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Argent Minerals Limited (ASX:ARD) $269,000 Funds Received from Research and Development Claim

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Argent Minerals Limited (ASX:ARD) is pleased to report that $269,000 has been received in relation to the Company's research and development (R&D) claim for the financial year ending 30 June 2015.

Highlights:

- $269,000 cash payment received from the Federal Government R&D Tax Incentive Scheme

- Funds to be strategically applied to Argent's Kempfield and West Wyalong projects

The claim relates to a range of technical development activities associated with advancing the Kempfield Polymetallic Project.

Argent Minerals Managing Director David Busch said, "We appreciate the support of the Federal Government through the R&D Tax Incentive Scheme.

These funds will be applied strategically to support the Company's exploration programmes at the Kempfield and West Wyalong projects".

Together with the $771,921 raised through the oversubscribed Share Purchase Plan shortfall placement in October 2015, over $1 million cash has been added to Argent's reserves, before costs.

Argent has commenced a 7 hole 3,200 metre diamond drilling program at Kempfield, and is preparing to conduct additional geophysics survey work at the West Wyalong copper-gold target.

David Busch
Managing Director
M: +61 415 613 800
E: david.busch@argentminerals.com.au

Argent Minerals Limited
T: +61 2 9262 2211
E: admin@argentminerals.com.au
WWW: www.argentminerals.com.au

Raya Group Ltd (ASX:RYG) Receives Right to Acquire 100% of XPED Holdings

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Raya Group Ltd (ASX:RYG) is pleased to announce that it has received executed agreements from all minority shareholders of Xped Holdings Ltd (Xped). The agreements provide Raya with the right to acquire the remaining 4.4% of the issued capital in Xped.

As announced on 26th October 2015, Raya executed a binding Heads of Agreement (HOA) with the key shareholders of Xped to acquire all of the issued capital in Xped.

Raya now has the right to acquire 100% of Xped and under the terms of the HOA will make payable $50,000 to Xped having satisfied the conditions precedent in the agreement.

The Directors of the Company are of the view that the acquisition of Xped will create a significant opportunity for both Raya Group and Xped stakeholders, enabling Xped to become a major force in the lucrative "INTERNET OF THINGS" (IoT) market.

Raya Group Ltd
T: +61-3-9642-0655
F: +61-3-9642-5117
WWW: www.rayagroup.com.au

MMJ PhytoTech Ltd (ASX:MMJ) Duncan Facility Ready for Immediate Pre-License Inspection

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MMJ PhytoTech Limited (ASX:MMJ) is pleased to announce that through its subsidiary UG, it has received full occupancy at the state-of-the-art Duncan Facility located near Vancouver, British Columbia, Canada. UG was issued an Occupancy Permit as expected on 2 November 2015 after provincial and municipal review and approval. Being the last remaining approval needed, MMJ has officially notified Health Canada that Duncan is ready for Pre-Licensing Inspection and has requested a date for inspection as soon as possible.

Highlights

- MMJ PhytoTech's ("MMJ" or the "Company") wholly owned subsidiary United Greeneries ("UG") received full occupancy of Duncan Facility ("Duncan") on 2 November 2015

- Comprehensive response to Health Canada's ("HC") 1 April 2015 "Confirmation of Readiness" letter submitted by MMJ on 3 November 2015; Immediate date for Pre-Licensing Inspection has been requested

- PreLicensing Inspection final step to receiving a cultivation license from HC under the Marijuana for Medical Purposes Regulations ("MMPR")

- After completion of finishing, enhancement and optimization project, Duncan is a state-of-the-art potential MMPR facility

- Management is confident that all potential deficiencies identified by Health Canada and by the Company have been adequately addressed

- Additionally, several voluntary optimization improvements have been completed which are expected to dramatically improve work flow and capacity of Duncan

- Duncan to produce up to 1,000 kg of Medical Cannabis ("MC") per year at full capacity

Duncan Undergoes Big Changes since April 1 2015

- Letter to Health Canada was technically a response to the April 1 2015 "Confirmation of Readiness" letter

- April 1st letter directly and indirectly identified a small number of potential deficiencies which have now been rectified

- Further, several non-mandatory optimisations, aesthetic improvements and finishings have been completed with the aim of improving work flow and capacity

- Duncan is now a state-of-the-art potential MMPR facility capable of producing up to1,000 kg/year of MC

- Key structural modifications and installations:

* Dropping the ceiling in the vault;
* State-of-the-art surveillance system;
* New HVAC system;
* New Irrigation system; and
* Various enhancements to grow room.

Strategic Importance of MMPR License

- The Duncan MMPR license will provide MMJ with a secure and legal source of MC for processing into higher value compounds and potentially pharmaceuticals in line with MMJ's "Farm to Pharma" strategy

- MMPR license at Duncan could potentially expedite the rollout of domestic extraction infrastructure in Satipharm Canada

- In the interim the license could facilitate the importation and sale of CBD capsules from Europe which would give MMJ a significant first mover advantage in the newly formed and currently unserved extracts market

- The leading character and federal positioning of the Canadian MMPR will allow for knowledge and expertise transfer into new and emerging MC markets, including Australia

Andreas Gedeon
Managing Director
T: +1 (250) 713 6302
E: agedeon@mmj.ca

For media enquiries
Media & Capital Partners
Asher Moses, Director
T: +61 438 008 616

MMJ PhytoTech Ltd
T: +61 8 9389 3150
E: info@mmjphytotech.com.au
WWW: www.mmjphytotech.com.au

Yonder & Beyond Group Ltd (ASX:YNB) Company Update for Boppl, Gophr, MeU and Prism Digital

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Yonder & Beyond Group Ltd (ASX:YNB) ("YNB" or the "Company"), a portfolio of synergistic technology assets with a focus on mobile businesses is pleased to provide an update in relation to its operations.

Quarterly Review

+ Monetisation for Boppl, Gophr, MeU and Prism Digital

+ Growth of all products and portfolio companies and the launch of new products

+ Strong synergies being identified and created amongst portfolio companies

+ Good press coverage on portfolio companies' achievements

+ Portfolio companies engaging in significant partnership agreements

Yonder & Beyond Ltd (YNB) has released its Apppendix 4C for the three month period to 30 September 2015.

The period was one of significant activity across portfolio companies, with all entering (or advancing) defined monetisation strategies. Significant operational and/or financial milestones have been hit, thanks in part to the strong hands on operational, financial and technical support from parent Yonder and Beyond Ltd.

Portfolio Company Growth

With the launch of all products within the YNB portfolio, each of the companies are experiencing growth and aggressively targeting expansion within their target markets. YNB has been actively involved in accelerating this growth through securing clients and partnerships, enhancing product development and management of personnel.

Social and Community Commitment

A highlight of the period was the way in which portfolio companies embraced and enhanced its social and community commitment.

Gophr has become the first accredited courier company with the Living Wage Foundation, meaning it is going to pay its full-time couriers more than the London Living Wage. This makes Gophr the first accredited courier company in the UK by the Living Wage Foundation. The move was widely applauded by the London courier and cycling community.

Following Gophr's lead, fellow portfolio company Prism Digital has also become accredited with Living Wage Foundation.

MeU mobile is establishing a partner and community affiliate scheme that will, once finalised, build a platform to cross promote products and offerings to the whole partnership network and in time allow for members to seamlessly apply value created from being a member to donations to chosen charity groups.

Prism Digital coordinated and hosted a conference in London on WinOps technologies. The conference was a success with 95% attendance and has allowed Prism to expand its network with major technologies corporations and potential candidates.

Other portfolio companies are actively pursuing activities and initiatives to support their own social commitment, details of which will be provided in due course.

Cash Receipts

Since 30 September 2015 the group has received in excess of $800,000 in Research and Development credits from the HMRC, and is expecting a further $200,000 in tax credits to be processed over the coming weeks.

Press Coverage

Boppl, Gophr and Prism Digital received good press and marketing coverage over the period, recognising their growth and achievements. The highlights are below.

+ An article on the new Boppl White Label application in Brisbane venue, Miss Bliss Kitchen

+ A press release from IWGB on Gophr becoming the first Living Wage courier company

+ A video on social media on the new Boppl White Label application in Brisbane venue, Pineapple Express. The video has received over 15000 views

+ Blog posts and articles about the WinOps Conference hosted by Prism Digital

Outlook

YNB continues to make positive progress with its portfolio companies and the parent group operations. With its recent achievements, YNB is looking to enhance the monetisation of its portfolio companies and seek strong valuation increases. Over time YNB will, as part of its strategy, look to monetise its investments (full or partial sell down, IPO, etc) so as to create a return to shareholders and allow YNB to expand its portfolio holding.

To view the full review, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-YNB-740926.pdf

Yonder & Beyond Group Ltd
Shashi Fernando, CEO
T: +61 8 6141 3500
E: shashi@yonderbeyond.com
WWW: www.yonderbeyond.com

Thomson Resources Ltd (ASX:TMZ) Presentation at Beer & Co International Tin Conference

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Thomson Resources Ltd (ASX:TMZ) provide the Presentation at Beer & Co International Tin Conference.

To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TMZ-889586.pdf

Thomson Resources Ltd
T: +61-2-9906-6225
F: +61-2-9906-5233
E: info@thomsonresources.com.au
WWW: www.thomsonresources.com.au

Regeneus Ltd (ASX:RGS) Positive Clinical Results for CryoShot Equine

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Regeneus Ltd (ASX:RGS), a clinical-stage regenerative medicine company, announced today interim trial results showing that its allogeneic "off-the-shelf" stem cell therapy, CryoShot, has positive results on early orthopaedic developmental disease in Yearling Thoroughbreds and compares favourably against the use of conventional therapies like corticosteroids. The preliminary results were presented by leading equine surgeon and principal investigator, Chris O'Sullivan from Randwick Equine Centre (REC), at the recent American College of Veterinary Surgeons (ACVS) Conference in Tennessee. The trial is ongoing.

Joint lesions were identified and assessed under arthroscopic guidance (subchondral lucencies of the medial femoral condyle of the stifle joint). These joint lesions are an indicator of early orthopaedic developmental disease in Yearling Thoroughbreds and can lead to bone cysts. The smaller lesions with less loose cartilage were subsequently injected with CryoShot Equine alone (Group 1), whereas the larger lesions, also treated with CryoShot were stabilized surgically with PDS pins to prevent cartilage movement (Group 2). Nine out of the ten lesions (90%) in Group 1 improved with a large reduction in size of the lesion.

Seven out of eight lesions (88%) in Group 2 improved, with similarly large reductions in size of the lesion. One lesion in each group (~10%) progressed to bone cyst. This compares favourably with conventional therapy where only 55% improve, and up to 25% progress to bone cyst.

Up to 15% of Yearling Thoroughbreds develop abnormal subchondral lucencies in the stifle joint, with the current treatment of choice, an injection of corticosteroids under arthroscopic guidance. Although 2 in 3 improve with corticosteroids, 1 in 5 of these lucencies still progress to form a bone cyst which are a potential cause of future lameness and are associated with a reduced ability to start a race. This treatment could have a significant economic impact in the industry since horses that develop a bone cyst or having a significant lucency of the medial femoral condyle typically sell for only 30-40% of the estimated value.

Considering prices at major Yearling sales are in the range of $135k1, - $290k2 for the better sales there are clear economic benefits in reducing the number of horses presenting to sale with obvious radiographic pathology in this area.

"We're getting better at treating these conditions and the addition of CryoShot to our treatment of conditions of the medial femoral condyle in young growing horses appears to be offering a clear advantage," said Chris O'Sullivan. "This all equates to an improved treatment of these subchondral lucencies and subchondral bone cysts providing a healthier joint, and a horse that will not be discounted at the sale-yard."

"Many people are aware that stem cells have anti-inflammatory effects. However these results indicate that in orthopaedic developmental disease, early use of mesenchymal stem cells, even before clinical signs are evident, can have a positive effect upon healing and disease progression," said Duncan Thomson, Head of the Veterinary Business for Regeneus. "The horse is often touted as a good model for

About Randwick Equine Centre:

Randwick Equine Centre (REC) is a leading equine veterinary practice with a team of veterinarians who exclusively treat horses including specialists in the fields of surgery, medicine and anesthesia. REC's hospital uses state of the art equipment and has tested the latest therapies including cell based regenerative therapies.

Investors:
Sandra McIntosh
Company Secretary and Investor Relations
Regeneus Ltd
T: +61 2 9499 8010
E: investors@regeneus.com.au
W: www.regeneus.com.au

Chris O'Sullivan
Specialist Surgeon, Randwick Equine Centre
T: + 61 2 9399 7722
E: cosullivan@randwickequine.com.au
W: www.randwickequine.com.au

Tech23: 23 Companies Showing off Australia's Innovation Pipeline

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The 23 young, innovative technology companies who will be presenting at Tech23 2015 in Sydney on Tuesday 17th November, 2015, have been announced!

Spanning big data to medtech; artificial intelligence to renewable energy; many of the Tech23 in 2015 have the potential to change the way existing markets operate.

The seventh annual Tech23 2015 is a national celebration of Australian innovation, with founders hailing from across the country and boasting connections with Australia's leading R&D organisations. The 23 young tech companies will present for 5 minutes to 400+ potential customers, partners and investors. This year, Tech23 is continuing to encourage the collaborations required for innovation to happen.

"Everyone knows that Australia needs to improve the engagement between business and R&D to unleash our innovation pipeline. Tech23 is all about encouraging our informal networks - so collaboration can increase between industry, R&D organisations and startups." said Rachel Slattery, Director of SlatteryIT, manager of the annual event.

Attendees of Tech23 will be able to meet and chat to the people driving the entrepreneurial and commercialisation initiatives of our R&D organisations on 'Innovation Island" during the breaks and lunch. R&D organisations involved include: Australian National University, ATP Innovations, CSIRO, Curtin University, Data61, University of Melbourne, University of Technology, University of Sydney and the University of Wollongong.

Australian tech superstars Topaz Conway; Larry Marshall; Daniel Petre; Elaine Stead; David Spence and Adrian Turner are among the many Industry Leaders who will question and give advice to the 23 companies on the day.
The Tech23 for 2015 are:

abyss solutions
Autonomous inspections and data analytics
http://www.abysssolutions.com.au

Aipoly
Artificial Intelligence Navigation for the Blind
http://aipoly.com

Anonalytix
Privacy preserving analytics for unit-level data
http://www.anonalytix.com

Atomnaut
World's first 3D Atom Microscope
http://www.atomnaut.com

City Beach Software
Set your products free!
http://www.citybeachsoftware.com

Eleos Technologies
Delivering advanced enterprise knowledge management solutions
http://www.eleos.com.au

HIVERY
Data Has A Better Idea
http://www.hivery.co

Liquid Instruments
Test and measurement, reimagined
http://www.liquidinstruments.com

Locomote
The world's most powerful travel platform
http://www.locomote.com

Me3D Pty Ltd
Australian 3D-printers designed to educate
http://me3d.com.au

MOVUS
Fitbit for Industrial Machines
http://www.movus.com.au

Nano-X Pty Ltd
Lean Innovation Transforming Global Access to Radiotherapy
http://nano-x.com.au

One Atmosphere
Innovation, Safety, Performance: For Challenging Environments
http://www.oneatmosphere.com.au

Parent Paperwork
We replace paper forms in schools
http://www.parentpaperwork.com

Pathobin
A connected world of digital pathology
http://www.pathobin.com

Pooled Energy
Internet of Things for Swimming Pools
http://www.pooledenergy.com

Propeller Aerobotics
Drone Data Platform. Analytics, Big Data
http://www.propelleraero.com.au

Relectrify
Revolutionising energy storage via reused batteries
http://www.relectrify.com

Respiratory Innovations Pty Ltd
Empowering Patients to Improve Cancer Treatment
http://www.breathewell.co

RestAlert
Sleep Better. Drive Safer
http://restalert.com

SMG Technologies Pty Ltd
Spearheading data revolution in predictive analytics
http://smg-technologies.com

Sports Performance Tracking
Sports analytics package for amateur athletes
http://www.sptgps.com

SwitchDin
We simplify solar and batteries
http://switchd.in

Tech23 2015 is sponsored by:

CSIRO, Amazon Web Services, Data61, AGSM @ UNSW, Citrix, The Australian Department of Industry, ATP Innovations, Capital Markets CRC and vivant.

Adina Thavisin
SlatteryIT 
t +61 2 9280 3677
e adina@slatteryit.com.au 
w www.slatteryit.com.au

Invigor Group Ltd (ASX:IVO) Resignation of Managing Director, Board Changes

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Invigor Group Limited (ASX:IVO) (Company) wishes to advise that Mr. Gary Munitz has resigned as Managing Director and, consequently, as a Director of the Company.

Executive Chairman Gary Cohen, who has assumed the role of CEO, stated: "Gary has made a significant contribution to the Company over the past two years following the acquisition of his Global Group. In particular, he has been responsible for the development of the Insights solutions and Shopping Ninja. The Company has reached a stage where we need to focus on sales and marketing these products. Gary leaves with our goodwill and we thank him for his contributions and service to the Company."

Board Changes

1. Mr. Anthony Sherlock has been appointed to the Board of the Company as an additional non-executive director. Mr. Sherlock has extensive experience acting as a director for technology companies. Mr. Sherlock is considered to be an independent director; and

2. Mr. Paul Salter and Mr. Vic Lorusso have resigned as directors of the Company.

The Company welcomes Mr. Sherlock to the Board and would like to thank Messrs Salter and Lorusso for their service to the Company.

Gary Cohen
Executive Chairman
+61 2 8251 9600

MZI Resources Ltd (ASX:MZI) Keysbrook Achieves Saleable Product Milestone

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MZI Resources Ltd (ASX:MZI) is pleased to announce that it has produced its first batch of L88, L70 and Zircon Concentrate from the Doral Mineral Separation Plant ( MSP) at Picton.

Highlights:

- Production of saleable products achieved at Picton Mineral Separation Plant

- L88, L70 and zircon concentrate production achieved one month ahead of schedule

- Targeting full production in the December quarter

- First sales targeted for December 2015

Following the commencement of Heavy Mineral Concentrate (HMC) production at the Keysbrook mine site last week, first HMC has now been processed through the MSP at Picton on a trial basis to produce initial quantities of L88, L70 and Zircon Concentrate.

First production has been achieved one month ahead of the original project schedule and the project remains on budget. The Company now aims to achieve full production during the current quarter and is targeting first sales to customers by December 2015, ahead of the original early 2016 target date.

MZI Managing Director Trevor Matthews said "Achieving the milestone of first production heralds MZI's emergence as a producer of high quality mineral sands products. The Keysbrook Project continues to perform above expectations as we ramp up to full production and commence sales."

Commissioning activities are now well underway and ahead of schedule at both the Keysbrook Wet Concentrator Plant and Picton MSP.

The following page has images from the processing of Keysbrook HMC and final products.

To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-MZI-741409.pdf

Trevor Matthews 
Managing Director
T: +61 8 9328 9800 

Media Enquiries
Whitney Fitzsimmons
Market Eye - Director Media & Communications
T: +61 448 285 646

YPB Group Ltd (ASX:YPB) Signs New Deal for ePassport Technology

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Brand protection solution company YPB Group Limited (ASX:YPB) has been contracted to provide its proprietary VariSec technology to a significant Southern African country. The news comes after YPB was recently contracted by a major first world economy to supply the proprietary VariSec technology for application in 15 million ePassports.

This new order substantially increases YPB's penetration into the world of securing ePassports globally.

This technology was developed by YPB's recently acquired subsidiary Intellectual Product Protection (IPP) and receipt of the order is seen as a further validation of the purchase of this business.

The VariSec technology is a trade secret that is now owned by YPB and can be customised or individualised to suit different government's uses and specifications.

International Civil Aviation Organisation's (ICAO) Technical Advisory Group on machine-readable travel documents (MRTD) published an information paper in January 2013 on ePassports worldwide disclosing that:

- 101 states and economies issue ePassports;

- An estimated 489,522,100 ePassports have been issued worldwide;

- An estimated 483,929,100 ePassports are in circulation;

YPB CEO and Executive Chairman John Houston commented: "We are building momentum in government document security as evidenced by these orders in recent weeks. As previously stated this is an excellent opportunity for YPB to gain increased exposure to government agencies for our entire suite of anti-counterfeiting solutions. We are continuing to develop products that will assist governments and businesses and these recent deals for VariSec are a great advertisement for us that should lead to wider acceptance of our solutions."

YPB provides a comprehensive suite of solutions to PROTECT products, DETECT counterfeits and CONNECT consumers with the brand owners.

To view the release, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-YPB-890080.pdf

Mr. John Houston 
CEO 
YPB Group Limited
T: +61 458 701 088 
E: john.houston@ypbsystems.com 

Mr. Robert Whitton
CFO and Company Secretary
YPB Group Limited
T: +61 457 666 309
E: rob.whitton@ypbsystems.com
W: www.ypbsystems.com

REA Group Limited (ASX:REA) Q1 FY2016 Financial Information Released

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REA Group Limited (ASX:REA) (OTCMKTS:RPGRF) today released details of the year to date financial information which was reported by News Corp on 5 November 2015 (New York time). The News Corp report includes US GAAP financial information for REA Group and its subsidiaries for the first quarter ended 30 September 2015.

Group financial highlights for the quarter ending 30 September 2015 include revenue growth of 21% to $146m and EBITDA growth from core operations of 30% to $82m.

A summary table of the key financial information is presented below. This information is presented in Australian dollars and is prepared under AIFRS.

For three months ended 30 September (AUD$)
Millions             FY2016     FY2015     % change 

Revenue               146        121        21%
Operating expenses    (64)       (58)       10% 
Segment EBITDA from 
core operations        82         63        30% 
Free cash flow         49         24        103%

The strong first quarter result has been driven by the growth in our Australian top tier listing products. This, combined with higher listing volumes in the Australian market, delivered an improvement in the revenue growth rate this quarter.

The rate of growth in operating expenses has lowered reflecting the different timing of some expenses compared to the prior year.

On Monday we announced our intention to enter into a scheme arrangement to acquire iProperty Group Ltd (ASX:IPP). This is a significant step forward in our strategy to become a truly multinational Australian business. Since our initial investment in iProperty Group, the business has performed well. Its local management team has grown its network and delivered strong revenue growth. This puts iProperty in a great position to benefit from the growth in the Asian region.

In Australia, our flagship site realestate.com.au leads the market across all devices and has the most highly engaged property audience. Average monthly visits increased 33% to 42.7 million and consumers spent 257.3 million minutes a month on realestate.com.au's main and mobile site during the quarter, outperforming the average monthly time on site of the number two portal by 5.5 times.4
REA Group Chief Executive Officer Tracey Fellows commented:

"This has been a strong first quarter for REA. We've seen growth in the Australian listings markets and we've continued to provide new and exciting ways for people to be in charge of how and when they buy, sell, rent or invest in property.

"The notification you get on your Apple Watch when you walk past a property for sale, being able to search for suburbs based on lifestyle and affordability versus just location, or, most recently, the ability to look up any property in Australia and find out its estimated value - these are just some of the ways we're empowering people to make property simple, efficient and stress-free.

"Our international markets are going from strength to strength. In the US, realtor.com is now the number two site and the opportunity in Asia continues to grow as more and more people look online for property. The momentum in Europe around listings, audience and depth products has continued in the first quarter."

A full copy of News Corp's Form 10-Q to be filed with the U.S. Securities and Exchange Commission (SEC) will be lodged with the ASX when it becomes available. It is noted that the reported US Dollar figures in the News quarterly release may not agree to the Australian Dollar figures noted above, as the reported figures are presented in accordance with US GAAP by which News Corp must comply.

Natalie Cerny
Head of Corporate Affairs
M: +61 407 487 221
E: natalie.cerny@rea-group.com

Owen Wilson
Chief Financial Officer
P: +61 3 8456 4288
E: ir@rea-group.com

News Corp (New York) media inquiries: 
Mike Florin
SVP, Head of Investor Relations
P: + 212 416 3248
E: investor@newscorp.com

VIDEO PPR-TV:Blackham Resources Ltd (ASX:BLK) Updates Pre-Feasibility Study for Matilda Gold Project

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Blackham Resources Ltd (ASX:BLK) is pleased to provide an update on the results from the recent resource definition and Definitive Feasibility Study (DFS) drilling activities at its Galaxy gold deposit.

High-grade free milling intercepts include:

o 12m @ 4.57 g/t from 83m (GARC0065)

o 10m @ 4.52 g/t from 82m

Including 3m 10.0 g/t from 88m (GLDD0005)

o 2m @ 7.99 g/t from 10m &

5m @ 6.33 g/t from 18m (GLDD0006)

o 3m @ 4.29 g/t from 63m &

10m @ 2.54 g/t from 82m (GARC0067)

o 4m @ 7.93 g/t from 88m (GARC0066)

Galaxy is located 13km from Blackham's 100% owned Wiluna gold plant. The recently published Pre-Feasibility Study (PFS) confirms Galaxy's high grade resource from surface will be an attractive feed for re-commissioning the Wiluna gold plant.

Blackham has completed an RC drill program of 26 holes for 2,347m as part of the DFS phase of the project. Holes GARC0065, GARC0066, and GARC0067 returned outstanding oxide intercepts of 12m @ 4.57g/t, 4m @ 7.93g/t, and 10m @ 2.54g/t, respectively.

A small diamond program of 3 holes for 188.5m was also completed to provide further geological confidence and metallurgical samples. The program identified further high-grade mineralisation within the optimised pit shell. Holes GLDD0005 and GLDD0006 (10m @ 4.52g/t from 82m and 5m @ 6.33g/t from 18.5m) confirmed mineralisation continuity at depth, and along strike.

Galaxy is part of a system of high-grade quartz reef Au deposits extending northwest from the Wiluna mining centre; several high-priority prospects remain to be drill tested including Caledonian, Lake Way, and Black Swan.

The current RC drill program has identified higher grade mineralisation in holes GARC0059 to GARC0070 in the deeper north eastern portion of the optimised pit. However, holes GARC0045 to GARC0058 intersected low tenor mineralisation at the south eastern limits of the Galaxy, and have effectively closed off the deposit to the south east.

Previous drill programmes at Galaxy have confirmed the high grade shoots are stacked, flatter lying and have greater strike extensions than modelled in the current PFS resource block model. The latest results will lead to an update of the DFS resource block model, which is currently in progress.

Previously reported RC drilling results:

4m @ 19.6 g/t Au from 37m GARC0011
2m @ 28.9 g/t Au from 23m GARC0024
9m @ 13.4 g/t Au from 73m GARC0027
6m @ 8.82 g/t Au from 13m GARC0037
3m @ 6.77g/t Au from 117m GLDD0003
2.5m @ 12.84g/t Au from 80m GLDD0002
3.55m @ 6.39g/t Au from 35m GLDD0001

Blackham's Managing Director, Bryan Dixon commented: "Blackham's recent Pre-Feasibility Study confirmed the economics of the Galaxy deposit as a high grade shallow deposit suitable for open pit mining with good metallurgical recoveries. The latest drilling provides further confidence within the Galaxy pit and located further high grade mineralisation outside the PFS pit design.

The Galaxy and Golden Age deposits are two high grade, free milling quartz reefs in the immediate vicinity of the Wiluna gold plant that Blackham intends to mine early in the mine plan. These deposits are 13km's apart with numerous quartz reef prospects in between. Blackham is currently finalising plans for its maiden drill programme into the Caledonia pit."

To view the video, please visit:
http://www.abnnewswire.net/press/en/81442/blackham

Tony Dawe
Senior Counsel
T: +61 8 9388 0944
E: Tony.Dawe@ppr.com.au
www.ppr.com.au

Blackham Resources Limited
T: +61 8 9322 6418
F: +61 8 9322 6398
WWW: www.blackhamresources.com.au

McEwen Mining Inc. (NYSE:MUX) Q3 2015 Operating and Financial Results

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McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) is pleased to report record quarterly production of 43,390 gold equivalent ounces(1) and earnings from mining operations of $13.4 million(2)(4) for the three months ended Sept. 30th, 2015. The El Gallo Mine in Mexico was the star performer in the quarter, producing at total cash costs and all-in sustaining costs (AISC) per gold equivalent ounce of $454 and $570, respectively.

Net cash flow generated in the quarter was $8.5 million. At Sept. 30th, the Company had cash, cash equivalents and precious metals of approximately $36 million.

Operating & Financial Highlights

Production Costs

Consolidated total cash costs, all-in sustaining costs (AISC) and all-in costs per gold equivalent ounce sold in Q3 were $674, $914 and $1,008, respectively. At the El Gallo Mine total cash costs and AISC were $454 and $570 per gold equivalent ounce, respectively; and at the San José Mine total cash costs and AISC were $876 and $1,134 per gold equivalent ounce, respectively. The year-over-year decrease in total cash costs per gold equivalent ounce sold is due to a higher average gold grade processed at the El Gallo Mine.

Production

Gold equivalent production has increased year-over-year by 34%. Production in Q3 totaled 43,390 gold equivalent ounces, which includes 23,832 gold equivalent ounces attributable to us from our 49% interest in the San José Mine, and 19,558 gold equivalent ounces from our El Gallo Mine.

Earnings from Operations

Earnings from mining operations for Q3 was $13.4 million or $0.04 per share, compared to a loss of $0.8 million or nil per share for Q3 2014, as a result of increased production at the El Gallo Mine.

Cash Flow

Net cash flow generated was $8.5 million or $0.03 per share for Q3, compared to net cash flow generated of $2.5 million or $0.01 per share in Q3 2014. The key driver was increased sales of gold and silver of $22.5 million from the El Gallo Mine.

Net Income

Consolidated net income was $2.6 million or $0.01 per share for Q3, compared to a net loss of $13.0 million or $0.04 per share for Q3 2014.

Adjusted Net Income

Adjusted net income for Q3, which removes the impact of impairment of mineral properties, foreign exchange fluctuations and income tax recoveries, was $0.3 million or nil per share. This compares to an adjusted net loss of $8.3 million or $0.03 per share in Q3 2014.

Ounces Sold

Q3 sales totaled 41,829 gold equivalent ounces, which includes 21,789 gold equivalent ounces attributable to us from our 49% interest in the San José Mine, and 20,040 gold equivalent ounces from the El Gallo Mine.

Average Realized Prices

The average realized prices of gold and silver sold during Q3 were $1,106 and $14.05 per ounce, respectively.

Production and Cost Guidance

We increased our 2015 production guidance during the quarter to 108,500 gold ounces and 3.12 million silver ounces, or 150,000 gold equivalent ounces, at total cash costs and AISC of $725 and $1,125 per gold equivalent ounce, respectively.

Treasury

We ended Q3 with $36.2 million in cash, cash equivalents, and precious metals; and a $5.2 million outstanding debt against our Mexican IVA (VAT tax) receivable, which is drawn in Mexican Pesos. This short term debt will be retired in due course as we receive our IVA refunds during the year.

Distribution

We paid the first semi-annual return of capital distribution of ½¢ per share on August 17th, 2015, for an aggregate total of $1.5 million.

Stock Repurchase Program

We intend to commence a share repurchase program, under which we may purchase up to a maximum of 15 million shares of our common stock beginning in the days following this news release and ending one year later. Purchases of common stock may be made from time to time in the open market, in compliance with applicable U.S. and Canadian laws. The timing and amounts of any purchase will be based on market conditions and other factors including share price, regulatory requirements and capital availability.

El Gallo Mine, Mexico (100%)

The El Gallo Mine continued to perform very well in Q3, producing 19,558 gold equivalent ounces, compared to 6,814 gold equivalent ounces in Q3 2014. Total cash costs and AISC in Q3 were $454 and $570 per gold equivalent ounce, respectively. Production guidance for 2015 was revised higher in the quarter to 62,200 gold equivalent ounces. For the nine months ended Sept. 30th, 2015 we produced 52,274 gold equivalent ounces at total cash costs and AISC of $429 and $578 per equivalent ounce, respectively.

Our budget for sustaining capital and capital expenditures for 2015 is $3.2 million, including an estimated $1.4 million to be spent on the expansion of our leach pads, and $1.3 million for other operational improvement projects. For the three and nine months ended Sept. 30th, 2015 we spent $0.6 million and $1.0 million on capital expenditures, respectively.

The 2015 exploration budget for Mexico is $4.7 million. In the nine months ended Sept. 30th, 2015 approximately $3.7 million was spent on exploration.

San José Mine, Argentina (49%)

Production at San José in the quarter was 23,832 gold equivalent ounces, compared to 21,304 gold equivalent ounces in Q3 2014. Total cash costs in Q3 was $876 per gold equivalent ounce, this compares to $873 per gold equivalent ounce in Q3 2014. Costs have remained level during the past year despite difficult economic conditions in Argentina, which is a result of prudent management by our partner Hochschild Mining plc.

The San José Mine remains on target to produce 46,500 ounces of gold and 3.1 million ounces of silver in 2015. This equates to 87,800 gold equivalent ounces at total cash costs and AISC of $825 and $1,225 per gold equivalent ounce, respectively.

Gold Bar Development Project, Nevada, U.S. (100%)

Positive results of a new Feasibility Study for the Gold Bar Project were released on Oct. 21, 2015. Key outcomes include: Initial capital cost of $60 million; internal rate of return of 20% at $1,150/oz gold price; average annual gold production of 65,000 oz; estimated average cash costs of $728 per ounce gold. The complete report will be published in early December and will be available on the Company's website.

We continue to advance the permitting process for construction and production at Gold Bar. Formal notice from the Bureau of Land Management states our Record of Decision (ROD) for the Gold Bar Environmental Impact Statement (EIS) is expected in January, 2017. The Company expects that all other applicable State and local permits will also be acquired within this timeframe. Once the ROD and permits are received, the Company can begin mine construction, which is expected to take approximately 10-12 months to complete.

El Gallo 2 Development Project, Mexico (100%)

Work to update the development plans for El Gallo 2 is ongoing. We expect to release a new economic study during Q2 2016. For the three and nine months ended Sept. 30th, 2015, expenditures on the El Gallo 2 project totaled $0.1 millions and $0.4 million respectively.

Los Azules Project, Argentina (100%)

For 2015, we have budgeted $0.7 million for Los Azules. We continue to advance the project with baseline environmental studies and optimization studies. For the three and nine months ended Sept. 30th, 2015, expenditures on the Los Azules project totaled $0.1 million and $0.4 million respectively.

Q3 2015 Conference Call Details
McEwen Mining will be hosting a conference call to discuss the Q3 2015 results
and project developments on:
Friday, Nov 6th, 2015 11:00 am ET

WEBCAST:
http://www.gowebcasting.com/lobby/7092

TELEPHONE:
Participant Dial-in numbers:
(877) 291-4570 (North America) /
(647) 788-4922 (International)
Conference ID: 75196305

REPLAY:
Dial-in numbers:
(800) 585-8367 (North America) /
(416) 621-4642 (International)
Conference ID: 75196305
06/11/2015 14:00 ET - 13/11/2015 23:59 ET

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

Mihaela Iancu
Investor Relations
(647) 258-0395 ext 320
info@mcewenmining.com
  
Christina McCarthy
Director of Corporate Development
(647) 258-0395 ext 390
cd@mcewenmining.com
Website: mcewenmining.com
Facebook: facebook.com/mcewenrob   
Twitter: twitter.com/mcewenmining

Orocobre Limited (ASX:ORE) Chairmans Address to the AGM

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Address by Mr James D Calaway Chairman, Orocobre Limited:

During the past twelve months we have achieved our fundamental goal of becoming a lithium carbonate producer, joining the ranks of only a handful of established lithium companies. By the end of 2014 the Company had materially finalised the construction of the Olaroz Lithium Facility and by the end of January 2015 all circuits had been commissioned. Since then, our focus has been on achieving our operating cost breakeven point of 650 tonnes in December on the way to achieving the nameplate production run rate. At the same time we have continued to develop robust relationships with a global network of customers.

The project has experienced a number of challenges in ramping up, but we believe we now have a clear pathway to achieving our nameplate production run rate. As I stated in the Annual Report, in our opinion, given the reality of supply and demand, there has never been a better time to enter the lithium market. The effect of supply tightening and demand growing, has created an ideal market environment for Orocobre with customers becoming less price sensitive and placing increased value on securing long-term supply.

Our Borax Argentina Company began the financial year with the relocation of their borax chemical plant from Campo Quijano to Tincalayu. Unfortunately, tough conditions in our main market, Brazil, and a slower than expected ramp-up at the relocated Tincalayu plant has had a negative effect on Borax Argentina's financial results during the year. Our market diversification strategy has mitigated some of the impact. After the success of the Tincalayu resource upgrade, we will continue with our plans to bring the remainder of the Borax Argentina deposits into JORC compliance, with an aim to grow the business in the most suitable and cost-effective manner possible. The longer term outlook for borates is very positive with very few borate deposits globally and a growth profile strongly linked to urbanisation and world GDP growth.

Orocobre remains committed to upholding a strong culture of corporate responsibility in the way we conduct business and how we progress our operations. We were very proud to be presented in September 2014 with Mining Argentina's annual award for "Outstanding CSR Mining Company". Additionally, in November 2014 the Orocobre group of companies was once again awarded "Mining Company of the Year" by Argentina mining magazine Panorama Minero and the Fundacion para el Desarrollo de la Mineria Argentina. Orocobre understands the importance of creating a sustainable future for our Company and for the communities in which we operate. The mutually beneficial relationships which we have formed with local stakeholders, communities and workers has been one of the major contributing factors behind the success we have achieved at our Olaroz Lithium Facility.

As we move through the final ramp up phase of what has been a journey of some significance, it is an appropriate time to reflect on where we are right now. The Olaroz Lithium Facility is the first brine based lithium operation constructed in approximately 20 years.

This is occurring at a time when the lithium market is coming alive with accelerating demand driven largely by growth in lithium ion battery production. Given the supply side of the lithium market will remain tight for the near term, we are not only witnessing a rare market dynamic, but potentially something disruptive and revolutionary in the evolution of the energy market and how energy is produced, stored and used. The historical growth in portable devices has been impressive and recently the growth of electric vehicles has accelerated significantly with the major automotive manufacturers now producing or planning to produce electric vehicles in the near term. In addition to all of this, and possibly the most significant sector for the battery market moving forward is the energy storage sector at both residential and commercial levels. These are exciting times and we are in the right place at the right time. We believe the future looks extremely bright for both lithium and borates.

I would like to sincerely thank our shareholders for their continued support and ongoing engagement and in particular the support provided by our shareholders during capital raising, who without, we would not be where we are today. We are looking forward to 2016 being a very rewarding year for the Company and for shareholders.

My Best Regards,
James D. Calaway
Chairman

David Hall 
Business Development Manager
T: +61 7 3871 3985
M: +61 407 845 052 
E: dhall@orocobre.com 

James Calaway
 Chairman
Orocobre Limited Orocobre Limited
M: +1 (713) 818 1457
E: jcalaway@orocobre.com

National Storage REIT (ASX:NSR) NSR AGM Address

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Please find following the address by National Storage REIT's (ASX:NSR) Chairman Mr Laurence Brindle and the review by the Managing Director Mr Andrew Catsoulis, to be presented at today's Annual General Meeting commencing at 10am Brisbane time.

The Managing Director will today confirm the settlement of a previously announced acquisition, National Storage Hamilton, which brings the total number of centres under ownership, operation or management to 92, and the total number of centres in New Zealand to six.

To view the full address, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-NSR-890137.pdf

National Storage REIT
T: +61 7 3218 8100
E: invest@nationalstorage.com.au
WWW: www.nationalstorage.com.au

iProperty Group Ltd (ASX:IPP) 15 Developers Honoured at the Oscars of the Property Industry

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Dubbed the Oscars of the property industry, the iProperty.com People's Choice Awards, now in its second year, recently honoured the crème da la crème in the property industry.

The glittering night of awards, hosted by iProperty.com Malaysia, the country's No.1 property website, brought together industry leaders for a night of fun and celebrations.

Officiating the event, iProperty Group's (ASX:IPP) Managing Director & Chief Executive Officer, Georg Chmiel, said that iProperty.com Malaysia was proud to have a platform to duly acknowledge industry leaders that have played such a significant impact in the lives of property buyers via their distinguished and impressive developments.

"We are excited to be hosting this event for the second consecutive year. The iProperty.com People's Choice Awards carries a recognition that does not only symbolize success but also enthusiasm, commitment and sheer hard work. Tonight, we honour developers for their relentless pursuit in going above and beyond to develop developments that that are remarkably outstanding," shared Chmiel.

He added that this year, there were five additional categories added bringing the total awards to 15.

"We received more than 100 submissions this year and the panel of judges had no easy task in narrowing it down to 84 finalists. After which, the decision on who was crowned the winner in each category were in the hands Malaysians. This year, more than, 20,000 Malaysians voted and tonight we honour the best, as chosen by the people themselves," said Chmiel.

The panel of judges comprised of Chan Seong Aun, Pertubuhan Akitek Malaysia (PAM) President 2014-2015, Owen Tan, Director, Professional Sales Akzo Nobel Paints Malaysia (Dulux), Chris Tan Chur Pim, Chur Associates, Founder & Managing Director, David Chong, Vice President (I) Investment Promotions of Malaysia Property Incorporated, Ahyat Ushak, Founder, The Strategic Property Investor Model & Program, and Chmiel.

"I think everyone here would agree that the developments by these amazing developers are world class. The quality of the entries received spoke volumes and Malaysians had the tough challenge in choosing the best among the best. I would like to congratulate all the winners and finalists for pioneering new frontiers, pushing boundaries and for putting Malaysia on the world map. We look forward to hosting the next iProperty.com People's Choice Awards next year" shared Chmiel.

The winners in the 15 categories that captured the hearts of Malaysians were:

1. Developer of the Year - Mah Sing Group Berhad
2. Best Emerging Developer - Hatten Group Sdn Bhd
3. Best High Rise Development - Residensi Sefina by UEM Sunrise Sdn Bhd
4. Best Luxury High Rise Development - The Astaka @1 Bukit Senyum by Astaka Padu Sdn Bhd
5. Best Landed Development - Sierra 6 by IOI Properties Group Berhad
6. Best Luxury Landed Development - Hometree by BCB Berhad
7. Best Value Development - Nadayu28 Bandar Sunway by Nadayu Properties Berhad
8. Best Integrated Development - Harbour City by Hatten Group Sdn Bhd
9. Most Iconic Development - D'Twist by DK Group
10. Best Waterfront Development - R&F Princess Cove by R&F Properties
11. Best Southern Development - TriTower Residence @ Johor Bahru Sentral by MB Group
12. Best Northern Development - Upper East @ Tiger Lane, Ipoh by Andaman Property Management Sdn Bhd
13. Best Township of the Year - Sunway Iskandar by Sunway Iskandar Sdn Bhd
14. Best Commercial Development - IOI City Mall by IOI Properties Group Berhad
15. Best International Development - The Bay by TEHO Development (Cambodia) Pte Ltd

In addition to the 15 awards, there was a special recognition bestowed upon LK Property Group for their prestigious development Capitol Grand in Australia.

"We had overwhelming response especially on the international front that we decided to have an additional category introduced. This award is chosen by the iProperty Group and it honours a developer with an outstanding presence in the Asia Pacific region. The LK Group has phenomenal presence and as Melbourne's leading property developer, we are thrilled to award them with the title of Best Luxury Development, Asia Pacific," shared Chmiel.

He added that this category will be officially added in the awards category but the winner will be chosen by the team at iProperty Group. This will be the beginning of the iProperty Group bestowing an international recognition to overseas developers.

The iProperty.com People's Choice Awards was also sponsored by Dulux, Infra Design Digital, Bosch, USG Boral, Kimgress, Lafarge, Astro, Carlist and Live Life Drive. The entire process, from the shortlisting of nominees to counting of votes, was scrutinized by Panell Kerr Foster (PKF) Malaysia.

iProperty Group Ltd
T: +60 3 2264 6888
WWW: www.iproperty-group.com

Pacifico Minerals Ltd (ASX:PMY) Drilling Halted at Coppermine Creek & DHEM to Commence

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Pacifico Minerals Ltd (ASX:PMY) report that diamond drilling of drill hole CCD04, positioned to intersect an airborne electromagnetic ("AEM") conductivity high, has ceased due to total mechanical failure of the drill rig at a depth of 464m. The hole was planned to reach a depth of 600m, to intersect the highest conductivity of the AEM anomaly, which was considered to be possibly caused by a significant body of copper mineralisation.

The hole up to 464m intersected some zones of minor copper mineralisation and terminated in silicified Lower Mallapunyah Formation sediments, which contain dolomite and dolomitic siltstone horizons that may be conducive hosts for copper mineralisation.

Between 382m and 400m downhole depth a carbonaceous siltstone with disseminated pyrite was intersected which could be the cause of the AEM anomaly.

A down-hole electromagnetic ("DHEM") survey will be undertaken on CCD04 with a 400m surface loop capable of detecting conductive zones surrounding the drill hole.

In addition a ground electromagnetic ("EM") test survey will be used to establish if the mineralisation intersected in previous drilling, containing zones of semi massive chalcopyrite (diamond hole CCD03) extends south of the Gordons Fault.

A follow up hole will be targeted using the interpreted DHEM results, ground EM results, and the geological understanding of the stratigraphy and mineralisation generated from CCD04.

Pacifico Minerals Limited ("Pacifico" or "Company") (ASX:PMY) has recently completed expenditure of $1.5 million at the Borroloola West Project, thereby earning the right to acquire a 51% interest from Sandfire Resources NL (ASX:SFR). Under the terms of the farm-in agreement Pacifico may elect to continue sole funding exploration into the second earn-in period with the objective of earning a 70% interest through expenditure of a further $2.5 million over 2 years. Pacifico is subsequently able to earn up to an 80% interest in the Borroloola West Project.

Simon Noon (Managing Director)
Phone: +61 (0)8 6266 8642
Email: info@pacificominerals.com.au

Invigor Group Ltd (ASX:IVO) Shopping Ninja iOS App Launch

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Leading big data solutions company Invigor Group Limited (ASX:IVO) ("Invigor") has successfully launched its iOS app for Shopping Ninja. Free to consumers from the App Store, it will combine with the Android app to give Shopping Ninja the ability to communicate with consumers wherever they are and on whatever device they choose.

Highlights:

- Shopping Ninja adds iOS app to suite of products available to consumers

- Provides consumers another avenue to Shopping Ninja's product offerings, accessing the most competitive price on a range of goods

- Growth in Shopping Ninja users continues - more than 11,000 downloads

- Major retailers continue to join as affiliates including Dan Murphy's and Appliances Online

Shopping Ninja provides consumers with real time price comparisons across more than 100,000 products from all the major retailers and brands, including TVs, cameras, computers, fridges and freezers, washing machines, vacuum cleaners, dishwashers, mobile phones and tablets as well as wine, beer, spirits, whisky and champagne.

Growth in users of Shopping Ninja has been exponential with downloads of the browser extension or app reaching more than 11,000 and visitors to the website of more than 70,000 after its full launch in May this year. Numerous retailers continue to sign as affiliates of the product and therefore pay a commission to Invigor for sales via Shopping Ninja.

Invigor's CEO, Mr Gary Cohen said: "We are focused on building a product suite that specifically meets the demands of our users and how they interact with our brand. Mobile is a major growth area and it was important to develop Shopping Ninja across these platforms to ensure further customer acquisition and satisfaction, therefore leading to continued growth for the business."

Gary Cohen
Executive Chairman & CEO
T: +61 2 8251 9600

Matthew Wright
NWR Communications
T: +61 451 896 420
matt@nwrcommunications.com.au

Thomson Resources Ltd (ASX:TMZ) Share Purchase Plan

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Thomson Resources Ltd (ASX:TMZ) (the "Company" or "Thomson") refers to the share placement announced on 3 November 2015 at an issue price of 5.0 cents per share which raised $95,000 ("Placement").

The Company is pleased to announce that it proposes to undertake a share purchase plan ("SPP") which will provide existing eligible shareholders on Thomson's' register at 7pm (Sydney time) on 6 November 2015 with registered addresses in Australia and New Zealand with the opportunity to apply for up to A$15,000 worth of Thomson ordinary shares at the same price as the Placement being 5.0 cents per share, without incurring brokerage or other transaction costs.

Full details of the SPP will be sent to eligible shareholders shortly.

The purpose of the Placement and SPP is to raise funds to progress drilling at the Company's Bygoo tin project where outstanding drill results including 35m at 2.1% Sn, 10m at 2.0% Sn and 13m at 1.0% Sn have been returned from shallow depths in recent drilling (detailed in Thomson's quarterly report for September 2015). The new drilling will be targeted to establish the true width of these mineralised greisens and to extend the footprint of the mineralised zone. In addition it is proposed to test the Smith's workings which occur 400m south of Thomson's drilling at Bygoo North.

To view the timetable and other information, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TMZ-890432.pdf

Thomson Resources Ltd
T: +61 2 9906 6225
E: info@thomsonresources.com.au
WWW: www.thomsonresources.com.au

Rum Jungle Resources Ltd (ASX:RUM) Karinga Lakes Drilling Program Nov 2015

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Rum Jungle Resources (ASX:RUM) has commenced an evaluation drilling program on a limited area within the Karinga Lakes project area. As previously flagged in the recent September 2015 Quarterly Activities Report, RUM intends to complete a series of up to 12 holes to test the depth extension of the brine aquifers and to better understand the nature of the hydrogeology, brine chemistry at depth and ground water recharge potential of the system. This evaluation drilling program may enable an increase in the in-situ brine resource.

The existing JORC 2012 Measured, Indicated and Inferred in-situ Brine Resource of 8.4Mt of K2SO4 (as announced to the ASX on 20 February 2014 and has not changed since) is at an average aquifer thickness of 17 metres. Previous drilling was limited to a maximum depth of 40 metres, with most holes significantly less than this. The current program intends to test the likely brine continuation below these depths on a select subset of the lakes.

As indicated in recent investor presentations, RUMs intent is to progress the development of a small scale, low capital, limited environmental footprint Sulphate of Potash (SOP) operation targeting approximately 40,000 tonnes per annum, with a capital target of less than A$80m and operating costs of less than A$300 per tonne. Key target markets include southern and northern Australian horticultural markets and SE Asia. The current SOP market in Australia is approximately 50,000 tonnes per annum which is met by imports from Europe.

RUM is currently assessing study manager options to commence a preliminary feasibility study on the Karinga Lakes small scale start-up with the intention to leverage the knowledge garnered from the Karinga Scoping Study that was completed in December 2014.

Rum Jungle Resources Ltd
T: +61 8 8942 0385
E: info@rumjungleresources.com.au
WWW: www.rumjungleresources.com.au
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