the Mt Ida South and Quinns Project acquisition, as announced on 16 January 2018;

b) to continue RC and diamond drilling programs at the Bottle Creek Gold Project;

c) to undertake JORC 2012 resource modeling and metallurgical studies;

d) to commence pre-feasibility studies: and

e) to provide general working capital for the Company's current operations.

To view the release, please visit:
http://abnnewswire.net/lnk/71S227Z8 

Alt Resources Ltd
T: 1800-774-438
F: +61-2-4910-2510
E: info@altresources.com.au
WWW: www.altresources.com.au
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Kingston Resources Limited (ASX:KSN) Quarterly Activities Report

April 16, 2018, 7:27 pm
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Kingston Resources Limited (ASX:KSN) (Kingston or the Company) had a very active March quarter as it prepares for drilling at both the Misima Gold Project and the Livingstone Gold Project. Mobilisation for drilling at Misima is now well underway with all equipment and consumables scheduled to arrive on the island later this month with drilling commencing shortly thereafter.

Highlights

Kingston Resources is pleased to provide an update on its activities for the March quarter. Highlights include:

- Drill rig mobilising for major campaign at Misima

- Discovery of high-grade near-surface gold at Ginamwamwa

- RAB drilling underway at Livingstone

- $4.5m capital raising successfully completed

Kingston has also continued its channel sampling program at Misima, with the discovery of a new target area at Ginamwamwa. Ginamwamwa hosts a best channel sample of 14m @ 12.2g/t Au (refer ASX announcement 27 March 2018). In addition, a highly experienced structural geologist spent four weeks on the island to conduct a structural review helping to refine drill hole locations and prioritise future exploration targets.

At Livingstone, further auger drilling was completed in March extending the 2017 coverage around Livingstone's Find to the south and northwest. Assays for this program remain pending. An 8000m air core drilling program is underway now.

Kingston finished the quarter with $5.6m cash having successfully completed an oversubscribed private placement and a Share Purchase Plan during the quarter raising a total of $4.5m (before costs) at 2.2c.

Managing Director Andrew Corbett said "The March quarter was a key period for Kingston as the Company prepared for drilling at two locations. We are excited to now be moving to the next stage of exploration at both Misima and Livingstone with drilling at Livingstone underway and drilling at Misima set to commence shortly. The Kingston team has done a great job to get Misima drill ready within such a short time frame since taking over management of the project in late 2017."

To view the full report with figures, please visit:
http://abnnewswire.net/lnk/21Y7UD64 

Kingston Resources Limited
T: +61-2-8021-7492
E: info@kingstonresources.com.au
WWW: www.kingstonresources.com.au
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Classic Minerals Ltd (ASX:CLZ) Fraser Range Update - High Grade Surface Cobalt Mineralisation

April 17, 2018, 3:25 pm
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WA-focused gold exploration and development company Classic Minerals Limited (ASX:CLZ) ("Classic", or "the Company") is pleased to provide an update on its Fraser Range Ni-Cu project in WA.

Highlights:

- Contiguous Cobalt surface mineralisation at Rubys Reward

- Further data review underway with onsite mapping and additional sampling to occur following completion of current FGP drilling program

- Aircore Drilling planned once final Govt approvals received

1. INTRODUCTION

Although Classic has been primarily focused on gold exploration at its flagship Forrestania Gold Project ("FGP"), the Company is pleased to announce that a recent review of its Fraser Range dataset has identified excellent cobalt anomalism at Rubys Reward including a reading of up to 1,399ppm Co.

Furthermore, the Company notes increased interest in cobalt exploration in the Fraser Range with the proposed IPO of Mark Creasy's Galileo Mining Ltd.

Classic is planning additional sampling and shallow aircore drilling in the near future to test the Cobalt mineralisation at Rubys Reward.

Classic CEO Dean Goodwin said:

Classic's Fraser Range project is an exciting asset with proven Ni-Cu mineralisation discovered by the Company at Mammoth and Alpha and apparent prospectivity for Cobalt and other minerals.

After reviewing the company's data and historical reports, it became apparent that the Rubys Reward prospect has cobalt potential worth following up. After plotting rock chip and soil sampling data, we could see a clear trend of anomalous cobalt mineralisation trending S/SW within our Tenement.

We are planning a field trip in the near term to collect further samples and to carry out some geological mapping of the prospect, with an air core drill program planned as soon as necessary approvals are received from the Govt.

Our focus is on FGP but Fraser Range remains an important asset in the stable and we look forward to releasing the results of the sampling and Air Core drill results in due course.

2. CLASSICS FRASER RANGE PROJECT - A HOTSPOT FOR COBALT EXPLORATION

The following map shows Classic's Fraser Range tenure in relation to tenements held or applied for by Mark Creasy controlled entities or related parties. It is noteworthy that famed prospector Mark Creasy has recently signalled his interest in exploring for Cobalt in the Fraser Range via the upcoming float of Galileo Mining Ltd. Classic views the proximity of its tenure in relation to Creasy Group holdings as encouraging.

3. RUBYS REWARD - SIGNIFICANT GRADE COBALT AT SURFACE

Rubys Reward is located on Classic's wholly owned E28/1904 and lies ~15km south-west of the Company's mammoth nickel deposit. E28/1904 is located within the Albany-Fraser Orogeny on the margin of the Yilgarn Craton. Occasional outcrop occurs with most of the tenement under shallow cover. From the work completed by the GSWA, the tenement group is interpreted to be underlain by the Fraser Zone and the Nornalup Zone. Previous exploration relevant to project development in the tenement area included work by Newmont (base metals exploration, 1965-1972), Growth Resources (platinum-nickel-chromite exploration, 1988 - 1990) and Geographe Resources Ltd/Homestake Gold of Australia Ltd (Fraser Range gold/base metals exploration, 1997-2001).

The potential for new discoveries remains high, as past advanced exploration campaigns have been very limited.

In 2012, Classic carried out a rock chip sample program at various prospects within the tenement, including Rubys Reward. At the time the company's focus was on nickel and copper mineralisation. Once the rock chip samples were re-plotted with cobalt readings, a clear trend emerged as shown in the plan below: (see link below)

With the price of Cobalt rising steadily as demand increases, as well as the increased interest from other explorers in the area, the Company is of the opinion that the rock chips demonstrate potential for large scale economic mineralisation and warrant further follow up.

4. NEXT STEPS AT FRASER RANGE

A closed spaced geochemical sampling program will be undertaken at Rubys Reward during the current quarter. Classic will also undertake geological mapping and reconnaissance. Following the interpretation of this data and other data sources, a first pass air core drilling program will be undertaken, most likely to occur in the June quarter.

Classic will continue to review relevant technical and historical data and will keep the market informed of developments.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/93DP83OG 

Classic Minerals Ltd
T: +61-8-6305-0221
E: contact@classicminerals.com.au
WWW: www.classicminerals.com.au
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Kingston Resources Limited (ASX:KSN) Corporate Presentation

April 17, 2018, 3:44 pm
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Kingston Resources Limited (ASX:KSN) provides the Company's latest Presentation.

Misima Gold Project

- Kingston's flagship project is the world class 2.8Moz Misima Gold Project, one of the largest and highest quality undeveloped gold assets held by an ASX listed junior explorer

- Misima's low cost production history of 3.7Moz from 1989 to 2004 under Placer Pacific significantly de-risks future production

- KSN to complete its earn in to 70% by Q3 2018

Kingston's strategy is to:

- Extend and upgrade the current 2.8Moz resource before moving towards scoping studies

- Bring new high grade open pit discoveries into the project pipeline within the Misima area

Misima production advantage

Papua New Guinea

- Six major operating mines, producing Au, Ag, Cu, Co & Ni.

- PNG is currently 14th largest gold producer globally, 60 tonnes pa

- Proven, transparent and stable mining regulations and approvals process

Misima

- Polynesian culture

- Supportive local landowners

- Mining culture

o >100 FIFO mine workers

o Alluvial mining business

- Trained and experienced mine workers

Current Infrastructure

- Commercial airport, 3 flights per week

- Hospital, schools, banking

- Accommodation

- Two ports, deep and shallow water

- Power, hydro and diesel

Historic mining parameters

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- Low strip

- Low cost Drill & Blast

- Large scale fleet

Proven metallurgy

- High recovery

- Free mill ore

- Course grind

- Low bond work index

- Low cost processing

To view the full presentation, please visit:
http://abnnewswire.net/lnk/4P8477OI 

Kingston Resources Limited
T: +61-2-8021-7492
E: info@kingstonresources.com.au
WWW: www.kingstonresources.com.au
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Intermin Resources Limited (ASX:IRC) Excellent Drilling Results from Jacques Find and Yolande

April 17, 2018, 4:09 pm
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Intermin Resources Limited (ASX:IRC) ("Intermin" or the "Company") is pleased to announce further exciting reverse circulation ("RC") drilling results from the 100% owned Teal gold project, located 11km northwest of Kalgoorlie-Boulder in Western Australia (see Figure 1 in link below).

HIGHLIGHTS

- New discovery and resource growth drilling underway at the 100% owned Teal gold project area, 11km north-west of Kalgoorlie in the Western Australian goldfields

- 31 holes for 4,144m of infill and extension drilling completed to date at the Jacques Find and Yolande prospects as part of the 55,000m, 2018 program

- Significant high grade downhole RC intercepts at Jacques Find include (see Note 1 below):

o 8m @ 10.31 g/t Au from 123m including 5m @ 15.21 g/t from 123m (JFRC18039)

o 8m @ 5.70 g/t Au from 64m (JFRC18026)

o 3m @ 10.28 g/t Au from 102m ( JFRC18034)

o 6m @ 4.72 g/t Au from 54m and 6m @ 4.34 g/t Au from 42m (JFRC18038)

o 5m @ 1.26 g/t Au from 36m and 8m @ 1.60 g/t Au from 44m (JFRC18008)

o 9m @ 1.69 g/t Au from 34m (JFRC18037)

o 5m @ 1.81 g/t Au from 53m ( JFRC18028)

- Jacques Find strike length extended to over 500m with new areas of shallow oxide gold mineralisation intercepted

- Mineralisation remains open at depth and to the north

- Significant high grade downhole RC intercepts at Yolande include (see Note 1 below):

o 37m @ 2.16 g/t Au from 90m including 12m @ 2.51 g/t Au from 90m (JFRC18010)

o 9m @ 4.45 g/t Au from 118m (JFRC18010)

o 7m @ 2.12 g/t Au from 145m (JFRC18011)

o 3m @ 2.79 g/t Au from 124m and 1m @ 5.6 g/t Au from 136m (JFRC18011)

- Results from Yolande demonstrate potential for multiple parallel structures as part of a large mineralised system across the Teal project area

- Drilling continues with two RC rigs on site to complete the 20,000m Teal program in the June Quarter with further results expected in coming weeks

- Drilling at Binduli and Anthill planned to commence in June with results expected in the September Quarter 2018

Commenting on the first results of the large program, Intermin Managing Director Mr Jon Price said:

"These latest drilling results further demonstrate the potential scale and quality within the Teal project area and certainly justifies the priority placed on this large mineralised system just 15 minutes' drive from the city of Kalgoorlie-Boulder.

"The ongoing drilling program at Teal will test the full extent of this system to add free milling oxide to our production profile and determine the scale of the deeper, higher grade, primary sulphide mineralisation to enable assessment of future development options."

Overview

In February 2018 Intermin commenced a self-funded $4M, 55,000m drilling program across its 100% owned Kalgoorlie gold projects. The major drill program is focussed on new discoveries and resource extensions at the key Teal, Anthill and Blister Dam projects (see Note 2 below). As part of the program, 20,000m of RC and diamond drilling is planned for the Teal project area to grow the current resource base and test new discovery targets identified in the 2017 program (see Note 3 below).

Jacques Find

The geology at Jacques Find is dominated by Black Flag sediments (felsic volcanics and volcanoclastics) with lesser amounts of porphyry and intermediate volcanics. Fresh rock gold is typically associated with quartz and sulphides and faulting has displaced and pinched out some of the mineralisation. Primary mineralisation at depth exhibits semi-refractory properties and optimal recoveries are achieved through ultra-fine grinding, pressure oxidation or roasting. The shallow oxide supergene mineralisation is similar to the Teal gold mine where recoveries over 94% where achieved.

During 2016 and 2017, Intermin completed two highly successful RC programs (see Note 4 below) at the new Jacques Find discovery intercepting steeply dipping high grade gold shoots and extended the zone of mineralisation from 120m in 2016 to 400m length in 2017. The current 2018 resource program has focussed on infill drilling to improve geological confidence and extending mineralisation beyond the current resource envelope (see Figure 2 in link below).

To date, 31 RC holes have been completed for 4,144m to a maximum depth of 220m. The drilling has intercepted new zones of shallow oxide supergene mineralisation (see Figures 3 and 4 in link below) including 6m at 4.72g/t Au from 54m and 6m at 4.34g/t Au from 42m (hole JFRC18038), 8m at 1.60g/t Au from 44m (hole JFRC18008), 9m at 1.69g/t Au from 34m (hole JFRC18037), 5m at 1.81g/t Au from 53m (hole JFRC18028) and 4m at 1.88g/t Au from 52m (hole JFRC18032)(see Note 5 below).

Deeper mineralisation with excellent width and grades were also intercepted (see Figures 3 and 4 in link below) including 8m at 10.31g/t Au from 123m (including 5m at 15.21g/t Au from 123m) (hole JFRC18039), 8m at 5.7g/t Au from 64m (hole JFRC18026), 3m at 10.28g/t Au from 102m (hole JFRC18034) and 7m at 2.36g/t Au from 170m (hole JFRC18025) (see Note 5 below).

The successful drilling has resulted in an additional 100m of open ended gold mineralisation where JFRC18008 intercepted strong oxide mineralisation of 5m @ 1.26 g/t Au (36m) and 8m @ 1.6 g/t Au (44m) to the north. The mineralised trend at Jacques Find is now in excess of 500m in length and remains open to the north and at depth.

Yolande

At Yolande, three holes have been completed to follow up the initial 2017 result (see Note 4 below) (JFRC1709, 5m at 2.13 g/t Au and 5m at 3.49 g/t Au). Yolande appears to be either a jog/offset relative to Jacques Find or potentially a new separate ore zone. The recent results have defined broad zones of oxide mineralisation above deeper primary mineralisation and included 37m at 2.16g/t Au from 90m (including 12m at 2.51g/t Au from 90m) (hole JFRC18010), 9m at 4.45g/t Au from 118m (JFRC18010), 3m at 2.79g/t Au from 124m, 1m @ 5.6 g/t Au and 7m at 2.12g/t Au from 145m (hole JFRC18011) (see Note 6 below).

Next Steps

Drilling is continuing at the Teal project area testing additional new discovery targets, stepping out from the latest drill lines and completing further infill to improve the quality of the resources. Results from the ongoing drilling are expected in coming weeks.


Notes:

1 See Table 1 on Page 6, Competent Persons Statements on Page 8, Forward Looking Statement on Page 9 and JORC Tables on Page 10

2 As announced to the ASX on 19 February 2018

3 As announced to the ASX on 16 January 2018

4 As announced to the ASX on 29 November 2016, 15 and 29 November 2018 and 7 December 2017

5 See Table 1 on Page 6, Competent Persons Statements on Page 8, Forward Looking Statement on Page 9 and JORC Tables on Page 10

6 See Table 1 on Page 4, Competent Persons Statements on Page 6 and JORC Tables on Page 8

To view tables and figures, please visit:
http://abnnewswire.net/lnk/89V01KRK 

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

Michael Vaughan
Media Relations - Fivemark Partners
Tel: +61-422-602-720
E: michael.vaughan@fivemark.com.au
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Goldfields Money Ltd (ASX:GMY) Capital Raise and Finsure Transaction Update

April 17, 2018, 4:31 pm
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Goldfields Money Limited (ASX:GMY) ("Goldfields Money" or the "Company") is pleased to announce that it has received binding commitments from international and local institutional investors, and sophisticated investors to successfully raise gross proceeds of ~$4.7 million by way of a placement of new fully paid ordinary shares ("Placement").

The Company is also pleased to provide an update in relation to the proposed merger between the Company and Finsure ("Finsure Transaction"), including the anticipated transaction timetable and satisfaction of another condition precedent.

Placement Details

The Placement will result in the issue of 3,379,000 new fully paid ordinary shares at an issue price of $1.40 to raise ~$4.7 million (before costs). The new shares will be issued on the same terms as the Company's existing ordinary shares.

The net proceeds from the Placement will be used to support the Company's prudential capital requirements and enable the Company to pursue further lending growth.

Settlement of the Placement is expected to occur on 24 April 2018, with issue and trading of Placement shares expected to commence on 26 April 2018.

The Placement was heavily over-subscribed and represents the maximum number of ordinary shares able to be issued without shareholder approval under Goldfields Money's ASX Listing Rule 7.1 placement capacity.

Finsure Transaction Update - Transaction Timetable

As previously disclosed, a Notice of Meeting will be sent to Goldfields Money shareholders including an Explanatory Memorandum containing full details of the Finsure Transaction, together with a report from an independent expert as to whether in their opinion the Finsure Transaction is fair and reasonable to Goldfields Money shareholders.

All information the Board considers is required by Goldfields Money shareholders to allow them to make an informed decision in respect of the Finsure Transaction will be contained in the Notice of Meeting. The Board recommends that Goldfields Money shareholders read the Notice of Meeting and accompanying documents in full once received.

The Board remains confident of satisfying all remaining conditions precedent for completion of the Finsure Transaction, including obtaining all necessary regulatory approvals. The table below shows the currently anticipated transaction timetable. 
 
---------------------------------------------------------------
Event                               Date 
Dispatch Notice of Meeting          May 2018 
Shareholder meeting                 June 2018 
Completion                          June 2018 
---------------------------------------------------------------
Finsure Transaction Update - Conditions Precedent

In satisfaction of another condition of the Finsure Transaction, Finsure's lenders provided their consent for the Finsure Transaction to proceed. Goldfields Money and Finsure are pleased to receive the support of Finsure's lenders, which means that all required change of control consents have now been received.

Further to the Company's announcement of 15 January 2018, completion of the Finsure Transaction is subject to the satisfaction (or waiver, if applicable) of the remaining conditions:

- Obtaining all necessary regulatory approvals (including FSSA approval from the Federal Treasurer)

- Obtaining all necessary Goldfields Money shareholder approvals

- ASX approving the quotation of Goldfields Money shares issued as consideration

- No Goldfields Money or Finsure material adverse effect or "prescribed event"

Goldfields Money and Finsure have agreed to extend the date by which the remaining conditions are to be satisfied or waived (where applicable) to 30 June 2018.

In the process of obtaining all necessary regulatory approvals, Goldfields Money and Finsure have been liaising with the Australian Prudential Regulatory Authority ("APRA") to confirm the impact of the Finsure Transaction on the merged group. The Company expects to raise additional capital as part of the Finsure Transaction in order to ensure that the merged group maintains sufficient regulatory capital to meet Goldfield Money's existing prudential capital requirements and to fund additional lending growth. Further details of this potential raising will be announced in due course.

Goldfields Money and Finsure continue to work towards satisfaction of the remaining conditions of the Finsure Transaction and a further update will be provided as progress is made.

If you require assistance, you can call the Goldfields Money Shareholder information line on 1300 308 375 (within Australia) or +61 8 6314 6314 (outside Australia) at any time between 9:00am and 5:00pm (AWST) on Monday to Friday.

Hartleys Limited and Baillieu Holst Ltd acted as Joint Lead Managers for the Placement.

Goldfields Money's financial adviser is Azure Capital and its legal adviser is Lavan.

Finsure's financial adviser is Aura Capital and its legal adviser is Ashurst.

To view the presentation, please visit:
http://abnnewswire.net/lnk/553895V1 

Investor / Media Enquiries
Simon Lyons
Executive Director & CEO
Goldfields Money
slyons@goldfieldsmoney.com.au
Ph: +61-8-9438-8888
M: +61-417-178325

Andrew Rowell
Director - Investor Relations
Cannings Purple
arowell@canningspurple.com.au
Ph: +61-8-6314-6314
M: +61-400-466-226
↧

Goldfields Money Ltd (ASX:GMY) Investor Presentation

April 17, 2018, 4:32 pm
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Goldfields Money Ltd (ASX:GMY) provides the Company's latest Investor Presentation.

TRANSACTION OVERVIEW

The proposed merger with Finsure involves the acquisition by Goldfields Money of 100% of the diluted shares in Finsure via the issue of Goldfields Money shares.

Key Terms

CONSIDERATION SHARES

Goldfields Money proposes to issue 40,750,000 fully paid ordinary shares to Finsure shareholders based on an agreed issue price of $1.50 per share valuing Finsure at ~$61 million and the merged group at ~$98 million

BOARD COMPOSITION

Finsure co-founder and CEO, John Kolenda, has joined the Goldfields Money Board at the invitation of the existing Board

CONDITIONS

The proposed merger is subject to satisfaction (or waiver, if applicable) of the remaining conditions:

- Obtaining all necessary regulatory approvals (including FSSA approval from the Federal Treasurer)

- Obtaining all necessary Goldfields Money shareholder approvals

- ASX approving the quotation of Goldfields Money shares issued as consideration

- No Goldfields Money or Finsurematerial adverse effect or "prescribed event"

OPPORTUNITY TO VOTE

- Goldfields Money shareholders will be given the opportunity to vote on the proposed merger with Finsure, which will be subject to a simple majority vote (i.e. >50%)

TIMELINE

Dispatch Notice of Meeting: May 2018

Shareholder meeting: June 2018

Completion: June 2018

Key Benefits

DIVERSIFIED REVENUE STREAMS

- Access to diversified revenue streams including aggregation, wholesale product offerings, broker subscription fees

- Broader geographical exposure including an established east coast presence

INCREASED LOAN VOLUMES

- Access to increased loan volumes by joining Finsure's panel of lenders, and the potential opportunity to fund part of the wholesale and white-label businesses

LOWER COST FUNDING

- Access to lower cost funding via Finsure's distribution channels for deposit products including term deposits and transaction accounts

ACHIEVE NEW MARKET STATUS

- Ability to fast-track Goldfield Money's aim of becoming a diversified financial services business with banking status by leveraging complimentary services and increasing scale

OPERATIONAL SYNERGIES

- Whilst the intention is to keep the Goldfields Money and Finsure businesses operationally separate, there are a number of opportunities to rationalise functions that are duplicated including back-office support and credit assessment

To view the full presentation, please visit:
http://abnnewswire.net/lnk/553895V1 

Investor / Media Enquiries
Simon Lyons
Executive Director & CEO
Goldfields Money
E: slyons@goldfieldsmoney.com.au
M: +61-417-178325
↧
↧

Liquefied Natural Gas Ltd (ASX:LNG) Further Update on Exit of Fisherman's Landing LNG Project

April 17, 2018, 4:32 pm
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Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) (Company) refers to its announcement dated 17 April 2018 and confirms (as requested by ASX) that the buyer of the Company's wholly-owned subsidiary, Gladstone LNG Pty Ltd, is LNG Queensland Pty Ltd. 

Americas/Europe
Mr. Micah Hirschfield
Sr. Manager, Communications and Investor Relations
Liquefied Natural Gas Limited
T: +1-713-815-6920
E: mhirschfield@lnglimited.com

Australia/Asia
Mr. Andrew Gould
Group Development Manager and Joint Company Secretary
Liquefied Natural Gas Limited
T: +61-8-9366-3700
E: AGould@lnglimited.com.au
↧

Topbetta Holdings Ltd (ASX:TBH) to Sell Retail Asset to PlayUp in $6m Deal Plus Ongoing Revenues

April 17, 2018, 4:56 pm
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The Board of TopBetta Holdings Limited (ASX:TBH) ("TBH" or the "Company") is pleased to update the market with the following announcement about its retail wagering and wholesale businesses.

Highlights:

- TBH to sell TopBetta and Mad Bookie retail businesses to PlayUp for $6million.

- TBH to enter into a software and services agreement with PlayUp for the provision of various risk management, technology and software services.

- TBH to retain 20% of the retail revenue from TopBetta and Mad Bookie brands as part of the software and services agreements.

- TBH may receive up to 20% of the revenue from PlayUp's current and future wagering revenues subject to software and services provided to PlayUp.

- Deal greatly reduces cost base of the TBH business and provides substantial funding for the wholesale business and The Global Tote.

Key summary:

- TBH has entered into a binding heads of agreement ("Agreement") to sell 100% of its shares in TopBetta Pty Ltd ("TopBetta") to PlayUp Limited ("PlayUp") in consideration for $6million in cash (plus GST)("Sale"). PlayUp has also committed to issue TBH with 800 million PlayChips if and when TBH develops and launches a cryptocurrency tote product (see further details below) ("Crypto Tote"). TBH notes that the Sale is not conditional on the launch of a Crypto Tote or the issue of the PlayChips.

- Pro-forma effect of the Sale means TBH would see an 18% reduction in revenue offset by a 48% reduction in cost base(1).

- TopBetta is a wholly owned subsidiary of TBH and operates TBH's retail business offering of fantasy sports and online wagering under the 'TopBetta' and 'Mad Bookie' brands ("Retail Business").

- Post-completion of the Sale, TBH will provide, through its subsidiaries, licenses and services in connection with TBH's software and technology products to PlayUp's wagering brands (including TopBetta and Mad Bookie) for agreed service fees.

- TBH Board believes the Sale will provide sufficient funding to execute on its wholesale business strategy over the next 12 months, focussing on its B2B products ("Wholesale Business").

1 These figures are provided on an unaudited basis.

TBH CEO, Todd Buckingham, said: "This deal is a significant step for the Company. Not only does the $6M sale of the retail assets provide significant funding for TBH, but the ongoing services agreement and revenue share greatly reduces our cash burn while allowing us to focus on developing the existing wholesale and Global Tote business."

"We have developed a full suite of wholesale wagering products that we can deliver to operators around the world. Now, with the more focussed business model on delivering new and innovative products to wagering operators, we believe we will be the wholesale provider of choice for operators when they consider their wagering platforms, odds and risk management systems and customer facing software."

"We are excited by the ongoing relationship and opportunities with PlayUp which will complement our expansion strategy."

PlayUp's CEO, Daniel Simic said: "PlayUp is excited to be working with TBH and to have successfully secured the TopBetta & Mad Bookie retail businesses."

"We believe TBH's innovative wholesale products have the potential to be real game changers in the global wagering industry."

Wholesale Business

The Board expects that, post-completion of the Sale, TBH will be funded to execute on its wholesale business strategy over the next 12 months, focussing on the significant potential of, and opportunities for, TBH's wholesale products. For the avoidance of doubt, TBH's Wholesale Business includes continuing to develop online wagering products for distribution in the retail market by its wholesale partners, including the retail wagering platform which currently drives the TopBetta and Mad Bookie businesses.

With the completion of Sale, the Wholesale Business will be TBH's primary focus allowing for delivery of more innovative products to complement the suite of technology it has developed, owns and operates.

TBH's technology stack includes: odds compilation system, data management, risk management system, odds management technology, client management system, white label wagering solution, tote system, fixed odds racing product suite, and informatics solution.

Approvals

Completion of the Sale is subject to TBH receiving all requisite ASX and shareholder approvals and consents, including, without limitation, the requirements of Chapter 11 of the ASX Listing Rules and, if applicable, Chapters 1 and 2 of the ASX Listing Rules.

TBH has engaged in discussions with ASX regarding the Sale, in particular, whether ASX Listing Rule 11.1 applies to the Sale. TBH notes that the Company will remain in suspension until ASX determines whether ASX Listing Rule 11.1 applies to the Sale.

Please also see further information in respect of the Sale set out at Annexure A.

Material terms of the Agreement

The material terms of the Agreement are as follows:

Sale of TopBetta:

Consideration

- TBH has agreed to sell 100% of its shares in TopBetta to PlayUp for $6million in cash (plus GST). PlayUp has also committed to issue TBH with 800 million PlayChips if and when TBH develops and launches a Crypto Tote. TBH notes that the Sale is not conditional on the launch of a Crypto Tote or the issue of the PlayChips.

- A $3 million non-refundable deposit ("Deposit") is payable within 5 business days after TBH satisfies or waives the Shareholder Approval CP (defined below). The Deposit is only refundable where TBH does not satisfy or waive each of the Conditions Precedent (set out below) by 31 July 2018.

- The remaining $3 million is payable on completion of the Sale.

Sale of TBH's Retail Business

- TBH will sell 100% of the shares in TopBetta. The Sale will not involve PlayUp acquiring any interest in TBH's Wholesale Business, or any assets used in connection with the Wholesale Business.

- The Sale will not involve PlayUp acquiring any interest in, or right to, any software, source code, technology or computer programs comprising the online wagering platforms used in connection with the 'TopBetta' or 'Mad Bookie' brands, including TBH's "fantasy wagering" tournament platform and TBH's online content platform (together "TBH Software Platforms").

- The Sale includes TopBetta's retail bookmaking licence granted by the Northern Territory Racing Commission (NTRC) in Australia, a simulcast and account deposit wagering service provider licence granted by the North Dakota Racing Commission (NDRC) in the United States and a combined remote operating licence granted by the Gambling Commission in Great Britain (UKGC). PlayUp will be required to complete due diligence process for these jurisdictions, however, the Sale is not conditional upon these processes being completed. The Sale does not include any of the licences which are required for TBH's Wholesale Business or operations in the UK and the US.

Conditions Precedent, Termination and other Terms

Completion of the Sale will be conditional upon satisfaction (or waiver) of the following conditions precedent on or before 31 July 2018:

- TBH and PlayUp agreeing to the terms of a white label agreement pursuant to which TBH will grant a license to PlayUp to use the TBH Software Platforms for the online wagering brands owned or operated by PlayUp from time to time (including the TopBetta and Madbookie brands) (together "PlayUp Brands");

- TBH obtaining, and complying with, all requisite requirements, approvals and consents from ASIC, ASX or other regulatory bodies;

- TBH obtaining all shareholder approvals as may be required under the Corporations Act 2001 (Cth) or the ASX Listing Rules, including, without limitation, any approvals required under Chapter 11 of the ASX Listing Rules and, if applicable, Chapters 1 and 2 of the ASX Listing Rules ("Shareholder Approval CP"); and o the successful negotiation, agreement and execution of the following transaction documents:

o a Share Sale Agreement;

o a Services Agreement (described further below);

o a White Label Agreement;

o a Global Tote Access Agreement;

o a Software Escrow Agreement; and

o such other documents that may be necessary to give effect to the terms agreed by the parties.

TBH can elect to waive any of the above conditions precedent at its sole discretion (other than the regulatory approvals referred to above). The Agreement terminates on 1 August 2018, or upon either party being affected by an insolvency event.

Indicative Timetable

The indicative timetable for implementing the Sale is as follows: 

Event                                 Indicative Date
Signing of the Heads of Agreement     13 April 2018
Dispatch of Notice of General 
Meeting of the Company's Shareholders 2 May 2018*
Date of General Meeting               1 June 2018*
Payment of $3M deposit On or before   6 June 2018**
Satisfaction or waiver of Conditions 
Precedent On or before                31 July 2018
Completion of Sale                    5 business days after the 
                                      satisfaction or waiver of 
                                      Conditions Precedent
* These dates are subject to change.
** This date may change depending on the date of the General Meeting.

Services Agreement:

- From Completion, TBH will provide, through its wholly owned subsidiaries, services to PlayUp relating to the technical back-end operation and risk management of the TBH Software Platforms ("Services") to the extent that the PlayUp Brands use the TBH Software Platforms in accordance with the White Label Agreement.

- The Services must be provided for a fixed term of 24 months and the Services can only be terminated by either party where:

o either party breaches an essential term of the Services Agreement and does not rectify that breach within 14 days of being given notice to do so; or

o the other party suffers an insolvency event or makes any composition or arrangement with its creditors generally or takes advantage of any statute for relief of insolvent debtors.

- In consideration for the provision of the Services, PlayUp will pay a monthly service fee ("Service Fee") (exclusive of GST) equal to 10% of total 'Gross Wagering Revenue' per month of the PlayUp Brands which use the Services.

- In addition to the Service Fee and in consideration for the grant of the license to use the TBH Software Platforms, PlayUp must pay a monthly license fee (exclusive of GST) equal to 10% of total 'Gross Wagering Revenue' per month of the PlayUp Brands which use the TBH Software Platforms.

- Gross Wagering Revenue is calculated as: Bets placed, less Bet wins, less fees and taxes including race field fees and point of consumption tax if applicable.

- In the event that PlayUp breaches and essential term of the Services Agreement and TBH terminates or PlayUp terminates the agreement without cause, then PlayUp must pay to TBH (or its nominee) a fee per month equal to 10% of the monthly Gross Wagering Revenue of all wagering brands owned or operated by PlayUp post-completion until the date on which the Services Agreement would have otherwise terminated.

PlayChips and the Crypto Tote

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

TBH is currently considering developing a tote platform which will accept third party cryptocurrencies, in addition to traditional currencies. The Crypto Tote is still in concept phase and TBH is still considering the viability of, regulatory issues associated with, and proposed business plan for, the Crypto Tote.

Under the Agreement, PlayUp has committed 800 million PlayChips to TBH (or its nominee) for the purpose of seeding the Crypto Tote, if it is developed and launched. If TBH decides to develop the Crypto Tote, TBH will liaise with the ASX regarding such development and the application of Chapter 11 and ASX Listing Rule 12.5 at the relevant time.

TBH notes that:

- the PlayChips will only be issued if TBH proceed with the Crypto Tote; and

- the Sale is not conditional on the development or launch of the Crypto Tote, or the issue of the PlayChips.

Accordingly, the Sale will proceed regardless of whether the Crypto Tote is developed.

On the crypto currency PlayChips and the Crypto Tote, Mr Buckingham said: "We want to stress to the market that we have not put any value on this part of the deal when assessing the value to shareholders on the Sale, other than to say that TBH believes the Crypto Tote is an interesting concept, given the current interest in crypto currencies, and the commitment of the PlayChips will support the launch of a Crypto Tote if TBH decide to pursue it." 

Charly Duffy
Company Secretary
companysecretary@topbetta.com
+ 61 (0) 409 083 780

Jane Morgan
Investor & Media Relations
investors@topbetta.com
+ 61 (0) 405 555 618
↧

Queensland Bauxite Ltd (ASX:QBL) MCL First to Release Australian Hemp Seed Oil Capsules

April 17, 2018, 5:03 pm
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The Board of Queensland Bauxite (ASX:QBL) is pleased to advise that Medical Cannabis Limited (MCL) through its subsidiary VitaHemp Pty Ltd (VitaHemp), is announcing the release of a first of its kind to the Australian market, Australian grown and processed Hemp Seed Oil soft-gel capsules.

These capsules meet a unique consumer demand in the Australian market. More and more Australians understand a correlation between diet and general well-being. Omega 3-6-9 oils are often consumed via animal based oils or fish oils, including intensively farmed byproducts from fish aquaculture.

However, many are now seeking plant-based alternatives such as Hemp Seed Oil which provide the same important Essential Fatty Acids (EFA's) and Gamma Linoleic Acids (GLA's).

Hemp Seed Oil contains an ideal balance of omega-3 to omega-6 fatty acids for the body in an optimal 1:3 ratio of omega-3 to omega-6 required for body consumption and use whereas fish oil capsules (such as salmon, herring, sardines and anchovies) can have a sub-optimal profile of around seven to twenty times the omega-6 to omega-3 oils.

(source: National Center for Biotechnology Information, report author Artemis P. Simopoulos).

The Vitahemp capsules are further unique in that they guarantee Australian grown hemp seeds, and contain no chemical residues, no mercury and no odours which are common causes of complaint about fish oil capsules.

VitaHemp capsules provide genuine quality for its users. Not all Hemp Seed Oils are equal, there can be variances. The adage "oils ain't oils" applies to Hemp Seed Oil. Only careful cold-pressing, slow filtering processes and climate-controlled conditions, ensure real quality.

VitaHemp's Seed and processing Division, HHC, and partners Waltanna Hemp Group, provide the finest quality hulled hemp seed, hemp protein, hemp flour and refined Hemp Seed Oil in Australia. VitaHemp's proprietary processing facilities are amongst the best in the world for producing quality fresh hemp seed food products. MCL's seed and production division is setting the standard as a global leader in hemp seed food production here in Australia.

The "Black label" range of Hemp Seed Oil products are the next advancement in cold-pressed refining. VitaHemp are now able to refine smoother oils and extend the shelf-life of its Hemp Seed Oils. We believe, that VitaHemp's "Black label" Hemp Seed Oil soft gel capsules will fill a current vacancy in the marketplace by supplying a Hemp Seed product which is a plant-based alternative to Fish Oil capsules.

Pnina Feldman, Executive Chairperson of QBL commented, "The Board of QBL are very pleased to see the continued development of MCL's business, including the release of this new innovative and quality product which we anticipate will be well received by consumers, and thereby generate significant revenues for the benefit of all our shareholders". 

Queensland Bauxite Ltd
Tel: +61-2-9291-9000

For further information or any queries please email the Company at:
sfeldman@queenslandbauxite.com.au
↧
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