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Kingston Resources Limited (ASX:KSN) Mick Wilkes Appointed to the Board

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Kingston Resources Limited (ASX:KSN) (Kingston or the Company) is pleased to announce the following changes to the board and management.

Highlights

- High profile industry veteran and proven mine builder Mick Wilkes appointed to Kingston Board

- Commercial Manager Chris Drew promoted to Chief Financial Officer.

Appointment of Non-Executive Director

Highly experienced mining executive Mr Michael (Mick) Wilkes has been appointed as a Non-Executive Director to Kingston. Mr Wilkes is a mining engineer with 35 years' international experience, predominantly in base and precious metals across Asia and Australia. Since 2011, he has been the President and CEO of OceanaGold Corporation (ASX:OGC), a significant gold producer with a market capitalisation of over $2 billion.

Mick's career includes a strong emphasis on operations management and new mine development for base and precious metals, including the successful development and operation of five large greenfield mines in the last 16 years. These include the Sepon Gold and Copper mines in Laos, Prominent Hill mine in South Australia, Didipio mine in the Philippines and the Haile Gold Mine in South Carolina. Mick also spent ten years in various project development roles in Papua New Guinea earlier in his career.

Mick holds a Bachelor of Engineering from the University of Queensland, a Master of Business Administration from Deakin University, and is a member of both the Australian Institute of Mining and Metallurgy and the Australian Institute of Company Directors. In addition, he is the Chair of the Governance Committee and a member of the Administration Committee of the World Gold Council.

"We are delighted to have Mick Wilkes joining the team" commented Kingston's Chairman Tony Wehby. "Mick's experience and track record speaks for itself, his project development skills will be invaluable as we move forward with our strategy at Misima. We look forward to working together and benefitting from the experience he brings."

Appointment of Chief Financial Officer

Kingston's Business and Commercial Manager, Mr Chris Drew, has been promoted to Chief Financial Officer. Chris has been a key member of the Kingston management team since June 2016 playing an instrumental role in the Company's strategy to discover or acquire the mining assets to build a successful mining company.

With over 18 years' experience in the finance sector Chris has an extensive global knowledge of the mining industry supported by over 15 years as an equity research analyst at The Royal Bank of Canada and UBS.

Kingston's Managing Director Andrew Corbett commented "Formalising Chris Drew's appointment as CFO recognises his success acting in that role since the Company was recapitalised in 2016. During that time we've transformed the company from a grass-roots lithium player into a gold explorer and developer with the world-class Misima Gold Project, and Chris has played a key role in that transformation.

"As a company we think now is the time to expand our board and management skills to allow us to rapidly progress the Misima gold project. Exploration is progressing well and we look forward to bringing more good news to the market in the coming months."

To view figures, please visit:
http://abnnewswire.net/lnk/3UPAW35Y

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

Intermin Resources Limited (ASX:IRC) Excellent Initial Drilling Results from Binduli Gold Project

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Intermin Resources Limited (ASX:IRC) ("Intermin" or the "Company") is pleased to announce excellent initial reverse circulation ("RC") drilling results from the 100% owned Binduli gold project, located 9km west of Kalgoorlie-Boulder in the heart of the Western Australian goldfields (see Figure 1 in link below).

HIGHLIGHTS

- Initial resource drilling completed at the 100% owned Binduli gold project area, 9km west of Kalgoorlie in the Western Australian goldfields

- To date, assays have been received from 25 Reverse Circulation holes or approximately half of the current program

- Significant downhole intercepts received to date from the Crake prospect include(see Note 1, 2 below):

o 28m @ 3.30g/t Au from 56m including 4m @ 15.10g/t Au from 64m (BRC18020)

o 20m @ 4.57g/t Au from 68m including 8m @ 8.38g/t Au from 80m (BRC18043)

o 28m @ 2.43 g/t Au from 104m including 8m @ 5.87 g/t Au from 124m (BRC18024)

o 36m @ 1.19g/t Au from 52m (BRC18034)

o 4m @ 3.24g/t Au from 48m, 16m @ 1.24g/t Au from 76m and 4m @ 1.29g/t Au from 108m (BRC18027)

o 18m @ 1.75g/t Au from 72m (BRC18029)

o 16m @ 1.81 g/t Au from 32m (BRC18033)

- Results show significant gold mineralisation over a 250m strike length and remains open along strike and at depth

- The geology is dominated by a large porphyry intrusive with significant zones of high grade gold mineralisation at relatively shallow depths

- Crake one of five high priority prospects at Binduli that have had limited drilling and remain relatively untested at depth

- A total of 5,000m was planned within the project area with 1m splits and further assay results expected in July and August

- Follow up drilling planned for the September and December quarters

- Binduli now joins Teal, Anthill and Blister Dam as a key project area for resource expansion and testing for new discoveries

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

"To be intersecting excellent width and grade at relatively shallow depths in our initial program at Crake is extremely encouraging and we look forward to receiving the remaining assays from the drilling program in coming weeks and compiling an initial resource model."

"The Binduli project area now joins Teal, Anthill and Blister Dam as a key asset in our gold portfolio with these drilling results providing growing confidence to accelerate further drilling at Crake and the other four priority prospects within this world class gold producing region."

Overview

In February 2018 Intermin commenced a self-funded $4M, 55,000m drilling program across its 100% owned Kalgoorlie gold projects. The major drill program is focussed on new discoveries and resource extensions at the key Teal, Anthill and Blister Dam gold projects.

In March 2018, the Binduli joint venture tenements were returned to Intermin on a 100% basis with the Company commencing an initial 5,000m RC program at the Crake prospect shortly thereafter.

Crake Prospect

The geology at Crake is similar to the 390,000 ounce Janet Ivy open cut pit(see Note 3 below) approximately 1,500m to the south where the gold is hosted in a structurally controlled feldspar porphyry. At the nearby Fort William and Fort Scott open cut pits, where more than 100,000 ounces have been produced to date(see Note 3 below), gold is hosted within sheared units of volcanics and clastic sediments.

To date, 4m composite assays for 25 of the planned 57 holes have been received covering 2,560m of the 5,000m program (see Figure 3 in link below) with single meter splits and further results expected in July and August.

The drilling has highlighted a variably altered pink porphyry with minor amounts of pyrite and magnetite. Higher grades usually coincide with stronger pyrite mineralisation (up to 3% by volume). Panning the high grade interval in drill hole BRC18020 (4m @ 15.1 g/t Au) from the Crake prospect yielded significant coarse free gold (see Figure 2 in link below).

The high grade zones appear promising with several new areas now identified. BRC18024 (including 8m @ 5.87 g/t Au) was the most western hole drilled and was targeted oblique (048deg) to the historic hole (IRB9002 4m @ 16.84 g/t Au from 120m - see Note 4 below) which was drilled to the north (360deg). Initial interpretation suggests the high grade zones are related to cross cutting structures.

The mineralisation is open at depth as well as along strike to the north. In particular BRC18033 (16m @ 1.81 g/t Au from 32m) was located in an area to the north that was untested and previously thought barren. Additional drilling to improve the structural understanding of the geology is now being planned for the September and December quarters.

Next Steps

Following the receipt of the remaining drilling results and 1m split assays in July and August, an accelerated structural and extensional drilling program will be designed to test Crake as well as other high priority prospects within the Binduli project area. The new data will also be used to compile a new resource model for Crake.

Given the strong results to date, an additional rig will be required to complete the upcoming drilling at Binduli in the September and December quarters with the existing rigs now completing the 14,000m program at Anthill followed by the 14,000m program at Blister Dam.

Notes:

1 see Table 1 on Page 5, Competent Persons Statements on Page 6, Forward Looking Statement on Page 7 and JORC Tables on Page 8

2 denotes 4m composites only with 1m split assays yet to be received

3 As announced to the ASX on 21 November 2017

4 as announced to the ASX on 19 February 2018

To view tables and figures, please visit:
http://abnnewswire.net/lnk/1GT119HG

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

Regeneus Ltd (ASX:RGS) US Patent Office to Allow Key Patent for Progenza

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Regeneus (ASX:RGS), a clinical-stage regenerative medicine company, today announced that the United States Patent Office has issued a notice of allowance for issuance of a patent covering the composition and use of Progenza.

Issuance of the patent for United States Patent Application No. 14/342479 entitled 'Therapeutics using adipose cells and cell secretions' will provide commercial rights in the United States through to 2032. Corresponding patents have been granted in Australia and Japan and are being pursued for grant in other key territories including Europe.

Progenza is the company's lead cell therapy technology platform being developed for the treatment of osteoarthritis and other musculoskeletal diseases. It has the potential to be used for other inflammatory diseases that have limited treatment options.

Progenza is made from expanded allogeneic mesenchymal stem cells (MSCs) from human adipose tissue and contains the bioactive secretions of the cells. Progenza cells work by secreting cytokines, growth factors and exosomes to reduce inflammation and pain and promote healing and repair in the damaged or diseased tissue. It is a scalable technology that has the demonstrated capability to produce millions of doses of cells from a single donor.

In December 2016, Regeneus announced a strategic collaboration and licensing agreement with AGC of Japan, a leading global biopharmaceutical manufacturer, for the exclusive rights to manufacture Progenza for all clinical applications in Japan. Regeneus is in advanced negotiations with potential clinical licensees of Progenza for Japan.

Regeneus has in excess of 70 patents or patent applications across multiple patent families which provides a substantial competitive advantage for the company's product pipeline.

Sandra McIntosh
Investor Relations
T: +61-2-9499-8010
E: investors@regeneus.com.au
W: www.regeneus.com.au

White Rock Minerals Ltd (ASX:WRM) Enters into Strategic Relationship with Sandfire

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White Rock Minerals Limited (ASX:WRM) (White Rock) is pleased to announce a cornerstone investment and strategic relationship with Sandfire Resources NL (ASX:SFR) (Sandfire). The parties have entered into a subscription agreement to formalise this strategic relationship in relation to White Rock's globally significant high-grade zinc VMS Red Mountain Project in Alaska (Red Mountain Project).

This agreement enables the Company to benefit from Sandfire's significant technical expertise to develop the Red Mountain Project as well as further strategic support as the Company moves to unlock the potential from its large strategic land holding.

MD & CEO Matt Gill said "White Rock welcomes Sandfire as a strategic partner and cornerstone investor that shares White Rock's vision for the exploration and development of the Red Mountain Project. Securing a high-quality partner with world leading expertise in the exploration and development of base metals projects is a strong endorsement to the quality and potential of White Rock's globally significant high-grade zinc VMS Red Mountain Project. White Rock looks forward to collaborating with Sandfire Resources as part of this new strategic relationship."

The strategic relationship comprises the following elements:

- A$2.5 million equity placement - a placement of 208,333,334 fully paid ordinary shares in White Rock at A$0.012 (1.2 cents) per share and the issue of 104,166,667 unlisted options to subscribe for White Rock shares to raise A$2.5 million. The issue price of the shares represents a 41% premium over the one-month volume-weighted-average price of White Rock shares (0.85 cents) up to and including 9 July 2018. The options have an exercise price of A$0.02 (2 cents) and expire 3 years from the date of the agreement. Following completion of the share placement, Sandfire will own approximately 14.2% of White Rock. The proceeds will be used to advance exploration activities at the Red Mountain Project and for general working capital purposes. No shareholder approval is required for the placement.

- Technical Collaboration - the formation of a technical committee for the purposes of jointly collaborating in connection with the Red Mountain Project including identifying best options for advancement of the Project.

- Option for Earn-in and Joint Venture over Red Mountain Project - Sandfire will have the right and exclusive option to enter into an earn-in joint venture agreement in relation to the Red Mountain Project, which option may be exercised prior to 31 December 2018. If the option is exercised, the parties will negotiate, agree the form of and enter into an earn-in and joint venture agreement reflecting the following principles:

o Stage 1: Sandfire to fund a total of A$20 million over four years to earn 51%, with a minimum expenditure by Sandfire of A$6 million in Year One.

o Stage 2: Sandfire to fund a further A$10 million and deliver a pre-feasibility study over an additional two years to earn 70%, which may be extended by Sandfire for a further year in certain circumstances.

o Stage 3: White Rock may elect to contribute to the joint venture. If White Rock elects not to contribute, Sandfire can solely fund Stage 3 to earn 80% by completion of a definitive feasibility study.

o Stage 4: White Rock may elect to contribute to the joint venture. If White Rock elects not to contribute, Sandfire will earn 90% and White Rock's 10% interest will be earned from project cash flow.

o Project Management: White Rock is entitled to continue managing the project for at least the first year of the earn-in and to be paid a management fee. Ongoing management responsibility of the project will be subject to annual review and after the first year will be at Sandfire's election.

- Anti-dilution Protection - an anti-dilution right enabling Sandfire to maintain its interest in White Rock, subject to obtaining an appropriate ASX waiver.

- Board Nomination Right - a board nomination right enabling Sandfire to nominate a non-executive director to White Rock's Board should Sandfire's shareholding interest in White Rock reach 15%.

About Sandfire Resources NL:- Sandfire is a leading mid-tier Australian mining company focused on discovering, developing and operating high quality resource assets capable of delivering substantial returns for its shareholders. Sandfire is a leading Australian copper producer which operates the high-grade DeGrussa Copper-Gold Mine, 900 km north of Perth in Western Australia. Sandfire has a growing portfolio of exploration interests and joint ventures in highly prospective mineral provinces around Australia and overseas.

Matthew Gill (Managing Director & CEO)
Phone: +61-3-5331-4644

Shane Turner (Company Secretary)
Phone: +61-3-5331-4644
Email: info@whiterockminerals.com.au
Website: www.whiterockminerals.com.au

Rumble Resources Ltd (ASX:RTR) Drilling Commences at Nemesis Project

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Rumble Resources Ltd (ASX:RTR) ("Rumble" or "the Company") is pleased to announce RC drilling has commenced at the Nemesis Gold Project (M20/33), which is located 40km's north of Cue in the Murchison Goldfields of Western Australia.

Historic Nemesis High Grade Gold Mine Depth Extension

- RC drilling will target high-grade gold mineralisation below the limit of workings at the historic Nemesis Au mine.

o Between 1900-1910, the Nemesis gold mine produced 7157oz of gold from 2276 ton of ore at an average grade of 98 g/t Au

o No historic drilling at Nemesis has previously tested the depth extension to the Nemesis mine workings.

Nemesis Shear Zone

- Both east and west along strike from the Nemesis Au mine, RC drill holes will target areas of historic elevated Au in soil anomalism and known small scale workings associated with the Nemesis Shear Zone.

o The Nemesis Shear Zone extends under a laterite plateau to the east and has not been drill tested and Au in soil anomalism has not been drilled tested to the west.

Nemesis High-Grade Gold Mine

Historic production of the Nemesis gold mine was in two stages. Refer ASX announcement dated 2 May 2018 for further detail including open file reference.

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

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

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

The historic workings at the Nemesis Au mine have been worked to a maximum depth of 70m with three steep plunging high-grade gold (average grade of 98 g/t Au) shoots (85deg to the east) over a strike length of 60m - See image 2 and Image 3 in link below. The shoots are inferred to be stacked and the plunge of the stacking is moderate to the east.

Historic RC drilling along strike to the east was very shallow (maximum vertical depth of 35m) and did not test the plunging mineralisation.

The gold mineralisation style is quartz vein hosted and BIF/mafic volcanic sulphidation zones associated with the Nemesis Shear (Mesothermal Orogenic Au Mineralisation).

Rumble will target the depth extension of the main high-grade gold zone with up to 3 RC drill-holes. Image 3 (see link below) highlights the known extent of the underground works of the Nemesis Gold mine and the potential target zone.

Nemesis Shear Zone Strike Extension

Gold in soil anomalism (historic) and small-scale workings highlight the Nemesis Shear Zone. Image 2 (see link below) shows the approximate location of the proposed RC drill-holes east and west of the main Nemesis Au mine.

To view figures, please visit:
http://abnnewswire.net/lnk/7Y42GC8C

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

FINANCE VIDEO: ALT Resources Ltd (ASX:ARS) Bottle Creek Flyover and Interview with CEO James Anderson

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ALT Resources Ltd (ASX:ARS) CEO James Anderson is interviewed by ABN Newswire over the recent drilling activity at the company's flagship project Bottle Creek.

The company has benefited from previous capital expenditure of approximately AUD$20 Million and is progressing the project towards feasibility with extensive drilling.

The video interview includes a "flyover" of the project and shows the recent work that has been carried out in preparation for a resource definition.

With historical high grades at Bottle Creek, the company is set to progress to mining in the near term.

To view the interview and flyover, please visit:
http://www.abnnewswire.net/press/en/93790/ars

James Anderson
CEO Alt Resources Ltd
E: james.anderson@altresources.com.au

Peter Taylor
Investor Relations
E: peter@nwrcommunications.com.au
M: +61-412-036-231

Carnarvon Petroleum Limited (ASX:CVN) Quarterly Report June 2018

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Carnarvon Petroleum Limited (ASX:CVN) (OTCMKTS:CVONF) provides the Company's Quarterly Report June 2018.

Quarter Highlights:

- Phoenix South-3 and Dorado-1 wells commenced and are near the primary target Caley Sandstone

- Preparations commenced to drill the Buffalo-10 well - the first step to redevelop the Buffalo oil field

- Successful completion of capital raise to progress the Company's Buffalo project plans

- A$63.6 million held in cash at the end of the quarter with A$3.9m exploration spend

Managing Director's Comments

During the quarter, Carnarvon and its Joint Venture partner Quadrant Energy, commenced drilling the Phoenix South-3 and Dorando-1 wells in the Bedout Sub-basin of the Australian North West Shelf. With an existing string of discoveries and successful flow test in the Phoenix area, the objective of these wells is to confirm commercial quantities of gas and condensate (very light oil) to underpin a development in the area.

At the end of the quarter, both of these wells were setting the final casing point prior to drilling into the target Caley reservoir sections. With great excitement, Carnarvon is expecting to announce the results of the Phoenix South-3 and Dorado-1 wells in the coming weeks. These wells are targeting significant quantities of gas and condensate which has the potential to deliver significant value to shareholders.

In relation to corporate matters, I would like to welcome new shareholders and thank existing shareholders for their participation in our recent capital raise. Carnarvon raised approximately $20 million (before costs) through a placement and a share purchase plan. The raising strengthened the Company's cash position and will enable Carnarvon to pursue its plans in the Buffalo oil field redevelopment.

Carnarvon has initiated preparations to drill the Buffalo-10 in 2019 well which will be completed to be a production well. The Company is in the process of designing the well and has commenced the environmental approvals process. Carnarvon has also commenced a number of workflows to enable the Company to operate the drilling, field development and production of the Buffalo oil. Given the relative simplicity of this project and the fact that it has the potential to deliver significant value to shareholders at a low risk, Carnarvon is aiming to undertake this project with the maximum possible equity.

The Carnarvon team is continuing to work with the governments of Timor-Leste and Australia to finalise the arrangements whereby the Buffalo oil field will fall under the exclusive jurisdiction of Timor-Leste. Under the newly signed Maritime Treaty between the nations, it has been agreed that the fiscal terms for the Buffalo project are to be equivalent to those in place under Australian domestic law. Carnarvon is well underway to being established in Timor-Leste with an office presence in Dili and the appointment of local Timorese representatives.

At the end of the quarter, the Company had a cash balance of A$63.6 million. Carnarvon prides itself of prudently managing its financial resources to ensure we remain well funded after the Phoenix South-3, Dorado-1 and Buffalo-10 wells. It is encouraging to have a number of maturing assets in our portfolio as global oil and gas prices continue to strengthen.

To view the full report, please visit:
http://abnnewswire.net/lnk/IUC8RJ1O

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

McEwen Mining Inc. (NYSE:MUX) Files Fenix Preliminary Economic Assessment - Extends El Gallo Mine Life by 12 Years

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McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) ("McEwen Mining" or the "Company") reports that it has filed the new Preliminary Economic Assessment prepared in accordance with National Instrument 43-101 ("NI 43-101") on its 100% owned El Gallo Complex (the "PEA").

Some of the details in the PEA document filed today differ from those disclosed in the news release dated May 25, 2018 entitled "McEwen Mining Announces New Preliminary Economic Assessment - Extending Life An Additional 10 Years in Mexico." Please disregard the May 25, 2018 news release.

The differences are listed in link below.

The PEA is available for review on our website and SEDAR (http://www.sedar.com).

This PEA study evaluates the potential extension of production from the El Gallo Complex in Sinaloa, Mexico. The proposed development plan evaluated in the PEA is called Project Fenix. The key outcomes of Project Fenix include an average annual production rate of 47,000 ounces gold equivalent (AuEq), a 12-year mine life, low initial capital cost of $41 million, mine pay-back of 4.1 years, and an after-tax IRR of 28% at current gold and silver prices.

Summary of the Project Fenix (Base Case) PEA at $1,250/oz gold and $16/oz silver prices(1)(2):

- Estimated initial capital cost of $41 million for Phase 1 and $30 million for Phase 2

- Pay-back period of 4.1 years

- 28% after-tax IRR and $60 million NPV at 5% discount rate

- $12.7 million of average annual cash flow from operations from year 2 onwards

- 47,000 ounces average annual AuEq production

- Cash cost of $704 and $857 per ounce AuEq for Phases 1 and 2 respectively

- 12-year Life-of-Mine (LOM)

- Updated resource estimate totaling 13 million tonnes at an average grade of 0.39 g/t gold and 77 g/t silver (Measured and Indicated) containing 591,000 oz AuEq, and 5.7 million tonnes at an average grade of 0.81 g/t gold and 27 g/t silver (Inferred) containing 214,000 oz AuEq

The PEA was prepared by GR Engineering Services Limited (GRES), an engineering, consulting and contracting company, under the direction of McEwen Mining in accordance with the requirements of Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101"). Contact details for GRES can be found after the footnotes below.

Financial Analysis

The project base case generates an after-tax net present value (NPV5%) of $60 million, an IRR of 28%, and an annual average after-tax cash flow from operations of $12.7 million per year of operation after the completion of Phase 2.

http://abnnewswire.net/lnk/696S6QSM

Mining and Processing Details

The Fenix Project involves a two-phase development process. Phase 1 includes the reprocessing of material on the gold heap leach pad at the existing El Gallo Gold Mine, and Phase 2 includes the processing of open pit gold and silver mineralization from several deposits including El Gallo Silver, Palmarito, El Encuentro and Carrisalejo.

The process plant would use conventional and proven mineral processing and precious metals recovery technologies. Phase 1 would have athroughput rate of 5,000 tonnes per day (tpd). During Phase 2 fresh mineralized material from the higher grade silver deposits (El Gallo Silver primarily) can only be processed at a maximum of 3,250 tpd.

The selected process recovery methods are based on separate treatment of heap leach material (Phase 1) and fresh mineralised material from other deposits (Phase 2). Phase 1 operation would target gold recovery from the heap leach pad material using a conventional ball grinding mill and a hybrid carbon-in-leach (CIL) circuit to recover gold onto activated carbon. Industry standard elution, electrowinning and smelting circuits would be used to produce a doré product.

In Phase 2 the process facility would be modified to enable treatment of mineralized material from El Gallo Silver followed by other deposits in the complex. Phase 2 operations would employ conventional flotation technology followed by intensive leaching and zinc precipitation using the Merrill Crowe process for silver and gold recovery. The Phase 1 CIL plant would continue to be used for leaching of the flotation tailings to maximize overall silver recoveries during Phase 2.Phase 2 would also use the existing three stage crushing plant to prepare material for delivery to the grinding circuit.

Tailings produced during the operation would be stored in a mined-out open pit at the El Gallo Gold Mine. As part of this process, tailings deposition would include a delivery system designed to maximize tailings consolidation and water recovery.

The proposed process plant and the El Gallo Silver deposit are separated by about 6.5 km; requiring construction of a dedicated haul road for the transport of mineralized material. A new substation and power line would connect both projects to the national electrical grid.

Over the mine life, production would total 17.2 million tonnes of mineralized material at an average head grade 1.20 g/t AuEq containing 667 koz AuEq, and recovering a total of 563 koz AuEq. The planned production schedule is shown on Table 2 (see link below).

Capital and Operating Costs

The Fenix Project's low up-front capital requirements are primarily due to:

- Utilizing existing infrastructure at the El Gallo Gold Mine;

- Commissioning a tailings storage facility in an existing pit, and

- Significantly reducing the required leach tank volumes for El Gallo Silver processing.

Phase 1 initial capital expenditure is estimated at $41 million, Phase 2 additional expansion capital expenditure is $30 million, and sustaining capital and closure obligations of $10 million brings the total LOM capital required to $81 million.

Mining and operating costs were estimated based on process design criteria, equipment lease rates, labor, reagent, grid power supply, diesel fuel, explosives, maintenance, and other miscellaneous costs. All costs are in Q1 2018 dollars.

Existing Permits

The current operation at the El Gallo Gold Mine is a fully permitted open pit mine with a heap leach and ADR process facilities. El Gallo Silver and Palmarito are fully permitted for the construction of a CIL mill and drystack tailings facility. Some amendments to the permits are required for Project Fenix.

Future Permitting & Timing

Phase 1 requires amendment of the current permits to include the construction of a mill and leach circuit at the location of the existing El Gallo Gold Mine for the reprocessing of the heap leach pad material. The permit amendment will also include the backfilling of the Samaniego pit with mill tailings as part of an integrated concurrent closure plan for the El Gallo Gold Mine. Phase 2 permitting will require authorization to augment the tailings volume to be stored in the Samaniego pit, and El Gallo Silver permits require amendments to change the processing location to El Gallo Gold.

The Fenix Project has CONAGUA(11) approval for the extraction of groundwater and for the construction of wells.

Advancing the project will require permit amendments and approval by the Federal Environmental Authority (SEMARNAT) for Phase 1 and subsequently for Phase 2.

The Company seeks to obtain approval of the Phase 1 El Gallo permit modifications by Q4 2018 and Phase 2 approvals by Q3 2019. Further project advancement in 2019 is subject to permit approvals.

Resource Estimates

Estimated resources for the Fenix Project are comprised only of material within the boundaries of conceptual pit shells, except for the El Gallo heap leach pad and Palmarito dumps, which are considered available for reprocessing.

Metallurgical Testing

Preliminary metallurgical test work conducted in 2018 indicatedthat the El Gallo Gold heap leach pad material would be amenable todirect cyanidation following conventional grinding. Test work identified moderate levels of soluble copper and zinc.

From 2010 to 2016 extensive metallurgical test work has been conducted on samples from the El Gallo Silver depositusing a direct cyanidation flow sheet. From 2017 to 2018metallurgical test work has been focused onusing conventional flotation techniques toseparate the slower leaching mineralsto enable separate cyanide leaching of bulk flotation concentrate and flotation tailings streams with tailored leach conditions to reduce overall size of the leaching circuit.

Results have proved favorable and a flowsheet incorporating bulk flotation and separate leaching of bulk flotation concentrates and tailings for treatment of El Gallo Silver has been adopted.

Historical test work records have been utilized to gain a preliminary understanding of the remaining resources along with some scopingtest work conducted in 2018 to determine how material from the other higher-gradegold and silver deposits included in the conceptual production schedule would respond to the selected flowsheet.

Results from the scoping tests indicate that the Carrisalejo material will likely perform similarly to El Gallo Silver with respect to silver recovery. Scoping test results showed only modest silver recovery from flotation for the Palmarito sample. However, separate cyanide leaching of the bulk flotation concentrates and flotation tailings streams achieved positive results. The treatment process for Palmarito and Carrisalejo open pit material has therefore been assumed to be similar to El Gallo Silver pending confirmation through additional sampling and metallurgical test work.

For the PEA metallurgical samples selected for testing were assumed to be representative. Note that the Palmarito, Carrisalejo and El Encuentro deposits included in the production schedule have only been subjected to scoping level metallurgical test work using the selected process flowsheet. Further sampling and test work is required to better understand the response of each of the deposits to the selected flowsheet.

Exploration

In recent years, exploration efforts at the El Gallo Complex have focused on both near-mine and property-wide targets. Near-mine drilling efforts have been successful in delineating and extending mineralization near the Samaniego and Sagrado Corazon pits. The new gold mineralization generally contains sulfides that could be processed in the Phase 2 process plant. At the property scale significant mineralization has been confirmed at the El Encuentro zone, which is located 10 km from the El Gallo Gold Mine.

A property-wide soil geochemical survey was completed earlier this year and results indicate the potential for extensions of known zones of sulfide mineralization. In addition, multiple targets were identified from the survey, and field evaluation and ranking of targets for drill testing is in progress.

Further Optimization, Cost Reductions and Project Potential

The Company believes there are opportunities to further improve the economics of the Fenix Project through ongoing testing and trade-off studies that will be continued throughout 2018.

Capital cost estimates for the project are to a level of accuracy that is consistent with a PEA technical report. During the next 14 months we will continue to review mineral processing, mine sequencing, material transportation and tailings disposal options; and the flow sheet will be optimized by undertaking trade-off studies, update cost models and additional metallurgical testwork.

FOOTNOTES

(1) All amounts are in U.S. Dollars. "g/t" means grams per metric tonne, "oz" means ounce(s), "IRR" means Internal Rate of Return, "LOM" means life-of-mine.

(2) All references to AuEq are based on a 75 Ag oz to 1 Au oz ratio.

(3) The heap leach pad spent ore resource number assumes a cutoff grade that permits processing of the entire pad whereas blocks within the leach pad model will be mobilized while mining which will make them difficult to segregate; sub-cutoff leach pad material will inherently have potential acid generating sulfide liabilities if placed in our waste dumps and so it will be prudent to process the entire leach pad and place tailings in the Samaniego pit at an overall environmental and economic benefit.

(4) Production numbers for El Gallo Silver are taken from designed pits from prior studies, which do not differ materially from published optimized pit resource numbers.

(5) Production numbers for Palmarito are also taken from designed pits from prior studies, and do not differ materially from published optimized pit resource numbers.

(6) Cash cost is calculated by dividing total life-of-mine production costs by total ounces produced.

(7) All-in sustaining costs (AISC) is calculated by dividing the sum of all cash costs plus, sustaining capital and reclamation costs by total ounces produced.

(8) There are no sustaining capital costs for Phase 1

(9) Mining of heap leach spent ore requires no drilling or blasting.

(10) The heap leach pad is located immediately adjacent to the proposed plant location requiring no separate haulage costs in addition to mining.

(11) CONAGUA is the Mexican federal water authority (Comision Nacional del Agua).

(12) Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources estimated will be converted into Mineral Reserves. Numbers in the table have been rounded to reflect the accuracy of the estimate and may not sum due to rounding.

(13) Resources stated as contained within a potentially economically minable open pit; pit optimization parameters are: USD$1,250/oz Au, & USD$18.00/oz Ag. Resource models have been developed based on gold and silver recoveries from historical testwork programs, which were based on a different process flow sheet to what has been adopted for the project.

(14) Cutoff Grades vary by pit according to parameters.

Details for GR Engineering Services Limited: GR ENGINEERING SERVICES LIMITED Tel: +61 8 6272 6000 Fax: +61 8 6272 6001 Email: gres@gres.com.au Website: www.gres.com.au PO Box 258, Belmont WA 6984 71 Daly Street, Ascot WA 6104

The PEA is available for review on our website and SEDAR (http://www.sedar.com).

The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management of McEwen Mining Inc.

To view the release with tables, please visit:
http://abnnewswire.net/lnk/CUB1A736

Mihaela Iancu
Investor Relations
T: +1-647-258-0395 ext 320
E: info@mcewenmining.com

Altech Chemicals Ltd (ASX:ATC) Share Purchase Plan Offer

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On 9 July, Altech Chemicals Limited (ASX:ATC), (FRA:A3Y) ACN 125 301 206 (Altech or the Company) announced a $20 million capital raising for commence construction of its high purity alumina (HPA) plant in Malaysia. The shares for the capital raising are priced $0.165 per share, representing an 18.7% discount to the volume weighted average market price of the Company's Shares as traded on the ASX on the 5 trading days immediately prior to the announcement of the capital raising.

Altech is now pleased to provide all existing eligible Shareholders the opportunity to purchase up to $15,000 of new Shares in the Company, via a Share Purchase Plan (SPP). The issue price of Shares offered under the SPP will also be $0.165 per Share.

To be eligible to participate in the SPP, you were required to have been registered as a holder of Altech Shares, with a registered address in Australia and New Zealand, as at 5pm Western Standard Time (WST) on Friday, 6 July 2018 (Record Date). The Company intends to raise a maximum of $3.0 million via the SPP and any funds raised will be applied towards finalising the detailed design of the Company's proposed high purity alumina (HPA) plant, the preparation of the HPA plant site for construction, the commencement of site works, the order of long lead time plant and equipment, and for corporate, administration and working capital purposes.

The Company last conducted a SPP in June 2017; at that time new Shares were offered at a price of $0.11 per Share. The price performance of the Company's Shares, as traded on the Australian Securities Exchange over the preceding year is illustrated in the chart below (see link below).

The offer of Shares under the SPP (Offer) opens on Wednesday 11 July 2018 (Opening Date) and closes at 5.00pm WST on Tuesday 31 July 2018 (Closing Date). No late applications will be accepted, however the directors of the Company (Directors) reserve the right to extend the Closing Date.

The purchase price for each Share under the Offer will $0.165 per Share.

If you are eligible to subscribe for Shares under the Offer and you wish to participate, you may subscribe for Shares as follows:
 
----------------------------------------------------------------------
Offer         Subscription Amount ($A)         Number of new Shares  
----------------------------------------------------------------------
Offer A       $15,000 (maximum)                90,909 
Offer B       $10,000                          60,606 
Offer C       $5,000                           30,303 
Offer D       $2,500                           15,152 
Offer E       $1,000 (minimum)                  6,061  
----------------------------------------------------------------------
You may only subscribe for Shares in the tranches stated above. The Company reserves the right to allot fewer Shares than an eligible Shareholder applies for under the Offer, or no Shares, and any determination by the directors of the Company in respect of any scaling back will be final. If a scale back occurs, the Company will refund any excess application money to eligible Shareholders (without interest).

In the event the Company wishes to allot fewer Shares than an eligible Shareholder applies for, the allocation of Shares to applicant Shareholders will be at the absolute discretion of the Company's directors from time to time.

Please carefully read the terms and conditions (see link below) relating to the Offer, as you will be bound by them.

If you have any questions in respect of the SPP, the Offer, or these terms and conditions please contact Shane Volk (Company Secretary) on (08) 6168 1555, or via e-mail at shane@altechchemicals.com.

To view the terms and conditions, please visit:
http://abnnewswire.net/lnk/1R575TXV

Altech Chemicals Ltd
Iggy Tan, Managing Director
T: +61-8-6168-1555
E: info@altechchemicals.com
WWW: www.altechchemicals.com

The Hydroponics Company Ltd (ASX:THC) Appoints CEO and Strong, Experienced Medicinal Cannabis Leadership Team

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The Hydroponics Company Limited (ASX:THC) (OTCMKTS:HDRPF) (THC or the Company), Australia's leading Medicinal Cannabis company(see Note below), after an extensive executive search, has appointed Ken Charteris as Group Chief Executive Officer (Group CEO), effective 11 July 2018.

Key Points

- Ken Charteris, experienced biotech and pharmaceuticals executive, appointed Group CEO

- Medicinal Cannabis Leadership Team formed - led by Dr Andrew Beehag

- Dr Beehag supported by experienced cannabis and pharmaceuticals team covering the entire process from strain development, to manufacturing oversight, and product affairs

THC has also made some key strategic appointments to its global Medicinal Cannabis business, including Dr Andrew Beehag and Brett Svedinek who join recently appointed Dr Michael Harrison and Katy Williams Day.

As Group CEO, Ken Charteris will lead THC's global corporate strategy, focussing on the build-out of the Company's medicinal cannabis business which has attracted global commercial partners and secured significant growing capacity combined with an industry-leading pharmaceuticals manufacturing facility, as well as THC's global hydroponics business.

Ken is a veteran of multiple biotech and pharmaceutical companies over the past three decades as CEO, Managing Director and Chairman. Having been involved in various senior levels within THC since prior to listing on the ASX, Ken has been instrumental in the execution of the Company's strategic plan, including the acquisition of THC's manufacturing facility and the securing of commercial partnerships with Ascent Industries (North America) and Endoca (Europe).

Medicinal Cannabis Leadership Team

- Dr Andrew Beehag - Lead, Medicinal Cannabis Division

- Katy Williams Day - Product & Regulatory Affairs Manager

- John Hall - Expert in Cannabis Strain Development and Agronomy

- Dr Michael Harrison - API Manager, Southport Manufacturing Facility

- Brett Svedinek, Julie Trask and Pavel Lukl - Management, Southport Manufacturing Facility

Dr Andrew Beehag has been appointed to lead the medicinal cannabis division within THC. Andrew led the establishment of this business at its inception in 2016 including its successful licensing and partnership alliancing with Endoca and BOL Pharma and will continue to build THC's successful investment and partnership strategy gearing up THC to supply to domestic patients and the export market in the near to medium term.

Katy Williams Day, THC's Product and Regulatory Affairs Manager is overseeing the roll-out of THC's imported product to pharmacies, as well as regulatory requirements for future THC-manufactured medicines. Under Andrew and Katy's leadership, THC imported product is expected to become available to Australian patients through the Special Access Schemes and Authorised Prescribers in the coming weeks.

John Hall, a highly respected cannabis cultivator, with over 18 years' experience with cannabis, leads the cannabis strains development and agronomy at THC's licenced Bundaberg cultivation and R&D facility.

Dr Michael Harrison, the API Manager at THC's Southport Manufacturing facility will provide leadership in the development of manufacturing protocols for THC's and as well as exploring toll manufacturing capabilities for other Australian medicinal cannabis companies to utilise excess capacity at THC's Southport Manufacturing facility.

Brett Svedinek will support Dr Harrison as Laboratory Supervisor. He has more than ten years' experience in GMP and Quality Assurance requirements within pharmaceutical manufacturing. Julie Trask and Pavel Lukl have also joined the THC Pharma team as Site Administrator and Operations Technician respectively.

Together, the team provide the required core expertise to gear up commercial production of medicinal cannabis with full TGA and GMP compliance. They will also manage the site's extensive capability in research and development of new cannabis medicines.

Global Hydroponics Business

Jay Colquhoun, the divisional head of the Company's North American Hydroponics Division is an expert in hydroponics equipment design, manufacture, wholesale and retail operations. Jay will continue to grow revenues in THC's successful Crystal Mountain Products business. Ken and Jay will be looking over the near to medium term to take advantage of the expansion of the Canadian hydroponics market due to recent changes to legislation which will see the proliferation of home growers and micro-Licenced Producers. THC is also considering acquisitive growth for its hydroponics division, with a proposed acquisition of a US West Coast hydroponics division under review by Jay and Ken.

Group CEO Remuneration

Ken Charteris will be paid $280,000 per annum plus statutory superannuation. THC will issue Ken with 500,000 Fully Paid Ordinary Shares in THC under the Company's existing Listing Rule 7.1 capacity, as well as Performance Options linked to share price targets as follows:

1,500,000 Performance Options expiring 11 July 2021 exercisable at $0.75 per share - vesting upon THC achieving a two-week Volume Weighted Average Price of $0.75 per share on or before 11 July 2020.

2,500,000 Performance Options expiring 11 July 2021 exercisable at $1.20 per share - vesting upon THC achieving a two-week Volume Weighted Average Price of $1.20 per share on or before 11 July 2020. (together, the Performance Options)

The issue of the Performance Options will be subject to shareholder approval at the next meeting of the Company.

Other terms of Ken's engagement are on terms consistent with engagements of this type.

Chairman, Steven Xu commented:

"The Company conducted an extensive search for a Chief Executive Officer to manage the business and execute the Company's strategy. The Board offered the position to Ken, as he has been involved with the Company since inception and the board believes he is the best person to lead the Company forward.

"Ken has assembled an impressive, experienced team to drive the Company's medicinal cannabis vision forward to ensure success to the benefit of all stakeholders including patients, investors and the medical profession.

"Through the Company's long-term vision, encompassing both local and international manufacturing and distribution, coupled with strong commercial alliances, we believe will assure the Company's success as a leader in the global medicinal cannabis industry."

Note: Assessment based on key peers (CAN, AC8) comparison matrix

Henry Kinstlinger
Joint Company Secretary
The Hydroponics Company Limited
P: +61-2-9251-7177
E: henry.kinstlinger@thcl.com.au

Michael Lovesey
Director Corporate Media Relations
MMR Corporate Services Pty Ltd
P: +61-2-9251-7177
M: +61-449-607-636
E: michaell@mmrcorporate.com

The Hydroponics Company Ltd (ASX:THC) Acquisition Delivers +$16m to Balance Sheet & Medicinal Cannabis Strategy

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The Hydroponics Company Limited (ASX:THC) (OTCMKTS:HDRPF) (THC or the Company), Australia's leading Medicinal Cannabis company(see Note below), provides the following update with respect to a revaluation of the Company's Southport pharmaceutical manufacturing facility of $14.58 million with an unmatched domestic manufacturing capability. THC has to-date secured significant growing capacity, imported products for Australian patients, export and off-take agreements in final stage negotiations, and international commercial partnerships.

Key Points

- Independent market valuation of THC's Southport Manufacturing Facility delivers $16.68 million combined asset value to balance sheet - replacement value assessed $35 million

- Southport Manufacturing Facility capability complements existing licenced R&D and growing facility in Bundaberg, Queensland and 60,000m2 grow site in Northern NSW

- Bundaberg planned capacity of 850,000 clones per year, supplying up to 20,000m2 of growing partners in addition to THC's Northern NSW grow site

- Southport Manufacturing Facility will be a revenue generating asset - able to produce high-quality pharmaceutical grade GMP medicinal cannabis product

- 60,000m2 site to be secured for medicinal cannabis cultivation in NSW capable of cultivating 600,000 plants per year in organic, greenhouse conditions or 300,000 plants open-field

- New grow site and Southport Manufacturing Facility complement existing licenced operations at Bundaberg, Queensland - licence application for Southport Manufacturing Facility awaiting review

- THC in negotiations to provide toll manufacturing services to other Australian medicinal cannabis growers to utilise excess capacity at Southport Manufacturing Facility

- THC's industry-leading capability has attracted established global partners including Ascent Industries (North America), Endoca (Europe) and BOL Pharma (Israel)

- THC imported Endoca product to be available to Australian patients within weeks - TGO93 compliant

- Off-take agreements in progress - advancing revenue generation and securing global role for THC

Chairman, Steven Xu commented:

"Having secured significant medicinal cannabis growing capability and a manufacturing facility with industry leading capacity, THC has a clear path to a revenue generating medicinal cannabis business in the near term, with the ability to service domestic patients and export into other markets.

"Securing key commercial partners from the global medicinal cannabis industry such as Endoca, BOL Pharma, and Ascent places THC in prime position to take advantage of its production-ready capabilities. The increase in shareholder value from the acquisition of THC's Southport Manufacturing Facility highlights THC's prudent investment and corporate strategy."

Valuation of Pharmaceutical Manufacturing Facility

THC announced the purchase of the largest southern hemisphere pharmaceutical botanicals extraction and purification facility (the Southport Manufacturing Facility), as well as land and building in Southport in April 2018. The acquisition added significant and immediate capability to THC in its plan to provide domestic medicinal cannabis manufacture capability for near term domestic and export supply.

The Board has sought an independent external valuation from global valuation firm AON Valuation Services of THC's Southport Manufacturing Facility assets in Queensland, Australia which has valued the Southport Manufacturing Facility assets at $14.58 million at market value. With land and building at acquisition price, the combined value of THC's Southport Manufacturing Facility, will be recognised in the Company's June 2018 Half Year Accounts at $16.68 million.

Having been advised of the costs of constructing the Southport Manufacturing Facility by its previous owner, THC has assessed the replacement value to be in the range of $35 million, and has insured the property on that basis. The Board may revisit the valuation as the Company ramps up into revenue generating full scale pharma-grade production in the near term.

International Integration

THC's Australian scale-up is revenue driven in the near and medium term and recognises the presence of multiple significant international medicinal cannabis markets in addition to Australia's emergent market.

Through its Australian investment, THC provides a platform for international market access that is highly attractive to global commercial partners.

Australia has low cost, high-quality cannabis growing, a pharmaceutical manufacturing focus and world leading clinical trial industry. Australia is therefore an ideal location for international collaboration partners to supply current generation medicines and develop future generation products.

THC's international alliance approach has secured commercial engagement with sizeable revenue generating businesses in sophisticated medicinal cannabis markets. THC continues to attract, engage and retain global partners such as Endoca (Europe), BOL Pharma (Israel), and Ascent Industries (North America). THC's commercial partners currently service patients globally.

THC's Growing and Manufacturing Capabilities

THC now has complete end-to-end growing and manufacturing facilities capable of large scale operation. The completion of full vertically-integrated infrastructure for pharma-grade product places THC in an elite global group of companies.

The vertically integrated infrastructure incorporates licenced Bundaberg facilities for cannabis R&D and growing, a 60,000m2 site for the growing of medicinal cannabis soon be secured by THC, and the industry leading Southport Manufacturing Facility. THC has moved to quickly secure a medicinal cannabis manufacturing licence application over the Southport Manufacturing Facility, which is currently under review.

The 60,000m2 site in Northern NSW for the growing of medicinal cannabis soon to be secured by THC, is capable of cultivating approximately 600,000 plants per year under organic production in greenhouses or 300,000 plants per year in open field. THC is also exploring innovative indoor growing technologies to boost cultivation output. The site complements THC's high-value strain R&D and grow facility in Bundaberg which has the capacity to produce an expected 850,000 strain clones per year capable of seeding the Company's Northern NSW growing site and 20,000m2 of THC's growing partners sites.

Following commencement of operation of the Southport Manufacturing Facility, THC will have the capacity to produce oils, powders, and crystals to a pharma-grade, export-ready quality specification. THC is currently in negotiations with other medicinal cannabis companies in Australia to provide toll manufacturing services whereby THC will process other companies' medicinal cannabis through the Southport Manufacturing Facility to produce product to their specifications. This approach will extend utilisation of THC's large capacity Southport Manufacturing Facility, and further confirms THC as Australia's leading Medicinal Cannabis company.

Global Partnership and Strategic Alliance Strategy

THC has accelerated supply of medicinal cannabis to Australian patients through engagement with international commercial partners. Through an exclusive supply agreement, THC imported Endoca's CBD oil, as well as unique CBD+CBDa oil, with supply to Australian patients to commence within weeks. The products imported by THC from Endoca are TGO93 compliant.

THC announced on 9 July 2018 the signing of a binding engagement with Endoca, directed towards development and production of CBD-based and THC-based products produced under pharmaceutical GMP from European and Australian facilities, and their supply to multiple international markets. The agreement extends the existing supply agreement, and will further accelerate utilisation of THC's 60,000m2 land and Southport Manufacturing Facility utilisation.

A similar engagement with Canada's Ascent Industries announced on 28 June 2018 outlines a proposed exchange of strains, production from THC's Southport Manufacturing Facility and collaboration in the development of THC and CBD-based medicines, as well as general knowledge exchange.

THC's investment in medicines manufacturing and development in collaboration with partners advantageously places THC in control of the high-value-addition manufacturing step for pharmaceutical medicinal cannabis, at large scale. It accelerates realisation of near term revenue as well as securing future revenue opportunities through the collaborative development of the next generation of medicinal cannabis.

Offtake Agreements

THC's recognition of the scale and growth rate of international markets is reflected in establishment of multiple offtake agreements focused on medicinal cannabis and additional value-added products.

THC's engagement with Ascent Industries includes an offtake agreement with THC exporting medicinal cannabis to Ascent in Canada, grown from both THC's own strains and imported Ascent strains. THC will soon complete an off-take agreement with Meluka Health, through which THC will provide medicinal cannabis to Meluka Health for inclusion in cannabis honey products.

THC's progress in establishing revenue generating offtake agreements evidences THC's focus on bringing forward revenue streams, engaging in high value commercial partnerships and alliances, which further secures THC's role in the rapidly expanding medicinal cannabis market globally, and as an industry leader in Australia.

Note: Assessment based on key peers (CAN, AC8) comparison matrix

To view figures, please visit:
http://abnnewswire.net/lnk/4277RT9D

Henry Kinstlinger
Joint Company Secretary
The Hydroponics Company Limited
P: +61-2-9251-7177
E: henry.kinstlinger@thcl.com.au

Michael Lovesey
Director Corporate Media Relations
MMR Corporate Services Pty Ltd
P: +61-2-9251-7177
M: +61-449-607-636
E: michaell@mmrcorporate.com

White Rock Minerals Ltd (ASX:WRM) Placement of Rights Issue Shortfall

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White Rock Minerals Ltd (ASX:WRM) ("White Rock" or "the Company") is pleased to announce that it has successfully placed all of the shortfall resulting from its non-renounceable pro-rata entitlement offer announced on 21 March 2018 (Entitlement Offer).

The placement is being made on the same terms as under the Entitlement Offer and involves the issue of 171,386,123 fully paid ordinary shares in White Rock at a price of $0.01 (1 cent) per share and the issue of 85,693,062 unlisted options to subscribe for White Rock shares to raise a total of approximately $1.7 million (before costs). The options have an exercise price of $0.02 (2 cents) and expire on 26 March 2021. The placement was made to existing and new sophisticated and professional investors.

The proceeds will be used to advance exploration activities at White Rock's globally significant high-grade zinc VMS Red Mountain project and for general working capital requirements. No shareholder approval is required for the placement.

DJ Carmichael Pty Limited is acting as the lead manager to the placement.

The shares and options are expected to be issued on or about Tuesday 17 July 2018.

MD & CEO Matt Gill said:

"The White Rock board is very appreciative of the support from existing shareholders and new investors and their vote of confidence in the Company's current plans to explore, discover and add to the already globally significant high-grade zinc (and precious metals) VMS resource we have in central Alaska at our Red Mountain project.

We currently have over twenty personnel on site, comprising a terrific support crew, a geological reconnaissance crew, an on-ground geophysics crew and the drilling crew. This funding, combined with the recent strategic relationship and funding entered into with Sandfire Resources (refer ASX announcement on 10th July 2018 "White Rock enters into Strategic Relationship with Sandfire") not only ensures we are fully funded to execute our current exploration program, but to further extend those activities deep into the current Summer season.

As I have said previously, this is indeed an exciting time for the Company and its shareholders."

Matthew Gill (Managing Director & CEO)
Phone: +61-3-5331-4644

Shane Turner (Company Secretary)
Phone: +61-3-5331-4644
Email: info@whiterockminerals.com.au
Website: www.whiterockminerals.com.au

Impact Minerals Limited (ASX:IPT) CAD$5.5 Million Joint Venture with Bluebird Battery Metals Inc (CVE:BATT) on Broken Hill Project

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Impact Minerals Limited (ASX:IPT) is pleased to announce that it has signed a binding Letter of Intent ("LOI") to joint venture its Broken Hill project with TSX Venture exchange-listed BlueBird Battery Metals Incorporated (CVE:BATT).

- CAD$150,000 Cash

- 5,250,000 shares in BlueBird (current market value CAD$2.63 million)

- CAD$2.25 million expenditure over 3 years to earn a 75% interest

- A further CAD$500,000 of shares in BlueBird over the 3 year earn-in.

Under the terms of the farm-in Bluebird has the right to earn a 75% interest in the five Exploration Licences that comprise Impact's Broken Hill project by payments of cash and shares and exploration expenditures totaling CAD$5.525 million (at the last closing price of BlueBird shares of CAD$0.50).

Impact Mineral's Managing Director Dr Mike Jones said "We are very pleased to partner with BlueBird Battery Metals on the Broken Hill Project. The management of BlueBird have a strong track record in exploration discovery and resource development and they are committed to exploration success on their Australian portfolio. They have chosen to focus on the Broken Hill project because of its prospectivity for a wide range of metals that will form a critical part of the emerging market for batteries and renewable energy sources and we look forward to working with them on their exploration programme. This will include early drilling on the targets Impact has already identified."

"Our partnership with BlueBird is also a successful outcome of the strategic review of our portfolio completed earlier this year and which has also led to the recently announced sale of our Pilbara gold project and drill programmes at our Commonwealth Project in New South Wales and Clermont Project in Queensland. All of this forms part of our overall strategy of generating first class projects and finding partners where appropriate."

Impact and BlueBird have also reached a unique agreement, detailed below, that protects Impact's shareholding in the short term from any down side movement in BlueBirds share price and also allows BlueBird a short to medium term right to buy back one third of the shares issued to Impact at a price of CAD$0.75 per share and a further one third at CAD$1.25 per share.

DETAILS OF THE JOINT VENTURE TRANSACTION

The principal terms of the joint venture are:

- A non-refundable payment of CAD$25,000 cash (completed).

- A cash payment of CAD$125,000 and the issue of 5,250,000 shares ("Tranche 1") in BlueBird at a deemed price of CAD$0.40 ("Trance 1 Price") on the later of the signing of a Definitive Agreement ("DA") or the approval of the transaction by the TSX Venture Exchange. The Definitive Agreement is to be completed within 45 days of signing of the LOI.

- On-ground exploration expenditures totaling CAD$2.25 million as follows:

o A minimum of CAD$500,000 within one year of signing the DA ("Year 1").

o A further CAD$750,000 by the end of Year 2.

o A further CAD$1 million by the end of Year 3.

- The issue of a further CAD$500,000 of shares in BlueBird as follows:

o CAD$125,000 in shares prior to the end of Year 1.

o CAD$125,000 in shares prior to the end of Year 2.

o CAD$250,000 in shares prior to the end of Year 3.

In addition, on the date which is 6 months after execution of the Definitive Agreement ("Bonus Date"), BlueBird will issue to Impact a maximum of 1,050,000 common shares of BlueBird ("Bonus Shares") as follows:

(i) if the volume weighted average price of BlueBird's common shares on the TSXV calculated over the 30 day period immediately prior to the Bonus Date ("Bonus VWAP") is at least 20% greater than the Tranche 1 Price, no Bonus Shares will be issued;

(ii) if the Bonus VWAP is not less than 15% and is less than 20.00% greater than the Tranche 1 Price, 225,000 Bonus Shares will be issued to Impact;

(iii) if the Bonus VWAP is not less than 10% and is less than 15.00% greater than the Tranche 1 Price, 500,000 Bonus Shares will be issued to Impact;

(iv) if the Bonus VWAP is not less than 5% and is less than 10.00% greater than the Tranche 1 Price, 775,000 Bonus Shares will be issued to Impact; and

(v) if the Bonus VWAP is less than the Tranche 1 Price or is less than 5.00% greater than the Tranche 1 Price, 1,050,000 Bonus Shares will be issued to Impact.

The Bonus Shares will be subject to a statutory hold period expiring four months from the date of issue.

Also, Impact will grant BlueBird an exclusive call option to buy back (or arrange the buy back of such shares by a third party or third parties):

(i) one third (1,750,000) of Impact's initial shareholding in BlueBird at a price of CAD$0.75 per common share for a period of 12 months from execution of the Definitive Agreement ("First Option Period"); and

(ii) one third (1,750,000) of Impact's initial shareholding in BlueBird at a price of CAD$1.25 per common share for a period of 18 months from execution of the Definitive Agreement ("Second Option Period").

Impact will agree not to dispose or otherwise deal with:

(iii) the First Option Shares during the First Option Period; or

(iv) the Second Option Shares during the Second Option Period, without the prior written consent of BlueBird.

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

Prospect Resources Ltd (ASX:PSC) Market Update - Arcadia Lithium Project, Zimbabwe

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Prospect Resources Limited (ASX:PSC) (Prospect, the Company) is pleased to announce the following project update on the Arcadia Lithium Project.

- Appointed Mine Manager. The Inspector of Mines and Explosives within the Ministry of Mines and Mining Development of Zimbabwe, has formally accepted Mr Nixon Mugwadhi as the legally appointed Mine Manager of the Arcadia Mine. Mr Mugwadhi holds a B.Sc. Honours degree in Mining Engineering (UZ) and has more than 20 years' experience in Mining Engineering in Africa (Zimbabwe, Zambia and DR Congo).

A Zimbabwean citizen, Mr Mugwadhi has previously held the following positions, Mine Manager, MRM Manager, Technical Services Manager, Chief Mine Planning Engineer, Senior Mine Planning Engineer, Senior Mining Consultant, Underground Manager, Mine Captain and Shift Supervisor. Mr Mugwadhi is a member of the Association of Mine Managers Zimbabwe and a member of SAIMM.

Mr Mugwadhi has joined the company as the Mine Manager and Mine Planning Engineer.

- Grade Control Laboratory. The Arcadia mine laboratory is now fully operational and achieving consistent high QA/QC in all assays including trace analysis in lithium carbonate being produced from the pilot plant.

The laboratory is also fully functional in the metallurgical test work that will be instrumental in the beneficiation plant commissioning and ongoing optimisation. The aim of the laboratory has been to train and maintain a full complement of chemists, assayers, flotation recovery technicians and grade control technicians.

This laboratory is fully equipped with an XRD mineral analyser, AAS elemental analyser as well as a range of other equipment.

- Lithium Carbonate Pilot Plant. The Arcadia lithium carbonate pilot plant has milled over 2 tonnes of ore at an average grade, over the past week, of >3.8 % Li2O (hand cobbed). Lithium carbonate (LC) inventory now stands at 100kg, all of which awaits final purification to battery grade levels.

More than 13 kg of pure lithium carbonate (PLC) has been produced in the past week at an average purity of >99.6% LC and is meeting or exceeding battery grade specifications. This product is expected to be made available for sale and due diligence purposes by prospective customers.

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

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

Sayona Mining Ltd (ASX:SYA) Drilling to Test Lithium Pegmatites at Mallina & Tabba Tabba

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Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to report an exploration update at its 1,818km2 project area in the Pilgangoora district of Western Australia.

Highlights

- Permitting complete and government co-funding awarded for RC drilling the Mallina Area C prospect and other spodumene pegmatites

- Geochemistry extends new Area C target to over 1,400m strike length coincident with high-grade spodumene rock samples from surface

- Tabba Tabba project advanced to drill ready status with three pegmatite targets defined and drill approvals in place

Permitting at Mallina is now complete and a 20 hole, 2,500m RC drilling programme is planned to commence in August. The programme is designed to test the 1,400m strike extent of the Area C prospect and other spodumene pegmatites, where rock chip sampling has returned spodumene mineralisation up to 4.6% Li2O.

The Mallina project, located in the world-class Pilgangoora lithium district of Western Australia, now includes multiple areas of spodumene bearing pegmatites within a 20 km2 zone (see Figure 1 in link below). Government permitting and approvals have been granted and the project has been successfully awarded a co-funded Government grant. The incentive scheme grant, funded by the Government of Western Australia, allows a 50% rebate on direct drilling costs, up to a maximum of $150,000.

Exploration within the Pilbara lithium project is focused on the Mallina, Tabba Tabba and Moolyella projects (see figure 2 in link below). Each of these areas has high prospectivity and hosts newly discovered fractionated LCT lithium prospective pegmatite systems.

First pass drilling is also planned at Tabba Tabba, where statutory approval to test three pegmatite targets has been completed. Additional exploration over the project is being expedited following the discovery of spodumene pegmatite in adjacent tenure.

Dan O'Neill, Managing Director, commented "The Company is encouraged by the strong lithium mineralisation at the Area C prospect and having been awarded a grant of drill co-funding, providing confirmation of the high caliber of the targets at Mallina.

Western Australia is a world-class province for the discovery of spodumene pegmatites with excellent infrastructure and in close proximity to the Chinese converter markets. The drilling program is consistent with the Company's strategy to realise value from its large portfolio of lithium prospects in Western Australia".

To view figures, please visit:
http://abnnewswire.net/lnk/Z328WZNS

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

Deep Yellow Limited (ASX:DYL) Uranium Resource at Tumas 3 Expanded by 32%

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Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Deep Yellow) is pleased to announce an updated Mineral Resource Estimate (MRE) for the Tumas 3 deposit which, at a 200ppm eU3O8 cut-off now contains 31.2Mlb Inferred Mineral Resources at 377ppm eU3O8 an increase of 32% to the maiden Mineral Resource as announced to the ASX on 27 Sept 2017. The deposit occurs on EPL3496, held by the Deep Yellow wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd. The MRE was undertaken using various cut-off grades using a minimum thickness of 1m and conforms to the 2012 JORC Code of Mineral Resource Reporting.

HIGHLIGHTS

- Resource extension drilling produces an overall Inferred Mineral Resource estimate of 31.2Mlb grading 377ppm eU3O8 for the expanding Tumas 3 deposit.

o A 32% resource growth achieved while maintaining the average grade.

- In 18 months have doubled the pre-2017 32.1Mlb palaeochannel related Mineral Resource base on the Reptile Project, now reaching 63.3Mlb grading 301ppm eU3O8.

o Highly positive progress continues to advance the project toward achieving stated calcrete mineral resource target.

- Drilling planned west of Tumas mineralisation remains open to further enhance resource base

o 85km of uranium fertile palaeochannels offering highly prospective targets remain to be properly tested.

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

A 4-month resource extension RC drilling program was completed in June 2018, immediately east and west of Tumas 3 (see Figure 1 in link below). Drilling added 6km to the previously identified 4.4km long Tumas 3 discovery and defined extensive uranium mineralisation. Of the 274 RC holes drilled for 6,781m, 125 returned positive results - an overall 46% success rate.

The expanded Tumas 3 uranium resource has increased the Company's surficial calcrete palaeochannel Mineral Resource base on its Namibian projects by a significant 62% and now totals 81.3Mlb U3O8.

The mineralisation at Tumas 3 occurs as a distinct mineralised body separate from the other uranium mineral resources the Company identified previously within these palaeochannels in its Tumas 1 & 2 and Tubas Red Sands/calcrete deposits (see Figure 1 in link below).

The palaeochannels occurring away from these deposits and Tumas 3 have only been sparsely drilled along widely spaced regional lines in part with large sections remaining completely untested.

Exploration Target

As previously reported Deep Yellow has identified 125km of prospective palaeochannel systems providing targets where large sections remain inadequately tested. The very encouraging follow-up drilling just completed identified a further 6km of extensive uranium mineralisation. This was targeted to expand the maiden Resource as announced 27 Sept 2017 at Tumas 3 and has produced a cumulative 63.3Mlb eU3O8 attributable to the Reptile Project palaeochannels. With this addition the Company is notably advancing its calcrete resource base towards its stated total Exploration Target(see Note below) of 100 to 150Mlb at a grade range of 300ppm to 500ppm for this type of uranium mineralisation. Deep Yellow's total JORC conforming uranium Mineral Resources on its Namibian projects are shown in Appendix 1 (see link below).

Note: With the additional resources announced herein, the Company has now determined an MRE of 81.3Mlb of calcrete mineralisation (or 81% of the lower range of the Exploration Target. The Company however acknowledges that the potential quantity and grade of the Exploration Target is conceptual in nature, and that there has been insufficient additional exploration to estimate an expanded Mineral Resource at the date of this report. Additional exploration is planned; however, it is uncertain if this will result in the estimation of an additional expanded Mineral Resource. From the review and evaluation of calcrete associated mineralisation already identified on the Company's tenements which commenced in the December 2017 Quarter and the exploration carried out over recent months, the Company has a greater understanding of the stratigraphy of the palaeochannels which host mineralisation. This work has provided renewed confidence that mineralisation is likely to be identified in targeted but contiguous areas on the Company's tenements.

Targeted tonnage/grades are based on results and understanding from work carried out over past 10 years in this region. The Exploration Targets are planned to be tested over the next 12 to 24 months by continued exploration programs predominantly drill testing of targeted areas.

Tumas 3 Mineral Resource Estimate Summary

The Mineral Resource was estimated by Ordinary Kriging. Cut-off grades used for the expanded MRE included 100, 150, 200, 250, and 300ppm eU3O8 and the Inferred Mineral Resources derived from these cut-off grades indicate the mineralisation remains robust and consistent (see Table 1 in link below).

The expanded MRE for the extended Tumas 3 deposit at a 200ppm cut off gives an Inferred Mineral Resource of 31.2Mlb at 377ppm eU3O8 as shown in in Table 1 (see link below). The 200ppm eU3O8 cut-off has been selected as being the most appropriate for headline reporting of the resource estimations.

ASX Additional Information

The following is a summary of the material information used to estimate the Mineral Resources as required by Listing Rule 5.8.1 and JORC 2012 Reporting Guidelines

Deposit Parameters: The Tumas 3 uranium mineralisation is of the calcrete type located within an extensive mainly east-west trending palaeochannel system. The uranium mineralisation occurs in conjunction with calcium carbonate precipitations (calcrete) in sediment filled palaeovalleys. Uranium is the only economically extractable metal in this type of mineralisation although vanadium production can be considered if the price for vanadium becomes high enough. Uranium minerals mainly include uranium vanadates. The geology of this type of mineralisation is well understood having been explored over a number of years. The Langer Heinrich uranium mine located 30km to the north-east exploits this type of deposit and has been mined since 2007.

The mineralisation domains used for the current extended MRE study were interpreted to capture continuous zones of mineralisation above 100ppm eU3O8. The mineralisation included in this study has a strike length of approximately 10km and ranges in width 100m to 900m extending to a depth of 40 to 50m averaging around 25m below surface along the main Tumas channel. This includes the 3km of mineralisation encountered along 3 associated tributary channels. The mineralisation occurs in a reasonably continuous, seam-like horizon and extends west beyond the currently drilled area. It is closed off to the south-east and remains open to the west.

Drilling for the project was based on RC methods only. Drill holes used in the MRE included the 274 recently drilled holes totalling 6781m, 462 holes drilled in 2017 for 12,323m and 338 historical drill holes totalling 8,343m drilled by Deep Yellow between 2011 and 2012. Drilling achieved recoveries around 90%. All drill chips were geologically logged and their radioactivity was measured. All data were added to the database.

The 2017 and 2018 drilling programs were carried out on a spacing of 100m x 100m. Around the tributary palaeochannels drill spacing was reduced to 50m x 50m if required. Pre-2017 drilling carried out by the Company was along regional 2km spaced drill lines with drill holes spaced 50m apart which was of insufficient resolution to make a discovery.

Methodology: Data used in the MRE is largely based on down-hole radiometric gamma logging taken by a fully calibrated Aus Log gamma logging system which was used in the recent and previous drilling programs. Down-hole gamma readings were taken at 5cm intervals and deconvolved into equivalent uranium values (eU3O8) before being combined to 1m intervals. Geochemical assays were collected from 1m RC-drilling intervals, which were split to 1 to 1.5kg samples by riffle splitters. 120gm were further pulverised for use in regular XRF determinations and ICP-MS check analysis work. Selected samples from the historical holes previously were also assayed for U3O8 by ICP-MS method to confirm the XRF results. For further description of sampling techniques and associated data see Appendix 2 Table 1.

The geochemical assays were used to confirm the validity of the eU3O8 values determined by down-hole gamma probing. After validation, the eU3O8 values derived from the down-hole gamma logging were given preference over geochemical assays for the resource estimation.

The relevant drill hole details and results were previously reported by Deep Yellow in announcements made to the ASX on 19 April 2017, 22 May 2017, 22 June 2017, 11 July 2017, 27 September 2017, 14 December 2017, 17 April 2018 and 5 July 2018.

Figure 2 (see link below) shows the Tumas 3 Deposit grade thickness (GT- eU3O8ppm x metre thickness) contour map outlining extent and nature of the mineralisation over the 10km length of channel tested and includes the 3km of mineralised tributary channels. Cross-sections through the western and eastern extensions of the Tumas 3 uranium mineralisation are shown in Figures 3 and 4 (see link below) respectively.

Prospectivity, High Potential and Future Drilling

The continued drilling of the palaeochannel at Tumas 3 continues to prove highly successful, fully endorsing the new approach that has been taken to test this highly prospective area. This work keeps adding substantial new uranium resources at Tumas 3. Additionally, the investigations over the past months has also identified extensive untested palaeochannels over which high prospectivity is being confirmed.

The 31.2Mlb now attributable to Tumas 3 translates to 3Mlb/km for the 10km over which this deposit occurs. The 63.3Mlb of Inferred Mineral Resources now attained from the Reptile Project palaeochannels represent a remarkable 97.5% increase in the calcrete resource base on this project since the new investigations commenced 18 months ago. Deep Yellow is now within reach of the first major milestone of 100Mlb eU3O8. As has been previously stated, increasing the palaeochannel calcrete resource base toward the range of 100-150Mlb uranium resources in the 300 to 500ppm U3O8 grade range is regarded as a realistic objective. With Tumas 3 remaining open to the immediate west and a further 85km of palaeochannel identified still to be tested, it is not unreasonable to estimate that 15 - 20km of these channel systems will return 3 - 5Mlb/km of uranium mineralisation.

This strongly justifies the need to continue exploration and systemically drill-test the underexplored palaeochannel systems contained in the Company's 100% owned tenements, EPLs 3496 and 3497.

Drilling will resume on these targets in late July 2018.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/S13CA4OM

Deep Yellow Limited
T: +61-8-9286-6999
F: +61-8-9286-6969
E: info@deepyellow.com.au
WWW: www.deepyellow.com.au

Cervantes Corporation Limited (ASX:CVS) Focused AC Sampling Delivers Gold Targets at Primrose

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Cervantes Corporation Limited (ASX:CVS) announces focused AC sampling delivers gold targets at Primrose.

- Regional air core sampling campaign completed and final assays received from Primrose Project

- Gold zones mapped out over areas of the Primrose Shear never before tested

- New gold and nickel drilling targets identified

- Significant results include (down hole length, true width not known):

o 1m at 1.285g/t gold from 1m in hole PS21

o 1m at 1.052g/t gold from 10m in hole BB11

o 4m at 0.527g/t gold from 5m in hole BB17

o 1m at 0.18% nickel from 2m in hole PM1

o 1m at 0.16% copper from 1m in hole PS21

- Future exploration will follow up these significant opportunities

Final assays from the regional air core (AC) sampling programme on the Primrose Project (see Figure 1 in link below), and announced on 21 May 2018, have been received. A total of 100 holes for 489 metres were completed (Appendix 1, AC collar data) (see link below). The sampling programme aimed to:

- Test interpreted jogs in the Primrose Shear that may have focused gold mineralisation,

- Obtain samples from bedrock uncontaminated by more than a century of mining and gold extraction, and

- Sample areas for both gold and base metals that had not been previously tested by appropriate modern techniques.

The AC sampling programme was reconnaissance in nature. AC drilling is a first-pass geochemical exploration method that tests the potential of an area. While results are often low grade, they indicate a higher likelihood for gold mineralisation to be at depth. Gold and pathfinder elements may be depleted in the oxide zone at, or close to, the surface which, depending on a variety of local geological, environmental, and morphological factors, can further affect grades. AC sampling avoids these issues by sampling the bedrock directly.

AC Programme Details

Five areas were sampled: Blue Bell, Princess Mary, Goodingnow Pansy South, and, added to the programme in the field, the Daffodil Shear. The holes were drilled at a 60o dip towards the east and were spaced between 25 and 50 m along east - west lines. Drilling was to "blade refusal" depth; holes ranged from 1m to 39m depth and averaged 5m. Figure 3 (see link below) shows the hole locations.

AC Geochemistry Results

The results from the AC sampling show an elevated gold background. Usually, sampling of this style returns a general gold background of around 10 parts per billion (ppb) or less. This data has an average gold value of 62ppb, attesting to the auriferous nature of the geology on the Primrose Project.

Figure 4(a) (see link below) is a summary of the maximum gold assays found at each sample point. Significant gold anomalism is associated with the Primrose Shear at Blue Bell (maximum 1,192.2ppb or 1.192g/t Au), Princess Mary (1,826.9ppb or 1.826g/t Au), and Pansy South (1,270.7ppb, or 1.27g/t Au). Gold values were only moderate at Goodingnow. No significant gold assays were detected along the one line of holes testing the Daffodil Shear.

Figure 4(b) (see link below) is a summary of the nickel results. As was expected, high nickel values were detected in the amphibolite west of the Primrose Shear, particularly at the Blue Bell (1,192.2ppm, or 0.119% Ni), Princess Mary (1,826.9ppm or 0.183% Ni), and Pansy South (1,270.7ppm or 0.127% Ni) prospects.

Figure 5(a) (see link below) is a summary of the maximum copper at each sample point. Noteworthy copper anomalism is detected at Pansy South where a maximum 0.156% copper is detected in association with the anomalous nickel assays. Figure 5(b) (see link below) shows the cobalt assays. Cobalt assays are generally low.

Follow-up

Additional interpretive work will be done to determine the host of the anomalism detected. Deeper drilling will be undertaken to test for the Primrose Shear hosted gold deposits that Cervantes is targeting, including the potential for deeper Nickel targets. The timing of that follow up is dependent on project prioritisation. The Pansy Pit drilling assays have been delayed but will be released when available.

Emily May/Maggie Hay nickel deposit analogue is postulated.

Please refer to Cervantes 12th June 2018 ASX release titled "Nickel - Cobalt Opportunity Identified in RAB data" for more details on the expanding nickel occurrences. This now adds a new two dimensional target approach to two of the most market attractive metals at the Primrose.

Cervantes really is delighted to be able to add base metals such as nickel, cobalt and copper as targets for exploration within the current holdings.

Albury Heath

Please refer to the Cervantes 28th June 2018 ASX release for more details of significant gold intersections of 4oz to 6oz. A follow up release on final assays from this exploration programme is expected shortly.

About the Primrose Project

The Primrose Project covers in excess of 8km of the highly gold mineralised Primrose Shear in the Murchison District of the Eastern Goldfields, Western Australia. Over 37 gold mines, of various sizes, operated in this field from 1911 till 1982. Some 63,000 ounces of gold was mined at an average grade of 25g/t during this period. It is generally accepted that significantly more gold than this was won from alluvial and unreported production.

Cervantes now controls 25 mining leases, prospecting licences, and an exploration licence that cover the majority of this historic gold field. A large database of drilling, surface geochemistry, geological, and geophysical data has been assembled to allow the field to be better understood than at any time in its history.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/E721G896

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

Altech Chemicals Ltd (ASX:ATC) Executes Stage 1 Construction Agreement for HPA Plant

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Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) is pleased to announce that it has executed a stage 1 construction works agreement with its appointed engineering, procurement and construction (EPC) contractor SMS group GmbH (SMS) of Germany, for the commencement of construction at its Malaysian high purity alumina (HPA) plant site in Johor, Malaysia.

Highlights

- Stage 1 works construction agreement executed with SMS

- Works to occur in parallel with project finance close

- Bulk earthworks, retaining walls, storm water tanks and foundation piling

- Also includes site electrical sub-station structure and maintenance workshop

- Majority of the ~A$10 million site works credited against US$280 million EPC contract

Construction works covered under the stage 1 construction agreement includes bulk earthworks; extensive foundation piling; the construction of retaining walls; underground storm water/process discharge tanks (OSD tanks); construction of the site electrical sub-station structure; and construction of a maintenance workshop. The maintenance workshop will be used as the construction site offices during stage 2 of the HPA plant construction. Engineering works incorporated in the stage 1 construction program include the finalisation of layout drawings and the construction permitting process (Development Order) from local authorities.

The stage 1 agreement covers the first 6-7 months of the proposed two year construction period. The value of the works is approximately A$10 million, the majority of which will be credited against the US$280 million lump-sum fixed-price HPA plant EPC contract awarded to SMS which will commence following finance close.

Altech has decided to equity fund stage 1 construction in Malaysia to maintain project momentum and the works will be conducted in parallel with project finance close.

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

Ardea Resources Ltd (ASX:ARL) Presentation at Sprott Conference Vancouver July 2018

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Ardea Resources Ltd (ASX:ARL) (OTCMKTS:ARRRF) provides the Company's latest presentation at Sprott Natural Resource Symposium, Vancouver, July 2018.

The Ardea Proposition

- The 100% owned Goongarrie Nickel-Cobalt Project is part of the largest Cobalt Resource in the Developed World - 773Mt at 0.7% Ni and 0.05% Co

- Robust Pre-Feasibility Study which included the following highlights:

o Pre-tax NPV US$1.4 billion

o Pre-tax IRR 29%

o Initial focus will be on 40Mt at 0.83% Ni and 0.09% Co reserves

o Significant expansion potential on 1.0 Mtpa base case

o Higher throughput options being investigated.

- Goongarrie is a low technical risk project

- Goongarrie offers an ethical, low environmental impact, multi-generation mine-life

- Significant economic advantages and cost benefits via on-site neutraliser, scandium and other by-product opportunities

- Continued discussions with a number of potential strategic and offtake partners

- Upside potential from WA and NSW gold and base metal projects

A High-Quality Cobalt and Nickel Sulphate Producer

Outstanding results delivered from recently completed Pre-Feasibility Study*

- 1.0 Mtpa base case over a 25-year mine life

- 95.5% cobalt and 94.5% nickel recovery - life of mine

- Pre-cobalt C1 costs in line with current worldwide operators

- PAL** 5th generation plant, proven design, successfully operated in other laterite projects globally

Expansion Upside Potential

- Scoping study on 2.25 Mtpa via single processing train is nearing completion

- > 8,000 tpa cobalt sulphate expected

- > 70,000 tpa nickel sulphate expected

- Goongarrie exhibits significant potential for expansion via multiple parallel modular trains

- Additional upside options are currently being assessed and include the following:

o Higher throughput / shorter autoclave residence time

o Mineralised neutraliser optimisation

o Scandium by-product optimisation

Scalability potential remains a major competitive advantage (only ~5% of current resources have been utilised)

* Goongarrie Nickel Cobalt Project, PFS study, 28 March 2018

** PAL = Pressure Acid Leach

To view the full presentation, please visit:
http://abnnewswire.net/lnk/QQ3O41Z8

Ardea Resources Ltd
Brett Clark, CEO / Managing Director
T: +61-8-6244-5136
E: ardea@ardearesources.com.au
WWW: www.ardearesources.com.au

Intermin Resources Limited (ASX:IRC) Drilling Results Highlight Potential Southern Extensions at the Goongarrie Lady Gold Project

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Intermin Resources Limited (ASX:IRC) ("Intermin" or the "Company") is pleased to announce reverse circulation ("RC") drilling results from the 100% owned Goongarrie Lady gold project, located 85km north of Kalgoorlie-Boulder in the heart of the Western Australian goldfields (see Figure 2 in link below).

HIGHLIGHTS

- 500m reverse circulation extension program completed at the Goongarrie Lady gold project, 85km north of Kalgoorlie in the Western Australian goldfields

- Three exploration drill holes testing up to 500m south of the current pit design all returned new and significant gold mineralisation(see Note 1 below):

o 2m @ 1.50 g/t Au from 32m, 1m @ 1.41 g/t Au from 45m, 2m @ 17.7 g/t Au from 47m and 2m @ 1.48 g/t Au from 68m (GLRC1804)

o 1m @ 2.34 g/t Au from 45m (GLRC1806)

o 1m @ 0.56 g/t Au from 43m (GLRC1805

- The three successful drill holes highlight the prospectivity of the southern Goongarrie Lady area in particular GLRC1804 where gold was panned from high grade quartz veins

- An initial 1,000m follow up program has been planned and will commence in the current September Quarter, aimed at linking the mineralisation with the current reserve envelope(see Note 1 below)

- Further drilling will also test a potentially new parallel lode to the east(see Note 1 below)

Commenting on the latest drill results, Intermin Managing Director Mr Jon Price said:

"These latest results have demonstrated the potential to extend the project to the south and we look forward to the results of the follow up drilling and assessing the impact on the current production profile and project economics."

Overview

The Goongarrie Resource is located on granted Mining Lease M29/420 within the highly prospective Bardoc Tectonic Zone that extends north from Kalgoorlie to Menzies. The gold mineralisation consists of a series of north striking, highly oxidised quartz bearing lodes that typically dip 45 degrees to the west and east. The lodes are situated on the highly sheared contact between mafic and felsic/sedimentary sequences.

There has been little historical exploration in the Goongarrie South area. The drilling over the last 30 years has been resource-focussed drilling around the Goongarrie Lady open cut, along with some old workings to the NNW of the pit.

Recent geological visits by Intermin to the Goongarrie South area during the last four months has identified prospective geology namely, gossanous textures associated with outcropping quartz veins, variable geology (high energy conglomerates, shales), intense shearing and a well-developed regolith.

These observations encouraged the Company to complete a small RC program with a third RC rig during June as part of the Feasibility Study sterilisation program given any new mineralisation discovered to the south of the current reserve envelope and mine design could enhance gold production and project economics. A Feasibility Study completed on Goongarrie Lady last month an open pit, toll milling operation producing 12,700 ounces of gold over a seven month mine life would be financially and technically viable(see Note 2 below).

As a result four holes were targeted into discrete areas approximately 100m south of the southernmost drilling Intermin completed last year (see Figure 1 in link below). GLRC1803 was targeted under a purported Au-As soil anomaly but failed to return a significant assay. GLRC1804 was successful in delineating 2m @ 17.7 g/t Au in thin quartz veins from 47m. Further encouragement is noted in this hole with three smaller supergene intersections all being over 1 g/t Au.

GLRC1805 (1m @ 0.56 g/t Au), 350m south of GLRC1804, appeared to hit a narrow band of supergene gold, but is consistent with a gold system being in the immediate area. GLRC1806 was drilled into an outcropping quartz vein and returned an encouraging 1m @ 2.34 g/t Au.

GLRC1806 is located about 250 east of the projected mineralised trend continuing southwards from the open cut and could possibly be a new, and untested mineralised structure.

GLRC1801 and 1802 were targeted under the waste dump, where some historic peripheral holes had picked up anomalous clays. These were tested below this, but no significant assays were received. Goongarrie Lady is interpreted to be closed off to the north.

Next Steps

Intermin plan to fast track drilling at the Goongarrie Lady South area with an initial 1,000m of RC drilling planned. The drilling will attempt to link up GLRC1804 and GLRC1805 to the projected mineralised trend south of the pit. Several holes will also test the ground around GLRC1806.

Notes:

1 see Table 1 on Page 3, Competent Persons Statements on Page 4, Forward Looking Statement on Page 5 and JORC Tables on Page 6

2 as announced to the ASX on 28 June 2018

To view figures, please visit:
http://abnnewswire.net/lnk/TGZQ93Y1

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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