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Asia Business News

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    Lithium Power International Limited (ASX:LPI) (OTCMKTS:LTHHF) ("LPI" or "the Company") is pleased to provide this update on the sale of its interest in the Argentinian lithium project situated in the Centenario salar to Centenario Lithium Limited ("the Purchaser") and the potential disposal of its Western Australian and Argentinian assets.

    Centenario Transaction

    LPI entered into binding contracts on 4 December 2017 with the Purchaser to sell 100% of the shares in Lithium Power International Holdings (Argentina) Pty Ltd ("LPIH") (the "Transaction"). LPIH is a wholly owned Australian subsidiary that holds the Company's interest in the Centenario Project.

    LPI granted the Purchaser two extensions to the completion date, which were announced to the ASX on 2 May 2018 and 16 May 2018. Completion of the Transaction was scheduled to occur on 14 June 2018.

    During this period, the Company advanced its exploration of the Centenario Project and continued to develop other aspects of the asset.

    LPI now advises that the Purchaser was unable to complete the Transaction on 14 June 2018.

    Accordingly, pursuant to the terms of the Transaction documents, LPI will retain the approximately $1.15 million in cash received from the Purchaser, and it will transfer to the Purchaser shares representing 30% of the total issued capital of LPIH.

    The Centenario Project will become a 70:30 joint venture between LPI and Centenario Lithium. LPI intends to continue discussions with the Purchaser regarding a potential transaction involving LPIH in the future, along with further advancement of the project.

    Potential Disposal of Non-Chilean Assets

    Further to LPI's announcement of 12 April 2018, the Board is evaluating a range of options for its Pilbara and Greenbushes assets in Western Australian and its interest in the Centenario Joint Venture.

    These possible options include the potential disposal of some or all the non-Chilean assets, joint venture arrangements or spinning out of all or some of the non-Chilean assets into a newly listed vehicle on either the ASX or another securities exchange.

    The Company will update the ASX with regards to any transaction in accordance with its continuous disclosure obligations.

    David R Hannon - Chairman or 
    Andrew Phillips - Company Secretary
    Lithium Power International
    E: info@lithiumpowerinternational.com
    Ph: +61-2-9276-1245
    www.lithiumpowerinternational.com
    Twitter: @LithiumPowerLPI

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    Emerging bauxite producer, Australian Bauxite Limited (ASX:ABX) (ABx) holds tenements covering the core of the Eastern Australian Bauxite Province (see Figure 6 in link below). ABx considers its Binjour Project located 115kms southwest of Bundaberg Port (see Figure 1 in link below) to be a discovery of a major bauxite province which is being assessed to become the company's flagship project over the next 5 years. Resource estimations are confirming the significant potential of Binjour.

    - 37 million tonnes of thick, gibbsite trihydrate bauxite resources at Binjour, central QLD

    - Based on 930 drill holes into approximately 75% of the identified bauxite layer that extends over 44 square kilometre Binjour Plateau (see Figure 2 in link below)

    A 3 to 15 metres thick layer of bauxite extends over the entire 44 square kilometre Binjour Plateau (see Figure 2 in link below). Parts of this bauxite layer totalling 10.4 million tonnes is suitable for simple bulkmining and shipping as "DSO Bauxite 1" whilst other areas totalling 26.6 million tonnes contain silica gel veinlets which require processing with ABx's proprietary TasTech technology to reduce silica and upgrade the Al2O3 content to meet the target production grade.

    Mine planning and scheduling is in progress to determine the optimum mining and processing needed to achieve the two main Binjour Products, the grades of which have been established by a bulk sampling program that subsampled 2,000 tonnes of drillhole samples in December 2017.

    Resource Estimation Details

    1. Location

    Binjour Bauxite Project lies on a plateau located 115kms WSW from Bundaberg Export Port, in the Wide Bay Burnett Region of central Queensland, Australia. It is the best located of perhaps 5 projects in this region that may total in the order of 200 million tonnes of trihydrate gibbsite bauxite.

    2. Logistics: Product Transport Route

    Road Transport: A transport study is in progress by two land transport operators and involving discussions with government transport officers. The main destination focus is the Port of Bundaberg. Discussions with QLD transport department officers are well advanced.

    All roads are gazetted major highways but have axle loading constraints and total truck tonnage restrictions on certain bridges, as is normal in Queensland. Trucking from Binjour to the Port of Bundaberg ranges from 188km to 198km.

    Port Bundaberg is a river port with inner port restrictions of 200 x 32 metre ship sizes due to swing basin limits and a 9.5 metre channel depth (11m at the loading pocket) at the lowest astronomical tide. However, studies of potential barge transhipment and loading onto Cape Size ships within the outer port limits are being studied in detail

    Port Bundaberg connects directly to deepwater shipping routes via well-defined shipping channels with shifting sand seafloors. The shipping channels are located well south of the Great Barrier Reef and will have zero impact on it.

    3. Tenement Holdings

    ABx has two granted exploration permits-mining EPM 18014 Binjour and EPM 18772 Binjour Extension covering the Binjour Plateau. Resources estimated and reported herein are all in EPM 18014 as shown in Figure 2 above (see link below). All tenements are in good standing and are unencumbered.

    Other tenements in the area are shown in Figure 3 (see link below) following and include a granted Mining Lease at Toondoon 25km south of Binjour and exploration tenements (EPMs) at Toodoon and Brovinia.

    4. Land Status

    The Binjour Bauxite Deposit occurs on land comprising freehold farms and lesser State Forest areas. It is not considered strategic cropping land but that will require confirmation in due course.

    Native title applies to two small forestry reserve areas that may not be alienated land, covering approximately 7% of the bauxite resources. These can be excluded from any initial mining lease application should they prove to be native title so as to avoid undue project delays.

    5. Geology

    The district was subject to extensive tertiary alkali-basalt volcanic activity followed by deep weathering and topographic inversion (see Figure 5 overleaf in link below). A residual bauxite layer covers the main topographic high, Binjour Plateau. The Bauxite is interpreted to have been deposited as a flat lying of volcanic tuffaceous origin. This strata has been preserved on a series of plateaus which are remnants of an old peneplain surface.

    Most bauxite lies beneath a soft, dry red mud horizon of variable thickness (typically 6m to 8m). Much of the high grade bauxite occurs in lenses and bands. Some bauxite zones are considered best suited to cement-grade because of intergranular clay veins (often halloysite-clay) but ABx's proprietary TasTech processing technology may increase yields of metallurgical grade bauxite. Bauxite occurs in both nodular and massive forms with the nodular bauxite sitting directly above the massive bauxite.

    Underlying the bauxite is another mottled clay-mud unit which is probably more than 70m thick.

    The bauxite generally outcrops on the edges of slopes and has been inferred to be the result of weathering around the edge of the plateau. Good continuity of the bauxite layer is displayed away from the outcropping bauxite, with the same layer being intercepted under the red clay layer well into the plateau.

    Because of concealment by the upper mud clay layer there is significant potential for the discovery of additional bauxite resources both at Binjour and regionally.

    Regional bauxite province: A province of bauxite deposits of various sizes on bauxite-hosting plateau extend south-south-westwards from Binjour Plateau for over 100kms - see Figure 1 above (see link below).

    6. Resource Estimation

    Drill Statistics

    A total of 930 RC aircore holes have been drilled for 19,098m (average depth 20.5 metres). 30 of these holes are excluded from the database because they were either not on EPM 18014 or were for non-resource purposes. For resource estimation, the results from the 900 aircore holes totalling 18,599m (average depth 20.7m) on EPM 18014 were extracted from the ABx master database system called ABacus.

    In addition, a 6-hole diamond drilling program was done at the end of the aircore drilling programs to assess the geological profile, collect samples for microscopy, petrology, mineralogy and density determinations by gravimetric methods (see below).

    Drilling procedure and sample recovery

    Drilling was undertaken using a light truck mounted reverse circulation rig using compressed air and drilling using the air core method. The rig operates with twin rear wide tyres for low ground pressure and minimal ground disturbance. The rig is fully contained carrying 3m rods and a compressor on board. A field support vehicle is required for mobility.

    Drilling is conducted in a semi-random pattern largely governed by access and site availability. Drill spacing is typically between 75m and 150m. Drill chip recovery is extremely consistent at Binjour, mainly because of dry ground conditions above and through the bauxite layer. If the sample recovery was deemed to be significantly lower than expected, the hole was abandoned and a new hole started nearby.

    Location of data points

    All drill hole locations were surveyed at the time of drilling using hand held GPS, with accuracy of +/-5m. Topographic control was assessed using data from the 3 second SRTM derived digital elevation model. This procedure gives adequate accuracy for the level of the resource which has been defined using inverse distance squared grade interpolation in a 2-dimensional plan projection and confirmed by other methods.

    Sampling technique

    Samples were collected at metre intervals and assessed by the geologist on site. All samples suspected of containing bauxite were split from the main sample bag using a broad headed, flat based shovel and placed in a calico bag for testing at ALS Laboratory in Brisbane.

    A sub sample is also taken to be tested with the company's own mobile XRF device for rapid results, mainly silica determination. The mobile XRF results are used to lead further drilling.

    A small grab sample of each 1 metre long sample is also added into a plastic mud-logger's chip tray. The remainder of the sample is stored in a secure lockup rented from the Forestry Department. All non-bauxite sample intervals are also stored at the lockup. All samples are stored in a neatly ordered pallet system allow-ing for easy recovery of every sample drilled.

    Logging and lithology

    Each metre interval is described in the field by colour, texture, lithology, apparent moisture and lumpiness (assessed visually). A brief description of the sample may also be written if there are interesting or distin-guishing features that need to be recorded separately from the ABx coding system. Each sample, chip tray, and hole rehabilitation is photographed for record keeping and review. 100% of the samples are logged.

    The computerised logging information, scans of the had-written log sheets, photos of all samples and the drillhole itself before drilling and after rehabilitation are stored in ABx's proprietary database called ABacus so as to allow real-time inspection of any information (see Data storage below).

    Quality of assay data and laboratory tests.

    The Assay work was completed at a fully certified ALS laboratory in Brisbane, Australia. For Standard XRF runs there was a minimum of 1 Blank, 2 Standards and 2 Duplicates per 43 Regular samples. For available Al2O3 and reactive SiO2 there was 1 Blank, 3 Standards and 2 Duplicates for 42 Regular samples. For the LOIs, there was 1 Standard and 1 Duplicate per 19 Regular samples. Leach conditions to measure available alumina "Avl Al2O3" and reactive silica "Rx SiO2" were 1g leached in 10ml of 90gpl NaOH at143 degrees C for 30 minutes.

    Resource Continuity

    Comparisons of results from twinned holes (Levy, June 2012 "Twinned Holes Report Jun12.doc") suggest that the repeatability or "precision" of individual metre samples is low, probably due to the combined effects of variations in sieving yields in the laboratory and variable quality distributions throughout the bauxite hori-zon. This is not unusual for bauxite.

    However, average grades of the full drill intercepts thicknesses and grades display a greater degree of short-distance continuity or "precision", probably due to random imprecision factors that average-out over the full bauxite intercept.

    This supports the use of resource estimation methods which use full bauxite intercepts as the data points for block modelling, rather than block-modelling methods based on individual metre samples as the data points.

    Data storage and database integrity

    All assay, lithology, and collar data is securely stored on a proprietary Microsoft Access database system known as ABacus. ABacus has been specifically tailored for ABx by consultants GR-FX Pty Limited. The Database has inbuilt checks to ensure database integrity.

    All data is checked to ensure it belongs to a valid hole, and that all sample numbers belong to a valid logged sample number that has been entered into the database.

    Paper logs can be displayed on screen with the digital data for further verification. The assay data is verified by checking that the totals of at least three different analysis sum to the same total as the original file pro-vided by the laboratory.

    A photo of every sample, chip tray, hole rehabilitation, and scanned log sheet is also stored in the ABacus database. All hand written field logs are digitised by a trained database technician. The digital version is then double checked by the relevant geologist to ensure consistency.

    Block Modelling

    Resources estimation modelling was undertaken by Scandus Pty Ltd using intercept data provided by ABx. A cross-check estimation was done using a polygonal method which achieved satisfactorily similar results.

    The Binjour data was provided to Scandus as intercepts (true width), thickness and assays (for sieved 0.26mm material) and ratios (Avl/Srx, A/S, Waste/Bauxite, Al2O3, avl Al2O3, LOI, SiO2, SiO2rx, TiO2, Fe2O3, thickness of Bauxite and Yield) as length weighted averages, and depth to bottom of overburden.

    25x25m Blocks were created in the east and north orientation and the Z value was a nominal 5 m, however the z value was replaced with modelled thickness for volume determinations similar to seam modelling. Polygons were then created to constrain the model, these polygons were drawn based on geological knowledge of the deposit style and topographic constrains. The block model was coded with 'rock type' based on the blocks contained in the provided polygons, as were the intercepts. The estimation was carried out using Inverse Distance Squared, no top cut was used. A search ellipse of 400x400m with a minimum of 1 sample and maximum of 12 samples was used to estimate blocks to the edges of the observed geological/ ore boundary.

    This search ellipse was deemed adequate based on variogram analysis which indicated geostatistical continuity at this distance. Confidence in this distance is further strengthened when the geological model for this deposit indicates good horizontal continuity.

    The number of samples used in the estimation of each block was recorded as was the distance to the closest sample from the estimated block and this information is used to help classify the blocks. Blocks with fewer than 3 samples (ie. 3 holes) were then removed from the model. Blocks with between 3 and 9 data points were classified as being inferred resources, and blocks with over 9 samples being classified as indicated.

    All assays, ratios, thickness Overburden and included dilution were modelled using the same parameters.

    In-Situ Bulk Dry Density

    An average of 1.9 t/m3 Specific Gravity was used to convert Volumes to Tonnes. This value was calculated by gravimetric and water displacement density testing methods based on samples collected from diamond drill core from a 6 hole diamond drilling program (Roach, 2012, "Core Program_Report_26102012_blr.doc"). Results are summarised below: (see link below)

    To view the release with tables and figures, please visit:
    http://abnnewswire.net/lnk/PC861P3H

    Ian Levy
    CEO and MD
    Australian Bauxite Limited
    Telephone: +61-2-9251-7177
    Mobile: +61-407-189-122

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    White Rock Minerals Ltd (ASX:WRM) ("White Rock" or the "Company") is pleased to announce the first round of assay results for massive sulphide mineralisation intersected in two of the first three diamond drill holes at its 100% owned high-grade zinc VMS project at Red Mountain in Alaska. The intervals correspond with the visible sulphide mineralisation previously reported (ASX Announcement 5th June 2018), as shown in Figures 1 & 2 (see link below).

    These diamond drilling results are part of White Rock's maiden drill campaign at the Red Mountain project. The initial drilling results are from infill drilling of the two existing deposits, Dry Creek and West Tundra, with a Resource base of 16.7Mt at 8.9% ZnEq (see Note below) including a high-grade component of 9.1Mt @ 12.9% ZnEq (see Note below) (refer ASX announcement 26 April 2017 regarding the maiden Mineral Resource).

    Two of the first three drill holes in the 2018 campaign return exceptional zinc, lead and silver grades:

    - 3.5m @ 15.1% zinc, 6.7% lead, 518g/t silver, 2.1g/t gold and 0.2% copper for 35.2% zinc equivalent1 (WT18-28),

    - 8.9m @ 6.5% zinc, 2.7% lead, 124g/t silver, 0.7g/t gold and 0.2% copper for 12.7% zinc equivalent1 (DC18-76),

    - The West Tundra hole (WT18-28) is the best drill hole intersection of all the historic holes drilled into this deposit.

    At West Tundra, the WT18-28 high grade mineralisation intercept from 60.6 to 63.1 metres downhole has an estimated true width of 3.4m (see Figure 3 in link below) and is the best grade-thickness intersection for any drilling at West Tundra. This hole is some 75 metres from the nearest hole (WTF82-05) and indicates the sparse drilling at West Tundra (100-250 metre spacing) is open to improvements in grade and thickness with infill drilling. The first drill hole (WT18-27) drilled down a steep angled fault and did not intersect any significant base metal sulphide mineralisation.

    At Dry Creek, the DC18-76 intercept is in line with surrounding drill intersections. The high-grade mineralisation from 63.9 to 72.7 metres downhole has an estimated true width of 7.9m (see Figure 4 in link below). This hole is some 20 metres from the nearest holes (DC97-33 and DC98-39).

    MD & CEO Matt Gill said "These first drill assay results for the Dry Creek and West Tundra deposits validate our belief that these two deposits form part of a genuine high-grade zinc rich polymetallic VMS mineralisation system. Our exploration program focus is to expand the maiden Resource and to identify and test new targets to make the additional discoveries. Initial drilling and surface mapping and sampling have allowed us to characterise the mineralisation at Red Mountain, providing the knowledge with which to identify, prioritise and test these new targets. This is a great start to our 2018 exploration program and we are confident of adding to our maiden Resource in a meaningful way over the next few months."

    Diamond drilling has now moved on to testing areas with the potential to extend the known Resources and a selection of new targets prioritised by surface mapping, geochemical sampling and geophysics.

    Field crews commenced their field assessment (mapping and soil and rock chip sampling) on the highest priority targets at the beginning of June with the intention of undertaking mapping and surface sampling prior to selecting targets for drill testing throughout the 2018 campaign.

    The geophysics crew has now also commenced field surveys with initial orientation work across the known mineralisation at Dry Creek in progress. Electrical surveys are expected to commence on new targets this week.

    About Red Mountain (as more fully set out in the ASX Announcement dated 15 February 2016)

    - The Red Mountain Project is located in central Alaska, 100km south of Fairbanks, in the Bonnifield Mining District. The tenement package comprises 230 mining claims over a total area of 143km2.

    - The Red Mountain Project contains polymetallic VMS mineralisation rich in zinc, silver and lead, with potential for significant gold and copper.

    - Mineralisation occurs from surface and is open along strike and down-dip.

    - White Rock used historical drilling to determine a maiden JORC 2012 Mineral Resource estimate for the Dry Creek and West Tundra Flats deposit (ASX Announcement 26th April 2017). The Inferred Mineral Resource contains an impressive base metal and precious metal content with 678,000t zinc, 286,000t lead, 53.5 million ounces silver and 352,000 ounces gold.

    - Good preliminary metallurgical recoveries of >90% zinc, >75% lead, >80% gold, >70% silver and >70% copper.

    - Previous drilling highlights (ASX Announcement 15th February 2016) include:

    Dry Creek

    o 4.6m @ 23.5% Zn, 531g/t Ag, 8.5% Pb, 1.5g/t Au & 1.0% Cu from 6.1m

    o 5.5m @ 25.9% Zn, 346g/t Ag, 11.7% Pb, 2.5g/t Au & 0.9% Cu from 69.5m

    o 7.1m @ 15.1% Zn, 334g/t Ag, 6.8% Pb, 0.9g/t Au & 0.3% Cu from39.1m

    West Tundra Flats

    o 1.3m @ 21.0% Zn, 796g/t Ag,9.2% Pb, 10.2g/t Au & 0.6% Cu from 58.6m

    o 3.0m @ 7.3% Zn, 796g/t Ag, 4.3% Pb, 1.1g/t Au & 0.2% Cu from160.9m

    o 1.7m @ 11.4% Zn, 372g/t Ag, 6.0% Pb, 1.7g/t Au & 0.2% Cu from 104.3m

    - VMS deposits typically occur in clusters ("VMS camps"). Deposit sizes within camps typically follow a log normal distribution, and deposits within camps typically occur at regular spacing. The known deposits at Dry Creek and West Tundra Flats provide valuable information with which to vector and target additional new deposits within the Red Mountain camp.

    - Interpretation of the geologic setting indicates conditions that enhance the prospectivity for gold-rich mineralisation within the VMS system at Red Mountain. Gold mineralisation is usually found at the top of VMS base metal deposits or adjacent in the overlying sediments. Gold bearing host rocks are commonly not enriched in base metals and consequently often missed during early exploration sampling. This provides an exciting opportunity for potential further discoveries at Red Mountain.

    - White Rock sees significant discovery potential, given the lack of modern day exploration at Red Mountain. This is further enhanced by the very nature of VMS clustering in camps, and the potentially large areas over which these can occur.

    Note: ZnEq = Zinc equivalent grades are estimated using long-term broker consensus estimates compiled by RFC Ambrian as at 20 March 2017 adjusted for recoveries from historical metallurgical test work and calculated with the formula: ZnEq =100 x [(Zn% x 2,206.7 x 0.9) + (Pb% x 1,922 x 0.75) + (Cu% x 6,274 x 0.70) + (Ag g/t x (19.68/31.1035) x 0.70) + (Au g/t x (1,227/31.1035) x 0.80)] / (2,206.7 x 0.9). White Rock is of the opinion that all elements included in the metal equivalent calculation have reasonable potential to be recovered and sold.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/G4KK27VC

    Matthew Gill (Managing Director & CEO)
    Phone: +61-3-5331-4644
    E-mail: info@whiterockminerals.com.au
    
    Shane Turner (Company Secretary)
    Phone: +61-3-5331-4644
    Website: www.whiterockminerals.com.au

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    The Board of Queensland Bauxite Limited (ASX:QBL) (or "the Company") is delighted to announce that the ASX has approved the Company's Announcement to be released. The Company intends to release the announcement on Thursday 21 June 2018. QBL will recommence trading on the ASX following the release of the Announcement.

    The Board would like to thank our shareholders for their patience and support during this process. The Board also appreciates the guidance and assistance given to the Company during this period by the ASX.

    We hope that our shareholders will share our excitement about these significant acquisitions and milestones for our Company that the upcoming Announcement will present.

    The Board looks forward to QBL recommencing trading on the ASX platform.

    Queensland Bauxite Ltd
    Tel: +61-2-9291-9000
    Fax: +61-2-9291-9099
    
    For further information or any queries please email the Company at:
    sfeldman@queenslandbauxite.com.au

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    Cryptocurrency Exchange Binance.com (CRYPTO:BNB) will open trading for SC/BNB (CRYPTO:SC), SC/BTC and SC/ETH trading pairs at 2018/06/14 11:00 AM (UTC). Users can now start depositing SC in preparation for trading.

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    The Sia blockchain allows this marketplace to run without an intermediary. Sia secures storage transactions with smart contracts, creating a more reliable and affordable offering when compared to traditional cloud providers. No one person or organization can censor or deny access to data-not miners, not developers, nor any government. We believe Sia's distributed, decentralized storage technology is stronger, more secure, more efficient, and more equitable for the entire ecosystem.

    We believe that neither individuals nor institutions should be beholden to large corporations. Sia was created to promote and safeguard users' freedoms. It's our attempt to bring decentralized storage built on blockchain technology to the mainstream without sacrificing price or performance.

    Our long term goal is for Sia to become the backbone storage layer of the Internet.

    Nebulous, Inc. was established in 2014 and launched the Sia Storage Platform in 2015. Based in Boston, Nebulous is funded by Raptor Group, First Star Ventures, Fenbushi Capital and INBlockchain.

    Max Supply: 33,098,296,530 SC

    Circulating Supply: 33,098,296,530 SC

    Issue Price: $ 0.000100

    To view the Whitepaper, please visit:
    http://abnnewswire.net/lnk/E7M28B09

    Siacoin
    WWW: www.sia.tech
    
    Binance
    E: market@binance.com
    WWW: www.binance.com
    

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    Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to report the commencement of a testing program to produce lithium carbonate and lithium hydroxide from the Authier pilot plant lithium concentrate.

    The Company recently completed a pilot plant program which processed five tonnes of Authier drill core into over 400 kilograms of spodumene concentrate. The program demonstrated that a 6% Li20 concentrate could be produced at a metallurgical recovery of 79% (see ASX release, Completion of the Authier Pilot Program, 22 May 2018).

    The downstream testing program will be performed by SGS Canada Inc. at Lakefield, Ontario. SGS have extensive experience and expertise in downstream testing and have performed programs for a number of Canadian lithium projects. The program will be comprised of two phases including the initial production of aqueous lithium sulphate followed by purification to lithium carbonate and lithium hydroxide.

    Data produced from the testing program will be incorporated into a downstream Pre- Feasibility Study and samples produced will be used for potential customers.

    The Company has previously demonstrated the successful conversion of Authier concentrate into extractable beta spodumene (a form of spodumene amenable to further processing). Flotation concentrate samples were transformed from alpha to beta spodumene in a decrepitation kiln. The lithium was extracted to form lithium sulphate through sulphuric acid roasting followed by water leaching. The previous results demonstrated that up to 96.8% of the lithium was extractable from Authier spodumene concentrates (see ASX release, Successful Thermal Conversion of Authier Concentrates, 3 July 2017).

    The results compare favourably with benchmark data generated from other hard-rock spodumene projects in Canada with similar testing conditions (i.e., decrepitation temperature and time). The results provided confidence that battery grade lithium carbonate can be produced from Authier lithium concentrate.

    Dan O'Neill, Managing Director, commented "The new testing program heralds an exciting new phase of value adding at the Authier project. In the short term, the Company is committed to developing a low capital expenditure concentrate sales operation and capitalising on the projected high price environment for concentrates near term. The cash flows could then be applied to funding the equity required to construct the downstream processing plant. This would unlock the inherent value in the project at a time when lithium carbonate/hydroxide prices are trading near at all time price highs based on the strong demand growth for lithium-ion batteries".

    Rationale for Value Adding Authier Concentrates

    The Company believes that there is significant economic rationale for value-adding the Authier concentrates in Quebec to enhance the project value, and improve the long-term competitive position of the project. In August 2017, a Concept Study prepared by engineering consultants, Wave International ("Wave"), demonstrated the potential technical and economic viability of constructing a lithium carbonate and/or hydroxide facility in Quebec - see Table 1 (see link below).

    Quebec is uniquely positioned with a number of significant commercial and market advantages, including:

    - High quality infrastructure including roads, rail, and port access;

    - Globally competitive, low-cost gas and electricity prices. Electricity is sourced from renewable energy;

    - Skilled, competitive cost labor force;

    - Sulphuric acid availability from a copper smelter at Rouyn Noranda, 80 kilometres west of the Authier project site;

    - Tax incentives for value-adding the concentrates within Quebec;

    - Supportive government that invests directly into mineral development projects (e.g., Nemaska and North American Lithium); and

    - Located in close proximity to the US markets including, the Tesla Giga factory in Nevada, and other planned Giga factories in the United States.

    To view tables, please visit:
    http://abnnewswire.net/lnk/YEW1CWD5

    Dan O'Neill
    Managing Director
    Phone: +61-7-3369-7058
    Email: info@sayonamining.com.au

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    MMJ PhytoTech Limited (ASX:MMJ) ("MMJ") is pleased to note the attached news release (see link below) by Harvest One Cannabis Inc. (CVE:HVT) ("Harvest One") confirming that its wholly-owned subsidiary, United Greeneries ("UG"), has received a Dealer's License pursuant to the Controlled Drugs and Substances Act under Health Canada.

    The license now allows UG to import narcotics into Canada, including its signature Gelpell Microgel CBD capsules that are produced in Switzerland and that are already sold as a nutritional supplement in the European Union and as a prescription drug in Australia. The license also allows Harvest One to export its medical cannabis products to other markets with favourable medical cannabis regulations, including Germany.

    To view the release, please visit:
    http://abnnewswire.net/lnk/4RHGPSM9

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

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    Intermin Resources Limited (ASX:IRC) ("Intermin" or the "Company") is pleased to announce the consolidation of tenure making up the Yarmany Gold Project, 65km west of Kalgoorlie-Boulder in Western Australia (see Figures 1 and 2 in link below). The Company is currently conducting a self-funded 55,000m drilling program targeting resource growth and new discoveries on major geological structures in the world class Western Australian goldfields.

    HIGHLIGHTS

    - New tenure pegged making up the Yarmany Gold Project, 65km west of Kalgoorlie-Boulder in the Western Australian goldfields

    - Project area now covers 320km2 of greenstone belt including two new Exploration Licence applications contiguous with the Company's 100% owned Yarmany and Area 54 prospects

    - Yarmany is located on the highly prospective Ida and Reptile shear zones in close proximity to all required infrastructure

    - Data compilation and target generation underway for initial drilling upon final granting of applications expected in the first half of 2019 (see Note 1 below)

    Commenting on the acquisition, Intermin Managing Director Mr Jon Price said:

    "The consolidation of the Yarmany tenure is in line with the Company's strategy of acquiring quality assets on major geological structures contiguous with existing landholding and in close proximity to supporting infrastructure. The area has had limited work completed in the last 20 years and was consolidated through pegging at very low cost. "

    "The Company now holds a commanding position in the Yarmany project area of over 320km2 and has commenced data compilation and target generation for initial drilling upon final granting of the applications. We see great opportunity for Yarmany to join Teal, Anthill and Blister Dam as a key growth project for Intermin in this world class gold producing region. "

    Overview

    The Yarmany project area comprises 5 granted tenements and 5 applications. ELA15/1655 (220 km2) and ELA 16/510 (18 km2) are recent applications and cover newly available ground contiguous with the Company's 100% owned Yarmany and Area 54 prospects. Intermin now holds a dominant position overlying the Ida and Reptile Shear zones and covering over 320km2.

    Previous geochemical work completed (Delta Gold in 1992-2001 and others) identified numerous anomalies, many of which have yet to be followed up. The Iguana - Jamaica and Lizard gold mines along strike of the Company's tenure were developed between 2000 and 2009 producing 68,000 ounces of gold grading 3g/t and have current resources of 201,000oz (see Note 2 below). Intermin has commenced data compilation and target generation for drilling in early 2019 upon final granting of applications (see Note 1 below).

    Notes:

    1. See Forward Looking Statement on Page 4

    2. See ASX announcement from EGS dated 14 June 2018

    To view figures, please visit:
    http://abnnewswire.net/lnk/L53Y5SQ8

    Jon Price 
    Managing Director
    Tel: +61-8-9386-9534
    E: jon.price@intermin.com.au
    
    Michael Vaughan
    Media Relations - Fivemark Partners
    Tel: +61-422-602-720
    E: michael.vaughan@fivemark.com.au

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    Investigator Resources Limited (ASX:IVR) ("Investigator" or the "Company") is pleased to announce that it has been advised by the Australian Taxation Office ("ATO") that Investigator's application for tax credits under the Federal Government's Junior Minerals Exploration Incentive ("JMEI") scheme has been assessed and fully allocated.

    Summary

    - Investigator has received an allocation of $687,500 in JMEI credits.

    - Some or all of these JMEI credits may be distributed to all eligible Investigator shareholders as a tax offset or franking credit against the Company's tax losses for allowable greenfields exploration expenditure in the 2018/2019 financial year

    - To be eligible, a shareholder must participate in the Company's fundraising activities during the 2018/19 financial year

    - Only new shares issued by Investigator will be subject to the JMEI scheme.

    About the JMEI Scheme

    During March 2018, the Federal Parliament passed legislation introducing the JMEI scheme with effect from 1 July 2017 for a four-year period based on an annual application process. The ATO is the administrator of the scheme.

    The JMEI scheme enables eligible exploration companies to create refundable tax credits to distribute to eligible shareholders by forgoing a portion of their carried forward tax losses that have arisen from allowable expenditure on "greenfield" exploration.

    The JMEI applies to Shareholders who acquire new shares in a "greenfields" minerals explorer before the end of an income year in which the Commissioner has made an exploration credits allocation. The shares must be equity interests for the purposes of the debt and equity tax rules.

    Australian resident shareholders that are issued with JMEI credits will generally be entitled to refundable tax offsets (for individual shareholders or superannuation funds) or franking credits (for companies). Receiving a JMEI credit could have tax consequences and shareholders who are issued JMEI credits by the Company should obtain independent tax advice specific to their personal circumstances.

    The Company's allocation of JMEI credits must be distributed to all eligible shareholders on a pro-rata basis. For shareholders to be eligible to receive a pro-rata distribution of JMEI credits from the Company, they must have applied for and been issued new shares in the Company during the 2018/19 financial year.

    Investigator's participation in the scheme

    The ATO has confirmed that Investigator's application to participate in the JMEI scheme for the 2018/2019 tax year has been accepted and that 100% of the exploration credits of $687,500 applied for has been allocated to the Company for distribution to shareholders who acquire new Investigator shares ("Eligible Shareholders") after 1 July 2018 and prior to 30 June 2019.

    Investigator has not determined the timing of any future equity raising. The actual number of JMEI credits to be received by each Eligible Shareholder for the 2018/19 income year will depend on a number of factors including but not limited to:

    - the actual amount of allowable "greenfields" exploration expenditure incurred by the Company during the 2018/19 financial year

    - the total number of Investigator shares issued during the 2018/19 financial year

    - Investigator's tax losses for 2018/19 financial year following the lodgement of its 30 June 2019 tax return

    The JMEI scheme is new and therefore all Eligible Shareholders are encouraged to seek their own independent financial advice before participating in any future equity raising. The JMEI credits will apply to the 2018/19 tax year and may be issued by the Company after lodgement of its 30 June 2019 income tax return.

    For further information about the JMEI refer to the ATO website at:
    http://www.abnnewswire.net/lnk/3NT80224

    Mr John Anderson
    Managing Director
    Investigator Resources Limited
    E: info@investres.com.au
    T: +61-8-7325-2222
    
    Mr Peter Taylor
    Investor Relations
    NWR Communications
    E: peter@nwrcommunications.com.au
    T: +61-41-203-6231

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    NOVONIX Ltd (ASX:NVX) provides the Company's latest presentation.

    ABOUT US

    A Battery Technology Company

    - We make high performance battery materials and testing equipment

    - Our customers are leading battery makers, researchers and OEMs

    - Operations in USA and Canada and sales in fourteen countries

    Experts Across the Battery Supply Chain

    - Expertise from battery engineering/chemistry to cell mass production

    Owner of a World-Class Natural Graphite Deposit

    - Mt Dromedary Graphite Project is large high grade deposit (18% TGC)

    - Located in established mining region in Queensland, Australia

    SUMMARY INVESTMENT HIGHLIGHTS

    Established brand in the rechargeable lithium-ion battery industry

    - NOVONIX is an established brand name known for making the most accurate battery cell test equipment in the world

    Global footprint of blue-chip customers and sales in 14 countries

    - Our battery cell test equipment now used by leading battery, auto and equipment makers and researchers including PANASONIC, CATL, BOSCH, DYSON, 3M, Alcatel-Lucent, DALHOUSIE University, Pacific Northwest National Laboratory, Helmholtz Institute and many others

    Innovative new products and process being commercialised in large growing market

    - Developing and commercialising new innovations in battery anode materials, anode manufacturing processes, battery cell test equipment and electrolytes

    Backed by a large world-class natural graphite resource in Australia

    - NOVONIX owns a large high grade, long-life natural graphite deposit in Queensland, Australia (18% TGC)

    Backed by a board experienced in building and running billion dollar businesses

    - Extensive experience in BD, resources, energy, advanced materials, battery industry, project financing, project delivery, operations and scaling

    Highly-incentivised Board and Management

    - The Board and Management hold ~45% of the equity in the company

    Opportunity to position at an early stage in a global market with exponential growth

    - Exponential demand for rechargeable lithium-ion batteries being driven by EV and energy storage demand growth

    To view the full presentation, please visit:
    http://abnnewswire.net/lnk/5F9DGXC8

    CORPORATE
    New York City, New York, USA
    Contact: Nicholas Liveris
    Email: nick@novonixgroup.com
    Telephone: +1-989-859-3213
    
    Brisbane, Queensland, AUSTRALIA
    Contact: Greg Baynton
    Email:greg@novonixgroup.com
    Telephone: +61-414-970-566
    
    USA & AUSTRALIA
    Contact: Philip St Baker
    Email: phil@novonixgroup.com
    Telephone: +1-970-376-4918
    Telephone: +61-438173330
    
    BATTERY TECHNOLOGY SOLUTIONS
    (BTS) FACILITY
    Bedford, Nova Scotia, CANADA
    Contact: Dr Chris Burns
    Email: chris@novonixgroup.com

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    Exploration work will be ramped up over the next six months at four of Impact Minerals Limited's (ASX:IPT) 100% owned gold and base metal projects across Australia.

    Following recent Board approval, follow up drill programmes are planned for the Commonwealth gold-silver-base metal project in New South Wales, the Clermont gold project in Queensland and the Mulga Tank gold and nickel project in Western Australia. In addition the first bulk samples will be taken at the Blackridge conglomerate gold project in Queensland in which Impact recently acquired an option to earn 95%.

    Following a recent strategic review of the Company's projects, eleven of the most prospective targets for gold and other metals across the exploration portfolio will be drill tested. Work will commence at Commonwealth and Clermont with drill rigs likely to be operating concurrently before moving on to Mulga Tank and Blackridge by about September-October.

    OVERVIEW OF THE PROGRAMME

    An outline of the planned work is given below. Further details will be announced in due course.

    At Commonwealth, all statutory approvals are in place to commence follow up drilling at the Silica Hill Prospect where gold and very high grade silver intercepts were returned from the previous drill programme (see announcement February 13th 2018). Step out diamond drill holes are planned to test the down dip and down plunge extensions of the mineralisation. The drill programme will start within a few weeks subject to the completion of the drill contractor's current contract (with another company).

    At Clermont follow up RC and diamond drilling is planned at five targets to test previous high grade drill intercepts and rock chip and soil geochemistry anomalies (see announcement May 15th 2018). In addition the drilling will test various IP anomalies that have been identified in a recently completed gradient array IP survey. This data is still being interpreted.

    The mineralisation style at Clermont indicates strong similarities to the high grade, low sulphidation-style Pajingo gold deposit located 250 km to the northwest with total resources of >5 million ounces at gold grades between 10 g/t and 17 g/t.

    The Clermont drill programme will commence on completion of Land Access Agreement negotiations which are on going and expected to be completed in early July.

    At Mulga Tank in Western Australia, Impact has identified a signficant number of gold and nickel targets for follow up work. The project comprises 20 strike kilometres of Archaean greenstone belt 200 km north east of Kalgoorlie and is highly prospective for Tier 1 gold deposits such as Gruyere located 200 km to the north east with current resources of 3.8 million ounces at 1.2 g/t nickel as well as komatiite and dunite-hosted nickel deposits.

    The top three gold and top two nickel targets will be tested by a programme of aircore drilling which will commence on the availability of an appropriate drill rig. All statutory approvals for the programme are in place.

    At the Blackridge conglomerate gold project also located near Clermont in Queensland, bulk samples will be taken at several places along the mineralised unconformity between the gold-bearing sedimentary units and the underlying basement (see announcement May 29th 2018). A few drill holes may also be completed. A review of appropriate sampling methodologies and equipment is underway. This work will commence on completion of a number of statutory agreements which are expected to be completed early in Quarter 4 2018.

    The Company is considering various options for its Broken Hill project in New South Wales.

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

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    Anti-Counterfeit and Customer Engagement solutions company YPB Group Ltd (ASX:YPB) is pleased to announce that UGG Australian Made Since 1974 will ensure the authenticity of its sheepskin boots and create a digital channel direct to its customers via YPB's PROTECT DETECT CONNECT technology suite.

    - UGG Australian Made Since 1974 adopts YPB 360 degree anti-counterfeit and customer engagement suite

    - Marks commercial launch of first generation YPB's ProtectCode massmarket highest security anti-counterfeit innovation

    - First client from Australian Made's 2,700 licensees

    UGG Australian Made Since 1974 is a third generation family business handcrafting premium quality, 100% Australian made UGG boots at its craftsmen-staffed workshop in South East Queensland. It is one of only a handful of UGG boot producers whose product is entirely made in Australia from only Australian sheepskins. Over 96% of UGG boots are produced or partly produced in China and product authenticity is a major concern to the few producers of truly authentic, premium Australian UGGs.

    UGG Australian Made Since 1974 has customers in over 20 countries. Its online export business is growing steadily and its domestic retail outlets are growing along with the growth in Chinese tourists to the Gold Coast and Sydney. The company is determined to protect its customers and its brand from fakes and recognises the opportunity for an ongoing direct customer relationship that flows from the willingness of customers to engage with a brand to confirm product authenticity. YPB's solutions seamlessly serve both objectives.

    UGG Australian Made Since 1974 will be the first client to deploy ProtectCode, YPB's innovative solution to the easily faked QR code, the universal gateway to e-commerce in Asia, particularly China. ProtectCode will embed YPB's forensic tracer into the QR code to enable easy confirmation of the codes authenticity. This initial iteration of ProtectCode will require YPB's scanner to confirm the presence of tracer but smartphone readability, due in the next few months, will mark the first massmarket deployable, forensic level, anti-counterfeit solution. Smartphone readability will be based on the unique, patented IP of YPB's recent acquisition Motif Micro.

    UGG Australian Made Since 1974 will deploy serialised QR codes generated by YPB Connect on swing tags. In a further YPB innovation, the Australian Made logo will be overlaid on the QR code without impacting readability of the code. Smartphone scan of the ProtectCode will bring up a screen requiring input of a serial number which will be confirmed against that held in the YPB Connect database.

    This project will be a modest revenue contributor to YPB.(see Note below) Nevertheless, Australian Made Campaign recognises the cost of counterfeit to innovative Australian companies and their customers and is working closely with YPB to introduce more companies to YPB's integrated solution to counterfeit and the challenge of building lasting customer relationships.

    Mr Todd Watts, Managing Director of UGG Australian Made Since 1974, said: "The project with YPB is very important to us as the world is filled with so much confusion as to what is "real" and what is "fake". Working with YPB will help to clearly distinguish who we are as an 100% Australian Made UGG boot manufacturer and enable us to build a safety net around our brand UGG Since 1974. We have been producing high quality merino UGG boots for over 40 years and for the brand to be confused with fakes is extremely detrimental to the brand's image and identity that we have put so much effort into building. Our aim is to implement both an authentication process and an anticounterfeit label for our customers, ensuring them that what they have bought is 100% the "real" UGG Since 1974 boots, manufactured on the Gold Coast, Australia, from start to finish.

    We see the relationship with YPB and the benefits the security system has to offer us as a gamechanger for Australian Made UGG boots, bringing a new level of accountability to the industry and assisting us to tell the story of the iconic Australian made UGG boots to our consumers worldwide."

    YPB Executive Chairman John Houston said: "We are delighted to help a first-rate Australian family business such as UGG Australian Made Since 1974 protect against counterfeit and use our fully integrated technologies to maximise the lifetime value of all its customers through ongoing direct connection. We expect to help many more Australian producers developing markets in high counterfeit risk geographies, particularly China, to protect against counterfeit and connect directly with end customers to build robust, sustainable business. We have developed a close working relationship with Australian Made Campaign and look forward to jointly protecting "brand Australia" from the direct and serious damage of counterfeit."

    Please note:

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

    To view figures, please visit:
    http://abnnewswire.net/lnk/1HCC2478

    Mr. John Houston 
    Executive Chairman
    YPB Group Limited
    T: +61-458-701-088 
    E: john.houston@ypbsystems.com 
    
    Mr. Gerard Eakin
    Director
    YPB Group Limited
    T: +61-427-011-596
    E: eakin@manifestcapital.com
    W: www.ypbsystems.com

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    Hammer Metals Limited (ASX:HMX) (Hammer) and joint venture partner TSX listed Global Energy Metals Corporation (GEMC) have recently completed a 10-hole, 1141-metre diamond drilling program (MIDD001 - MIDD010), at the Millennium Co-Cu-Au project near Cloncurry in northwest Queensland.

    - Final results from a 10-hole diamond drilling program at Millennium received

    - Significant results from the final four holes include:

    o 15 metres at 0.22% Co, 0.21% Cu and 0.18g/t Au from 40 metres within a mineralised envelope of 41 metres at 0.18% Co, 0.11g/t Au and 0.23% Cu from 14m in MIDD010. This zone includes a one metre interval of 1.85% Co (40-41m).

    o 7 metres at 0.11% Co and 0.15% Cu from 24 metres in MIDD009 and 2 metres at 0.29% Co, 0.67% Cu and 0.24g/t Au from 70 metres in MIDD009.

    - Peak values over any one metre interval include 1.85% Co, 1.17% Cu and 2.78g/t Au. A full intercept listing is presented in Table 1 (see link below).

    - The results will now be fully assessed and interpreted followed by planning of any additional drilling required and undertaking preliminary metallurgical studies.

    DIAMOND DRILLING

    Under an agreement signed in May 2017 GEMC can earn up to a 75% interest by spending up to CAD2.5 million on exploration over 36 months. Hammer will operate the joint venture until GEMC has earned a 65% interest.

    Assays from MIDD007 to MIDD010 have now been received. Results from holes MIDD001-MIDD003 and MIDD004-MIDD006 were reported to the ASX on April 20th and June 6th, 2018 respectively.

    The drilling program was designed to test the near surface portion of the Millennium deposit and to provide samples for metallurgical test work. Encouragingly one of the best cobalt intersections from the project to date was intersected in the upper part of the deposit. Refer to the attached table of results and drill hole plans and sections (see link below).

    Following a review of the results of the program additional drilling on the generally higher grade southern portion of the resource will be planned.

    The project is located to the northwest of Cloncurry less than 20 kilometres from the Rocklands Cu-Co-Au deposit.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/7I40P1ED

    Alex Hewlett
    Executive Director & CEO
    
    Russell Davis
    Executive Chairman
    T: +61-8-6369-1195
    E: info@hammermetals.com.au
    www.hammermetals.com.au

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    Thomson Resources Ltd (ASX:TMZ) provides the Company's exploration update.

    - Soil surveys enhance gold potential at Harry Smith

    - Drill planning underway for Harry Smith Gold and Bygoo Tin projects

    Harry Smith Gold Project (EL8531)

    Planning is underway for follow-up work at the Harry Smith Gold Project where differential GPS surveys taken during the last program has allowed location of historic soil geochemical data. Around 1,100 samples were collected in 1994-95 and assayed from four prospects.

    The samples were taken from around 30cm depth after the top 10-20cm were removed (due to potential deposition of windblown sand and dust). All samples were collected on local grids and have now been updated to the Map Grid of Australia using geo-referencing with the aid of DGPS data and aerial photography. Results have been described in Annual Exploration Reports to the NSW Geological Survey (available online under EL 3947).

    The data at Harry Smith shows extensive gold-in-soil anomalism, concentrated in two 500m long trends that coalesce in the area of the small Harry Smith open-cut. Several other anomalies are present, notably to the south and north, which are untested. Thomson Resources drilling in March 2018 (ASX release March 26, 2018) was concentrated on just one branch of the anomaly stretching between the old Harry Smith and Golden Spray workings (see Figure 1 in link below). The next drill round will continue exploring on this trend as well as testing the Silver Spray lode as a priority target.

    Five kilometres to the southeast soil samples were collected over two lines of historic workings at Gladstone and Old Belmore. The soil assays showed a strong anomaly along both lines, with a second line developed to the northeast at Gladstone. The anomaly levels are more subdued than at Harry Smith, possibly due to deeper soil cover, but are still 5-10 times background. Collectively the soil anomalies extend for 1.5km and are open along strike both northwest and southeast. No drill testing is recorded in historic files or reports.

    Both the Harry Smith and Gladstone-Old Belmore gold prospects appear to be related to the Grong Grong granite intrusion which lies to the south (see Figures 3 and 4 in link below). This association is the basis for the Intrusion-Related Gold targeting in the area undertaken by previous explorers (see ASX release of 5 December 2013 by Carpentaria Exploration - ASX:CAP). Typically, IRG deposits would be hosted as sheeted vein systems close to or in the roof zone of fertile granites, which matches closely the position of the current prospects (see Figures 3 and 4 in link below).

    The Silurian age Grong Grong granite is magnetically quiet (blue colour on Figures 3 and 4 (see link below) represents low magnetism) and intrudes magnetic metasediments (the Ordovician Wagga Metamorphics: yellow to red colours). In detail, the Harry Smith and Gladstone-Old Belmore gold prospects appear to reside on magnetic highs running sub-parallel to the interpreted granite boundary, about 500m to 1km north of it (see Figure 4 in link below). This magnetic feature is disrupted by multiple NE-SW "faults" resulting in a jagged pattern.

    Clearly there is potential to discover other gold systems in similar positions to those already known and a program covering follow-up drilling at Harry Smith and more regional exploration is being finalised.

    Bygoo Tin Project

    Planning is also well advanced for the next stage of drilling at the Bygoo Tin project which will seek to extend and define the new discoveries at Bygoo North, South and Bald Hill. Drilling is expected to commence in the next quarter.

    Bygoo Tin Project

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

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

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

    [For further information and the detail of the above see Thomson Resources ASX Releases of 21 November 2016, 28 June 2017, 16 October, 2017 and 5 April 2018]

    To view figures, please visit:
    http://abnnewswire.net/lnk/55Y35F7I

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

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    Castillo Copper Limited (ASX:CCZ) is exploring the high grade Cangai copper project in New South Wales. The project was mined more than 100 years ago, which saw exceptionally high-grade copper (13% Cu) mined, as well as silver and gold credits.

    What else do we know about Cangai? With the exception of a period during the 1980s when major miners WMC and CRA (Rio Tinto) undertook limited exploration, since its closure a century ago, the site has remained largely unexplored - despite the excellent surrounding infrastructure, a skilled workforce within driving distance (just an hour by road from Grafton) and, most importantly, significant copper mineralisation clearly visible around the old workings (refer to virtual site trip video).

    What work has Castillo completed recently? Last year Castillo announced a maiden JORC resource for Cangai of 3.2 Mt at 3.35% Cu. Castillo has since completed and exploration drill program earlier this year, noting numerous promising copper intersections. The company has also just announced a follow up 39 drill holes exploration drill program, focused predominately on the supergene ore area.

    Is there other potential at Cangai? The Smelter Creek stockpiles are about one kilometre from Cangai. Given the exceptional high grade historical ore processed at this site and the poor metallurgical technology available at that time, it's likely significant mineralisation remains. Castillo has announced an initial 4 hole drill program at Smelter Creek whilst they have also had a number of enquiries from prospective off-take partners.

    Broken Hill cobalt asset: as well as the Cangai project, Castillo has an early-stage cobalt project at Broken Hill, immediately north of Cobalt Blues (ASX:COB) (- market cap. $125 million) Thackaringa project. Castillo recently released a desktop study for Thackaringa which identified six highly prospective sites for cobalt mineralisation. Work is on-going at the Broken Hill project.

    Valuation catalysts: the company will release a number of key announcements in the second half of this year, including the following.

    - Drilling at Cangai deposit - commence shortly.

    - Drilling at Smelter Creek stockpiles - commence shortly.

    - Assay results - 3Q18.

    - Metallurgical testwork (Smelter Creek) - 2H18.

    - Field exploration at Broken Hill - commencing 2H18.

    Analyst comments: given the clear evidence of copper mineralisation around the historical Cangai mine site, as well as its proximity to world-class infrastructure and a skilled workforce, it's surprising the project has remained idle for so long. However, with an aggressive 39 drill-hole program exploration program to commence shortly, Castillo is looking to quickly change this.

    Unlike the initial program, which targeted deep mineralisation, this one is focusing on the shallower supergene material surrounding the historical workings. We believe this, as well as the use of smaller drill rigs better suited to the surrounding terrain, is likely to produce improved exploration results in comparisons to the first exploration program. Assuming exploration success, a resource upgrade at Cangai is likely in the near future.

    In addition to Cangai, drilling will also take place at the Smelter Creek stockpiles. We were impressed by the potential there (as discussed above) and believe the results of this program may surprise on the upside. Longer term, the potential of the stockpiles will however be determined by the metallurgical testwork which is due to commence shortly after drilling.

    In addition to Cangai/Smelter Creek, Castillo's Broken Hill cobalt project holds significant blue sky potential for shareholders. Given their neighbours COB recent announcement a strategic partnership with LG International (one of the world's largest lithium-ion battery makers), this alone we believe should add value to Castillo's long-term share price, particularly as work ramps up in the near future.

    To view the video, please visit:
    http://www.abnnewswire.net/press/en/93531/CCZ

    Adam Kiley
    Director
    TSI Capital Pty Ltd
    E: adam.kiley@tsicapital.com.au

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    Intermin Resources Limited (ASX:IRC) provides the Company's Gold Coast Investment Showcase Presentation.

    Asset overview

    - High quality gold assets in the heart of the WA goldfields

    - 100% ownership of 890km2on Bardoc, Abattoir, Ida and Zuleika shear zones -590km2acquired in last 18 months

    - Walk up drill targets for new discovery exploration

    - Existing JORC 2012 Resource of 434,000oz grading 2.12g/t (see Note 1 below)

    - Comprehensive regional geological database

    - Assets close to existing third party milling infrastructure

    - Strategic joint ventures in place at no cost to Intermin covering 350km2in WA and a world-class vanadium resource in Queensland (1,500km2)

    Company overview

    - High quality landholding in the Goldfields of Western Australia

    - Strong leadership with extensive mining, exploration and corporate management experience

    - Generating near-term cash by developing gold projects via third party infrastructure

    - Cash and tradeable securities of $11.1M and no debt (see Note 2 below)

    - Building a long term gold production profile

    - Fully funded 55,000m resource growth and new discovery drill program for 2018 well underway

    - Pursuing regional consolidation opportunities of high potential exploration and development assets

    - Joint ventures for multi-commodity non-core projects across several regions with quality partners

    "Growth strategy centered on discovery and resource expansion through self funded exploration."

    Notes:

    1. As announced to the ASX on 13 March 2018, see also JORC Table, Notes and Competent Persons Statement on Slide 2 in link below

    2. As at 31 March 2018, as announced to the ASX on 30 April 2018

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

    Jon Price MSc (Mineral Economics) MAusIMM, MAICD
    Managing Director
    T: +61-8-9386-9534
    F: +61-8-9389-1597
    E: admin@intermin.com.au
    W: www.intermin.com.au

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    EON NRG Ltd (ASX:E2E) (OTCMKTS:ICRMF) provides the Company's latest Presentation.

    Company Highlights 2017/18

    Borie Field Acquisition

    - Purchased for US$0.9M with Proved Developed Producing (PDP) PV10 valuation of US$2.224M (see Note 1 below)

    - Two new wells to drill (Proved Undeveloped (PUD) net reserves of 92 MBO per well with a PV10 value of US$1.3M per well (see Note 1 below)

    - Identified a potential Niobrara resource play within leases

    - ImpIemented secondary recovery

    Silvertip Recompletions

    - 162% ROI from 15 shallow gas wellbores recompleted since Q4-2016

    - Identified a number of additional PDNP gas recompletions

    Debt Paid Down

    - Total debt was reduced by US$1.4M in 2017

    - Loan facilities were renewed with risk premium of 0.5% over Prime Rate (all up cost interest rate of 5.25% as at 30-Apr-20i8)

    Financial Results

    - The Group recorded a positive 2017 net profit after tax of US$583k

    - The Group recorded its 7th successive positive EBITDA result in 2017

    - Q1-2018 positive cash flow of US$83k after all payments (including debt servicing)

    Investment Drivers

    Value Creation

    - Powder River Basin (PRB) prospects leading to drilling program with the potential to deliver 2.22 ROI (see Note 2 below)

    - Targeting high impact conventional oil wells, strong economics, supported geology and rejuvenation of proven plays

    - Diversification into battery mineral exploration - pursuing low cost, high impact prospects (land acquisition phase)

    NearTerm Growth

    - Generating exploration prospects with >1 MMBO potential (Powder River Basin - Muddy/Minnelusa)

    - Management has proven experience of implementing exploration programs through successful drilling in multiple US Basins, including Minnelusa wells in PRB

    Delivering Value Accretion

    - Focus on building land holdings with development potential, certifying reserves and resources and creating a robust well drilling program

    - Implement full scale development of Eon's discoveries

    Notes:

    1. Per independent certified reservoir engineer estimate based on average forward oil price of US$53/Bbl

    2. ROI - Return on Investment (Discounted cash flow)

    To view the full presentation, please visit:
    http://abnnewswire.net/lnk/0TLGJ2Y5

    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

    0 0

    White Rock Minerals Ltd (ASX:WRM) ("White Rock" or the "Company") is pleased to announce that orientation geophysics at its 100% owned high-grade zinc VMS project at Red Mountain in Alaska has confirmed that the Dry Creek massive sulphide mineralisation is coincident with strong conductivity anomalies that are identified using both the CSAMT geophysics exploration tool (see Figure 1 in link below) and time domain electromagnetics geophysics ("EM"). This successful orientation work allows White Rock to progress with confidence in applying the more rapid acquisition of CSAMT data across priority target areas, prior to drill testing.

    - Drilling to test for down dip extensions at the Dry Creek zinc VMS deposit intersects massive sulphide mineralisation at the Discovery lens,

    - Drill hole DC18-79 intersects 6.1m (downhole) with abundant visual zinc (sphalerite) and lead (galena) mineralisation,

    - Orientation geophysics confirms strong conductivity anomalies are coincident with massive sulphide mineralisation,

    - CSAMT geophysics surveys have now commenced across other high priority target areas ahead of drill testing and potentially future discoveries.

    At Dry Creek, the first drill hole (DC18-79) at the Discovery zone targeted the down-dip extension of the Resource. Drilling intersected massive sulphide mineralisation with abundant sphalerite (zinc), pyrite and galena (lead) from 230.6 to 236.7 metres (6.1m) downhole (estimated true width of 3.9m) (see Figure 2 in link below). This hole is some 60 metres from the nearest hole (DC97-26).

    Figure 1 (see link below) highlights the coincidence of the CSAMT conductivity anomaly with massive sulphide mineralisation intersected in historic drill holes at the Discovery lens. Drill hole DC18-79 intersected the massive sulphide zone of abundant sphalerite and galena in the core of the CSAMT anomaly. The coincidence of conductivity and massive sulphide mineralisation rich in sphalerite provides confidence in applying the CSAMT technique to define other targets for drill testing in new prospective areas prioritised by favourable geological observations and anomalous surface geochemistry.

    MD & CEO Matt Gill said "We are delighted with the results of the orientation geophysics. The stark conductivity anomaly results seen and their coincidence with known massive sulphide mineralisation gives White Rock a powerful exploration tool with which to identify new targets for drill testing, hopefully leading to resource expansion and the discovery of new deposits. Further, this latest drill hole intercept of massive sulphides supports our belief that there is further potential for the discovery of more high-grade VMS mineralisation and that this resource is also open down-dip."

    About Red Mountain (as more fully set out in the ASX Announcement dated 15 February 2016)

    - The Red Mountain Project is located in central Alaska, 100km south of Fairbanks, in the Bonnifield Mining District. The tenement package comprises 230 mining claims over a total area of 143km2.

    - The Red Mountain Project contains polymetallic VMS mineralisation rich in zinc, silver and lead, with potential for significant gold and copper.

    - Mineralisation occurs from surface and is open along strike and down-dip.

    - White Rock used historical drilling to determine a maiden JORC 2012 Mineral Resource estimate for the Dry Creek and West Tundra Flats deposit (ASX Announcement 26th April 2017). The Inferred Mineral Resource contains an impressive base metal and precious metal content with 678,000t zinc, 286,000t lead, 53.5 million ounces silver and 352,000 ounces gold.

    - Good preliminary metallurgical recoveries of >90% zinc, >75% lead, >80% gold, >70% silver and >70% copper.

    - Previous drilling highlights (ASX Announcement 15th February 2016) include:

    Dry Creek

    o 4.6m @ 23.5% Zn, 531g/t Ag, 8.5% Pb, 1.5g/t Au & 1.0% Cu from 6.1m

    o 5.5m @ 25.9% Zn, 346g/t Ag, 11.7% Pb, 2.5g/t Au & 0.9% Cu from 69.5m

    o 7.1m @ 15.1% Zn, 334g/t Ag, 6.8% Pb, 0.9g/t Au & 0.3% Cu from39.1m

    West Tundra Flats

    o 1.3m @ 21.0% Zn, 796g/t Ag,9.2% Pb, 10.2g/t Au & 0.6% Cu from 58.6m

    o 3.0m @ 7.3% Zn, 796g/t Ag, 4.3% Pb, 1.1g/t Au & 0.2% Cu from160.9m

    o 1.7m @ 11.4% Zn, 372g/t Ag, 6.0% Pb, 1.7g/t Au & 0.2% Cu from 104.3m

    - VMS deposits typically occur in clusters ("VMS camps"). Deposit sizes within camps typically follow a log normal distribution, and deposits within camps typically occur at regular spacing. The known deposits at Dry Creek and West Tundra Flats provide valuable information with which to vector and target additional new deposits within the Red Mountain camp.

    - Interpretation of the geologic setting indicates conditions that enhance the prospectivity for gold-rich mineralisation within the VMS system at Red Mountain. Gold mineralisation is usually found at the top of VMS base metal deposits or adjacent in the overlying sediments. Gold bearing host rocks are commonly not enriched in base metals and consequently often missed during early exploration sampling. This provides an exciting opportunity for potential further discoveries at Red Mountain.

    - White Rock sees significant discovery potential, given the lack of modern day exploration at Red Mountain. This is further enhanced by the very nature of VMS clustering in camps, and the potentially large areas over which these can occur.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/C5TGG458

    Matthew Gill (Managing Director & CEO)
    Phone: +61-3-5331-4644
    E-mail: info@whiterockminerals.com.au
    
    Shane Turner (Company Secretary)
    Phone: +61-3-5331-4644
    Website: www.whiterockminerals.com.au

    0 0

    MMJ PhytoTech Limited (ASX:MMJ) ("MMJ") notes significant progress made overnight with the Canadian Federal Government's Bill C-45 (The Cannabis Act) being approved by the Senate and moving through to the final approval stage of Royal Assent.

    MMJ CEO comments

    MMJ's CEO Jason Conroy commented that "We are very pleased that the federal legalisation of recreational cannabis in Canada is imminent and our portfolio is well positioned to participate in that large market opportunity."

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

    0 0

    Oventus Medical Ltd (ASX:OVN) is pleased to provide a copy of its latest newsletter for investors.

    Key highlights from the newsletter include:

    - An overview of the initiatives underway to roll Oventus' technology out into the dental and sleep channels in Australia and the USA

    - An introduction to new Oventus USA team members, including an interview with Robin Randolf, Vice President of Marketing and Operations for Oventus in North America

    - A product, research and development (R&D) and clinical trials update; and

    - A summary of Oventus' recent and forthcoming events

    To view a copy of the newsletter, investors can visit the Investor News section on the Oventus website or copy and paste the following link into their web browser: http://www.abnnewswire.net/lnk/O74V5870

    About the Oventus O2Vent airway technology

    The Oventus O2Vent is an oral appliance device which brings the lower jaw forward (a process commonly referred to as mandibular advancement) and incorporates an opening to the oral cavity to allow breathing through the device airway, bypassing obstructions of the nose and soft palate, stabilising the tongue base and reducing airway collapsibility during sleep.

    Further information can be found on our website: http://oventus.com.au/how-it-works/

    To view the newsletter, please visit:
    http://abnnewswire.net/lnk/E0LQQRFW

    Mr Neil Anderson
    Managing Director and CEO
    M: +61-403-003-475
     
    Jane Lowe
    IR Department
    M: +61-411-117-774 or 
    E: jane.lowe@irdepartment.com.au

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