Are you the publisher? Claim or contact us about this channel


Embed this content in your HTML

Search

Report adult content:

click to rate:

Account: (login)

More Channels


Showcase


Channel Catalog


Channel Description:

Asia Business News

older | 1 | .... | 282 | 283 | (Page 284) | 285 | 286 | .... | 321 | newer

    0 0

    Core Exploration Ltd (ASX:CXO) provides the Company's latest presentation at Mining the Territory Conference.

    BACKGROUND

    - Core Exploration Ltd (ASX:CXO) is an Australian resources company.

    - The Finniss Lithium Project includes one of Australia's highest grade lithium resources.

    - Project Process:

    o Mine spodumene pegmatite ("lithium rich granite")

    o Processing of the mined material on site using Dense Media Separation (DMS) to produce benign concentrate

    o No chemicals used in the processing - only water

    o Truck concentrate ("gravel") to Darwin Port for export to Asia

    FINNISS LITHIUM PROJECT

    Potentially best logistics chain to Asia of any Australian lithium project

    - One of Australia's highest grade lithium resources

    - Grants is close to grid power, gas and rail infrastructure

    - 88km haul route to Darwin Port is on all NT Government roads licenced for road trains (Bitumen all the way).

    - Large area -500km2 of tenements including over 100 historic pegmatite occurrences and MLs

    - Widespread high grade spodumene drill intersections at multiple prospects

    - Existing and new large pegmatite targets to be tested

    - Easy trucking distance by sealed road to Darwin Port

    To view the full presentation, please visit:
    http://abnnewswire.net/lnk/7XNTWY7R

    For further information please contact: 
    
    Stephen Biggins
    Managing Director
    Core Exploration Ltd
    T: +61-8-7324-2987
    
    For Media and Broker queries: 
    
    Warrick Hazeldine
    M: +61-417-944-616
    
    Andrew Rowell
    M: +61-400-466-226
    Cannings Purple

    0 0

    Alligator Energy Ltd (ASX:AGE) provides the Company's NT Resources Week Presentation.

    Alligator Energy Ltd - Overview

    Focused on the discovery of large economic high grade energy related metal deposits (Uranium, Nickel, Cobalt) with clear pathways for approval and development.

    AGE have developed and implemented specific R&D exploration IP for identifying potential uranium occurrences which may exist under cover in the premier uranium exploration district of the Alligator Rivers Uranium Province (ARUP), Northern Territory, Australia.

    The application of this pre-drilling IP over many years has identified undercover drill ready uranium targets in the Company's significant land holding position in the ARUP, NT. This substantial R&D work is currently being tested with drilling of the most of advanced of these targets at TCC4 underway.

    The Piedmont Nickel Cobalt project in northern Italy contains historic mines, and demonstrates outstanding exploration opportunity for high quality nickel cobalt sulphide deposits, with on-ground sampling work confirming high grade massive sulphides, with drilling targets now being developed.

    To view the full presentation, please visit:
    http://abnnewswire.net/lnk/P5LN91DX

    Mr Greg Hall 
    Executive Director and CEO
    Alligator Energy Ltd 
    E: gh@alligatorenergy.com.au
    
    Mr Mike Meintjes
    Company Secretary
    Alligator Energy Ltd
    E: mm@alligatorenergy.com.au
    T: +61-7-3852-4712

    0 0

    MMJ PhytoTech Limited (ASX:MMJ) (OTCMKTS:MMJJF) ("MMJ") attaches a copy of a news release by the Ontario Cannabis Store ("OCS") confirming that it has entered into recreational cannabis supply agreements with a number of producers, including United Greeneries, a subsidiary of Harvest One Cannabis Inc. (CVE:HVT) ("Harvest One"), and MediPharm Labs Inc ("MediPharm").

    MMJ owns 30.2% of Harvest One and 6.9% of MediPharm.

    The OCS, a subsidiary of the Liquor Control Board of Ontario, will provide those over 19 years of age with a safe and secure online retail store from which to legally purchase a range of cannabis products and accessories from 17 October 2018.

    To view the news release, please visit:
    http://abnnewswire.net/lnk/W1OLMF6S

    Investor and Media Enquiries:
    Jason Conroy
    Chief Executive Officer
    E: info@mmjphytotech.com.au

    0 0

    On 31 August 2018 Mustang Resources Limited (ASX:MUS) (OTCMKTS:MTTGF) ("Mustang", the "Company") issued a shareholder letter entitled "Mustang to be renamed "New Energy Minerals Ltd to reflect its focus on the world-class Caula Vanadium-Graphite Project".

    Following discussions with the ASX, Mustang hereby retracts the peer comparison information contained in the shareholder letter.

    Retracted Statements;

    On pages 2 and 3 of the shareholder letter, information was provided in the form of peer comparisons with other African graphite companies. The peer comparisons compared the JORC Measured Resources, Flake sizes and Grades of different African focused graphite companies, based on published results from peer companies noted in the shareholder letter.

    The peer comparison in respect of Resources only compared the Resource in the Measured Resource category (highest degree of geological confidence) and did not include Inferred Resources nor Indicated Resources, nor did it demonstrate if any of the Indicated or Measured Resources have been converted to a Reserve.

    Accordingly, African Graphite Companies Peer Comparison - Table 1 on page 2 and the reference to it are retracted.

    African Graphite Peer Comparison - Figure 1 on page 3 and the reference to it are retracted.

    Accordingly, investors should not rely on the retracted information as a basis for an investment decision in relation to Mustang's shares.

    Managing Director:
    Mustang Resources Limited
    Bernard Olivier
    E: bernard@mustangresources.com.au
    M: +61-4-08948-182
    T: +27-66-4702-979
    
    Media & Investor Relations: 
    Jane Morgan Management
    Jane Morgan
    E: jm@janemorganmanagement.com.au
    T: +61-405-555-618

    0 0

    Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) is pleased to confirm that following recent positive discussions with relevant authorities in Argentina this week, drill hole locations have now been determined for the upcoming drill program at the 100%-owned Cauchari Lithium Brine Project, (see Figure 1, 2 in link below).

    - Drilling is anticipated to show a likely extension of the high grade lithium brine sequence from adjoining world-class lithium resources based on recent seismic lines.

    - Drill locations chosen - up to four holes to be drilled.

    The initial plan is to drill three holes, with a possible fourth hole, to depths of 400 metres. Drilling is anticipated to show a likely extension to the high grade lithium brines in adjacent properties (see Figures 1,2 in link below), and work is likely to commence in early October, barring any unforeseen delays.

    Third party drill results on the adjoining project include 600mg/L lithium with high flow rates and 470mg/L close to the lease boundary (*2). Based on recent seismic lines, Lake expects these high grade lithium brines to extend into its leases and brine bearing sediments are estimated to extend to 300-400 metres deep, based on the interpretation of the seismic line completed by Lake.

    Lake's Cauchari Lithium Brine Project adjoins the proven Cauchari lithium brine projects of SQM/Lithium Americas (soon to be Gangfeng/Lithium Americas), with an indicated resource of 8.7 Mt lithium carbonate equivalent (LCE) and an additional measured resource of 3 Mt LCE, and the Cauchari resource of Orocobre/Advantage Lithium with an inferred resource of 3.0 Mt LCE (*1), which is in the process of being upgraded to measured and indicated classification. Lake originally secured the 18,000 hectare Olaroz-Cauchari leases in early 2016 and is the only ASX junior exploration company with a large lease portfolio in this world class lithium brine province.

    Comments

    Managing Director Steve Promnitz said: "Discussions with relevant authorities in Argentina this week support the commencement of drilling early next month.

    "This is a material development for Lake given the Cauchari leases show an extension from the adjoining proven lithium brine project which aims to be in production in two years. We will be drilling approximately 400-500 metres away from nearby high grade results which we aim to repeat. Lake is the only junior exploration company with such highly prospective and large exploration projects in Olaroz-Cauchari, and successful drilling will add materially to the value of our assets here.

    "We are also working hard to deliver a maiden resource estimate for Kachi very soon. Interest in this project from offtake partners is very high.

    "We also note recent reports by the Argentine Government with respect to temporary changes to export taxes, and we confirm that they have no impact on Lake. It is business as usual for us in Argentina with all projects advancing to plan."

    Footnotes:

    (*1): The Cauchari project resource estimates of lithium carbonate equivalent (LCE) are from SQM/Lithium Americas (11.8 Mt LCE) and Orocobre/Advantage Lithium (3.0 Mt LCE). Lithium Americas Corp (TSE:LAC) updated their Cauchari indicated resource estimate of 8.7 Mt of Lithium Carbonate Equivalent (LCE) at an average grade of 570 mg/L lithium with an additional measured resource of 3 Mt LCE at 630 mg/L lithium in a release dated 18 June 2012 and 24 July 2012 prepared by their Qualified Persons Mark King, Roger Kelley and Daron Abbey, as defined in the NI 43-101 technical report. Orocobre/Advantage Lithium announced their updated Cauchari inferred resource estimate of 3 Mt of Lithium Carbonate Equivalent (LCE) at an average grade of 450 mg/L lithium, dated 29 June 2018 on the TSX (AAL:TSX-V) and dated 2 July 2018 on the ASX (ASX:ORE), prepared by Mr Frits Reidel, a "Qualified Person" as defined in the NI 43-101 technical report.

    (*2): Drill results released by Orocobre (ASX:ORE) from their market releases on the ASX on 18 April 2018 and 29 June 2018.

    (*3): from Reidel & Ehren, 2018, dated 29 June 2018 on the TSX (AAL:TSX-V) and dated 2 July 2018 on the ASX (ASX:ORE)

    To view figures, please visit:
    http://abnnewswire.net/lnk/J888RJST

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

    0 0

    Mustang Resources Ltd ("Mustang", the "Company") (ASX:MUS) (FRA:GGY) (OTCMKTS:MTTGF) is pleased to announce that the feasibility study drilling program at its flagship Caula Vanadium-Graphite project in Mozambique has been successfully completed ahead of schedule. A total of 3,025m of diamond (DD) drilling and 1,130m of reverse-circulation (RC) drilling over 34 holes have been completed for a total of 4,155m, with the core and chips currently being cut and sampled on site.

    Highlights

    - The feasibility study drilling program on the Caula Vanadium-Graphite Project in Northern Mozambique has been completed ahead of schedule

    - 3,025m of diamond drilling and 1,130m of reverse-circulation drilling within 34 holes has been successfully completed

    - Drilling returned futher large visible high-grade graphite and roscoelite (vanadium mica) with graphite and roscoelite mica mineralisation intersected in all 34 holes

    - Visible intersections of graphite and roscoelite (vanadium mica) confirm the extension of the current deposit boundaries to the East, West and South

    - Mineralisation has now been defined over a 850m strike length (from 540m previously) and estimated 430m wide true thickness (from 230m previously)

    - Caula hosts a JORC (Measured) mica-hosted vanadium resource of 22Mt @ 0.37% V2O5 (0.2% cut-off) for 81,600 tonnes of vanadium pentoxide and within the same deposit, a JORC (Measured) graphite deposit of 21.9 Mt @ 13.4% TGC (8% cut-off) for 2,933,100 tonnes of contained graphite

    - The Scoping Study is well advanced with results to be released by 5 October 2018, followed by an expected Resource upgrade and feasibility studies in Q4-2018 and Q1-2019

    - Phase 1 trial mining and pilot plant processing is on track for mid-2019, to provide early cashflow from both graphite and vanadium

    - Mustang to change its name to 'New Energy Minerals' (ASX:NXE) (subject to shareholder approval at 2 October 2018 EGM)

    - The name change reflects the Company's new focus on critical commodities for the lithium and vanadium battery markets, next generation steel and fire- resistant building materials

    The drilling campaign has been extremely successful and has already delivered the following results:

    1. Extension of the existing Caula Vanadium and Graphite deposit boundaries to the East, West and South

    2. Additional large intersections of visible graphite and vanadium-bearing mica

    3. Additional core samples for feasibility level metallurgical testing programs

    4. Geological and geotechnical samples for feasibility level tests

    5. Underpinning of feasibility studies for the Caula project

    The success of the drilling program has resulted in extensions of the existing resource boundaries with visually high grade coarse (large flake) graphite and vanadium-micas being intersected and logged in amongst others MODD 029, 042 and 043 (see Figures 1 and 3 in link below). Furthermore, graphite and roscoelite mineralisation has been intersected in all 34 holes drilled (see Figure 3 in link below). These results clearly confirm the expansion potential of the existing resource and open-endedness of the Caula vanadium-graphite deposit.

    In the immediate vicinity of the Caula discovery, vanadium-graphite mineralisation has now been defined over a 850m strike length (from 540m previously, open-ended to the south) and this mineralisation is up to 430m wide estimated true thickness (from 230m previously).

    Caula Scoping Study Progress and Phase 1 trial mining & processing

    The Scoping Study being undertaken by independent engineering company Bara International ("Bara") is well advanced and the Company expects the study to be completed with the results announced between 24 September and 5 October 2018. As announced in July 2018, Bara is currently modelling a two-phased development for Caula, based on the JORC Measured Resource for both graphite and vanadium.

    As previously announced(see Note 1 below), the Company is still on track to generate its first cashflow from Caula in H2-2019, with the implementation of a Phase 1 trial mining and processing operation, the scale and economics of which will be defined in the Scoping Study.

    Mustang Managing Director Dr. Bernard Olivier commented "It is Mustang's view that Caula represents a unique opportunity for the supply of two critical raw materials (graphite & vanadium) which are needed for the storage of energy (lithium-ion batteries & vanadium redox flow batteries), next generation building materials (expandable graphite) and earthquake resistant steel-rebar (vanadium as alloy).

    "As such, the Company is committed to fast-tracking this project and will therefore be running a number of workflows concurrently to ensure the fast & effective development of this world-class project, with first cashflow from Phase 1 trial mining & processing targeted for H2-2019.

    "The pending Scoping Study Report is expected to be a major step towards achieving this milestone. We believe that the Scoping Study will clearly demonstrate the exceptional potential and economic value of the Caula project. The Mustang team, with their 15 years of experience in building mining projects in Africa, will continue to work hard to deliver value for our shareholders. I furthermore wish to thank our team for safely and professionally concluding the feasibility study drilling campaign well ahead of schedule."

    The next 6 to 12 months should be a period of intensive activity for Mustang (to be renamed to "New Energy Minerals" subject to shareholder approval) with the Company focusing on delivering the following key outputs:

    1. The Caula Scoping Study currently underway which is targeted for completion in late September 2018.

    2. Preliminary vanadium metallurgical work at Nagrom Laboratories in Perth.

    3. ~5,000m of feasibility study drilling at Caula to deliver a further resource upgrade, as well as samples for geotechnical testing and further metallurgical testing in Perth and China.(see Note 2 below)

    4. The change of the Company's name and brand to "New Energy Minerals Ltd" (subject to shareholder approval) and associated change in Company logo and corporate colours.

    5. The concurrent 1:10 consolidation of the Company's issued Shares followed by an investor roadshow in the UK and Europe and attendance at the 121 Investor Conference in Hong Kong.

    6. Engagement and negotiations with proposed strategic project partners and off-takers in Asia, Europe and North America.

    7. Feasibility studies for the Caula project.

    8. Mining Concessions, permitting and approvals from the Government of Mozambique.

    9. Phase 1 trial mining and pilot plant construction and commissioning at Caula.

    Notes:

    1 Refer to the Company's ASX Announcements dated 21 March 2018

    2 Refer to the Company's ASX Announcement dated 8 August 2018

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/7T0W7DI3

    Managing Director:
    Mustang Resources Limited
    Bernard Olivier
    E: bernard@mustangresources.com.au
    M: +61-4-08948-182
    T: +27-66-4702-979
    
    Media & Investor Relations: 
    Jane Morgan Management
    Jane Morgan
    E: jm@janemorganmanagement.com.au
    T: +61-405-555-618

    0 0

    MMJ PhytoTech Limited (ASX:MMJ) (OTCMKTS:MMJJF) ("MMJ") attaches a copy of a news release by Harvest One Cannabis Inc. (CVE:HVT) ("Harvest One") providing further details in respect of the recreational cannabis supply agreement for its subsidiary United Greeneries with the Ontario Cannabis Store ("OCS"), announced by MMJ yesterday.

    MMJ is pleased to note the comment that Harvest One is developing a national retail strategy, details of which will be announced in the coming weeks.

    MMJ owns 30.2% of Harvest One.

    To view the news release, please visit:
    http://abnnewswire.net/lnk/3527N2V3

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

    0 0

    Anti-counterfeit and customer engagement solutions provider YPB Group Ltd (ASX:YPB) has secured a significant new distribution partner in China, Shenzen Meixin Electronics Co (SME), which creates a channel for YPB into the global electronics consumer goods market. YPB and SME have already engaged a global major brand in electronic consumer goods as the first client of the new partnership and future opportunity with other majors exists. This is the third major industry that YPB now has access to via its new channel partners in China - the other two announced earlier this week being autos and lubricants.

    - Shenzen Meixin Electronics new channel partner in China

    - First client a global major in electronic consumer goods

    - YPB to protect authenticity of components

    - Opens third big channel in China - now autos, oil, electronics

    Headquartered in Shenzen, China, SME is a provider of speciality chemicals and adhesives to the electronics industry. It has a full range of adhesive tapes for the electronics industry including polyimide tapes, copper tapes, aluminium foil tapes, LED tapes, conductive double sided tapes, EMI tapes, electronic circuit board tape, and anti-static tapes. Its products are sold to manufacturers within China and exported to Europe, America, South East Asia and elsewhere.

    Under an annual evergreen (automatically renewed) Master Services Agreement with SME, YPB's solutions will in the first instance protect the authenticity of components used by one of the world's top 5 producers of household appliances and electronic equipment. This client alone is expected to be a moderate revenue contributor to YPB.*

    YPB's Executive Chairman John Houston said: "Counterfeit components are pernicious and pervasive in almost all goods - they are a genuine menace - and the opportunity to protect components is almost unlimited. It is exciting to have now secured an entry point into the high volume electronic consumer goods in partnering with SME. It builds on our new channels into automotive parts and oil & lubricants in China with CCN Technologies as announced on September 3rd. Our new sales strategies in China are paying off as we drive YPB China toward profitability."

    *Please note:

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

    Mr. John Houston 
    Executive Chairman
    YPB Group Limited
    E: john.houston@ypbsystems.com 
    
    Mr. Gerard Eakin
    Director
    YPB Group Limited
    E: eakin@manifestcapital.com
    W: www.ypbsystems.com

    0 0

    McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) reports an updated resource estimate for the Froome Deposit and highly encouraging exploration results from its ongoing $15 million exploration program at the Black Fox Complex near Timmins, Ontario, Canada.

    Highlights include:

    - Froome Footwall: Drilling intersected 53.93 g/t gold over 8.29 m including 322.86 g/t gold over 1.34 m, along the footwall structure located approximately 150 m North of the main Froome deposit.

    - Froome Resource: Indicated resource estimate increaded by 14% to 181,000 gold ounces at a grade of 5.09 g/t.

    - Pike River: Shallow high-grade intersection of 35.04 g/t gold over 3.30 m core length (CL) along the same 7 km long structural belt that hosts the Froome deposit and Gibson mineralization.

    - Grey Fox: Multiple shallow intersections including 13.41 g/t gold over 2.82 m including 27.70 g/t gold over 0.94 m, and 5.79 g/t gold over 1.99 m including 9.71 g/t gold over 0.93 m from a mineralized crossstructure located in the hanging wall of the 147 Zone, which has a current Indicated resource of 264,000 gold ounces at a grade of 7.49 g/t.

    - Black Fox Mine: 35.08 g/t gold over 1.69 m intersected on the depth extension of the mine. An underground exploration drift is under development and additional drlling will begin in mid-September.

    Froome Footwall

    Surface drilling at Froome during Q3 has been focused on two targets: 1) evaluating the down-plunge extension of the Froome Deposit, and 2) assessing the potential of the mineralized footwall, which returned 53.93 g/t gold over 8.29 m including 322.86 g/t gold over 1.34 m. The current interpretation suggests that this new occurance extends the complex, braided 'belt' of elevated gold mineralization (running parallel to Froome) by approximately 350 m strike length to the East.

    The addition of these new drill intersections within the Froome Footwall could provide an economic enhancement to the proposed underground development planned to commence later in September. Definition drilling to further evaluate the footwall target is ongoing.

    Significant Froome Footwall drill intersections include:

    ---------------------------------------------------------------------
    Hole       Area         From (m)  To (m)  Length (m) TW (m) Gold (g/t)
    ---------------------------------------------------------------------
    18PR-G276  Froome Main  420.50    422.00  1.50       1.27   4.81
    Including               420.50    421.00  0.50       0.42   10.50 
    And                     445.00    455.00  10.00      8.47   2.68 
    Including               450.00    453.00  3.00       2.54   6.31 
    18PR-G279  Froome FW    88.60     92.00   3.40       2.86   1.54 
    And                     97.00     101.15  4.15       3.49   3.05 
    And                     113.00    122.90  9.90       8.29   53.93 
    Including               113.00    114.60  1.60       1.34   322.86 
    18PR-G280  Froome Main  306.95    315.35  8.40       7.27   2.61 
    And                     347.00    354.00  7.00       6.05   3.24 
    18PR-G288  Froome FW    81.00     88.00   7.00       5.96   3.32
    18PR-G292  Froome FW    150.20    158.00  7.80       7.07   3.05 
    ---------------------------------------------------------------------
    
    TW = True width (mathematically calculated based on current interpretation)

    Pike River Target

    The Pike River Target Area, located between the Froome Deposit to the northwest and Gibson Deposit to the southwest, is underlain by the Gibson-Kelore Fault zone. These mineralized intercepts indicate the high potential for a new discovery within this underexplored segment of the Gibson-Kelore Fault Zone.

    Significant Pike River drill intersections include:

    ---------------------------------------------------------------------
    Hole      Area        From (m)  To (m)  Length (m) TW (m) Gold (g/t) 
    ---------------------------------------------------------------------
    18PR-032  Pike River  70.00     72.00   2.00        *     2.12 
    And                   79.00     82.30   3.30        *     35.04  
    ---------------------------------------------------------------------
    * True width unknown 
    ---------------------------------------------------------------------
    

    Grey Fox - 147 Zone Hanging Wall Target

    Previous exploration activities at Grey Fox focused on east dipping oreshoots. A 3,000 m drill program traced a mineralized cross-structure at a different orrientation over a strike length of 140 m, and from the surface to a depth of 125 m. These results indicate that the mineralized cross-structure is continuous and traceable, and provides a framework for adding resource ounces at Grey Fox.

    Significant Grey Fox drill intersections include:

    ---------------------------------------------------------------------
    Hole Area From (m) To (m) Length (m) TW (m) Gold (g/t)
    ---------------------------------------------------------------------
    18GF-1087 147 HW 30.10 33.48 3.38 2.76 1.14
    And 129.90 136.00 6.10 4.96 3.64
    Including 133.00 136.00 3.00 2.44 6.75
    18GF-1088 147 HW 8.85 11.30 2.45 1.99 5.79
    Including 8.85 10.00 1.15 0.93 9.71
    18GF-1092 147 HW 7.00 10.00 3.00 2.82 13.41
    Including 9.00 10.00 1.00 0.94 27.70
    ---------------------------------------------------------------------


    Black Fox Underground

    One underground drill rig has been testing the down-plunge extension of the Deep Central Zone (DCZ) (see Figure 1 in link below). Drilling intersected multi-phase quartz-carbonated veining, which retuned an intercept of 35.08 g/t gold over 1.69 m including 55.10 g/t gold over 1.01 m. This represents the deepest high-grade intercept at the mine, and supports the belief that mineralization extends deeper down plunge. Drilling will resume in mid-September from better positions in the newly constructed drilling bays on the 810 m level.

    Significant DCZ drilling highlights include:

    ---------------------------------------------------------------------
    Hole          Area  From (m)  To (m)   Length (m)  TW (m)  Gold (g/t) 
    ---------------------------------------------------------------------
    520-EX346-42  DCZ   426.50    428.00   1.50        1.30    6.87
    And                 561.00    563.00   2.00        1.69    35.08
    Including           561.00    562.20   1.20        1.01    55.10 
    490-L094-98   DCZ   215.80    217.00   1.20        0.81    161.89 
    Including           215.80    216.40   0.60        0.40    320.73  
    ---------------------------------------------------------------------
    

    Froome Resource Estimate

    The tables in link below summarize the current and previous Froome resource estimates. The differences are primarily attributable to additional drilling. Similar modeling parameters were used in both estimates.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/QB2Q57PK

    To view Figure 1 - Black Fox Exploration Drilling, please visit:
    http://abnnewswire.net/lnk/F219A108

    To view Tables - All Drilling, please visit:
    http://abnnewswire.net/lnk/2OQWQ7L1

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

    0 0

    Goldfields Money Limited (ASX:GMY) ("Goldfields Money" or the "Company") is pleased to announce that per the notice of general meeting dated 6 August 2018, a general meeting was held in Perth today, with Goldfields Money shareholders voting overwhelmingly in favour of the Finsure Transaction.

    Goldfields Money will merge with Finsure by acquiring 100% of the diluted shares in Finsure via the issue of 40,750,000 fully paid ordinary shares to Finsure shareholders based on an agreed issue price of $1.50 per share. In connection with the Finsure Transaction, Goldfields Money will also issue 15,385,000 new fully paid ordinary shares at an issue price of $1.30 per share to raise ~$20 million (before costs), under the Placement announced on 4 September 2018.

    Goldfields Money CEO Simon Lyons said today's shareholder approval of the Finsure Transaction marked a major milestone in the Company's evolution into a diversified financial services business.

    "The Goldfields Money Board is very pleased with today's result. Maximising value for all shareholders is of utmost importance to us, and we firmly believe this transaction is a compelling opportunity for Goldfields Money and its shareholders." Mr Lyons said.

    Goldfields Money Chairman Peter Wallace thanked shareholders for their ongoing support during what has been a busy period of corporate activity for the Company.

    Today's shareholder approval means that completion of the Finsure Transaction is now only subject to satisfaction (or waiver, if applicable) of the other remaining conditions that are considered largely procedural in nature:

    - Approval from the ASX for the quotation of the Consideration shares; and

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

    The table below shows the currently anticipated transaction timetable.

    Event: Settlement of the Placement
    Date: 14 September 2018

    Event: Completion of the Finsure Transaction
    Date: 14 September 2018

    Event: Commencement of trading of Placement shares on the ASX
    Date: 17 September 2018

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

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

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

    WHO IS FINSURE?

    Established in 2011, Finsure Holding Pty Ltd ("Finsure") had set out to build a competitive and holistic offering for mortgage brokers in Australia with the aim to become a dominant player in the industry. Since inception, Finsure has positioned itself as a leader in the market in offering a diverse lending panel, flexible commission models, lead generation and mortgage broker support services. Through the acquisition of LoanKit in 2013 and a growing brand presence in the marketplace, Finsure has become one of the fastest growing aggregation business in the industry. Finsure was also recently named Aggregator of the Year for 2017 at the Australian Mortgage Awards.

    At the very core of the Finsure business ethos is the desire to provide the strongest value proposition to all partners and clients. It is this principle that underpins who Finsure is as an organisation, and why they are able to provide the maximum value to those who align with us. As at 31 March 2018, Finsure has a network in excess of 1,400 loan writers across Australia, and a historical book of ~$31.8 billion.

    To view tables, please visit:
    http://abnnewswire.net/lnk/QEK340JG

    Investor / Media Enquiries
    Simon Lyons
    Executive Director & CEO
    Goldfields Money
    Ph: +61-8-9438-8810
    
    Andrew Rowell
    Director - Investor Relations
    Cannings Purple
    M: +61-400-466-226

    0 0

    Mithril Resources Ltd (the "Company") (ASX:MTH) is pleased to advise that the recently completed work program at its 100% owned Kurnalpi Nickel Project (located 70 kms north east of Kalgoorlie, WA - see Figures 1 in link below) has identified strongly elevated copper-cobalt within a new target position and strengthened the Company's understanding of the project's nickel sulphide prospectivity.

    - Drilling strengthens Company's understanding of project's nickel prospectivity with main nickel sulphide horizon requiring further drill testing

    - 1.46% copper, 1.12% cobalt returned from grab sample of historic drill spoils on a newly acquired tenement at southern end of project

    - Ground EM, diamond drilling planned as next step

    Three Reverse Circulation holes (18GDSRC005 to 18GDSRC007 - 540 metres) were drilled as an initial test of a downhole EM conductor, plus gossan and disseminated sulphide intercepts previously obtained by Mithril at the northern end of the project (Mithril's ASX Announcement dated 30 May 2018).

    Two holes drilled into the EM conductor intersected a four - metre wide zone of barren stringer sulphides (pyrrhotite / pyrite) at the modelled conductor depth (thus explaining the conductor), and a third hole (18GDSRC007) drilled beneath the gossan intersected a four - metre wide zone of weakly disseminated nickel sulphides (see Figure 2 in link below). No significant assays (i.e. > 0.25% nickel) were returned from either intercept.

    Significantly the main nickel sulphide horizon was not tested with 18GDSRC007 unable to reach target depth due to unfavourable ground conditions (see Figure 2 in link below).

    Drill testing of the main nickel sulphide horizon remains a priority and Mithril will need to utilise diamond drilling to confidently do this.

    As shown on Figure 3 (see link below), the ultramafic rocks which host the nickel sulphide horizon continues for over 7 kilometres to the south of the drilling within Mithril's 100% - owned tenure.

    Strongly anomalous levels of nickel +/- cobalt and copper in a number of wide-spaced shallow RAB / aircore drilling undertaken in the mid 1990's highlights the potential of the project's southern area, i.e.;

    - 20m @ 0.69% nickel, 0.07% cobalt from 32 metres in KURA50 including 8m @ 0.96% nickel, 0.09% cobalt from 36 metres, and

    - 8m @ 0.07% nickel, 0.02% cobalt, 0.15% copper from 28 metres in KURA99 (intercept at end of hole).

    A grab sample of remnant drill spoils for the KURA99 intercept returned 1.46% copper and 1.12% cobalt (Sample No. KUROCK03). The mineralisation is hosted by weakly weathered sheared carbonaceous metasediments and doesn't appear to be related to ultramafic rock types. This suggests the Kurnalpi Project has potential for other mineralisation styles areas well as nickel sulphides.

    The copper - cobalt target is a newly recognised exploration opportunity given that the KURA99 drill hole lies on a tenement (EL28/2760) that was only recently applied for (see Figure 3 in link below).

    Management Comment

    Mithril's Managing Director, Mr David Hutton said that the results continue to demonstrate the project's prospectivity and why Kurnalpi is a priority project for the Mithril.

    "Nickel sulphide exploration is difficult and takes patience but importantly our work to date has demonstrated that nickel sulphides are present at Kurnalpi within favourable ultramafic rocks. The identification of a new copper cobalt target is highly encouraging and reinforces the project's potential".

    "We are confident that ongoing exploration will be ultimately successful and we look forward to carrying out further ground EM geophysics and drilling as soon as possible".

    JORC details for historic ("KURA" series) RAB / Aircore drilling at Kurnalpi Project has been previously detailed in Mithril's ASX Announcement entitled "Strong Targets at the Kurnalpi Nickel-Cobalt Prospect" - dated 7 February 2018.

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/609EYYZ0

    Mithril Resources Ltd
    David Hutton
    Managing Director
    E: admin@mithrilresources.com.au
    T: +61-8-8132-8800
    F: +61-8-8132-8899
    www.mithrilresources.com.au

    0 0

    Bluechiip Limited (Bluechiip or the Company), (ASX:BCT), a leader in the development of sample-tracking technology for harsh environments, today announced it has successfully raised $5.5 million via an oversubscribed placement to sophisticated and professional investors.

    The placement comprised approximately 93 million ordinary fully-paid shares at an issue price of $0.059 per ordinary share.

    Settlement of the placement is scheduled to occur on Thursday 13 September 2018 with allotment of the placement shares to occur on Friday 14 September 2018.

    The placement was conducted in accordance with ASX Listing Rules 7.1 and 7.1A and will be settled in one tranche. Approximately, 39 million new ordinary shares will be issued under the Company's Listing Rule 7.1A capacity and the balance under Listing Rule 7.1 (approximately 54 million new shares).

    CCZ Statton Equities acted as Lead Manager to the placement.

    Andrew McLellan, Bluechiip Managing Director & CEO, said, "The board is delighted with the oversubscribed placement, especially coming after our recently updated agreement with Labcon North America for A$15.9 million of sales over a three-year period, announced on 29 August. The capital raised will provide a foundation for Bluechiip to finalise its product portfolio through to validation and release of our chips, readers and software. It also enables us to fully support our OEM partners' product release and to fund working capital to meet our growing orders. Furthermore, the capital raised will allow us to accelerate the opportunities and discussions we currently have in place.

    We are also pleased to announce a Share Purchase Plan and invite all existing shareholders to subscribe for shares at the same price as the placement and without brokerage.

    Bluechiip is now well positioned for a very exciting and sustainable future and we thank our new and existing shareholders for their support."

    Share Purchase Plan

    Following the placement, Bluechiip will now invite existing shareholders to invest in the Company via a Share Purchase Plan (SPP). Under the SPP, holders of existing Bluechiip shares on the share register as at 7pm (Sydney time) on the record date of Friday 7 September 2018 and who are eligible shareholders in Australia or New Zealand will each be invited to subscribe for up to A$15,000 of new fully paid ordinary shares in Bluechiip at the placement price of $0.059 per ordinary share.

    No brokerage costs are applicable under the SPP.

    Participation in the SPP is optional and the SPP will not be underwritten. Further information in relation to the SPP, including the SPP terms and conditions, will be outlined in a separate SPP booklet which will be despatched to eligible shareholders later this week.

    The timetable for the SPP is as follows:

    ------------------------------------------------------------------------
    Event                                           Date
    ------------------------------------------------------------------------
    Record Date to determine eligibility to
    participate in SPP                              7 September 2018 
    Opening Date                                    14 September 2018 
    Despatch of SPP Offer Document and
    Application Form                                14 September 2018 
    Closing Date                                    28 September 2018 
    Allotment of SPP Shares                         3 October 2018 
    Commencement of trading of Shares on ASX        4 October 2018 
    ------------------------------------------------------------------------
    

    The Bluechiip Board reserves the right to scale back and/or close the offer early. The timetable is indicative only and Bluechiip may, at its discretion, vary any of the above dates by lodging a revised timetable with ASX. The commencement of trading of new shares is subject to confirmation from ASX.

    Funds raised from the placement and SPP will be applied to:

    - Support the development and validated release of Bluechiip's core product line, chips, readers and software to support OEM partner product releases

    - Working capital to build inventory of chips and readers including the handheld reader and multi-sample reader

    - Continue to progress and convert BCT's expanding pipeline of OEM opportunities

    - General working capital purposes

    Andrew McLellan
    Managing Director / CEO
    Bluechiip Limited
    Ph: +61-457-823-470 
    Email: andrew.mclellan@bluechiip.com
    
    Media
    Richard Allen
    Ph: +61-3-9915-6341
    Oxygen Financial PR

    0 0

    Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to report an exploration update at its 1,898km2 project area in the Pilgangoora district of Western Australia.

    Highlights

    - A 20 hole, 2,500m RC drill programme has commenced at Mallina over the Area C prospect and other spodumene pegmatites

    - Includes first drilling over the 1,400m strike length of Area C prospect where soil anomalism and high grade spodumene rock samples to 4.60% Li2O were identified

    - Other regional projects advancing, including new pegmatite identified at the Tabba Tabba project

    A 20 hole, 2,500m RC drill programme has commenced at the Mallina project. The programme is principally designed as a first pass test of the 1,400m Areas C prospect, 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, hosts multiple areas of spodumene bearing pegmatites within a 20 km2 zone (see Figure 1 in link below). The Area C prospect is the most extensive of these and is geochemically the strongest identified to date and has not been previously drill tested. The bedrock is largely obscured by thin cover and it is anticipated drilling will outline the pegmatite morphology and possible extensions to the north where the cover is deeper.

    The drilling has been awarded a co-funded government grant. This incentive scheme by the State Government of Western Australia provides a rebate of 50% on direct drilling costs, up to a maximum of $150,000.

    Regional exploration within the Pilbara lithium project has focussed around the Mallina, Tabba Tabba and Moolyella projects (see figure 2 in link below). At Tabba Tabba, recent geochemistry has identified four new soil anomalies which require detailed mapping and infill sampling, as well as a newly recognised LCT type pegmatite. Statutory approval to drill test three pegmatite targets has been completed and further work may increase this planned drill activity. Exploration over the project has being expedited following the discovery of spodumene pegmatite in adjacent tenure.

    Dan O'Neill, Managing Director, commented "The Company is pleased to be drill testing the lithium mineralisation at the Area C prospect and advancing its other extensive ground holding in the Pilgangoora district".

    To view figures, please visit:
    http://abnnewswire.net/lnk/B01JQS76

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

    0 0

    Alt Resources Ltd (ASX:ARS) (Alt or 'the Company') is pleased to announce assay results from the second phase of RC drilling at the Bottle Creek Gold Project. Alt completed 45 drillholes for a total of 2,468m (see Figure 1 in link below). This included 29 additional holes at the Emu deposit to define gold extensions for incorporation into the Company's Mineral Resource Estimate. A further 16 holes were drilled at the Cascade deposit (formerly named XXXX, 'Four X') to confirm and augment historical drilling, for development of the first resource estimate for this area of the Bottle Creek deposit.

    HIGHLIGHTS:

    - Results from the 2nd phase of RC resource drilling of Emu extensions and the Cascade deposit confirm high grade gold continuity along strike of known mineralisation

    - Results up to 64.3 g/t Au have been received between Emu and Southwark deposits

    - Significant intercepts include:

    o 3m @ 22.1 g/t Au from 36m, including 1m @ 64.3 g/t Au from 37m

    o 7m @ 7.5 g/t Au from 40m, including 2m @ 16.2 g/t Au from 44m

    o 3m @ 9.8 g/t Au from 19m, including 1m @ 26 g/t Au from 20m

    o 3m @ 8.5 g/t Au from 51m

    o 3m @ 6.6 g/t Au from 42m

    o 10m @ 4.9 g/t Au from 49m, including 2m @ 7.8 g/t Au from 52m

    o 17m @ 3.9 g/t Au from 47m, including 6m @ 7.1 g/t Au from 54m

    o 27m @ 3.7 g/t Au from 56m, including 2m @ 25.7 g/t Au from 61m, and 2m @ 10.8 g/t Au from 65m

    o 12m @ 3.3 g/t Au from 66m, including 2m @ 8.6 g/t Au from 70m

    o 7m @ 3.2 g/t Au from 46m, including 1m @ 12.2 g/t Au from 47m

    o 25m @ 2.9 g/t Au from 31m, including 4m @ 11.7 g/t Au from 48m

    o 10m @ 2.3 g/t Au from 20m, including 1m @ 6.5 g/t Au from 22m

    o 10m @ 2.1 g/t Au from 36m, including 1m @ 7.5 g/t Au from 41m

    o 3m @ 3.8 g/t Au from 22m, including 1m @ 7.0 g/t Au from 22m

    o 13m @ 2.4 g/t Au from 45m

    o 17m @ 2.0 g/t Au from 37m

    - Alt's drilling now covers a strike length of 2.6 km

    - These results will be incorporated in an update to the Bottle Creek Mineral Resource

    Assay results up to 64.3 g/t Au(see Note 1 below) and 209 g/t Ag(see Note 2 below) have been received for new drilling in the zone between Emu and Southwark, confirming continuity of mineralisation between these two deposits. This zone also includes broad, moderate to high grade zones such as 27m @ 3.7 g/t Au and 25m @ 2.9 g/t Au(see Note 3 below). Similarly, grades up to 12.2 g/t Au(see Note 4 below) have been intersected in the region south of the Emu deposit.

    Alt's first drilling campaign at the Cascade deposit, 800m north of Southwark, has also successfully confirmed the presence of high grade gold mineralisation. The highest assay for new drilling in this area is 26.0 g/t Au, with broad zones up to 7m @ 7.5 g/t Au(see Note 5 below). From south of Emu, north through Southwark to Cascade, Alt's drilling at Bottle Creek now covers a strike length of 2.6 km.

    With the receipt of these results at Emu, Southwark and Cascade, Alt's intended next step is to incorporate this drilling into an updated Mineral Resource Estimate for Bottle Creek. The current resource stands at 1.65Mt @ 2.1 g/t Au, for 109,500 oz gold(see Note 6 below).

    Emu and Southwark Extensions

    Drilling at Emu was conducted to the south of known mineralisation, and also to the north, defining the zone between Emu and Southwark (see Figure 1 and 3 in link below). Drillholes EMRC097 to EMRC110 were drilled immediately south of the Emu deposit, infilling historical drill fences and twinning historical drillholes to improve confidence levels in historical data. 5 of the 14 holes were twin holes of historical drilling by Norgold Ltd and Electrolytic Zinc Company of Australasia.

    Significant intercepts from new RC drilling south of Emu are listed in Table 1 (see link below) and include:

    o EMRC097: 10m @ 2.3 g/t Au from 20m

    -- including: 1m @ 6.5 g/t Au from 22m

    o EMRC098: 10m @ 2.1 g/t Au from 36m

    -- including: 1m @ 7.5 g/t Au from 41m

    o EMRC101: 17m @ 3.9 g/t Au from 47m

    -- including: 6m @ 7.1 g/t Au from 54m

    o EMRC103: 7m @ 2.6 g/t Au from 42m

    o EMRC104: 5m @ 2.1 g/t Au from 63m

    -- and: 6m @ 1.2 g/t Au from 72m

    o EMRC105: 3m @ 3.8 g/t Au from 22m

    -- including: 1m @ 7.0 g/t Au from 22m

    o EMRC106: 4m @ 2.2 g/t Ag from 36m

    -- including: 1m @ 6.1 g/t Ag from 37m

    o EMRC107: 9m @ 1.7 g/t Au from 51m

    o EMRC108: 13m @ 2.4 g/t Au from 45m

    o EMRC109: 12m @ 3.3 g/t Au from 66m

    -- including: 2m @ 8.6 g/t Au from 70m

    o EMRC110: 7m @ 3.2 g/t Au from 46m

    -- including: 1m @ 12.2 g/t Au from 47m

    A plan map of drilling and key cross-sections are shown in Figure 2 and 3(see link below).

    An additional 14 holes were drilled in the zone between Southwark and Emu. Wide-spaced historical drill fences indicated that mineralisation through this zone is continuous. Alt's geologists aimed to infill the historical drill fence spacing to 25m, and drill 5 twin holes to confirm the reliability of historical data.

    Significant intercepts from the zone between Emu and Southwark are listed in Table 1(see link below), and include;

    o EMRC111: 10m @ 4.9 g/t Au from 49m

    -- including: 2m @ 7.8 g/t Au from 52m

    o EMRC112: 27m @ 3.7 g/t Au from 56m

    -- including: 2m @ 25.7 g/t Au from 61m

    -- which includes: 1m @ 44.3 g/t Au from 61m

    -- and: 2m @ 10.8 g/t Au from 65m

    o EMRC113: 8m @ 1.8 g/t Au from surface (0m)

    o EMRC114: 17m @ 2.0 g/t Au from 37m

    o EMRC115: 8m @ 1.2 g/t Au from 55m

    o EMRC116: 3m @ 6.6 g/t Au from 42m

    -- and: 3m @ 8.5 g/t Au from 51m

    o EMRC117: 3m @ 22.1 g/t Au from 36m

    -- including: 1m @ 64.3 g/t Au from 37m

    o EMRC118: 5m @ 1.9 g/t Au from 30m

    o EMRC120: 8m @ 1.5 g/t Au from 10m

    o EMRC121: 25m @ 2.9 g/t Au from 31m

    -- including: 4m @ 11.7 g/t Au from 48m

    -- which includes: 1m @ 29.2 g/t Au from 50m

    o EMRC122: 6m @ 1.5 g/t Au from 6m

    -- including: 1m @ 5.2 g/t Au from 11m

    Figure 4 (see link below) shows key cross-sections and geological interpretation through the area whilst Figure 5 (see link below) shows the location of new drilling between Emu and Southwark in plan view.

    Cascade

    Alt's first drilling program at the Cascade deposit, located 800m north of Southwark, has resulted in intercepts up to 26.0 g/t Au, with broad zones up to 7m @ 7.5 g/t Au (see Table 1 in link below). Alt drilled 16 new RC holes at Cascade to infill, augment and confirm historical drilling in the area. The aim is to achieve a level of confidence in the model for mineralisation at Cascade, such that it may be included in a future revision of the Bottle Creek Mineral Resource.

    Significant intercepts for drilling at Cascade are listed in Table 1(see link below), and summarised below:

    o CARC004: 8m @ 1.2 g/t Au from 17m

    o CARC006: 9m @ 1.2 g/t Au from surface (0m)

    o CARC009: 5m @ 2.3 g/t Au from 4m

    o CARC010: 5m @ 1.5 g/t/ Au from 22m

    o CARC012: 6m @ 1.2 g/t Au from 8m

    o CARC015: 7m @ 7.5 g/t Au from 40m

    -- including: 2m @ 16.2 g/t Au from 44m

    o CARC016: 8m @ 1.4 g/t Au from 7m

    -- and: 3m @ 9.8 g/t Au from 19m

    -- including: 1m @ 26.0 g/t Au from 20m

    The location of new drilling at Cascade by Alt Resources is shown in Figure 7 (see link below), with representative cross-sections in Figure 6 and 7 (see link below).

    Mineralisation at Cascade appears to be similar in nature to Southwark and Emu to the south, being predominantly hosted in carbonaceous shales and cherts of the Emu Formation. The felsic intrusive present at Emu and Southwark pinches out north of Southwark and is not observed at Cascade. The presence of ore grade gold mineralisation at Cascade, in the absence of the felsic intrusive, reinforces the importance of the geochemically distinct sediments of the Emu Formation in metal deposition during ore deposit formation.

    Regional Setting and Exploration History

    The Bottle Creek gold mine lies 100 km north east of Menzies in the Mt Ida gold belt (see Figure 8 in link below). The gold mine is located on the northern extremity of the Mt Ida-Ularring greenstone belt extending from Davyhurst to Mt Alexander (see Figure 8 in link below). The Ularring greenstone belt forms the western part of the Norseman-Wiluna Province of the Yilgarn Craton. The location of mineralisation and local geology, is shown in Figure 9 (see link below).

    During historical operation from 1988-1989, 90,000 oz Au was produced from two open pits (Boags and VB; see Figure 10 in link below). Significant historical drilling along a 9.8 km strike outlined the Emu, Southwark and XXXX (see Note 7 below) deposits. However these were never mined. The historical RC drill fences were spaced at 100m, with infill drill line spacing at 50m and 25m at various locations. The majority of drilling targeted oxide mineralisation and reached no deeper than 80m vertically below surface.

    Alt's new drilling results continue to provide confirmation of historical intercepts, improve confidence in historical data, and proves the continuity and grade of mineralisation in key parts of the Emu deposit. Further, gold mineralisation appears to continue at depth, with several drillholes ending in mineralisation. Additional drillholes are being planned at Emu and other areas of the Bottle Creek Project to test the continuity of gold mineralisation at depth. RC drilling for resource definition is ongoing to advance updates to Alt's Bottle Creek resource of 109,500 oz Au, announced on the 16th August 2018.

    Notes:

    1 From drillhole EMRC117, 37-38m downhole

    2 From drillhole EMRC108, 56-57m downhole

    3 From drillholes EMRC112, 56-83m downhole, and EMRC121, 31-56m downhole, respectively

    4 From drillhole EMRC110, 47-48m downhole

    5 From drillholes CARC016, 20-21m downhole, and CARC015, 40-47m downhole, respectively

    6 See ARS announcement, 16th August, 2018: http://www.abnnewswire.net/press/en/94236/

    7 Note that the XXXX deposit is now named 'Cascade'

    To view tables and figures, please visit:
    http://abnnewswire.net/lnk/N1J1AG0H

    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

    0 0

    Kingston Resources Limited (ASX:KSN) (Kingston or the Company) is pleased to announce that drilling has resumed at the Livingstone Gold Project, northwest of Meekatharra in Western Australia. Contractors mobilised to site last week and commenced drilling up to 9,000m of RC and air-core holes intended to extend and infill mineralisation identified in the previous round of reconnaissance drilling.

    Highlights

    - 9,000m program to be drilled following up on recent exploration success

    - Priority target is the Kingsley prospect

    The first priority of this campaign will be to extend and infill mineralisation along the Kingsley prospect, where the last round of drilling identified grade along a strike length of 2km with results including 5m @ 6.56g/t Au(see Note below). Holes will also be drilled at the Drake and Dampier prospects to further define both areas.

    Kingston's Managing Director Andrew Corbett commented: "After receiving the excellent results from our last round of drilling at Livingstone we are excited to be back drilling the project. The initial target, Kingsley, is located within the Livingstone's Find area which is our biggest geochemical target. We've only properly tested a relatively small part of it and it's already generated some great results."

    The Company expects to have first assays in October.

    Note: ASX announcement 21 August 2018

    To view figures, please visit:
    http://abnnewswire.net/lnk/C4C7D289

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

    0 0

    The Board of The BetMakers Holdings Limited (ASX:TBH) (OTCMKTS:TPBTF) ("Company") is pleased to announce that the second tranche of the shortfall placement from the Company's recent entitlement offer ("Shortfall Placement") has been completed.

    The Company has today allotted 7,762,500 fully paid ordinary shares to raise $621K (before costs), being the second tranche of the Shortfall Placement.

    The second tranche of shares issued under the Shortfall Placement were issued to sophisticated and institutional investors in conjunction with the cleansing prospectus issued on 7 September 2018 pursuant to section 708A(11) of the Corporations Act.

    An Appendix 3B is attached.

    To view Appendix 3B, please visit:
    http://abnnewswire.net/lnk/036563U8

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

    0 0

    Brand Protection and Customer Engagement solutions provider YPB Group Ltd (ASX:YPB) has secured its first customer for Concept Tag, an anti-theft tag that dramatically reduces in-store theft rates. YPB has partnered with the Australian distributor and has a number of trials in train with major Australian retailers. Success rates are such that Concept Tag is expected to become a major revenue contributor to YPB over time.(see Note below)

    - Concept Tag, a highly effective advance in retail anti-theft

    - Trials at national retail groups in train, losses eliminated

    - Potential to become major revenue contributor (see Note below)

    - Retail brand protection creates opportunities for YPB Connect

    - First sale now contracted

    Developed in Europe, Concept Tag relies on a unique locking mechanism that is nonmagnetic, practically impossible to remove by force and cannot be removed from garments without the use of Concept Tags' patented Auto Electric Detacher technology. Its creators believe it to be the most innovative development in retail anti-theft in generations and that is being confirmed by YPB's discussions with Australian retailers.

    Theft rate reductions in the trials being conducted by YPB with major Australian retailers have certainly been dramatic. Concept Tag quotes average loss reduction of 66% amongst its UK clients but in recent YPB trials with one of Australia's largest sporting goods retailers, shoplifting dropped from an average of five high value items per day to zero in their highest theft store in Victoria. Other Australian retailers conducting trials with YPB are also seeing close to complete elimination of theft.

    Most current retail anti-theft tags are easily removed in store due to simple magnetic or hook locking mechanisms that have not changed significantly since their invention in the 1960's. Many shoplifters come equipped to disarm these tags. One of the benefits of Concept Tag has been criminal displacement - Concept Tag protected shops are simply avoided by thieves. Stock shrinkage costs Australian retailers AUD4.5bn per annum. (see Source below)

    YPB has made its first sale of a Concept Tag suite to a Sportszone franchisee in Darwin. This client will be a modest revenue contributor but due to the success of the trials to date and the level of retailer interest YPB expects Concept Tag to become a major revenue contributor in 2019. (see Note below)

    Retail Brand Protection is an extension of both YPB's brand protection and customer engagement businesses. It has valuable revenue potential in its own right and has shorter sales cycles than anti-counterfeit and customer engagement. More importantly it can act as the door opener to larger relationships with retailers and their suppliers for YPB Connect's proximity recognition capabilities and personalised customer engagement solutions. Proximity recognition may be used, for example, by a retailer in monitoring store foot-traffic and adjusting store layout in response, or in serving 'specials' direct to customers' phones in-store over Bluetooth. This functionality of YPB Connect leverages its capabilities in a range of technologies that allow the smartphone to become a direct to customer channel.

    YPB Executive Chairman John Houston said: "YPB has always stood for Brand Protection and with our existing capabilities in labelling products it is a short route to meaningful revenue for the Group both in Australia and in Asia. More importantly, it opens doors to national retailers and the possibilities for YPB Connect in-store are significant. Already, the first implementations of Connect with a national liquor group for in-store monitoring are generating moderate revenues to YPB.(see Note below) In the near term, Concept Tag is such an effective product that adoption by national retailers is likely later in 2018 and into 2019. It is a product highly differentiated by its effectiveness and fits neatly with our strategy of taking compelling IP-based solutions to sectors targetted because of compelling need."

    *Please note:

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

    Source: http://www.abnnewswire.net/lnk/K2ZP479Y

    Mr. John Houston 
    Executive Chairman
    YPB Group Limited
    E: john.houston@ypbsystems.com 
    
    Mr. Gerard Eakin
    Director
    YPB Group Limited
    E: eakin@manifestcapital.com
    W: www.ypbsystems.com

    0 0

    A field inspection by two Directors of Cervantes Corporation Limited (ASX:CVS) (Cervantes) of the Company's Primrose Project, centred on the Paynes Find Goldfield, was undertaken recently. The visit was prompted by discussions with Mr Doug Taylor, whose family are third generation miners in this historic and productive gold field. It was a prelude to finalising the exploration targets for the next drilling campaign that will be undertaken on the Company's properties.

    - Structural observations support Cervantes' model for a large tonnage gold target

    - Planning for the next drilling campaign is underway to test the gold mineralisation model

    Cervantes controls in excess of 8km strike length of the Primrose Shear.

    The aim of the field inspection was to better understand the results of drilling by the previous explorer, Paynes Find Gold Ltd (PNE), and how they fitted into the understanding of gold mineralisation so well known by the Taylor family.

    Historic gold lode geometry

    The historic workings in the project area were based on outcropping or subcropping, late stage, quartz-vein related gold mineralisation. This style of gold, while generally of a high grade, is discontinuous and size limited. Drilling by PGL focused on drilling beneath the large number of historic workings, some of which extended up to one hundred metres in depth and several hundred metres in strike extent.

    What was not apparent to PNE, however, was that the old workings had not exploited sheets of quartz lodes, but shoots of south plunging gold mineralisation within those lode systems. The probability of hitting this relatively narrow mineralisation with a single drill hole is extremely low, an outcome that is reflected in PGL's inability to define gold mineralisation of sufficient aerial extent as to define an attractive mining proposition.

    A second observation that became apparent during the field inspection was that the "lines of lodes" that were exploited were steeply dipping to the west, but became shallower dipping going east. The ramifications of this observation is that there is a line of convergence on the Primrose Shear to the west from which the auriferous quartz lodes emanate. That line of convergence is likely to be deeper than anything tested by PNE who, in any case, collared all their drill holes too far east to test anything but the shallowest parts of the Shear.

    These observations support Cervantes views that a structural interpretation previously undertaken by consultants has never been tested by adequate drilling. Cervantes intends to test the deeper parts of the west dipping Primrose Shear in a number of locations. Drill targets are now being worked up based on the recently announced AC sampling results, geophysical interpretations highlighting kinks in the Primrose Shear, and the understanding gained from discussions with the Taylors during the recent field visit. Programmes of Work are being submitted for this drilling.

    Additional drilling is being planned to test the elevated nickel-cobalt and gold areas in the southern permits, RAB results for which were previously reported (ASX release, 12 June 2018). This area is interpreted to be an analogue of the Emily May Nickel deposit, west of Norseman.

    A second round of deeper drilling is also being considered for the Pansy Pit. Previous drilling returned significant gold intercepts that indicated gold mineralisation was not necessarily restricted to major quartz veining (ASX release 8 August 2018.) These results demonstrate that there exists substantial gold mineralisation in the host rocks, giving the area a higher potential than previously thought.

    Planning is well underway for a drilling program to test regional targets on the Albury Heath Project. These have been interpreted from aeromagnetic data and may be repetitions of the gold mineralisation seen at the Albury Heath Mine. Additional drilling at that historic mine will follow up spectacular gold intercepts of up to 6 ounces per tonne, as announced to the ASX on 28 June 2018.

    The Directors look forward to this exciting program.

    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 figures, please visit:
    http://abnnewswire.net/lnk/T9L42HG7

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

    0 0

    The Directors present their report together with the financial report of the Consolidated Entity (or 'Group'), being Kingston Resources Limited (ASX:KSN) ('Kingston" or the "Company') and its subsidiaries, for the financial year ended 30 June 2018 and the independent auditor's report thereon.

    Review of Operations

    Kingston has had a transformational year to 30 June 2018. A number of significant events during the year have set the course for Kingston in FY19 and beyond. Of most importance was the acquisition of WCB Resources Limited, which brought with it a 49% interest in the exciting 2.8Moz Misima Gold Project in Papua New Guinea. Following this, Kingston exercised its option to acquire 75% of the Livingstone Gold Project in December 2017. With focus turning to the Misima Gold Project, a strategic review was undertaken to assess alternatives for the lithium exploration portfolio. This process successfully concluded in June 2018 with the sale of the Mt Cattlin lithium assets for $600,000, and then shortly after year end the agreed sale of Kingston's Bynoe and Arunta lithium assets for a further $1,800,000.

    With the strategy turning towards the Misima Gold Project, Kingston conducted an equity placement in February 2018, successfully raising $4.3m, alongside which an SPP raised a further $255,000. These funds enabled Kingston to move forward with drilling at Misima which, following several months of mobilisation, commenced in early May only six months post the acquisition of WCB Resources.

    Summary of Acquisitions

    - WCB Resources Limited (WCB): On 7 November 2017 WCB shareholders voted overwhelmingly in favour of the merger with KSN. On 17 November 2017, KSN issued 302,601,971 shares to WCB shareholders in exchange for their WCB shares, acquiring 100% of the company. WCB was subsequently delisted from the TSX.

    - Livingstone Gold Project: On 8 December 2017, KSN issued 16,413,039 shares to Trillbar Resources to acquire 75% of the project as per the terms of the option agreement entered into with Trillbar in December 2016.

    To view the full report, please visit:
    http://abnnewswire.net/lnk/W8U289JO

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

    0 0

    Collaborate Corporation Limited (ASX:CL8) (Collaborate or the Company) is pleased to announce its proposal to undertake a partially underwritten non-renounceable pro rata entitlement offer of approximately 77,389,732 new Collaborate shares (Shares) to raise approximately $1.16 million on the basis of 1 new Collaborate share for every 8 existing Collaborate shares held at an issue price of $0.015 per new Share (Entitlement Issue). The Entitlement Issue is partially underwritten by existing sophisticated investors of the Company (Underwriters).

    - Existing Collaborate shareholders underwrite up to $0.6 million of entitlement issue to be offered to eligible shareholders seeking to raise $1.16 million.

    - $0.58 million of funds to be advanced immediately to provide funding for growth.

    It is currently intended that the Company will lodge a prospectus for the Entitlement Issue with the ASIC and ASX on Friday, 14 September 2018.

    Eligible shareholders will be entitled to subscribe for an additional 1 Collaborate share per 8 existing Collaborate shares held on the record date under the Entitlement Issue, at a subscription price of $0.015 per Share. The Entitlement Issue price represents:

    - a 21.1% discount to Collaborate's closing share price on 7 September 2018, the last trading day immediately prior to this announcement;

    - a 22.6% discount to the 20-trading day VWAP of Collaborate's shares ending on 7 September 2018.

    Net proceeds of the Entitlement Issue will be used to provide funding for customer acquisition, support the launch of new initiatives and for working capital and general corporate purposes.

    The Underwriting Agreements will guarantee that the Company receives $0.6 million (Underwritten Amounts) before costs. The Underwriting Agreements contain terms normally found in agreements of this nature, including the usual indemnification and termination provisions and provide for an underwriting fee of 5% (excluding GST) on $550,000 of the Underwritten Amounts, being those amounts underwritten by the Unrelated Party Underwriters (as defined in Appendix 1 in link below).

    Adrian Bunter and Noone Holdings Pty Ltd, an entity associated with Chris Noone, both directors of Collaborate, will act as some of the Underwriters of the Entitlement Issue. The names of the other Underwriters are set out in Appendix 1 in link below.

    The Company also announces that it has executed agreements with certain Underwriters to provide a total of $575,000 as advances on the funds committed under the Underwriting Agreements (Advances). The Advances have been negotiated on an arm's length basis and attract interest of 3% of the amounts drawn upon under the Advances from Unrelated Party Underwriters (totaling $550,000). The key terms of the Advances are set out in Appendix 2 in link below.

    Chris Noone, CEO/ Executive Director of Collaborate, said "We appreciate the commitment shown by the shareholders who have underwritten the entitlement issue to support Collaborate's ongoing growth. Through the entitlement issue the Company seeks to extend the opportunity to all eligible shareholders to subscribe for additional shares in Collaborate at a discounted offer price of $0.015 per share. Directors will take up their full entitlement and have further underwritten additional amounts as they believe significantly in the opportunity available to Collaborate. I encourage all shareholders to take up their rights under the offer."

    To view Appendix 1 & 2, please visit:
    http://abnnewswire.net/lnk/0W4F20C1

    Collaborate Corporation Limited
    Tel: +61-2-8889-3641
    E: shareholder@collaboratecorp.com 
    W: www.collaboratecorp.com

older | 1 | .... | 282 | 283 | (Page 284) | 285 | 286 | .... | 321 | newer