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Kingston Resources Limited (ASX:KSN) EDI Scheme Record Date and Distribution

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Kingston Resources Limited (ASX:KSN) is pleased to advise that it has been successful in its application for participation in the Federal Government's Exploration Development Incentive (EDI) Scheme for the 2017 tax year.

The EDI enables eligible exploration companies to create exploration credits (EDI Credits) by giving up a portion of its tax losses and distributing these EDI Credits to its shareholders. Australian tax resident shareholders that are issued with an EDI Credit will be entitled to a refundable tax offset (for shareholders who are individuals or superannuation funds) or franking credits (for shareholders who are companies). The Company's carry forward tax losses will be reduced by the amount of EDI Credits created.

KSN has claimed EDI expenditure of $1,458,906 for the 2017 income tax year. KSN shareholders will receive a pro-rata distribution of $437,671.80 of EDI Credits, which equates to 0.0360c per share.

Shareholder entitlements to the 2017 EDI Credits have been determined as at 5 pm (AEST) on Wednesday, 30 May 2018 (Record Date) and will be relative to the number of shares held on the Record Date as a proportion of the Company's total shares on issue on the Record Date. EDI Credits will be rounded down to the nearest dollar and the minimum EDI Credit to be issued will be $1 (Eligible Shareholders).

Eligible Shareholders as at the Record Date will be issued with the EDI Credits in the approved form on 29 June 2018. The 2017 EDI Credits can be claimed in the 2017/2018 year.

Further information on the EDI Scheme is available at:

www.ato.gov.au/Business/Exploration-Development-incentive/

Shareholders should obtain their own tax advice on the application of the EDI credits issued to them from their tax advisor.

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

Oventus Medical Ltd (ASX:OVN) Innovators in Sleep Apnoea Treatment Presentation for Thorney Investment Forum

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Oventus Medical Ltd (ASX:OVN) is pleased to attach a copy of the presentation that Founder and Clinical Director, Dr Chris Hart will deliver to investors this morning at the Thorney Sydney Investment Forum.

Further information can be found on our website:
http://oventus.com.au

To view the presentation, please visit:
http://abnnewswire.net/lnk/95LR87MA

Mr Neil Anderson
Managing Director and CEO
M: 0403 003 475

Jane Lowe
IR Department
M: 0411 117 774
jane.lowe@irdepartment.com.au

YPB Group Ltd (ASX:YPB) AGM Presentation

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YPB Group Ltd (ASX:YPB) provides the AGM Presentation detailing the current opportunity for the company.

Highlights:

Rebuilt, Revitalised, Results Ready

- Opportunity amplifying - Counterfeit intensifying

- Major restructure and rebuild 2017 & H1 2018

- Revitalised - results visible H2 2018

- Tech suite progressive, potent, pertinent

- Motif Micro revolutionary tech, extravagant possibilities

- Token Sale Event potentially highly value creating

To view the presentation, please visit:
http://abnnewswire.net/lnk/5RPWV3LM

Mr. John Houston 
Executive Chairman
YPB Group Limited
T: +61-458-701-088 
E: john.houston@ypbsystems.com 

Mr. Gerard Eakin
Director
YPB Group Limited
T: +61-427-011-596
E: eakin@manifestcapital.com
W: www.ypbsystems.com

EON NRG Ltd (ASX:E2E) 2018 AGM Presentation

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EON NRG Ltd (ASX:E2E) provides the 2018 AGM Presentation.

Investment Drivers

Near Term Development Potential

- Drive value accretion through development of high impact prospects

- Portfolio of development opportunities within current asset base

- Seeking to acquire new prospects with development potential

- Proven operators

- Management has experience of planning and implementing drilling programs in multiple US Basins

Strategy underwritten by cash flow

- Strong cash flow from existing assets to cover overhead operating costs

- Now looking to move into development phase of growth

- Diversify exposure to the broader "Energy" market by developing a minerals exploration division (focusing on Battery Minerals - Cobalt, Vanadium)

Profitable Producer

- The Group has recorded more 7 years of positive EBITDA including 2017

- The Group has recorded a positive Operating Cash Flow for more than five years including 2017

- All oil and gas fields operated by Eon have been and continue to be cash flow positive

Long Life Fields

- Reserves have been replenished through acquisitions and in-field development

- Reserve life of all fields operated by Eon are more than 15 years (certified by independent reservoir engineer)

To view the presentation, please visit:
http://abnnewswire.net/lnk/FRI41762

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

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

Website: www.eonnrg.com 
Twitter: @EonNRG

Environmental Clean Technologies Ltd (ASX:ESI) India Project Agreement Clarification

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Environmental Clean Technologies Limited (ASX:ESI) (ECT or Company) is pleased to provide the following clarification to yesterday's announcement regarding the signing of its historic agreement with two prominent Indian government enterprises, NLC India Limited (NLCIL) and NMDC Limited (NMDC).

Yesterday's announcement confirmed the signing of the Project Agreement for the execution of the largest ever joint research & development (R&D) project between Australia and India.

This clarification stems from shareholder questions relating to the title of the agreement.

The Company previously titled the agreement as the Master Project Agreement (MPA) to reflect its function, content and intent. Further details on the MPA were announced on 17 May 2018 outlining the commercial terms.

The confusion on the part of some shareholders appears to stem from the use of the title Memorandum of Understanding (MOU) in the final document. These shareholders have drawn the conclusion that the content, intent or substance of the agreement may have also changed.

This is understandable, but incorrect.

To clarify:

Indian Public Sector Undertakings (PSUs) undertaking significant collaboration projects are required to follow naming conventions which essentially allow for two types of legal titles: Memorandum of Understanding (MOU) or Memorandum of Agreement (MOA).

Whilst the parties had reached agreement on the key commercial terms for the project to proceed on 17 May 2018, the administrative process for final document endorsement required alignment of the agreement title to the PSU naming conventions which resulted in the Master Project Agreement being retitled as a MOU and the sub-agreements will be re-titled as a MOA.

These titles, whilst intended to clearly identify the key differences in staged or nested agreements, do not, by the mere fact of changing the title, change the material terms of the agreement and does not make it any less an agreement indicating the firm commitment of the parties to proceed to financial close.

Under Australian nomenclature the MPA may be described as a Heads of Agreement, as it outlines the key terms of the sub-agreements, largely in commercial language.

However, the subtleties of Australian naming conventions do not resonate with Indian PSU conventions, and given that changing the title had no material bearing on the terms of the agreement, ECT had no hesitation in accommodating the requirement by the Boards of NMDC and NLCIL to change the title of the agreement for finalising and signing.

ECT also reinforces the timeframes in which the parties seek to complete and sign the sub-agreements and thus, reach financial close.

Initially, the parties had targeted 30 June 2018, and subsequently revised guidance in the Company's 17 May 2018 announcement to 31 July 2018.

ECT Chairman Glenn Fozard commented "Our announcement yesterday mentioned August as the target for financial close, which understandably caused some investors to wonder if there is a risk of timeline slippage.

"Whilst all parties reaffirmed their target date yesterday for financial close by 31 July 2018, we are reminded that NLCIL and NMDC are large companies and have strict protocols for such contracting processes and additional time may be needed to enable adequate notice and review periods for each of the PSU Boards.

The completion and signing of yesterday's project agreement is a material achievement in progressing this first-of-a-kind project through to financial close and onto the construction phase. Dr Narendra K. Nanda, Director technical NMDC commented "NLCIL and NMDC are delighted to be in Australia for this important occasion, meeting with ECT, Indian High Commissioner Dr Gondane, Australia India Business Council. Today members my delegation are meeting with senior government representatives in Canberra meanwhile I have had the opportunity to visit the test facility for Coldry and Matmor at Bacchus Marsh. I am happy to say the facilities are excellent and represent the essential work necessary to support the successful execution of the pilot plant project."

"ECT have shared with me today much of the positive feedback on the signing event yesterday, together with some of the concerns expressed by shareholders regarding the MOU title, however this does not change the commitment or intent of NLCIL, NDMC and ECT to move quickly to achieve Financial Close and begin site works as soon as possible"

With the full support of NLCIL and NMDC the Company will continue to maintain focus and effort toward the timely completion of the sub-agreements in parallel with ongoing engineering preparatory activity and will continue to provide shareholders with guidance and updates on progress.

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

Fluence Corporation Ltd (ASX:FLC) Awarded Aspiral Wastewater Project in Yiyang City, China

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Fluence Corporation Limited (ASX:FLC) (OTCMKTS:EMFGF) announced today that it has secured a contract from the Yiyang City government for the deployment of an Aspiral(TM) L4 smart-packaged MABR-based solution (formerly known as C-MABR) for use in a municipal wastewater treatment plant. The plant will be located in Xielingang Township, Yiyang City, Hunan province, China.

- First Fluence MABR Plant in Hunan Province

- Fluence's first project with partner Hunan AeroSpace Kaitian Environmental Technology Company Ltd.

- Smart-packaged Aspiral(TM) L4 unit provides increased reliability, efficiency

This is the first contract won through Fluence's new local partner Kaitian Environmental Technology Company Ltd. Kaitian Environmental Technology Company is based in Hunan Province and its parent company is Hunan AeroSpace Company Limited, a state-owned company. Fluence's Aspiral(TM) L4 unit will treat 200 m3/d (50,000 GPD) and is scheduled to be commissioned as soon as July 2018. It is expected that this project will allow Fluence to leverage further opportunities through this partner in this region.

Commenting on another Aspiral(TM) award in China, Fluence Managing Director & CEO Henry Charrabé said: "I'm pleased to see yet another partner in Kaitian and the Yiyang City Government put their trust in Fluence and our Aspiral(TM) solutions. We continue to progress on our growth strategy in China with this sale of an Aspiral(TM) L4 in a new province and with a new partner. Considering the previous sale announced last month, it's clear we are building momentum toward our goal of capturing a sizeable portion of the rural wastewater treatment opportunity in China. Together with our partners, we are focused on making Aspiral(TM) the standard for reliably achieving efficient Class 1A discharge."

Commenting on its new partnership with Fluence, Kaitian Environmental Technology Company Executive Vice President, Mr Lan Bing Nan, noted: "Kaitian Environmental Technology Company Ltd. and Fluence have been working closely on the Yiyang City, Xielingang Township project of 200 m3/day, and we are confidently anticipating a successful implementation and continued future partnership."

Corporate: 
Henry Charrabé (USA)
Managing Director & CEO
E: hcharrabe@fluencecorp.com
P: +1-212-572-3766 

Richard Irving (USA)
Executive Chairman
E: rirving@fluencecorp.com
P: +1-408-382-9790 

Ross Kennedy (Australia)
Company Secretary & Advisor to the Board
E: rkennedy@fluencecorp.com
P: +61-409-524-442

Investors (Australia):
Ronn Bechler
Market Eye
E: ronn.bechler@marketeye.com.au
P: +61-400-009-774

Media (Australia):
Tristan Everett
Market Eye
E: tristan.everett@marketeye.com.au
P: +61-403-789-096 

Investors & media (USA):
Gary Dvorchak, CFA
The Blueshirt Group
E: gary@blueshirtgroup.com
P: +1-323-240-5796 (US) or +86-138-1079-1480 (China)

Altech Chemicals Ltd (ASX:ATC) Malaysian Manufacturing Licence Received

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Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) is pleased to announce that it has now received the official manufacturing licence from the Malaysian government for the Company's proposed 4,500tpa high purity alumina (HPA) plant in Johor, Malaysia.

Highlights

- Manufacturing licence received for 4,500tpa HPA plant

- Final instalments paid for Malaysian HPA plant site

- Project continues to progress

In February 2018 the Malaysian Investment Development Authority (MIDA) advised the Company that its application for a manufacturing licence had been approved and that the licence would be issued subject to the submission of various additional documents, including a letter of 'No Objection' from the Johor state government. The Company received a letter of 'No Objection' from the Johor State Investment Centre during the quarter and has now received the manufacturing licence for its proposed HPA plant.

On 22 May 2018 the Company announced that it had paid the final instalments totalling AU$5.1 million for the HPA plant site in Johor. These final payments secured the site and the Company will receive the deed of title (30 year lease, with the option to renew for an additional 30 years) from the Johor state government in due course.

Altech is delighted with the support that it is receiving for its HPA project from MIDA, Johor Corporation, the state of Johor and the Malaysian federal government. The prompt issuance of the letter of 'No Objection' and Altech's manufacturing licence is testament to support for the project, which will represent a total investment in Malaysia of approximately 1.2 billion ringgit.

To view figures, please visit:
http://abnnewswire.net/lnk/G851X3B5

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

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

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

Hastings Technology Metals Ltd (ASX:HAS) Capital Raising - Update

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Hastings Technology Metals Ltd (Hastings or Company) (ASX:HAS) advises that it has decided not to proceed with the capital raising announced on 30 May 2018 given current weak capital market sentiments as a result of political concerns in Europe.

The board believes that the decision to defer this capital raise is in the best interest of shareholders.

Charles Lew
Chairman
T: +65-6220-9220

Guy Robertson
Company Secretary
T: +61-9078-7674

MMJ PhytoTech Ltd (ASX:MMJ) Investment in Bien, a Global Cannabis Lifestyle Brand

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MMJ PhytoTech Limited (ASX:MMJ) ("MMJ") has invested CAD$0.7 million for a 12.7% shareholding in privately-held Bien Ventures Ltd ("Bien"). Bien is based in Calgary, Canada and is an intellectual property, branding and licensing company.

Intellectual property and brand

Bien is currently focused on exploiting the intellectual property ("IP") for its formulation and brand of soluble, odourless and flavourless "micro-dosed" CBD and THC powders that can be added to any beverage or food by a consumer.

Current business model and initial target market

Bien is preparing to license its IP and brand to manufacturers and distributors. Final testing of Bien's formulation is underway. On completion of the product testing, the initial market for launch of the Bien-branded products will be California. Manufacturing and distribution of the products to between 30 to 50 dispensaries, under license from Bien, is expected to commence in the second half of this year. MMJ notes that Bien's business model precludes handling the cannabis plant and/or seeking state licensing, to avoid status as a cannabis company. Bien is merely a branding/licensing company to the cannabis industry and its chain of custody is structured such that it never takes physical possession of the inventory.

Future business model and target market

Bien aims to expand by building its own manufacturing, distribution and marketing business, subject to obtaining appropriate licenses, in Canada from mid-2019 once cannabis edibles are legalised in that country.

Experienced management team

Bien's experienced management team is led by Zack Lister, founder and former CEO of Well Juicery, Canada's largest cold-pressed juice company.

Investment details

MMJ has acquired 2.8 million common shares in Bien at CAD$0.25 per share. Each common share has a warrant exercisable at MMJ's discretion and convertible into one common share in Bien at CAD$0.35 per common share for a period of up to 36 months.

Investor and Media Enquiries:
Jason Conroy
Chief Executive Officer
T: +61-2-8098-0819
E: jconroy@mmjphytotech.com.au

Cryptocurrency Exchange Binance.com (CRYPTO:BNB) Lists IoTeX (CRYPTO:IOTX)

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Cryptocurrency Exchange Binance.com (CRYPTO:BNB) will open trading for IOTX/BTC (CRYPTO:IOTX) and IOTX/ETH trading pairs at 2018/05/29 05:00 AM (UTC). Users can now start depositing IOTX in preparation for trading.

Introduction

The Internet of Things has rapidly evolved over the past few years, but lacks real world "killer applications". Despite the massive potential of IoT, there are roadblocks ahead, such as lack of scalability, privacy concerns, and lack of functional values. IoTeX is solving these problems by building an auto-scalable and privacy-centric blockchain infrastructure, leveraging the blockchain-in-blockchain architecture for heterogeneous computing, fast and robust Roll-DPoS consensus scheme, and lightweight privacy preserving techniques. IoTeX's mission is "connecting the physical world, block by block."

Max Supply: 10,000,000,000 IOTX

Circulating Supply: 1,141,040,005 IOTX

Issue Price: $ 0.010000

To view the Whitepaper, please visit:
http://abnnewswire.net/lnk/B5QYVYCH

Binance
E: market@binance.com
WWW: www.binance.com

IoTeX
E: support@iotex.io
WWW: www.iotex.io

Goldfields Money Ltd (ASX:GMY) Trading and Transaction Update

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Goldfields Money Limited (ASX:GMY) ("Goldfields Money" or the "Company") is pleased to provide the below trading update for Goldfields Money and Finsure for the quarter ended 31 March 2018.

The Company is also pleased to provide an update in relation to the proposed merger between the Company and Finsure ("Finsure Transaction"), including the receipt of Financial Sector (Shareholdings) Act ("FSSA") approval from the Federal Treasurer, the anticipated transaction timetable and the remaining conditions precedent.

GOLDFIELDS MONEY TRADING UPDATE

Goldfields Money experienced continued growth during the 3 months ended 31 March 2018 with loan settlements for the period of ~$17 million (with 96 individual loans settled), with year to date loan settlements and volumes the highest on record. As at 31 March 2018 Goldfields Money's total loan book grew to ~$213 million (compared to ~$201 million as at 31 December 2017).

After accounting for one-off costs incurred in responding to the Firstmac takeover offer and progressing the Finsure Transaction, pleasingly Goldfields Money expects to report an underlying profit for the financial year ending 30 June 2018.

The charts below summarise the performance of Goldfields Money over the last five years(see link below).

FINSURE TRADING UPDATE

Finsure continued to grow from strength to strength during the 3 months ended 31 March 2018 with the total loan book at the end of the period growing to ~$31.8 billion, loan settlements during the period reaching ~$2.8 billion (with over ~6,600 individual loans settled), cash revenue of ~$107 million generated during the period and its broker network growing to more than 1,400 loan writers.

Finsure's total historical book size and total loan writer network numbers as at 31 March 2017 were the highest on record.

The charts below summarise the continued growth of Finsure over the last five years(see link below).

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. The table below shows the currently anticipated transaction timetable.
  
--------------------------------------------------------------------- 
Event                                     Date 
--------------------------------------------------------------------- 
Dispatch Notice of Meeting                June 2018 
Shareholder meeting                       July 2018
Completion                                July 2018 
--------------------------------------------------------------------- 

FINSURE TRANSACTION UPDATE - CONDITIONS PRECEDENT

On 1 June 2018, FSSA approval was received from the Federal Treasurer in satisfaction of another condition of the Finsure Transaction. The approval is subject to the Company raising at least $20 million in Common Equity Tier 1 Capital, of which ~$4.7 million was raised in April 2018 from international and local institutional investors, and sophisticated investors by way of a placement of new fully paid ordinary shares.

The Company expects to raise at least ~$15.3 million in additional capital as part of the Finsure Transaction to ensure that the merged group maintains sufficient regulatory capital requirements and to fund additional lending growth.

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 Goldfields Money shareholder approvals

- ASX and ASIC review of the Explanatory Memorandum

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

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

All other conditions to allow completion of the Finsure Transaction have now been satisfied, with the remaining conditions considered largely procedural in nature with the exception of Goldfields Money shareholder approvals.

Goldfields Money and Finsure have agreed to extend the date by which the remaining conditions are to be satisfied or waived (where applicable) to 31 July 2018.

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.

To view figures, please visit:
http://abnnewswire.net/lnk/Z1LWN518

Investor / Media Enquiries
Simon Lyons
Executive Director & CEO
Goldfields Money
Ph: +61-8-9438-8810

Andrew Rowell
Director - Investor Relations
Cannings Purple
M: +61-400-466-226

Liquefied Natural Gas Ltd (ASX:LNG) Raises A$28.2 Million Through Share Placement

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Liquefied Natural Gas Limited (ASX:LNG), (OTCMKTS:LNGLY) (LNGL or the Company) is pleased to announce that it has entered into a binding subscription agreement for a Share Placement of fully paid ordinary shares in the capital of LNGL through an investment made by IDG Energy Investment Group Limited (IDG Energy Investment) (HKG:0650), an investment holding company listed on the Stock Exchange of Hong Kong and affiliated with IDG Capital. The Share Placement will be undertaken pursuant to the Company's capacity under ASX Listing Rule 7.1 and no shareholder approval is required.

The Share Placement will raise gross proceeds of A$28.2 million before costs through the issuance of 56,444,500 ordinary shares at A$0.50 per ordinary share, representing a 14.1% premium to the volume weighted average price of LNGL shares on the ASX over the 30-trading day period ending June 1, 2018 of $0.44. Following close of the Share Placement, IDG Energy Investment will hold a 9.9 percent interest in the Company.

Net proceeds from the Share Placement shall be used in support of ongoing liquefied natural gas (LNG) offtake marketing efforts, focused on Magnolia LNG, and for general corporate purposes.

"It is a great pleasure to welcome IDG Energy Investment to LNGL's investor group," said Greg Vesey, LNGL's Managing Director and CEO. "Proceeds from this Share Placement provide additional liquidity to LNGL, and the investment from IDG Energy Investment demonstrates a high level of confidence in our Company, and particularly a strong confidence in the fully permitted, shovel ready Magnolia LNG project. We are confident that our strategic relationship with IDG Energy Investment will provide LNGL with additional opportunities to market LNG volumes given IDG Energy Investment's portfolio of infrastructure investments, including regasification interests."

IDG Energy Investment's President, Mr. Liu Zhihai, stated, "We are excited to announce our investment in and support for LNGL and its Magnolia LNG project, which we see as one of the best positioned U.S. liquefaction projects to deliver needed LNG exports to Asia. IDG Energy Investment is particularly bullish on the long-term outlook for U.S.-sourced LNG into China, and we will immediately begin working with LNGL to assist them in unlocking this market."

"The investment from IDG Energy Investment represents a ringing endorsement to the LNG buying community of LNGL's business strategy, the OSMR(R) liquefaction technology, and the Magnolia LNG and Bear Head LNG projects, respectively." added Paul Cavicchi, Chairman of LNGL. "We believe that the endorsement of LNGL from IDG Energy Investment positively positions our investors to benefit from the increased demand for LNG globally."

Details of the Share Placement

Settlement is scheduled to be completed on or before June 15, 2018 and the placement shares are expected to be issued on that date. Settlement is not conditional on any Australian or foreign government approvals. The placement shares will rank equally with existing ordinary shares on issue but will be subject to voluntary escrow for 180 days after closing. The placement shares will be issued to Mulliner Investment Limited, a wholly owned subsidiary of IDG Energy Investment.

Subject to the provision of a waiver by the ASX under Listing Rules 6.18, the subscription agreement requires that LNGL shall provide IDG Energy Investment with top-up (anti-dilution) rights such that if LNGL issues further ordinary shares or securities convertible into, or exchangeable for, ordinary shares, IDG Energy Investment will be entitled to maintain its pro rata shareholding. The top-up rights may be exercised in full or in part, subject to certain exceptions. LNGL will use its reasonable efforts to obtain a Listing Rule 6.18 waiver from the ASX.

IDG Energy Investment has no current intention of increasing its proportionate shareholding in LNGL above 9.9%.

The binding subscription agreement contains a number of additional terms that are considered customary and usual for subscriptions of this nature.

CIBC Capital Markets is acting as Financial Advisor to LNGL.

Investor Call

Liquefied Natural Gas Limited will host a conference call for shareholders and analysts with Greg Vesey, Managing Director and CEO of LNGL, and Michael Mott, Chief Financial Officer of LNGL, to discuss this announcement. The conference call will start at 9:00 A.M. (AEST - Sydney Time) on June 5, 2018, which is 6:00 P.M. (U.S. - CST) on June 4, 2018, or 7:00 P.M. U.S. - EST. The conference call will be recorded and placed on the Company's website.

Conference call (toll free) numbers are as follows:

Australia: 1800 123 296 or +61 2 8038 5221
China: 4001 203 085
India: 1800 3010 6141
New Zealand: 0800 452 782
United Kingdom: 0808 234 0757
Canada: 1 855 5616 766
Hong Kong: 800 908 865
Japan: 0120 994 669
Singapore: 800 616 2288
United States: 1 855 293 1544

After dialling the conference call number above, please then dial the:
CONFERENCE ID:8786413

ABOUT IDG ENERGY INVESTMENT GROUP LIMITED

IDG Energy Investment is mainly engaged in global energy assets investment and management. It is currently focusing on the substantial investment opportunities arising from China's increasing demand for imported natural gas and the emerging North American LNG exporting market due to abundant low-cost shale gas supply. By investing in China's first non-state-owned LNG receiving terminal and one of the largest Canadian LNG export terminals under development, it has been making strategic investments along the LNG business value chain. Other energy assets invested by IDG Energy Investment include an upstream crude oil block in China, and a world class shale block in Eagle Ford of the United States.

IDG Energy Investment is affiliated with IDG Capital, a global leading private equity investment firm with its assets under management approximately US$20 billion. IDG Energy Investment's second largest shareholder, Foxconn, is the world's largest electronic products manufacturer and a Global Fortune 500 company ranking 27th in 2017.

With strong support from its shareholders, mature investment strategies, sophisticated cross-border transaction capabilities and in-depth knowledge on global energy market, IDG Energy Investment is best positioned to grasp the industry momentum brought by China's energy structural reform and the dynamic changes of the global natural gas market, and is committed to becoming the best cross-border energy asset investment manager of the region.

For further information, please refer to IDG Energy Investment's website:
http://www.irasia.com/listco/hk/idgenergy/

ABOUT IDG CAPITAL

Founded in Boston in 1992, IDG Capital is a leading investment firm focused on developing companies through expertise in private equity, venture capital, and mergers & acquisitions. Since its inception, IDG Capital has expanded into fifteen cities around the world, including New York, Boston, London, Beijing, Shanghai, Hong Kong, Seoul, and Hanoi. Accumulated assets under management have grown from US$10 million in 1992 to approximately US$20 billion today.

IDG Capital focuses investment in four strategic sectors: Technology, Media and Telecommunications; Consumer and Entertainment; Healthcare; and Advanced Manufacturing/Clean-Tech and Energy. Within these sectors, IDG Capital will invest in companies at all stages of development: start-up, growth, maturity, pre-IPO and post-IPO. The size of investment ranges from one million to several hundred million U.S. dollars. To date, IDG Capital has invested in more than 700 companies and has made over 150 successful exits across the globe through IPOs and M&A.

For further information, please refer to IDG Capital's website:
http://en.idgcapital.com

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

Hastings Technology Metals Ltd (ASX:HAS) Change of Auditor

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In compliance with ASX Listing Rule 3.16.3, Hastings Technology Metals Ltd (ASX:HAS) (the "Company") advises that effective today, PricewaterhouseCoopers has been appointed auditors of the Company.

In accordance with section 327C of the Corporations Act 2001, a resolution will be placed at the 2018 Annual General Meeting to ratify the appointment of PricewaterhouseCoopers as the Company's auditor.

The change follows the resignation of the Company's previous auditor, HLB Mann Judd, in accordance with Section 329(5) of the Corporations Act, effective today.

The Board wishes to thank HLB Mann Judd for the service provided over many years.

Charles Lew
Executive Chairman
T: +65-9790-9008

Guy Robertson
Finance Director
T: +61-9078-7674

iSignthis Ltd (ASX:ISX) Interim Update

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Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX:ISX) (FRA:TA8), the global leader in RegTech for identity verification and transactional banking/payments, is pleased to provide the following business update.

PERFORMANCE RIGHTS

The Company has received numerous questions from shareholders and analysts regarding the performance rights and revenues. The Company will not make commentary on this matter prior to the milestone date, noting that the milestone date set under the prospectus in 2014 is the end of June 2018. The performance milestone outcome will be reported post audit. However, unaudited revenue will be reported with the 30 June 2018 Appendix 4C quarterly update, due no later than 31st July 2018. This will provide preliminary guidance as to revenues and likely outcome of performance share issue.

MERCHANT UPDATE

As reported on the 26th April with the 31st March 2018 Appendix 4C quarterly update, the ISXPay contracted book value continues to grow, with contracted value now in excess of AUD$550m GPTV per annum. The GPTV processed by the Company did not experience the growth expected by the Company, due to a number of unforeseeable technical issues, as previously reported.

The Company is pleased to announce that it has resolved the upstream technical issues reported with the 31st March 2018 Appendix 4C. The resolution has entailed the addition of parallel supply networks to reach core banking and card services, thus ensuring that the Company is not dependent on any one network to process traffic. Whilst network crashes, such as what occurred on the entire core Visa UK & EU network last week(see Note below) are unavoidable, the ability to minimise outages in our supply networks to reach the card and banking core networks is critical.

The resolution of the supply side network technical issue, which previously limited our coverage and servicing of some of our contracted merchants, will very shortly no longer affect the processing of payments to (foreseeably) any of our contracted merchants in the EEA area. Several merchants will be enabled or switched to the parallel network from end of this week, albeit at a higher cost base in the short term. The resolution of the technical issue, which also previously prevented the Company from processing the volumes of some of its contracted merchants at maximum throughput capacity, will shortly also allow the Company to crystallise the full potential gross profit from each contracted merchant.

The Company notes that use of these parallel supply network means that it is still diverting some of its traffic in the short term to these higher cost suppliers, until its own lower cost Tier 1 network to Visa, Mastercard and JCB is completed fully, which is expected to take a further 12 weeks. The completed Tier 1 connection is necessary to ensure that the Company controls its own supply chain, and can scale services elastically based on demand, whilst managing costs.

The ability for the Company to divert traffic to other suppliers, even once it has its own Tier 1 connections, is an essential design feature of the resilient ISX network. This ensures that the Company can offer our merchants maximum processing uptime to our merchants in the event of upstream supply issues on the ISX core network.

The above resolves the separate coverage and throughput issues, with merchant processing in both Australia and the European union now possible at volume for the foreseeable contracted volumes.

Note:
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iSignthis Ltd
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Myob Group Ltd (ASX:MYO) Investing for the Future - Conference Call Transcript

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Myob Group Ltd (ASX:MYO) provides the Company's latest conference call transcript.

Start of Transcript

Operator: Ladies and gentlemen, thank you for standing by and welcome to the MYOB Analyst and Investor Conference Call. At this time, all participants are in a listen only mode. There will be a presentation followed by a question and answer session at which time if you wish to ask a question, you need to press star one on your telephone. I must advise you that this conference is being recorded today, Thursday 31 May, 2018. I would now like to hand the conference over to your first speaker today, Mr Tim Reed, Chief Executive Officer for MYOB. Thank you, please go ahead.

Tim Reed: Thank you Operator and good morning everyone. We appreciate you joining us on relatively short notice this morning. I'm here in Sydney with Christina and Richard is also joining us from Melbourne. There are three important things that we'd like to share with you today, but more importantly we'd like to share with you our thoughts and logic behind these updates.

- The first is that we have determined not to proceed with the acquisition of the Reckon Accountants Group and;

- Second, we will continue with the accelerated investment in our business that we announced at our Strategy Day last year when we announced the acquisition.

- The third is that on the basis that we won't be deploying the $180 million of capital towards the acquisition, we intend to accelerate the speed of our share buyback that we previously announced. Of course, that's subject to share price levels.

What I really wanted to do is focus on the first two of those - these are two sides of the same coin but there are four factors that have played into both those decisions. So let me summarise those and then run through for you the details of the implications from there.

- The first factor is that we have been receiving really strong feedback in the market in terms of our vision for the Connected Practice and particularly in terms of the referrals that are coming through from accountants and bookkeepers which we collectively refer to as Advisers. We're delighted with that and as we go through the pack we will talk more about that. In our market research for the first time the vision of the Connected Practice and the tools that we're delivering as a part of that has now registered and is actually in the top three reasons that advisers are recommending our SME products to their clients.

- The second is that through the process we did acquire new information on our competitors. Through this process, Xero have told the ACCC (and which has been reported in The Financial Review) that they do not have what they would consider competitive tools for medium and large accounting practices and that as a part of that process they also shared that it's not their intention to build those tools. As part of this also Reckon shared with the regulator, and with the market at large, that they do not see a way for them to be able to build out their APS practice management suite as an online solution. And - those two factors certainly play into taking the organic path towards growth a more attractive one for us.

- Thirdly, the regulatory process has been longer and frankly more challenging than what we were advised to expect up front and therefore what we expected. It could have continued for quite some time and we've been in regular communication with the regulators both in Australia and New Zealand and our confidence through those communications was not increasing and obviously there's a direct cost and an indirect cost in terms of time and distraction from continuing that process.

- Finally, as that process continues and particularly with the announcements that Reckon made, there is the potential for that to have an impact on the trading results in that part of their business and that is a risk factor that we had to take into account when thinking about the value of the asset that we may ultimately have been able to acquire.

So those four factors together helped us make the decision that, given the six months was up and the conditions precedent had not been met, we were therefore within our rights to terminate the acquisition, and that it was the right course of action to take for us to continue the accelerated path of organic acquisition in this market.

Seeing the strong results that are coming through but also understanding the opportunity that is open to us having better insight into the competitor's strategy is what I want to spend the rest of today talking about, which is the business case to invest, because we believe it is a compelling one, and this is listed in summary on slide 5 and then in detail on the subsequent slides of this presentation that we uploaded to the ASX an hour ago.

Of the four points that go into, the first is simply our track record. We have been investing over the last three years and we've achieved strong outcomes. Those outcomes are from a competitive market share perspective and also from the free cashflow and the profit that we've been able to derive from the investment. It's not just those in period results that have improved, the second big factor here is the quality of our business has also improved. By that I mean, the drivers of lifetime value in that installed base that we have continue to increase and I'll talk to that in some detail in a couple of moments.

Very importantly, the decisions that we have made are not that advisers are less important to our business, in fact advisers remain central to our strategy. We believe there is a balance between pursuing the organic versus the inorganic path to winning those adviser relationships, and the case for converting them into referring accountants of our SME products is more compelling now, and it's everything that I just outlined that we learnt over the last six months that has led us invest.

Finally, the time is absolutely now to invest. We know the market is there, and available. We think that it's going to double in its size in the years ahead and now is the time for us to be making sure that we make the investment such that we can deliver to you the maximum potential that we can within that market growth.

So just turning to slide 6, on the left shows the chart shows the net increase in online subscribers for each of the four market participants as best as we can derive from publicly available information. What you can see is that over the last three years, we have continued to improve our position and we've made material gains in terms of market share. As we shared at the Macquarie Bank conference a few weeks ago through until the end of March, so Q1 this year, we've continued to see that purple line increase. Now June is a very important month for us in terms of our first half results but as we've guided, we expect to see continued increase in our net online subscriber growth in 2018 and certainly the results that we shared at the Macquarie Bank conference say that through the first quarter we have seen that coming through.

We haven't just improved market share, we've been able to do that while also driving free cashflow through the business and returning a good proportion of that to you as shareholders. We've trebled our online subscriber additions, made significant improvements in market share, generated operating free cashflow of $400 million and returned approximately half of that to you. We think that's a great formula and it's one that we want to invest to continue to drive those trends even further so that we get more improvements in the future.

As I said, it's not just the in-period results that we're pleased with though. The underlying quality of our business has improved and if you turn to slide 7, the reason that I'm confident in making that statement is these three charts. We've grown our paying subscribers 13% over the last couple of years. Our churn has fallen by 12% over the last couple of years and ARPU is up by 12%. All three of those factors that really drive the quality of our revenue and the quality therefore of our business have been moving in the right direction. If you add those together then the outcome is that the lifetime value of our subscriber base has increased by almost 40% since 2015. That's something that we're proud of and it's something that we want to ensure that we can continue to deliver and the investments that we're proposing will certainly allow us to be confident that that is what lies ahead.

Moving onto slide 8, advisers are absolutely central to our strategy. The importance of accountants and bookkeepers in our category can't be understated. We do intend to continue to lift our presence in this space. It is simply that we are going to do that through our organic investment rather than the acquisition of the Reckon Accountants Group. You can see in the chart that in terms of our gross sales - the gross sales of our SME products, advisers have made up an increasing proportion of those so when it says referrals that's referrals from accountants, bookkeepers, certified consultants. So 56% last year and that has continued as we said at the Macquarie Conference through the early parts of this year.

What's more exciting to me is the reason why this is happening. What we have increasingly heard is that as we've been releasing the online modules to the MYOB platform, the practice tools or the advisor tools that they use to run their business (and by this I'm talking about MYOB Ledger, MYOB Portal, the dashboard, our first releases of tax returns, the FBT and GST releases, My Advisor which has now gone to being generally available in the market). They have been incredibly well received and so not only is the Connected Practice vision being something that they are starting to respond to us about, but their belief in our delivery of the MYOB platform to enable them to become a connected practice is also increasing. That we have seen as I said now one of the prime reasons that they tell us that they are recommending our SME products with increased vigour and in increased numbers.

Just moving onto slide 9, so the case to invest is compelling but why now? Well we look at where the market penetration of accounting, of online accounting software is relative to desktop and relative to what we think the opportunity is. The time to invest is absolutely now. Somewhere in the years ahead and who knows if it's five, six, seven, eight but the total available market in this category is going to continue to grow. We think it will double in that time period, as category penetration doubles, and the time to invest is therefore absolutely today to make sure that, as the market penetration continues to lift, that we capture the maximum possible market share that we can.

So that's why we're investing. We believe it's a compelling case and we believe it will derive increased and improved returns to shareholders. Just diving into the detail a little bit as to exactly what that investment is and this is as we presented at our strategy day last November. It comes in two parts, the first is an acceleration in our investment in the MYOB platform, which is our product development spend that is building out the tools that are needed to make the connective practice vision a reality. The second is an increased investment in both sales so this is our adviser sales team, the people who are out there in the field and on the phones talking to accountants and bookkeepers every day and driving those referrals; together with our marketing spend and particularly our digital marketing spend.

So the next two slides just talk to those two components separately. On slide 12 the circle there describes all of the elements of the MYOB platform and you can see that the number of those that we have in market continues to grow. We're now at seven of those 12 components that are released to the market. All of them are continuing to receive additional investment as we get market feedback and we build out the depth and fit of those tools to the broad set of advisers that we have. We're excited that in terms of client accounting by the end of this half, we won't just have Practice Ledger in the market, but we'll also have Assets in the market, and we are investing the in the two remaining components being Workpapers and Statutory Reporter.

Tax, as I said, we've got two forms in the market, we're getting great feedback on the company returns which is currently under development. Previously we've communicated corporate compliance as being on the road map. We have kicked off and are actively now engaged in building our corporate compliance which will complete the compliance suite for us. The two elements that remain practice management and document management we have teams who are starting to explore the different approaches that we could take but we have not yet actively started engaging in the development of those online modules.

We are committed to building this platform and we've said that to you a number of times. We're committed to being in the market with a suite of tools that work for the broad range of small businesses from that that is a part-time home office worker right through to the top end of our MYOB AccountRight clients who in some cases are 20 - 50 employee businesses really pushing through into that medium sized business. We're also committed to making sure that we have all of the online tools available to both small, medium and large accounting practices. Rather than spread that investment out over a longer period of time, what we have determined to do is to accelerate the investment in the in next three years and you can see that on the right-hand side of the chart where you can see our investment over the last three years in the solid bars and then those little 'I' indicators are our planned investment path going forward. So it will step up this year and then step up next year.

That means that total R&D as a percentage of revenue will peak somewhere just shy of 20%. We will hold the dollar spend at that point and it will then glide back towards 16%. That investment will enable us to make sure that we've got the right number of crews within our Future Makers teams are directing all components of the platform. That's really what we need to get to where all of that circle is actively under development such that we can then drive to the delivery date of those tools to all of our clients and our partners as soon as possible. That's what this investment profile will allow us to do.

Moving onto to slide 13, the investment in sales and marketing. When building a subscription business, you have to pay for the cost of acquisition in Year 1 and you never get a full year of revenue until Year 2 and that does mean that if you accelerate investment, that margins take a dip in the short term before being able to return because of the value of those subscriptions. Looking at it from an NPV perspective however, makes it a very clear investment decision that if we can maintain the productivity rates of our sales team and our online acquisition (and we look at those by looking at the number of referrals per salesperson and the cost of acquisitions for our digital marketing teams). If we can maintain the current levels of productivity on those two metrics, then increasing the investment is an absolute "no brainer" on any terms.

Despite the fact that it leads to an increase in OpEx in the short term and therefore an impact on margins, when you stand back and look at the lifetime value of those subscribers and of the revenue that is being brought in, it's just literally a "no brainer" decision. So what we've proposed here, as you can see, is increasing our sales heads with a plan to ensure that the sales productivity remains within those I markets, so those purple lines in the middle of the chart there. Similarly, in terms of our marketing spend around the capped months that we will be willing to pay in terms of our direct SME sales.

So that's the plan. I'll hand over to Richard now to talk through what that means in terms of what you could expect for financial returns when you sum that altogether and how you should think of guidance over the years ahead.

Richard Moore: Thanks Tim. So as Tim said we are investing and we're investing for growth, so we believed it was important to show you the confidence that we have in our strategy and put some targets out for the medium term for us to achieve at the end of this investment period. We've already discussed a target of 1 million online subscribers by 2020, and we're adding a few onto that.

The first is we do expect throughout the period our organic revenue growth to be maintained in the high single digits, but we are an acquisitive company and it is very likely over the period that we will continue to grow through acquisition as well. So, we are expecting to see total revenue growth throughout this period in the double digits.

We are committing to coming back to 45% EBITDA margins at the end of the investment period, so by 2022. Part of doing that is by, as Tim said earlier, as revenue grows and we maintain a stable level of R&D investment, the percentage of revenue comes back to under 16% by 2022 as well.

The key measure that we are aiming for is the last one, this is a free cash flow more than $200 million in 2022. There's a chart on the right that shows what we expect to happen to free cash flow. Just in terms of what that means, it's our statutory EBITDA less all of our CapEx and less working capital needs. We are expecting that to come back through the two investment years, 2018 and 2019 in particular, but then those investments to pay dividends and by 2022 the business shluld be generating over $200 million of free cash. That's what we've set ourselves as targets and we'll be continuing to monitor progress against those.

On slide 15, we've just reclarified our guidance. For the current year, we are not changing our organic revenue growth guidance; we are still expecting it to be in the 8% to 10% range. We shown a high single digit growth across each of the periods but we're not changing the 2018 guidance. For 2018, we expect R&D, as Tim said earlier, to stay under 20%. We are updating our underlying EBITDA margin to 42% - 44%, based on the increased investment, and we do expect free cash flow to stay above $100 million.

We're then setting some ground rules for the investment period (2019 - 2020). We are expecting our R&D to stay under 20%, expecting our underlying EBITDA margin to stay over 40%, and free cash flow to stay over $100m. So, we are being disciplined in how we make this investment.

Then just reiterating the 2022 targets, EBITDA margins over 45% and free cash flow over $200m. We do want to be very clear that we are confident that this short-term investment over a period of two to three years will absolutely give us very strong returns in the medium term. We are a subscription business, we know that if we invest now; it means small dip but a great opportunity in the future to make very strong returns, and that's what we're committing to through these medium-term targets and hopefully the short-term guidance is pretty clear.

Tim Reed: Thanks, Richard. With that, operator, we might open to questions.

Operator: Thank you. Ladies and gentlemen, if you wish to ask a question today, please press star followed by one on your telephone keypad and wait for your name to be announced. If you wish to cancel your request, please press the pound or hash key.

Your first question today comes from the line of Tom Beadle from UBS. Please ask your question.

Tom Beadle: (UBS, Analyst) Hi, guys. Thanks for the question. I've just got three, if that's okay.

o Just firstly, on the acceleration of R&D, could you maybe just talk about some specific capabilities that you're investing in?

o Just following on from this, I know you've spoken about some medium-term growth - revenue growth numbers and some EBITDA margin numbers, but in absolute dollar terms, how should we think about this? For example, does this open up new markets and what's the TAM there? Are there cross-selling opportunities with new products? So, how do you get there?

o Just while we're on R&D as well, how should we think about the CapEx and OpEx split with your new guidance?

o Then finally, now that the Reckon acquisition isn't going through, are you committed to further M&A?

o Also, with the step-up in both CapEx and OpEx in the short term, what's the logic behind accelerating the buyback? Thanks.

Tim Reed: Okay. I think that was five, if I counted them, Tom, and I've forgotten what the first one was.

Tom Beadle: (UBS, Analyst) Sorry. Just the acceleration of R&D. Can you talk about the specific capabilities maybe?

Tim Reed: Yes, sure. Look, the way our teams work in an agile process where we have crews that take on specific deliverables to customers, and they're part of tribes that own a component of functionality, if you like. For example, a payroll module or a tax engine or something like that, and they form nations. The capabilities that we have within the R&D team are cross-functional at the crew level and so we'll be investing in all capabilities there, whether it be in the software developers, whether it be in the product managers, whether it be in the user interface designers. When you say capability, I assume that's what your meaning, how do we get the skills to build out the products?

Tom Beadle: (UBS, Analyst) Yes. That's right, yes.

Tim Reed: Yes. It's across the board there, so we'll simply be scaling that up such that we've got more crews feeding into more tribes, and so for example, we can create a tribe around the practice management and document management, et cetera.

The second question was, Christina?

Christina Nallaiah: Medium growth targets and absolute term value of this, and looking at new markets to get to those targets, for example.

Tim Reed: Yes. The medium growth targets that we put out on slide 15 there are all around the current footprint of operations that we have, so focusing on the markets that we're in, focusing here on the SME and practice solutions and on the payments space that we've talked about previously as well as our enterprise business. These are Company-wide metrics for, if you like, the scope of ambition that we have previously discussed. There is no doubt that the tools that we're building, we're building them in a way that they could be applicable to new geographies, but in setting these growth targets we haven't taken into account any expansion in specific geographies, or any expansion in say going after tier 1 businesses rather than focusing enterprise on tier 2 or tier 3.

Tim Reed: Richard, do you want to take the CapEx/OpEx question?

Richard Moore: Yes, will do. Obviously, the vast majority of this expenditure is on the MYOB platform adding new functionality that's not yet in market. So our expectation is that the majority of the $50 million will be capitalised over the next three years. Effectively, compared to what we announced in November, we expected it to be treated as our integration fund spend so instead of that it's capitalised. That's why we're focusing on free cash in the longer term, because we want to have the OpEx/CapEx nature of the spend somewhat irrelevant for the targets that we are setting as a business; we want free cash flow to be over $200 million, it doesn't matter how we account for the R&D spend over the period in order to achieve that number. It will be capitalised but it's free cash that we're focusing on.

Christina Nallaiah: Tom, could you clarify the last two, the one about Reckon and the buyback?

Tom Beadle: (UBS, Analyst) Yes. It was just more around capital management. Now that you're not doing it, are you committed to further M&A or what's the - and also following on from that, what's the logic behind accelerating the buyback?

Tim Reed: Yes, absolutely. We are certainly committed to M&A and we'll continue to do so. That's what Richard was trying to suggest in our ambition remaining for double-digit total revenue growth. The logic remains as it was when we announced the buyback. Frankly, we think that it's a good investment. We believe in the quality of our business, we believe in the growth plans that we've put in place and we think that continuing the buyback is a very good use of shareholders' money.

Tom Beadle: (UBS, Analyst) Okay, great. Thanks. I'm sorry for slipping in a few extra questions.

Tim Reed: No problem. Operator, another question?

Operator: Your next question today comes from the line of Entcho Raykovski from Deutsche Bank. Please ask your question.

Entcho Raykovski: (Deutsche Bank, Analyst) Hi guys. I've got a couple also related to the R&D spend, no surprise.

- Firstly, obviously when you announced the Reckon transaction, you had an integration fund in place which was that $50 million. How much of that $50 million was going to be directed towards integrating Accountants Group and obviously, that's now been redirected towards developing the existing products? That's the first question.

- Then secondly, and this is just for clarification, I presume the majority if not all of that $50 million will be directed towards hiring programmers, tech staff. Just interested in how many people you think you need and can they be sourced? Because I know you've spoken before about some difficulties in getting the appropriate talent on board.

Tim Reed: Yes. I'm happy to take those, Entcho. Look, it was around $40 million of that $50 million had been previously put aside for investment in the platform and about $10 million was around the integration. Through the integration, we were planning to redirect some of the Reckon team onto the practice management buildout, or that had been a hypothesis that we had going in. So, without having that we've said it will be $50 million so that we can cover the costs of the practice management module buildout as well. That's the first one.

Then the second was around hiring and our ability to scale up. On slide 12, we put those I's if you like, for want of another word, those purple lines with an upper and lower marker. We have been and are confident that we will be able to hit that 2018 range and that trajectory puts us on track to hit the 2019 number as well.

Look, hiring developers and high-quality developers is tough - it's a tight labour market, there's no doubt about that, but we are running at a pace at the moment of bringing people on that make us confident we can hit those. I believe over the past couple of years our employer brand has continued to grow and improve, and so while I wouldn't say that it's easy to source these people, I would certainly say that it is less challenging for us now to find high-calibre people than it was two, three, four, five years ago.

Entcho Raykovski: (Deutsche Bank, Analyst) Great. Are you able to tell us how many additional people you need or do you not know at this stage?

Tim Reed: Richard, do you know that 2019 spend level off the top off your head, exactly what that is in headcount?

Richard Moore: I don't, but we've probably added something like 100 to 150 developers over the last 18 months and my expectation is that there'll be probably another 100 through the rest of this year and then we reach that point at the end of this year. The reason that those ranges are pretty stable is at that point we would be pushing ahead with that number. It will be roughly 100.

Entcho Raykovski: (Deutsche Bank, Analyst) Got it. Okay, thanks.

Operator: Your next question today...

Tim Reed: Operator, are there any other questions?

Operator: Yes. Your next question today comes from the line of Roger Samuel from CLSA. Please ask your question.

Roger Samuel: (CLSA, Analyst) Hi, good morning. I've got three questions as well.

- Firstly, just to understand the profile of that extra $50 million in R&D and also $30 million in sales and marketing costs, how are they going to be spread over the next two years? Is it fair to say that it's mainly - or it's more heavily weighted towards FY19?

- The second question I have is on slide 13 you've got a chart there for CAC months which seems pretty high versus your competitor. I'm just wondering if you are trying to bring it down over time?

- The third question I have is just on your target of one million online subscribers. Can you remind us again what's the split between the SME product and the online practice ledgers because from what I understand, you don't really monetise the online practice ledgers? Thank you.

Tim Reed: Richard, do you want to take the spend profile questions?

Richard Moore: Yes, will do. Obviously, we are ramping up the spend through the second half of this year and into next, so my expectation on the sales spend, for example, you can see the headcount in the chart on the right-hand side of 13 grows from just over 300 to just over 400. A lot of the increases will be through the second half of 2018, but in 2019 you'll get a full year of that cost. My expectation is 2019 will take 50% of the increase and the rest will be second half 2018, first half 2020. The expectation would be that the incremental investment would be over the next two years or two years and maybe a quarter.

In terms of the CAC months we are running currently, as you can see, at about 10 months. For a business that increased the lifetime value of the base by 40% over the last two years, increasing CAC months from nine to 10 seems like a pretty good investment. As Tim said when he went through the slide, we don't expect it to go over 12 months at any point through this process. Certainly, when you invest now to generate subscribers and revenue in the future, the expectation would be within those I-bars that it goes up and then over time starts to come back down, which is why it's quite a wide bar, because we didn't want to say specifically what we expected but it would make sense in a business like ours for it to go up first and then come back down.

Tim Reed: Roger, just one thing I'd add in there. I think you've got to be quite careful when comparing this to competitors as to whether they include practice ledgers in the numerator for those. How many adds you have will change the cost per add, and for us this is SME.

Richard Moore: Yes. This is based off the gross additions in our SME paying user base. It would not be exactly consistent with what is reported by competitors, because as Tim said, they would include practice ledgers in that calculation.

Tim Reed: Then, Richard, the split, which we break out in our results of practice ledgers versus SME in our online ledgers.

Richard Moore: That's right. We haven't specifically said the split between SME and practice in 2020; obviously, it's 2.5 years away. It's currently 75% SME, 25% practice. It's fair to say that based on growth rates we would expect practice ledgers to become a greater proportion of the base than the 25%, that's just logic, and based on sales at the moment that's what I would expect, but we haven't specifically gone out there with a mix.

On your last point about monetising, we absolutely monetise those practice ledgers and we do that through the subscriptions that the accountants pay for their Accountant's Office and Accountants Enterprise subscriptions. They're not billed on a per-ledger basis but none of our practice tools are. They're all billed on a per-seat basis. They're just monetised differently, but they're absolutely monetised.

Roger Samuel: (CLSA, Analyst) Okay. That's great, thank you.

Operator: Your next question today comes from the line of Wei-Weng Chen from JP Morgan. Please ask your question.

Wei-Weng Chen: (JP Morgan, Analyst) Hi guys, thanks for taking the question.

- First question was on the actual - the break. Are there any break fees associated with termination today?

- Also, I just had a question on - the rationale that you gave for abandoning the acquisition was that the parties couldn't agree to mutually acceptable terms, talking about potential impact on Reckon's trading. Are you able to say whether that implies that you were looking for a lower price?

- Then just the last question on the accelerated buyback. I just wanted to check that that was an accelerated buyback rather than increase in the buyback? Thanks.

Tim Reed: Let me take those. On the last one, you're correct, it's an acceleration of what we've previously announced, we're not announcing an additional buyback.

In terms of the break fee, the answer is no, there is no break fee to be paid. Look, I'm obviously under confidentiality arrangements, which I will not cross because that would be a really bad thing for me to do but let me paint a bit of context here. When the acquisition was made, as with most there were a set of conditions precedents that have to be closed in a timeframe for that and the timeframe was six months.

If you think about it, anything that changes in the market during that six-month period, the acquirer runs the risk if it's negative and gets the upside if it's positive. Once we hit that six months then, as in most standard purchase agreements, both parties can stand back and either party has the right to terminate if their perspective on the value that they will be deriving for their shareholders has changed from that period. I think in the Reckon announcement they made it quite clear that we were the ones who prompted this move. So, you can read into that what you might, but from the confidentiality agreement that we've signed, I'm relatively limited in what I can share in terms of specific details.

Wei-Weng Chen: (JP Morgan, Analyst) If I could sneak in one more. Just on the guidance, you've given your near-term and your medium-term guidance for R&D and EBITDA margins. Just wanted to check whether - the numbers that you gave, whether they were your view looking forward what these numbers will look like, or are they the bounds within which you'll manage to, so you won't let EBITDA margins fall below 40%, for example?

Richard Moore: As we've modelled the investment over the next five years, these are what we are expecting the guardrails to be, maintaining EBITDA margins above 40% and maintaining our spend below 20% in terms of R&D. The model that we've built absolutely allows that to be achieved. So, yes, we wanted to show discipline in terms of this investment. It's not just continue spending at all costs, it's targeted specific investment because we believe in the outcome.

Tim Reed: Let me also be clear. The decision process that we went through is what do we think is the right level of investment for the business. We're confident that each of the investments that we're making is NPV positive and will offer a very good return to shareholders. What we looked at was the market that we exist in, the competitive environment that's there, the opportunity that's in front of us, the best way that we can play the game to reach the optimal outcome, and then stood back and said all right, well, how rapidly can we source great people to bring in to fill out these extra crews and tribes.

What is the level that we can add salespeople believing that we can maintain their productivity, et cetera? It was quite a bottom-up process from that perspective. Then around having formed what we think is the plan that is in shareholders' best interests and the ones that will create the most valued Company that we possibly can, we think that it's fair that we share with you some guidelines, guardrails, whatever you want to call them, such that you have a good sense of our plans for the business.

It was very much around playing to win and what did that plan look like and then making sure that, to Richard's point, we instil discipline in ourselves as a management team in the way that we execute, but also that we're communicating clearly what our intent is.

Wei-Weng Chen: (JP Morgan, Analyst) Thank you very much, guys.

Tim Reed: Great. Well look, we're coming up on the hour and as I understand it, there's no more questions. Let me just wrap up by thanking you all for taking the time today, thanking you all for your ongoing support and confidence in our business.

As I said upfront, we are looking to the future with confidence in terms of our ability to execute on a plan, which is very much pursuing the strategy that we outlined in our strategy day. The change has been that it is now an organic strategy that we're pursuing as opposed to an inorganic one, but the rationale behind this is absolutely unchanged. We believe that we're building a very high-quality business. We believe in the vision of the Connected Practice and we're excited about delivering that to our clients and partners and excited about the returns that it will drive for shareholders.

So, thanks everyone, and we look forward to catching up if anyone's got any other questions over the next couple of days.

Operator: Ladies and gentlemen, that does conclude our conference for today. We thank you all for your participation. You may now disconnect.

End of Transcript

Myob Group Ltd
T: +61-2-9089-9122
WWW: www.myob.com.au

Carnarvon Petroleum Limited (ASX:CVN) Share Purchase Plan Completion

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Carnarvon Petroleum Limited ("Carnarvon" or "the Company") (ASX:CVN) (OTCMKTS:CVONF) is pleased to advise it has successfully completed a Share Purchase Plan ("SPP") to raise $4 million as part of the Company's $20 million capital raising announced on 11 May 2018.

Strong support from shareholders resulted in the SPP being oversubscribed with applications in excess of $4 million. A scale back of shareholders applications will be made on a pro-rata basis. Excess funds will be returned to applicants as outlined in the SPP offer documentation.

All shares issued under the SPP rank equally with existing Carnarvon shares.

As previously outlined, the remaining key dates for the SPP are as follows:
 
---------------------------------------------------------------------- 
Event                                   Date 
---------------------------------------------------------------------- 
Allotment Date                          Wednesday, 6 June 2018 
---------------------------------------------------------------------- 
Dispatch of holding statements / 
confirmation advices                    Friday, 8 June 2018 
---------------------------------------------------------------------- 

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

Media inquiries:
Luke Derbyshire
Managing Director
Spoke Corporate
Phone: +61-488-664-246
Email: luke@spokecorporate.com

Thomson Resources Ltd (ASX:TMZ) Company Update

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Thomson Resources Limited ("Thomson"), (ASX:TMZ) is releasing a revised version of its Company Update of 25 May 2018 following confirmation that the Bygoo farm-in rights have effectively transferred from International Battery Metals to BeiSur Ost Barat Agency Ltd ("BeiSur"), a private Canadian investor group. BeiSur continue to make their payments under a revised option agreement with Thomson. That agreement requires Beisur to pay Thomson A$3 million for a 51% interest in the Bygoo Joint Venture, with A$1.5 million of that having been paid to date. The option to acquire a further 25% for A$22m remains active.

To view the presentation, please visit:
http://abnnewswire.net/lnk/F79W6B59

Eoin Rothery
Chief Executive Officer
Thomson Resources Ltd
T: +61-2-9906-6225
E: eoin@thomsonresources.com.au
WWW: www.thomsonresources.com.au

iSignthis Ltd (ASX:ISX) EMA Launch and First Contracts

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Australian Securities and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX:ISX) (FRA:TA8), the global leader in RegTech for identity verification and transactional banking/payments, is pleased to provide the following business update.

E Money Accounts (EMA)

The Company is pleased to announce that it has launched a tailored business to business Euro (EUR) based transactional banking service, aimed at providing a service to its AML regulated merchant base and affiliate networks.

EMA represents a new revenue stream, which is independent of our payment processing services, but which may supplement payment services by Clients.

The EMA allows merchants to retain funds on deposit with iSignthis, and utilise those funds to make payments to 'suppliers' including affiliates, sub affiliates, marketing companies, advertising providers, utilities, service providers, personnel and government agencies.

'Suppliers' are AML screened by iSignthis, and a number of payout options are available including SWIFT, SEPA, and Original Credit Transaction to a Visa card.

The EMA has been designed to fill a niche requirement for Clients in the AML regulated sector businesses, in particular the small to mid-scale CFD, FX and Gaming industry, where retail banking facilities do not provide reasonable operating solutions.

Business Model

The business model is based upon iSignthis charging a percentage fee on all inflow of monies, and a fixed fee for outflow via SEPA and SWIFT. OCT is charged as a combination of fixed and percentage fee for payments outbound.

The Company's 'active' transactional banking solutions now include;

- processing of cards inbound for Visa and Mastercard

- processing of BPAY & EFT (direct debit) payments inbound

- a number of Alternative Payment methods such as PoliPayments, Trustly and Sofort.

- outbound OCT payments across the Visa network for MCC6211 (Brokers) and Visa & Mastercard for MCC7995 (Gaming/Wagering/Gambling)

- EMA deposit facilities with SWIFT, SEPA and OCT outbound facilities.

Client

The Company has already contracted two clients to the new facility, with a number of additional merchants under negotiation.

Clients are contracted in the range of 100bps to 450bps against fund inflows, dependent upon which other ISXPay(R) services are also contracted by the Client as a merchant, and overall deposit volumes.

EMA funds inflow is expected to be in the order of EUR2-5m/ month against current contracts.

To view Glossary, please visit:
http://abnnewswire.net/lnk/QD2K35K4

iSignthis Ltd
T: +61-3-8640-0990
F: +61-3-8640-0953
E: investors@isignthis.com
WWW: www.isignthis.com

Rumble Resources Ltd (ASX:RTR) Multiple New First Order Drill Targets Defined at Braeside High Grade Base Metal Project

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Rumble Resources Ltd (ASX:RTR) ("Rumble" or "the Company") is pleased to announce that the completion of the first stage of pXRF soil sampling within E45/2032 and regional soil sampling in E45/4873. The exploration has highlighted a multitude of first order Zn and Pb targets associated with large northwest to north trending alteration zones inferred to be feeder structures to a porphyry related mineralising system and Zn rich disseminated mineralisation in siltstone.

Highlights

- In addition to the new high-grade zinc discovery defined by a single RC drill hole at the Devon Cut Prospect (BRRC019 - Nov 2017 - 5m @ 8.0% Zn, 0.35% Pb from 32m) (see Note below):

o Five (5) new first order targets with the potential for high grade breccia Zn pipes have been outlined by detailed 25m by 25m pXRF in soil (in-situ) sampling along a highly altered sericite - silica - chlorite structure over 2.2 km in strike and up to 30m in width.

o The new targets have been defined by >2000ppm Zn in soil contouring with peak Zn value of 5776 ppm and Pb value of 6010 ppm. The largest zone (550m strike) contains three (3) potential high-grade Zn breccia pipes.

o The new targets have a similar or higher order Zn response and size to the high-grade Zn discovery RC drill hole (BRRC019)(see Note below) geochemical parameters.

- Fifteen (15) zones have now been delineated with twenty-three (23) first order targets within E45/2032. At least two styles of base metal anomalism (representing targets) have been recognised.

- Zn and Pb mineralisation associated with multiple highly altered (up 100m in width) silica - sericite - chlorite fracture/feeder zones over significant strike lengths. Zones additional to Devon Cut include:

o Mt Brockman 2 South - 800m strike with very high grade Pb in soils including 9844 ppm, 9728 ppm and 9295 ppm Zn in soils to 2123 ppm.

o Boom Boom Mancini - 1.5 km strike with very high-grade Zn and Pb in soils including 9496 ppm Pb, 7427 ppm Pb and 1363 Zn.

- Widespread disseminated Zn mineralisation in altered siltstones.

o Mt Brockman 2 Central Zn - Strongly pervasive disseminated Zn in altered volcanogenic siltstone over 400m strike returning up to 2459 ppm Zn.

o Baker's Dozen - Open 400m strike disseminated Zn in siltstone with values to 2942 ppm (Zn).

- Rumble's field crew is currently completing detailed grab sampling and prospect mapping to optimise the proposed RC drill-hole program at all twenty-three (23) first order drill targets

Fifteen (15) high-grade Zn and/or Pb anomalous zones with twenty-three (23) first order targets, have been delineated by detailed pXRF soil sampling of the main Zn and/or Pb soil anomalies that were generated during the 2017 field season within E45/2032.

Following the discovery of the Devon Cut high-grade Zn mineralisation with RC drilling November last year, Rumble has been aggressively exploring over the last two months systematically using surface geochemistry to delineate high order targets ready for the upcoming RC drilling programme.

Note: Follow up grab (rock chip) sampling and prospect geological mapping is ongoing with results pending.

Geochemistry Programme

pXRF Soil Sampling - Image 2 (see link below)

Broad-spaced high order base metal in soil anomalism (defined in 2017) has been tested in detail by survey controlled in-situ pXRF soil analysis. A total of 2565 sample locations were tested within E45/2032. The pXRF soil programme involved 50m by 50m grids, 25m by 25m infill grids and multiple single line 25m spaced traverses along strongly altered structures/fractures over many kilometres in strike. The sampling medium was soil only (0 to 1cm depth). Standards and blanks were used for the pXRF analysis.

Regional Soil Sampling - E45/4873 - See Image 3 (see link below)

Wide spaced (400m by 400m) and select 200m by 200m regional soil sampling has been completed within E45/4873. A total of 195 soil samples were collected for multi-element wet analysis.

Exploration Results and Targets (Image 2 for Locations) (see link below)

pXRF Soil Sampling Results and Targets

Sampling has delineated fifteen high order zones with 23 high priority targets. The criteria used to rank targets include >800 ppm Zn and/or Pb in soil, > than 200m of strike with significant alteration.

Devon Cut Prospect (5 additional targets to the Zn discovery) - Image 4 (see link below)

The Devon Cut discovery (RC drilling by Rumble Nov 2017) has highlighted the potential for high-grade Zn breccia pipes within large altered northwest and north trending structures throughout the Braeside Project. A single hole (BRRC019)(see Note below) targeted on high-grade surface rock chip Zn and Pb mineralisation returned 5m @ 8.0% Zn, 0.35% Pb from 32m (inc 1m @ 21% Zn, 0.97% Pb from 34m). The high-grade intercept was within a broad zone of zinc anomalism (30m @ 1.5% Zn from 28m).

Detailed pXRF soil sampling (25m by 25m grid) along the Devon Cut mineralised structure has highlighted a further five (5) high-grade Zn targets with the potential for significant high-grade breccia Zn pipes. Zn in soils returned values to 5776 ppm and Pb to 6010 ppm. The high-grade Zn zones are defined by the >2000 ppm soil contour. Over 18 samples sites returned >2000 ppm Zn.

The largest zone (over 500m in strike) comprises three high-grade core zones with visible Zn carbonate gossan. Strongly anomalous Pb is associated with the Zn in soil anomalism. Cu is also elevated. All three core zones have a similar or higher tenor (and dimensions) compared with the discovery mineralisation (BRRC019).

All anomalous Zn zones are highly altered with pervasive silica, sericite and strongly chloritised wall rock. Zones range from 10m to 30m in width.

Oxidised breccia pipe characteristics have been observed within the target areas:

- Strong desilification zones peripheral (broad selvages) to the potential breccia sulphide pipes are represented by manganiferous vuggy/open textured siliceous matrix rocks with Zn and Pb secondary minerals (see image 5 in link below).

- Oxidised mineralised breccia zones (see image 6 in link below) potentially represent hydrothermal sulphide (Zn) breccia pipes.

Examples of pipe-like base metal deposits include: The Elura Zn - Pb - Ag mine (Cobar, NSW). Elura comprises of 6 pipes ranging from 120m to 30m in diameter - pre-mining resource of 50.7 Mt @ 8.8% Zn, 5.6% Pb, 107 g/t Ag and 0.2% Cu.

Mt Brockman 2 South (two targets)

- Significant Pb in soil anomalism has been defined over a strike of 800m. Results include up to 9844 ppm Pb adjacent to the old Mt Brockman 2 Pb mine, however, south along strike (150m) results include up to 9295 ppm Pb in soils. Approximately 150m north of the old Mt Brockman 2 Pb mine, results include up to 9728 ppm Pb with up to 2123 ppm Zn. The high order base metal in soil anomalism is associated with moderate widths (5 to 10m) of intense silica - sericite alteration. Both zones are considered worthy drill targets.

Mt Brockman 2 Central Pb (one target)

- Strong Pb in soil anomalism is associated with intense kaolinite - sericite - silica alteration with widths of up to 10m. Pb to 2866 ppm is associated with a strike of 300m.

Mt Brockman 2 Central Zn (one target)

- Strong Zn in soil anomalism is associated with a north trending altered structure with a strike of 400m. Pervasive alteration (silica - chlorite - sericite) of fine grain intermediate tuffs in contact with a silica altered quartz zone returned up to 2459 ppm Zn.

Iron Mike (One target)

- Highly anomalous Pb in soils to 6007 ppm (Pb) trends northwest over a strike of 500m. Strong silica-sericite alteration with widths to 10m also has elevated Zn in soils to 641 ppm (Zn).

Boom Boom Mancini (two targets)

- Anomalous Zn and Pb in soil occurs over a strike of 1.5km in association with silica-sericite alteration. Two core zones returned very high grade Pb including 9496 ppm, 7427 ppm, 4804 ppm and 3803 ppm. Zn was also strongly anomalous including 1771 ppm, 1362 ppm and 1326 ppm.

East Gossan South Zone (two targets)

- Two highly anomalous Pb and Zn zones have been defined along a north trending prominent structure with intense silica - sericite - chlorite alteration. Stringer galena and sphalerite was observed in completely chloritised wall rock. Massive galena was observed with the silica sericite alteration. The northernmost zone returned Zn to 1894 ppm and Pb to 1263 ppm over a strike of 250m. The southernmost zone returned Zn to 1268 ppm and Pb to 1868 ppm over a strike of 200m.

East Gossan (one target)

- Zn to 2237 ppm and Pb to 2763 ppm occurs in soil over a strike length of 300m in association with silica - sericite alteration.

Barkers Well (two targets)

- Widespread alteration with elevated Zn and Pb from a single RC drill hole has been followed up by a 50m by 50m XRF soil sampling grid. BRRC036 (Nov 2017)(see Note below) returned 124m (entire hole) @ 0.19% Pb, 900 ppm Zn in association with silica - sericite - chlorite alteration. Zn to 2319 ppm and Pb to 7516 ppm has highlighted at least two new targets including a north trending structure with known small-scale workings (500m in strike and completely open).

Baker's Dozen (one target)

- Zn anomalism is associated with a flat lying siltstone overlying dolomite without any obvious altered structure. Zn in soils to 2942 ppm highlights a north trending lithological unit over a strike of 400m (completely open) and over 100m in width. Visual inspection of the siltstone identified disseminated sphalerite.

Gossan Hill (one target)

- Very high grade Pb in soils to 2.82% with associated Cu to 2292 ppm occurs along a Pb dominant mineralised section of the Gossan Hill structure. The section, 1.8 km in strike, is a topographical high in the area and is altered (silica - sericite) over 50m in width where the high order Pb and Cu is located.

Puggers Hill (one target)

- Strong Pb in soil anomalism is associated with a northwest trending alteration (sericite - silica) zone. Pb in soil returned up to 1128 ppm and Zn to 837 ppm over a strike of 250m.

Sugar Ramos (one target)

- Strong potassic - barite - silica - sericite associated with visible multiple galena veins occurs over a strike of 350m. Pb in soil returned up to 3048 ppm.

Moxams North (one target)

- Very high-grade Pb in soils are associated with a northwest trending wide alteration (sericite - silica) over a strike of 200m. Pb returned up to 4222 ppm.

Vanadium Creek (one target)

- Strongly anomalous Zn in soils occurs over a strike of 400m within a major northwest trending structure. Zn returned up to 947 ppm.

Regional Soil Sampling Results - No Dice Chacon target - Image 3 (see link below)

Wide spaced (400m by 400m) conventional soil sampling has defined a 700m strike, north trending zone of Zn anomalism (up to 560 ppm Zn) in flat lying siltstones at the No Dice Chacon target within E45/4873.

The response is significant (8 times background) based on soil sampling completed further east at the Baker's Dozen target where regional Zn in soil anomalism returned 527 ppm Zn has been infilled (50m by 50m) by pXRF soils where values were up to 2942 ppm Zn.

Comments on Soil Geochemistry Thresholds

Note that the pXRF in-situ soil programme focused on the mineralised structures and anomalous standard/traditional regional soil geochemistry and therefore the sample sites are proximal or directly over base metal mineralisation in basement. The thresholds (assay response - Pb and Zn) will be higher order compared with the regional standard/traditional soils. Regional soils are spaced on 400m by 400m staggered patterns with infill to 200m by 100m patterns. pXRF soil sampling is on 50m by 50m, 25m by 25m and 25m single line spacing grids over base metal anomalism defined by the regional soil programs.

Exploration Status

Rumble is aggressively completing systematic targeting with detailed prospecting of the defined targets ongoing. Work includes extensive multi-element grab/rock chip sampling and geological reconnaissance. Results are pending for approximately 200 grab samples taken over the high order base metal targets.

As the exploration progresses, numerous high priority targets are being generated and Rumble is optimising the best targets for the proposed RC drilling program. Due to the multitude of first order targets being identified, the RC drilling is now re-scheduled for August to ensure Rumble delineates the best targets for the RC drill program.

Note: Refer to RTR announcement 22 Feb 2018 - "Further Sampling Confirms High Grade Zinc Discovery and Identifies High Grade Vanadium Potential at Braeside"

To view figures, please visit:
http://abnnewswire.net/lnk/15480666

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

Core Exploration Ltd (ASX:CXO) 2018 Exploration and Lithium Resource Drilling Commences

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Emerging Australian lithium developer, Core Exploration Ltd (ASX:CXO) ("Core" or the "Company"), is pleased to announce that drilling has commenced to discover, expand and define substantial additional lithium resources of the Finniss Lithium Project in the Northern Territory as the 2018 field season opens.

HIGHLIGHTS

- 2018 exploration and resource expansion drilling programs have commenced at Finniss Lithium Project;

- Four drill rigs to be contracted for major exploration program over the coming months;

- First rig has commenced RC drilling lithium pegmatite targets near Grants Resource;

- Second RC rig to commence drilling exploration targets and extensions to BP33 Mineral Resource next week;

- Third rig to commence diamond drilling, also at BP33, in the coming weeks;

- Fourth rig to commence shallow RAB drilling on regional pegmatite targets prior to the end of June;

- RC, diamond and RAB drill rigs to progressively to test targets over 2018 calendar year and into 2019;

- Over 40,000m of drilling (DD/RC/RAB) planned during the next 12 months;

- Significant potential to grow Finniss Project Mineral Resources as BP33 and Grants are only two of the many lithium rich pegmatites identified within Core's large 500km2 of granted tenure at Finniss;

- PFS for development of Grants Deposit expected this month.

The Finniss Lithium Project comprises over 500km2 of granted tenements near Darwin. Results have confirmed that ore grade lithium mineralisation is widespread within the Finniss Project, highlighting the prospectivity of the tenements, with numerous highly prospective pegmatites yet to be drill tested.

The total Mineral Resources at Finniss are currently 3.45Mt @ 1.4% Li2O (see Table 1 in link below) and drilling in 2018 is aimed at substantially growing the Mineral Resource base to underpin a potential long-life lithium mining and production operation.

Drilling will initially target easily accessible areas around Grants and BP33 and will progressively expand to testing known spodumene pegmatites and newly identified lithium pegmatite targets, identified by Core's exploration team throughout the large Finniss project area during 2018.

In parallel with drilling focussed on resource expansion, Core is in the final stages of completing a Pre-Feasibility Study ("PFS") for the development of a spodumene concentrate and/or direct shipping ore operation ("DSO") from the Grants Lithium Deposit, which is expected to be delivered later this month.

Subject to positive results from the PFS, the Company then expects to complete a full Feasibility Study for the development of mining and processing lithium from the Finniss Project and is aiming to complete regulatory approvals, financing and internal approvals, before commencing production at Grants by the end of 2019.

The Finniss Lithium Project has substantial infrastructure advantages supporting the Project's development; being close to grid power, gas and rail and within easy trucking distance by sealed road to Darwin Port - Australia's nearest port to Asia.

Core Exploration's Managing Director, Stephen Biggins, said "The commencement of the 2018 exploration season will see a significant step up in newsflow regarding Finniss over the coming months.

"With the PFS due shortly, environmental and regulatory approvals processes underway, advanced metallurgical testwork about to commence and now the drilling, shareholders and investors should expect a steady flow of news over the course of 2018."

To view tables and figures, please visit:
http://abnnewswire.net/lnk/N059565L

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
Director - Investor Relations
Cannings Purple
M: +61-400-466-226
E: arowell@canningspurple.com.au
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