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Cervantes Corporation Limited (ASX:CVS) Cervantes completes Albury Heath drilling

December 3, 2018, 5:54 pm
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Cervantes Corporation Ltd (ASX:CVS) "Cervantes" is pleased to announce the completion of the follow up Reverse Circulation (RC) drilling program at the Albury Heath project in Meekatharra. Earlier this year Cervantes had bonanza grade gold intersections in zones not previously known from historic drilling or mine workings and represent newly identified centres of mineralisation:

- 2m @ 67.2 g/t from 27m in AHP116, incl 1m @ 129.3 g/t from 27m

- 5m @ 63.1 g/t from 32m in AHP134, incl 1m @ 202.8 g/t from 33m

Previously unknown bonanza grade gold zones

Hole AHP134, which intersected 202.79g/t gold (or approximately 6.5 ounces/tonne) occurs 80m NE from the old workings. Hole AHP116, which intersected 129.32g/t gold (or approximately 4.2 ounces/tonne) is located 40m to the SW of those workings. Neither of these areas were exploited by historic mining nor were they intercepted in historic drilling.

The Albury Heath currently contains an Indicated and Inferred Resource of 390,000 tonnes at 2.15g/t gold (announced 7 February 2017.)

Current drilling campaign

A short, seven hole 440 metre drilling campaign has been completed to follow-up on the bonanza grade gold intersected by holes AHP116 and AHP134. The holes have tested the down dip, up dip and along strike continuity of these zones to further plan a more comprehensive drilling program in early 2019.

Whilst the original plan was to incorporate the RAB drilling of some 4-5 other targets within the project area, the Mines Dept. approvals for the RAB were not obtained in time, and we accepted an offer from a drilling contractor in the area to complete just the RC drilling for a small premium for mobilisation. We do not expect any results from this drilling program until the New Year and will bring them to market when available.

The approvals from the Mines Dept. for the Primrose Project drilling campaign in Payne's Find were also delayed, and only recently received, but not in time to activate any drilling programs.

Cervantes will assess all of the outstanding results from current Albury Heath program, the approved drilling programs for the RAB at Albury Heath, and the RC drilling at Primrose, and plan the timing of the new programs for the 2019 Season.

We had some late interest in the capital raising and the board elected to extend the prospectus to the 28th December 2018.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/LS3YANQ8 

Collin Vost
Executive Chairman
T: +61-8-6436-2300
E: cvost@cervantescorp.com.au
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YPB Group Ltd (ASX:YPB) Investor Presentation

December 3, 2018, 6:16 pm
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YPB Group Ltd (ASX:YPB) will be presenting the attached investor presentation at the 1-2-1 Tech Investment conference in Singapore over the 4th and 5th of December 2018. A short video will also be presented and is available on the Company's website.
To view the presentation, please visit:
http://abnnewswire.net/lnk/MFD4Q256 

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

Mr. Gerard Eakin
Director
YPB Group Limited
T: +61-427-011-596
E: eakin@manifestcapital.com
W: www.ypbsystems.com
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iSignthis Ltd (ASX:ISX) First Bank to Bank transfers via BIC ISEMCY22XXX

December 4, 2018, 2:20 pm
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Brussels, 5th December 2018: iSignthis Ltd (ASX:ISX) subsidiary, iSignthis eMoney Ltd, trading as ISXPay(R) ("the Company"), is pleased to announce it has accepted deposits on behalf of customers to its own issued International Bank Account Numbers (IBANs). The IBANs are interbank network locatable via ISXPay's SWIFT / Bank Institution Code (BIC) ISEMCY22XXX.

Highlights

- IBAN based accounts now live, sending and receiving EUROS (EUR) across EEA/SEPA and Switzerland

- Client Funds deposited with zero credit risk under EU's "Eurosystem" Central Banking system

- eMoney Account (EMA) facilities connected to ISXPay card processing capabilities.

- $4M CYFY2019 annualised contribution to Gross Profit based on approved customers to date

Customers are able to log into their accounts via the Probanx.com online banking platform, retrieve balances and execute SEPA transfers held against their IBANs.

The facilities allow the Company to offer its customers;

- IBAN based Euro (EUR) denominated eMoney accounts (EMA), in the name of legal or natural persons

- electronic funds transfer from/to any of the ~4300 SEPA1 scheme connected banks and branches in the EU28, EEA including Norway, Lichtenstein, Monaco, San Marino, Iceland and Switzerland

- zero credit risk facilities to ISXPay depositing customers, under the Eurosystem of central banking

- fast clearing of Euro (EUR) settlements from card and payment schemes

- International SWIFT inbound and outbound transactions by late January 2019

Corporate EMA facilities are managed from our Cyprus office, via a private banking style relationship management, specifically tailored for our customers in the CFD, FX, spread-betting, Wagering and eGaming industries, and their affiliates. ISXPay has issued more than 25 corporate IBANs, representing estimated annual gross profit contribution for the company over CYFY2019, in excess of $4m. Further corporate applications are being processed.

The Company is focussed on providing corporate customers with EURO (EUR) denominated eMoney (EMA) services initially, with eMoney accounts in other currency denominations including USD$, GBPGBP, HKD$, SGD$, CAD$, AUD$ and CHF, by Q2 2019. 

Media: contact@isignthis.com

Investor Relations
Chris Northwood
Activ8Capital
T: +61-458-809-177 
E: cnorthwood@isignthis.works or investors@isignthis.com
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Cobalt Blue Holdings Limited (ASX:COB) Thackaringa Cobalt Project Drilling & Water Supply Update

December 4, 2018, 2:45 pm
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Cobalt Blue Holdings Limited (ASX:COB) is pleased to announce initial results from its major resource definition drilling program underway at Thackaringa, NSW.

KEY POINTS:

- Initial results reinforce potential for substantial mine life.

- Drilling continues to reaffirm the geological model with a total of 5,686metres completed to date - in excess of 15,000 metres will be drilled over the campaign, making the current program the largest undertaken at the project. Previously, between 2H 2016 and 1H 2018, COB has drilled a total of 20,445 metres (38 diamond drill holes, 93 RC drill holes, and 3 RC drill holes with diamond tails) over three campaigns.

- The current announcement summarises results from the first three diamond drill (DD) holes (for 120 metres total) and four reverse circulation (RC) holes (for 766 metres total) that were drilled at the Pyrite Hill deposit. Significant intersections include:

- 18THR001 - 56m at 824ppm Co, 11.1% Fe & 9.4% S from 146m

- 18THR002 - 68m at 1218ppm Co, 13.4% Fe & 13.4% S from 116m

- 18THR003 - 52m at 1042ppm Co, 11.1% Fe & 11.2% S from 93m

- 18THR004 - 91m at 826ppm Co, 12.8% Fe & 10.2% S from 67m

- Updated Resource Model due end Q1 2019.

- Cobalt Blue is proud to announce that it has secured up to 1.5 GL of water per annum that will be supplied by Essential Water at a metered off-take point on the western outskirts of Broken Hill.

Cobalt Blue's Chairman, Rob Biancardi said: "We are pleased by recommencement of drilling at Thackaringa. Assays received to date have affirmed continuity of high-grade cobalt mineralisation at the Pyrite Hill deposit with further potential for Resource growth identified through down-dip extension"

2018-2019 Drilling Program Aims

The current drilling campaign aims include:

1. Improved Mineral Resource classification - defining Measured Resources.

2. Growth of Mineral Resources - exploration along margins of existing mineralised bodies.

3. Overburden definition - identification of oxide and/or transition layer(s).

4. Blue-sky exploration - follow up previously identified geophysical anomalies.

Drilling Update

Thus far, the current drilling program has focused on the Pyrite Hill deposit which represents 36% of the existing Mineral Resource tonnage and approximately 39% of contained cobalt inventory (Refer to Table 1 for complete Mineral Resource summary). A versatile drilling fleet comprising two diamond and two RC drill rigs has been deployed to service program objectives.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/YP0CQ473 

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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State Gas Limited (ASX:GAS) REID'S DOME NYANDA-4 SUCCESSFUL DRILLING AND TESTING

December 4, 2018, 3:11 pm
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State Gas Limited (ASX:GAS) is very pleased to advise that drilling, coring, logging and testing of the Nyanda-4 coal seam gas and conventional gas well at the Reid's Dome Gas Project in Central Queensland has been successfully completed, with drilling extended for a further 200m to a new Total Depth (TD) of 1,200m within the Reid's Dome Beds.

HIGHLIGHTS

- Drilling, coring, logging and testing of the Nyanda-4 coal seam gas and conventional gas well at PL 231 in Central Queensland has been successfully completed.

- Given the favourable results received during drilling and testing to the planned Total Depth (TD), Nyanda-4 was extended by 200m to 1,200m TD and has been suspended for future re-entry and further testing.

- Quick-look petrophysics indicates 38m of net coal and 25m of carbonaceous shales and thinner coal seams (i.e.
- Gas data obtained during drilling provided good gas shows from approximately 392m, and an overall increase in gas content with depth, with the data indicating that the well was still in gas shows at TD. Drill Stem Tests established permeability and the presence of approximately 100psi over-pressure within the Reid's Dome Beds in Nyanda-4.

- A 150m cored zone sampled 12 seams of good quality bright coal showing good development of cleats and minor fractures in numerous places. Gas was observed bubbling from the coals and 9 samples were taken for desorption testing.

- The cored zone also intersected 7 zones where light oil was observed bleeding from fine-grained sandstones with gas hissing from sandstones.

- PL 231 encompasses Reid's Dome - a classic north-south dome structure extending over 22km with several faults, situated on the crest of the Sericold Anticline in the southwest Bowen Basin.

Although designed to be plugged and abandoned, due to the favourable results and data obtained thus far, the Nyanda-4 well has been suspended for future re-entry and further testing.

Results of Nyanda-4

Gas data obtained while drilling shows good gas shows from approximately 392m and an overall increase in gas content with depth, with the data indicating that the well was still in gas shows at TD. Total gas peaks present in Mud Logs of up to 3% above background of 0.2% directly correlate with the coals and the sandstones present within the section. From 636m heavier components of up-to C4 were recorded in Mud Logs.

Wireline logging obtained a comprehensive suite from TD to the casing shoe 378m. The density log indicates the presence of coal from 392m to 1177m with seams up to 4m thick. The majority of the coal seams lie between 392m and 880m.

Quick-look petrophysics indicates 38m of net coal, and a further 25m of carbonaceous shales and thinner coal seams (i.e.
A zone of 150m of 76mm core was sampled between 392m and 542m, with 99% core recovery.

The cored zone intersected 12 seams of good quality bright coal within a predominantly siltstone inter-burden. The coal shows good development of cleats and minor fractures in numerous places. Gas was observed bubbling from the coals and 9 samples were taken for desorption testing. The core also intersected 7 zones where light oil was observed bleeding from fine-grained sandstones and gas hissing from sandstones.

Four drill stem tests (DSTs) were conducted, the deepest being at 940m and the shallowest at 441m. These tests have established permeability and the presence of approximately 100psi over-pressure within the Reid's Dome Beds at Nyanda-4.

Correlation with the AOE-1 well 14 km to the north, and GSQ Eddystone-4, 12 km to the south indicates the lateral persistence of the Reid's Dome coal-bearing intervals across the entire PL 231 permit area.

Laboratory work in progress will provide further information on gas desorption and gas composition relating to the coals, along with the reservoir characteristics of the sandstones.

Analysis and interpretation of the DST data has commenced and detailed petrophysical characterisation will be undertaken after the laboratory results are available for incorporation.

State Gas Limited Chairman, Mr Tony Bellas, said that the outcomes of the Nyanda-4 well have far exceeded the Company's expectations and confirm a significant coal seam gas project and a "free gas" presence within the Reid's Dome structure in PL 231.

"While we await further analytical results, the initial findings from Nyanda-4 indicate that this is a great outcome for the shareholders of State Gas, the State of Queensland and the Australian east-coast gas market."

Reid's Dome Gas Project Location and Geological Setting

PL 231 is located south west of Rolleston in the Bowen Basin in Central Queensland, approximately 50 km from the Queensland Gas Pipeline. Gas was first discovered within the Reid's Dome Gas Project area during drilling in 1955, and PL 231 is now known to host both conventional gas and coal seam gas reservoirs. Prior to the drilling of Nyanda-4, the PL 231 permit area had not previously been explored for coal seam gas.

Pl 231 contains approximately 60m+ of coals and carbonaceous shales within Reid's Dome at potentially viable depths covering an area of 80-160sq km within the permit.

Based on the results of Nyanda-4 and historical drilling, and compared with geological analogues in Queensland, the Reid's Dome gas accumulation appears to be characterized by the entrapment of coal seam methane possibly within a structurally-controlled "free gas" zone within Reid's Dome - a classic north-south dome structure extending over 22km with several faults, situated on the crest of the Sericold Anticline plunging gently to the north and south.

The presence of over-pressured gas in the known conventional reservoirs indicates the cap rocks are sealing. Elsewhere in the Bowen Basin, anticlines have enhanced permeability characteristics for coal seam gas. Due to their lower stress and associated fracturing, tensional areas at the axes of anticlines and synclines in the Bowen Basin have been priority targets for enhanced permeability and coal seam gas production.

Pressure data from Nyanda-4 and historical drilling within PL 231 indicates that the entire section is above hydrostatic, indicating that the top-seal has not been breached, which has enhanced the structural setting for significant gas concentrations within the coals.

State Gas Limited is the Operator and 80%-owner of PL 231 and the Reid's Dome Joint Venture.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/Y1J28W87 

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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MMJ Group Holdings Ltd (ASX:MMJ) Additional information regarding shareholding in Harvest One

December 4, 2018, 3:50 pm
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Further to the announcement made by MMJ Group Holdings Limited (ASX:MMJ) (FRA:2P9) (OTCMKTS:MMJJF) ("MMJ") on 3 December 2018 regarding its shareholding in Harvest One Cannabis Inc. (CVE:HVT) ("Harvest One"), the board of directors of MMJ ("MMJ Board") wishes to advise that its current strategy is to remain a major shareholder of Harvest One and support its management team in the execution of its business plan.

In this regard, the MMJ Board notes that Harvest One appointed a new Chief Executive Officer, Chief Operating Officer and General Counsel, and members to the Company's Board of Directors during the last fiscal quarter 2019. This new team is in the process of executing a revised strategic direction for Harvest One, which includes:

- A 13,000 square foot expansion already underway of United Greeneries' primary operations in Duncan, British Columbia that will triple the output of the facility;

- Continued construction of a 60,000 square foot indoor flowering facility at its Lucky Lake property in Saskatchewan;

- Driving sales growth for Satipharm including the Gelpell(R) Microgel capsules in the EU and as Harvest One's primary brand for medical offerings throughout Canada;

- Continued sales growth of the Dream Water product ranges (which incurred record revenue growth for the last fiscal quarter) and development of cannabinoid infused product lines for the North American market;

- Furthering other commercial transactions, such as the multi-year Extraction Services Agreement with Valens GroWorks Corp. for cannabis extraction and value-added services and the investment in Burb, a new BC-based retailer of cannabis and cannabis-related products; and

- Harvest One also remains extremely well capitalised with approximately CAD$48 million in cash at the end of the last quarter.

MMJ owns 55,557,994 shares in Harvest One for a 30.5% shareholding and this remains MMJ's most significant investment to date.

The MMJ Board is confident that the Harvest One management team will execute on its future business plan and that this should lead to an increase in the value of MMJ's shareholding in Harvest One. 

Investor and Media Enquiries:
Jason Conroy
Chief Executive Officer
T: +61-2-8098-0819
E: info@mmjgh.com.au
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State Gas Limited (ASX:GAS) TO INCREASE ITS INTEREST IN PL 231

December 4, 2018, 4:01 pm
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State Gas Limited (ASX:GAS) advises it has initiated the process to increase its Participating Interest in the Reid's Dome Gas Project (PL 231) from 80% to 100% in accordance with the provisions of the Joint Operating Agreement (JOA) for the PL 231 Reid's Dome Joint Venture.

The election to increase State Gas's Participating Interest is being completed through the provisions of the JOA (clause 14(c)) facilitating the acquisition of a Participant's Participating Interest where it has reduced to less-than Minimum Interest as defined in the JOA.

State Gas has issued the relevant notices to commence this process under the terms of the JOA.

State Gas Limited remains sole Operator and, upon completion and settlement of these arrangements, will hold 100% of the Reid's Dome Gas Project and PL 231. Further updates will be provided on or before completion and settlement of these arrangements.

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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White Rock Minerals Ltd (ASX:WRM) Red Mountain - New Geochemical Anomalies Identified Revised

December 4, 2018, 4:32 pm
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White Rock Minerals Ltd (ASX:WRM) is pleased to announce that it has identified a number of high priority geochemical anomalies within its recently expanded 100% owned Red Mountain high-grade zinc - silver - lead - gold - copper volcanogenic massive sulphide ("VMS") Project in Alaska.

- A detailed regional stream sediment survey identifies 8 high priority geochemical targets for follow-up.

- Strong base metal anomalism up to 1.1% zinc in streams indicates high prospectivity for outcropping massive sulphides.

- Strong precious metal and other pathfinder elements detected.

- Target areas cluster in two distinct areas; west of the known mineralisation at Dry Creek (the southern limb of the Bonnifield syncline) and in the Glacier Creek area with strong sulphide footwall alteration on the northern limb of the Bonnifield syncline.

During the 2018 field season White Rock completed a detailed regional stream sediment program over prospective stratigraphy within the Red Mountain project area. This part of the comprehensive 2018 exploration program was optimised based on the geochem orientation survey completed across known mineralisation at Dry Creek. This "calibration" provided a geochemical signature of base metal and precious metal elements together with other pathfinders to use for future exploration of the VMS prospective stratigraphy on both the northern and southern limbs of the regional Bonnifield syncline.

This 2018 reconnaissance program identified a number of extensive alteration features for future exploration. Some of these extend on surface for several kilometres of strike. The results from the regional stream sampling program have successfully highlighted 8 priority anomalies within the area of alteration (Figure 1), providing areas for immediate focus through follow-up ground reconnaissance, surface sampling and the application of electrical geophysics prior to drill targeting.

The significance of some of the geochemical anomalies is illustrated by the tenor of anomalism with one stream sample returning 1.1% Zn in an area towards the top of the VMS prospective stratigraphy to the west of the Dry Creek deposit. No previous exploration has prospected the immediate catchment area indicating how prospective the immediate surrounds remain.

In addition, the area of the northern limb known as Glacier Creek displays footwall sulphide alteration that extends for over 10km of strike. The stream sediment survey has identified 4 discrete high priority targets within the area of alteration. Follow-up work will now be able to focus on these discrete areas of anomalism to enable rapid advancement to drill testing in 2019.

CEO Matt Gill said "We recently expanded our tenement footprint three-fold, to now hold a strategic land package of some 475km2. This expansion follows a successful first year of field activities for White Rock where drilling intersected multiple high-grade intervals of zinc-silver-lead-gold-copper mineralisation at Dry Creek and West Tundra (ASX Announcements dated 18 June 2018, 4 July 2018 and 20 August 2018). With some drill hole results returning in excess of 17% zinc, 6% lead, 1,000 g/t silver, 6 g/t gold and 1.5% copper, the 2018 field season also saw three reconnaissance crews out in the field mapping and sampling. The culmination of this work encouraged White Rock to expand its strategic tenement holding to take in more of what has been identified as a highly prospective geological setting.

In addition to this successful drilling campaign, including a new discovery of high-grade zinc-rich VMS mineralisation at the Hunter prospect, we now have the results from our regional stream sediment sampling campaign. These results reinforce our belief that the Red Mountain project could yield a camp of VMS deposits in the year ahead.

Together with the expansion of the tenement package to 475km2 and coverage of multiple new VMS occurrences throughout the Bonnifield district (Figure 2), White Rock is now poised to advance the project rapidly in 2019 through a second year of aggressive prospecting and drilling."

To view tables and figures, please visit:
http://abnnewswire.net/lnk/WA713X5O 

Matthew Gill (Managing Director & CEO)
Phone: +61-3-5331-4644

Shane Turner (Company Secretary)
Phone: +61-3-5331-4644
Email: info@whiterockminerals.com.au
Website: www.whiterockminerals.com.au
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Donaco International Ltd (ASX:DNA) Senior Management Changes

December 5, 2018, 3:22 pm
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Donaco International Ltd (ASX:DNA)("Donaco" or "the Company") announces that its Managing Director and Chief Executive Officer, Mr Joey Lim, has requested a leave of absence for a period expected to be approximately three months, to deal with health and personal matters.

During this period the Board will commence an international search to recruit a professional Chief Operating Officer and Deputy CEO, to enhance and strengthen the current management team at both of the Company's casino properties.

As a temporary measure during this period, Mr Ben Lim has been appointed as Interim Managing Director and Chief Executive Officer, reporting to the Board. Mr Ben Lim is a director of Donaco Singapore Pte Ltd, and a major shareholder of Genting Development Sdn Bhd, a substantial property development business in Malaysia. He has been a Non-Executive Director of the Company since its listing on 1 February 2013, and accordingly has detailed knowledge of the business. Together with his brother Mr Joey Lim, he owns 17.4% of the Company's shares, and accordingly has a substantial commitment to the business.

Chairman of Donaco, Mr Stuart McGregor, said "The Board is very pleased that Ben Lim has agreed to step up as a senior executive and lead the Company through this period of transition. We also congratulate Joey Lim on recognising his need to focus on his personal wellbeing and health, and wish him all the best for a speedy recovery."

During this interim period Mr Joey Lim will continue to perform a reduced role, focussing on key strategic issues for the Company, and his salary will be reduced by 30%. This is in addition to the reduction of 33% that was implemented in March 2018.

The 30% reduction in salary amounts to USD8,450 per month. This amount will be paid to Mr Ben Lim, to recognise the additional duties he will take on during the interim period. This is in addition to the fees that he earns as a Non-Executive Director. 

Donaco International Ltd
Ben Reichel 
Executive Director
T: +61-412-060-281
WWW: www.donacointernational.com
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Central Petroleum Limited (ASX:CTP) Central Petroleum on the threshold of East Coast Gas Sales

December 5, 2018, 3:33 pm
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Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CPTLF) ("Company" or "Central") announces that its customer Incitec Pivot (ASX:IPL) ("Incitec") has advised Central that its Gas Sale Agreement with Incitec is now anticipated to commence between 29 December 2018 and 10 January 2019.

These dates reflect when the Northern Gas Pipeline ("NGP") is anticipated to be ready for Commercial Operations. Central is currently selling commissioning gas to Jemena, and this is expected to ramp up as the date for NGP Commercial Operations approaches.

Central also announces that the Mereenie Facility Upgrade and Palm Valley Restart Projects have now been brought into production. All key processing and production equipment is installed and running, except for the new Field Boost Compressor ("FBC") at Mereenie which is installed and currently undergoing run testing. This is an outstanding result given that these projects were fast tracked to maximise gas sales through the NGP. The Mereenie Upgrade was delivered only 8 months after ordering long-lead items, which is at least 3 months earlier than the draft initial schedule. This means more gas can be sold this financial year. Central congratulates all parties that have contributed to this result including Traditional Owners, Central Staff and Project Contractors.

Once the run testing of the new FBC is complete, the Mereenie Gas Field will be capable of delivering 44 TJ/d of sales gas on a firm basis (Phase 1 of the Gas Acceleration Programme) plus additional capacity on a non-firm basis. In addition, the Palm Valley facility now has 15 TJ/d of sales gas capacity. With three existing wells already online, one existing well to be brought into production shortly and the PV13 well scheduled to be tied in early next year, Palm Valley is on track to produce at nearly triple the average gas rate prior to being shut-in. Gas sales from Mereenie and Palm Valley will step up following commissioning of the NGP.

With the completion of run testing, delivery of these Projects will represent the culmination of the Gas Acceleration Programme and its objective of delivering Central transformational growth by nearly tripling its gas sales. 

Central Petroleum Limited
T: +61-7-3181-3800
F: +61-7-3181-3855
E: info@centralpetroleum.com.au
WWW: www.centralpetroleum.com.au

Media Enquiries
Helen McCrombie at Citadel-MAGNUS
T: +61-2-8234-0103
M: +61-411-756-248
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MNF Group Ltd (ASX:MNF) Stands Firm on Agreement to Purchase Business from IAB

December 5, 2018, 4:04 pm
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On 8 October 2018, MNF Group Ltd (ASX:MNF) (FRA:M2S) announced that it had entered into an agreement to acquire the Wholesale and Enablement Business from Inabox Group Ltd (IAB).

In response to a proposal to make an off-market takeover bid for IAB from the SB&G Consortium (SB&G), MNF Group simplified and improved its transaction terms and entered into an agreement to reflect this on 23 November 2018.

A revised takeover proposal was made by SB&G on 4 December 2018, and further information was provided by them on 5 December 2018 in response to questions from the IAB Board.

Having reviewed the details in the revised SB&G proposal, the MNF Board's opinion remains that completion of the MNF agreement still provides more value, more certainty and significantly less risk to IAB shareholders than the revised SB&G proposal. The IAB Board has announced a clear timeframe and mechanism for payments to shareholders in relation to the MNF agreement.

MNF considers the revised SB&G proposal is currently incomplete and contains a high degree of complexity and execution risk. The revised SB&G proposal is dependent on future actions and events which are not within the control of SB&G. If those events do not occur as SB&G have described, all or some IAB shareholders could be stranded with their shareholding in IAB diluted.

In summary, MNF considers its agreement as superior for the following reasons:

- The MNF agreement is a complete and binding sale & purchase agreement for the Wholesale and Enablement Business of Inabox Group, which is only conditional on shareholder approval at the upcoming General Meeting on Friday 7 December 2018.

- The MNF agreement is fully funded by MNF using its debt facility.

- MNF is ready to complete the purchase within 3 business days of IAB shareholders approving the transaction at the General Meeting.

- The MNF agreement does not require IAB to breach its banking covenants, nor require any further consideration from IAB's bank or ASIC and does not require IAB to convene further shareholder meetings (other than to distribute capital).

- If the MNF transaction is approved at the General Meeting, IAB will not need to raise further capital before the end of December which the IAB Board has indicated would otherwise be required.

- The MNF agreement allows the IAB Board to pay a fully franked dividend from the profits generated by the sale of the business, which is consistent with Australian tax legislation.

- MNF has a proven track record and reputation for successfully completing many acquisitions over the past 10 years.

As a result of our analysis of the current circumstances, the MNF Board intends to stand firm on its current agreement and does not intend to increase or improve its offer. 

Renee Halliday
Executive Assistant to CEO
E: renee.halliday@mnfgroup.limited
T: +61-2-8008-8231
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Speedcast International Ltd (ASX:SDA) Announces CFIUS Approval for Globecomm Acquisition

December 5, 2018, 8:31 pm
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Speedcast International Limited (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDF), the world's most trusted provider of remote communication and IT solutions, announced today that the Committee on Foreign Investment in the United States (CFIUS) has completed its review of the company's previously announced transaction with Globecomm Systems Inc.

Based upon its review, CFIUS has determined that there are no unresolved national security concerns with respect to the acquisition. Speedcast expects to complete the transaction in December 2018, subject to customary closing conditions. Speedcast will issue a further announcement when completion of the acquisition and associated financing occurs.

Toni Lee Rudnicki
Vice President, Global Marketing
Speedcast International Ltd
E: tonilee.rudnicki@speedcast.com
T: +1-832-668-2634
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Nova Minerals Ltd (ASX:NVA) Revised-Potential for a Globally Significant Gold Project at Estelle

December 5, 2018, 10:56 pm
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The directors of Nova Minerals Limited (Nova or Company) (ASX:NVA) (FRA:QM3) are pleased to announce a significant upward revision to the Estelle Exploration Target Estimate (EETE) to 2.2 to 5.3 Moz gold based on the results of the scout drilling and the utilisation of pathfinder element geochemistry obtained from the chip samples/mapping campaign completed this past summer on the Oxide gold prospect.

HIGHLIGHTS

- Pathfinder element geochemistry demonstrates major gold system situated in an emerging large scale gold camp

- Upward revision to the Estelle Exploration Target estimate that will provide additional potential mineralisation to one of 15 significant targets

- Exploration Target* supported by whole rock analysis, chip sample assay assessment, historical drilling, scout drilling, detailed geological modelling and analysis of geophysical data

- Further focused geophysics surveys are planned to refine the existing targets and define new targets for the next round of drilling at Oxide

The new data from Oxide adds an exciting new dimension to the Company's ongoing search for a world-class gold deposit that shares many similar characteristics with the Pebble Project in Alaska. Analysis of all the data collected during the limited summer field season demonstrates that the Oxide project has the potential to host large scale bulk minable mineralisation and the project remains firmly on track regardless of the minor delays in drilling. The Oxide prospect is one of 15 highly prospective occurrences on the Estelle project and these outside occurrences may also host large-scale gold mineralisation.

To view the full release including tables and figures, please visit:
http://abnnewswire.net/lnk/7T3N59D5 

Nova Minerals Ltd
P: +61-3-9614-0600
F: +61-3-9614-0550
WWW: novaminerals.com.au
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White Cliff Minerals Ltd (ASX:WCN) Geochem Survey Defines Large Scale Copper Porphyry System

December 6, 2018, 2:21 pm
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White Cliff Minerals Ltd (ASX:WCN) is pleased to report that it has completed an extensive soil geochemistry survey at the Aucu Gold Project in the Kyrgyz Republic.

Highlights

- Soil geochemical survey defines large scale copper porphyry system

o Copper porphyry core is 1 kilometre in diameter

o Mineralised system is over 8 kilometres in diameter

- Identified gold mineralisation covers 2.4km of strike to the West

- New mapping identifies gold mineralisation to the East and North

The geochemical survey has delineated the core of the copper porphyry system which has a diameter of approximately 1 kilometre. The mineralised zone around this system extends across 8 kilometres and includes the existing JORC compliant Aucu gold resource of 484,000 ounces (2.95Mt at 5 g/t gold).

The central copper porphyry is responsible for both the outlying high grade gold mineralisation and the core copper mineralisation. In a classical copper porphyry system, metals are typically deposited in zones above and around the porphyry depending on temperature and distance from the core of the system. The typical metal zonation from the core to the periphery of the system is: Copper > Molybdenum >Tin >Tellurium > Gold > Bismuth > Arsenic > Antimony >Thallium >Lithium.

At the Aucu Gold project, the central copper porphyry is surrounded by mainly by limestone and granodiorite. Soil sampling and mapping has identified copper-magnetite skarn style mineralisation along the contact of the mineralised porphyry and the overlying limestone. The mineralisation is generated by the interaction of hot mineralised fluids with the colder limestone. Copper grades in the soil results are up to 0.7% copper.

In contrast, gold mineralisation has formed 1-4 kilometres from the core of the system at lower temperatures as the mineralised fluids have flowed out and away for the central porphyry. Mineralisation has developed strongly within sandstone due to its brittle and layered nature. There is a strong association between gold mineralisation within epithermal veins and the distribution of anomalous arsenic results in the soil samples. This relationship has enabled the identification of the new gold and copper zones described in the next section.

New mineralised zones Identified

The survey has also assisted in the identification of new gold and copper anomalies to the North and East of the porphyry system which may indicate additional potential mineralised porphyries and additional structurally controlled gold mineralisation. The Company has conducted detailed mapping and sampling which will be released when assays are available.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/LP7SN0T8 

Todd Hibberd
Managing Director
T: +61-8-9321-2233
E: info@wcminerals.com.au
W: www.wcminerals.com.au
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Cobalt Blue Holdings Limited (ASX:COB) Capital Raising

December 6, 2018, 3:06 pm
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Cobalt Blue Holdings Limited (ASX:COB) (the Company or Cobalt Blue) is pleased to announce it has received firm commitments from investors for a share placement to raise gross proceeds of $1,687,000.

Under the offer 8,435,000 new fully paid ordinary shares will be issued at a price of $0.20 per share and allotted by the Company.

The Placement was managed by lead broker Blue Ocean Equities Pty Limited, and shares are being placed to new and existing shareholders. The Shares are to be issued under the Company's available 15% capacity under ASX Listing Rule 7.1. Capital raised will be applied to help fund the current drilling programme and to provide additional working capital. The share allotment is expected to occur by 14 December 2018 and an ASX Appendix 3B will then be lodged with ASX.

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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Search

Environmental Clean Technologies Ltd (ASX:ECT) Capital Management Update

December 6, 2018, 6:30 pm
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Environmental Clean Technologies Limited (ASX:ECT) (ECT or Company) is pleased to announce that its subsidiary, ECT Finance Limited (ECTF), has signed an agreement for the provision of an AUD 1 million securitisation loan applied to ECTF's equity lending facility (ELF) loan portfolio, with the proceeds of the loan to be used to pay down the wholesale loan to ECT*.

Key points:

- AUD 1 million loan by ECTF to repay wholesale loan to ECT

- Proceeds to be used by ECT to fund operating expenses and commercialisation of Indian and Victorian projects

- Evidence of utility of the ELF book in financing future budget requirements of ECT

- Project bond for India project to be finalised after signing of RCA

In July 2017, ECTF successfully executed the equity lending facility, facilitating the conversion of options to fully paid ordinary shares via the issue of limited recourse loans secured against the shares. This facility was again applied to a subsequent options series in June 2018 (see announcement 27 June 2018).

The ELF loan book within ECTF has a current security value of ~AUD 15.62M, against a wholesale loan from ECT of ~AUD 15.54M.

ECT Finance Chairman, Jim Blackburn commented, "We have been looking at ways that the current loan book can be securitised ahead of individual repayments and with an existing wholesale loan balance of ~AUD 15.54M and a current security value of ~AUD 15.62M, this represents a great opportunity to bring forward repayment of the loans via this method."

Proceeds from the loan to ECTF will be used to repay part of the wholesale loan from ECT, which in turn will be used to fund operating expenses and capital works to support the Company's commercialisation strategy in Victoria and India.

Mr Blackburn added, "This type of lending structure may also be appropriate when it comes time to fund the cash component of the AUD 3.5 million project bond for our India project, the timing for which will be following the signing of the Research Collaboration Agreement (RCA) and prior to the initial funding by our project partners, expected in coming months.

"This approach to financing helps minimise the need to raise fresh equity capital from the market and successful implementation of this current loan underpins the utility and flexibility of maintaining the ELF loan and security book. We want to be clear with our shareholders that there are a good number of options for the Company to furnish the needs of the project bond and that equity capital raisings are furthest from our minds at this stage."

With the securitisation loan fully drawdown, the wholesale loan balance to ECT will be ~AUD 14.54M with an estimated security backing (at 1.25c per share) of ~AUD 15.45M.

The interest rate applied to this securitisation loan is ~16.6% with the lender's own ELF loan position set-off against the interest payment in lieu of cash.

Background - India Project Bond

Timing: The project bond is required to be established following the signing of the RCA and ahead of NMDC and NLCIL's financial contribution to the project account, and thus ahead of construction.

Duration: The duration of the bond will be from commencement of construction to completion of commissioning.

Conclusion: The bond will expire undrawn at the completion of commissioning so long as ECT does not withdraw from the project before this time.

Purpose: The purpose of the bond is to align ECT's financial interest with our project partners over the period in which NLCIL and NMDC will be expending circa AUD 30M in capital funding.

Notwithstanding the above, the bond must be realisable to its value in the unlikely event ECT does not proceed with the project. The Company is exploring funding options, including, but not limited to, further securitisation of the ELF loan book, as outlined above, and strategic partner investment and government funding. 

Glenn Fozard
Chairman
Environmental Clean Technologies Ltd
E: info@ectltd.com.au
WWW: www.ectltd.com.au
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Central Petroleum Limited (ASX:CTP) Appoints Kathy Hirschfeld As New Director

December 6, 2018, 9:06 pm
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Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CPTLF) ("Company" or "Central") announces the appointment of Kathy Hirschfeld as a Non-Executive Director, effective from 7 December 2018.

Ms Hirschfeld is a highly regarded non-executive director, having served on the Boards of a number of companies listed on the ASX, NZX and NYSE, as well as Government and private company boards.

She is currently the Chairman of Powerlink, President of the UN Women National Committee Australia, Senator at the University of Queensland and a Board member of the Australian Institute of Bioengineering and Nanotechnology.

Kathy has also been a Non Executive Director of Energy Queensland, Tox Free Solutions, InterOil Corporation, Broadspectrum and Snowy Hydro.

Previously she had leadership roles with BP in oil refining, logistics, exploration and production located in Australia, UK and Turkey.

Central Chairman Martin Kriewaldt said the Company was fortunate to have someone of Ms Hirschfeld's skills and expertise join the Board.

"Central will benefit from Kathy's industry expertise and engineering background as well as her boardroom experience involving capital raising, debt refinancing, acquisitions, takeover response and CEO succession. She brings invaluable experience in delivering shareholder value, understanding how operations, risk management & commercial decisions interact to deliver financial performance

Kathy was recognised in the AFR/Westpac 100 Women of Influence 2015, by Engineers Australia as one of Australia's Top 100 Most Influential Engineers 2015 and as an Honorary Fellow in 2014. She is a member of Chief Executive Women and a Fellow of the Australian Institute of Company Directors and the Academy of Engineering and Technology.

Kathy is also an executive mentor/coach with Merryck & Co. 

Central Petroleum Limited
T: +61-7-3181-3800
F: +61-7-3181-3855
E: info@centralpetroleum.com.au
WWW: www.centralpetroleum.com.au

Media Enquiries
Helen McCrombie at Citadel-MAGNUS
T: +61-2-8234-0103
M: +61-411-756-248
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Central Petroleum Limited (ASX:CTP) Appoints Stuart Baker as New Director

December 6, 2018, 9:08 pm
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Central Petroleum Limited (ASX:CTP) (FRA:C9J) (OTCMKTS:CPTLF) ("Company" or "Central") announces the appointment of Stuart Baker as a Non-Executive director, effective from 7 December 2018.

Mr Baker has more than four decades of experience in the oil and gas sector and currently provides independent advice to corporates and investors in the Australian oil and gas industry.

Previously he was Executive Director, Morgan Stanley with dual roles as Co-Head Asia Oil, Gas and Chemicals Research and team leader, Australian energy, mining and utility research, with positions held over a 13 year period.

He also held senior positions with research teams at Macquarie Bank and Bankers Trust and as a Petrophysical Engineer at Schlumberger Inc., rising to General Field Engineer.

Central Chairman Martin Kriewaldt said Mr Baker brought practical skills and market insights shaped by more than 40 years of working in the oil and gas industry and the broking and investment banking environments.

"Stuart has a unique set of skills which the Board can harness as the Company executes its plan to deliver transformational growth by nearly tripling Central's gas sales. As a result of his extensive career as an analyst he has a deep understanding of valuing oil and gas assets at the company and field level, combined with invaluable as experience in accessing capital."

Mr Baker is currently a member of the investment committee of resource focused ASX listed Lowell Resources Fund, and is a strategic advisor to Karoon Gas. 

Central Petroleum Limited
T: +61-7-3181-3800
F: +61-7-3181-3855
E: info@centralpetroleum.com.au
WWW: www.centralpetroleum.com.au

Media Enquiries
Helen McCrombie at Citadel-MAGNUS
T: +61-2-8234-0103
M: +61-411-756-248
↧

GoldFund.io Releases Bitcoin Payment Gateway for Acquisition of GFUN Cryptocurrency

December 8, 2018, 9:05 pm
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GoldFund.io announces that it has released the payment gateway to allow cryptocurrency buyers to purchase GFUN (GoldFund) cryptocurrency using Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

The payment gateway operates in real time (subject to blockchain settlement periods) and automatically updates the buyer's GFUN Cryptocurrency wallet with GFUN coins on completion of the transaction.

GoldFund.io ICO is currently in progress with people in over 90 countries participating in the ICO. During pre-ICO GoldFund grew its members (GFUN wallet holders) to over 10,000.

To learn more about GoldFund.io go to:
http://www.goldfund.io

W: www.goldfund.io
T: +61-2-8205-7340
↧

Speedcast International Limited (ASX:SDA) Wins Contract to Deliver VSAT Services to Production and Drilling Platform Fleet in Asia Pacific

December 5, 2018, 5:09 pm
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Speedcast International Limited (ASX:SDA) (FRA:7SC) (OTCMKTS:SPPDF), the world's most trusted provider of remote communication and IT solutions, announced today that it has been awarded a new multi-year contract valued at over US$10 million from one of the region's top multinational operators to deliver fully-managed VSAT communications to a fleet of oil and gas platforms and vessels across Asia.

This customer required a communications solution that could be delivered across its production platforms, drilling rigs and FPSOs in multiple countries, with unique requirements on each asset. Speedcast was awarded the contract for new business to deliver fully-managed VSAT onboard its offshore assets, replacing the incumbent. This solution leverages C-Band advanced VSAT on multiple satellites for highly-redundant coverage and a dedicated SCPC network to ensure security, reliability and network efficiency on each asset.

"The commissioning of our services for these new assets is a testament to the trust we have built with this customer by delivering on their needs in Malaysia and other locations in Africa, while growing the relationship into a more strategic partnership," said Keith Johnson, Speedcast's COO and EVP of Energy. "As one of the Asia Pacific region's top rated fully-managed integrators for the oil and gas market, many drilling companies and operators rely on Speedcast to keep daily operations and revenue-generating activities constantly running. We are thankful that our customer has expanded our relationship and trusts us to serve their fleet of offshore assets in multiple countries."

For more information about our capabilities in Asia, please contact marketing@speedcast.com. 

Toni Lee Rudnicki
Vice President, Global Marketing                                 
Speedcast International Ltd
ToniLee.Rudnicki@Speedcast.com 
+T: 1-832-668-2634
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