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- 10/09/18--21:19: _ Argent Minerals Li...
- 10/10/18--15:38: _ Collaborate Corpor...
- 10/10/18--16:09: _ White Rock Mineral...
- 10/10/18--16:20: _ Emmerson Resources...
- 10/10/18--16:50: _ Kingston Resources...
- 10/10/18--17:13: _ MMJ PhytoTech Ltd ...
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- 10/11/18--15:21: _ The Hydroponics Co...
- 10/11/18--15:38: _ Lake Resources NL ...
- 10/11/18--16:27: _ MMJ PhytoTech Ltd ...
- 10/11/18--16:37: _ Core Exploration L...
- 10/11/18--16:38: _ Nova Minerals Ltd ...
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- 10/11/18--19:22: _ iSignthis Ltd (ASX...
- 10/11/18--20:25: _ FINANCE VIDEO: Sup...
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- 10/09/18--21:19: Argent Minerals Limited (ASX:ARD) Annual Report 2018
- 10/10/18--16:09: White Rock Minerals Ltd (ASX:WRM) Investor Presentation
- 10/10/18--17:14: MMJ PhytoTech Ltd (ASX:MMJ) CEO Investor Luncheon Invitation
- 10/10/18--17:16: MMJ PhytoTech Ltd (ASX:MMJ) Update on PTL Disposal and Suspension
- 10/11/18--15:21: The Hydroponics Company Ltd (ASX:THC) Investor Update Presentation
- 10/11/18--15:38: Lake Resources NL (ASX:LKE) Annual Report to Shareholders 2018
- 10/11/18--16:27: MMJ PhytoTech Ltd (ASX:MMJ) Portfolio Management Update
- 10/11/18--16:38: Nova Minerals Ltd (ASX:NVA) On-Market Buy-Back of Ordinary Shares
- 10/11/18--19:22: iSignthis Ltd (ASX:ISX) Supply Chain Update
- 10/11/18--21:39: Investigator Resources Ltd (ASX:IVR) Corporate Update
Argent Minerals Limited (ASX:ARD) provides the Company's Annual Report 2018.
KEMPFIELD ADVANCES TO LARGE SCALE POTENTIAL
- New development scenario potential identified
o Major zinc-silver-lead-gold project situated in large-scale mining growth neighbourhood.
- Significant Mineral Resource updated to:
o 100 million ounces at 120 g/t Ag Eq silver equivalent contained metals - approximately doubled;
o 520,000 tonnes Zn Eq at 2.0% Zn Eq zinc equivalent - newly reported in 2018.
- JORC-compliant Exploration Target estimated for further significant potential mineralisation:
o Additional 58 to 190 million ounces Ag Eq at 80 to 130 g/t Ag Eq contained silver equivalent;
o Additional 300,000 to 1 million tonnes Zn Eq at 1.3 - 2.1% Zn Eq contained zinc equivalent.
An Exploration Target is a statement or estimate of the exploration potential of a mineral deposit in a defined geological setting where the statement or estimate, quoted as a range of tonnes and a range of grade, relates to mineralisation for which there has been insufficient exploration to estimate a Mineral Resource. The potential quantity and grade of the Exploration Target is conceptual in nature, there has been insufficient exploration to estimate an additional Mineral Resource and it is uncertain if further exploration will result in the estimation of an additional Mineral Resource.
- Exploration and infill drilling programme announced
- Metallurgical breakthroughs
o Successful separation of primary material into potentially marketable, commercial grade zinc and lead concentrates also containing silver and gold;
o Substantial improvement in recoveries, including zinc up to 92% (from 50% historical assumption);
o Potential revenues led by zinc (45%), closely followed by silver (36%), then lead and gold.
- New 3D geology and exploration model
o Providing enhanced insight into potential mineralisation areas, to guide drilling target generation;
o Copper-gold footwall and several potential feeder zones identified for drill targeting.
- Agreement executed with Kempfield neighbours
o Facilitates large scale project advancement - land purchase option and 'No Challenge' provisions;
o 2 year term extendable up to 4 years.
WEST WYALONG PORPHYRY COPPER-GOLD-MOLYBDENUM MINERALLISED SYSTEM IDENTIFIED
- Substantial porphyry copper-gold-molybdenum mineralised system confirmed by maiden diamond drilling
o Multiple intrusives intersected over 2.5 kilometre north-south strike and 1.5 kilometre east-west extent;
o 4 square kilometre prospective area delineated;
o Big Cadia and Ok Tedi analogy indicated by the drilling results.
- Argent interest increased to 78%
o Right to earn up to 90%.
LOCH LILLY DRILLING YIELDS POSITIVE RESULTS REQUIRING FOLLOW UP
- Mineralisation potential analogous to Mount Read Volcanics Western Tasmania
o 51% interest earned by Argent during 2018, right to earn up to 90%.
- Maiden drill test of the Netley and Eaglehawk targets completed
o Both diamond holes intersected a series of porphyritic intrusives and alteration, with both assay sets yielding positive copper-gold porphyry geochemical suite results, and Netley yielding elevated copper.
ACQUISITIONS IN WORLD CLASS MOUNT READ VOLCANICS BELT WESTERN TASMANIA
- Ringville and Queensberry
o Strategic footprint acquired in productive high grade Mount Read Volcanics Belt:
o Ringville - strategically situated between two world class mines - the Rosebery high grade zinc-leadcopper- gold-silver mine owned by MMG Ltd, and the Renison Bell Tin Mine owned by Metals X;
o Queensberry - heavily populated with old mine workings including the historic Queensberry Mine, where production yielded grades of up to 40-56% lead, and 6-7 ounces/tonne silver.
To view the full report, please visit:
Argent Minerals Limited David Busch, Managing Director T: +61-2-9300-3390 E: firstname.lastname@example.org WWW: www.argentminerals.com.au
Collaborate Corporation Limited (ASX:CL8) (Collaborate or the Company) refers to its ASX announcement dated 14 September 2018 regarding the partially underwritten 1 for 8 non-renounceable entitlement offer of fully paid ordinary shares to existing eligible shareholders at an issue price of $0.015 each (Entitlement Issue).
Collaborate advises that a number of shareholders have contacted the Company requesting additional time to consider the Entitlement Issue information due to school holiday periods and recent ASX releases and updates to the market provided by the Company. Given this, the Board has determined to extend the closing date of the Entitlement Issue by one week to allow eligible shareholders some additional time to consider the offer under the Entitlement Issue.
Applications will now be accepted until 5:00 pm (AWST) on Monday, 22 October 2018.
The revised key dates for the Entitlement Issue are set out below:
----------------------------------------------------------- Event Date Closing Date 22 October 2018 Share quoted on a deferred settlement basis 23 October 2018 ASX notified of under subscriptions 24 October 2018 Issue date/Shares entered into Shareholders' security holdings 29 November 2018 Quotation of Shares under the Entitlement Issue 30 November 2018 -----------------------------------------------------------
All dates are indicative only. The Company reserves the right to amend any of the important dates without prior notice but subject to the Corporations Act and ASX Listing Rules.
As previously announced, the Entitlement Issue is partially underwritten up to a total of $0.6 million by existing sophisticated investors of Collaborate namely Hishenk Pty Ltd, Reefpeak Pty Ltd, Mishki Pty Ltd, Scintilla Strategic Investments Limited, alongside officers of the Company namely Chris Noone, Adrian Bunter and Karen Logan.
Eligible Shareholders are encouraged to participate in the Entitlement Issue and may take up shortfall in addition to their entitlements under the offer.
Any questions concerning the Entitlement Issue should be directed to Karen Logan, Company Secretary by email at email@example.com.
The Directors are pleased with the ongoing progress of the DriveMyCar business, demonstrated by the strengthening engagement with automotive manufacturers, fleet providers and dealers. DriveMyCar welcomes Cricks Tweed and Custom Fleet as strategic partners participating in its marketplace and providing a strong initial contribution in both size of fleet and number of handover locations for vehicles.
DriveMyCar is seeing increasing acceptance from large sectors of the motor vehicle industry, which is endorsing DriveMyCar's vision for the future of car usage and access.
We look forward to providing further updates on the business units in due course and as contracts are completed.
DriveMyCar is well positioned as the business approaches the warmer months, which typically represent the highest demand period of the year.
Collaborate Corporation Limited Tel: +61-2-8889-3641 E: firstname.lastname@example.org W: www.collaboratecorp.com
White Rock Minerals Ltd (ASX:WRM) provides the Company's latest Investor Presentation.
What is White Rock Minerals?
- High quality assets offering geological, geographical and commodity diversification for investors - Australia and USA.
- Exposure to zinc, silver, gold and lead - 3.7M ozs of gold equivalent.
- White Rock's flagship Red Mountain Project is a globally significant zinc and precious metals VMS Project
o 9.1Mt at 12.9% ZnEq grade.
o Modern exploration campaign to increase the known zinc - silver - lead - gold JORC resource as well as to discover further deposits - aimed to generate strong results and a high level of news flow.
o Cornerstone investment and strategic relationship with Sandfire Resources NL (ASX:SFR) (Sandfire).
- White Rock has a second ,100% owned, gold and silver project, Mount Carrington, with a JORC Reserve and on an ML.
- Strong potential for significant rerating when compared to our zinc and gold peer groups.
- Highly credentialed and highly regarded management team and board.
To view the full presentation, please visit:
Matthew Gill (Managing Director & CEO) Phone: +61-3-5331-4644 Shane Turner (Company Secretary) Phone: +61-3-5331-4644 Email: email@example.com Website: www.whiterockminerals.com.au
Emmerson Resources Limited (ASX:ERM) (OTCMKTS:EMMRF) announces NSW Exploration Update.
- Large scale pervasive alteration encountered from an enlarged auger drill program at the Whatling Hill project with geochemical results pending
- Correlation with previous encouraging rockchip samples have potential to greatly expand the copper and gold footprint of the underlying mineralisation
- Rock chip values of up to 2% copper and 0.25g/t gold in quartz stockwork veins within altered monzonite intrusives
- Recent age dating and "green rock" studies of alteration suggest similarities to other metal fertile Ordovician intrusive centres (e.g. Newcrest's world class Cadia-Ridgeway copper-gold deposit that contains resources of 8.7Mt Cu & 42Moz gold)
- New tenement granted to consolidate existing ground position at Fifield and Kadungle
- Ground based geophysical surveys planned for November to assist in defining drill targets
Emmerson's Managing Director; Mr Rob Bills commented:
"An expanded soil geochemical survey over our recently discovered Whatling Hill copper-gold project continues to exhibit the hallmarks of an early stage discovery. Alteration and quartz veining from this expanded auger drill program suggests extensions of the original mineralisation to the south. Assay results are pending and, if positive, will provide a focus for future geophysical and drilling programs.
"Emmerson has expanded its ground position in the region which demonstrates our confidence in the prospcetivity and potential. These copper-gold porphyry deposits typically cluster and we are in a very fertile metallogenic province, bounded by the Macquarie Arc and Lachlan Transfer Zone."
Whatling Hill (see Figures 1, 2 & 3 in link below)
Early indications from the expanded auger drill progam has encountered widespread pervasive epidote and chlorite alteration - consistent with intersecting the outer zone of a porphyry copper-gold system (see Figure 4 in link below). Whilst assay results are pending, it is anticipated that when combined with the encouraging rock chip results (ASX June 2018), the prospective footprint of such a system has expanded to over 4km2. This grid based auger program also intersected altered monzonite intrusives and volcanics which we believe are consistent with the host rocks of other similar, Ordovician aged poprhyry systems in the belt (for example the North Parkes and Cadia-Ridgeway deposits). This expanded soil grid covered previously reported copper and gold mineralisation from quartz stockwork magnetite veins within highly altered monzonite intrusives. This project (plus our five other NSW projects) were selected from the application of proprietary predictive targeting models, aimed to increase the probability of a major discovery of copper and gold.
Given that Whatling Hill has never been drill tested nor seen systematic exploration, the proposed exploration program aims to pinpoint the best parts of the mineralisation of what we now consider a large copper-gold system. Typically these porphyry style systems occur in clusters and this is why we have now expanded our ground holding in the Lachlan Transfer Zone of the Macquarie Arc.
The next stages of exploration at Whatling Hill include assaying and processing of the latest geochemical results, before pinpointing the best areas to undertake geophysical (Induced Polarisation) surveys. This will provide further insights into the underlying alteration and mineralisation ahead of drilling.
Other NSW Projects
The results of alteration and age dating from samples across our five other NSW projects continue to be assessed as part of our sponsorship of the University of Tasmania, CODES ARC Linkage project. This project aims to provide cutting edge science that complement our field based activities - mainly through analysis of the alteration (trace and rare earth elements within the outer green rock or epidote/chlorite zone). Initial findings at Kadungle and Fifield suggest we are within the geochemical footprint of a porphyry system. Moreover, age dating of the monzonite intrusion within the Raggatt Volcanics at Fifield yielded a Late Ordovician to Early Silurian age - consistent with dates of the mineralised intrusions at the world class North Parkes and Cadia-Ridgeway gold-copper deposits.
To view figures, please visit:
For further information, please contact: Rob Bills Managing Director and CEO E: firstname.lastname@example.org T: +61-8-9381-7838 www.emmersonresources.com.au Media enquiries Michael Vaughan, Fivemark Partners E: email@example.com T: +61-422-602-720
Kingston Resources Limited (ASX:KSN) (Kingston or the Company) is pleased to report new assays from follow-up drilling at the 75% owned Livingstone Gold Project in Western Australia.
- More highly encouraging assays confirm the broad potential of the discovery.
- Shallow intersections from Kingsley prospect include:
o 20m @ 2.94g/t Au from 4m in KLAC159
o 8m @ 3.03g/t Au from 12m in KLAC174
- Assays pending on 76 further holes from the Kingsley, Drake and Dampier prospects
Initial assays of 4m composite samples have been received from the first 30 of 76 holes at the Kingsley prospect (see Figure 1 in link below). Highlights include:
- 20m @ 2.94g/t Au from 4m in KLAC159
- 16m @ 1.25g/t Au from 128m in KLAC153
- 8m @ 3.03g/t Au from 12m in KLAC174
- 12m @ 1.65g/t Au from 48m in KLAC160
- 8m @ 1.58g/t Au from 36m & 8m @ 1.63g/t Au from 68m in KLAC164
- 16m @ 1.33g/t Au from 32m, including 4m @ 2.36g/t Au in KLAC168
This drilling on the western side of the Kingsley prospect adds definition to approximately 550m of strike. These early, very positive assay results indicate a number of sub-parallel mineralised lodes striking west-northwest and dipping steeply to the south, while remaining open at depth.
The current program consisted of 106 holes for approximately 8,000m covering the Kingsley, Dampier and Drake prospects. Assays are pending for the remaining holes across the three prospects including holes covering an additional 350m of untested strike west of previous drilling at Kingsley.
Kingston Resources Limited Managing Director, Andrew Corbett said: "Kingsley is shaping up as a highly mineralised series of structures over a large strike area, and it is delivering a great deal of added value to our 75%-owned Livingstone project in Western Australia. With assays pending from 76 more holes we look forward to reporting further results on this exciting discovery shortly."
To view tables and figures, please visit:
Kingston Resources Limited T: +61-2-8021-7492 E: firstname.lastname@example.org WWW: www.kingstonresources.com.au
MMJ PhytoTech Limited (ASX:MMJ) (OTCMKTS:MMJJF) ("MMJ") is pleased to attach a release from MediPharm Labs Inc ("MediPharm Labs") (TSX-V: LABS) announcing that it has entered into a Cannabis Concentrate Program Agreement with Emerald Health Therapeutics Inc ("Emerald") (CVE:EMH).
MMJ has CAD$5 million of equity invested in MediPharm Labs with 5.88 million shares (CAD$0.85 cost per share) and 2.94 million warrants (exercisable at CAD$1.20 per share by October 2020).
To view the release, please visit:
Investor and Media Enquiries: Jason Conroy Chief Executive Officer T: +61-2-8098-0819 E: email@example.com
MMJ PhytoTech Limited (ASX:MMJ) (OTCMKTS:MMJJF) (MMJ) is pleased to invite shareholders to hear its CEO Jason Conroy present at Proactive Investors' CEO Spotlight Investor Session in Sydney on Monday, 22 October 2018. MMJ will be one of five companies presenting on the day and a light lunch will be provided.
Venue: Radisson Blu Hotel, Marble Room, Corner Pitt and O'Connell Street, Sydney
Time: 12pm to 2.30pm
Registration: To book a seat, please register by Wednesday, 17 October 2018 at: http://www.abnnewswire.net/lnk/1P0PM059
Investor and Media Enquiries: Jason Conroy Chief Executive Officer T: +61-2-8098-0819 E: firstname.lastname@example.org
As announced by MMJ PhytoTech Limited (ASX:MMJ) (OTCMKTS:MMJJF) (MMJ or the Company) on 5 October 2018, MMJ's shareholders have approved the resolutions necessary for the disposal of PhytoTech Therapeutics Ltd (PTL) to Harvest One Cannabis Inc (CVE:HVT) (HVT) (Disposal).
As set out the prospectus dated 1 October 2018, the Company's securities will now remain suspended from official quotation pending the completion of the Company's re-compliance with ASX's requirements in Chapters 1 and 2 of the Listing Rules.
The Company is pleased to confirm it is advancing with the next steps to achieve re-compliance which include:
- working with HVT towards satisfying the remaining conditions to completion of the Disposal; and
- demonstrating, to ASX's satisfaction, that upon completion of the Disposal MMJ will comply with the relevant ASX listing requirements and any additional conditions imposed by ASX.
The Company advises that it has made the relevant re-quotation application to ASX, which ASX is now in the process of reviewing.
MMJ acknowledges that ASX has an absolute discretion in deciding whether to re-admit the Company however it is committed to assisting ASX in a timely manner and is confident that it will be reinstated to quotation in the coming weeks.
Investor and Media Enquiries: Jason Conroy Chief Executive Officer T: +61-2-8098-0819 E: email@example.com
The Hydroponics Company Ltd (ASX:THC) (OTCMKTS:HDRPF) provides the Company's latest Investor Update Presentation.
- 'Farm-to-Pharma' vertical integration
- Full-scale cannabis growing facility and combined growing and R&D facility
- Pharmaceutical GMP-ready bio-pharmaceutical manufacturing facility
- Toll manufacturing capability
- Testing and product development laboratory
- Products available to Australian patients
- Established international distribution and strategic partnerships
- Revenue generating Canadian hydroponics equipment and accessory wholesaler
- Expanding global cannabis footprint across Europe as well as Canada and New Zealand
To view the full presentation, please visit:
Ken Charteris Chief Executive Officer The Hydroponics Company Limited P: +61-2-9251-7177 E: firstname.lastname@example.org
Lake Resources NL (ASX:LKE) directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'consolidated entity') consisting of Lake Resources NL (referred to hereafter as the 'company' or 'parent entity') and the entities it controlled at the end of, or during, the year ended 30 June 2018.
The Company has advanced significantly this financial year in demonstrating the size and scale of its Kachi Lithium project and in securing access to its Olaroz-Cauchari Lithium Project. These two flagship projects are well positioned to deliver shareholders significant growth as substantial stand alone development projects to be developed solely or in conjunction with a strategic partner. Together with a further brine project and a hard rock project, these make Lake one of the largest lease holders of lithium brine and hard rock projects (~180,000 hectares) of a listed entity on the ASX.
The lithium project areas were pegged before the mid-late 2016 "rush" to acquire leases in Argentina. The Company completed a transaction on 14 November 2016 (announced May 2016) which acquired the unlisted company LithNRG Pty Ltd, with well-located prime lithium brine projects in three large packages of tenement applications around salt lakes in North West Argentina. The last remaining tranche of shares and options was issued in March 2018 upon completion of the last milestone, involving tenure at Olaroz-Cauchari.
Lake controls 100% of the subsidiary LithNRG Pty Ltd with its Argentine subsidiaries, Minerales Australes SA and Morena del Valle Minerals SA, and post 30 June, acquired control of Petra Energy SA which holds the hard rock leases.
A capital raising of $4.5 million before costs (33.33 million LKE shares at $0.135), by way of private placement, was completed in March 2018, with an attached 1-for-2 option at $0.20 (16.66 million options, expiry 15 Dec 2018). Broker options were issued as part of the transaction at $0.20 (9.5 million options, expiry 15 Dec 2018). On 4 April 2018 the Company issued 25,000,000 new Ordinary Shares in LKE at $0.05 per share following the conversion of Class A options, with an exercise price of $0.05. On 3 November 2017, the Company secured commitments to raise $1.665 million before costs by way of the issue of 1,665,000 unsecured notes (Notes) to sophisticated and professional investors with a right to purchase a 1-for-2 option at $0.20 (16.66 million options, expiry 15 Dec 2018), and these notes were repaid in April 2018. The three tranches of 20c options were converted into 42.81 million listed LKEO1 options (at $0.20, expiry 15 Dec 2018). on 18 June 2018, after a short form prospectus and shareholder approval.
The Company had 305,638,867 shares on issue at 30 June 2018, with 42,816,667 listed LKEO1 options at $0.20 (expiry 15 Dec 2018) and 19,200,000 listed LKEO options at $0.10 (expiry 27 Aug 2018) and 5,042,494 unlisted options at $0.05 (expiry 30 Nov 2018), 6,250,000 unlisted options at $0.05 (expiry 21 Oct 2019) and 9,500,000 unlisted options at $0.28 (expiry 31 Dec 2020), plus LTI Performance Rights of 2,500,000 with an option agreement over hard rock leases (now exercised post 30 June) which would result in an issuance of 19,000,000 LKE shares.
Lake has held a number of initial discussions with potential strategic partners and offtake partners, predominantly in China, Japan, Korea and India, to secure a down stream partner to develop each project, with a focus on the Kachi Project once the resource is released. The Company has engaged corporate advisors in Asia, North America and the UK, together with public research analyst commentary on the Company.
Corporate activity adjacent to the Lake projects has reaffirmed the prime location of the projects. POSCO announced the US$280 million acquisition of the northern resource of Galaxy's lithium brine project, approximately 100 km north of the Kachi Project. Post 30 June, Gangfeng Lithium (#2 lithium producer) announced the US$237 million acquisition of SQM's 37% of the Cauchari project, together with Lithium Americas - and this project is located 450 metres from Lake's Cauchari project.
To view the full report, please visit:
Steve Promnitz Managing Director Lake Resources N.L. T: +61-2-9188-7864 E: email@example.com
MMJ PhytoTech Limited (ASX:MMJ) (OTCMKTS:MMJJF) ("MMJ") notes that, as part of its active portfolio management approach, it has lodged a notice with the TSX Venture Exchange ("TSX-V") stating its intention to divest up to 5 million of its 53.333 million shares held in Harvest One Cannabis Inc. (CVE:HVT) ("Harvest One").
The notice is a Canadian regulatory requirement as MMJ's current shareholding of approximately 30% in Harvest One is more than the 20% ownership threshold. Lodgement of the notice permits MMJ to divest the shares at any time at its discretion, either through the TSX-V and/or direct with private buyers, after the expiry of a seven-day notice period.
It is also worth noting that, on completion of the sale of PhytoTech Therapeutics ("PTL"), MMJ's shareholding in Harvest One will increase by the equivalent of CAD$6.86 million divided by the 10-day volume weighted average price of Harvest One shares preceding settlement of that sale.
MMJ's CEO Jason Conroy commented that "After being fully-invested since the end of July, and with a significant shareholding in Harvest One that will soon increase on completion of the PTL sale, it is prudent to be both ready and able to trim our ownership stake so we can participate in other cannabis sector investment opportunities as they arise."
Core Exploration Ltd (ASX:CXO) ("Core" or the "Company") is pleased to announce that the Mineral Resource for its 100%-owned Napperby Uranium Deposit in the Northern Territory has been re-estimated to follow the JORC 2012 Code guidelines. The Napperby Uranium Inferred Mineral Resource estimation defined by SRK Consulting comprises 9.54Mt at 382ppm U3O8 for 8.03 Mlb of contained U3O8 at a 200 ppm U3O8 cut-off (see Table 1 and Figure 2 in link below).
- The Napperby Uranium Resource has been re-estimated to 2012 JORC Code-Inferred Mineral Resource of 9.54Mt at 382ppm U3O8 for 8.03 Mlb of contained U3O8 (at a 200 ppm U3O8 cut-off)
- New Mineral Resource estimate reflects an improved grade and increased contained uranium from the historic 2004-JORC Resource
- Napperby is one of the few undeveloped uranium deposits in Australia within a favourable jurisdiction where uranium is currently produced
- Significant potential remains to grow Napperby through further drilling of the immediately surrounding mineralisation
- In addition, there is substantial potential for additional uranium mineralisation within Core's large 714 km2 prospective project area at Napperby
- Core has been contacted by multiple parties expressing interest in Napperby, and will assess various avenues to maximise the value to Core shareholders, whilst our focus remains on the development of the Finniss Lithium Project
- Uranium spot price has increased by 35% over past year as new reactor builds come on-line globally
- Innovative ore processing technologies are improving economics of similar uranium projects in Australia and Africa
Napperby also includes significant Vanadium mineralisation that represents a 9.54Mt Inferred Mineral Resource at 236ppm V2O5.
Only a quarter of the known mineralised area defined by Uranerz in the 1980's at Napperby has been drilled to sufficient density to estimate a mineral resource. The larger mineralised area (25km x 5km) surrounding and adjacent to the deposit has strong potential to be incorporated into Mineral Resources through further drilling (see Figure 1 in link below).
Core is also confident that further calcrete uranium mineralisation can be defined in the 750km2 project area held by the Company (see Figure 3 in link below). Potential for additional calcrete-style uranium mineralisation in the district is also highlighted by the nearby Cappers uranium resource of 7Mlb at 145 ppm U3O8 (Energy Metals Annual Report 2017; see Figure 3 in link below).
The mineral resource re-estimation by Core supersedes a previous estimation carried out under the 2004-JORC Code by Toro Energy (Deep Yellow ASX release 9/9/2016; CXO ASX release 15/2/2017) and has resulted in an increase in the contained U3O8 tonnes and an improvement in average grade.
Companies such as Paladin Energy, Toro Energy and Marenica Energy are developing techniques to beneficiate mineralised material prior to delivery to a leach-processing plant. These new beneficiation improvements are designed to provide a step change to the development-economics of shallow calcrete-type uranium deposits like Napperby. For example, Marenica's U-pgradeTM technology has demonstrated on bench-scale to concentrate uranium by a factor of 50, while reducing the mass to 2% of the original feed, with process recovery >70% (MEY:ASX 25/09/18).
Most importantly, Napperby is located in the NT, a low-risk Australian jurisdiction with a long consistent history of uranium production. The Ranger Uranium Mine in the NT has been operating since 1981.
In the context of the uranium price increasing 35% over the past 12-months, Core has received expressions of interest from multiple parties with respect to Napperby. As at October 2018, globally there are about 50 new reactors under construction, compared to 450 operating in 30 countries.*
To enable Core to remain focussed on the development of the Finniss Lithium Project and also achieve full value of the Napperby Uranium Deposit for shareholders, Core will now commence engaging with these parties regarding a sale or partial sale of Napperby.
Core's MD Stephen Biggins commented:
"The upgrade of Napperby to JORC 2012 guidelines is particularly exciting during a time of increasing uranium prices. Core notes with interest that the spot uranium price has increased close to 35% over the past year.
We remain committed to moving as quickly as possible towards development of our Finniss Lithium Project, and to this end, with the Resource estimate now completed, we can move forward on divestment discussions on Napperby to extract value for Core shareholders"
------------------------------------------------------------------- Cut-off Ore Tonnage Grade U3O8 Metal Metal Vanadium (U3O8 ppm) (Mt) (ppm) (U3O8 t) (U3O8 Mlb) (V2O5 ppm) ------------------------------------------------------------------- 200 9.54 382 3643 8.03 236 -------------------------------------------------------------------
Summary of Mineral Resource Estimate and Reporting Criteria
The results of the Mineral Resource Estimate ("MRE") are provided in Table 1 and Figure 4(see link below).
Background and Scope
The Napperby Uranium Deposit was originally discovered by CRA Exploration and Uranerz in the late 1970's during the course of regional auger drilling exploration. By the early 1980's they had defined a mineralised zone over some 20 kilometres in strike length (outlined in Figure 2 in link below), then named "New Well" Prospect, via aircore drilling (820 holes).
Following a period of quiescence in the uranium market, Deep Yellow Ltd undertook an initial drill program of aircore and auger in 2005-2006, covering a small part of the resource outlined herein (831 holes). Under an option agreement, Toro Energy Ltd (Toro) undertook further exploration in 2006 to 2009, including detailed aircore, sonic and auger drilling programs (1,475 holes). This led to the estimation of a resource in 2009, the data from which is the basis of the current re-estimation. The project has since been dormant in the face of a depressed uranium market and was relinquished in 2017. Core applied for and was granted EL31449 and now has 100% ownership of all minerals.
SRK Consulting was contracted by Core to undertake the MRE for the Napperby Uranium Deposit. SRK undertook the previous MRE for Toro Energy in 2009 using similar methodologies, however, the data has effectively been re-assessed and a new block model developed. SRK built a new mineralisation model using Leapfrog and Vulcan software, taking the original 2009 model parameters into account. There have been no further drillholes considered as part of the re-estimation. Only chemical assay data has been utilised for this MRE.
Geology and geological interpretation
The extensive mineralised zone at Napperby occurs within 3 to 8 metres of the surface in semi-consolidated and unconsolidated sediments along a Tertiary palaeochannel that flows into Lake Lewis. While it is classed as "calcrete style", it is almost exclusively hosted by clayey sand sediments below the calcrete surface. In this respect, it is geologically similar to a number of operating and approved calcrete-uranium projects in Australia and Africa, including Yeelirrie (Cameco), Wiluna (Toro) and Langer Heinrich (Paladin).
Uranium is exclusively contained in a bright yellow vanadium-bearing mineral called carnotite (see Figure 5 in link below). It is regarded as forming during the process of outflow of groundwater into an evaporative environment, whereby the uranium precipitates as a vanadate in the near surface. Most calcrete style deposits are modern accumulations that are actively moving along the groundwater system. They are thus affected by the disequilibrium between uranium and its radiogenic daughter isotopes that are measured by tools such as gamma ray probes. The use of chemical assays overcomes any issues associated with disequilibrium.
Drilling techniques and hole spacing
The Napperby drill hole database used for the MRE contains a total of 900 holes:
- Deep Yellow - Auger drillhole assays and collars (prefix "NP"): 262 holes
- Toro Energy - Auger drillhole assays and collars (prefix "NA"): 123 holes
- Toro Energy - Sonic drillhole assays and collars (prefix "NS"): 515 holes
All of holes have been drilled in a vertical orientation to depths of up to 17m, but the average is 9.4m deep. None of the aircore holes have been used for the MRE.
The Deep Yellow drilling is on a different grid orientation and spacing to the Toro drilling (see Figure 1 in link below). The Toro holes are mostly on 100 x 100 m grid and cover a total area of ~740 ha, whereas the Deep Yellow holes are on a 50 x 50 m grid, covering ~57 ha.
Sampling and sub-sampling
Auger drillholes were sampled on either a 0.5m or 1m basis, with a large split collected from the bulk spoils at site via either channel sampling (Deep Yellow) or riffle splitting (Toro).
Sonic cores of average 0.5m length were cut in half at site and submitted to the laboratory without further splitting.
Sample analysis method
The samples upon reaching the laboratory were sorted and dried. Primary preparation has been by Boyd crushing the whole sample. The samples were then split to obtain a sub-fraction, which has then been pulverised to 90% passing 75microns m.
Toro assayed for a multi-element suite that included U and V at ALS Laboratory by 4-acid-digest ICP-AEA, ICP-MS and XRF pressed pellet, the latter being the routine method. Detailed trials were undertaken to establish the preferred (reliable) method. Matrix-matched standards were created from this process, using a variety of other laboratories and methods, including NAA at Becquerel.
Deep Yellow assaying was done at ALS Laboratory by XRF pressed pellet for U and V.
Standards, blanks and duplicates have all been applied in the QAQC methodology. Sufficient accuracy and precision have been established for the type of mineralisation encountered and is appropriate for QAQC in the MRE.
The MRE for the Napperby Deposit has been reported at a cut-off grade of 200ppm U3O8, which represent the most likely cut-off compared to similar style deposits, but the choice will depend on economic assumptions to be determined by Feasibility Studies. Grade-tonnage curve shows the sensitivity of the resources to the cut-off grade (see Figure 4 in link below).
A top cut of 2,500 ppm U3O8 was applied, based on results of statistical analysis and variography.
Marenica's U-pgradeTM technology has demonstrated on bench-scale to concentrate uranium by a factor of 50, while reducing the mass to 2% of the original feed, with process recovery >70%. To date, Langer Heinrich is the only deposit of this "calcrete style" to be developed and operated. Core believes it will able to take advantage of modern advances in beneficiation, such as optical and X-ray sorting, to develop a functional beneficiation technique.
If these techniques prove successful, it is inevitable that a lower cut-off grade can be applied to mining. This is very important for Napperby, as the Grade-Tonnage curve is steep at lower grades, potentially increasing the economic uranium in the current wireframe to 12.88 Mlb at 50 ppm U3O8 cut-off (see Figure 4 in link below). This is not inconceivable, as many calcrete resources are now estimated at these low cut-offs, for example, the Marenica Project resource is 276Mt at 94ppm U3O8 for 57 Mlb using a 50ppm cut-off.
The mineralisation model was built following the same method described in SRK's 2009 MRE for Toro, with a 50 ppm cut-off to define the footwall and hanging wall. The modelling was done using a combination of Leapfrog and Vulcan software to obtain a reasonably smooth envelope reflecting the mineralised layer as well as possible within the constraint of the large drill spacing (50 m or 100 m typically) compared to a very narrow vertical thickness (a few metres maximum). A plan view of the model is shown in Figure 2(see link below).
There are several considerations that drive the choice of estimation method:
- Link with the likely mining method and mining selectivity: The Napperby mineralisation will likely be mined by open pit, possibly using some form of continuous miner. At the mining stage, the mineralisation will be defined by grade control, probably through gamma measurements.
- Link between drilling density, mining selectivity and the continuity of the grade: In an ideal scenario, SMU size blocks are estimated directly by Kriging, for instance. Unfortunately, given the current drilling density and limited grade continuity, this is not an option and it was necessary to use a non-linear estimation method, where the proportion and grade of SMU parcels are estimated within suitably large panels.
- Tests done by SRK and described in SRK's 2009 report show that a Gaussian-based uniform conditioning method is applicable to Napperby.
Uniform conditioning is performed in two steps:
1. Ordinary Kriging of panels of a suitable size which will give the grade to which the local grade-tonnage curve will be conditioned
2. Estimation within each panel of the proportion of ore above a given cut-off grade and its average grade for a given SMU size.
Note that uniform conditioning is only used for U3O8; estimation of V2O5 is done by ordinary Kriging as there are less composites to consider.
The mineralisation model indicates a 50 x 50 x 1 m panel size is the most appropriate to use. The SMU size depends essentially on the selectivity of the mining operation and this has not yet been studied in detail. However, it likely that there is potential for very selective mining based on the possible use of continuous miners and radiometric data for grade control. Based on a plausible SMU, SRK chose blocks of 10 x 10 x 1 m.
An average density of 1.73 t/m3 was applied for the MRE, which was established in a 2007 study undertaken by FinOre. Density data was also supplied by Core via various other methods is consistent with the expected values for the lithologies present and the degree of porosity.
The re-estimated MRE differs from that carried out in 2009 for Toro, with a slightly decreased gross tonnage (9.34?9.54 Mt; 2%), increased grade (359?382ppm U3O8; 6%) and increased contained U3O8 (7.39?8.03 Mlb; 9%) at a 200 ppm U3O8 cut-off, which are linked to a tightening of the mineralisation model and the use of a higher top-cut.
The current drill spacing is too wide to adequately understand the lateral continuity of the mineralisation, and the local estimation of 50 x 50 x 1 m panels is therefore of lower confidence. In addition, in the drilled areas of higher density where Deep Yellow holes are present, there is potential bias with respect to the Toro drillholes. Because of these uncertainties, the Mineral Resources are classified as Inferred according to the JORC Code (2012) guidelines. The classification reflects the view of the Competent Person.
Mining and Metallurgy
No detailed mining methodologies or metallurgical recoveries have been applied to the MRE. The comparable style Wiluna Deposit in WA (Toro) will be mined by open pit, possibly using some form of continuous miner. At the mining stage, the mineralisation will be defined by grade control, probably through gamma measurements. Metallurgical sighter test work was carried out by Toro for Napperby and found similar characteristics to other calcrete style deposits. Further test-work is planned by Core to determine the metallurgical amenability of the mineralization to on-site beneficiation, where there has been considerable technological advancement in recent years.
Eventual Economic Extraction
It is the view of the Competent Person that at the time of estimation there are no known issues that could materially impact on the eventual extraction of the MRE.
To view tables and figures, please visit:
For further information please contact: Stephen Biggins Managing Director Core Exploration Ltd T: +61-8-7324-2987 E: firstname.lastname@example.org For Media and Broker queries: Andrew Rowell Director - Investor Relations Cannings Purple M: +61-400-466-226 E: email@example.com
The directors of Nova Minerals Limited (Nova or Company) (ASX:NVA) (FRA:QM3) announce today an on-market buy-back of ordinary fully paid shares in the Company up to a value of $500,000 (Buy-Back).
The Buy-Back is intended to improve shareholder returns, enhance capital efficiency while maintaining the Company's flexibility to pursue growth and other means of generating shareholder value.
The Company has moved quickly and accomplished a lot in a relatively short period of time across its project portfolio. Further details of the Company's progress and its long-term vision and value creation strategy are set out in its ASX announcements titled "Corporate and Operational Update" (8 October 2018) and "CEO's Letter to Shareholders" (6 August 2018).
The results of the Company exploration campaigns have been promising and the Company intends to continue to seek to achieve its published exploration and fast track objectives. However, the Company is also in the process of assessing new ways of achieving these objectives with external funding through the prospect of spinning off the Company's Thompson Brothers Lithium asset on the TSX.V and through potential future funding partners or future raisings in a preferable market environment.
Given prevailing market conditions, Nova's board believes that a Buy-Back is in the Company's best interests and will not compromise its ability to meet its stated short to medium term exploration objectives.
The Buy-Back is expected to commence from 1 November 2018, and will remain in place for a period of up to 12 months or until completed provided that Nova may vary, suspend or terminate the Buy-Back based on its prevailing view of market conditions and other factors which it considers may affect shareholder interests.
The shares that are subject of the Buy-Back will be purchased at a price of not more than 5% above the 5-day volume weighted price of Nova's shares (at the time of trade).
The Company has appointed PAC Partners (see Appendix 3C) to conduct the Buy-Back on its behalf.
Please find attached an Appendix 3C issued by the Company.
NVA Managing Director, Mr. Avi Kimelman said:
"The buy-back program will not impact Nova's existing fast track strategy. Given the Company's planned spin-off of the Thompson Brothers Lithium Project as well as our confidence in Nova's strategy and the fundamental value of our projects, the Board considers that a share buy-back provides the most appropriate use of the Company's capital at this point in time for greater shareholder value."
"Nova will maintain the flexibility to respond to changes in market conditions and take advantage of opportunities as they arise in the future."
Nova Minerals Ltd P: +61-3-9614-0600 F: +61-3-9614-0550 WWW: novaminerals.com.au
Cryptocurrency Exchange Binance.com (CRYPTO:BNB) will open trading for RVN/BNB (CRYPTO:RVN) and RVN/BTC trading pairs at 2018/10/12 04:00 AM (UTC). Users can now start depositing RVN in preparation for trading.
Ravencoin Listing Fee: 0 BNB
What is Ravencoin? To us, the RVN community, it's a new open-source project intended to see if a use case specific blockchain designed to be focused on the transfer of assets can develop technology which provides security or functional advantages for certain projects. Specifically working on things like RSK, which will allow Solidity to work on this chain, will be huge for Ravencoin in the future. RVN was launched January 3rd, 2018 with very little info regarding the future of the project. Since then, several community members have learned that there is an active development team on this coin, and the super clean wallet client and lightning fast network are only the beginning. The RVN team is launching their coin in the spirit of Bitcoin, code first. We hope to keep you updated in this thread as to work being done on RVN, as that information becomes available to us. But you don't need to wait for us or take our word for it.
Ravencoin is open source and ANYONE is free to contribute to the project, please, join the team in GitHub!
Ravencoin was launched in the interest of fair distribution. There is no ICO, no pre-mine, and you can mine RVN on readily available consumer-grade hardware! Several of us have been mining this coin since launch, and can attest that you can still currently hit blocks solo mining with your CPU through the wallet client, how long this will last, we can not say (Update: as of this writing February 2018, 6 RVN pools exist, solo mining has officially become difficult). We have learned, however, that the team is very dedicated to making RVN an ASIC resistant project now and into the future. We believe in RVN as a project and aim to help the project grow, and we're happy to have you join us!
Max Supply: 21,000,000,000
Circulating Supply: 1,998,605,000
Issue Price: $0.030000
To view the Whitepaper, please visit:
Binance E: firstname.lastname@example.org WWW: www.binance.com Ravencoin WWW: www.ravencoin.org
Liquefied Natural Gas Ltd (ASX:LNG) (OTCMKTS:LNGLY) provides the Company's 2018 Annual Report.
We are pleased to report to our shareholders that liquefied natural gas (LNG) demand is in a period of rapid expansion. Strong global economies coupled with demand for cleaner fuels is driving this growth.
For LNG suppliers, the 2017/18 winter market ended on a high basis, with Asian LNG prices close to $US10 per million BTU. These higher prices were achieved even with the global LNG market absorbing approximately 30 million tonnes per year of additional supply. These outcomes were in stark contrast to 2016/17 forward market forecasts thereby indicating acceleration in LNG demand and potentially future supply constraints.
These positive market indicators continued throughout 2018 with seasonally robust spot LNG prices, a strengthening European natural gas market, and an overall stronger energy market globally. These factors all contribute to a business environment supportive of new LNG investment reflecting the following emergent themes:
- Gas displaces coal;
- Increasing global electrification;
- Non-traditional markets view gas as a preferred fuel;
- Gas and LNG play an important role in lowering the carbon intensity of economic growth;
- Gas provides reliable power that supports renewables; and
- As gas demand grows; LNG demand grows faster.
With increasing demand and unsustainably low numbers of recent financial investment decisions (FIDs) for new liquefaction facilities globally, a tighter LNG market will unfold. As such, we believe Liquefied Natural Gas Limited is extremely well positioned to bring new LNG supply to the market in a timely manner.
Our Magnolia LNG project is the most mature of all the competing U.S. Gulf Coast greenfield LNG projects. Likewise, our Bear Head LNG project is fully permitted and is looking to partner with producers to export gas to global markets. In addition, our OSMR(R) liquefaction technology provides environmental attributes coveted by the evolving global gas markets. Coupled with the industry knowledge and project execution experience of our team, we are excited by the current opportunities.
We are now working extremely hard to progress our projects to a positive financial investment decision. The combination of the "shovel-ready" Magnolia LNG project with increasingly supportive market conditions fuels our confidence to achieve success. We anticipate to contract facility off-take from world class credit worthy companies and to begin construction of the project.
On behalf of the Board, we thank you, our Shareholders, for your continued support and we look forward to continuing our progress in the next fiscal year.
I am pleased to introduce the Annual Report for the year ending June 30, 2018.
To view the Annual Report, please visit:
Liquefied Natural Gas Limited Telephone: +61-8-9366-3700 Facsimile: +61-8-9366-3799 Email: LNG@LNGlimited.com.au Website: www.lnglimited.com.au
iSignthis Ltd (ASX:ISX) ("the Company") advises that it has resolved its supply chain issues associated with its settlement bank.
- Settlement Bank supply chain issues resolved
- ISXPay receiving funds from card processing partners
- Bank Institution Code (BIC) broadcast as 'live'
The Company is receiving funds from its card processing partners, including JCB, into its account held with its banking partner that is replacing Koebanhavn Andelskasse, and will be in a position to settle merchants directly within the next week to ten days.
The Company has been advised that as of yesterday, it's Bank Institution Code (BIC) of ISEMCY22 was broadcast as being "live", allowing the Company to commence final tests of its SEPA scheme credit transfer facilities, together with the mechanism to allow deposits to Company generated International Bank Accounts (IBAN), from other banks.
These tests will continue for approximately one week, after which time the Company will be in a position to offer eMoney accounts underpinned by IBAN, with the ability to transfer funds ex ISXPay IBAN account to any SEPA bank and IBAN via SEPA credit transfer.
Further details to follow in the next week to ten days.
iSignthis Ltd T: +61-3-8640-0990 F: +61-3-8640-0953 E: email@example.com WWW: www.isignthis.com
Superior Lake Resources (ASX:SUP) has released details of a restart study for its Superior Lake zinc project ('the Project') in Canada. Highlights of the announcement include the following.
- Restart study confirms robust economics forecast:
o post-tax net present value 10% - US$158 million;
o low all in sustaining operating costs ('AISC') - US$0.51/lb (lowest global cost quartile);
o low initial capital costs - US$75 million.
- Initial mine life 6.5 years, with excellent potential to increase - exploration target 2.1 to 5.2 Mt grading between 13.3% and 15.4% Zn.
- Annual average concentrate production of 88,000 tpa Zn and 6,700 tpa Cu.
- Fully funded definitive feasibility study commenced - due for completion mid-2019.
Analyst comment: this is a strong result for SUP, given that it took control of the Project less than 12 months ago. The standout feature of the study was the low AISC of US$0.51/lb (C1 cost US$0.39/lb), which ranks the Project in the lowest cost quartile of zinc producers globally. It ensures that the Project will remain profitable in the future, even if the zinc price deteriorates (current spot - US$1.21/lb), which appears unlikely in the near term in that zinc stockpiles remain at near record lows, with limited new supply forecast to enter the market.
Virtual site trip: we recently visited the Project in Canada and were impressed. As expected, the surrounding infrastructure is world-class. Moreover, existing development at the site, which will be utilised in the future, has keep capital costs relatively low for a project of this type. We encourage investors to view our virtual site trip by visiting http://thesophisticatedinvestor.com.au
Valuation: in light of the restart study, we have provided an initial valuation target for SUP of $0.12 / share (share price $0.045 / share). We determined this valuation by via a DCF valuation on the Superior Lake project at a discount rate of 10%. For more details of the key assumptions underlying our valuation, watch the attached video.
To view the video, please visit:
Adam Kiley Director TSI Capital Pty Ltd E: firstname.lastname@example.org
Investigator Resources Limited (ASX:IVR) ('Investigator') is pleased to provide the following updates in relation to its previously announced reviewed corporate strategy and existing projects.
PARIS SILVER PROJECT
The Paris Silver Prospect is Investigator's key asset where a JORC (2012) Mineral Resource estimate of 42 million ounces of silver and 55 thousand tonnes of lead positions Paris, in Investigator's opinion, as one of the best undeveloped silver projects in Australia and offers shareholders significant upside to the silver market.
Used primarily for electrical circuitry and for its natural biocide qualities, the price of silver having historically seen values in excess of US$40/oz, has in 2018 fallen to under US$15/oz - see price chart below (see link below).
As reported earlier this year (IVR ASX Release: 7 May 2018), follow up work to the 2013 metallurgical testwork (IVR ASX Release: 21 October 2013) conducted by Core Metallurgy ('Core') had been commissioned with the principal objective of defining opportunities to improve the metallurgical recoveries and support the Paris Project Pre-Feasibility Study ('PFS').
In the 2018 study, Core carried out gravity, flotation and leach testwork aimed at improving silver recoveries, as well as identifying methods to recover lead/silver concentrate which were not examined in 2013. This work was focussed on samples taken from 4 distinctive mineralogical domains, being:
- Breccia Oxide;
- Breccia Transitional (without Carbonate/ Magnesium);
- Breccia Transitional (with Carbonate/ Magnesium); and
The objective was to determine if selective processing could improve recoveries. The findings of this work were reported in the Investigator ASX announcement in May 2018. With conventional cyanide leach trials delivering silver recoveries within a range of 65% to 89% - averaging around 74%.
As a result of this work, the poorly recovering BT Transitional (without Carbonate/Magnesium) domain was subdivided into two essentially geological sub-domains, IGB (Ignimbrite) and BT2 (Breccia Transitional Revised). Limited additional testwork was completed on samples from these two sub-domains aimed at quantifying their lithological and/or surface oxidation-related characteristics to silver recovery.
Testwork was completed on all composite samples representing each domain separately in order to support flowsheet development and produce commercially traded products or intermediates. This included the option of recovery via various gravity methods.
Overall, the work identified alternatives to enhance lead recoveries and improve the gross revenue of product, however average silver recoveries remained at approximately 74%.
Pending review, further metallurgical test-work and flowsheet optimisation on the Paris Project has ceased. Core identified a number of additional processing options which may incrementally lift recoveries, however this test-work is not warranted at this time. There has been sufficient information generated to understand the key parameters of the Project's performance.
A number of North American silver specialist metallurgists are known to the Company. The findings of the final Core report will be peer reviewed with the objective of defining any future work that can improve the Project's performance at a time when silver economics improve.
The Maslins project is a high profile IOCG tar-get located on the Stuart Shelf (IVR ASX Re-lease: 24 July 2018). Magneto-Telluric surveys by Geoscience Australia and proprietary data compiled by Investigator (including gravity, magnetics and synthesis of regional drillhole data) defined a drill target considered by the Company to be realistically analogous to Olympic Dam.
Maslins has generated significant interest from several parties and discussions are in progress with the objective of having a partner enter a Farm-In/Joint Venture Arrangement to fund the proposed drilling program. Whilst later than preferred, the delay in concluding an agreement with an incoming partner has enabled other prospective parties to be canvassed.
As was announced on 16 August, Mr John Anderson stepped down from his role of Managing Director and CEO. At that same time, a number of roles within Investigator were made redundant. With the reduced focus on the Paris Silver Project and the strategy to limit expenditure on higher risk early stage exploration properties personnel numbers have been reduced from 8 to 3.
All expenditures are being critically reviewed to ensure conservation of current cash reserves.
A number of early stage tenements, which have an attendant high risk, have been identified as non-core and have either been relinquished or will not be renewed upon expiry.
The Thurgla Joint Venture ('JV') with Andromeda (ASX:ADN) over the tenement area to the West of the Peterlumbo (Paris Project) tenement package is considered to offer insufficient benefit to warrant further expenditure. Investigator has notified Andromeda of its intention to terminate the JV. The process to return Investigator's JV interest, without future liability, has commenced.
As was previously advised, the Board of Directors of Investigator Resources Limited have determined that the near-term focus of the Company shall be to acquire a high-profile advanced exploration project, without re-striction as to commodity or jurisdiction.
In addition to a number of projects that had been previously offered to Investigator, numerous other opportunities have been re-viewed over the past few months. This work has extended from simple desk-top reviews through to detailed investigative site visits and due diligence reviews. It is intuitively obvious that high value projects cannot necessarily identified and cheaply or easily acquired. They are in fact rare and the acquisition pro-cess is intensive. However, the Investigator Team is confident that the process will add value for Investigator shareholders in a timely manner.
This work is the current main focus of Investigator and updates will be provided on a regular basis.
To view figures, please visit:
Mr Andrew McIlwain Acting CEO/Director Investigator Resources Limited E: email@example.com T: +61-8-7325-2222
DroneShield Ltd (ASX:DRO) (OTCMKTS:DRSHF) ("DroneShield" or the "Company") is pleased to announce that it has been accepted as a member of the Border Security Technology Consortium ("BSTC" or the "Consortium"), a consortium focused on supporting the United States Customs and Border Protection ("CBP") and other potential customers within the United States Department of Homeland Security ("DHS") in providing collaborative R&D and rapid prototyping/piloting capabilities germane to the border security domain.
- DroneShield becomes a member of the Border Security Technology Consortium ("BSTC").
- A faster path to contracting with the U.S. Government in the border security area.
DroneShield was approved to join BSTC as it meets key core capability requirements for the Consortium's key competence areas including surveillance and monitoring, identification and assessment, targeting and intelligence, communications and information management, apprehension/detention/seizure/removal and other border security-related capabilities.
As a member of BSTC, DroneShield will gain access to the consortium's innovative contracting methodologies that leverage both governmental and consortia technological, financial, and human resources to meet the United States border security requirements and close capability gaps.
Oleg Vornik, Chief Executive Officer of DroneShied commented, "DroneShield is honoured to be accepted into the BSTC. Drones are increasingly used for nefarious activities across the borders, and we look forward to working with the relevant authorities to assist with this growing problem."
Recentlly reported border related incidents involving nefarious use of drones included:
- October 2018: Drones swamp US-Mexico border but federal agents powerless to stop them.
- May 2018: Drones used along the Gaza border to drop explosives on Israeli communities.
- June 2018: Drones used to scout the US border for vulnerabilities by smugglers.
- June 2018: Pakistan drug smugglers cross Indian border with drones believed to be carrying heroin.
- July 2018: Yemen rebels attack Abu Dhabi airport with a drone. Rebels warn there will be more attacks.
- August 2018: Man arrested on US-Mexico border accused of picking up a package of methamphetamine that was smuggled over the border via drone.
- September 2018: Crashed drone found my Ukrainian border patrol used to smuggle black market tobacco.
Oleg Vornik CEO and Managing Director Email: firstname.lastname@example.org Tel: +61-2-9995-7280
Liquefied Natural Gas Ltd (ASX:LNG) (OTCMKTS:LNGLY) provides the Company's latest presentation at North American Gas Forum.
Vision: World's premier provider of mid-scale LNG liquefaction solutions
LNG CONTRACTS: OLD IS STILL NEW
- Continued support for long term contracts
- Contracts must be with credit worthy customers
- Financing for these projects is readily available
- A balanced portfolio for an LNG buyer requires some long-term contracts
o 40 percent: Long-term
o 40 percent: 3 to 5 year contracts
o 20 percent: spot cargoes
Long-term contracts ensure the stability of the next LNG wave
LNG -THE NEXT GLOBAL COMMODITY
- Traders all showing interest
- Ships must be built
- Trading hubs are needed
- Opportunities abound as the global market develops
The commoditization of LNG is a tremendous opportunity for developing projects
To view the full presentation, please visit:
Mr. Micah Hirschfield Sr. Manager, Communications and Investor Relations Liquefied Natural Gas Limited T: +1-713-815-6920 E: email@example.com Mr. Andrew Gould Joint Company Secretary Liquefied Natural Gas Limited T: +61-8-9366-3700 E: AGould@lnglimited.com.au