Articles on this Page
- 10/24/18--16:27: _ Environmental Clea...
- 10/24/18--16:28: _ Lithium Power Inte...
- 10/24/18--16:36: _ MNF Group Ltd (ASX...
- 10/24/18--17:20: _ Minotaur Explorati...
- 10/24/18--17:55: _ MMJ PhytoTech Ltd ...
- 10/24/18--19:23: _ Alt Resources Ltd ...
- 10/25/18--15:44: _ Australian Potash ...
- 10/25/18--15:45: _ Argent Minerals Li...
- 10/25/18--15:46: _ Sayona Mining Ltd ...
- 10/25/18--15:47: _ Ardea Resources Lt...
- 10/25/18--15:48: _ Otherlevels Holdin...
- 10/25/18--16:42: _ Cardinal Resources...
- 10/25/18--17:13: _ Nanollose Ltd (ASX...
- 10/25/18--18:34: _ Investigator Resou...
- 10/25/18--18:52: _ White Cliff Minera...
- 10/25/18--20:02: _ Mission NewEnergy ...
- 10/25/18--20:06: _ MMJ PhytoTech Ltd ...
- 10/25/18--20:58: _ Nanollose Ltd (ASX...
- 10/25/18--21:25: _ Donaco Internation...
- 10/25/18--22:08: _ Core Exploration L...
- 10/24/18--16:36: MNF Group Ltd (ASX:MNF) Share Purchase Plan
- 10/24/18--19:23: Alt Resources Ltd (ASX:ARS) Quarterly Activities Report
- 10/25/18--15:45: Argent Minerals Limited (ASX:ARD) Prospectus
- 10/25/18--15:46: Sayona Mining Ltd (ASX:SYA) Annual Report to Shareholders
- 10/25/18--15:47: Ardea Resources Ltd (ASX:ARL) Annual Report to Shareholders
- 10/25/18--15:48: Otherlevels Holdings Ltd (ASX:OLV) Quarterly Report
- 10/25/18--18:34: Investigator Resources Ltd (ASX:IVR) Annual Report to Shareholders
- 10/25/18--20:02: Mission NewEnergy Limited (ASX:MBT) Annual Report to Shareholders
- 10/25/18--20:06: MMJ PhytoTech Ltd (ASX:MMJ) Portfolio Management Update
- 10/25/18--20:58: Nanollose Ltd (ASX:NC6) 2018 AGM & Presentation
- 10/25/18--21:25: Donaco International Ltd (ASX:DNA) Annual Report to Shareholders
Environmental Clean Technologies Limited (ASX:ECT) (ECT or Company) is pleased to advise it has received its 2018 financial year R&D Tax Incentive Refund.
- ~AUD1.673 million R&D Tax Incentive refund received
- Current 'Brevet' R&D loan satisfied in full
- Surplus of ~AUD282k to support India project
The refund of ~AUD1.673 million is in line with accruals disclosed in the 2018 Annual Report and repays in full the current R&D loan provided by New York-based financier 'Brevet'.
A surplus of ~AUD282,000 will be allocated to working capital in support of the Company's priority initiatives including the India Project.
ECT Chief Operating Officer Mr Jim Blackburn noted "This year's refund has been processed and received in record time, reflecting the continuous refinement of our accounting and loan facility management processes, driven by our CFO Martin Hill."
The R&D Tax Incentive is a program managed by AusIndustry aimed at supporting eligible research activities.
Activities in India and Australia related to the research and development of the Company's Coldry process are covered by an advance finding and overseas ruling. An application for the same ruling on Matmor has been submitted and an outcome is expected in due course.
ECT Chairman Mr Glenn Fozard commented, "The R&D Tax Incentive program supports innovation, both in terms of the valuable research generated by companies like ours, and innovation around the financing of that research. It has seen the emergence of financial products such as that provided by Brevet, which allows the forward factoring of anticipated refunds, providing additional cashflow to the business as we work toward delivering on our objectives."
Glenn Fozard Chairman Environmental Clean Technologies Ltd E: firstname.lastname@example.org WWW: www.ectltd.com.au
Lithium Power International Limited (ASX:LPI) (OTCMKTS:LTHHF) (LPI or the Company) is pleased to announce the appointment of Mr Richard Crookes as a new Executive Director. Mr Crookes is highly qualified and has developed strong relationships with the institutional market around the world.
- Mr Richard Crookes is to join LPI's Board and executive team as Executive Director - Corporate Finance.
- Mr Crookes brings broad experience from the resource industry and extensive investment banking and institutional market expertise.
- Mr Crookes main focus is to ensure the Maricunga Project is appropriately funded and that key strategic partnerships are secured, as it moves into the development phase.
Mr Crookes will ensure the Company's Board is appropriately resourced as the Maricunga Lithium Brine Project (the Project) in Chile moves into the development stage. In particular, he will assist with the finalisation of project financing and/or off-take agreements.
Mr Crookes will head LPI's corporate and project finance function. He will work alongside CEO Mr Cristobal Garcia-Huidobro and CFO Mr Andrew Phillips, both of whom have participated in significant project financing in the past, to secure the long-term funding required to develop the Project.
LPI and its Project joint venture company, Minera Salar Blanco S.A., have received a number of approaches from third-parties during the past year, offering project finance and/or off-take relationships. It has been the JV's agreed strategy not to progress with potential off-take partnerships or project financing until the completion of the Definitive Feasibility Study (DFS), scheduled for end 2018.
Consistent with other LPI Director appointments, Mr Crookes will be granted 2,000,000 unlisted options with an exercise price of $0.60 and a term of three years. The granting of options is subject to approval at the Company's Annual General Meeting to be held on 28 November 2018.
Mr Crookes is a highly regarded Australian resource industry and investment professional and has more than 30 years experience in the mining and finance sectors. He combines experience in resource industry operations with mining finance and investment expertise and has considerable experience in the South American resource sector.
He is a geologist with involvement in all aspects of mining projects, including exploration, mineral resource development, operations, project finance and project management.
After 15 years in the resource industry, Mr Crookes worked for 12 years at Macquarie Bank, where he originated and managed many of the bank's principal investments in exploration and mining companies as well as leading several project finance transactions. His most recent role as an Investment Director for the mining specialist private equity fund manager, EMR Capital, includes significant contributions to the success of two EMR funds during the past six years. These mining finance roles include several investments and transactions in Chile.
Mr Crookes is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM,) a Fellow of the Financial Services Institute of Australia (FINSIA) and a Member of the Australian Institute of Company Directors (AICD).
The appointment of Mr Crookes as Executive Director takes effect on 1 November 2018.
LPI 's Chairman, David Hannon, said:
The addition of Mr Crookes to the Board adds to other recent Board changes and sets the Company up for the next stages of developing the Maricunga Project.
Mr Crookes brings deep corporate and technical knowledge and experience to LPI after many years in the international mining sector and will provide expertise in our project finance requirements.
On behalf of the existing Directors, I am pleased to welcome Richard to the LPI Board.
To view the terms of employment of Mr Richard Crookes, please visit:
David Hannon - Chairman or Andrew Phillips - CFO / Company Secretary Lithium Power International E: email@example.com Ph: +61-2-9276-1245 www.lithiumpowerinternational.com Twitter: @LithiumPowerLPI
MNF Group Ltd (ASX:MNF) today has sent out an offer to eligible shareholders to acquire up to $15,000 of shares in MNF through a SPP for $4.40 per share, available in $1,000 increments from a minimum of $1,000 up to a maximum of $15,000. The SPP is open to all shareholders with a registered address in Australia or New Zealand (Eligible Shareholders).
Share Purchase Plan (SPP) details:
The SPP is not underwritten and there will be no placement of any shortfall.
The Board acknowledges that since our initial SPP announcement, on October 19, 2018, the share price has traded below the $4.40 offer price, closing yesterday at $4.21. However, the offer does remain open until November 8, 2018.
Record Date: 18 October 2018 - 7:00pm (AEDT)
Offer opens: 25 October 2018
Offer closes: 8 November 2018 - 5:00pm (AEDT)
Allotment date: 15 November 2018
These key dates are indicative and may be subject to change.
A copy of the Plan Offer Booklet and application form has been lodged separately with the ASX.
To view the Plan Offer Booklet and application form, please visit:
MNF Group Ltd T: +61-2-8008-8090 E: firstname.lastname@example.org WWW: www.mnfgroup.limited
Minotaur Exploration Ltd (ASX:MEP) ('Minotaur') reports significant copper-gold intersections for the Eloise JV at 'Jericho', located 60km southeast of Cloncurry, NW Queensland. Latest assays from drilling into the J1 structure delineate high grade copper at shallow depths, demonstrating the persistent nature of mineralisation at Jericho.
- Consistent, shallow high-grade copper along +500m of strike in both central and southern sections of J1:
o 32m @ 1.06% Cu from 143m, including 12m @ 2.39% Cu in hole EL18D29
o 30m @ 1.47% Cu from 130m, including 11.3m @ 3.43% Cu in hole EL18D30
- J2 zone not yet tested up-dip to shallow levels
- Jericho shaping up as significant discovery
- Rig returning to infill holes along northern extent of J1
Since discovery of copper-gold mineralisation at Jericho in October 2017 the Eloise joint venture has completed 28 holes for 12,840m. This largely broad spaced scout drilling has encountered copper-gold mineralisation in every drillhole along two modelled conductors that extend for 3.3km (J1) and for 1.2km (J2) respectively, the centroids of which are sited 3km from the Eloise copper-gold mine (see Figures 1 and 2 in link below).
Five holes, EL18D26-EL18D30, are reported here - each returning significant copper-gold values (see Figure 3 and Tables 1-3 in link below).
Drill holes EL18D26-EL18D28 lie along strike and/or below holes EL18D05 and EL18D18 in the southern part of J1 (see Figure 3 in link below) where shallow, strong copper-gold mineralisation was intersected previously (hole EL18D18 returned 17m @ 2.39% Cu and 0.58g/t Au from only 97m)(see Note 1 below). The latest assays include EL18D26 with 12m @ 1.23% Cu and 0.36g/t Au from 91m; EL18D27 with 28m @ 0.37% Cu and 0.06g/t Au from 185m; and EL18D28 with 28.4m @ 0.72% Cu and 0.05g/t Au from 229.8m. These holes confirm shallow mineralisation along approximately 500m of strike of the southern part of J1 (see Figure 3 in link below).
Drill holes EL18D29 and EL18D30 were drilled 100m either side of early drill hole EL18D02 (which reported 44m @ 1.1% Cu and 0.22g/t Au from 159m, including 17m @ 2.3% Cu and 0.5g/t Au in J1) (see Note 2 below). Hole EL18D29 returned 32m @ 1.06% Cu and 0.18g/t Au from 143m, including 12m @ 2.39% Cu and 0.42g/t Au. Hole EL18D30 returned 30m @ 1.47% Cu and 0.21g/t Au from 130m, including 11.3m @ 3.43% Cu and 0.44g/t Au. These holes collectively define persistent, shallow high-grade copper-gold mineralisation over approximately 500m of strike in the central part of J1 (see Figure 3 in link below). Drilling below these shallow intersections has not yet been attempted.
Broad scale drilling at Jericho has encountered copper-gold mineralisation in every drillhole along each of the J1and J2 zones. Drill hole EL18D30 assays are pending for samples from within the central J2 section.
Together, 3.3 km of copper-gold mineralisation along the J1 zone and 1.2km for the J2 zone clearly demonstrate Jericho is a very large Cu-Au mineral system in bedrock below approximately 30-75m of Mesozoic cover.
At J1, recent drilling shows strong copper grades at shallow depths along 1km of strike, collectively in 2 sections, which is highly encouraging given the absence of shallow drilling north of hole EL18D15 (see Figure 3 in link below). That northern portion, which is known to be mineralised, has not had any shallow drilling due to access issues; those are now resolved, paving the way for drill attention.
Within J2, drilling has intersected the host structure at depth (the upper most hole was EL17D13 at 271m down-hole depth - see Figure 3 in link below); because holes were designed to test both J1 and J2 and, as a consequence, drill intersections in J2 were at depth. Every hole drilled into J2 is mineralised, suggesting shallow holes placed up-dip could also encounter copper mineralisation.
Considering the broad spacing of holes within the northern extent of J1 the rig will shortly return to close in those gaps.
The Eloise project, 55km south-east of Cloncurry, is a joint venture ('Eloise JV') between Minotaur and OZ Minerals Ltd (ASX:OZL). OZ Minerals may sole fund up to $10 million over six years for which it will earn 70% beneficial interest in Minotaur's 'Eloise' tenements, 60km south-east of Cloncurry, Queensland. OZ Minerals' 70% interest is forecast to be achieved by early 2019, 3 years earlier than originally contemplated. Minotaur is manager and operator of the joint venture.
The Eloise JV is seeking Eloise-style copper-gold and Cannington-style silver-lead-zinc mineralisation, with both styles evident in the well-endowed mineral camp around the Eloise, Altia and Maronan deposits (refer to Figure 1 in link below).
1 ASX release 28 August 2018; Drilling update for Jericho copper prospect at Eloise JV, Cloncurry
2 ASX release 09 October 2018; Jericho delivers more copper results for Eloise JV, Cloncurry
To view tables and figures, please visit:
Andrew Woskett Managing Director Minotaur Exploration Ltd T: +61-8-8132-3400 www.minotaurexploration.com.au
MMJ Group Holdings Limited (ASX:MMJ) (OTCMKTS:MMJJF) (MMJ) is pleased to note the attached announcement by Bod Australia Limited (ASX:BDA) confirming that they have entered into a collaboration agreement with Cannabis Access Clinics.
MMJ has AUD$1 million invested in Cannabis Access Clinics for a 17.4% shareholding.
To view the announcement, please visit:
Investor and Media Enquiries: Jason Conroy Chief Executive Officer T: +61-2-8098-0819 E: email@example.com
Alt Resources Limited (ASX:ARS) ("Alt" or "the Company") is pleased to provide shareholders its Activity Report for the Quarter ending 30th September 2018.
During this period, the Company's key focus has continued to be the establishment of a central gold mining hub at the Bottle Creek Mine Site in Western Australia. Of great significance this Quarter was the completion of all conditions to exercise the Option to Purchase the Bottle Creek Gold Project, with the final payment to be made in two tranches of $1.875M in November 2018 and $3M in November 2019.
The final condition of the Option was the release of the Maiden JORC Resource in August, which constituted the first modern resource for the Bottle Creek Project and the first resource estimate undertaken by Alt Resources within its larger Mt Ida Gold Project.
The Mt Ida Gold Project is rapidly evolving into a promising gold hub, with multiple exploration and mining targets throughout the vicinity.
Bottle Creek, WA
- All conditions satisfied to complete and exercise the Option to Purchase Agreement for the Bottle Creek Gold Project
- Final payment for Bottle Creek to be made in 2 tranches
o 1st tranche payment $1.875M in November 2018
o 2nd tranche payment $3.0M in November 2019
- Bottle Creek JORC Resource estimate stands at 2.6Mt @ 1.9 g/t Au for 160,000 oz Au
- Greater Mt Ida Project combined resource inventory now stands at 3.9Mt @ 2.07 g/t Au for 257,000 oz Au and 900,000 oz Ag
- Measured + Indicated Resource for the global Mt Ida Project is 132,000 oz Au
- Alt's average discovery cost over the Bottle Creek project is now $7.80 per ounce
- Third stage RC drilling has commenced at VB and Boags, testing mineralisation potential immediately along strike of the historical pits
- Mine planning, pit optimisation and metallurgical study currently underway ahead of Pre-Feasibility Study ("PFS")
To view the full report, please visit:
Alt Resources Ltd T: 1800-774-438 F: +61-2-4910-2510 E: firstname.lastname@example.org WWW: www.altresources.com.au
Australian Potash Limited (ASX:APC) (Company) is pleased to advise the second successful transfer of approximately 70 tonnes of potassium saturated brine from the first harvest pond (H1) into the second harvest pond (H2) at the Lake Wells Sulphate of Potash project pilot evaporation pond network.
This second transfer allows for the desiccation and collection of potassium (K) and sulphate (SO4) bearing salts precipitated in H1.
- Successful Brine Transfer from First Harvest Pond to Second Harvest Pond
- Approximately 10 tonnes of potassium and sulphate bearing salts precipitated into the first harvest pond
- The next phases of evaporation and crystallisation in the second and third harvest ponds will produce more than 10 additional tonnes of salts
- APC will produce an estimated 250 kilograms of SOP trade samples in an initial production run for delivery to MOU Offtake Partners Q4 2018
The pilot pond network at Lake Wells comprises a large pre-concentration pond (P1) and three smaller, harvest ponds (H1 to H3). The raw, hypersaline brine was pumped into P1 using one of the five (5) existing production bores at the project. Evaporation in P1 promoted the precipitation of NaCl and the saturation of dissolved K and SO4 in the remaining brine solution.i While minor amounts of NaCl continued to precipitate in H1, the crystallisation of K and SO4 bearing salts also occurred.
Following this second successful brine transfer, the salts in H1 may now be harvested.
As the brine evaporates further in H2, various K and SO4 bearing salts continue to crystalise. It is anticipated that the third and final transfer of brine into the final harvest pond (H3) will occur within the next 2 - 3 weeks, resulting in the final crystallisation of 'feeder' or harvest salts in the harvest ponds. A blend of salts from H1, H2 and H3 will be processed to a refined SOP.
The pilot evaporation pond program is anticipated to produce more than 20 tonnes of harvest salts, from which approximately two tonnes will be transported to the laboratory in Perth, where a pilot plant is being established; the remaining salt will be stored on site for future testing as required. In the initial pilot run, approximately 250 kilograms of trade samples of SOP will be produced. The Company's processing consultants, Novopro, will manage the production of SOP at the Perth laboratory's pilot plant.
Managing Director Matt Shackleton commented: "The understanding of the evaporative environment that we gain from the pilot pond network is invaluable in our final design concepts for the commercial scale ponds. Coupled with the more than 100 years of local meteorological records and our own long-term Class A evaporation pan trials, we are seeing confirmation of the evaporation models being developed by expert Canadian potash processing consultants Novopro.
"The Definitive Feasibility Study has entered its final phase across abstraction, evaporation and processing. We are very advanced with our permitting, with EPA approval of our Environmental Scoping Document, have granted mining leases and have made material advancements in logistics.
"We look forward to continuing to provide regular updates on the DFS over these final few months."
To view figures, please visit:
Matt Shackleton Managing Director and CEO E: email@example.com M: +61-438-319-841 Stewart McCallion Project Manager E: firstname.lastname@example.org M: +61-439-980-401
Argent Minerals Limited (ASX:ARD) provides Entitlement Issue Prospectus for a non-renounceable entitlement issue of one (1) Share for every four (4) Shares held by those Shareholders registered at the Record Date at an issue price of $0.015 per Share to raise up to $1,739,848 (based on the number of Shares on issue as at the date of this Prospectus) together with one (1) new attaching Option for every two (2) Shares subscribed for and issued (New Option) (Offer).
To view the Prospectus, please visit:
Argent Minerals Limited David Busch, Managing Director T: +61-2-9300-3390 E: email@example.com WWW: www.argentminerals.com.au
Sayona Mining Ltd (ASX:SYA) (OTCMKTS:DMNXF) provides the Company's Annual Report to shareholders.
Sayona's strategy is to develop projects to supply the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors.
- DFS confirms the project profitability with a projected pre-tax NPV of C$184m (A$194m)
- Increased Ore Reserve to 12.1 million tonnes
- All major Authier environment studies completed
- AUD $12 million capital raising
- Acquisition of Tansim exploration permits
- Drilling program for WA lithium projects
To view the full report, please visit:
Dan O Neill Managing Director Phone: +61-7-3369-7058 Email: firstname.lastname@example.org www.sayonamining.com.au
Ardea Resources Ltd (ASX:ARL) (OTCMKTS:ARRRF) provides the Company's Annual Report to shareholders.
Chairman's Letter to Shareholders 2018
On behalf of the Directors of Ardea Resources Limited ("Ardea") I am pleased to report on the Company's activities over the past year.
Ardea has made significant progress in advancing the Goongarrie Nickel Cobalt Project towards development. In March 2018 the results of the Pre-Feasibility Study for both a 1.0Mtpa and a 1.5Mtpa option were released. In July 2018 we announced the results of an Expansion Study for 2.25Mtpa. All of these studies confirmed the strong potential returns for Shareholders from the development of the Goongarrie Nickel Cobalt Project.
The Company has also completed 29,747 metres of drilling at the Goongarrie project, which results are currently being used to update the resource estimate for the project. The drill core has also been used for metallurgical test work including Ardea's first pilot plant program to produce nickel and cobalt sulphate crystals.
To further enhance project value, Ardea plans to explore the upside potential of scandium, High Purity Alumina, manganese and vanadium at Goongarrie. These are potentially valuable by-products and warrant further evaluation to maximize the value Ardea can extract from this exceptional orebody.
The international interest in nickel and cobalt continues to rise, particularly with cobalt and its value in battery development for electric vehicles. As such in June 2018, Ardea announced that KPMG would conduct a Strategic Partner process to seek a well-financed, battery metal producer, end-user or mining company to assist in developing the Goongarrie Nickel Cobalt Project with us. Goongarrie is a multi-decade production platform in a first world location with significant infrastructure already in place. This Strategic Partner process is ongoing.
While the prime focus at Ardea is Goongarrie we have continued, in parallel to advance our gold and nickel projects in Western Australia (where drilling is planned in late 2018), and also the Lewis Ponds project in New South Wales (where a resource update is underway.)
The Company is well funded as Ardea raised $27.5M in 2018, leaving our cash position at 30 June at $19M. Issued capital remains tight at 105M Shares. After a stellar share price rise in 2017, the fall in the cobalt price over the last year has weighed on the Company's share price, however the long-term demand for nickel and cobalt remain strong due to the strong international uptake in electric vehicles.
I would like to thank our small but dedicated team of employees, directors and consultants for their work which has enabled us to achieve so much and look forward to the next exciting stage of the Company's development.
A development like the Goongarrie Nickel Cobalt Project works best when the local Community is in support. To this end, I would like to acknowledge the encouragement provided by the Menzies Shire and the City of Kalgoorlie Boulder where the Project is located. As Goongarrie advances, Ardea hopes to become the employer of choice in these Local Government districts, and elsewhere in our areas of operation.
I would also like to thank our Shareholders for their ongoing support.
To view the Annual Report, please visit:
Ardea Resources Limited: Katina Law Executive Chair Tel: +61-8-6244-5136 Media or Investor Inquiries: Michael Weir, Citadel Magnus Tel: +61-8-6160-4900
OtherLevels Holdings Limited (ASX:OLV) (OtherLevels) has today released its Appendix 4C for the quarter ended 30 September 2018, featuring:
- 75% increase in cash receipts from customers with A$1.09m for the quarter, compared to A$0.62m for the prior corresponding period.
- The Company also received an R&D tax concession for the financial year ended 30 June 2018 of A$0.77m.
- A$1.05m receivables as at September 30, 2018 which are due to be receipted in October 2018.
- Stable operating and investing costs of A$2.05m compared to A$2.03m in the prior corresponding period, which is in line with prior quarters.
- Funding of $200,000 was advanced by the Chairman and the Managing Director under the existing funding facility.
The quarter yielded another strong result for OtherLevels, reflecting the continued momentum the company is seeing with sales growth and effective operational cost controls.
With the acquisition of XCOM Media ("XCOM") announced during the week, the next quarter will also see the Company focus on integrating the XCOM business and implementing the strategies outlined in the announcement to further enhance OtherLevels presence in the mid-market. The estimated cash outflows for Q2 include the acquisition consideration, associated transaction costs and XCOM operating outflows. Q2 will also include cash receipts of A$1.435m representing proceeds of the successful placement to sophisticated investors and a number of small cap specialist funds.
Brendan O Kane CEO & Managing Director E: email@example.com
Cardinal Resources Limited (ASX:CDV) (TSE:CDV) ("Cardinal" or the "Company") is pleased to announce that it has filed a National Instrument 43-101 ("NI 43-101") Technical Report in respect of the Namdini Pre-Feasibility Study announced on 18 September 2018.
The NI 43-101 Technical Report can be viewed under the Company's issuer profile on SEDAR at www.sedar.com and on the Company's website at www.cardinalresources.com.au.
To view the NI 43-101 Technical Report, please visit:
Archie Koimtsidis CEO / MD Cardinal Resources Limited P: +61-8-6558-0573 Alec Rowlands IR / Corp Dev Cardinal Resources Limited P: +1-647-256-1922 Andrew Rowell Cannings Purple E: firstname.lastname@example.org P: +61-8-6314-6300 Bettina Filippone Renmark Financial Communications Inc E: email@example.com P: +1-416-644-2020 or +1-514-939-3989
Nanollose Limited (ASX:NC6) ("Nanollose" or the "Company") is pleased to announce that it has obtained favourable findings from the Department of Industry, Innovation and Science ("Innovation and Science Australia") which will enable the Company to claim tax rebates on certain overseas research and development expenditure up to $1.419 million over the next three years.
This represents potential tax rebates of $617k (at the current rate of 43.5%) over the next three years, subject to Nanollose undertaking these overseas R&D activities, and will be in addition to rebates claimed from the Company's Australian based R&D expenditure.
Tax rebates under the Australian R&D Tax Incentive Scheme are typically only available for research and development activities undertaken in Australia. However, given the unique and specialised nature of Nanollose's operations, much of its research and development activities cannot be undertaken within Australia due to the specialist viscose spinning equipment and raw material feedstock not being available in Australia.
As a result, Nanollose made an application to Innovation and Science Australia for advanced overseas findings which, following a very rigorous process, led to the issue of certificates under sections 28A and 28C of the Industry Research and Development Act 1986.
The certificates enable partial recovery of expenses for overseas R&D work that cannot be undertaken in Australia. These include refinement of Nanollose's fibre spinning technology, creation of additional fibre types and development of the Company's pilot plant, which is being established to optimise production and processing conditions for microbial cellulose.
Combined with tax rebates from the Company's R&D undertaken in Australia, these additional tax rebates on overseas expenditure will be an important source of non-dilutive funding for Nanollose.
Nanollose Chairman, Dr Wayne Best, said "We are grateful for the finding given to Nanollose by Innovation and Science Australia and value the financial impact this will have on our R&D programs. The finding is the result of considerable effort in documenting our R&D programs for Innovation and Science Australia and reflects the quality and robustness of our programs."
Alfie Germano CEO & Managing Director Email: firstname.lastname@example.org Phone: +61-411-244-477 Michael Wills Media and Investor Relations Email: email@example.com Phone: +61-468-385-208
Investigator Resources Ltd (ASX:IVR) provides the Company's Annual Report to shareholders.
KEY 2018 RESULTS
The two oversubscribed equity raisings in the December 2017 quarter enabled Investigator to advance the Paris Silver Project and other priority projects in South Australia as follows:
Paris Silver Project
- Commenced metallurgical work on composited representative drill samples after geochemical classification of geometallurgical domains within the deposit.
- Undertook comminution tests which confirm the silver is generally hosted in soft and lowabrasive rock.
- Achieved weighted average silver recoveries around 74% with a range of 65% to 89% in preliminary cyanide leach trials for the three main geometallurgical domains.
- Defined a potential water supply for future mining operations through a positive hydrological study.
- Commenced preliminary geotechnical studies for mine design.
- Added modest additional silver resource potential associated with zones of anomalous lead, gold, copper, cobalt and molybdenum by drilling in the southeastern extension of the deposit.
Nankivel copper-gold prospect
Drilled the Trojan induced polarisation ('IP') anomaly. No significant copper mineralisation was discovered.
Maslins iron ore-copper-gold ('IOCG') target:
- Collaborated in the government-sponsored MT survey of the Carrapateena region.
- Enhanced the prospective gravity target further by independently financing an additional MT traverse. Geophysical interpretation suggests an underlying conductive "flare" analogous to that generally recognised as a signature of the Olympic Dam orebody.
- Extended the Maslins IOCG target 6 km along a prospective fault structure at the intersection of a regional fault with the MT "flare".
- Commenced the process of identifying a Joint Venture partner to drill test the target.
Cartarpo "multi-commodity" Target
- Announced surface samples assaying up to 1.78% cobalt, 1.1% rare earth elements ('REE'), 0.52% copper, 0.42% nickel and 0.31% lithium in remnant gossan associated with small historic mine workings.
- Completed a soil geochemical sampling programme which established coherent target zones, extending over an 800 m strike length, open in both directions. Potential is enhanced by the location of the tenement area on the Burra copper trend, which overlies an identified MT "hotspot".
- The Company continued its approach to ongoing research projects which test alternative hypotheses to the geological conventional wisdom.
- The Company received an R&D tax concession totalling A$0.86million for the 2016/17 years under the Federal Government's Research and Development Tax Incentive Programme.
To view the full report, please visit:
Mr Andrew McIlwain Acting CEO/Director Investigator Resources Limited E: firstname.lastname@example.org T: +61-8-7325-2222
White Cliff Minerals (ASX:WCN) ("White Cliff", "the Company") advise that it has appointed Mr Jack Gardner as Non-executive Chairman effective 26 October 2018.
- Appointment of Non-executive Chairman
- Gold strategy focus on extracting shareholder value from the 484,000 ounce Aucu gold deposit
- Cobalt strategy focus on resource definition drilling to crystallise cobalt-nickel value at Australian projects
Mr Gardner is an engineer with extensive experience bringing mines into production. Mr. Gardner graduated from the University of Melbourne in 1962 with a Bachelor of Engineering (Mechanical) degree and is a Fellow of the Institution of Engineers Australia. He also holds a Master of Business Administration degree from Curtin University, Western Australia.
Mr Gardner has held directorships and senior management positions with Hawker Siddeley Engineering Pty Ltd, Comsteel Vickers/ANI, Minproc Engineers Pty Ltd and Broken Hill Metals NL between 1970 and 1990. From 1993-2006 he acted at Chief Engineer for Canadian Company Guinor Gold Corporation. He acted as Executive Chairman of Ghana Manganese Company (2000-2005), rebuilding it into a major manganese carbonate producer. Since 1996, he has developed and managed the 100,000 ounces per annum Lero gold Heap Leach Project and completed the LEFA Corridor project study and supervised the EPCM contractor constructing its 350,000 ounces per annum multiple open pit and CIP Plant project in remote Guinea, West Africa.
In 2010 he was the inaugural Chair of Viking Mines Limited until retiring in 2017. During that chairmanship he supervised the expansion of the Akoase resource to 780,000 Oz gold and the subsequent sale of that Asset. A founder non-executive director of Mincor from 1996 until he retired in 2017, he served through the company's transition from a West African gold explorer in to its development as a substantial nickel sulfide miner and gold miner in the Kambalda region of WA.
We warmly welcome Jack to the team and believe his wide ranging experience across different commodities in both production and exploration phases will be of significant value to the Company.
As part of the Board re-structure the Company's Michael Langoulant will step down as Chairman but remain as an executive director. The changes allow the Company to adhere more closely to the Corporation Act on Corporate Governance and will strengthen the board as the Company focusses on developing the Aucu Gold deposit.
The Company will also focus on extracting value from its 90%-owned Aucu Gold Project in the Kyrgyz Republic, which contains an inferred gold resource of 2.95 million tonnes at 5.1 g/t Au for 484,000 ounces of gold and an inferred copper resource of 17.2 Mt at 0.37% copper containing 64,000 tonnes of copper. Recent geochemical sampling across the project porphyry area has highlighted multiple significant gold-copper and base metals targets highlighting the scale potential of this mineralised system.
Australian Cobalt Nickel Focus
The Company will focus on its cobalt and nickel projects located south-east of Laverton. Each of these projects have the potential to become significant mines in the near term. Although the projects are at early stages, White Cliff believes each could potentially support a stand-alone development of a size and quality that could rival some similar projects being promoted by the leaders in the Australian cobalt-nickel sector. The White Cliff projects also benefit from being located close to Glencore's existing Murrin Murrin nickel-cobalt plant and GME Resources' proposed Mt Kilkenny nickel-cobalt plant, which offer alternative development options.
Todd Hibberd Managing Director T: +61-8-9321-2233 E: email@example.com W: www.wcminerals.com.au
Mission NewEnergy Limited (ASX:MBT) (OTCMKTS:MNELF) provides the Company's Annual Report to shareholders.
Dear Valued Shareholders, on behalf of the Board of Directors, I present to you Mission NewEnergy's Annual Report for 2018.
On 5 December 2016, the Company announced that it had entered into a Heads of Agreement to acquire the business operations of the AUS Group, a leading manufacturer of building materials products in Australia. The shares traded on the Australian Securities Exchange (ASX) were placed into voluntary suspension at that time. This transaction was anticipated to be completed via a reverse takeover, commonly known as an RTO and required AUS Group to complete a number of transaction condition precedents, including completing a pre-RTO funding round to meet immediate growth working capital requirements. On 19 January 2018 the Company terminated the agreement with AUS Group because they had been unable to fulfill the conditions precedent to complete the transaction.
The Company believes that it is a good candidate to undertake an RTO with an entity that meets the ASX compliance rules and continues to work with potential entities to complete an RTO.
The Group owns 100% of M2 Capital Sdn Bhd, a Malaysian subsidiary, which owns a 20% stake in FGV Green Energy Sdn Bhd (FGVGE), a refinery joint venture company. This asset is carried at a NIL value by the Group as the project has stalled.
Therefore, the Company is focused on maximizing shareholder value through a positive return from:
- Undertaking an RTO with a suitable operating entity, and/or
- looking for new business opportunities.
The Company continues to constantly evaluate the opportunities and challenges presenting themselves in order to act in the best interest of stakeholders.
To view the full report, please visit:
Mission NewEnergy Limited T: +61-8-6313-3975 F: +61-8-6270-6339 E: firstname.lastname@example.org WWW: www.missionnewenergy.com
MMJ PhytoTech Limited (ASX:MMJ) (OTCMKTS:MMJJF) ("MMJ") confirms that it has divested 5 million of its 53.333 million shares held in Harvest One Cannabis Inc. (CVE:HVT) ("Harvest One") through an on-market sale. The intention to make this divestment was first announced by MMJ on 12 October 2018.
Including the proceeds of this divestment, MMJ's unaudited corporate cash balance is approximately AUD$5.6 million.
MMJ's CEO Jason Conroy commented that "After being fully-invested since the end of July, we can recommence participation in other exciting global cannabis sector investment opportunities."
MMJ now owns 48.333 million(see Note below) shares in Harvest One for an approximate 28% shareholding.
Note: On completion of the sale of PhytoTech Therapeutics, MMJ will be issued 8,160,161 Harvest One shares.
Investor and Media Enquiries: Jason Conroy Chief Executive Officer T: +61-2-8098-0819 E: email@example.com
Nanollose Limited (ASX:NC6) reminds shareholders that its 2018 Annual General Meeting will be held at 1:00pm WST on Monday, 29 October 2018 at its registered office located at:
Suite 5, Chelsea Professional Centre
145 Stirling Highway, Nedlands WA 6009
The Notice of Meeting was sent to all shareholders of the Company and lodged with ASX on Thursday, 27 September 2018.
For those shareholders who are unable to attend the AGM in person, we encourage you to vote on the resolutions via proxy, either by going online to http://www.abnnewswire.net/lnk/ZZFG3XH9
or by submitting your personalised proxy form by no later than 1:00pm WST on Saturday, 27 October 2018. If you require a replacement proxy form, please contact our office or alternatively, use the generic proxy form attached to this announcement.
The Company is also pleased to attach a copy of the presentation that Management intends to deliver at the AGM.
The Board wishes to take this opportunity to thank shareholders for their ongoing support.
To view the presentation, please visit:
Erlyn Dale Company Secretary Email: firstname.lastname@example.org Phone: +61-8-9389-3120
Donaco International Ltd (ASX:DNA) directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'consolidated entity' or 'group') consisting of Donaco International Limited (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.
To view the Annual Report, please visit:
Donaco International Ltd Ben Reichel Executive Director T: +61-412-060-281 WWW: www.donacointernational.com
Core Exploration Limited (ASX:CXO), in association with Vertical Events, would like to invite you to attend the Technology & Low Emission Minerals Conference on Wednesday 14 November 2018- Day 2.
As a valued shareholder, we are delighted to offer you a complimentary one-day entry to the Technology & Low Emissions Conference at the Westin Hotel, Perth. This invitation includes entry to the exhibition booth area, morning and afternoon teas, lunches and presentations throughout the day.
I will be presenting in the Main Auditorium at 2.40pm on Wednesday 14 November, so please come along for an update on Core's Finniss Lithium Project - one of the highest-grade undeveloped lithium deposits in Australia.
Also, throughout the day, executives from other resource companies and industry experts will be making presentations and/or showcasing their activities in a booth within the exhibition area.
You will find Core Exploration at Booth #33.
If you would like to accept this offer, it is essential that you RSVP to email@example.com by Friday 2 November, advising your name for registration and full contact details including an e-mail address.
Free Shareholder passes are for genuine investors and NOT from one of the following:
- Directors of any ASX listed resource/oil & gas companies
- Non-executive Directors of above companies
- Staff members of the above companies
- Employed in the resources industry (consultants/contractors/lawyers/accountants/bankers/suppliers etc)
For more information regarding the Technology & Low Emission Minerals Conference, including the full programme of speakers, visit http://www.verticalevents.com.au
I look forward to seeing you there!
For further information please contact: Stephen Biggins Managing Director Core Exploration Ltd T: +61-8-7324-2987 E: firstname.lastname@example.org