Bluechiip Limited (Bluechiip or the Company) (ASX:BCT) today released its quarterly cash flow report for the period ended 30 September 2018.

Activities Report for the quarter ended 30 September 2018

Highlights during the quarter

- New three-year deal worth USD11.9m ($15.9m) added to existing Labcon North America (Labcon) Development and Supply Agreement

- Completed Placement during this quarter and Share Purchase Plan (SPP) subsequent to quarter end with total capital raise of $7.45m

- Continued supply to customers' orders including Labcon's scale up with delivery of chips and sales recorded for the quarter of $108K

- Cash balance at 30 September 2018 $7.163m (comprised $5.213m cash at bank and $1.95 m from SPP held on trust)

Business Progress Update

On 29 August 2018, the Company announced that it had updated its development and supply agreement with Labcon North America (Labcon) for a three year term to supply chips, readers, software and engineering services worth USD11.9m ($15.9m).

The agreement provides Bluechiip to meet the orders from Labcon effective 24 August 2018 in the following manner:

(a) Supply of chips, readers, software and engineering services worth USD4.2m ($5.8m) over a two year period;

(b) Supply of products and services with a minimum order of USD7.4m ($10.1m) in the third year following the two year period; and

(c) Extend a further two (2) years of development and supply contracts to a fourth and fifth year with minimum orders to be determined.

Corporate Update

The Company has raised $7.45 million before costs through the completion of the following:

- Placement to sophisticated and professional investors with $5.50 million proceeds fully received and 93,220,339 new ordinary shares issued at $0.059 per ordinary share (Placement); and

- Share Purchase Plan to its existing shareholders with $1.95 million proceeds fully received and 33,091,519 new ordinary shares issued at $0.059 per ordinary share.

Commentary on the Cash Flow Report

Bluechiip recorded sales revenue of $107,798 and sales receipts of $72,436 for the quarter,

Net operating cash outflow for the September 2018 quarter was $1,123,242, increased from $936,423 for the June 2018 quarter. This was mainly attributable to the increase in operating expenses which include marketing consultant fees and expenses in connection with increased marketing activities.

The financing activities for the quarter were related to proceeds received from the Placement and fee paid to an institutional broker in connection with the Placement.

Outlook

The Company remains focused on the following:

- Fulfilling the purchase orders received from customers and the receipt of subsequent cash inflows arising from them.

- Ongoing delivery of chips as part of the fulfilment of the orders received from partners including Labcon.

- Scaling the production of chips with the aim of achieving economies of scale and bringing down the production cost of chips.

- Advancing negotiations for the licensing of Bluechiip's technology and securing new licence agreements with other OEM partners in addition to the existing licence agreement with Labcon for the delivery of Bluechiip technology and support services.

- Research and development to meet our current and potential OEM partners' requirements, arising from the sales of developer kits to them in prior quarters. The developer kits enable potential OEM partners to integrate Bluechiip's technology into their own products.

- Progress work on registering further patents to add to our existing 25 confirmed patents.

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
Email: richard@oxygenpr.com.au

Bluechiip Ltd (ASX:BCT) provides Open Briefing interview with MD Andrew McLellan.

In this Open Briefing(R), Andrew discusses:

- Recent $7.5 million capital raise and the updated $15.9 million over 3 yr Labcon agreement

- End customer activity and finalisation of product portfolio

- Recent 4C and cashflow forecast

- Partner and opportunity pipeline status

Record of interview:

openbriefing.com

Andrew, you've just completed a successful capital raise which came shortly after you announced a large multiyear contract with Labcon. What's Bluechiips current cash balance and your focus over the coming 12 months?

MD

We now have over $7m in the bank and a significant multi-year order book.

The 4C for the September quarter, released today, shows that we closed the September quarter with $7.2m cash in the bank including the proceeds received from the shareholder placement plan subsequent to the end of the quarter and the $5.5m placement. We have used some of this capital to pay down the $600k advance on the R&D Refund which we expect to receive over $1m from Aus Industry. So from a cash point of view we are in a position Bluechiip has not been in the past and this allows us to focus on delivering on our partners orders and other opportunities.

With the updated agreement with Labcon, one of our OEM partners, the 2 year orders ($5.8m) and 3rd year minimums ($10.1m) equate to over $15.9m. With this our focus over the coming 12 months is very much on meeting our existing OEM partners needs, scaling our operations to meet the increasing demand and servicing our pipeline of potential OEM partners.

openbriefing.com

Can you give us feedback from Labcon's end customer sales of Bluechiip enabled products and traction they are getting in the market?

MD

We are seeing increased end user activity. Over the last month we have installed several systems into early adopter sites with key opinion leader both in the US and Europe, with positive initial feedback from these users. We are progressing to expand this base.

Labcon is also in the process of finalising their products, including registering their Coldpoint Bluechiip enabled range and cryogenic boxes to enable full launch of product. Labcon sales training and engagement has been very positive.

I should also highlight that we are seeing an increase in OEM interest both including in partnership with Labcon and in adjacent applications in the life science market.

openbriefing.com

You have mentioned end customer trials. Can you tell us how these can drive additional sales to those captured via your OEM strategy and the status of any significant end customer trials currently under way?

MD

End customer trials are very important and yes as mentioned we have commenced a number in multiple regions. They are the basis for preparing marketing and sales collateral and we are targeting key opinion leaders which the broader market will follow. From these trials we anticipate the preparation of posters and papers clearly demonstrating Bluechiips core technology differentiation and that this will also support a broader rollout with Labcon.

As end use increases over time we anticipate the end customers will start demanding their existing suppliers (our target OEM's) to adopt Bluechiip technology which will allow us to more rapidly enter adjacent markets.

We are already seeing the impacts of this in the form of additional enquiries and as we continue to roll out our technology we are working with our existing and target OEM's to deliver these solutions.

openbriefing.com

Sales receipts for the September quarter suggest that the rate of deliveries for Labcon slowed in the Sept quarter. Was this planned and what rate should we expect in the coming quarters?

MD

This certainly was planned. Towards the end of the calendar year and especially into calendar 2019 there will be a substantial ramp in volumes to meet the FY19 $US1.1m commitment from Labcon.

Labcon is putting in place the processes for scaled manufacture and progressing registration of the Bluechiip enabled range. We at Bluechiip are also in the process of registering and scaling the reader and software range, with both the Multi Vial Reader and Handheld readers moving into production at Planet Innovation.

openbriefing.com

In the 4C you are forecasting a cash outflow of $2.1m for the December quarter, which is almost double your level of costs from the September quarter. What are the key items driving this and what should we expect on the revenue front?

MD/Managing Director

The $2.1m cash outflow includes a repayment of the $600k loan from R&D capital partners. More than offsetting this we expect to receive an R&D Tax refund of over $1m.

On the operating cost side, we are planning an increase in the R&D spend to move to registration of our product range and round of prototypes to help in product registrations with our partners.

openbriefing.com

Will the current cash balance of just over $7m, combined with your current order book take Bluechiip through to profitability?

MD

The significant orders in hand and the cash at bank provide a platform to move to profitability and good runway into the future.

openbriefing.com

What is the status of the pipeline in terms of developer kits sold and other potential OEMs currently engaged?

MD

As it stands we have 30 developer kits, readers and evaluation agreements ongoing. These include our existing partners, Labcon, Planet Innovation and Genea Biomedx and a range of suppliers target OEM in the initial life science target market, including automation companies, Pharmaceuticals groups, cell therapy manufactures and clinical trial companies to name a few.

With orders in hand, rising chip deliveries, a growing pipeline and a good cash position to support significant runway, Bluechiip is now in a great position.

It is an exciting time.

openbriefing.com

Thank you.

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
Email: richard@oxygenpr.com.au

New SEEK (ASX:SEK) (OTCMKTS:SKLTY) data shares the latest employment trends across Australia, revealing that within the Banking and Finance sector, adverts for Compliance and Risk job roles have increased by 122% in the last five years, with a dramatic 48% increase in the last year alone. Currently 13.5% (as of October 2018) of Banking and Finance roles on SEEK are in Compliance and Risk.

Beyond Compliance and Risk job adverts increasing significantly, there is extensive change occurring for employment opportunities within the Banking and Finance sector, which is visible in the 'role types' featured in SEEK job ads. The Banking and Finance sector has slightly increased in jobs (by 1% when comparing the three months to October in 2018 to the previous year), resulting in the category having relatively flat employment opportunities compared to the previous months, with falls in Financial Planning and Retail & Branch job adverts.

GRAPH 1 & 2 TITLE: JOB ROLES AVAILABLE IN BANKING AND FINANCE (see link below)

COMPLIANCE AND RISK ROLES

There has been a 13% increase over the past 12 months in candidates searching for compliance and risk roles on SEEK. However, there is still a shortage of candidates to fulfil jobs advertised in areas such as NSW, Brisbane and Perth (see Graph 4 in link below).

Kendra Banks, ANZ Managing Director from SEEK comments: "Compliance and risk job roles require an extremely niche skill set which can vary across different industries. Therefore, it can be hard for recruiters to find the right person for the role, or for candidates to even know that these roles exist outside of Finance and Banking institutions. Based on SEEK's most recent data, we do anticipate seeing an increase in candidates looking for these types of roles over the next year."

GRAPH 3 TITLE: COMPLIANCE AND RISK JOB ADS VS. CANDIDATE AVAILABILITY (see link below)

GRAPH 4 TITLE: CANDIDATE AVAILABILITY IN COMPLIANCE AND RISK ROLES OVER THE LAST 12 MONTHS (see link below)

AVERAGE SALARY IN COMPLIANCE AND RISK (OVER PAST 12 MONTHS)

Full time salary varies across the different career lifecycle for compliance and risk roles as follows:

- Junior: $74,142

- Mid: $96,710

- Senior: $130,776

- Manager / Head of: $135,391

- GM/Exec Level: $191,667

- Overall average: $121,419

WHAT HAS SPARKED THIS TREND?

Corey Babich, Manager in Financial Services for recruitment company Charterhouse shares why they believe there has been a shift in available compliance roles: "The Royal Banking Commission in Australia over the last year has led to a direct increase in compliance and risk roles being mandated by clients across all sub-segments of the Financial Services and Insurance sectors. Specifically, deep-dive knowledge around conduct, service commission models and advice have all been highly sought after in the candidates our clients are seeking to meet.

Kendra Banks, ANZ Managing Director from SEEK comments: "Big Data is a term used frequently amongst brands, particularly those who have an online presence and whose functions rely heavily on the use of technology and customer details. With the latest regulations on GDPR and several breaches seen across global businesses, it's likely this has also contributed to the number of compliance and risk roles available. SEEK ensures jobseekers are in full control of their profiles and what is shared with recruiters and potential employers and we have a dedicated team working hard to keep jobseekers data safe."

To view graphs, please visit:
http://abnnewswire.net/lnk/PE1749CO

Jayne Ellis
T: +61-2-9281-3933
E: jayne.ellis@adhesivepr.com.au

EMMERSON RESOURCES LIMITED (ASX:ERM) (OTCMKTS:EMMRF) (ERM) provides the opportunity to view a video interview by ProactiveInvestors Stocktube with Rob Bills, Managing Director.

To view, please copy the following details into your web browser: http://www.abnnewswire.net/lnk/002P2JP4

For further information, please contact: 

Rob Bills
Managing Director and CEO
E: rbills@emmersonresources.com.au
T: +61-8-9381-7838
www.emmersonresources.com.au 

Media enquiries

Michael Vaughan, Fivemark Partners
E: michael.vaughan@fivemark.com.au
T: +61-422-602-720

MMJ Group Holdings Limited (ASX:MMJ) (OTCMKTS:MMJJF) (MMJ) notes the attached notice by Harvest One Cannabis Inc (CVE:HVT) ("Harvest One") that its CEO, Grant Froese, will present live on Thursday, 18 October 2018 at 2.30pm Eastern Time (being 5.30am, Friday, 19 October 2018 AEST). By registering as instructed, investors will have the opportunity to either attend the webcast at that time or view it afterwards.

To view the notice, please visit:
http://abnnewswire.net/lnk/52RO978R

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

The Board of Australian communications specialist MNF Group (ASX:MNF) is delighted to offer shareholders the opportunity to purchase up to $15,000 in MNF shares under a Share Purchase Plan (SPP).

The SPP is available to shareholders who are on the MNF share register at close of business on 18 October 2018 and who have a registered address in Australia or New Zealand (Eligible Shareholders).

Eligible Shareholders will have the opportunity to purchase shares in MNF at $4.40 per share, representing a 3.3% discount on the prior 5 day volume weighted average price (VWAP) which is $4.55.

Funds raised from the Share Purchase Plan will be used to reduce debt and for the company's working capital.

The SPP offer will open on Thursday, the 25th of October 2018 and will close on Thursday, the 8th of November 2018.

The SPP Offer Booklet and application form will be lodged with the ASX and sent to all Eligible Shareholders on 25 October 2018.

This SPP is not underwritten and there will be no further placement of shares at this time.

MNF Group Ltd
T: +61-2-8008-8090
E: investor@mynetfone.com.au
WWW: www.mnfgroup.limited

The Board of Queensland Bauxite Limited (ASX:QBL) (the 'Company') is very pleased to announce a materially strategic transaction, that its soon to be wholly owned subsidiary Medcan Australia, has entered into a memorandum of understanding (MOU) with top Israeli medicinal cannabis company Pharmocann. Pharmocann is recognised as being amongst the world's foremost and experienced cannabis growers, with their own proprietary products, intellectual property (IP) and expertise that will be of significant benefit to the Australian and global markets.

This MOU follows on from Medcan securing its Medical Cannabis Manufacturing License and Export License from the Office of Drug Control (ODC). Israel does not allow export of medical cannabis products. As a result of Medcan securing Manufacturing and Export Licenses from the ODC, Pharmocann have agreed to enter into a 50/50 joint venture (JV) with Medcan under which Medcan will manufacture Pharmocann's proprietary medical cannabis products in Australia for distribution throughout Australia and globally.

Highlights

- Medcan will manufacture Pharmocann's range of products under a 50/50 JV for Australian and International distribution

- Medcan and Pharmocann will collaborate on clinical trials in both Israel and Australia

- Pharmocann will provide IP, standard operating procedures, recipes and manufacturing techniques including existing Israeli clinical trial data in respect of its products

- Medcan will be responsible for the manufacturing facility, required Australian licences and the raw cannabis material required for product manufacture and international export

Background - Pharmocann

Pharmocann Ltd is a company registered in Israel which develops and grows medicinal cannabis in GAP standard greenhouses, and supplies, under license, medical cannabis products throughout Israel. For over 10 years Pharmocann has supplied more than 4500 registered patients medicinal cannabis dried flower, oils and ointments.

Pharmocann has developed a range of medicinal cannabis products and is in the process of conducting human clinical trials in Israel on a number of these products.

Medcan Australia's CEO, Craig Cochran, commented "We are excited to have finally entered into this MOU with Pharmocann after being in detailed discussions with them since early 2017. Pharmocann are one of the top Israeli medicinal cannabis companies and have developed a unique range of products which are showing extraordinary results in clinical trials. Their expertise in the medicinal cannabis field is well recognised globally, and we are excited to have access to a skillset and product range of this calibre".

As at the date of this announcement, the costs of the JV have not yet been assessed, and as the parties have not yet agreed any specific commitments as to costs (which will simply be allocated among the parties equally), the partnership will initially proceed on a best efforts basis to make the joint venture succeed in good faith. The JV is not currently expected to have a material effect on QBL's expected budget (which is set out in its recently lodged Prospectus). It is intended that any initial funds required under the JV will form part of Medcan's operational costs relating to its manufacturing facility, and the parties are also considering a separate IPO of the Pharmocann JV to rapidly expand the Pharmocann JV business.

Comment from Pnina Feldman, Chairperson of QBL

"We are delighted that we have finalised this MOU with one of Israel's top medicinal cannabis companies, Pharmocann. The addition of Pharmocann's skillset and product range further builds on the expertise and product offering of the QBL group. With a huge international market for medicinal cannabis products we believe this JV will be of a major benefit to QBL's shareholders as we continue to focus on building shareholder wealth."

Queensland Bauxite Ltd
Tel: +61-2-9291-9000

For further information or any queries please email the Company at:
sfeldman@queenslandbauxite.com.au

Collaborate Corporation Limited (ASX:CL8) (Collaborate or the Company) is pleased to announce that LSH Auto (Melbourne) Pty. Ltd. trading as Mercedes-Benz Melbourne has signed an agreement for the supply of vehicles to the DriveMyCar marketplace and the launch of a premium vehicle rental service.

The first collaboration between DriveMyCar and LSH's Mercedes-Benz dealerships will launch at Melbourne Airport. DriveMyCar will make a range of new Mercedes-Benz vehicles including A-Class, B-Class, CLA, C-Class, X-Class and GLA vehicles available for rent to Melbourne residents and incoming visitors via the Mercedes-Benz Melbourne Airport dealership. Upon arrival at Melbourne Airport customers will be collected from the Domestic or International terminals by a Mercedes-Benz valet driver and conveyed to Mercedes-Benz Melbourne Airport for collection of their vehicle.

This new collaboration will be promoted to Mercedes owners across Australia and new and existing DriveMyCar customers who are seeking a luxury driving experience with the convenience of airport valet pick up. This collaboration will appeal to tourists, business travellers and those seeking to experience Mercedes-Benz for weekends away or extended vehicle evaluations.

The Melbourne Airport service is expected to launch in November 2018, in time for the seasonal increase in vehicle rental demand.

Collaborate CEO, Chris Noone commented "We are excited to work with Mercedes-Benz Melbourne to introduce new and innovative ways for people to experience Mercedes-Benz vehicles. Mercedes-Benz Melbourne is part of LSH Auto, the world's largest dealer group for Mercedes-Benz cars. LSH Auto Australia have demonstrated themselves to be at the forefront of providing luxury vehicles to consumers. We look forward to partnering with Mercedes-Benz Melbourne to expand the opportunity to enable more consumers to experience Mercedes- Benz vehicles as part of DriveMyCar's rental offering."

Dealer Principal of Mercedes-Benz Melbourne, Vaughan Blackman commented, "This is a great initiative to allow new customers and travellers to access and experience a range of luxury Mercedes-Benz vehicles. We are excited to be partnering with DriveMyCar to help deliver a simple, convenient and premium vehicle rental service. We feel this is a great addition to the service offering from our Melbourne Airport dealership."

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

MMJ Group Holdings Limited (ASX:MMJ) (OTCMKTS:MMJJF) (MMJ) attaches the presentation for Harvest One Cannabis Inc (CVE:HVT) ("Harvest One") presented by its CEO, Grant Froese, via webcast earlier this morning AEST. MMJ is the largest shareholder in Harvest One with 53.333 million shares for an approximate 30% ownership stake.

Key points for MMJ's shareholders to note from the presentation webcast and the following Q&A session are as follows:

- Cultivation capacity: targeting 20,000 kg per annum of owned cannabis cultivation capacity by the end of the 2019 calendar year;

- Satipharm: annual revenue run-rate of CAD$10 million by 30 June 2019;

- Dream Water: annual revenue run-rate to double to CAD$12 million in the next 6 to 8 months;

- Burb: 8 to 10 retail cannabis stores targeted in British Columbia by mid-2019 calendar year; and

- Capital management: CAD$50 million of cash at bank and no debt as at 28 September 2018. All projects underway are fully-funded.

To view the presentation, please visit:
http://abnnewswire.net/lnk/34J0FX3V

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

OtherLevels Holdings Limited (ASX:OLV) ("OtherLevels" or the "Company") is pleased to announce it has entered into a binding agreement to acquire 100% of XCOM Media Pty Ltd ("XCOM").

Highlights:

- OtherLevels will acquire the business and assets of XCOM, a Brisbane based digital marketing automation agency

- The acquisition provides OLV with immediate distribution and service capabilities into the mid-market

- Aligns with OtherLevels strategy to consolidate comparable agencies

- XCOM has significant experience and tier 1 clients in the travel & hospitality sector which is a key growth sector for OtherLevels

- The acquisition will create material cross marketing opportunities for the OtherLevels platform, unlocking significant scaling potential

- The acquisition is earnings and cash accretive

- The transaction will be funded by a combination of cash and equity

OtherLevels has acquired XCOM for an initial consideration of $889,000 cash and $157,000 in fully paid ordinary shares. Additional earnout payments may be paid based on extra services revenue and OtherLevels licence royalties, as discussed in the Acquisition and Capital Raising presentation.

Mr Brendan O'Kane, CEO and Managing Director of OtherLevels said: "This exciting acquisition is an important step towards the Company's goal of becoming the premier Australian supplier, and a global leader in digital marketing technology solutions. OtherLevels believes that the future go-tomarket model for the sale and distribution of marketing technology ("mar-tech") will be direct sales to a small number of large sophisticated enterprises, and a service led solution combining mar-tech and related services to the broader mid-market. A strategic and selective acquisition program, provides the opportunity to consolidate a fragmented sector, while securing further distribution channels for the OtherLevels platform."

"Acquiring XCOM is a first step that increases distribution capability into the mid-market and has the additional strategic benefit of strengthening OtherLevels presence in the travel and hospitality sector."

XCOM currently provides digital marketing automation solutions to leading clients including Tourism Queensland, Destination Gold Coast and Fiji Airways. XCOM has deep expertise in email and mobile messaging which is complimentary to the OtherLevels platform.

XCOM will enable OtherLevels to implement a number of cross marketing programs which along with cost savings in premises and back-office, will deliver revenue and cost synergies to OtherLevels.

The completion date for the acquisition is November 1st, 2018.

Sequoia Corporate Finance Pty Ltd, a corporate authorised representative of Sequoia Wealth Management Pty Ltd, acted as sole lead manager to the equity raising. The acquisition, which was oversubscribed, was funded by a placement to sophisticated investors and a number of small cap specialist funds. A presentation outlining the equity raise along with additional information follows this release.

To view the presentation, please visit:
http://abnnewswire.net/lnk/55EN7269

Brendan O Kane
CEO & Managing Director
E: brendan.okane@otherlevels.com

Andrew Ritter
Company Secretary
E: andrew.ritter@otherlevels.com

Classic Minerals Ltd (ASX:CLZ) wishes to advise the appointment of Mr. Madhukar Bhalla as Company Secretary for Classic Minerals Limited with effect from 19th October 2018.

Madhukar is a qualified Company Secretary and a Fellow of the Governance Institute of Australia as well as a Fellow of the Institute of Chartered Secretaries and Administrators. He brings to Classic Minerals Limited a wealth of experience in Corporate Governance and Administration.

Mr Jeffrey Nurse has resigned as the Company Secretary but retains his role as the Chief Financial Officer of Classic Minerals Limited. The Board and Management thank Jeffrey for his contribution as Company Secretary.

Classic Minerals Ltd
T: +61-8-6305-0221
E: contact@classicminerals.com.au
WWW: www.classicminerals.com.au

Brisbane-based gas developer State Gas Limited (ASX:GAS) is pleased to advise that it will commence a drilling program in November 2018 at the PL 231 Reid's Dome gas project. The project is located South West of Rolleston in the Bowen Basin in Central Queensland, approximately 50 km from the Queensland Gas Pipeline. Gas was first discovered at Reid's Dome during drilling in 1955 and the Reid's Dome project is now considered prospective for both conventional gas and coal seam gas targets.

HIGHLIGHTS

- State Gas has engaged Silver City Drilling to drill Primero West-1 at the Reid's Dome gas project in the Bowen Basin in Central Queensland, with drilling to commence in November 2018.

- Following completion of Primero West-1, a second well, Nyanda-4, is intended to be drilled by Silver City Drilling at the Reid's Dome gas project, subject to formal approval by the Reid's Dome Joint Operating Committee.

- Primero West-1 is designed to test the south-western extent of the Cattle Creek gas sand discovered in AOE-1 in 1955, along with the investigation of previously un-tested zones deeper within the Cattle Creek Formation, based on recently-interpreted seismic data.

- Nyanda-4 will be located approximately 50m southwest of Nyanda-1 and will be drilled to investigate both the gas potential of tight gas sands and coal seams within the Reid's Dome Beds.

Primero West-1: Shallow Conventional Gas Target (Cattle Creek Formation)

The Company has engaged Silver City Drilling to drill a new well, Primero West-1 in the northern half of the PL 231 permit. With a planned depth of 250m, Primero West-1 will test the Cattle Creek Formation in accordance with the terms of the Reid's Dome Joint Operating Agreement.

Primero West-1 will be located approximately 650m southwest of AOE-1 and will be drilled to test the south-western extent of the Cattle Creek gas sand discovered in AOE-1 in 1955.

In addition, the gas potential of previously un-tested zones deeper within the Cattle Creek Formation will be investigated at a location where seismic interpretation indicates it is better-developed than other areas to the east. On completion of drilling, wireline logs will be acquired to confirm the reservoir quality and lateral extent of the reservoir and, if gas is confirmed, a flow test will be conducted and sample obtained for compositional analysis.

The Primero West-1 well has been designed to be plugged and abandoned on the premise that full-field development will require additional drilling and seismic to optimise locations of the production wells.

Nyanda-4: Coal Seam Gas and Tight Gas Sands Target (Reid's Dome Beds)

As announced on 31 July 2018, State Gas has undertaken a detailed review of the geology of the permit and the results of historical drilling, both in the permit area and of analogous wells drilled into the same formations beyond the permit boundaries. The review indicated that in addition to conventional gas, PL 231 may have potential for significant quantities of coal seam gas due to positive pressure maintenance.

Following the identification of this potentially significant coal seam gas target within PL 231, the Company is planning to include Nyanda-4 in the current program to test both coal seam gas and conventional gas targets, subject to the Joint Operating Committee approval process.

The Nyanda-4 well site will be located approximately 13.5km south of the Primero West-1 well and 50m southwest of Nyanda-1 (drilled in 1987) to investigate both the gas potential of tight gas sands and coal seams within the Reid's Dome Beds. The planned total depth for Nyanda-4 is 1,000m.

Historical well log correlations indicate that the same interval where two sandstones were tested and flowed gas in AOE-1 in 1955 is likely to be present within the new Nyanda-4 well.

The formation also contains extensive coal measures throughout the permit which have not been evaluated in the PL-231 area to date. The uppermost of these coals lie at 390m at nearby Nyanda-1, where they were associated with gas kicks while drilling in 1987 prior to the emergence of exploration interest in coal seam gas in Australia.

The formation contains approximately 60m of coals at viable depths covering an area of 80- 160sq km within the PL 231 permit.

The Reid's Dome project/PL 231 is located on a significant anticlinal structure, plunging gently to the north and south with several faults. The presence of over-pressured gas in the known conventional reservoirs indicates they are sealing. Elsewhere in the Bowen Basin, anticlines have favourable permeability characteristics for coal seam gas. Due to their lower stress and associated fracturing, tensional areas at the axes of anticlines and synclines in the Bowen Basin have been priority targets for enhanced permeability and coal seam gas production.

At the Reid's Dome project, existing pressure data shows the entire section is above hydrostatic, indicating that the top-seal has not been breached, which increases the likelihood of significant gas concentrations in the coals.

The Reid's Dome Beds will be evaluated by cutting 200m of cores for reservoir characterisation and coal desorption and by conducting Drill Stem Tests on selected sands and coal seams to obtain flow rates and samples following acquisition of wireline logs.

Nyanda-4 is also expected to encounter the over-pressured gas sands within the Cattle Creek Formation that was intersected at Nyanda-1. These zones will be cased-off with intermediate casing for well control and kick tolerance. The Nyanda-4 well has been designed to be plugged and abandoned on completion of drilling and evaluation. In the event of success, additional seismic data may be acquired to improve planning of appraisal/pilot wells.

Subject to the approval processes of the Reid's Dome Joint Operating Committee, Nyanda-4 is planned to be drilled by Silver City Drilling immediately following the drilling of Primero West-1.

In the event of successful identification of significant coal seam gas and/or conventional gas at the Reid's Dome gas project, the east coast gas pipeline network is located approximately 50 km to the north and east of the project area, with a granted Pipeline Survey Licence (PSL 2028) currently in place.

To view figures, please visit:
http://abnnewswire.net/lnk/45BD8853

Lucy Snelling
Chief Executive Officer
M: +61-439-608-241
E: lucy@stategas.com

Greg Baynton
Executive Director
M: +61-414-970-566
E: greg@stategas.com

Emerging Northern Territory lithium developer, Core Exploration Ltd (ASX:CXO) ("Core" or the "Company") is pleased to announce a substantial Resource upgrade for its Grants Lithium Deposit at the Finniss Lithium Project in the Northern Territory.

HIGHLIGHTS

- Core's high grade Grants Lithium Resource has been upgraded, adding 42% more tonnes to the inventory at the high-grade of 1.5% Li2O

- Two-thirds of the Grants Lithium Resource is now classified as Measured or Indicated

- Finniss Project Lithium Resource now stands at 4.3 Mt at 1.4% Li2O

- Considerable scope remains to further increase the mining inventory given the many additional lithium-rich pegmatites identified within Core's large >400km2 of tenure at Finniss

- Resources for the nearby BP33 deposit being updated currently, with a new estimate expected to be reported later this quarter

- The additional mining inventory defined is expected to result in a longer mine life at the Finniss Project, and further enhance the robust economics

- Recent Grants resource drilling results show consistent grade and geological character and include: 48m @ 1.59% Li2O from 224m (FRC179)

- The Finniss project Definitive Feasibility Study (DFS) remains on track for completion in late November 2018

- DFS focussed on mining and production of high-grade lithium concentrate near Darwin, with development planned to commence in 2019

- Finniss Project Lithium Resource is one of the highest-grade undeveloped lithium deposits in Australia

The resource tonnes have increased by 42% in size at a high grade of 1.5% Li2O, with over one-third classified in the Measured Mineral Resource category - the highest resource confidence classification (see Table 1 in link below).

The increase in the size of the estimate and confidence of the Resource, following successful drilling in recent months, provides the Company with great conviction that Finniss Project has potential to deliver robust returns, which is expected to be confirmed by the Definitive Feasibility Study (DFS).

The Grants Lithium Resource estimate currently comprises 2.89Mt @ 1.5% Li2O (see Table 1 in link below) and is one of the highest-grade spodumene resources in Australia. Two-thirds of the Grants Lithium Resource is now classified in the Measured or Indicated category (see Figures 1-4 in link below).

The global Mineral Resource for the Finniss Project is now 4.3Mt @ 1.4% (see Table 1 in link below) and is expected to grow further in coming weeks when a new resource estimate is announced for BP33.

Core is in the final stages of completing a Definitive Feasibility Study ("DFS") for the development of a spodumene concentrate operation from the Finniss Lithium Project and expects to deliver the DFS in late November 2018.

Core is targeting commencement of mining and construction mid-2019 and first production of high quality spodumene concentrate in late 2019.

The DFS is expected to dramatically build on the strong financial outcomes highlighted in the Pre-Feasibility Study (PFS) ($140M NPV and 142% IRR; ASX 25/06/18). The DFS is likely to consider substantially expanded resources and longer mine life, optimised recoveries and increased grade of product as well as further confirmation of offtake and customer prepayment finance.

The Finniss Lithium Project has arguably the best supporting infrastructure and logistics chain to Asia of any Australian lithium project. The Project is within 25km of port, power station, gas, rail and 1 hour by sealed road to workforce accommodated in Darwin and importantly to Darwin Port - Australia's nearest port to Asia.

High grade, low processing costs and cheap haulage make Core's Finniss Project potentially one of the least capital intensive and most cost competitive spodumene operations in Australia.

In the context of recently reported Year-on-Year (YoY) growth of Electric Vehicle (EV) sales in US of 65%, China 44% and Europe of 42. Core is well placed to be the next high-quality lithium concentrate producer in Australia in 2019.

Grants Lithium Resource

The results of the Mineral Resource Estimate are provided in Table 1 and Figures 1-4(see link below). The Mineral Resources are reported at a high cut-off of 0.75% Li2O.

The Grants ore-body averages 25m wide, is over 300m long and characterised by consistent, high grade spodumene mineralisation from one wall to the other (see Figure 1 in link below). These characteristics and scale of orebody enable a simple open pit operation producing consistent high grade with low dilution utilising the efficiencies of bulk mining equipment.

Dr Graeme McDonald (BSc PhD MAusIMM) was contracted by Core to undertake the Mineral Resource Estimate for the Grants Lithium Deposit. As part of the preparation of the Resource Estimate, Dr McDonald developed a geological interpretation based on cross sections, generated a 3D geological interpretation from interpreted cross sections, created domain interpretations for lithium, developed a block model of the deposit, undertook a geostatistical analysis of the data and estimated lithium grades.

Dr McDonald's report notes that fresh pegmatite at Grants is composed of coarse spodumene, quartz, albite, microcline and muscovite. Spodumene, a lithium bearing pyroxene (LiAl(SiO3)2), is the predominant lithium bearing phase (see Figure 2 in link below) and displays a diagnostic red-pink UV fluorescence. The pegmatite is not strongly zoned, apart from a thin (1-2m) quartz-mica-albite wall facies. Overall the lithium content throughout the pegmatite is notably consistent.

Grants has a flat Grade-Tonnage curve at the 1.5% Li2O "sweetspot" for spodumene production (see Figure 5 in link below). A high 0.75% Li2O cut-off grade results in no significant reduction in the contained tonnes, demonstrating the consistent high-grade nature of the Mineral Resource.

Recent Resource drill results at Grants

Drill results emanating from the resource definition program at Grants leading to the resource upgrade include:

- 40m @ 1.54% Li2O from 81m (FRC149) including:

o 8m @ 2.00% Li2O from 99m

- 40m @ 1.52% Li2O from 210m (FRC176) including:

o 13m @ 2.17% Li2O from 233m

- 48m @ 1.59% Li2O from 224m (FRC179) including:

o 15m @ 2.18% Li2O from 253m

Summary of Mineral Resource Estimate and Reporting Criteria

Geology and geological interpretation

The Grants Lithium Deposit is hosted within a rare element pegmatite that is a member of the Bynoe pegmatite field. The Bynoe Pegmatite Field is situated 15km south of Darwin and extends for up to 70km in length and 15 km in width. Over 100 pegmatites are known within clustered groups or as single bodies. Individual pegmatites vary in size from a few metres wide and tens of metres long up to larger bodies tens of metres wide and hundreds of metres long.

The pegmatites are predominantly hosted within the early Proterozoic metasedimentary lithologies of the Burrell Creek Formation and are usually conformable to the regional schistosity. The Bynoe pegmatites are classified as LCT (Lithium-Caesium-Tantalum) type and are believed to have been derived from the ~ 1845 Ma S-Type Two Sisters Granite which outcrops to the west.

Fresh pegmatite at Grants is composed of coarse spodumene, quartz, albite, microcline and muscovite (in decreasing order of abundance). Spodumene, a lithium bearing pyroxene (LiAl(SiO3)2), is the predominant lithium bearing phase and displays a diagnostic red-pink UV fluorescence. The pegmatite is not strongly zoned, apart from a thin (1-2m) quartz-mica-albite wall facies. Overall the lithium content throughout the pegmatite is consistent.

Drilling techniques and hole spacing

The Grants drill hole database used for the MRE contains a total of 95 holes for 13,794m of drilling. Comprising 74 RC holes, 17 DD holes and 4 AC holes.

The majority of holes have been drilled at angles of between 55deg - 70deg either due east or west, with a small proportion drilled vertically. The 4 vertical AC holes were only used to assist with the interpretation of the geology and depth of the weathering profile. The assays were not used as part of the MRE due to the higher risk of cross contamination issues associated with the AC drilling technique. Geological and assay data for RC and diamond drill holes was used in the geological interpretation and MRE. The only exception being the assay data for 3 recently completed diamond holes had not been received prior to the MRE being undertaken.

Sampling and sub-sampling

Samples were collected from RC drilling and when submitted for assay typically weighed 2-5kg over an average 1m interval. RC sampling of pegmatite for assays is done on a 1 metre basis. 1m-sampling continued into the barren wall-zone of the pegmatite and then a 3m composite was collected from the immediately surrounding barren phyllite host rock. RC samples were homogenised and subsampled by cone splitting at the drill rig.

Drill core was collected directly into trays, marked up by metre marks and secured as the drilling progressed. Core was cut firstly into half longitudinally along a consistent line, ensuring no bias in the cutting plane. Again, without bias, half core was then cut into two further segments. A quarter was then collected on a metre basis where possible but not less than 0.3m in length, determined by geological and lithological contacts.

All samples were sent to North Australian Laboratories (NAL) in Pine Creek for analysis.

Sample analysis method

Sample Preparation - The samples have been sorted and dried. Primary preparation has been by crushing the whole sample. The samples have been split with a riffle splitter to obtain a sub-fraction which has then been pulverised to 95% passing 100microns m.

A 0.3 g sub-sample of the pulp is digested in a standard 4 acid mixture and analysed via ICP-MS and ICP-OES methods for the following elements: Li, Cs, Rb, Sr, Nb, Sn, Ta, U, As, K, P and Fe.

In 2016-2017, all samples were also analysed via the fusion method - a 0.3g sub-sample is fused with a Sodium Peroxide Fusion flux and then digested in 10% hydrochloric acid. ICP-OES is used for the following elements: Li, P and Fe. Exhaustive checks of this data suggested an excellent correlation exists, so in 2018 a 3000 ppm Li trigger was set to process that sample via a fusion method.

Selected drill core samples were also run for the following additional elements to provide a broader suite: Al, Ca, Mg, Mn, Si, LOI, SG (immersion), SG (pychnometer) and various trace elements.

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 Resource Estimation.

Cut-off grades

The current Mineral Resource Inventory for the Grants Deposit has been reported at a cut-off grade of 0.75% Li2O which based on current modelling approximates the current break even operating cost estimate for an open pit development. No top cuts were applied.

Estimation methodology

Geology and mineralisation wireframes were generated in Micromine software using drill hole data supplied by Core. Resource data was flagged with unique lithology and mineralisation domain codes as defined by the wireframes and composited to 1m lengths. The composites were analysed and no top-cuts applied.

Grade continuity analysis was undertaken in Micromine software for Li2O for the mineralised domain and models were generated in all three directions. Parameters were used in the block model estimation. A block model with a parent block size of 5 x 10 x 10m with sub-blocks of 1.25 x 2.5 x 2.5m has been used to adequately represent the mineralised volume, with sub block estimated at the parent block scale.

Density data was supplied by Core and is consistent with expected values for the lithologies present and the degree of weathering. Within the block model, density has been assigned based on lithology and weathering state.

Classification criteria

The resource classification has been applied to the Mineral Resource Estimate based on the drilling data spacing, grade and geological continuity, and data integrity. Portions of the model that have drill spacing of better than 25m by 30m, and where the confidence in the geology, mineralisation and resource estimation is considered high and would allow the application of modifying factors in a technical and economic study have been classified as Measured Mineral Resources. Areas that have drill spacing of greater than 25m by 30m, and/or with lower levels of confidence in the geology, mineralisation and resource estimation or potential impact of modifying factors have been classified as Indicated Mineral Resources. Areas that have drill spacing of greater than 25m by 30m, and with low levels of confidence in the geology, mineralisation and resource estimation or potential impact of modifying factors have been classified as Inferred Mineral Resources.

The classification reflects the view of the Competent Person.

Mining, Metallurgy and Environment

Throughout the PFS (released to the ASX on 25/6/2018) a number of assumptions were made that are still considered valid; including:

- Mining Recovery - 95%

- Mining Dilution - 5%

- Mining Cost/tonne of conc. - AUD$208.70

- Processing Cost/tonne of conc. - AUD$71.19

- Haulage Cost/tonne of conc. - AUD$11.47

- G & A Cost/tonne of conc. - AUD$8.00

- Port Costs/tonne of conc. AUD$7.50

- Total unit operating Costs/tonne of conc. AUD$372 (incl. royalties)

- Price - US$649/ tonne of 5.0 % Li2O conc.

The PFS concluded that the traditional open cut mining method of drill, blast, load and haul will be used and that the operation would produce a concentrate with a target grade of 5.0% Li2O. Further metallurgical test work has demonstrated a concentrate grade of 5.5% Li2O is achievable with recoveries of 79% (as described in an ASX announcement on 02/08/2018). This occurs via a simple process of crushing, screening and dense media separation. As part of the PFS preliminary mine planning and scheduling was undertaken considering possible waste and process residue disposal options and environmental impacts.

As part of the current DFS, geotechnical studies have been undertaken as well as waste characterisation, groundwater modelling and further metallurgical test work. A mining lease application has been submitted and is being processed and an Environmental Impact Statement (EIS) is being prepared ready for submission.

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 Mineral Resource.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/K4510G6H

For further information please contact: 

Stephen Biggins
Managing Director
Core Exploration Ltd
T: +61-8-7324-2987
E: info@coreexploration.com.au 

For Media and Broker queries: 

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

MMJ Group Holdings Limited (ASX:MMJ) (OTCMKTS:MMJJF) is pleased to attach a release from MediPharm Labs Inc ("MediPharm Labs") (TSX-V: LABS) confirming that it has made two senior management team appointments.

MMJ owns 5.88 million shares and 2.94 million warrants (exercisable at CAD$1.20 per share by October 2020) in MediPharm Labs.

To view the release, please visit:
http://abnnewswire.net/lnk/NS858186

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

MMJ Group Holdings Limited (ASX:MMJ) (OTCMKTS:MMJJF) (MMJ) is pleased to provide the following speaker notes and attach a copy of the presentation that will be given by its CEO Jason Conroy today at Proactive Investors' CEO Spotlight Investor Session in Sydney.

Speaker notes

"Welcome to the presentation.

My name is Jason Conroy and I am the CEO of MMJ Group Holdings Limited.

Slide #2

Before we start, I would like to draw your attention to the disclaimer dealing with various important matters including forecasts, forward looking statements and assumptions made in this presentation.

Slide #3

MMJ is a global cannabis investment company listed on the ASX.

With recent shareholder approval, MMJ is set to become a Listed Investment Company, or "LIC". This is subject to receiving approval from the ASX, which we hope to receive in the coming weeks and during which time MMJ's shares will remain suspended from trading. Most importantly, this process is not expected to affect MMJ's activities and it will be business as usual.

Our business model is simple. We back experienced and highly motivated management teams and seek opportunities to create liquidity and value for shareholders through active portfolio management.

Slide #4

As you can see on the map, the global cannabis sector is a large, diverse and emerging market opportunity.

MMJ has a portfolio of 9 minority investments: 7 in Canada and 2 in Australia.

We are focused on Canadian investment opportunities because Canada is the first G7 nation to federally legalise the supply and use of recreational cannabis.

Slide #5

Canada is a large, multi-billion-dollar cannabis market.

Deloitte estimates that the total recreational cannabis market opportunity is close to 23 billion Canadian dollars. In addition, they estimate that medical cannabis sales next year could be up to 1.8 billion Canadian dollars.

Slide #6

As this key cannabis sector index demonstrates, over the past 12 months there has been strong investor demand for publicly-listed North American cannabis companies. This is an investment theme that MMJ aims to capitalise on.

Slide #7

We believe that MMJ can create and sustain a significant competitive advantage in global cannabis investment by backing experienced and highly motivated management teams.

The leaders driving results for each of our investments are presented on this slide.

You can see that we are building valuable global relationships and networks in the cannabis sector.

Slide #8

With MMJ's exposure to a large and attractive market opportunity, shareholders often ask me "What is going to happen in the cannabis sector?" and my response has been "How many post-prohibition markets have you experienced in their early stages of development?"

This point is crucial to our strategic approach to invest across the cannabis value chain, with strong management teams that can give us a good chance of picking winners in the sector.

In being diversified, we believe that we will be better-placed to respond to, and capitalise on, significant changes as the cannabis sector expands, then matures and ultimately consolidates through mergers and acquisitions activity.

This market consolidation is expected to provide us with opportunities to recycle capital from within our portfolio which will fund new investment opportunities.

As you can see in the bar chart on the left-hand side, we have two public companies in our portfolio and the rest are private companies at various stages of development.

Given investor appetite for North American public cannabis companies, and in addition to the recently announced proposal by Fire & Flower to list on the TSX Venture Exchange, which we refer to as "TSX-V", we are expecting many of our private company investments to have announced, or have well advanced, plans to list on stock exchanges in the coming months.

The KPI's for MMJ are net tangible assets, or "NTA", per share, and the multiple on invested capital, or "MOIC", that we can achieve from our portfolio.

Whilst our current MOIC of 1.6 times is a solid performance, we are targeting significantly higher returns over the next 12 months which I will outline in a few moments.

We can choose to participate in the future growth of some of our investments through the exercise of warrants. As you can see in the table on the top right-hand side, most of the warrants held by MMJ are currently in the money with expiry dates of a few years from now. This provides significant flexibility about how and when we look to optimise and realise returns from individual investments.

We have been fully-invested since the end of July this year. Our focus remains on optimising returns from our portfolio and recycling capital as opportunities arise for new investments. Consistent with this, we recently announced our intention to sell up to 5 million of our Harvest One shares at a future time and price that suits our requirements.

As you can see in the table on the bottom right-hand side, whilst it is still early days for MMJ as an investment company, we are patiently building a track record in value accretive, active portfolio management.

I will now take a few minutes to step you through descriptions of each of our portfolio companies.

Slide #9

Our largest investment, Harvest One, is in the early stages of a turnaround with the appointment of a new CEO a few months ago.

Harvest One is a house of brands, spanning cultivation, medical cannabis, consumer products and retail store distribution.

Slide #10

With a highly experienced CEO in place with access to 50 million Canadian dollars of cash to fund committed projects, we are confident of an improved medium-term outlook for Harvest One.

Slide #11

One of our most recent investments, MediPharm Labs, listed on TSX-V earlier this month.

We are delighted by their performance to date with their current share price more than double our entry price.

With current processing capacity of 100,000 kilograms of dry cannabis flower per year, MediPharm Labs has one of the largest extraction capacities in Canada.

What is most exciting from our perspective is that their fully funded expansion is underway to increase customised processing capacity to 250,000 kilograms of dry cannabis per year by mid next year.

Slide #12

Weed Me is a cultivation business based in Ontario.

With future funding rounds they are expected to have the ability to produce up to 40,000 kilograms of cannabis per year.

Slide #13

Fire & Flower are building and acquiring retail cannabis stores across Canada.

They are expected to list on the TSX-V in the coming months.

Slide #14

BevCanna is a Vancouver-based manufacturer of cannabis-infused beverages.

We view this consumer goods category as a potentially large market opportunity.

Slide #15

Bien aims to develop proprietary formulations of nanoemulsions and powdered forms of cannabis and a wide range of other organic loads that can be used in food and drink products.

Slide #16

Embark Health is aiming to build a state-of-the-art cannabis extraction facility in British Columbia.

The business is led by Bruce Dawson-Scully and it is his first commercial foray since leaving Weed MD after its merger with Hiku Brands earlier this year.

Slide #17

Cannabis Access is one of our two Australian investments.

They are busy rolling out cannabis access clinics across Australia and already have clinics in the major cities on the east coast.

Slide #18

Our second Australian investment is Martha Jane Medical.

They are aiming to design and construct a world class growing, extract and manufacturing facility with the academic and research assistance of the University of Tasmania.

Slide #19

Now that you have a snapshot of our performance to date and our portfolio investments, we now move to MMJ's short-term performance goals.

As I mentioned, whilst we are at 1.6 times MOIC now, we are targeting 2 to 3 times within the next 12 months which, if achieved, will produce a significantly higher NTA per share for MMJ's shareholders.

The performance incentives for me and my CFO are directly aligned with our shareholders and easy to measure. Each of us will receive tranches of shares only with significant and sustained increases in MMJ's share price.

Slide #20

The outlook for our investments for the remainder of 2018 and into 2019 is positive.

Harvest One recently stated a targeted increase in its cultivation capacity, an expected ramp-up in revenue from each of its Satipharm and Dream Water brands and confirmed that its current projects are fully-funded.

As I mentioned, MediPharm Labs is expected to increase its fully-funded processing capacity to 250,000 kilograms per annum by the second half of next year.

You can expect to see further announcements regarding the proposed listing of Fire & Flower on the TSX-V and stock exchange listing announcements and liquidity events for many of our other private company investments.

And you can expect to see MMJ continue to recycle and reinvest capital into other exciting opportunities in the global cannabis sector.

Slide #21

That concludes my presentation and I thank you for your interest in MMJ."

To view the presentation, please visit:
http://abnnewswire.net/lnk/0QY12POS

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

Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) has extended drilling activities at its 100%-owned Kachi Lithium Brine Project in Catamarca Province with assay results reinforcing the large scale and quality of the discovery.

- Drilling continues to confirm the large scale and quality of the Kachi Lithium Brine Project - a major discovery of a similar size to globally significant lithium producers.

- Results show brines returning averaging 326 mg/L lithium over 60 metres (237 - 301m) in drill hole K08R14.

- More assays pending and drilling to be extended based on these favorable results.

- Brines extend from near-surface to at least 400 metres depth consistently, with geophysics suggesting depths of 600-800 metres, with low impurities and low average Mg/Li ratio of 3.8 at K08R14, a ratio similar to large Argentine projects of Galaxy and Neo Lithium.

Recent drill results returned 314-332 mg/L lithium over 60 metres in drillhole K08R14 averaging 326 mg/l lithium. Brine samples in this hole display encouraging densities with a favourable Mg/Li ratio of 3.8. This follows averaged results of 306 mg/L lithium over 24 metres (213 - 237m) from hole K03R03 indicating consistent brine chemistry throughout the stratigraphic profile in the western sector of this project area.

To date, the lithium brines analysed show positive chemistry with low combined impurities (boron, sulphate, calcium, magnesium, iron). Visually, sediments suggest high porosities and permeabilities, with laboratory porosity and permeability results anticipated soon. Brines extend from near- surface to at least 400 metres depth consistently, and geophysics suggest 600-800 metres depth.

The drilling advances the Kachi discovery towards an initial resource target estimate, with data from a further hole, K04R15 in the western area (refer Figure 1 in link below), due prior to the resource estimation. The western area of the basin is being targeted at present for completion of the resource estimation. A number of sample results are pending from recent drilling, and regular updates will be provided as drilling progresses. An exploration target will be provided in the next two weeks as a precursor to the resource estimate.

Resource Drilling - Kachi Lithium Brine Project

Lake Resources' 100%-owned Kachi Lithium Brine Project in Catamarca province, Argentina covers over 50,000 hectares of mining leases owned 100% by Lake's Argentine subsidiary. These are held over the centre of the known Kachi salt lake in the deepest part of the basin. Surface sampling revealed positive lithium results in brines, supported by positive results in drilling from surface to depth and through geophysics programs.

Recent drilling intersected different interlayered lithologies which are dominated by sandy sediments. Samples have been collected for porosity tests in a laboratory in the USA with extensive experience in analysing salt lake sediments for their porosity characteristics, in particular the specific yield (also known as drainable porosity).

Drilling has been completed at platform K04. New locations are currently being planned based on these recent favourable results. The company intends to conduct a resource estimate for the project in accordance with the JORC reporting code as soon as practical. This will incorporate the porosity data and systematic brine analyses from the drilling samples including yet to be reported result from K04R15. Further drilling is planned but this will not impact timing of the resource estimate which is based on drilling completed to date.

Comment

Managing Director Steve Promnitz said: "Kachi continues to produce favourable assay results which are consistent with and similar to the large lithium brine projects of Galaxy and Neo Lithium, also in Catamarca. The grades we are achieving at Kachi demonstrate to us that, based on the scale of Kachi at 50,000 hectares, we have a project that is commercial with significant upside.

"We are well advanced in defining a resource estimate which will be based on some final assays we have pending. Beyond this, we have taken the decision to extend the drill program based on these new, very encouraging assays. We are also pleased to confirm that drilling is advancing well in Cauchari and first assays are on track for early next month."

Table 1 (see link below) provides drill hole location details and lithium results which are averaged where multiple samples have been taken at a single interval.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/RJP498DN

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

Anti-Counterfeit and Customer Engagement solutions provider YPB Group Ltd (ASX:YPB) has taken a further step in the operational restructure commenced in July 2017 when Executive Chair John Houston resumed the operational helm as CEO. Refinement of strategic focus, optimisation of the operating model and better alignment of resource with opportunity will result in a lower cost base and greater cash use efficiency. Simultaneously, administrative efficiencies will allow a reallocation of resources into increased and improved sales capacity.

- Cash operating costs to fall 23%

- Significantly lower cash cost of Board and senior management

- Enhanced sales capacity through resource reallocations

Total non-COGS cash operating overhead will fall 23% from $6.5m annualised to $5.0m in 2019. Of this $1.5m reduction, circa $1.0m is from lower staff cash costs from reduced headcount, staff reallocation into sales roles with greater variable remuneration and the substitution of equity rights for cash compensation for much of the senior management team. The additional balance of $0.5m per annum comes from lower professional costs from complete internalisation of the finance function, lower travel costs (a further benefit of a stronger internal finance function), lower rent and miscellaneous other costs.

To further align the interests of the executive with shareholders, cash compensation will be substituted with equity in the form of performance rights for most of the senior team. The cash costs of the board, including the Executive Chair and consulting functions of nonexecutive directors, will fall 45%. Senior management team cash costs will fall by 35%. As part of this initiative the COO function is being replaced by a Chief Commercial Officer role at a reduced cost to YPB of over 40% but with enhanced functional effectiveness.

The drive to reduce fixed overhead and improve new revenue generation capacity is reflected in a leaner administrative structure but increased sales capacity. The clear intent of these changes is to drive YPB to profitability in 2019.

The potential benefits of these actions is best illustrated by YPB's China operations. China has been YPB's biggest operating cost centre since formation of the company but revenue success had been limited and patchy. In 2019, new sales staff and existing China management signed new channel partners and achieved significant contract wins with globally renowned companies. This will result in a sharp revenue increase in China, albeit still well short of its potential and ambition. Simultaneously, certain functions were identified as unproductive and have been eliminated with China's cost base to fall 34% in 2019 with no loss of sales power. Together, higher revenue and a lower cost base will see China transform in 2019 from a major loss centre to being within sight of profitability should volume growth with existing customers or further contract wins be achieved.

Most of the cost changes took effect from October 1st, 2018, and will be in full effect by February 2019. The cash costs of restructuring payments will total $0.12m and will be felt November through January 2019.

YPB Executive Chairman John Houston said: "Our drive to a leaner, more efficient organisation is progressing well. Our sales execution has improved as reflected in recent important contract wins and the quality of our new channel partners in key operating arenas. Our technology base is stronger with Motif Micro's major breakthrough in smartphone readability of a forensic anti-counterfeit mark at the same time as our commercial effectiveness is lifting. This further restructuring will hasten our drive toward profitability in 2019."

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

New Energy Minerals Limited (ASX:NXE) (FRA:GGY) is pleased to report the results of an independent Scoping Study completed by mining consultant group Bara International ("Bara") on the Company's 80% owned Caula Vanadium Graphite Project located in Mozambique.

Highlights

- The Study demonstrates the viability of an open pit vanadium and graphite mining operation with outstanding economics

- Mine life of 26 years based entirely on the JORC Measured Resources for both vanadium and graphite

- 1,877 metres of diamond drilling over 16 drillholes and 99 metres of RC drilling (1 drillhole) were completed by the Company for the Scoping Study

- Approximately 4,000 metres of additional drilling, sampling, assaying and further testwork underway (drilling and sampling completed) to support Reserve definition and pre-feasibility studies

- New Energy Minerals is now focused on delivering pre-feasibility level studies by Q1-2019 as well as the fast-tracked implementation of Phase 1 of the project targeting 1st cashflows in H2-2018

To view the full release, please visit:
http://abnnewswire.net/lnk/TPFKPVZ6

New Energy Minerals Limited
Bernard Olivier
Managing Director
E: bernard@newenergyminerals.com.au
M: +61-4-08948-182
T: +27-66-4702-979

Jane Morgan Management
Jane Morgan
Media & Investor Relations
E: jm@janemorganmanagement.com.au
T: +61-405-555-618

Join Ellis Martin and James Pettit of Aben Resources (CVE:ABN) (OTCMKTS:ABNAF) for a discussion about the company's Forest Kerr Project in British Columbia's Golden Triangle and recent drills results from the South Boundary of the zone.

Ellis Martin is a shareholder of Aben Resources.

Aben Resources is a sponsor of The Ellis Martin Report.

To view the Video Audio, please visit:
http://www.abnnewswire.net/press/en/95088/Aben

Don Myers
Aben Resources Ltd.
Director, Corporate Communications
Telephone: 604-639-3851
Toll Free: 800-567-8181

Ellis Martin
Editor
Email:martinreports@gmail.com
Telephone: +1-310-430-1388
www.ellismartinreport.com

Rumble Resources Limited (ASX:RTR) ("Rumble" or "the Company") is pleased to provide an update on its exploration activities.

In line with Rumble's strategy of generating and drill testing a pipeline of exploration projects capable of high-grade world-class discoveries, Rumble recently completed RC drill programs on the Braeside and Nemesis projects, and is fast tracking drill targetting on the Barramine, Munarra Gully, Earaheedy, Long Lake and Panache Projects.

Highlights

Braeside Zn-Pb-Cu-Ag-V Project

- RC drilling completed on E45/2032 with 14 (fourteen) targets tested over a strike of 35km within a mineralised corridor up to 6km in width at Braeside.

o A total of 61 (sixty-one) slimline RC drill-holes were completed for 5108m.

o Drill assays expected by late November.

- Stream sediment sampling programme completed on E45/4874 - Final results and interpretation pending.

Lamil Cu-Au Project

- Strategic exploration license applications located between the Telfer Gold Mine (Newcrest) and Nifty Copper Mine (Metals X) secured, expanding Rumble's footprint by 1375km2 in the Pilbara Region.

Barramine Cu-Pb-Zn-Ag Project

- Regional soil sampling completed covering potential north extension of the Braeside base metal mineralised system - Final results and interpretation pending.

Munarra Gully Cu-Au Project (White Rose Prospect)

- Multi-element assays confirmed elevated platinum/palladium (PGM's), Ag, Mo and Re are associated with the recent significant copper-gold discovery at the White Rose prospect which included 22m @ 1% Cu coincident with 19m @ 2.19 g/t Au.

- XRD (X-Ray Diffraction) has highlighted idaite (supergene mineral of bornite) and chalcopyrite as the main copper minerals.

- Downhole TEM of large conductor 600m west of the White Rose Prospect has outlined low order gold mineralisation (up to 1.08 g/t Au) associated with pyrrhotite in shear zones which are not associated with the White Rose Prospect Cu-Au mineralisation.

- The White Rose Prospect is a copper-gold mineralised mafic intrusion (norite) which has been defined by only 4 drill-holes to date (two sections 160m apart). The mineralisation is completely open along strike and at depth. The discovery may potentially represent a new style of mafic hosted Cu-Au deposit.

- Rumble is fast tracking systematic exploration at White Rose and 8km of strike at E51/1677 identified by lag and grab sampling, generating first order targets for drill testing.

Nemesis Au Project

- No significant gold mineralisation intercepted in RC drilling. The depth extension to mineralisation below the Nemesis high-grade gold mine is interpreted to have been terminated by sub-parallel faulting.

Earaheedy Zn Project

- Infill ground gravity with partial leach geochemistry program completed over main zones where previous explorers have defined significant Zn mineralisation including: 7.3m @ 6.12% Zn, 0.77% Pb (inc. 3.3m @ 11.2% Zn, 0.93% Pb).

- Gravity modelling is scheduled to aid in final drill target delineation prior to upcoming RC/Diamond Drilling program, which has $100,000 EIS funding available towards drilling costs.

Long Lake and Panache Cu-Ni-PGE-Co Projects (Ontario Canada)

- Ground TEM has been planned (awaiting tenders) to test significant Ni, Cu and PGE surface mineralisation (to 6.01% Cu, 1.47% Ni, 3.5 g/t PGE & 1.1% Co) at the Panache Project and to test a north trending zone of prospective Sudbury Breccia (elevated PGE's) with a coincident VTEM conductor at Long Lake, with the aim of generating high order conductors for subsequent diamond drill testing.

Exploration Update

Braeside - Zn-Pb-Cu-Ag-V Project (see image 1 & 2 in link below)

Exploration target(s) are:

- Porphyry related structurally controlled high-grade Zn-Pb-Cu-Ag-V breccia pipes

- High level (epithermal) base metal veins

- Sediment hosted disseminated base metal replacement zones

- Porphyry related stock-works

RC Drill Programme - E45/2032 (see image 2 in link below)

Rumble completed a total of:

- 61 (sixty-one) slimline RC drill-holes for 5108m testing 14 targets/prospects over a strike of 35 km and up to 6 km in width.

- The drill holes were designed to test up to four mineralization styles within extensive highly mineralised altered structures.

The targets/prospects (see image 2 in link below for targets/prospects) tested by the recent drilling are predominantly high-grade base metal geochemical anomalies that have been defined by intensive surface exploration conducted by Rumble within the current field season (commenced April 2018). The mineralization is interpreted to represent various deposition levels along multiple strike extensive fractures associated with deep lying porphyry systems.

CSIRO investigation into the alteration mineral footprints at Braeside - E45/2032

CSIRO is conducting a multi-spectral alteration and mineral mapping study of mineralization and geology within E45/2032. The study is near completion with the aim to:

- Evaluate spectral alteration and mineral mapping with respect to known base metal mineralization to ascertain potential signatures that will aid in further exploration.

- Review the response of the various mineral mapping signatures to outcrop, sub crop and shallow covered regolith with the aim to extrapolate into other prospective regions.

- Compile all available information (generated by Rumble), including surface geochemistry, aero-magnetics and VTEM along with publicly available GSWA regional geological mapping and then correlate with the CSIRO generated mineral mapping /alteration imagery to highlight potential associations.

Next Steps - E45/2032

- Final RC Drilling assay results are expected in mid-November.

- Collaborate with CSIRO to finalise research report

Rumble has applied for an exploration license application immediately west and contiguous to E45/2032, the main Braeside tenement - See image 1 in link below.

Stream Sediment Sampling Survey - E45/4874 (see image 1 in link below)

Stream sediment sampling has covered amenable drainages within the entire area of E45/4874. A total of 188 samples were collected. Multi-element analysis with additional bulk cyanide leach (for precious metals) has been completed.

Next Steps E45-4874

- Final results and interpretation pending for stream sediments.

Lamil Cu-Au Project (see image 1 in link below)

Exploration target(s) includes stratiform base metal and Telfer Cu-Au deposit types.

Rumble has applied for strategic exploration license applications (Lamil Project) that lie approximately 30km to the south east of the main Braeside Project area (see image 1 in link below) in the east Pilbara region of Western Australia. The applications cover an area of 1375km2 over the highly prospective Paterson Province terrane located between the major mining operations of the large Telfer Gold Mine owned by Newcrest and the Nifty Copper Mine owned by Metals X Limited.

The highly mineralised Paterson Province region has recently been subject to extensive exploration from various groups targeting large scale stratiform Cu, sediment hosted Zn-Pb, potential iron oxide copper gold (IOCG) and sediment hosted vein copper - gold Telfer Style deposits.

With the addition of the Lamil Project, Rumble has extended its footprint to over 2400km2 in the highly prospective east Pilbara/Paterson region.

Next Steps

- Complete a review of all historical exploration through open file

- Follow protocol necessary from application through to the grant

Barramine Cu-Pb-Zn-Ag Project (see image 1 in link below for location)

Exploration target(s) are the same as at the Braeside Project:

- Porphyry related structurally controlled high-grade Zn-Pb-Cu-Ag-V breccia pipes

- High level (epithermal) base metal veins

- Sediment hosted disseminated base metal replacement zones

- Porphyry related stock-works.

Regional Soil Geochemistry

- Regional soil sampling on a staggered 400m by 400m pattern with areas of 200m infill has been completed within E45/4368 (Barramine JV Project with RTR).

- A total of 286 samples were collected and submitted for multi-element analysis.

Next Steps

- Final results and interpretation pending for soil sampling

Munarra Gully Cu-Au Project (Cue District, Murchison, WA) - image 3(see link below).

Exploration target(s) are multiple copper-gold bearing mafic (norite) intrusions.

Four RC drill-holes returned significant copper-gold mineralisation from a fine to medium grain intrusive pyroxenite (norite) at the White Rose Prospect (ASX announcement - Significant Cu-Au Discovery at Munarra Gully - 30th Aug 2018).

Results included 22m @ 1.00% Cu from 29m coincident with 19m @ 2.19 g/t Au from 33m - hole WRRC001. See image 3 in link below for significant intercepts.

White Rose Prospect - Multi-Element Geochemistry and XRD results

As part of the systematic approach to understand the mineralised systems Rumble completed:

Additional multi-element geochemistry

The results confirmed elevated platinum/palladium (PGM's) with the recent copper-gold mineralisation discovered at the White Rose prospect:

- Pt + Pd (to 96ppb), Ag (to 11.4 g/t), Mo (to 116ppm) and Re (0.28ppm).

Low level elevated element associations also noted include Co, Se and REE's.

XRD (X-ray Diffraction)

This was completed on copper - gold mineralised samples which highlighted idaite (supergene mineral after bornite) and chalcopyrite as the dominant copper minerals in the transitional zone. Note that the deepest mineralisation intercepted at the White Rose prospect was just above the primary zone.

Style of Mineralisation

The style of mineralisation appears to be magmatic and is atypical with respect to mineralised mafic intrusive systems due to high Cu:Ni ratios, high Au and Ag, low S and various elevated other elements that suggest strong melt contamination.

The likely style is as announced previously (ASX announcement - Significant Cu-Au Discovery at Munarra Gully - 30 Aug 2018) which is similar to known large copper rich mafic intrusive (ortho-pyroxenite) deposits in Brazil (Caraiba mining district - 96Mt @1.82% Cu reserve and production) and South Africa (Okiep mining district - Koperberg - 94Mt @ 1.75% Cu historic production). Gold, silver and PGM's are associated with the copper deposits.

Munarra Gully Ground TEM Conductor - image 3(see link below).

Results of the ground TEM (transient electro-magnetic) survey on drill-hole WRRC006 has outlined at least two north northeast trending (local foliation trend) pyrrhotite bearing shear zones within mafic volcanics/volcaniclastics and dolerite. Low order gold mineralisation is associated with the shearing (WRRC006 - 4m @ 0.68 g/t Au from 221m).

The mineralised shear zones are not considered to be related to the White Rose copper-gold mafic intrusive hosted discovery.

White Rose Potential (see image 3 in link below.)

The White Rose Prospect has been defined over 160m in strike and is completely open along strike and at depth. The mineralised norite has intruded east-west into a sequence of north-northeast trending mafic volcanics and volcaniclastics. The prospect may potentially represent a new style of mafic copper-gold bearing intrusive system.

E51/1677 Potential (see image 4 in link below)

West and southwest of the White Rose Prospect, Rumble recently conducted limited lag geochemistry along the inferred mafic/ultramafic lithological horizon with additional grab sampling within E51/1677. The area is located 4km southwest of the White Rose Prospect. Lag sampling (107 samples taken) returned significant copper, nickel and gold anomalism. Copper returned up to 721 ppm in lag, nickel to 1800 ppm and Au to 72 ppb (ASX announcement - Significant Cu-Au Discovery at Munarra Gully - 30 Aug 2018)

Copper anomalism over 3.5km in strike coincides with inferred mafic/ultramafic (orthopyroxenites) from aero- magnetics. Grab sampling along the copper in lag anomalism (only 3 samples collected) returned up to 2.11 g/t Au and 0.28% Cu. There were no previous exploration or historic workings associated with the grab sampling.

Lag and grab sampling by Rumble has outlined over 8km of strike potential coinciding with a partly buried strong magnetic anomaly which has been inferred as the same host - ortho-pyroxenite which is yet to be tested.

Next Steps

- White Rose Prospect: Aircore Drilling program for strike extension of mineralised zone to generate drill targets for deeper RC Drilling

- E51-1677 - Lag and grab sampling to cover the full 8km of strike potential to generate drill targets

Nemesis Au Project

No significant gold mineralisation was intercepted from RC drilling on the Nemesis Project. Drilling beneath the main Nemesis shaft intercepted granite. The depth extent of the high-grade gold mineralisation has been interpreted to be terminated by a sub-parallel fault/shear zone.

As part of its strategy of generating and drill testing a pipeline of exploration projects, Rumble aims to structure deals on projects, including Nemesis, that provide optionality to complete low cost exploration to test for discoveries, and that the Company can then exit from if exploration and/or drilling if unsuccessful. Rumble will relinquish the option on the Nemesis Project and focus on the pipeline of projects it has acquired which provide near term opportunities for world class discoveries.

Earaheedy Zn Project (see image 5 in link below)

Exploration target(s) are flat lying MVT (Mississippi Valley Type) carbonate hosted Zn-Pb deposits and associated higher angle Zn-Pb fault breccias.

- In-fill gravity surveys down to 100m by 100m and 200m by 100m stations have been completed at Earaheedy (E69/3464).

- In total, 1080 gravity stations cover two areas (total of 24km2) with the focus on the Navajoh, Magazine and Chinook Zn-Pb Prospects.

- Rumble also collected a total of 372 partial leach samples on a 200m by 200m spacing over the Navajoh and Magazine Prospects. The samples were analysed using the "Terraleach" methodology designed to leach secondary iron and associated metal ions from soils and regolith.

The Navajoh, Magazine and Chinook Zn-Pb Prospects are associated with the Navajoh Dolomite Member (also known as the Sweetwaters Well Member) of the Yelma Formation. The Yelma Formation is the lower unit of the 5000m thick Earaheedy Basin (Palaeoproterozoic). Sphalerite, galena, pyrite and marcasite (coarse grain) occurs as stratiform/stratabound ore fill veins and breccias, dissolution cavity fill, disseminated, stylolitic and fault fill mineralisation styles.

Rumble is targeting both high-grade base metal flat lying sediment hosted and high to low angle fault breccias MVT style deposits.

The partial leach geochemistry has highlighted the contact position between the underlying carbonate sediments (Navajoh Dolomite Member - Yelma Formation)) and the overlying iron rich sediments of the Frere Formation. A strong base metal halo has developed along the contact - see image 5 in link below). The overlying iron rich sediments have effectively chemically masked any potential base metal leakage haloes along inferred faults.

Rumble considers the Earaheedy Project as highly prospective based on very significant Zn-Pb mineralisation outlined on broad spaced drilling (completed in the 1990's) that has defined the Navajoh, Magazine and Chinook Prospects. These prospects contain oxidised and primary Zn-Pb mineralisation (zinc dominant) associated with a flat lying to shallow northeast dipping laterally continuous dolomite horizon with over 20 kilometres strike. The initial drill spacing was 5 to 10km. The current drill spacing is approximately 1km by 1km. Significant intercepts are presented in image 5(see link below).

Next Steps

- Gravity inversion modelling is planned to aid in optimising better drill targets

- RC/Diamond drilling program

- Rumble has received EIS (Exploration Incentive Scheme) funding for half the drilling costs, up to $100,750

Long Lake and Panache Cu-Ni-PGE-Co Projects (Ontario, Canada) - (see Image 7 in link below)

Exploration target(s)

- Long Lake Project - Target blind Sudbury "Offset Dyke" style massive Ni - Cu - PGM type deposits

- Panache Project - Target high order base metal with PGM surface anomalism inferred to be potential feeders to gabbroic intrusions

Panache Project

Strong surface geochemistry at Panache is associated with a large gabbroic intrusion.

Grab sampling returned up to 6.01% Cu, 1.47% Ni, 3.5 g/t PGE and 1.1% Co over exposed sulphidic gabbro. No previous drilling has been completed.

Long Lake Project

Previous VTEM (Versatile Time Domain EM) highlighted a conductor associated with outcropping Sudbury Breccia at Long Lake.

Sudbury Breccia is associated with known Cu-Ni-PGE deposits of the Sudbury Basin Cu-Ni-PGE province. A single shallow diamond drill-hole hole tested the outcrop returning elevated PGE's and blebby sulphides.

Next Steps

- Panache Project: A deep penetrating ground TEM survey has been planned to test the strong surface geochemistry intrusion with the aim of generating high order conductors for subsequent diamond drill testing.

- Long Lake Project: A deep penetrating ground TEM survey has been planned to test the VTEM conductor and outcropping Sudbury Breccia with the aim of generating high order conductors for subsequent diamond drill testing.

To view images, please visit:
http://abnnewswire.net/lnk/ZFY97NPF

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