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Kingston Resources Limited (ASX:KSN) hits 4m at 76.25g/t Gold at Livingstone

November 4, 2018, 6:31 pm
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Kingston Resources Limited ('Kingston' 'the Company') (ASX:KSN) is pleased to report more outstanding assays from drilling at the 75%-owned Livingstone Gold Project, WA.

Highlights

- Latest assay results from Livingstone drilling add both scale and grade

- Best intercepts include:

o 4m @ 76.25 g/t Au from 88m in KLAC206

o 28m @ 2.26 g/t Au from surface,

o including 8m @ 5.57g/t from surface in KLAC198

- Mineralisation extends over 1km and remains open along strike and at depth

- Next phase of RC Drilling planned in Q1 2019 to define further mineralisation

Assays results for the 4m composite samples have been received from the final 36 holes for the Kingsley prospect (Figure 1/Table 1 in link below). Highlights include:

- 4m @ 76.25 g/t Au from 88m in KLAC206

- 4m @ 3.49 g/t Au from 4m & 24m @ 1.06g/t Au from 24m in KLAC184

- 28m @ 2.26 g/t Au from surface,

o including 8m @ 5.57 g/t from surface in KLAC198

- 16m @ 1.95 g/t Au from 56m,

o including 4m @ 5.72 g/t from 56m in KLAC186

- 16m @ 1.59 g/t Au from 16m,

o including 4m @ 3.42 g/t Au from 16m in KLAC189

- 16m @ 1.41 g/t Au from 24m,

o including 4m @ 3.03 g/t Au in KLAC199

Drilling at the Kingsley prospect has now defined mineralisation over 1km of strike with final assay results confirming a number of sub-parallel mineralised lodes striking west-northwest and dipping steeply to the south. The mineralisation remains open along strike, to the north and at depth. The approvals process has begun for the next round of RC drilling program and is being planned at Kingsley in the first quarter of 2019.

Kingston Resources Limited Managing Director, Andrew Corbett said: "With each stage of work completed at Livingstone, the project continues to improve in both scale and grade. What is particularly encouraging is we are getting broad sections of mineralisation from surface, and at relatively shallow depths. To be assaying 4m at 76.25 g/t gold at 88 metres is one of just many positive highlights. In the first quarter of 2019, we will kick off an extensive RC drill program at Livingstone and that will target predominantly Kingsley. Our exploration activities in Western Australia are complementing the multi-faceted exploration program that is ongoing at the flagship 2.8 Moz Misima Gold project^ in Papua New Guinea."

To view tables and figures, please visit:
http://abnnewswire.net/lnk/372S0WQ3 

Kingston Resources Limited
T: +61-2-8021-7492
E: info@kingstonresources.com.au
WWW: www.kingstonresources.com.au
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Cobalt Blue Holdings Limited (ASX:COB) Thackaringa Joint Venture Update

November 5, 2018, 2:21 pm
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Cobalt Blue Holdings Limited (ASX:COB) (OTCMKTS:CBHHF) refers to the announcement by its joint venture partner Broken Hill Prospecting Limited (ASX:BPL) dated 30 October 2018 acknowledging receipt by BPL of a notice from COB "advising of COB's election to not exercise its rights to earn the Stage 3 Percentage Share under the TJV" and the announcement dated 2 November 2018 referring to material presented to it by COB "for consideration to (sic) the Thackaringa Joint Venture (TJV)".

On 24 October 2018 the Secretary of the TJV Management Committee (TJVMC) gave 15 days written notice to the COB and BPL representatives on the TJVMC and provided to them a full meeting pack disclosing the nature of the business to be considered at the meeting convened for Friday 9 November 2018. The business to be considered at this meeting includes resolutions consequent upon COB's decision not to proceed to earn the Stage 3 Percentage Share under the TJV.

When the drilling program now being undertaken at Thackaringa (see COB market release 1 November 2018) was unanimously approved by the TJVMC on 28 August 2018, the resolution included the words "COB and BPL acknowledge and agree that the Drilling Campaign will be amended as required as the program progresses and develops".

Clause 7.5(c) of the TJV Agreement mandates that the Joint Venturer holding the largest Joint Venture Interest must act as Interim Manager until a new Manager is appointed. As the 70% Joint Venture Interest holder, COB will continue to perform the duties of Manager for the TJV and to supervise the Joint Venture activities and Drilling Campaign currently being undertaken at Thackaringa. 

Joe Kaderavek
Chief Executive Officer
Cobalt Blue Holdings Limited
Ph: +61-2-8287-0660
Website: www.cobaltblueholdings.com
Email: info@cobaltblueholdings.com
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Core Exploration Ltd (ASX:CXO) Over 50% Increase in BP33 Lithium Resource to Boost DFS

November 5, 2018, 3:36 pm
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Emerging Northern Territory lithium developer, Core Exploration Ltd (ASX:CXO) (FRA:7CX) ("Core" or "the Company"), is pleased to announce a substantial Mineral Resource upgrade for its BP33 Lithium Deposit at the Finniss Lithium Project in the Northern Territory ("Finniss Project").

HIGHLIGHTS

- High grade BP33 Lithium Resource upgraded by 51% to 2.15Mt with a coincident grade increase to 1.5% Li2O

- BP33 Lithium Resource is now classified as Indicated and Inferred

- Size and average grade of Finniss Project Lithium Mineral Resource has also increased and now stands at 5Mt at 1.5% Li2O

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

- Maiden Resource estimate for Sandras expected to add further to Project Mineral Resources later this month

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

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

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

- Considerable scope remains to further increase the Mineral Resource given the many additional lithium-rich pegmatites identified within Core's large >500km2 of tenure at Finniss

Commenting on the results, Core's Managing Director, Stephen Biggins, commented "The excellent results from BP33 confirm our expectations that the Finniss Lithium Project will have extremely robust economics. We look forward to publishing the DFS in late November."


The Mineral Resource tonnes have grown by 51% in size at BP33 to 2.15Mt and the already high grade has increased to 1.5% Li2O. The resource confidence classification has also improved to Indicated and Inferred (Table 1) - previously only Inferred Mineral Resource announced.

The increase in the size, grade and confidence of the estimate of the BP33 Resource, together with the recently announced 42% increase in resources at the Grants Lithium Deposit (ASX 22/10/2018), enhances the potential for the Finniss Project to deliver robust returns, which is expected to be confirmed by the Definitive Feasibility Study (DFS).

The BP33 Lithium Mineral Resource estimate currently comprises 2.15Mt @ 1.5% Li2O (Table 1) and is one of the highest-grade spodumene resources in Australia.

The global Mineral Resource for the Finniss Project is now 5.0Mt @ 1.5% (Table 1) and is expected to grow further in coming weeks when a new Mineral Resource estimate is announced at Sandras.

Additional drilling at BP33, targeting both an increase in resource confidence and size is planned for the near future.

Definitive Feasibility Study

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

Core is targeting commencement of mining and construction mid-2019 and first production of high-quality spodumene concentrate in late 2019, subject to financing and regulatory approvals.

The DFS is expected to dramatically build on the strong financial outcomes highlighted in the Pre-Feasibility Study (PFS) (ASX 25/06/18). The DFS is factoring in substantially expanded Mineral Resources and longer mine life, optimised recoveries and increased grade of product as well as committed offtake and customer prepayment finance.

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

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

Core has established offtake and prepayment and is also in the process of negotiating and finalising further agreements with some of Asia's largest lithium producers that, at a high level, cover the Project's modest capex requirements and potentially fully finance the Company into production in 2019.

BP33 and Finniss Project Lithium Resource

The results of the Mineral Resource estimate are provided in Table 1 and Figures 1-3. The Mineral Resources are reported at a high cut-off of 0.75% Li2O.

Mineral Resource Estimate for the Finniss Lithium Project

November 2018 - 0.75% Li2O cut-off 

Resource Category Tonnes Li2O % Contained Li2O (t) 

Grants Measured   1,090,000   1.5  16,100  
Grants Indicated    820,000   1.5  12,600 
Grants Inferred     980,000   1.4  14,000
BP33 Indicated      630,000   1.4   9,000 
BP33 Inferred     1,520,000   1.6  24,000 

Total             5,040,000   1.5  75,700

Table 1. Updated Mineral Resource Estimate for BP33 and the Finniss Lithium Project. Grants Resource from 22 October 2018 is unchanged.

The BP33 orebody averages 25m and is over 200m long and characterised by consistent, high-grade spodumene mineralisation from one wall to the other. These characteristics and scale of orebody enable a simple open pit operation producing consistent high grade with low dilution utilising the efficiencies of bulk mining equipment.

The BP33 Mineral Resource report notes that fresh pegmatite at BP33 is composed of coarse spodumene, quartz, albite, microcline and muscovite. Spodumene, a lithium bearing pyroxene (LiAl(SiO3)2), is the predominant lithium-bearing phase and displays a diagnostic red-pink UV fluorescence. The pegmatite is not strongly zoned, apart from a thin (1-2m) quartz-mica-albite wall facies. Overall, the lithium content throughout the pegmatite is notably consistent.

BP33 has a relatively flat grade-tonnage curve at the 1.5% Li2O "sweetspot" for spodumene production (Figure 5). A high 0.75% Li2O cut-off grade results in little reduction in the contained tonnes, demonstrating the consistent high-grade nature of the Mineral Resource.

Summary of Mineral Resource Estimate and Reporting Criteria

Dr Graeme McDonald (BSc PhD MAusIMM) was contracted by Core to undertake the Mineral Resource Estimate for the BP33 Lithium Deposit. As part of the preparation of the Resource Estimate, Dr McDonald developed a geological interpretation based on cross sections, generated a 3D geological interpretation from interpreted cross sections, created domain interpretations for lithium, developed a block model of the deposit, undertook a geostatistical analysis of the data and estimated lithium grades.

Geology and geological interpretation

The BP33 Lithium Deposit is hosted within a rare element pegmatite that is a member of the Bynoe pegmatite field. The Bynoe Pegmatite Field is situated 15km south of Darwin and extends for up to 70km in length and 15 km in width. Over 100 pegmatites are known within clustered groups or as single bodies. Individual pegmatites vary in size from a few metres wide and tens of metres long up to larger bodies tens of metres wide and hundreds of metres long.

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

Fresh pegmatite at BP33 is composed of coarse spodumene, quartz, albite, microcline and muscovite (in decreasing order of abundance). Spodumene, a lithium bearing pyroxene (LiAl(SiO3)2), is the predominant lithium bearing phase and displays a diagnostic red-pink UV fluorescence. The pegmatite is not strongly zoned, apart from a thin (1-2m) quartz-mica-albite wall facies and some barren internal quartz veins.

Drilling techniques and hole spacing

The BP33 drill hole database used for the MRE contains a total of 42 holes for 7,279.8m of drilling. Comprising 33 RC holes and 9 DD holes.

The majority of holes have been drilled at angles of between 55 - 60deg and approximately perpendicular to the strike of the pegmatite.

Geological and assay data for all drill holes was used in the geological interpretation and MRE. The only exception being the assay data for 1 recently completed diamond hole (FDD008) had not been received prior to the MRE being undertaken.

Sampling and sub-sampling

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

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

Sample analysis method

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

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

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

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

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

Standards, blanks and duplicates have all been applied in the QAQC methodology. Sufficient accuracy and precision have been established for the type of mineralisation encountered and is appropriate for QAQC in the Resource Estimation.

Cut-off grades

The current Mineral Resource Inventory for the BP33 Deposit has been reported at a cut-off grade of 0.75% Li2O which based on current modelling for the nearby Grants Deposit, approximates the current break-even operating cost estimate for an open pit development. No top cuts were applied.

Estimation methodology

Geology and mineralisation wireframes were generated in Micromine software using drill hole data supplied by Core. Resource data was flagged with unique lithology and mineralisation domain codes as defined by the wireframes and composited to 1m lengths.

Grade continuity analysis was undertaken in Micromine software for Li2O for the mineralised domain and models were generated in all three directions. Parameters were used in the block model estimation. A block model with a parent block size of 5x10x10m with sub-blocks of 1.25 x 2.5 x 2.5m has been used to adequately represent the mineralised volume, with sub blocks estimated at the parent block scale.

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

Classification criteria

The resource classification has been applied to the Mineral Resource Estimate based on the drilling data spacing, grade and geological continuity, and data integrity. Portions of the model that have drill spacing of better than 25m by 30m, and where the confidence in the estimation is considered high have been classified as Indicated Mineral Resources. Areas that have drill spacing of greater than 25m by 30m, and/or with lower levels of confidence in the estimation or potential impact of modifying factors have been classified as Inferred Mineral Resources. The classification reflects the view of the Competent Person.

Mining and Metallurgy

It has been assumed that the traditional open cut mining method of drill, blast, load and haul will be used. No other mining assumptions have been made.

No metallurgical recoveries have been applied to the Mineral Resource Estimate.

Eventual Economic Extraction

It is the view of the Competent Person that at the time of estimation there are no known issues that could materially impact on the eventual extraction of the Mineral Resource.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/2668D4G1 

For further information please contact: 

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

For Media and Broker queries: 

Andrew Rowell
Director - Investor Relations
Cannings Purple
M: +61-400-466-226
E: arowell@canningspurple.com.au
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Altech Chemicals Ltd (ASX:ATC) HPA Plant Site Layout and Building Design Finalised

November 5, 2018, 5:04 pm
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Altech Chemicals Limited (Altech/the Company) (ASX:ATC) (FRA:A3Y) is pleased to announce that it has now finalised and "locked" the site layout and building design for its proposed Malaysian high purity alumina (HPA) plant. The final layout and design incorporates results from the recently completed site geotechnical survey and feedback from pre-construction consultation meetings between SMS group GmbH (appointed EPC contractor), local authorities, and Malaysian permitting consultant WKL & Associates. The final design is the basis for the submission of a development order application and the commencement of stage 1 construction.

Highlights

- HPA plant site layout and buildings design finalised

- Incorporates results from geotechnical ground survey

- Construction development order application

- Stage 1 construction to commence

The final site layout (see Figure 1) comprises three (3) production buildings:

- Building 1: Kaolin Beneficiation

- Building 2: Leach & Neutralisation

- Building 3: HPA Production & HCL Recycle Plant

There are four (4) ancillary buildings:

- Administration and Process

- Workshop and Stores

- Guardhouse and First Aid

- Electrical Substation

Detailed HPA Plant Layout Information

All processing equipment will be installed in one of the three production buildings. The HPA production buildings have been laid out on the 4Ha site in Johor, Malaysia to closely reflect the order of the kaolin to HPA chemical process illustrated in the in the Company's process flow sheet. The HPA manufacturing process will commence with kaolin beneficiation; then filtration and meta-kaolin conversion in Building 1; kaolin leach, leach residue and waste water neutralisation circuits in Building 2; followed by crystallisation, roasting, calcination and HPA finishing in Building 3. Building 3 includes a segregated structure within which the hydrochloric acid (HCI) recovery and recycling plant will be located.

The Administration and Process building will be the central location for plant operational management and administration. The building is separated into halves, an administration wing and a process wing. The administration wing will accommodate HPA site general management, process engineering, finance and administrative staff. Included in the administration wing is a conference room, training rooms, meeting rooms and lunchroom facilities.

The process wing will be the location for the site's central control room, from where the operation of the entire HPA plant will be monitored and managed. In addition, the process wing will accommodate the site's laboratory; process control and programming engineers; operator change rooms; and will also have separate lunchroom facilities.

The Workshop and Stores building will be the location for the storage of all minor equipment and spare parts; the conduct of valving and instrument maintenance and for all fabrication activities. A dedicated stores area has been allowed for to accommodate the delivery, receipt and storage of spare parts, consumables and reagents.

The building also includes office space for site maintenance and purchasing teams.

A Gatehouse and First Aid building will be the single point of entry to the HPA site. The building will include a guardhouse that will be manned 24 hours a day and site access beyond the gatehouse will be only via a cardentry turnstile. A visitor waiting room, meeting room and lunchroom are included in the building, as is a dedicated first aid room and ambulance parking bay.

Altech managing director Mr Iggy Tan said "the HPA plant site layout and building designs are of the highest calibre. Naturally, the designs are to international standard and of a quality expected from our appointed German EPC contractor SMS group. The next step of project development is application for a development order from local authorities. We are currently waiting for a land sub-title number (PTD number) to be issued for the ~4HA site, so that the development order can be submitted. Once the development order is issued, the staged mobilisation of various sub-contractors, most of which are Johor based, will commence." Mr Tan concluded.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/G34R4983 

Corporate
Iggy Tan
Managing Director
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com 

Shane Volk
Company Secretary
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

Investor Relations (Europe)
Kai Hoffmann
Soar Financial Partners
Tel: +49-69-175-548320
Email: hoffmann@soarfinancial.com
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Goldfund.io Upcoming ICO Lists on Multiple ICO Boards

November 5, 2018, 9:04 pm
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Goldfund.io announces that pre-sale to the Initial Coin Offering will end on the 30th November and is pleased to advise that information regarding the ICO launch is now being published on major cryptocurrency listing sites.

CryptoTotem

https://cryptototem.com/goldfund-gfun-ico/

The Tokener

https://thetokener.com/ico/goldfund-ico

ICO Champs

https://www.icochamps.com/ico/GOLDFUNDICO

Coin Hills

https://www.coinhills.com/ico/view/goldfund/


The ICO launch date is December 1, 2018. Participants can pre-register and obtain discount coins at:
https://www.goldfund.io/airdrop

News alerts are published regularly on the Telegram.org app at:
https://web.telegram.org/#/im?p=g262174603


W: www.goldfund.io
T: +61-2-8205-7340
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Intermin Resources Limited (ASX:IRC) Intermin Divests Interest in Lehmans JV for $2.5m Cash

November 6, 2018, 3:22 pm
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Intermin Resources Limited (ASX:IRC) (FRA:I6R) ("Intermin" or "the Company") wishes to advise it has reached agreement with Saracen Mineral Holdings (ASX:SAR) ("Saracen") to divest Intermin's interest in the Lehmans Gold Joint Venture.

The divestment package comprises 14 tenements to the north of Saracen's Thunderbox operation near Leinster in the northern goldfields of Western Australia (Figure 1 in link below) and includes the Otto Bore deposit, located 9km from the Thunderbox mill.

Intermin, through its 100% owned subsidiary Black Mountain Gold Pty Ltd, held a 10% interest in the tenements and were free carried to a decision to mine. The Company also owned an exploration license to the east of the joint venture tenements on a 100% basis.

The parties have now agreed to terminate the joint venture and Intermin has agreed to divest its 100% interest in the exploration license to Saracen on the following terms:

- Payment to Intermin of A$250,000 in cash on execution (received)

- Payment to Intermin of A$2.25 million in cash on completion

- A 2.5% Net Smelter Royalty that is payable by Saracen once Saracen has produced 42,000 ounces of gold from the transaction tenements, and ending once Saracen has produced 100,000 ounces from the transaction tenements

- Intermin to provide any required mining information to Saracen on the purchased tenement

- Intermin and Saracen to be released from any rights and obligations under the joint venture agreement
Commenting on the divestment, Managing Director Mr Jon Price said:

"Holding a minority interest in a project in the northern goldfields just didn't make sense for Intermin and would be a distraction from the Company's core focus of building a gold business in the Kalgoorlie region. This will enable Saracen to explore and develop the projects unencumbered and further strengthen Intermin's financial position as it continues with its gold exploration and mine development growth plans."
To view tables and figures, please visit:
http://abnnewswire.net/lnk/JTRE4082 

Jon Price 
Managing Director
Tel: +61-8-9386-9534
E: jon.price@intermin.com.au

Michael Vaughan
Media Relations - Fivemark Partners
Tel: +61-422-602-720
E: michael.vaughan@fivemark.com.au
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New Energy Minerals Ltd (ASX:NXE) Strategic Investor, Equity Placement & JV Partner for Caula

November 6, 2018, 3:32 pm
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New Energy Minerals Limited ("NXE", the "Company") (ASX:NXE) (FRA:GGY) (OTCMKTS:MTTGF) is pleased to announce that it has entered into a binding agreement ("Agreement"), with a Hong Kong-based investor group, in relation to a strategic equity placement and asset level investment and incorporated joint venture in respect of the Caula Vanadium-Graphite project.

Highlights

- Agreement with a strategic investor group led by Mr. Louis Ching, a highly influential Hong Kong-based businessman with extensive business interests in China and South Korea

- $1.5 million placement in NXE, in two tranches at 6.5 cents (A$0.065) per fully paid ordinary share totalling approximately 23 million shares

- $3.5 million project level investment and incorporated joint venture through subscription for new fully paid ordinary shares in Balama Resources Pty Ltd (presently a wholly owned subsidiary of NXE and which holds 80% of the Caula Vanadium-Graphite project) to acquire 50% of its post-issue shares

- Settlement of Tranche 1 of the placement by NXE consisting of 17.4 million shares (~$1.1 million) on/before Tuesday 6 November 2018 under the Company's existing ASX Listing Rule 7.1 placing capacity

The detailed terms of the Agreement are set out in Appendix 1 to this announcement.

The Agreement was entered into with UBezTT International Investment Holdings (BVI) Ltd, the private investment vehicle of Mr. Louis Ching (the "Investor"). Mr.Ching has extensive experience in commodity trading and business development in the People's Republic of China ("PRC") as well as several other countries in both Asia and Africa. Mr. Ching is the largest shareholder, Chairman and Managing Director of PT International Development Corporation Ltd ("PT International"), a Hong Kong-listed company (HKG:0372).

PT International is a diversified investment holding company with interests in a registered Hong Kong-regulated asset manager, oil port and storage facilities in the PRC, and is engaged in trading of commodities including copper cathodes and nickel briquettes and investment in other high growth investment projects. Mr. Ching is also a director and Deputy President of STX Corporation a South Korean-listed company (KRX:011810) with principal activities engaging in the trading of non-ferrous metals including zinc, nickel and stainless steel, as well as the provision of shipping and logistics services on a global basis.

Dr. Bernard Olivier, Managing Director of New Energy Minerals commented: "This Agreement is an important step forward for NXE in fast-tracking the world-class Caula Vanadium-Graphite project towards development. Mr. Ching's access to both debt and equity capital throughout Asia, coupled with his extensive experience in commodity trading, will significantly assist in financing the Caula Project, but also in securing offtake agreements in the short term once the project is in production. The Company welcomes Mr. Ching as a strategic investor in New Energy Minerals and looks forward to working with him to move the Caula project into early cashflow."

Mr.Louis Ching director and controlling shareholder of UBezTT International Investment Holdings commented: "We are very excited to make this strategic investment in New Energy Minerals and the Caula Vanadium-Graphite project. We were attracted to this investment by what we believe is a unique opportunity to achieve near-term production of vanadium and graphite, as well as by the quality and experience of the NXE Board and Management team. We look forward to working closely with the Board to bring our extensive commodity trading experience and networks in Asia to this project."

To view tables and figures, please visit:
http://abnnewswire.net/lnk/H90MV1QU 

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

Jane Morgan Management
Jane Morgan
Media & Investor Relations
E: jm@janemorganmanagement.com.au
T: +61-405-555-618
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State Gas Limited (ASX:GAS) REID'S DOME 2018 DRILLING PROGRAM OVERVIEW

November 6, 2018, 3:36 pm
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State Gas Limited (ASX:GAS) is pleased to present the REID'S DOME 2018 Drilling program overview:

ACTIVITY IS IMMINENT

Drilling to commence by 10 November, subject to weather

POTENTIAL NEW CSG PROVINCE

- The PL 231 area has been overlooked and never explored for CSG before

GOOD EVIDENCE FOR SUCCESS

- Conventional gas and coal seams in historical wells in Reid's Dome since 1955

THREE CHANCES OF SUCCESS FROM TWO WELLS IN LATE 2018

- Primero West-1: Shallow conventional gas target identified in seismic data

- Nyanda-4: CSG target identified from 1987 drilling results

- Nyanda-4: Known conventional gas targets within the Reid's Dome Beds

NOT LONG TO WAIT FOR RESULTS

- Drilling expected be completed by mid-December 2018, subject to weather

- Indicative results of drilling will be released to ASX

- Further testing will take three-four months for detailed analysis

EAST COAST GAS MARKET NEEDS THE GAS

- Wood Mackenzie says a "triple whammy" of high oil prices, tight LNG market conditions and a strong US dollar will put upward pressure on gas prices

- East coast gas market tightening further with the announcement of a freeze on Arrow's $400 million Tipton project expansion

- Wood Mackenzie notes that Asian LNG prices are trending towards a "netback" price in Australia of about $15 a gigajoule

To view the presentation, please visit:
http://abnnewswire.net/lnk/R9P0RP26 

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

Greg Baynton
Executive Director
M: +61-414-970-566
E: greg@stategas.com
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Collaborate Corporation Ltd (ASX:CL8) Appointment of Paul Morris as Strategic Advisor

November 6, 2018, 3:52 pm
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Collaborate Corporation Limited (ASX:CL8) (Collaborate or the Company) is pleased to announce that it has today appointed respected automotive industry veteran Paul Morris as Strategic Advisor to the Board.

Mr Morris has had a long and distinguished career in the automotive industry in Australia and Europe working in a number of senior strategy, operational and sales roles with leading companies. Most recently Mr Morris was chief operating officer of the ASX-listed Automotive Holdings Group Limited, Australia's largest automotive retailer with 183 franchised dealerships representing 27 automotive manufacturers. His role included responsibility for mergers and acquisitions, mobility evolution, digital transformation and operational excellence.

Previously Mr Morris was director of operations for Inchcape UK, covering eight countries, 16 brands and employing over 5,000 people. AS CEO of Inchcape Russia, Mr Morris was responsible for creating a high performance organisation with revenues of over US$1 billion.

Mr Morris was also the managing director from 2005 - 2011 of Autonexus Australia, the entity that has facilitated rental pick ups and returns for DriveMyCar's Subaru and Peugeot collaborations.

Mr Morris joins Collaborate as a Strategic Advisor as its DriveMyCar business unit accelerates its efforts to engage with automotive dealers and manufacturers to help them navigate the ongoing shift in consumer preferences and mobility needs which are increasingly moving online and favouring access to mobility solutions in preference to traditional vehicle ownership.

Chris Noone, Collaborate CEO commented "We are very pleased to welcome Paul Morris to Collaborate as we embrace and leverage some of the biggest changes in the automotive industry in the last 100 years."

Paul Morris commented "I am very excited to join Collaborate to assist with executing its vision for the future of vehicle access and usage. It is clear to me that Collaborate is ahead of the curve in its thinking around the future of mobility and due to the strong foundations and platform developed over many years it is very well placed to be a key component in how manufacturers and dealers work with consumers into the future."

Also today, John Tolmie, the former CEO of Kennards Hire, will step down from his role as Strategic Advisor to the Board. The Board wishes to thank Mr Tolmie for his guidance and support provided to Collaborate since October 2016. 

Collaborate Corporation Limited
Tel: +61-2-8889-3641
E: shareholder@collaboratecorp.com 
W: www.collaboratecorp.com
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Lake Resources NL (ASX:LKE) Expansion of Leases as Kachi Brine Project Continues to Grow

November 6, 2018, 4:06 pm
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Argentine-focused lithium exploration and project development company Lake Resources NL (ASX:LKE) (FRA:LK1) is pleased to release new information regarding an expanded and consolidated package of mining leases covering the large maiden exploration target on Lake's 100% owned Kachi Lithium Brine Project (See Figure 1 in link below).

- New leases expand Lake's 100% owned Kachi Lithium Project to 69,000 Ha, an increase of over 25%, consolidating ownership in 36 mining leases. Lake now holds over 200,000 hectares of lithium leases in Argentina.

- Recent drilling on platform K08 confirms +300 mg/L lithium values are present in the south and are likely to continue beneath cover based on geophysical results.

- Maiden exploration target shows potential for 8 to 17 million tonnes lithium carbonate equivalent (LCE) over enlarged area of 20 km x 15km with brines from surface to 400+ metres depth. The awaited initial resource estimate will only cover a small portion of the exploration target.

- Kachi is the lowest point of a large drainage area covering 6800 square kilometres (2500 square miles) larger than most basins where lithium brine is being extracted. The lithium bearing brines at Kachi are hosted in high porosity, permeable sandy sediments.

- Lake has partnered with Lilac Solutions to advance a rapid, low cost method for direct extraction of lithium from Kachi brines. The process aims to enhance the grade, reduce the lead time to production, lower operating costs and significantly increase recoveries.

Lake is releasing an exploration target over the Kachi project, as the company wishes to provide information regarding the project, while deferring the maiden resource estimate to allow incorporation of additional drilling over what is an expanding area likely to host lithium-bearing brine. In recognition of the expanding footprint of the project, further mining leases have been applied for, increasing holdings by more than 25% to 36 mining leases covering 69,000 hectares (170,000 acres) from 54,000 Ha to extend and consolidate the 100% lease holding over the southern part of the salt lake at Kachi. Lake now holds over 200,000 hectares of lithium leases in Argentina, one of the largest listed lithium lease holdings.

The maiden exploration target released over the Kachi Project, which was only drilled for the first time a year ago, shows potential for 8.0 to 17 million tonnes of lithium carbonate equivalent (LCE) over an equivalent area of 20 kilometres x 15 kilometres, based on containing brines from near surface to 400 metre depths within approximately 13 cubic kilometres of brine (13,000 gigalitres). Table 3 provides the details of the geological exploration potential, with details of the exploration target provided below. The anticipated initial resource statement will cover a small portion of this total exploration target, centred on the western part of the basin.

An exploration target is not a mineral resource. The potential quantity and grade of the exploration target is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource in the volume where the Exploration Target is outlined. It is uncertain if further exploration drilling will result in the determination of a Mineral Resource in this volume, although an initial resource statement is in the process of being prepared. The exploration target is, based on the available geological evidence, where there is the possibility of defining a mineral resource. Importantly the exploration target is not to be considered a resource or reserve. The exploration target is based on a series of assumptions and future drilling is required to determine the brine grade and formation drainable porosity values to establish whether a resource can be defined.

Lake drilling at Kachi has returned positive lithium values in the southwest of the project, where the passive seismic geophysics suggests the basin is the deepest. Further interpretation of the seismic lines suggests the basin continues to the south, significantly extending the exploration target to the south under cover where further positive results are anticipated from future drilling.

Kachi is the lowest point (around 3000 m altitude) of a large drainage area of approximately 6800 square kilometres (2500 square miles), larger than most basins producing lithium brine. The basin drains the lithium bearing volcanic rocks of Cerro Galan, which is interpreted to provide the lithium for the FMC Lithium (Livent) production at Hombre Muerto, together with hot springs. The lithium bearing brines at Kachi are hosted in high porosity, permeable sandy sediments.

Lake has partnered with Lilac Solutions to advance a rapid, low cost method for direct extraction of lithium from Kachi brines. The process aims to enhance the grade, reduce the lead time to production, lower operating costs and significantly increase recoveries.

Managing Director Steve Promnitz said: "The massive potential of this lithium brine is impressive. To use the analogy of the contained fluid in Sydney Harbour, this is equivalent to twenty five times that volume. The anticipated resource statement will only cover a small portion of this total potential."

To view tables and figures, please visit:
http://abnnewswire.net/lnk/3EMB39J9 

Steve Promnitz
Managing Director
Lake Resources N.L.
T: +61-2-9188-7864
E: steve@lakeresources.com.au
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PlayChip Closes $25m Presale in Bumper 2018 Showing

November 6, 2018, 10:23 pm
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Popular Australian token sale PlayChip has closed its presale in preparation of its week-long token sale towards the end of this month.

Midnight EST on November 1st heralded the end of the presale, which attracted over 5000 purchasers from 100 different countries of the utility token over its course. Throughout the presale the token continued to remain atop in the "Casinos and Gambling" section on ICO Bench, a popular ICO Reviews and Ratings site.

PlayChip Foundation Ltd, the operators of the token, announced that over US$25 million had been committed. This would constitute the highest raise of any gaming ICO in 2018, a considerable achievement given the underperforming crypto market of 2018.

In their Q3 2018 Quarterly Report, cryptocurrency analysis website CoinGecko noted that the "the ICO market has softened significantly" with only $1.59 billion raised in Q3 2018 compared to $7.73 billion in Q2 2018.

Perhaps most notably, of the 388 completed ICOs less than 10% have gone on to be listed on cryptocurrency exchanges. This failure to offer a platform for investors to trade their tokens could be a factor in why investment in the market is diminishing, while PlayChip announced listing partnerships with both HitBTC and LATOKEN before the close of the presale.

Another telling statistic in CoinGecko's report was this quarter's spread of ICO funding. Not only has funding decreased, but become more condensed amongst the highest ICO-producing nations. The PlayChip presale attracted support from 100 countries despite 94% of Q3 ICO investment coming from the top 10 countries.

The close of the presale capped off a massive month for PlayChip and its partners, including the launch of Australian wagering platform BestBet, a wagering partner of media heavyweights News Corp, as well as signing Conor McGregor's boxing coach Owen Roddy as brand ambassador.

The conducting of a successful token sale while continuing to run a successful business is something CEO Daniel Simic said he took much pride in.

"We are pleased with our success throughout the presale. It's not an easy thing to run eight gaming and wagering platforms while conducting a token sale - but the numbers speak for themselves," he said.

"Our eyes are now firmly on the token sale at the end of the month. We are working tremendously hard to make this the Universal Gaming Token."

PlayChip and its partners enjoy a large user base of over one million, along with 2.7 million social media followers, particularly across Australia and India. The token sale will commence on November 21st, the opening day of the cricket series between the two countries.

The PlayChip token sale will commence on midnight November 21st EST and last for one week. For more information visit www.playchip.global.

About PlayChip

PlayChip is the Universal Gaming Token for sports betting, gaming, fantasy sports, and eSports, at the centre of an incentivised, blockchain-enabled sports community and gaming ecosystem. The PlayChip Ecosystem consists of seven independent partner platforms with more than a million users across over 70 countries. The PlayChip ecosystem is designed to be secure, scalable, simple to use, and fun, as well as include features to incorporate provable fairness into PlayChip transactions and the partnered gaming platforms, making it the gaming token of choice around the globe.

For more information, please visit:
https://www.playchip.global/

or read the PlayChip Whitepaper:
https://www.playchip.global/wp-content/uploads/2018/08/PlayChip-Technical-Whitepaper.pdf 

Liam Kirby
PlayChip Content Manager
Liam.kirby@playup.com
T: +61478742910
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Thomson Resources Ltd (ASX:TMZ) Applies For Zinc Project

November 7, 2018, 2:55 pm
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Thomson Resources Ltd (ASX:TMZ) is pleased to announce that its exploration licence application (ELA 5737) over a significant zinc exploration project near Lake Cargelligo in central NSW has been accepted by the Department of Planning and Environment (Resources and Geoscience).

- EL application over a zinc project in NSW

- Contains the Browns Reef Deposit

- Mineralisation is Cobar Style Zn - Pb - Cu - Ag - Au

The ELA was for recently relinquished "open ground" covering the Browns Reef mineral deposit and is adjacent to three ELs already held by Thomson Resources in the area.

Browns Reef Mineralisation

ELA 5737 is located on the eastern margin of the Rast Trough, which is at the southern end of the Cobar Basin, host to many metalliferous deposits and operating mines. The host rocks are Devonian age sandstones and siltstones separated from older Ordovician 'basement' by an unconformity and the Woorara Fault. The base metal mineralisation of Browns Reef is in close proximity to the Woorara Fault along a distance of over 10km.

This mineralisation consists mainly of pyrite, with lesser sphalerite, galena and chalcopyrite and traces of arsenopyrite, covellite and bornite. It is tabular in shape and steeply dipping.

The Browns Reef deposit has been explored by several companies including the Electrolytic Zinc Company (1977-81), Shell Minerals (1976-78), Comet Resources (2006- 2014) and Kidman Resources (2014-2018). Over 800 drill holes are recorded (60 air core drill holes, 738 rotary air blast drill holes, 22 reverse circulation drill holes and 52 diamond core drill holes), covering 11km along the length of the Woorara Fault.

Browns Reef Exploration Target

In 2015 Kidman Resources (ASX:KDR), release of 20 January 2015, published an Exploration Target for the Browns Reef deposit consisting of 27 to 37 million tonnes grading 1.3-1.4% Zn, 0.6-0.7% Pb, 9-10g/t Ag and 0.2-0.3% Cu. Note that the potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource. The estimate is based on over 70 RC and diamond drill holes and was carried out by Mr. Llyle Sawyer of Geos Mining. Thomson is not aware of any new information or data that materially affects the information included in the quoted market announcement and confirms that the form and context in which the Competent Person's findings are presented have not been materially modified.

The most recent hole drilled, BRD013 (Figure 1), 650m north of the Main Deposit, highlights the potential for high grade zones within the overall mineralisation with 8.4m at 4.7% Zn, 1.9% Pb, 0.4% Cu, 18.7 g/t Ag and 0.5 g/t Au from 299.8m depth within an overall width of 20m at 2.2% Zn, 0.9% Pb, 0.2% Cu, 9 g/t Ag and 0.3 g/t Au.

Thomson Resources intends to carry out deep-looking, high precision geophysical testing over the strike length of the mineralisation to search for higher grade lenses.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/22FR9D45 

Thomson Resources Ltd
T: +61-2-9906-6225
E: info@thomsonresources.com.au
WWW: www.thomsonresources.com.au
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Kingston Resources Limited (ASX:KSN) Hits 40m at 3.17 g/t Gold at Misima

November 7, 2018, 3:43 pm
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Kingston Resources Limited ('Kingston' 'the Company') (ASX:KSN) is pleased to report an outstanding assay result from drilling at the 70%-owned Misima Gold Project, PNG.

Highlights

- Misima drill hole GDD013 hits 40m @ 3.17 g/t Au and 10.88 g/t Ag

- GDD013 potentially extends the thick, high grade Central Umuna zone by ~250m

Diamond drilling continues within the Central Umuna zone targeting resource extensions to the current 2.8Moz1 gold resource.

Hole GDD013 (see Figure 1/Table 1 in link below), was drilled approximately 100m below the historic pit floor. Significantly, as the hole is located ~250m north of the thick, high grade Central Umuna zone, it has potentially extended this important section of the existing resource.

Assays results from GDD013 include:

- 40m @ 3.17 g/t Au and 10.88 g/t Ag, from 234m,

o including 6m @ 14.06 g/t and 13.33 Ag, from 268m

- 6m @ 1.44 g/t Au and 1.98 g/t Ag, from 55m

- 5m @ 0.95 g/t Au and 2.22 g/t Ag, from 138m

Kingston Resources Limited Managing Director, Andrew Corbett said: "Drilling is now demonstrating likely extensions to the Central Umuna ore zone which is very encouraging. This section of the resource has attractive grade and width at only moderate depth. In addition, intersecting potential ore zones in the hanging wall above the Umuna fault zone is beneficial as this material would likely be mined to access the main zone. We are also pleased to see an improvement in drilling performance from our contractor."

To view tables and figures, please visit:
http://abnnewswire.net/lnk/31X1T4ZW 

Kingston Resources Limited
T: +61-2-8021-7492
E: info@kingstonresources.com.au
WWW: www.kingstonresources.com.au
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MMJ PhytoTech Ltd (ASX:MMJ) MediPharm Labs Production Milestone

November 7, 2018, 4:26 pm
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MMJ Group Holdings Limited (ASX:MMJ) (FRA:2P9) (OTCMKTS:MMJJF) ("MMJ") is pleased to attach a copy of a news release by MediPharm Labs Inc ("MediPharm Labs") (CVE:LABS) confirming achievement of the significant milestone of the purification and production of 150,000 grams of cannabis extract.

MMJ owns 5.2 million shares and 2.9 million warrants (exercisable at CAD$1.20 per share by October 2020) in MediPharm Labs.

To view the MediPharm release, please visit:
http://abnnewswire.net/lnk/5301K048 

Investor and Media Enquiries:
Jason Conroy
Chief Executive Officer
T: +61-2-8098-0819
E: info@mmjgh.com.au
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Core Exploration Ltd (ASX:CXO) 2018 AGM Chairman's Address

November 7, 2018, 4:33 pm
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Core Exploration Ltd (ASX:CXO) continued exploration of our Finniss Lithium Project during 2017/18, including the lodging of an application for a Mining Lease at Grants in October 2017. We have been actively engaging with the NT Government and communities in which we operate and at this stage, hope to have the mining lease granted early 2019 with the expectation of commencing mining operations in mid-2019. The grant of the mining lease and associated government approvals will be the last step in the transition from lithium explorer to lithium producer.

In 2016 we reset our strategy with the clear objective of discovering and developing a lithium project in the Northern Territory. In a short period of time we have discovered and made significant progress towards the development of the Finniss Lithium Project near Darwin.

As noted in our Annual Report, we have been actively drilling at Finnis Project for just over 2 years and since the date of the Annual Report we have increased the size of the Grants Lithium Mineral Resource by 42% to 4.3Mt @ 1.4% Li2O (ASX announcement 22/10/18) and increased the size of the BP33 Mineral Resource by 51% to 2.15Mt @ 1.5% Li2O (ASX announcement 6/11/18). The larger Finniss Project Mineral Resource is now 5.0Mt @ 1.5% Li2O (ASX announcement 6/11/18).

We are continuing to drill the Finniss Project and today have a drill rig on site. Grants and BP33 are just two of many exploration targets at Finniss and we have the potential to substantially grow the Finniss Project resource as we look to duplicate our success at BP33 and Grants at these other prospects.

The Finniss Project has many characteristics that make is favourable for development, these include: the ore is high-grade spodumene and is amenable to simple dense media separation, the spodumene can be mined by simple open pit mining methods, the project is approximately 90km from the port of Darwin and is Australia's closest lithium project to China. We are confident that once all permits are granted and funding is secured, that we will be able to successfully develop the Finniss Project and successfully grow the mineral resource to support an increased mine life.

The mining lease and environmental approvals process is very thorough and Stephen Biggins and his team are to be commended for the work they have done in preparing the documentation and responding to questions from the NT Government and the communities in which we operate. Steve and his team have been actively engaging with local communities and stakeholders. At this stage, we are hopeful of receiving the relevant mining approvals by the middle of next year.

Spodumene is not traded on the spot market meaning that offtake agreements need to be negotiated with customers. We have signed offtake framework agreements with Yahua and Ruifu and are in the process of negotiating final and binding definitive agreements for the sale of spodumene concentrate. The offtake agreements also include pre-payment agreements which will go a long way toward potentially funding the development of the Finniss Project.

One of the resolutions being considered today is the change of company name to Core Lithium Limited. We deliberately retained the word "Core" in our new company name as a link to our successful past and whilst a change of name from Core Exploration to Core Lithium is a simple change of one word, the new name reflects a much larger change in the direction and development of the company. Core's mission is to be Australia's next lithium producer, supplying high quality lithium products to the rapidly expanding global lithium battery and electric vehicle markets.

Whilst we have discovered and are now progressing development of the Finniss Lithium Project toward production, our share price has been disappointingly lagging the lithium industry's new producers. Whilst the reasons for the differing share price and project valuations are many and varied, the change in company name should reinforce in the minds of investors that Core Lithium Ltd is transitioning from development toward production in 2019.

Another of the resolutions being considered today is the re-election of Heath Hellewell as a director of Core. Heath is a well-respected mining industry professional who has previously been actively involved in the development, construction and operation of a mine in Australia. Heath's hands on experience in mine development and financing are invaluable to Core and the success of the Finniss Project. Core is fortunate to have someone the calibre of Heath as a director as we move to developing the Finniss Project.

Our prospects for 2019 are very positive. We will continue to actively explore the larger Finniss Project area to discover new prospects as well as increase the confidence of some of our existing resources. At the same time, we will continue to work collaboratively with the NT Government toward the grant of all necessary approvals with the aim of commencing mining operations at Grants mid-2019.

On behalf of the Board, I want to thank our shareholders for their continued support and look forward to sharing our journey from explorer to producer with you. The other directors and I, also thank our employees and contractors for their hard work and dedication over the past year.

We believe that we have only scratched the surface at the Finniss Project, as we continue to grow the resource base and make new discoveries. We are excited for the year ahead as we make the transition from mineral explorer to mine operator.

Mr Greg English
Non-Executive Chairman
Core Exploration Limited 

For further information please contact: 

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

For Media and Broker queries: 

Andrew Rowell
Director - Investor Relations
Cannings Purple
M: +61-400-466-226
E: arowell@canningspurple.com.au
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Alt Resources Ltd (ASX:ARS) Placement to Raise up to $2.5 Million

November 7, 2018, 4:43 pm
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Alt Resources Limited (ASX:ARS) (the Company) is pleased to announce that it is proposing to undertake a capital raising to raise up to $2.5 million before issue costs. The raising consists of a placement of shares to raise $2.3 million and Director loan to the Company of $200,000. The share issue comprises a placement to sophisticated and professional and existing investors and Directors of the Company (Placement).

Placement

The Placement is to be conducted in two tranches. The first tranche to raise $1,464,152 was completed today using the Companies available placement capacity under ASX listing Rule 7.1 and 7.1A. The second tranche to raise $763,848 will be completed following receipt of necessary shareholder approval at the Company's Annual General Meeting to be held 22 November 2018.

Up to an aggregate 76,666,666 fully paid ordinary shares in the capital of the Company (Shares) will be issued under the Placement at an issue price of $0.03 per Share (Issue Price). The Issue Price represents 10.78% discount to the Company's Volume Weighted Average Price (VWAP) over the last 15 days the shares traded. The VWAP being $0.0336.

Subject to Shareholder approval the Company will issue one (1) listed option to acquire a share (Option) for every three (3) Shares subscribed for and issued under the Placement. The Options will be exercisable at $0.045 per Option and an expiry date being 8 November 2021. Up to an aggregate of 25,555,555 options will be issued.

The Placement was made to investors qualifying under Section 708 of the Corporations Act 2001 (Cth) (Act)

Use of Funds

a) to pay the first Vendor Payment for Bottle Creek Gold Project: and

b) to provide general working capital for the Company.

James Anderson
CEO Alt Resources Ltd
M: +61-406-069-243
E: james.anderson@altresources.com.au

Peter Taylor
Investor Relations
E: Peter@nwrcommunications.com.au
M: +61-412-036-231
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Venus Metals Corporation Limited (ASX:VMC) RC Drilling Commenced Youanmi Vanadium Oxide Project

November 7, 2018, 8:06 pm
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Venus Metals Corporation Limited (ASX:VMC) (FRA:EZL) is pleased to announce the commencement of a 6000m reverse circulation (RC) drilling programme at the Youanmi Vanadium Oxide Project, Western Australia (Figure 1 in link below). The RC drilling programme is expected to be completed at the end of November.

- The drilling is designed to convert part of the JORC 2012 inferred mineral resource of 110.6 million tonnes @ 0.30% V2O5 into a large measured oxide resource from surface to 45m depth.

- Once a measured resource is achieved it will support the Scoping Study that is currently in progress.

- The majority of the drilling will be carried out on a 40 by 80m spacing over a strike length of 2km.

- RC drill program will also deliver a 100 tonne bulk sample for advanced metallurgical test work.

To view figures, please visit:
http://abnnewswire.net/lnk/0XD6929C 

Matthew Hogan
Managing Director
T: +61-8-9321-7541 

Barry Fehlberg
Executive Exploration Director
T: +61-8-9321-7541
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Minotaur Exploration Ltd (ASX:MEP) Breaks Through With New Model For Copper Under Cover

November 7, 2018, 8:08 pm
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David Upton is one of Australia's leading writers on mineral exploration. He has BSc in Geology and is the author of The Olympic Dam Story.

As a geology undergraduate in the 1980s, I had the opportunity to make a field trip to the Curnamona province in South Australia. The objective was to teach a bunch of city kids the basics of field mapping, although our weary lecturers had a hard time imparting much knowledge. For me, the experience of being immersed for two weeks in the beautiful landscape of the Olary domain encouraged too much daydreaming and not enough study.

However, I never forgot being told by senior lecturer, Alex Grady: "There are pegmatites and there are pegmatites." It seemed to me as impossible as a bolt of lightning from the bright blue sky under which we all stood. But Dr Grady was simply saying there is more than one type of coarse-grained rock that went by the name of pegmatite, and we needed to look closer at what was actually before us. His words came back to me when asked for my perspective on Minotaur Exploration (ASX:MEP). For, while there are some 750 junior resource companies on the ASX, there are mineral explorers and there are mineral explorers.

Minotaur is among a group of some 30 companies that I term the "high exploration" sector, defined by their high ambition, commitment to high science and high-concept exploration strategy. The group includes an even more elite subset of explorers who have made major discoveries, including Minotaur following the Prominent Hill discovery at the end of 2001.

The division between this group and the rest of the market became clear to me after spending the best part of 18 months researching and writing the history of the Olympic Dam discovery by Western Mining. Many of today's high-exploration juniors are doing all the right things that could make them the next Western Mining.

Unfortunately, most investors don't see positive differences between a high-exploration company and a junior drilling out a tired old gold deposit. In fact, the latter typically gets the price premium because investors see some prospect of cashflow in the short term and no value in exploring for Tier 1 greenfield deposits.

In some ways, that point of view is understandable. Companies such as Minotaur that are looking for the next generation of discoveries are forced to explore under cover -
a barren blanket of soils, sands and sediments that covers 75% of our continent. This has proved extremely challenging. Discoveries have been too few to teach investors that high-exploration companies, when they make a discovery, can create wealth faster (and much more sustainably) than a bitcoin bubble.

As a nation, we are probably still five to 10 years away from being able to make meaningful difference to our success at exploring for multiple deposit styles under cover. However, it's a very different story at Minotaur, which this year has achieved remarkable success with an innovative new exploration model for blind copper deposits in the Mt Isa region.

The ISCG model

Minotaur has quietly achieved a breakthrough based on a new deposit style known as Iron-Sulphide-Copper-Gold or ISCG. This new style is a relative of the Iron Oxide Copper Gold (IOCG) deposit type that shot to prominence in the 1970s with the discovery of Olympic Dam.

An ISCG deposit is created when the metal-rich fluids that give rise to an IOCG find their way into a low-oxygen or reducing environment. The legendary Douglas Haynes - whose model for copper-depleted basalts led to the discovery of Olympic Dam - seems to be first person to suggest the idea of ISCGs back in 2000.

The classic IOCG deposit is oxygen rich, leading to abundant oxides of iron — hematite and magnetite. By contrast, an ISCG is formed in an oxygen-poor environment, where valuable metals become associated with sulphides of iron, such as pyrite and pyrrhotite.

The most exciting aspect of Minotaur's new thinking is the sulphides in ISCGs are highly conductive. This opens up the possibility of detection by electromagnetic surveys, in much the same way EM is an indispensable tool in the hunt for nickel-copper sulphides (eg Kambalda, Nebo and Nova-Bollinger) and volcanogenic massive sulphides (eg De Grussa).

The development of the ISCG deposit model and the EM techniques to penetrate the notoriously difficult cover of the Cloncurry region have taken Minotaur the best part of a decade. It began in 2010 at the Cormorant prospect, within an area known as Naraku, 30 km north of the Ernest Henry mine. Minotaur had struck a joint venture with Japan's JOGMEC, which was keen to trial a proprietary Squid EM system known as SquiTEM on the highly conductive style of mineralisation that Minotaur had come across.

Trials of SquiTEM proved successful at penetrating Cloncurry's cover, but the system was cumbersome and not suited for the hot and dusty exploration landscape. Minotaur's geophysicists had soon assembled something similar with off-the-shelf Squid and B-Field technology and fine-tuned it at Naraku.

Based on that, the company decided to look more broadly for ISCG style mineralisation. The best place to start was judged to be around the Eloise copper deposit, which was an oddity in the region, being neither an IOCG nor a basin-hosted (Mt Isa)-style deposit. However, Minotaur could see a great fit with its new ISCG style and now had the exploration toolkit to search for similar deposits nearby. (Eloise is a significant deposit in its own right, with +10 million tonnes at 2.2% copper and 0.9 g/t gold having been extracted. It is mined by an underground operation, owned by FMR Investments, formerly Barminco, from 1300m below surface).

Results came quickly with the discovery of Artemis in July 2014, just nine months after Minotaur secured the ground through an agreed, all-scrip takeover of Breakaway Resources.

The discovery hole intersected 22 metres at 3.02% copper, including 9 metres (from a downhole depth of 167 metres) at 5.2% copper, along with gold, zinc, lead and silver.

Artemis was not only an emphatic proof of concept, it had the potential to be Minotaur's first ever production asset. However, OZ Minerals was eager to joint venture the ground on the condition that the search was refocused on even bigger deposits with the potential to move the dial for a company with a $3 billion market capitalisation.

OZ entered the Eloise JV in December 2015, agreeing to spend at least $1.5m in 2016, then a further $3.5m over next two years to earn 51%. It could then invest a further $5m over the next three years to earn up to 70%.

The decision to back Minotaur was bold for a number of reasons, despite the Artemis discovery. OZ was signing up to an exploration effort aimed at a deposit style that was unproven as far as the rest of the exploration community was concerned. And it was backing an exploration strategy for copper under cover that would be led by EM rather than magnetics and gravity. EM targets would be drilled even if there was no magnetic anomaly, which had been unthinkable until now. OZ also agreed that Minotaur would operate the JV. OZ might be 100 times bigger than Minotaur in terms of market cap, but it clearly respects its junior partner's exploration expertise.

The financial backing of OZ allowed new freedom in the hunt for ISCGs. Previously, Minotaur had confined its search west of Eloise, where the cover thickness is only tens of metres. This allowed Minotaur to use heli-borne EM to screen a large area for targets, and cost-effectively follow up with deep penetrating ground EM. But with OZ's backing, Minotaur could now afford to refocus the search on the more deeply buried Levuka Shear Zone (LSZ), which runs north-south through Eloise and is known to be a regional-scale conduit for metal-rich fluids. Heli-borne EM would not be effective because of the thicker cover, but would be replaced by a series of transects along the 50km-strike length of the LSZ.

EM transects and ground gravity surveys along the LSZ north of Eloise began in March 2016. By October, drilling at the new Iris prospect was underway and immediately struck ISCG mineralisation, with a best intercept of 38m @ 0.47% Cu and 0.08 g/t gold from a depth of 166m at Iris South. While that's not quite an economic grade, it was a remarkable result. Remember, this is mineralisation under cover, which is essentially blind to magnetics and gravity, hit with the very first drill hole at depths considered beyond the limits of EM just a few years earlier.

Further drilling north of Eloise continued to produce highly encouraging results from Iris and a new prospect known as Electra, but nothing that appeared to have the size and grade to satisfy OZ's ambitions. The joint venture partners decide to switch the focus of the search to the south of Eloise. By August 2017, EM had identified several promising new targets, including Jericho (just 3km south of Eloise), which is actually three adjacent conductors, including the 3km-long J1 conductor.

Drilling began at Jericho in October 2017, and immediately delivered outstanding results from J1 and J2. The best result of the maiden two-hole drill program was 27m at 2.42% copper and 0.71 g/t gold from 435m, including 6m at 4.23% Cu and 0.42 g/t gold from 440m and 9m at 3.83% copper and 1.73 g/t gold from 453m. It's important to note these are downhole depths from holes that have been inclined to intercept both conductors. Thickness of cover is 70 - 80m and shallow drilling to test upward extent of mineralisation is yet to be undertaken.

Since then, a further 26 holes and a total of 12,840m have been drilled. Copper-gold mineralisation has been intercepted in every drillhole along 3.3km strike of the J1 conductor and 1.2km strike of the J2 conductor. This is an incredible success rate at this stage of exploration. Furthermore, most of the intercepts are not mere hints of copper-gold, but full-blooded drill hits of economic grades.

The very large size of the system means much more drilling needs to be done to define a JORC resource, although that's a terrific problem to have. In the meantime, you can get a sense of how big Jericho might be by comparing it with Eloise, where the main lodes are just 200m in length. The comparison with Eloise suggests Jericho has the potential to be the most significant copper discovery in Queensland for decades. Remarkably, it has been sitting there undiscovered on the doorstep of the Eloise deposit for almost 30 years. No-one had drilled in the area immediately south of Eloise because there was no hint of a magnetic anomaly. Previous explorers had fixated on the magnetic signatures, but Minotaur has smashed that thinking with the success of its ISCG exploration model and the Jericho discovery.

OZ is clearly excited about the Jericho discovery. Its enthusiastic spending under the joint venture means OZ is on track to spend $10 million and reach its maximum 70% earn-in threshold by early 2019, three years earlier than allowed under the agreement.

The most recent batch of assays, released on 25 October, highlighted strong copper grades at shallow depths along a 1km of strike of J1. This is highly encouraging and is being followed up immediately with shallow drilling north of hole EL18D15. This area is known to be mineralised but access issues prevented drilling until now.

After that, the impending wet season will force a break in drilling activity until April, but in the meantime the Eloise JV partners will conduct sophisticated analysis of drill core, including geochemistry. This could yield important insights about the nature of the mineralisation and help direct the next phase of drilling to the highest grade areas. The 2019 field season is also likely to include scout drilling of promising new targets within 30km of Jericho, recently revealed by a new series of ground EM surveys.

While Jericho is the headline act at the moment, Minotaur is moving quickly to unlock the potential of other project areas with its breakthrough ISCG exploration model. In July, the company acquired 100% of the Highlands project - nine tenements covering 667km2 of ground, centred 50km northeast of Mt Isa. The project surrounds CopperChem's Barbara deposit (4.75Mt @ 1.6% copper, 0.15 g/t gold and 309 g/t cobalt) and is highly prospective for ISCGs. A five-hole program of reconnaissance RC drilling started mid-October.

It will be fascinating to watch the results from Highlands, as well as an even more recent project known as Windsor, 200km southwest of Townsville. Windsor is prospective for volcanogenic massive sulphide (VMS)-style deposits. The area is a proven location for high-grade polymetallic deposits, such as Thalanga and Highway-Reward, but has received scant exploration since the early 1990s because of the highly conductive cover. Minotaur's EM skills create a big competitive advantage for the company and could lead to a new wave of discoveries.

There's even more to Minotaur than the projects covered in this review, including the Osborne joint venture with Japan's JOGMEC, another big partner with a lot of respect of Minotaur's exploration skills.

But the most important assets for Minotaur (and why I rank it among an elite group of the high-exploration juniors) are a board of directors and a geoscience team that understand it takes persistence, excellence and innovation to make a discovery. Minotaur's founder, Derek Carter (now retired) and the company's long-standing geoscience leader, Tony Belperio, showed those attributes to discover Prominent Hill in 2001, after 11 years of doggedly pursuing their goal. Persistence, excellence and innovation are still hallmarks of Minotaur under the leadership of Andrew Woskett and are key to the brilliant ISCG story that is rapidly unfolding.

5 November 2018

Andrew Woskett
Managing Director
Minotaur Exploration Ltd
T: +61-8-8132-3400
www.minotaurexploration.com.au
↧

MMJ PhytoTech Ltd (ASX:MMJ) Investment in VitaGenne

November 7, 2018, 9:19 pm
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MMJ Group Holdings Limited (ASX:MMJ) ("MMJ") is pleased to announce that it has made a cornerstone equity investment of USD$1 million for an 18.2% shareholding in privately-held VitaGenne Inc ("VitaGenne").

VitaGenne is a hemp-derived cannabidiol (CBD) product company focused on providing health and wellness goods in the United States. Its mission is to be the leading supplier of branded hemp-derived CBD wellness products, nutraceuticals and dietary supplements. VitaGenne's current range of products include sublingual CBD tinctures, ingestible CBD gel capsules formulated for multiple uses, topical CBD pain creams and topical CBD repairing creams.

MMJ's CEO Jason Conroy commented that "We are delighted to be the cornerstone investor in VitaGenne. The investment is our first in both hemp-derived CBD products and the United States market where we see significant opportunities for future growth." 

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

Altech Chemicals Ltd (ASX:ATC) Letter to Shareholders

November 7, 2018, 10:49 pm
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Over the last few weeks the Company has received numerous enquiries from shareholders about the deterioration of its share price, and whether there has been any significant changes to the Company’s high purity alumina (HPA) project, the HPA market, the senior debt facility or the mezzanine debt due diligence process. The answer is no to all of these, nothing has changed and we continue to make solid progress with project development.

Unfortunately, the Company’s share price has been adversely impacted by a recent general sell-down on global equity markets, particularly small-cap battery materials related (lithium, cobalt, graphite and nickel) companies listed on the ASX. We have also been made aware that some institutional investors (funds) have recently adjusted market capitalisation investment thresholds, which has added to the selling of “small-cap” company shareholdings such as Altech.

The Board and I share your frustration of the Company’s share price performance, especially considering that we continued to make significant advancements of our HPA project during the months following the successful July 2018 capital raising. However, as illustrated by our share price, the Company is not immune to general market conditions and sentiment.

I would like to remind shareholders what has been achieved in the last four months:

Johor Development

- The site in Johor for our HPA plant was cleared;

- A ground-breaking ceremony was conducted on 8 August 2018;

- A geotechnical drilling survey was completed;

- The Stage 1 early works construction agreement was executed with SMS group;

- The HPA plant site layout and buildings design is now completed;

- A development order building application is now underway; and

- Stage 1 construction at Johor remains on track.

Mezzanine debt and Stream Finance facility

- The due diligence processes remains on track;

- An update meeting with the potential mezzanine debt provider was held in London this week;

- A draft due diligence report (technical) was received by the potential mezzanine debt and Stream

Finance facility providers from the technical consultant (Advisian) in October 2018;

- As previously advised, the final technical due diligence report is expected by the end of November 2018, once additional information from the Company, SMS group and others is incorporated in the report;

- We have been advised that the potential mezzanine lender will also commission an independent HPA market analysis report; and

- Updated financial modelling is underway in preparation for inter-creditor discussions.

HPA Market

- The HPA market remains strong and buoyant, particularly HPA for lithium-ion battery separator sheets; and

- Recent attendance by the Company at the 2018 Battery OSAKA conference reported:

o strong interest for HPA powder from South Korea and Japan;

o demand for HPA from the lithium-ion battery separator sheet sector appears to be growing faster than expected;

o the price of HPA at the premium end of the market (Japan and South Korea) is holding at US$40,000/t; and

o there is no negative change to the HPA market, if anything, the outlook is more positive than earlier in the year.

Intellectual Property Protection

- Progressed the protection of Altech’s kaolin to HPA intellectual property;

- Seven (7) patent applications are in progress (Australia and Malaysia); and

- One (1) innovative patent was granted to Altech on 16 October 2018, which has commenced the examination process.

Equity / project level investment

- Discussions continue with various funds, private equity and industrial groups for a possible strategic investments and/or partial sale at the project level;

- A number of the groups are in various stages of due diligence and project analysis; and

- Any decision on equity participation will come after mezzanine debt is finalised.

In summary, a tremendous amount has been achieved by the Company in the last few months. The Company remains focussed on the project and continues to move forward ticking each and every development box. We cannot control equity markets and sentiment, just our process to develop the lowest cost HPA plant in the world.

In closing, I sincerely thank you for your support under difficult and volatile times and assure you that the Company’s vision to be one of the largest and lowest cost HPA producers in the world is un-waivered. 

Corporate
Iggy Tan
Managing Director
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com 

Shane Volk
Company Secretary
Altech Chemicals Limited
Tel: +61-8-6168-1555
Email: info@altechchemicals.com

Investor Relations (Europe)
Kai Hoffmann
Soar Financial Partners
Tel: +49-69-175-548320
Email: hoffmann@soarfinancial.com
↧
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