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Asia Business News

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    Product authenticity and consumer engagement solutions provider YPB Group Ltd (ASX:YPB) ("YPB") is pleased to provide a market update on its commercial activities in China subsequent to announcements released in recent months.


    - Revenues commencing from new customers signed in September and October

    - Protecting one of the world's largest smartphone manufacturers

    - Presentation at 13th Annual Security Document Summit

    As per announcement released 7 September 2018, YPB entered into a channel partner agreement with Shenzhen Meixin Electronics (Meixin), a company that supplies to one of the world's top three manufacturers of smartphones. YPB is pleased to advise that revenues have commenced from the rollout across tens of millions of product units using YPB's tracer solution to verify the authenticity of componentry that is critical in the electronics supply-chain.

    Further to the announcement released 3 October 2018, initial revenues have commenced through the Chinese Shampoo brand rolling out initially across two million bottles. Following their lead, it is anticipated that other brands serviced by the same plastics and bottling group may be encouraged to adopt YPB's solution, thus potentially expanding revenues from this key channel partner.

    On 3 September 2018 the company announced the signing of CCN technologies, a label supplier to some the world's major automotive groups and petrochemical companies. YPB is pleased to advise that revenues have commenced from an initial rollout across 40 millions labels.

    Based on initial revenues to date from each of these channel partner contracts, the outlook is encouraging for revenues in 2019 CY to meet management expectations disclosed in the announcements referenced above.

    13th Annual Security Document Summit (SDS)

    YPB's CTO Dr. Paul Bisso presented Motif Micro's breakthrough smartphone readability of a forensic anti-counterfeit mark in China for the first time at the SDS held in Beijing October 17th-18th to Government and Industry representatives from 30 countries.

    Chief Executive Officer, John Houston said,

    "With a tightening regulatory regime, rising consumer expectations and brands seeking better market intelligence on consumer buying behaviours and the physical journey of their products, the China market increasingly represents a tremendous opportunity for the distribution of YPB's product authentication and consumer engagement solutions."

    For further information please contact

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    Cryptocurrency Exchange (CRYPTO:BNB) open trading for REN/BTC (CRYPTO:REN) and REN/BNB trading pairs. Users can now start depositing REN in preparation for trading.


    Republic Protocol is an open-source decentralized dark pool exchange. It facilitates cross-chain atomic trades on a hidden order book over the Ethereum and Bitcoin networks. Miners within the protocol run equation solving nodes to earn REN tokens and match orders without revealing the underlying trade until execution. This system creates a trustless trading system for large block orders enabling ERC20, Ethereum and Bitcoin pairs to be executed with minimal price slippage and provides protection from front-running.

    Republic Protocol delivers mathematically-proven security and privacy until execution to dark pools, providing a system for investors and traders to exchange significant amounts of cryptographic assets.

    Max Supply: 1,000,000,000

    Circulating Supply: 626,764,400

    Issue Price: $0.060000

    To view the White Paper, please visit:

    Republic Protocol

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    Byte Power Group Ltd (ASX:BPG) is pleased to provide an update on the Cryptocurrency Exchange developed by its subsidiary, Byte Power Pty Ltd ("BPPL").

    The Cryptocurrency Exchange is open for registrations. This allows users the opportunity to register on the Exchange. All pre-registered users who have provided verification documentation are currently being processed for KYC purposes. Trading has been disabled until we have verified recent updates and completed our security testing.

    Michael Wee
    Company Secretary
    Byte Power Group Limited
    T: +61-7-3620-1688

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    SEEK Limited (ASX:SEK) (OTCMKTS:SKLTY) ("SEEK") today announced the successful refinancing of its syndicated loan facility arranged by HSBC and National Australia Bank comprising revolving facilities of A$625m and US$275m, and two new term loans totalling US$300m.


    - New multi-currency (AUD & USD) syndicated loan facility comprising revolving and term loans

    o Revolving loan facilities (AUD & USD) with tenors of three, four and five years

    o USD term loans with tenors of four and five years

    - Strong support for the syndicated loan facility reflects strength of the business

    - No change to debt covenants and pricing has not changed materially

    SEEK received strong support which resulted in the syndicated loan facility being over-subscribed. SEEK's new syndicated loan facility includes all 9 banks from the previous facility plus the addition of 10 banks from Canada, China, Singapore and Taiwan.

    Key features of the new facilities include:

    Revolving loan facilities

    - Unsecured, senior debt facility

    - Tranche A A$375m (3 years), Tranche B A$250m (4 years), Tranche C US$275m (5 years)

    - No material changes to other key terms or pricing from the previous facility

    USD term loans

    - Fixed term, unsecured, senior debt facility

    - Tranche D US$100m (4 years), Tranche E US$200m (5 years)

    - Terms and conditions consistent with the revolving loan facility

    SEEK continues to operate comfortably within its banking covenants, with Borrower Group net debt at broadly comparable levels to 30 June 2018. (see Note below)

    In discussing SEEK's refinancing, Geoff Roberts, SEEK Group CFO, said

    "This most recent round of refinancing provides SEEK with greater flexibility and diversity in its capital structure. The addition of the new term loans has increased both the capacity and overall tenor of our debt. SEEK has a strong balance sheet and is very well placed to capitalise on both existing and new growth opportunities in the very large Human Capital Management market. SEEK received very strong support for the refinancing which is testament to its medium to long-term growth profile and cash generation."

    Note: SEEK Limited Borrower Group net debt of A$806.8M at 30 June 2018 (refer Note 7, page 74 of SEEK Limited's 2018 Annual Report)

    Investor/Analyst enquiries
    Geoff Roberts
    SEEK Limited
    Phone: +61-3-8517-4484 
    Media enquiries
    Sarah Macartney
    SEEK Limited
    Phone: +61-433-949-639

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    In this segment of The Ellis Martin Report, Ellis chats with Jordan Trimble, the President and CEO of SkyHarbour Resources (CVE:SYH) (OTCMKTS:SYHBF) about new drill results showing high-grade uranium mineralization in the company's Moore Flagship Project in Canada's Athabasca Basin.

    To view the Video Audio, please visit:

    Nick Findler
    Telephone: 604-639-3850
    Toll Free: 1-800-567-8181
    Fax: 604-687-3119
    The Ellis Martin Report
    T: +1-310-430-1388

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    The PlayChip Foundation has announced the listing of its PlayChip token on Independent Reserve, Australia's first regulated cryptocurrency exchange.

    PlayChip will be the first Australian ERC20 token and first gaming token to be listed on Independent Reserve. The token will be paired with three fiat currencies - AUD, USD and NZD, allowing for users of the PlayChip to convert directly from the token into cash following the winning and withdrawal of tokens.

    The listing has been scheduled for January 2019, with a firm date to be announced prior to the end of this year.

    The PlayChip will serve as a utility token at the core of an online gaming ecosystem that already consists of eight platforms. The ecosystem supports a user base of over 1,000,000 in over 70 different nations, and is on track to turn over a combined US$430m per annum.

    The listing of the PlayChip by Independent Reserve is a nod to the strength of the project despite 2018 considered as a difficult year for cryptos. The Q3 report from evaluation agency ICO Rating showed that over half of the Q3 token sales in 2018 failed to raise $100,000, with only 4% going on to receive exchange listings.

    The third listing announcement for the budding token before going live was hailed by PlayChip Foundation board member Daniel Simic.

    "We are very pleased to strike such a crucial partnership with such a highly regarded exchange," he said.

    "Our token holders have been very vocal about their wish to minimise the steps required from converting their PlayChip tokens for cash. The process can be quite difficult for those new to crypto so it is fantastic that this process can be simplified for them."

    Independent Reserve COO Lasanka Perera noted the strength of the project and its capacity to improve the transparency and efficiency of online gaming.

    "We are very pleased to list the PlayChip token on our exchange platform," he said.

    "The project has been a shining light in the token market this year. We are confident the solid business foundation behind this project will allow for it to become a highly recognisable brand in both the crypto and online gaming markets."

    PlayChip's stated mission is to deliver the world's biggest incentivised, blockchain-enabled sports community and gaming ecosystem. The project has received recognition throughout 2018 as the recipient of the Draper Hero's Choice Award at the Blockchain Economic Forum in San Francisco, and was also a finalist in Token Match's Whale Tank Event featured on CNBC's Crypto Trader program.

    About Independent Reserve

    Established in 2013, Independent Reserve is an Australia's first institutional grade cryptocurrency exchange with an orderbook enabling Australian and NZ clients to securely trade, invest and hold digital currencies.

    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 eight 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:

    or read the PlayChip Whitepaper:

    Liam Kirby
    PlayUp Content Manager
    M: +61-478-742-910

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    YPB Group Limited (ASX:YPB) ("YPB" or "the Company") is pleased to announce the appointment of Mr. Anoosh Manzoori as a Non-Executive Director with immediate effect.

    Mr. Manzoori has 20 years experience as an investor and advisor, specialising in fastgrowth technology companies. He is a director of M&A corporate advisory firm Shape Capital and the Executive Chairman of First Growth Funds Limited (ASX:FGF) that led the recent $1.5M convertible note investment in YPB.

    Mr Manzoori is one of the most active investors and corporate advisors in the blockchain and digital assets industry in Australia. He provides YPB with access to strong local and international networks to help support the YPB token launch and commercialisation.

    Previously, Mr Manzoori founded one of Australia's largest cloud hosting companies reaching over 75,000 customers before selling the company to MYOB Limited in 2008.

    Mr Manzoori holds a Bachelor of Science degree and a Graduate Diploma of Business Enterprise and is a member of the Australian Institute of Company Directors. He also serves as a Non-Executive Director of CCP Technologies Limited (ASX:CT1).

    YPB Chairman and CEO, John Houston said,

    "We are very excited to have Anoosh joining us at this pivotal time in the Company's journey as we seek to scale our commercial growth, incorporate blockchain and continue the development of our world-leading Motif Micro technology. Anoosh brings a wealth of corporate and commercial knowledge and experience as well as a global network of contacts."

    For further information please contact

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    Intermin Resources Limited (ASX:IRC) ("Intermin" or "the Company") advises that a resolution has been reached with mining contractor Resource Mining Pty Ltd ("Resource Mining") over claims received by Intermin from Resource Mining relating to the recently completed Teal gold mine Stages 1 and 2.

    The Teal Gold Mine was mined under a risk share - profit share structure with Resource Mining(see Note 1 below). Intermin and Resource Mining co-funding development on a 50:50 cost and risk share basis to first gold production, with the net operating cash flow thereafter as determined under the agreement between the parties to be shared 75% to Intermin and 25% to Resource Mining.

    The Company outlined in its announcement to the ASX on 24 October 2018 that it had received cost variation claims from Resource Mining relating to Teal Stage 1 and Stage 2 and that the Company's Representative had made and delivered a determination in relation to the cost variation claims. The claims and the determination were not agreed between the parties and the Company reported that it was working to resolve this matter.

    Intermin and Resource Mining have now agreed to a full and final settlement of this matter. The total disputed variation claims amount(see Note 2 below) was split on a 50:50 basis, while the remaining net operating cash was split 75% to Intermin and 25% to Resource Mining as originally agreed under the mining contract between the parties.

    After disbursement of monies to both parties from the project joint bank accounts, Intermin's cash and investments (including GST credits) will total approximately A$7.8 million.


    1 As announced to the ASX on 19 July 2016

    2 As announced to the ASX on 24 October 2018

    Jon Price 
    Managing Director
    Tel: +61-8-9386-9534
    Michael Vaughan
    Media Relations - Fivemark Partners
    Tel: +61-422-602-720

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    Investigator Resources Limited (ASX:IVR) is pleased to announce that Ms Melanie Leydin has been appointed as joint Company Secretary. Ms Leydin will commence the role on this day together with the currently appointed Company Secretary, Mr Angelo Gaudio.

    Ms Leydin is a Chartered Accountant and the founding director of Leydin Freyer, an independent firm specialising in company secretarial and accounting services for ASX listed companies.

    Mr Angelo Gaudio
    Company Secretary
    Investigator Resources Limited
    T: +61-8-7325-2222

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    Kingston Resources Limited (ASX:KSN) (Kingston or the Company) is pleased to announce further high-grade gold assays in surface geochemistry at the Company's Misima Gold Project (KSN 70%).


    - Trenching at east Ginamwamwa extends large area of high-grade shallow gold:

    o 14m @ 17.0g/t Au with fine visible gold

    o 2m @ 140.0g/t Au

    o 12m @ 9.68g/t Au

    - Structural mapping ongoing in preparation for drill testing in early 2019

    Sampling on recent trenches on the eastern side of the Ginamwamwa prospect has encountered grades as high as 140.0g/t Au along strike from visible gold in artisanal workings, as announced in September 2018(see Note below). In the same trench, fine visible gold in quartz was observed in high-grade samples within a 14m zone of mineralisation averaging 17.0g/t Au. Further east of this occurrence and on the same trend, a second trench intersected a zone of 12m @ 9.68g/t Au. Highlights include:

    - 14m @ 17.0g/t Au, at surface

    o Including 6m @ 33.27g/t Au

    - 2m @ 140.0g/t Au, at surface

    - 12m @ 9.68g/t Au, at surface

    o Incl. 8m @ 14.2g/t Au

    Surface mapping is ongoing over the eastern area of Ginamwamwa, and the field team is completing a program of auger sampling over the main mineralised trend to add definition to the surface mineralisation. The Company intends to undertake drill testing in early 2019.

    Kingston Resources Limited Managing Director, Andrew Corbett said: "Ginamwamwa is continuing to deliver some amazing gold grades near surface. We are seeing bonanza gold grades immediately west of some artisanal workings where we identified gold in veins in September, and 100m further east of that, on the other side of the creek we are seeing more high grades in an intersection of 8m @ 14.2g/t with individual samples up to 39g/t. We are really looking forward to drilling Ginamwamwa in the New Year."

    Note: ASX announcement 26/09/2018 "Visible gold at Ginamwamwa"

    To view tables and figures, please visit:

    Kingston Resources Limited
    T: +61-2-8021-7492

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    Platina Resources Limited (Platina or the Company), (ASX:PGM) (OTCMKTS:PTNUF) is pleased to provide an update on the Skaergaard project in Greenland.

    The Company owns 100% of the Skaergaard project in Greenland which is one of the world's largest undeveloped gold and palladium deposits outside of South Africa and Russia. The Company has historically invested more than $16 million in the development of the asset including drilling, metallurgy and technical studies.

    In July 2013, the Company reported a JORC compliant Mineral Resource estimate of based on metal price assumptions of US$1,400/oz for gold and platinum, and US$560/oz for palladium (refer ASX release dated 23 July 2013). In the last five years, the price of palladium has increased from US$736/oz to US$1,250/oz.

    Moreover, during the year, the Company also received a number of highly conditional, non-cash, offers for the project. To ensure the best outcome for shareholders, the Company engaged an experienced advisor to assist in a review of the offers received. In light of the advisors recommendations and the recent increase in the Palladium price, the Company is going to engage a suitably qualified technical advisor to prepare a Scoping Study for the project. The Scoping Study will define the potential development options available for the project.

    Corey Nolan, Managing Director of Platina Resources stated, "The Company believes that a Scoping Study will provide a basis for evaluating the potential development options for the project so it can make an informed judgement about the best future path forward for the project".

    Corey Nolan 
    Managing Director
    Tel: +61-7-5580-9094

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    Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Deep Yellow) advises the completion of the 2018 exploration drilling program carried out on its Nova Joint Venture project, Namibia (Nova JV) where Japanese Japan Oil, Gas and Metals National Corporation (JOGMEC) is earning a 39.5% interest on expenditure of A$4.5M. The drilling program started on 4 October and was suspended on 14 December 2018 to allow for the Christmas break.


    - 2018 exploration drilling campaign completed on EPLs 3669 and 3670 with 122RC holes involving 4,874m.

    o Targets focussed on calcretes within palaeochannels and alaskites in basement rocks.

    - Drilling encountered encouraging results in palaeochannels on both EPLs.

    o On EPL3670 uranium mineralisation was intersected in previously unexplored Day Gecko palaeochannel.

    - At the Iguana Prospect on EPL 3669 four of seven drill holes intersected narrow uranium mineralisation including:

    o TN0109RC 10m at 136ppm eU3O8 from 38m

    14m at 184ppm eU3O8 from 74m

    o TN0111RC 10m at 187ppm eU3O8 from 27m

    The overall drilling campaign was designed to follow up encouraging drilling results from 2017 at the Namaqua palaeochannel and to test other channels in addition to various basement targets defined by the 2018 airborne spectrometric and magnetic survey. Four basement targets and six palaeochannels (including Namaqua) were targeted for this investigation. This exploration drilling totalled 4,874m and involved 122 RC holes. Figure 1 (see link below) shows the Nova JV tenements - EPLs 3669 and 3670. Figure 2 (see link below) shows the exploration target locations where drilling occurred in 2018. Results of drilling at Bungarra, Monitor and Berger's Channels along with basement targets at Cape Flat, Agama and Meerkat Hill recorded little or no mineralisation and drill hole locations for these areas are referred to in Appendix 1. Results of those targets where notable uranium mineralisation was encountered are in the Namaqua, Bowsprit and Day Gecko palaeochannel areas as well as the Iguana Basement target and are referred to in Figures 3 to 7(see link below). Appendix 1, Table 1 (see link below) lists all drill hole information.

    Palaeochannel Targets

    The reinterpretation of an earlier flown VTEM survey identified previously unknown palaeochannels on both EPL 3669 and 3670. Their geophysical similarities to other mineralised palaeochannels in the region and the identification of uranium mineralisation at Namaqua in 2017 encouraged continuing testing for calcrete-associated uranium mineralisation in these channels.

    42 holes were completed at Namaqua following up on mineralisation identified in 2017. This was carried out on four lines for 1,140m (Fig. 3). The objective was to establish the extent of the palaeochannel calcrete-hosted mineralisation located in 2017 where three drill holes (TN035 to TN037) of drill section 7483400mN intercepted uranium mineralisation averaging 220ppm eU3O8 over 3.5m between depths of 18 to 23m.

    This year's drilling identified weak uranium mineralisation in two drill holes (TN063RC and TN075RC) on two lines to the south of the 2017 discovery and extended the NW-SE trending mineralisation over a strike length of approximately 500m. Relatively low grades and narrow thicknesses were encountered, the best intersection at a 75ppm U3O8 cut-off is 3m @ 107 ppm in TN075RC. No mineralisation was identified on the northern drill section.

    A gap remains between TN074RC and TN063RC where drilling could not be completed due to access problems. This gap will be infilled next year.

    Figure 3 (see link below) shows the drill hole locations, interpreted palaeochannel and the Namaqua Prospect in the north of EPL

    At the previously unexplored Day Gecko Channel (Fig 4 and 5) on EPL 3670, drilling totalling 11 holes for 107m intersected promising uranium mineralisation in hole CH065RC including 5m averaging 60ppm eU3O8 over 5m peaking at 320ppm which requires follow-up work.

    20 holes were completed on the Bowsprit channel for 644m with an average hole depth of 32m. The holes tested the southern extension of the Namaqua channel. Two adjacent holes (TN101RC & 106RC) intersected 3m intervals of
    All drill holes testing palaeochannel targets are detailed in Appendix 1, Tables 1 and 2 (see link below).

    Basement Targets

    Four targets were identified from airborne geophysics with detailed ground follow-up which indicated potential for uranium mineralisation in the basement rocks. A total of 17 drill holes for 1,648m was drilled on these targets. These holes are listed in Appendix 1, Table 2 (see link below) along with other drill hole information.

    At Iguana on EPL3669 ground follow-up of an airborne radiometric anomaly identified three northwest trending sets of distinctly dark grey or black uranium bearing quartz veins. Seven holes for a total of 589m were completed to test these targets. Figure 6 (see link below) shows the drill hole locations with respect to the surface radiometric anomalies and Figure 7 (see link below) shows the drill hole cross-section through RC drill holes TN108 and 108.

    Uranium mineralisation was recorded in four of the seven holes. The results are listed in Table 1 (see link below). Significant for future exploration is that the best intersections (10m @ 136ppm and 14m at 185ppm U3O8 in TN109RC, see Figure 7 in link below) were encountered in an area lacking a substantial surface radiometric response, indicating that increased mineralisation at depth can occur at this locality. Equivalent uranium values were determined from the fully calibrated Auslog down-hole gamma logging unit.

    Drilling at Iguana has confirmed that substantial black quartz-vein hosted uranium mineralisation in three separate locations persists to depth. Limited follow-up drilling is planned to better define the potential of this mineralised system. The vein system seems to trend under cover of recent sediments towards the North-West. The extension of this needs to be tested by further drilling.

    On EPL3670 three radiometric basement targets at Cape Flat, Agama and Meerkat Hill were investigated in detail. All 3 showed extensive surface uranium-associated radiometric anomalies varying in size from 400x100m (Cape Flat) to 1,500x300m (Agama and Meerkat Hill). Secondary uranium minerals were identified in the soil at all of them.

    Three angled drill holes at each of Cape Flat and Agama and four holes at Meerkat Hill were aimed to undercut the radiometric anomalies. Results at all prospects were very similar as only weak, narrow uranium anomalism was encountered.

    Figures 2 (see link below) shows the locations of all basement prospects and drill hole details including locations, depth and directions are listed in Appendix 1, Tables 1 and 2(see link below).


    The follow-up drilling at Namaqua did not identify any economic uranium mineralisation at this stage, however the indication that previously unexplored (and unknown) palaeochannels are fertile and carry uranium mineralisation at Bowsprit and Day Gecko is regarded as a positive development. Although exploration drilling did not encounter economic uranium mineralisation, the identification of calcrete associated mineralisation within the palaeochannels in the Nova JV area is considered significant as this has confirmed the prospectively of the system of palaeochannels that has been identified. Further drilling is planned in 2019 to explore previously untested palaeochannels in the Nova JV area.

    The north-western extension of Iguana which is blanketed by extensive cover will be explored by shallow bedrock drilling to isolate specific targets for follow-up RC drilling. RC drilling will also be used to continue to explore the newly identified prospective palaeochannels on EPLs 3669 and 3670 which remain untested.

    To view tables and figures, please visit:

    John Borshoff
    Managing Director/CEO
    T: +61-8-9286-6999

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    Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Deep Yellow) is pleased to announce that the resource infill drilling in the Tumas 3 West area, testing a southern palaeochannel tributary was completed. In addition a short exploration program in the Tumas Central palaeochannel commenced and stopped due to the Christmas break. Drilling will resume in February 2019 to complete this work. Uranium mineralisation has been confirmed within the tributary channel and in the area explored at Tumas Central. EPL 3496, within which this drilling occurred is held by Reptile Uranium Namibia (Pty) Ltd, part of the group of companies wholly owned by Deep Yellow.


    - Tributary palaeochannel infill resource drilling in Tumas 3 West area completed with 81 holes for 2,499m.

    o 2.2km of continuously mineralised channel identified will now be considered for inclusion in the forthcoming resource estimation work.

    o 81 infill holes drilled, 29 returned >100ppm eU3O8 over 1m.

    - Best intersections include;

    o T3W0029: 10m at 627 ppm eU3O8 from 13m

    o T3W0063: 3m at 403 ppm eU3O8 from 17m

    1m at 134 ppm eU3O8 from 25m

    1m at 215 ppm eU3O8 from 31m

    - Encouraging exploration drilling results 6km to the NW of Tumas 3 deposit where testing started on the Tumas Central palaeochannel with 8 holes and will resume in February 2019.

    - A new Mineral Resource Estimate for Tumas 1 East and Tumas 3 West is expected in Q1 2019.

    - Mineralisation is calcrete-associated hosted within palaeochannels, similar to the Langer Heinrich uranium mine located 30km to the north.

    Since the last drilling update (as reported 28 November 2018) 89 holes have been drilled from 23 November to 15 December 2018 for 2837m. This completed the resource definition drilling on a tributary in the Tumas 3 West area with exploration drilling starting in the central section of the main Tumas palaeochannel (Tumas Central).

    This work marks the completion of the 2018 drilling campaign. Figure 1 (see link below) shows the prospective paleochannel system outline and prospect locations.

    Tumas 3 West Resource Drilling

    81 RC holes involving 2,499m of drilling has been completed for the resource definition drilling over a tributary channel entering the main Tumas palaeochannel from the South.

    The mineralised channel that has been identified is between 100m to 500m wide and 2.2km long. The mineralisation is situated in a zone ranging from 5 to 30m below surface. None of this mineralisation shows any surface radiometric expression.

    The 81 RC holes drilled since 23 November will now be considered for resource estimation. Of these 81 holes, 29 (or 36%) show uranium mineralisation above 100ppm eU3O8 over 1m. The average grade, at a 200 ppm eU3O8 cut-off over 1m, is 411ppm with an average thickness of 3m. This is well within the range of the 300 to 500ppm target grade that is being sought. In places the mineralisation reaches a thickness of up to 10m at 627 ppm eU3O8 (T3W0029).

    Drill hole and channel locations are shown in Figure 2 (see link below). Figure 3 (see link below) shows a drill cross-section through the tributary indicating the continuity and thickness of mineralisation.

    Mineralised intersections from the current reporting period that are above the 100ppm U3O8 over 1m cut-off are tabulated in Table 1, Appendix 1. Table 2 in Appendix 1 lists all holes drilled in this period. The equivalent uranium values are based on down-hole radiometric gamma logging carried out by a fully calibrated Aus-Log gamma logging system.

    Semi-Regional Exploration Drilling

    8 RC holes involving 338m have been completed in the Tumas Central palaeochannel, 6km NW of the current Tumas 3 deposit (Fig 2 NW corner). Testing of this area is incomplete as drilling had to be suspended due to the Christmas break. The area is one of the seven semiregional exploration targets which were identified early in the year but this particular priority zone could not be tested previously due to access problems which has now been resolved. The area covers the confluence of two channels and shows some surface radiometric anomalism over the main palaeochannel.

    Two short lines were drilled across the channel with exploration drill hole spacings of 200m along the lines. Uranium mineralisation was encountered on all cross-lines. Four of the eight exploratory drill holes showed uranium mineralisation greater than 100ppm eU3O8 over 1m. The average grade of which was 227ppm.

    Figure 2 (see link below) shows the exploration drill hole locations in relation to the Tumas 3 discovery and the Tumas 3 West drilling.


    The resource infill drilling has been successful, confirming the presence of 2.2km of continuously mineralised palaeochannel. Including previous exploration drilling, in total, 247 RC holes for 7,100m were completed over the Tumas 3 West Southern tributary. The results will now be included in a new Mineral Resource Estimate expected to be completed in early 2019.

    Drill spacings used have varied from 50m to 100m along lines 100m apart. Of these holes, 85 or 35% returned positive results of more than 100ppm eU3O8 over 1m. The average grade of the 1m intersections >200ppm U3O8 cut-off as used in the previous Mineral Resource Estimates is 399ppm. The average thickness is close to 4m.

    The results of the ongoing exploration are regarded as very encouraging. This drilling of the previously unexplored, central part of the Tumas palaeochannel system again has identified a new calcrete-type uranium mineralisation at shallow depth which will require further exploration drilling to define the possibility of economic accumulations.

    Significantly, the new uranium mineralisation identified at Tumas Central has opened the potential for further mineralisation within the central part of the main palaeochannel along an extensive strike length.

    The ongoing work again confirms that the uranium mineralisation is not confined to one simple, single channel but rather is associated with a complex palaeodrainage system containing several channels and tributaries.

    This fourth drilling campaign once again has emphasised the strong exploration potential of the extensive, uranium-fertile palaeochannel system within which the new Tumas palaeochannel discoveries occur.

    An updated Inferred Mineral Resource Estimate for the Tumas 1 East Zone, in conjunction with Tumas 1 & 2 and Tumas 3 West is expected to be delivered in early 2019.

    CEO Comment

    John Borshoff commented: "This latest drilling on the Reptile Project which marks the end of the CY2018 drilling campaign has finished on a high note with identification of yet another mineralised tributary paleochannel and identification of a new zone of interest in the Tumas Central area. The positive results from the southern tributary channel will not only add to our growing palaeochannel resource base but confirms the very high exploration potential of the Tumas palaeochannel system which will continue to be the focus of activity for 2019."

    To view figures, please visit:

    John Borshoff
    Managing Director/CEO
    T: +61-8-9286-6999

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    Thundelarra Ltd (ASX:THX) (OTCMKTS:TLXPF) provides the Company's Annual Report 2018.


    Dear Shareholder

    It gives me great pleasure to present the 2018 annual report for Thundelarra Limited (Company) but it has been a tough year to say the least for junior exploration companies.

    The corporate and exploration strategies we have put in place over the past two years, starting with the decision to acquire Red Dragon's gold assets near Meekatharra in the Murchison district of Western Australia, have proved prudent and well-judged. They also demonstrate the capacity of your executive team to think ahead and to plan effectively for different market outcomes.

    Shareholders in exploration companies recognise that exploration is a high risk game, but it is the potential for high rewards that attracts both investors and explorers. To have any chance of delivering such rewards, explorers MUST put money into the ground to test geologically solid concepts and targets in a systematic and technically rigorous fashion. Your Company recognises this and so manages your cash reserves prudently, while ensuring that at least two thirds of every dollar spent is spent on active exploration - "dollars in the ground".

    Garden Gully and our other gold projects remained as our current principal exploration focus for 2018. During the year a total of $4,177,164 was spent on exploration and evaluation of the Company's gold projects with the focus being at the Garden Gully gold project. Two major drilling campaigns were carried out at Garden Gully during the year that included air core, reverse circulation and diamond drilling programmes, 17 diamond holes, 67 reverse circulation holes and 274 aircore holes were completed, including a small reverse circulation programme at Sophie Downs. In total, your Company drilled 358 holes for 31,695 metres. This is a significant performance for a junior exploration company and clearly demonstrates our commitment to aggressive exploration, especially during tough market conditions.

    Additional information in relation to the exploration activities carried out on the Company other gold projects are provided in the CEO's review of operations section of the Annual Report.

    As shareholders are aware, last year Mr Richmond (Richmond) decided to exercise his pre-emptive right and so replace Sandfire Resources in a new joint venture arrangement on the basis of the Company holding 90% and Richmond 10%. Richmond paid $1.5 million cash to the Company and agreed to carry out $1.5 million of exploration expenditure at Red Bore before late January 2019. Achieving that exploration condition itself does not earn Richmond any additional interest, but does provide him with the mechanism to earn a further 75% interest in Red Bore if he continues to sole fund all exploration through to definition of a 2012 JORC resource of at least 30,000 tonnes of contained copper or copper equivalent. Your Company is free-carried until production commences.

    Thundelarra has exciting exploration targets [and has the money to be able] to explore them effectively and efficiently for the coming year. This maintains our position as one of a relatively select group of companies that continue to be active explorers. Our exploration strategy continues to bear testament to the technical rigour applied by our geological team.

    In October 2018, that Company announced the signing of a binding Sale Agreement to acquire the Abbotts gold exploration project from Doray Minerals Limited. The Abbotts gold project comprises of 13 granted tenements that cover approximately 450 square kilometres, surrounds and abuts the Company's Garden Gully project and provides the Company with a combined project area of approximately 530 square kilometres.

    I would like to take this opportunity to thank our hard working management team, Board of Directors and our geological and administrative staff. Also, thank you to you our loyal Shareholders for your continued faith in what we are trying to achieve. I ask that you support the resolutions proposed for the Annual General Meeting and respond by having your proxies voting in favour of those resolutions lodged at an early date.

    Going forward in 2019, your Company has exciting projects to explore and we will continue to do everything within our power to ensure that your continuing confidence is not misplaced.

    To view the full report, please visit:

    Mr Tony Lofthouse
    Chief Executive Officer
    Telephone: +61-8-9389-6927

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    MMJ Group Holdings Limited (ASX:MMJ) (OTCMKTS:MMJJF) ("MMJ") notes that its shares were placed into suspension by the Australian Securities Exchange ("ASX") on 13 December 2018 pending the result of further enquiries by the ASX regarding MMJ's cash position and capital raising intentions.

    Fundraising Considerations

    Since late November 2018, MMJ has been exploring options to raise capital to fund new acquisitions in the cannabis sector following the recent decline in its listed cannabis securities.

    This evaluation was consequence of the share prices of its listed investments in Harvest One Cannabis Inc and MediPharm Labs Inc materially declining in line with other listed cannabis companies in Canada.

    The Board decided that it may not be in the interests of shareholders to seek to sell further shares in these listed investments (at the current prevailing prices) to fund new investments.

    Accordingly, MMJ approached the ASX with a view to clarifying the possibility of a future capital raising to fund further investments as well as additional funding for the exercise of warrants/options in MMJ's existing investments. To this end, MMJ made submissions to the ASX on 30 November 2018 seeking a waiver from ASX Listing Rules 7.1 and 10.11 to enable it to issue shares under a share purchase plan ("SPP") prospectus, without the requirement to obtain shareholder approval, such that the Company could undertake the SPP in line with ASX Listing Rules 7.2 (exception 15) and 10.12 (exception 8) (Waiver).

    The ASX did not grant the requested Waiver and suspended MMJ's shares pending the outcome of ASX's assessment of MMJ's request to raise capital within a relatively short period of relisting as a listed investment company in November 2018.

    The ASX has confirmed that MMJ's securities will be reinstated to official quotation by the ASX following the release of this announcement.

    Rationale of the SPP

    MMJ's Board of Directors ("Board") has decided to take the opportunity to announce the intention to launch a SPP, subject to MMJ shareholder approval at a meeting to be called and then held as soon as practicable in early 2019. As MMJ's shares have been suspended for more than 5 trading days in the last 12 months, the company may only proceed with a SPP offer through a prospectus.

    If approved by shareholders, the SPP is expected to give all of MMJ's eligible Australian shareholders the opportunity to purchase up to $15,000 worth of shares each at a price to be determined by the Board.

    The Board believes that a SPP is the fairest and most efficient means of raising equity from its existing shareholders.

    Further details of the SPP, including the issue price, will be announced by MMJ next year at the time of issuing the prospectus.

    In reaching the decision to launch an SPP, the Board took into account the following:

    - MMJ's current unaudited cash balance is $2.57 million and is expected to fund its budgeted operations for the next 15 months excluding any cash received from future asset sales or capital raisings;

    - While MMJ has the ability to sell some or all of the shares held in its listed public company investments (namely, at this time, Harvest One Cannabis Inc and MediPharm Labs Inc) on-market (should it be deemed by the Board to be in the best interests of shareholders to do so), it does not currently consider that it would be prudent to liquidate these investments at a time when the Canadian cannabis market is trading at historical lows; and

    - MMJ continues to be invited to invest funds into the Canadian and Australian cannabis market in line with its investment mandate and, in light of the recent fall in the share prices of its listed public investments, believes that it is in the best interests of shareholders to raise equity funds from its existing shareholders so that MMJ can be better positioned to participate in such investment opportunities.

    Commenting on the suspension and planned SPP, MMJ's Chairman Peter Wall said "The Board regrets the recent suspension of MMJ's shares by the ASX. We have worked diligently to respond to their subsequent enquiries in order for MMJ's shares to be reinstated to trading as soon as practicable. Whilst our current cash position is robust and provides more than a year of budgeted corporate working capital, the planned SPP is expected to position MMJ to both participate in further cannabis sector investment opportunities and enable us to patiently manage our existing portfolio. We look forward to providing further details regarding the SPP to our shareholders early next year."

    Investor and Media Enquiries:
    Jason Conroy
    Chief Executive Officer
    T: +61-2-8098-0819

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    Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) (LNGL or the Company) has extended the validity period of its current binding engineering, procurement, and construction (EPC) contract with KSJV (a KBR - SKE&C joint venture led by KBR) for its 100% owned subsidiary, Magnolia LNG, LLC (Magnolia LNG). The binding lump sum turnkey (LSTK) EPC US$4.354 billion contract is now valid through June 30, 2019.

    The initial agreement with KSJV was signed on 16 November 2015 with an installed capacity EPC cost/tonne range of US$495 to US$544 based on final design at final investment decision (FID).

    Magnolia LNG continues to be well positioned to lead the next generation of U.S. LNG export projects. The project is construction-ready, having secured equity financing, FERC Notice to Proceed, U.S. Department of Energy non-FTA and FTA export approval, and a LSTK EPC contract.


    Magnolia LNG proposes to construct and operate up to four liquefaction production trains, each with a capacity of 2.2 mtpa or greater using the Company's patented OSMR(R) LNG process technology. Construction and operation includes two 160,000 m3 full containment storage tanks, ship, barge, and truck loading facilities, and supporting infrastructure. The LSTK EPC contract includes all elements of the project necessary to bring the facility into full guaranteed production operations. Magnolia LNG is fully permitted, having received its FERC Order and both FTA and non-FTA approval from the DOE. Final investment decision and initiation of construction is expected upon execution of sufficient offtake agreements to support financing.

    Mr. Micah Hirschfield
    Sr. Manager, Communications and Investor Relations
    Liquefied Natural Gas Limited
    T: +1-713-815-6920
    Mr. Andrew Gould
    Joint Company Secretary
    Liquefied Natural Gas Limited
    T: +61-8-9366-3700

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    Intermin Resources Limited (ASX:IRC) ("Intermin" or the "Company") is pleased to announce drilling results from Intermin's 100% owned Blister Dam Gold project, located on the Zuleika and Kunanalling shear zones 65km northwest of Kalgoorlie-Boulder in Western Australia (see Figures 1 and 2 in link below).


    - Exploration drilling program completed at the 100% owned Blister Dam gold project, 65km northwest of Kalgoorlie-Boulder in the Western Australian goldfields

    - Drilling comprised 56 holes for 6,954m to an average depth of 120m

    - Positive results obtained at Argo, Atlantic and Loran (see Figure 1 in link below) with significant intercepts including(see Note 1 below):

    o 6m @ 5.97g/t Au from 66m (BDRC18001 - Argo)

    o 12m @ 4.03g/t Au from 16m (4m composite, BDRC18003 - Argo)

    o 7m @ 1.54g/t Au from 59m (BDRC18008 - Atlantic)

    o 9m @ 1.56g/t Au from 69m (BDRC18024 - Atlantic)

    o 10m @ 1.26g/t Au from 58m (BDRC18026 - Atlantic)

    o 5m @ 1.47g/t Au from 66m (BDRC18010 - Loran)

    - Geological mapping and sampling of the Chadwin-Loran-Argo area has commenced with a view to improving the local stratigraphy and mineralisation model

    - Seven deep RC holes were also drilled as part of the new discovery, EIS co-funding scheme

    - Follow up drilling planned in the first half of 2019

    Commenting on Blister Dam results, Intermin Managing Director Mr Jon Price said:

    "These latest drilling results continue to demonstrate the prospectivity of the northern region of the Zuleika shear which remains relatively unexplored in comparison to the southern region which has delivered new open cut and underground discoveries and high margin producing mines. We look forward to building on these encouraging results with follow up drilling planned for 2019."


    During 2017, 21 targets were identified at Blister Dam. These were based on interpreted structures, geological contacts, historic drilling and geochemical signature. Nine of these targets were drill tested with 46 Reverse Circulation ("RC") holes drilled for 4,120m in 2017 to an average depth of 90m(see Note 2 below). Subsequently in 2018, Intermin conducted follow up drilling at the more promising prospects including Atlantic, Argo and Seven Seas. First pass drilling was also conducted at three additional targets including the historical Chadwin workings, Loran and Atlantic South.

    An Induced Polarisation ("IP") survey was also completed in 2017 to define several new targets. An Exploration Incentive Scheme (EIS) grant of $60,000 was approved in January 2018. The proposed drill holes targeted several low order conductor anomalies at the Atlantic and Seven Seas areas.

    The bulk of the 2018 drilling was directed at the Atlantic prospect and followed up on the 2016 drilling. Significant 2016 results included (see Note 3 below):

    - 17m @ 1.01g/t Au from 59m (BDRC1603)

    - 4m @ 3.13g/t Au from 80m (BDRC1604)

    - 4m @ 1.30g/t Au from 56m (BDRC1602)

    In addition, historical drilling had identified broad sequences of low grade, shear hosted mineralisation (0.4-0.9 g/t Au) which was confirmed in the recent drilling including(see Note 1 below):

    - 56m @ 0.60g/t Au from 54m (BOH 0.57 g/t Au from 109-110m, BDRC18029)

    - 53m @ 0.69g/t Au from 60m (BDRC18028)

    - 68m @ 0.82g/t Au from 56m (BDRC18008)

    Within these low grade zones, there are a number of discrete higher grade shoots. The best of these was BDA153 (14m @ 2.90g/t Au from 62m)(see Note 1 below). Historic wide spaced drilling centred on BDA153 returned no significant results to date.

    The drill grid was reduced to intercept the cross structure thought responsible for this mineralisation enabling improved modelling of the ore zone (see Figure 3 in link below). Better results included(see Note 1 below):

    - 7m @ 1.54g/t Au from 59m & 14m @ 1.09g/t Au from 79m (BDRC18008 - Atlantic)

    - 9m @ 1.56g/t Au from 69m (BDRC18024)

    - 10m @ 1.26g/t Au from 58m (BDRC18026)

    - 1m @ 4.08g/t Au from 54m, 8m @ 1.27g/t Au from 66m & 4m @ 1.16g/t Au from 93m (BDRC18029)

    The strike length was also tested by three holes 40-240m along the south eastern strike. Two of the holes recorded anomalous mineralisation including 4m @ 0.62g/t Au from 108m (BDRC18009) and 4m @ 0.88g/t Au from 88m (BDRC18045)(see Note 1 below).

    Following along the Atlantic/Zuleika trend, another drill hole was targeted into an area 1,100m southeast of the Atlantic prospect. BDRC18047 was drilled to 130m depth and sited behind BDRC17037 (8m @ 0.13g/t Au from 24m, see Figure 1 in link below). BDRC17037 appeared to intersect the down strike extension of some quartz veins exposed in a small costean 60m away, one 30cm wide vein assayed 4.75g/t Au. The shallow costeans are dug within the Kurrawang sediments and conglomerates. BDRC18047 recorded several low order, anomalous results, but the most significant was an encouraging 1m @ 9.20 g/t Au from 53m(see Note 1 below) within the fresh bedrock. A second proposed hole in this area designed to following up BDRC17035 (1m @ 0.91 g/t Au from 39m) was not able to be drilled due to weather delays. Further drilling in 2019 is planned.

    Atlantic is relatively complex mineralisation, with several models being considered. Tertiary lake clays up to 20m depth obscure any outcrops and conceal the mineralisation. Diamond drilling to help delineate the structure and further test for high grade mineralisation is scheduled in 2019.

    The second priority target at Blister Dam was Argo. Argo was discovered in 2017 whilst testing some nearby historic holes and soil anomalies. The best first pass results from 2017 included 4m @ 5.03g/t Au from 46m (BDRC17050) and 10m @ 1.02g/t Au from 20m (BDRC17009)(see Note 2 below).

    Step back drilling on a 20m x 40m pattern discovered that strong mineralisation extends to 70m vertical depth as shown in Figures 5 and 6 (see link below). Significant results at Argo included(see Note 1 below):

    - 6m @ 5.97g/t Au from 66m (BDRC18001, visible gold panned)

    - 12m @ 4.03g/t Au from 16m (BDRC18003)*

    - 8m @ 1.41g/t Au from 8m (BDRC18017)*

    - 8m @ 1.05g/t Au from 80m (BDRC18013)*

    The strike extent of mineralisation has now increased from 40m to 140m and, potentially, remains open to the northwest. Anomalous, untested soils are noted immediately southeast of Argo. Further drilling, including diamond, is scheduled for Argo in 2019.

    Field reconnaissance around the Argo area confirmed the prospectivity of several proposed 2017 targets. These included the historic Chadwin workings and Drabbco/Argosy workings 450m west of Argo. The Drabbco/Argosy workings were briefly tested in 2017 by BDRC17029 (1m @ 2.15 g/t Au) (see Note 2 below). This result was followed up by three additional holes, however no significant mineralisation was intercepted.

    Chadwin is also located 3km southeast and along strike of the small Magdala open cut mine (~4,300 oz, 1993). The old workings are sited on some thin, quartz veins dipping steeply to the south west. Four holes retested the Chadwin workings and depth extensions (see Figure 7 in link below) with mixed success. Significant results included(see Note 1 below):

    - 4m @ 2.48g/t Au from 56m (BDRC18040)

    - 1m @ 4.75g/t Au from 32m (BDRC18038)

    The results confirm high grades exist at relatively shallow depths. However two deep holes designed to intersect the vein at 120m depth failed to intersect this lode, possibly due to pinch out. Unusual elevations of anomalous oxide mineralisation (1m @ 0.53g/t Au) were noted at 33m in BDRC18037 and appear to be unrelated to the presumed oxide/transitional gold adjacent to the workings and targeted mineralisation. The strike extents are poorly tested and will now be reviewed in detail. Follow up RC work is planned for 2019.

    The fourth target tested in the Chadwin-Argo area is now known as the Loran prospect. Loran sits about 400m north east of the Chadwin workings. It is a new discovery, but more importantly Loran exhibits more definitive geological control on the gold mineralisation than other areas tested at Blister Dam. Two holes tested the soil anomaly with BDRC1801 returning 5m @ 1.47g/t Au from 66m1. The ore zone is visual and sits on a sheared basalt/ultramafic contact. A hilly outcrop of recently recognised, massive porphyritic basalt ("cat rock") separates Chadwin from Loran. Soil anomalies on adjacent flanks are noted.

    Cat rock is found at a number of major mines along the Zuleika Shear, including Frog's Leg, Pegasus and Rubicon and its occurrence here flags the Chadwin-Loran-Argo areas for more detailed assessment. Follow up work in 2019 will include mapping and stratigraphy, ground magnetics and sampling prior to further drilling.

    The third priority target is the Seven Seas prospect. This area was reasonably well tested in 2017 with highlights of 1m at 36g/t Au from 35m and 4m at 3.33g/t Au from 43m2. Mineralisation was restricted to narrow quartz veins within sedimentary rocks and its contacts over a strike length of 120m. Four shallow holes were drilled on the southern boundary to test the strike extent. Anomalous results were obtained from just the one hole located 40m south of Seven Seas suggesting that the mineralisation is patchy.

    - 4m @ 0.72g/t Au from 24m and 4m @ 0.48g/t Au from 44m* (BDRC18012)

    Three co-funded holes (854m) were drilled southwest and southeast of Seven Seas. The holes all tested low order, conductor anomalies within carbonate altered ultramafic rock, basalts and sediments. No significant mineralisation was observed in BDRC18050 (280m) and BDRC18048 (294m) with the best result being 4m @ 0.13 g/t Au from 48m in BDRC18048 (see Figure 8 in link below). The conductors were attributed to local concentrations of barren pyrite and pyrrhotite. BDRC18049 (280m) was drilled 330m southeast, along strike from Seven Seas, and aimed to intersect a relatively stronger conductor at around 130m vertical depth. The hole was successful in this regard as a strongly pyritic, but barren, black shale unit was logged at 185-187m. Better results from BDRC18049 included(see Note 1 below):

    - 1m @ 4.87g/t Au from 161m

    - 1m @ 2.51g/t Au from 241m

    - 1m @ 0.74g/t Au from 276m

    These intercepts plot up with down dip projections from the Seven Seas prospect and suggests limited potential for improved grades at depth. It also suggests that the Seven Seas mineralisation along strike is potentially much larger (>450m) than what has been tested to date. Further work is planned in 2019.

    Four co-funded holes for 850m were also located in untested areas across strike from the Atlantic prospect. All four holes failed to intersect significant mineralisation associated with the IP conductors. Interestingly Atlantic itself did not have any attributable IP signature. The IP targets were all targeting new mineralisation along the Carnage Fault east of Atlantic (BD18046, 180m) where prospectors had reportedly discovered shear hosted gold within exposed bedrock.

    Three holes were drilled west of Atlantic. BDRC18043 (160m) tested a shallow conductor thought to be due to graphitic shale. It returned 4m @ 0.16g/t Au from 68m. BDRC18042 (230m) had no significant mineralisation whilst BDRC18044 (280m) had a best result of 4m @ 0.25g/t Au from 260m. No further work is planned in the immediate area.

    Scheduled follow up drilling for Tasman (11m @ 0.45g/t Au) and Syledis prospects (2m @ 1.31g/t Au) was delayed due to poor weather and will be completed in 2019.

    Next steps

    The prospectivity and understanding of the Argo-Loran-Chadwin area is improving as shown by the recent drill success. Initial work in 2019 will involve mapping, stratigraphy, sampling, geochemistry and ground magnetic surveys. Follow up RC work is planned at these and other prospects. Diamond drilling will be scheduled for Argo, Atlantic and Loran.


    1 See Table 1 on Page 8, Competent Persons Statements on Page 10 and JORC Tables on Page 13

    2 as announced to the ASX on 6 February 2018

    3 as announced to the ASX on 1 March 2017

    * denotes 4m composites

    To view tables and figures, please visit:

    Jon Price 
    Managing Director
    Tel: +61-8-9386-9534
    Michael Vaughan
    Media Relations - Fivemark Partners
    Tel: +61-422-602-720

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    MYOB Group Limited (ASX:MYO) (MYOB or Company) refers to its ASX announcements (dated 8 October 2018 and 2 November 2018 ) in relation to an unsolicited, indicative and non-binding proposal from one or more affiliates of KKR & Co. L.P. (KKR) to acquire the shares it does not already own in MYOB(see Note below), at an offer price of $3.77 per share by way of a scheme of arrangement (Indicative Proposal).

    Following completion of due diligence and finalisation of debt funding commitments, KKR has revised the offer price to $3.40 per share (Revised Proposal). The Revised Proposal is subject to the finalisation of a scheme implementation agreement and expires at 5pm Friday 21 December 2018. At all times KKR has indicated its support of management and the strategic growth plan currently underway.

    The Board has informed KKR that it is not in a position to recommend the Revised Proposal however remains in discussions with KKR regarding its proposal.

    MYOB will keep the market informed of any developments. MYOB shareholders do not need to take any action in relation to the Revised Proposal at this stage.

    Note: KKR and its related entities currently own 19.9% of MYOB.

    Investor and Analyst Enquiries
    Christina Nallaiah
    Head of Investor Relations
    T: +61-2-9089-9122
    M: +61-468-362-553
    Media Enquiries
    Clive Mathieson
    Cato & Clegg
    T: +61-2-8306-4244 
    M: +61-411-888-425

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    Argent Minerals Limited (ASX:ARD) (Argent, or the Company) is pleased to report that the Directors and senior management have invested $83,500 in the Company in relation to the Entitlements Issue that closed at 5pm (WST) on 13 November 2018.

    A total of $627,721 before costs has been received to date in relation to the Entitlements Issue, of which $505,827 (80.6%) has been contributed by the top 20 shareholders (Top 20), Directors and senior management of Argent.

    As at the close of trading on 19 December 2018 the Top 20 hold 42.10% of the Company, up from 38.3% on 3 September 2018 as announced in the 2018 Annual Report to Shareholders.

    The relevant 3B and 3Y Appendices are attached.

    To view the release, please visit:

    David Busch
    Chief Executive Officer
    Argent Minerals Limited
    M: +61-415-613-800

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    Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) (LNGL or the Company) through its 100% owned project company, Magnolia LNG LLC (Magnolia), and Meridian LNG Holdings Corp (Meridian LNG) have mutually agreed not to extend the deadline for satisfaction of the conditions precedent to the Liquefaction Tolling Agreement beyond the current date of 31 December 2018. Magnolia and Meridian LNG executed the agreement on 22 July 2015 and entered into six extensions since then.

    "LNG Limited is appreciative of the relationship we have enjoyed with Meridian LNG. However, this decision allows us to free up desired capacity from Magnolia LNG for offtakers that are more closely aligned with Magnolia's development needs," said Greg Vesey, Managing Director and Chief Executive Officer, LNG Limited.

    LNGL continues to vigorously market Magnolia globally as the Company moves toward a final investment decision.


    Magnolia LNG proposes to construct and operate up to four liquefaction production trains, each with a capacity of 2.2 mtpa or greater using the Company's patented OSMR(R) LNG process technology. Construction and operation includes two 160,000 m3 full containment storage tanks, ship, barge, and truck loading facilities, and supporting infrastructure. The LSTK EPC contract includes all elements of the project necessary to bring the facility into full guaranteed production operations. Magnolia LNG is fully permitted, having received its FERC Order and both FTA and non-FTA approval from the DOE. Final investment decision and initiation of construction is expected upon execution of sufficient offtake agreements to support financing.

    Mr. Micah Hirschfield
    Sr. Manager, Communications and Investor Relations
    Liquefied Natural Gas Limited
    T: +1-713-815-6920
    Mr. Andrew Gould
    Joint Company Secretary
    Liquefied Natural Gas Limited
    T: +61-8-9366-3700

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