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Speedcast International Ltd (ASX:SDA) Successfully Completes Institutional Entitlement Offer

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On Wednesday, 2 November 2016, SpeedCast International Limited (ASX:SDA) (FRA:7SC) (SpeedCast), announced an approximately AUD 295M equity raising (the Offer) to fund the acquisition of Harris CapRock from Harris Corporation.

Key highlights

- Fully underwritten Institutional Entitlement Offer successfully completed, raising approximately AUD 252M

- Overwhelmingly strong support shown by both existing and new institutional shareholders

- Institutional Bookbuild clearing price of AUD 3.40 per share representing premium of AUD 0.30 to the Offer Price of AUD 3.10 per share

- SpeedCast shares will recommence trading on Friday, 4 November 2016

- Retail Entitlement Offer opens on Wednesday, 9 November 2016

The Offer comprises of a fully underwritten 2 for 3 accelerated renounceable entitlement offer for new SpeedCast ordinary shares (New Shares), through an accelerated institutional component (Institutional Entitlement Offer) and a retail component (Retail Entitlement Offer).

Today, SpeedCast is pleased to announce the successful completion of the Institutional Entitlement Offer, raising approximately AUD 252M at the Offer price of AUD 3.10 per New Share (Offer Price).

A bookbuild for approximately 24M Institutional Entitlement Offer shortfall shares was held on Thursday, 3 November 2016 (Institutional Bookbuild), attracting strong demand from both new and existing shareholders. The Institutional Bookbuild cleared at a price of AUD 3.40 per New Share, representing a premium of AUD 0.30 per New Share above the Offer Price.

Eligible institutional shareholders who elected not to take up their entitlements and certain ineligible institutional shareholders will receive AUD 0.30 for each entitlement sold through the Institutional Bookbuild, less any applicable withholding tax.

Commenting on the outcome of the Institutional Entitlement Offer, SpeedCast's CEO, Pierre-Jean Beylier, said, "We are delighted with the exceptional support that our existing shareholders and new investors have shown. It reflects the strong support from our investors for the acquisition of Harris CapRock, a transformational opportunity for SpeedCast. We welcome our new institutional shareholders to the company and look forward to sharing with them our future successes."

The New Shares to be issued under the Institutional Entitlement Offer will rank equally with existing SpeedCast shares in all respects from the date of their issue. Settlement of New Shares under the Institutional Entitlement Offer is expected to complete on Thursday, 10 November 2016 and the New Shares are expected to be issued and commence trading on the ASX on a normal settlement basis on Friday, 11 November 2016.

Commencement of the Retail Entitlement Offer

The Retail Entitlement Offer will open on Wednesday, 9 November 2016 and closes at 5:00pm (Sydney time) on Friday, 18 November 2016. Eligible retail shareholders will have the opportunity to participate at the same Offer Price of AUD 3.10 per New Share and at the same offer ratio of 2 New Shares for every 3 existing SpeedCast ordinary shares as participants in the Institutional Entitlement Offer.

Eligible retail shareholders wishing to participate in the Retail Entitlement Offer should carefully read the retail offer booklet and accompanying personalised entitlement and acceptance form which are expected to be despatched on Wednesday, 9 November 2016. Copies of the retail offer booklet will be available on the ASX on or around Tuesday, 8 November 2016.

Investors: 
Ian Baldwin 
Chief Financial Officer 
SpeedCast International Limited 
E: ian.baldwin@speedcast.com 
Tel: +61-432-680-746 

Media:
Clara So
Marketing Director
SpeedCast International Limited 
E: clara.so@speedcast.com
Tel: +852-3919-6800

DroneShield Ltd (ASX:DRO) Australian Microcap Investment Conference Presentation

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DroneShield Ltd (ASX:DRO) (the "Company") is pleased to provide a copy of the presentation delivered by the Company at the Australian Microcap Investment Conference held in Melbourne.

OVERVIEW

- Rapidly Growing Global Consumer Drone Market

- As Drone Numbers Grow, so Do The Threats They Pose

- DroneShield is a Global Leader in Drone Security

- Provides Exposure to the Drone Security Sector

OUR SOLUTION

- Detects drones through real-time alerts and digital evidence collection

- Proprietary software with an extensive & growing audio signature database

-- The signatures are obtained at a US Department of Defense-approved anechoic chamber

- A cost-effective solution in the market, and one of very few available to commercial users in the market globally. Zero capital outlay required.

- Software as a Service (SaaS) pricing model which includes hardware and secures recurring revenue stream for the life of the install.

- Patented system which delivers high detection rates vs other methods.

- Distribution channels focus on third party security providers and hardware distributors

- Proprietary hardware, software, and database of audio signatures

- Excludes false positives (e.g insects, lawn mowers, industrial noises, etc.)

- IDs single & counter-rotating helicopters, quadcopters, hexacopters, octocopters, etc of varying sizes

- Easy integration with existing security systems

DRONESHIELD'S TECHNOLOGY COMPETITIVE ADVANTAGES

- Non-line of Sight Detection

-- Detects drones behind objects

- Nighttime Detection

- Low Flight Detection

-- Trees, buildings and other objects make camera based solutions very difficult vs a blue sky

-- Drones generally fly over prisons very low, barely over the fence lines.

- Detection Range

-- Up to 1km detection vs
-- Radar is generally "blind" at near distances (sub few hundred meters)

- Effective Coverage Area

-- Camera based systems are limited to their field of view, currently about 120 degrees horizontally and less vertically (often 90 degrees for radar).

-- If the drone is a few meters above their sensor, but outside the field of view, those technologies will not detect it

- Very Limited False Positive Alarms

-- Camera, radar, RF, and thermal based systems tend to have challenges dealing with other moving objects in the air such as birds, insects, leaves and even the clouds which carry water and generate heat signatures in the background

BUSINESS STRATEGY - Go Forward / Next Steps

- Complete the near term sales/marketing and engineering hiring plan

-- Key US sales hire remaining

-- Engineering effort focussed on scaling of the existing technology, and integration with complementary technologies

- Continue customer trials and installations across segments and geographies

- Partnership/acquisitions of complementary technologies for drone detection and countermeasures

-- Countermeasures to be marketed to customers who are legally able to use them

- Continuing relationship development and strategic additions to the global distributor footprint and joint marketing/customer demos

- Continuing scaling and streamlining of the manufacturing processes

- Continuing to position DroneShield as the incumbent in the drone security industry

PROGRESS YEAR TO DATE

February 2016: US patent issued by USPTO - "Drone detection and Classification Methods and Apparatus"

April 2016: DroneShield engaged to protect Boston Marathon for second consecutive year

May 2016: Release of new product system v1.5

May 2016: Release of a new product - Onsite Processor

June 2016: IPO

Jul-Sep 2016: Number of high profile demonstrations in US and Europe

Sep 2016: Key appointments: VP (Product Development), VP (Business Development, APAC), VP (Marketing), Pre-Sales Technical Manager Dedicated Sydney corporate and product development facility established

WHY INVEST IN DRONESHIELD?

- One of only two listed companies in the world providing investor access to the fast growing drone security market

- Significant and fast growing consumer and commercial drone industry is creating a need for drone security products

- Technology company founded by former air & missile defense + US National Intelligence sectors

- SaaS based pricing model

- Drone security is becoming a major political issue around the world, such as current coverage in Australia regarding recent changes in legislation for small drones

- Current drone incidents are generating interest and sales of our solution - the market already exists and will be a $ Billion plus market

- High profile incident (potentially involving loss of human life) is only a matter of time, at which point the drone security industry will explode in size

- DroneShield has an experienced board and management team with a proven records in growing new technology and global businesses

-- DroneShield is uniquely placed to capitalize on this opportunity:

-- Already has product in the market (eg. last 2 years at Boston Marathon)

-- Not competing in the markets already dominated by military suppliers

-- Superior and unique patented technology

-- Already a global market leader in drone security

To view the presentation, please visit:
http://abnnewswire.net/lnk/LK13ZX5H

James Walker
Managing Director
E: james.walker@droneshield.com
T: +61-2-9995-7280

Atrum Coal NL (ASX:ATU) Forms Sales Joint Venture With Atlantic Carbon Group

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Atrum Coal NL ("Atrum" or "The Company") (ASX:ATU) (OTCMKTS:ATRCF) advises that it has agreed to form an unincorporated Joint Venture (the "Sales Joint Venture") with Atlantic Carbon Group PLC (FRA:SR0)("ACG") to market and sell anthracite from ACG operations. ACG is a high grade and ultra-high grade anthracite producer with operations in north eastern Pennsylvania, USA. It operates mines and processing plants near the town of Hazleton, Pennsylvania.

The Sales Joint Venture will be staffed by Atrum personnel and initially sell the 100,000t previously optioned by Atrum from ACG and which has generated significant interest in the market. Atrum has achieved a renegotiated outcome with ACG to increase the supply volume to 250,000t, for the initial period to 31 December 2017 and the Company is confident in its ability to achieve those sales.

ACG will provide the 250,000t at cost price plus an administration fee agreed by both parties. Profits from the sales from the Sales Joint Venture will be spilt 60% to Atrum and 40% to ACG. If Atrum achieves sales of 200,000t by 31 December 2017, ACG will extend the Sales Joint Venture by another four years, with a 10% increase in tonnage each year offered by ACG to the Sales Joint Venture.

Bob Bell, Executive Chairman, commented: "We have developed a close working relationship with Atlantic management during the past few months and we see this Sales Joint Venture as an extension of that relationship. The new Sales Joint Venture with ACG will focus on export markets. We have been looking at various options with Atlantic that would allow us to capitalise on the shortage of seaborne anthracite supply. This Sales Joint Venture allows Atrum to utilise its export market expertise in a cash-generating joint venture, in a rising market, without investing up-front capital on an acquisition. Anthracite prices in Asian markets are trending strongly upwards as all metallurgical coals are in short supply, and we expect anthracite prices in Europe to move strongly upward in the next quarter, right as we begin to export ACG products."

ACG and Atrum can agree an increase in tonnage over that stated above. The Sales Joint Venture has been designed to allow both companies to work more closely together and review other potential joint ventures with mines in the local area. There are several smaller operations in Pennsylvania that do not have the expertise and access to international markets, and the Company believes there is potential to source product from multiple smaller scale operations in the area.

As previously reported, the tight timeframes required by the UK Takeover Code and the difficulty in conducting due diligence on various US subsidiaries has resulted in a decision by Atrum not to pursue the purchase of ACG shares and warrants either at a minority or controlling level. This Sales Joint Venture arrangement offers the potential of sustainable profits from Pennsylvania anthracite sales whilst we develop Groundhog in north western British Columbia, which remains the largest undeveloped ultra-high grade anthracite deposit globally. With the recent rise in anthracite prices, we have experienced a steady stream of enquiries for anthracite in both Atlantic and Pacific markets, and this new Sales Joint Venture enables us to immediately meet this demand.

This Sales Joint Venture is complementary to our Groundhog Project by providing greater access and exposure to international anthracite markets and cash flow that can be reinvested into the Groundhog North anthracite project.

Robert W. Bell 
Executive Chairman
M: +1-604-763-4180
E: rbell@atrumcoal.com

Theo Renard 
Company Secretary
M: +61-430-205-889 
E: trenard@atrumcoal.com 
 
Nathan Ryan
Investor Relations
M: +61-420-582-887
E: nathan@atrumcoal.com

McEwen Mining Inc. (NYSE:MUX) Appoints Xavier Ochoa as President and Chief Operating Officer

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McEwen Mining Inc. (NYSE:MUX) (TSE:MUX) is pleased to announce the appointment of Xavier Ochoa to President and Chief Operating Officer ("COO"). Xavier joined the Company this past September, 2016 as McEwen Mining's COO (see news release dated September 9, 2016).

The change in management represents a significant step towards reaching our operational goals and further advancing our portfolio of projects. Xavier brings over 25 years of international experience in the mining industry, including senior management positions where he was instrumental for leading project and operational teams, both underground and open pit.

In Mexico, we have an extensive land package with numerous small scale historic areas of mine production throughout the property package. A new geological interpretation making use of advanced geophysics and information collected from exploration work has been developed for our El Gallo property which confirms the geological potential. Recent work has demonstrated encouraging results at the El Encuentro - La Revancha Zone (see news release dated October 13, 2016). The Company has recently begun to demonstrate the prospective nature and potential longevity of mining within the El Gallo District. Under Xavier's direction, we will continue to implement this program with the goal of extending the mine life at El Gallo Complex.

At the El Gallo Silver Project we are revisiting the project and conducting new studies to improve the project economics in light of current silver prices and our ongoing exploration program on the El Gallo District.

Xavier will continue to oversee the advancement of the permits required for a speedy construction decision of our Gold Bar project in Nevada while implementing the ongoing work program to improve the economics of our large Los Azules copper project in Argentina.

"At McEwen Mining, we believe in constant innovation and a vision of aggressively growing shareowner value. Xavier is a mining engineer with a strong record of enhancing production, reducing operating costs and creatively improving capital efficiency. Having worked for several large companies in the past such as Xstrata, Goldcorp, Barrick and Glencore, I believe Xavier has the skill set and meets the needs to be very effective in his new role," commented Rob McEwen, Chief Owner.

McEwen Mining Inc
T: +1 647 258 0395 
F: +1 647 258 0408
E: info@mcewenmining.com
WWW: www.mcewenmining.com

SpeedCast International Limited (ASX:SDA) Communications leads the way at 'Everest of the ocean' Vendée Globe Race

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SpeedCast International Limited (ASX:SDA), a leading global satellite communications and network service provider, has provided its two-way secured satellite communication and broadcast services to over 90% of competitors in this years' Vendée Globe Race - one of the toughest sailing events in the world - making SpeedCast the number one provider of satellite services for this huge sporting event.

The eighth Vendée Globe Race begins today from Les Sables d'Olonne, France, and is the only non-stop solo race around the world without assistance. This year's event will see 29 skippers representing four continents and ten nations setting sail on IMOCA 60s in pursuit of beating François Gabart's record time of 78 days, 2 hours and 16 minutes set in the 2012-13 race.

SpeedCast's innovative media transmission solution and value added services have been installed on 27 out of 29 competing vessels, in order to benefit from livestreaming capabilities, monitoring and connectivity.

"When the race first began 27 years ago, we would never have imagined it would be possible to broadcast live from the ocean in such challenging conditions," said Bruno Gicquel, MSS Maritime Director, SpeedCast. "Today, the advances in technology coupled with the unprecedented demand for high-quality, real-time media content have made this possible. Using our world class satellite communications solution, coupled with the SpeedCast Clipway technology, developed by SpeedCast's R&D team, we have created an innovative offering that is enabling us to meet this unprecedented demand."

SpeedCast's Clipway will play a big role as the solution will allow the Race Headquarters, family members and the general audience to watch the race in real time. Clipway can store, forward and livestream broadcast quality video and can accept all broadcasting formats, including HD, SDI and GoPro, which differentiates it from competing technologies.

Piers Cunningham, Vice President, Maritime Services, SpeedCast commented: "To be able to provide our satellite communication solutions to so many competitors at this incredibly challenging event is a great accolade for us at SpeedCast and is a testament to the breadth of product offerings we have in the Maritime industry."

Media:
Clara So
SpeedCast International Limited
clara.so@speedcast.com
Tel: +852 3919 6800

OtherLevels Holdings Ltd (ASX:OLV) Wins One of the UK's Leading Comparison Sites

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OtherLevels Holdings Ltd (ASX:OLV) (FRA:7OL) ("OtherLevels") has announced that it has signed one of the UK's top 3 comparison sites as a customer. The customer provides comparison details for a number of key verticals, including motor, home, and life insurances, as well as utilities, breakdown cover and other added value services.

OtherLevels will work with the customer to deploy web push and interstitials, as part of an omni-channel digital programme. Working with OtherLevels digital marketing strategists, campaigns will focus on driving new commercial opportunities and enhancing the customer experience for greater loyalty and reduced cost of acquisition.

Brendan O'Kane, the OtherLevels CEO commented, "This is further validation of the huge range of opportunities in the on-line web channel. The comparison, affiliate marketing and coupon/cashback sites are all searching for ways to reduce acquisition costs and increase conversions. By leveraging the sophistication of the OtherLevels platform, together with the simplicity and ease of web push and interstitial implementation, these and other web based sectors, such as publishing, can get up and running in a matter of days. This is increasing the number of potential customers for OtherLevels, and validates the Company's "Reach 100% of Your Audience" strategy spanning desktop web, mobile web and apps."

Otherlevels Holdings Ltd
T: +1-415-697-2130
W: www.otherlevels.com
E: media@otherlevels.com

MZI Resources Ltd (ASX:MZI) Announces Leadership Transition and Debt Funding Package

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The Board of MZI Resources (ASX:MZI) wishes to advise that, after four and a half years as Managing Director, Trevor Matthews has elected to resign.

Leadership transition

Mr Matthews oversaw the development of MZI Resources' Keysbrook Mineral Sands Project, with the Project successfully commissioned in December 2015. With the project now undergoing a transformation from an early-stage operation to ramping up to design capacity with steady state production, the Board and Mr Matthews mutually agreed the time was right to transition to a new Managing Director.

To begin this process, MZI Resources Independent Non-Executive Director Dr Steve Ward has been appointed as interim Managing Director while an executive search for the role is conducted. In addition, Kevin Watters has been appointed as permanent Head of Operations, succeeding Chief Operating Officer Mike Ferraro.

Dr Ward has more than 30 years' experience in mining and mineral processing, particularly in mineral sands and related products. He previously held executive positions at mineral sands producers including Iluka Resources and Bemax, as well as global titanium pigment producers Tioxide (now Huntsman Pigments) and Cristal. Dr Ward has extensive public company experience and is highly familiar with MZI's operations, having joined the MZI Board in March 2015. It is the intention that Dr Ward will resume as a Non-Executive Director when a permanent Managing Director is appointed. Further biographical details on Dr Ward are set out in Appendix 1 (see the link below).

Mr Watters has more than 35 years' operations and project development experience. In particular, he has proven expertise in taking projects from start-up to full production, including as general manager of the Tiwest JV (now Tronox) after being appointed immediately post-construction. Mr Watters had been working as an advisor to MZI under contract immediately prior to appointment.

MZI Chairman Rod Baxter said: "Under Trevor's leadership MZI's greenfield Keysbrook Project was successfully developed and has already produced, processed, and shipped thousands of tonnes of high quality mineral sands products to offtake customers around the world.

"On behalf of the Board I would like to take this opportunity to sincerely thank both Trevor and outgoing COO Mike Ferraro for their efforts and achievements at MZI and wish them well in their future endeavours.

"As the project transitions from early stage production, we agreed the time was right to bring in new leadership to deliver the plant enhancements required to achieve targeted production rates and ongoing improvements once those production rates are met.

"MZI will continue to fully engage with and consult its neighbours, the local community, and work within the regulatory environment in which it operates.

"We will now commence an executive search process to identify the best candidate to deliver on this transformation.

"In the interim, we are highly confident that Steve's strong credentials and extensive experience ensure the Company is well placed to further progress on its initiatives. Steve will be well supported by incoming head of operations, Kevin Watters."

Mr Matthews said: "I'm very proud of what we have achieved at MZI in developing the Keysbrook Project. With the project moving into its next phase and after almost five years as MD, I feel the time is right to move on to pursue other opportunities."

Dr Ward will be paid fixed remuneration of $50,000 per month and will not be eligible for any incentive payments.

Debt funding package

To support the transformation of the Keysbrook Project, MZI is pleased to advise that it is finalising the terms of a US$16 million debt funding package with Resource Capital Fund VI L.P. The funding will be supplied in two tranches, with the first, US$6 million tranche already available to MZI, and discussions well advanced on the second tranche which will deliver an additional net US$10 million.

These funds will ensure MZI has the financial flexibility to deliver on the previously advised plant enhancements and optimisation activities required at the Keysbrook Project to ensure the plant achieves the targeted production rates. The Board believes the funding package is the most suitable for the Company at this time.

MZI Chairman Rod Baxter said: "We appreciate RCF's ongoing support through this debt package, which will provide MZI with the financial flexibility to continue ramping up Keysbrook towards its targeted production rates."

To view the release, please visit:
http://abnnewswire.net/lnk/A0TVFN8U

Investors
Rod Baxter
Chairman
+61-8-9328-9800

Media
Adrian Watson
FTI Consulting
+61-8-9485-8888 or +61-419-040-807

Prospect Resources Ltd (ASX:PSC) Presentation - Developing Africa's Largest Lithium Project

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Prospect Resources Ltd (ASX:PSC) is pleased to provide the company's latest presentation held in November 2016.

Corporate Snapshot

Prospect Resources Limited (ASX:PSC) - Advanced lithium and gold company focused on rapid expansion of Lithium JORC Resources at the Arcadia Lithium Project in Zimbabwe

- Arcadia is now largest JORC Lithium Resource in Africa

- Top 10 Lithium Projects in the World

- Experienced Board & Management

Operating in Zimbabwe / Southern Africa

- Zimbabwe is open to foreign investment

- Arcadia Project reflects the strategic importance of Zimbabwe's growing mining industry, potential to be largest lithium mine in Africa

- Zimbabwe is already the largest lithium producer on the African continent through the Bikita Mine

- Zimbabwe is an English speaking country with one of the highest rates of literacy in Southern Africa

Project Summary - Africa's largest Lithium Deposit

Arcadia Lithium Project - Key Value Driver

- Geology - Deposit contains spodumene and petalite in flat lying, stacked pegmatites hosted in meta-basalts of the Arcturus Formation within Harare Greenstone Belt

- Metallurgy - Three dedicated holes processed confirming 6.5% spodumene

- Maiden JORC Resource Estimate -

-- 36Mt at 1.17% Li20 (425,000t contained Li20),

-- includes 31Mt at 1.22% Li20 (Measured, Indicated, Inferred)

-- including 12Mt at 1.47% above 1% Li20 (Measured, Indicated, Inferred)

- Exploration Target - 80-100Mt at 1.1-1.4% Li20

Arcadia Lithium Project Overview

- ~35km east northeast of Harare, Zimbabwe

- Maiden JORC Resource Estimate of 31Mt at 1.22% & 12Mt at 1.47% Li20 (above 1%)

- Testwork confirms ability to produce 6.5% spodumene conc.

- Excellent potential to expand high grade resource along strike and at depth

- Less than 20% of mining license has been drilled, open along strike and down dip

Gwanda East Gold Project

Prospect plans to ramp up gold production at Gwanda East in 2017

- First gold production at Gwanda East announced in April 2016

- Shaft sinking & underground development ongoing

- Diamond drilling of high grade, narrow veins at Preston West A returned 71.6g/t Au over 30cm or 21.2g/t Au over 105cm

- Diamond drilling at Bucks West intersected 10.1g/t Au over 95cm and 5.1g/t Au over 41cm

- Focus is on Arcadia, development at Gwanda East has slowed

Summary

Developing the High Grade Arcadia Lithium Project

- Prospect Resources is well placed to rapidly expand the JORC resource base at Arcadia with $16m in cash

- Five drill rigs are onsite aiming to prove up a mineable resource at Arcadia

- The deposit remains open down dip and along strike, further assays are pending

- Experienced Directors and Management to drive value in line with expectations

- Early production focussed management team

- Arcadia is already the largest JORC lithium Resource in Africa and is covered by granted mining licenses

- Options signed over God's Gift Lithium Project, Fimpima West Cobalt Project

- Additional lithium and cobalt opportunities being reviewed in Zimbabwe, Zambia and DRC

To view the presentation, please visit:
http://abnnewswire.net/lnk/I6U9Z875

Hugh Warner
Executive Chairman
Prospect Resources Ltd
T: +61-8-9217-3300

Harry Greaves
Prospect Resources Ltd
Executive Director
T: +263-772-144-669
WWW: www.prospectresources.com.au

Orocobre Limited (ASX:ORE) (TSE:ORL) Corporate Presentation at UBS Conference

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Orocobre Limited (ASX:ORE) (TSE:ORL) (OTCMKTS:OROCF) is pleased to provide the company's latest Corporate Presentation at UBS Conference.

SUMMARY

- Olaroz operating revenue of US$33.5M for September quarter 2016

- Gross cash margin of US$5,755/tonne

- Operating cash cost US$3,579/tonne

- Sales de Jujuy S.A. self funded a US$12.8M principal and interest payment for the Mizuho project loan during the September quarter

- Production forecast for FY2017 is >15,000 tonnes

- Expansion studies on track for target of 35,000 - 42,500 tonnes total production

- Borax Argentina September quarter production up 29% quarter on quarter

ARGENTINA - REFORMS

- THIRD LARGEST ECONOMY IN LATIN AMERICA, MEMBER OF G20

Pro-business Maori Administration is delivering changes that will allow the Argentinian economy to grow

- FLOAT OF CURRENCY

Ends the artificially high exchange rate, Argentinian peso (ARS) has devalued by - 5 0% against the USD since 18 December 2015

- CAPITAL TRANSFER RESTRICTIONS REMOVED

Allows free flow of capital in and out of the country

- REMOVAL OF EXPORT DUTY

On most agricultural and industrial products including lithium carbonate, refined and mineral boron products

- REMOVAL OF IMPORT CONTROLS

Allows easier and quicker international sourcing of materials and equipment

- Delivers on-going operating and capital cost reductions for Orocobre

OPERATIONAL PERFORMANCE

OLAROZ PRODUCTION AND GUIDANCE

KEY INDICATORS (100% basis)

- 2016 FY production of 6,903 tonnes

- September quarter production of 3,013 tonnes, with 1,125 tonnes in month of September

- Low operating cash cost in September quarter of US$3,579/t

- September quarter sales revenue of US$33.5M, gross cash margin of US$5,755/t

- December quarter production is forecast to be 3,500 - 4,000 tonnes, FY2017 forecast of >15,000 tonnes

- Forecast operating cash cost (FY18)

- Q4 2016 FOB anticipated pricing net of logistics and commissions -US$10,000

OLAROZ OPERATIONAL IMPROVEMENTS

PROCESS IMPROVEMENT PROJECTS COMPLETED

- Boiler capacity increase

- Centrifuges and polishing filters

- Heat exchangers

- Acid wash circuit/parallel pipes

- Flocculant dosing and settling ponds

- Cooling in purification circuit

- CO2 injection points and diffusor design

- Cyclone bank and thickener throughput (currently underway)

OPERATIONAL OPTIMISATION

- Operational practice

- Logistics

- Reagent usage

- Recovery

BORAX OPERATIONAL PERFORMANCE IMPROVING

- Cash flow positive despite difficult market conditions

- The key Brazilian market is showing signs of improvement in volume and price

- Tincalayu plant upgrade completed on time and materially on budget in April 2016

- Full production rate now achieved after relocation of the borax decahydrate plant to Tincalayu

- Study underway to expand production from 30,000 tpa to 100-120,000 tpa borax decahydrate equivalent at Tincalayu

BORAX MARKETS

REFINED BORATES MARKET

- Overall 4.5% CAGR from 2013 to 2018

- Growth driven by Agriculture in the Americas and Asia (6%), Borosilicate Glass in China (4%)

- As the market continues to improve, Insulation Fiber Glass in the North American housing market will also stimulate growth.

MINERAL BORATES MARKET

- Overall 4% CAGR from 2013 to 2018

- Growth driven by Agriculture (6%), Insulation Fiber Glass (4%) and Frits and Ceramics (4%)

- Minerals used in Asia for conversion to refined products and in North/South America directly in end-uses

- Fracking application is developing in North America based on ulexite

SUMMARY

- Olaroz is a profitable, low cost, high margin producer

- Significant cash to be returned to Orocobre from loans/SBLC

- Production volume growth continues

- Lithium chemical market to remain in deficit

- Olaroz expansion lifts total production to 35,000 - 42,500 tonnes

- Tincalayu expansion to crystallize value in Borax Argentina

To view the presentation, please visit:
http://abnnewswire.net/lnk/5JJ3EXA2

Andrew Barber 
Investor Relations Manager
T: +61-7-3871-3985
M: +61-418-783-701
E: abarber@orocobre.com

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

YPB Group Ltd (ASX:YPB) Supply Agreement Signed with Orora

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Brand Protection and Customer Engagement solutions company YPB Group Limited (ASX:YPB) is pleased to confirm that following the signing of an MOU with Orora Limited (ASX:ORA) in May, a Supply Agreement for YPB's full PROTECT, DETECT, CONNECT solutions suite has now been executed. Under the agreement YPB and Orora will partner to take YPB's Brand Protection and Customer Engagement solutions to Orora's customers.

YPB Executes Supply Agreement with Orora

- In May 2016 YPB announced the signing of a Memorandum of Understanding ('MOU') with packaging company Orora (ASX:ORA)

- MOU now superseded by Supply Agreement

- YPB to offer full suite of products to Orora customers

Orora, with a turnover exceeding AUD$3.8Bn, is an innovative, customer-focused, leading provider of packaging solutions to the manufacturers of beverages (including beer, wine, soft drink and spirits), fruit and vegetables, meat and seafood producers. Orora has 40 manufacturing plants and 87 distribution sites across seven countries and approximately 6,200 team members. It supplies packaging products and services to grocery, fast-moving consumer goods and industrial markets in Australia, New Zealand, USA, Canada and Mexico.

Under the agreement, Orora will be able to offer its customers the option to protect their brands with YPB's patented and unique Brand Protection, Secure Supply Chain and Direct Customer Engagement.

YPB Executive Chairman John Houston said: "This exciting relationship with Orora is the most significant milestone to date for YPB in the progress of our Multiplier Partnership strategy and follows a similar arrangement with leading FMCG tubing supplier, Impact International, in July. Multiplier Partnerships allow us to far more rapidly and effectively penetrate markets at much lower cost and with much less risk than labouring alone. We are delighted Orora, with its enviable customer base and geographic spread, has recognised the value our unique Brand Protection, Secure Supply Chain and Customer Engagement solutions can deliver to its customers."

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

Mr. Gerard Eakin
Director
T: +61-427-011-596
E: eakin@manifestcapital.com
W: www.ypbsystems.com

Cardinal Resources Ltd (ASX:CDV) 4 Million Ounce Maiden Resource at Namdini

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Cardinal Resources Limited (ASX:CDV) ("Cardinal" or "the Company") is pleased to announce the maiden resource estimate for Namdini and results of the Phase 1, single hole, metallurgical testwork programme.

Highlights

- Maiden JORC Resource of circa 4 Million ounces gold

- Significant scope remains to expand the Resource with further drilling. The depositremains open at depth and along strike

- 4 diamond rigs drilling on site operating 24/7, with a focus on both increasing the drilldensity of the maiden resource, plus extensional drilling to grow the resource

- Preliminary metallurgical test work completed, with further test work continuing todetermine an optimal process route.

Commenting on the resource, Cardinal Resources Managing Director Archie Koimtsidis: "The Namdini maiden resource and the initial metallurgical results represent a major milestone for Cardinal and highlights the outstanding potential of the Namdini deposit, which remains open at depth and along strike. "With the first 4Moz now defined our aggressive drilling efforts will continue, with exploration around the existing resource already underway. Furthermore, we have four drill rigs onsite operating 24/7 to increase the size and confidence within the current resource. "Namdini is well located for future development and the project receives strong government and local landowner support."

The internal pit optimisation has demonstrated that the reported resource has reasonable prospects for economic extraction.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/5W1IO619

Archie Koimtsidis
Managing Director
Cardinal Resources Limited
P: +233 (0)26 190 5220
Skype: cardinal.archie

Flexiroam Ltd (ASX:FRX) Sponsors Renowned Ironman Triathlon

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Flexiroam Limited (ASX:FRX) is pleased to announce that its wholly owned subsidiary Flexiroam Asia Limited ("Flexiroam") has signed a sponsorship agreement with World Endurance Malaysia Sdn. Bhd ("WEM"), the organiser of Ironman Malaysia 2016.

Ironman is a popular world triathlon championship and regarded as one of the toughest one-day endurance races in the world. Ironman Malaysia is part of the international series of Ironman triathlons which attract participants from all over the world to Langkawi for the event. In 2015, over 80% of the athletes flew into Malaysia to take part in Ironman Malaysia.

Flexiroam is the official partner of Ironman Malaysia 2016. It is expected that over 1,100 international athletes will benefit from Flexiroam free data. The event's media coverage will feature Flexiroam in marketing collateral, newspapers and television appearances, providing a significant boost to Flexiroam's brand familiarity.

Being a sponsor at a world recognised triathlon is expected to lift awareness of Flexiroam on a global scale and foster brand preference. Ironman participants are potential customers of Flexiroam as Flexiroam X will be useful for the international participants to stay connected whilst overseas. Flexiroam X will be an attractive product for frequent global marathon athletes as it provides them the ease to stay connected in over 100 countries with only one microchip.

Carl Smith, Director of Ironman Malaysia Race said "We are extremely pleased and excited to partner with Flexiroam for Ironman Malaysia in 2016. The partnership provides our athletes with the ability to earn some remarkably affordable deals when it comes to international data roaming services. With such a diverse and expansive number of international athletes racing in Langkawi, we know that connecting overseas will become so much more economical when travelling."

Flexiroam Limited
Jef Ong
Managing Director
T: +61-8-62252364
E: investor@flexiroam.com

Investor Relations
Jason Khoo
Vice President
Global Business Development
T: +61-2-81034843
E: biz@flexiroam.com

Broken Hill Prospecting Ltd (ASX:BPL) to Unlock the Value of its Thackaringa Cobalt Project

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Broken Hill Prospecting Ltd (ASX:BPL) advises that its strategic plan to realise significant value from the potentially world-class Thackaringa Cobalt Project (Thackaringa) has been approved by its Board of Directors (the 'Board'). The plan involves ASX listing of a focussed and independent company, Cobalt Blue Holdings Ltd (COB), to finance and undertake an extensive exploration and development program with potential to support a mine at Thackaringa.

Key points:

- Spin-off of Cobalt Blue in an $8 to $10 million IPO to fund Thackaringa exploration and development plan ?

- BPL shareholders to receive in-specie distribution of BPL's Cobalt Blue shares, including loyalty options and priority entitlement in an IPO

- Post issue BPL shareholders will hold approximately 37% of the capital of Cobalt Blue

- Heavy Mineral Sands is to be a prime focus for BPL's future Broken Hill

The proposed transaction will see Thackaringa become the primary asset and key focus of COB. That company will have its own experienced Board and management team, while continuing to rely on BPL's technical expertise and knowledge bank. BPL will retain the base and precious metal exploration rights over the Thackaringa tenements, where it has been actively exploring for Broken Hill style mineralisation. This will be in addition to its valuable Heavy Mineral Sands portfolio in the Murray Basin, NSW.

BPL's CEO Mr Trangie Johnston commented: "This is a win-win for BPL and its shareholders. They will all benefit through direct equity in Cobalt Blue via an in-specie distribution, giving them direct exposure to a special purpose cobalt vehicle.

BPL will itself retain upside from a 2% royalty on any future production from Thackaringa".

Deal Outline

The deal involves a spin-off and demerger of COB by BPL through an in-specie distribution of COB shares to shareholders of BPL. COB will then undertake an initial public offering of its shares and raise up to A$10 million to finance the Project. Pre IPO funding of $555,000 was raised.

BPL and COB signed a Farm-In and Royalty Agreement, which sets out the terms by which the Thackaringa Cobalt Project will be transferred over a period to no later than June 2020.

BPL is aiming to complete the proposed transaction by the early December 2016 (refer to timetable).

About Cobalt Blue

COB was incorporated on 26 August 2016, as a wholly-owned subsidiary of BPL. It is committed to achieving commercial production of cobalt and commercialising technical advances in the use of cobalt.

COB has a qualified and experienced Board of four Directors with extensive expertise in mineral exploration, mine development, marketing, investment management, corporate law and energy storage, including one BPL representative.

COB lodged a Prospectus to provide investors the opportunity to participate in an initial public offering of up to 50,000,000 New Shares at an issue price of A$0.20 per New Share to raise up to A$10,000,000, along with 12,500,000 free attaching Loyalty Options on a 1:4 basis.

Details of the Proposed Transaction

BPL and COB entered into a farm-in joint venture agreement (Farm-In Agreement) on the 31 October 2016 for COB to acquire 100% of Thackaringa via achieving set milestones over a defined period. In addition, BPL and COB entered into a Royalty Agreement (Royalty Agreement) where COB agrees to pay a 2% net smelter royally (NSR) on all future cobalt production.

The key terms of the proposed transaction are:

- COB will pay BPL the sum of A$800,000 to hold a 51% beneficial interest in the Project, subject to it meeting certain ongoing obligations as outlined below (Stage 1);

- Stage 1 Farm-In Period: On or before 30 June 2017, COB must:

o complete an approved exploration program of works with a minimum 'in-ground' expenditure of A$2 million which is sufficient to define an Inferred Mineral Resources of 100Mt; and

o complete a Scoping Study; and

o If COB elects not to complete these Stage 1 Farm In obligations by 30 June 2017, then it may withdraw from the Joint Venture and transfer the Stage 1 Interest back to BPL for a total consideration of A$1.00;

- Stage 2 Farm-In Period: If the Stage 1 Interest has been earned by COB, then in order to earn an additional 19% beneficial interest in the Joint Venture (Stage 2 Interest), COB must by no later than 30 June 2018:

o complete a further approved exploration program or works with a minimum 'in-ground' expenditure of A$2.5 million which is sufficient to define an Indicated Mineral Resource to a target level identified in and supported by the Scoping Study; and

o complete a Pre-feasibility Study of the technical, commercial and economic feasibility of development and mining within the area of the tenements for the production of cobalt;

- Stage 3 Farm-In Period: If the Stage 2 Interest has been earned by COB, then in order to earn an additional 15% beneficial interest in the Joint Venture (Stage 3 Interest), COB must, by no later than 30 June 2019:

o complete a further approved exploration program or works with a minimum 'in-ground' expenditure of A$5 million (GST inclusive) which is sufficient to define a Measured Mineral Resource and Ore Reserve to a target level identified in and supported by the Pre-feasibility Study; and

o complete a Bankable Feasibility Study to a standard which is sufficient to be submitted to a financial institution as the basis for lending of funds for the development and operation of the mining activities contemplated in the study and which is capable of supporting a Decision to Mine;

- Stage 4 Farm-In Period: If the Stage 3 Interest has been earned by COB, then in order to earn the final 15% beneficial interest in the Joint Venture (Stage 4 Interest), COB must, by no later than 30 June 2020:

o make a Decision to Mine; and terms acceptable to COB, for the development of a mine capable of producing a quantity per annum of cobalt to a target level identified in and supported by the Bankable Feasibility Study; and

o achieve financial close of the same; and

o pay to BPL the sum of A$ 7.5 million (inclusive of GST) which may be satisfied either as a direct cash payment prior to financial close or simultaneously at financial close as part of the project financing arrangements; and

o Following the earning of a 100% beneficial interest in the Joint Venture Property, BPL will transfer a 100% legal interest in the Tenements to COB;

- Royalty: COB grants BPL a 2% (NSR Rate) net smelter royalty (NSR) on all cobalt produced from the Tenements for the life of the Project on and from the date on which commercial production first commences

Effect of the Proposed Transaction

BPL holds 35,000,000 COB Shares, comprising 77.78% of COB's issued capital. BPL proposes to distribute all its COB Shares in-specie to BPL's eligible shareholders recorded on BPL's share register at 5:00pm ADST on Monday 21 November 2016 (Record Date).

BPL proposes to undertake the in-specie distribution on Wednesday 14 December 2016. Upon COB's successful ASX listing, BPL shareholders will own up to 36.84% of COB Shares.

See Capital Structure Table in link below.

In addition to BPL's in-specie distribution, COB proposes to issue 8,750,000 Loyalty Options to BPL Shareholders on the basis of one (1) Loyalty Option for every four (4) COB Shares received.

For detailed information on the proposed transaction by reading the Cobalt Blue Prospectus, please refer to BPL's website:

Thackaringa Cobalt Project

The Thackaringa Cobalt Project comprises a very large mineralised system of potential world-scale, strategically located 25km south-east of Broken Hill and adjacent to the main transcontinental railway line. BPL has defined a total Inferred Mineral Resource estimate of 35.7Mt at 841ppm cobalt (at a 500ppm Co cut-off)2 and a conceptual exploration target of 37-59Mt at 600-900ppm cobalt*.

*The global Thackaringa exploration target is as released on 27 July 2012 under JORC 2004. The potential quantity and grade of these targets is conceptual in nature. There has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in determination of a Mineral Resource.

The Thackaringa deposits remain under-explored. Detailed geological mapping has delineated more than 10km of mineralised outcrop, of which approximately 75% remains untested. Significant opportunity exits to upgrade and expand the near surface resource base through extensional and infill drilling. Beyond potential strike extensions, mineralisation also remains open at depth.

The cobalt deposit is contained in a pyritic rock, which adds the possibility for the co-production of sulphuric acid from any future mining activities. Sulphuric acid supply in Australia for mining and agricultural purposes is limited, and significant quantities are imported. The large, near-surface deposits at Thackaringa also make the project suitable for large-scale, open cut mining methods.

About Cobalt

Cobalt is a strategic metal used in the production of the latest generation, high-density lithium-ion batteries. Demand for these batteries is growing strongly, thanks to their high run-time properties.

hey are commonly used in mobile phones, laptops, tablets, fixed storage in homes, aircraft and electric vehicles.

Recent price increases reflect deepening concerns about secure and ethical supply of cobalt, just as demand is accelerating. About 40% of supply is now used in lithium-ion batteries, and this is forecast to increase to reach 70% within 10 years. Forecast demand is expected to exceed production by 2017. Annual global consumption growth for cobalt is expected to average 5.1% until 2020, according to Palisade Research. Consumption is expected to rise from 96,500 tonnes in 2015 to 124,000 tonnes in 2020. Some 98% of global cobalt production comes as a by-product of copper and nickel mining.

These mines are owned by a handful of major producers, mostly in Africa. Glencore recently suspended its Katanga mine, reducing the world's cobalt supply by 3%. If Glencore also shut its Mutanda mine, there would be a much larger (13%) reduction in cobalt supply.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/Z60C4Y5W

Broken Hill Prospecting Ltd
T: +61-2-9252-5300
F: +61-2-9252-8400
E: info@bhpl.biz
WWW: www.bhpl.biz

Speedcast International Ltd (ASX:SDA) Executes Service Agreement with Airbus Defence and Space

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SpeedCast International Limited (ASX:SDA), a leading global satellite communications service provider, today announced that it has finalised a multi-million US dollar, six-year service agreement with one of the world's largest Defence contractors, Airbus Defence and Space. Under this service agreement, SpeedCast will provide a full-range of onsite support, maintenance services and training, and be responsible for managing security and infrastructure of the Skynet East anchor station, located at SpeedCast's teleport facility at Mawson Lakes, Adelaide, Australia. This agreement follows the partnership arrangement signed with Airbus Defence and Space and announced on 18th August 2016, to design, build and provide onsite management for the Skynet East anchor station.

Pierre-Jean Beylier, SpeedCast's CEO said, "This service agreement with Airbus Defence and Space is testament to the depth of our experience and capability in ground station and teleport operations. Applying our decades of experience in teleport operations, our engineering teams provide 24/7 onsite management services to ensure government users can enjoy uninterrupted secure communications in the harshest and the most remote locations."

"This latest service agreement builds on our growing relationship with Airbus, supporting its infrastructure and network operations, and enabling the delivery of protected and secure communications to strategic government customers into the Asia-Pacific region. This reflects SpeedCast's growing portfolio of specialized government services, a source of future growth for the Group, and follows on our Channel Partner Agreement with Airbus on Skynet East secure X-band and UHF-band network services in the Australia and New Zealand region", Beylier added.

Media Contact Information:
Clara So
Head of Marketing
SpeedCast International Limited
T: +852-3919-6894
E: clara.so@speedcast.com

White Cliff Minerals Ltd (ASX:WCN) Raises $1.5 Million in Oversubscribed Placement

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White Cliff Minerals Limited (ASX:WCN) ("White Cliff" or "the Company") is pleased to announce that it has completed a $1.5 million placement to professional and sophisticated investors through the issue of 200 million new shares at 0.75 cents per share. Participants in the placement will also receive one attaching option exercisable at $0.013 on or before 31 December 2018 for every three shares subscribed ("Placement").

Novus Capital Limited acted as Lead Broker and underwriter in respect of the Placement. The Placement was underwritten to $750,000 however investor demand was well in excess of the underwritten amount.

Funds raised pursuant to the Placement will be used primarily to fund the following exploration:

1. Further drilling at the Aucu gold prospect where significant surface expressions of visible gold have been discovered along strike from the Company's existing gold resource of 156,000 Ounces at 4.2 g/t of gold from surface.

2. Conduct metallurgical testwork on high grade samples recovered from this years drilling, and update its JORC compliant gold resource at the completion of this testwork, and;

3. Drill testing high grade gold soil anomalies at the Company's Merolia gold project.

White Cliff's Managing Director, Mr Todd Hibberd commented "We are very pleased with the strong response received for this Placement. The quality of the Company's high grade gold project in Central Asia and Western Australian gold projects has generated significant interest. Ongoing drilling in Kyrgyz and accelerated drilling of our Western Australian gold projects is expected to generate a constant supply of positive exploration results. Indeed we will now be able to commit to a drill program at the Ironstone prospect before the year end."

The Placement has been made to professional and sophisticated investors. The Placement will be completed in two tranches with 200 million shares issued in the first tranche, pursuant to the Company's 15% capacity under ASX listing rule 7.1. The attaching 66.67 million options will be issued after the lodging of a prospectus to remove trading restrictions. An application to ASX for the options to be quoted will be made subject to all ASX conditions being met.

A share purchase plan (SPP) to raise $1,250,000 on the same terms as the Placement was announced on 31 October 2016. The SPP offer letter will be dispatched to eligible shareholders this week.

To view the release, please visit:
http://abnnewswire.net/lnk/O4588FV6

Todd Hibberd
Managing Director
T: +61-8-9321-2233
White Cliff Minerals Ltd
WWW: www.wcminerals.com.au

Altech Chemicals Ltd (ASX:ATC) Commences Soil Survey at Johor HPA Site

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Altech Chemicals Limited (Altech/the Company) (ASX:ATC) is pleased to advise that it has commenced soil survey drilling at the site of its proposed high purity alumina (HPA) plant in the Tanjung Langsat Industrial Complex, Johor, Malaysia.

Highlights

- Altech commences soil drilling and survey at Johor HPA site

- Requirement as part of detailed civil design and engineering

- M+W Group (Singapore) co-ordinating work

Site topography, soil stability and soil analysis are required to finalise the HPA plant civil design and engineering. The Singapore office of M+W Group, Altech's engineering, procurement and construction (EPC) contactor, is coordinating the drilling, soil studies, civil design and engineering work. The work will include a full analysis of the soil profile of the site and a determination of the piling and civil requirements.

Malaysian permitting consultants WKL & Associates (WKL) was appointed by the Company to prepare the required development order and construction permit applications. WKL will also assist the Company with applications for the supply of utilities such as electricity, natural gas and water. Altech has also commenced arranging supply contracts for key HPA plant consumables such as hydrochloric acid and lime.

Last week the Company announced the opening of the office of its wholly owned Malaysian subsidiary company, Altech Chemicals Sdn Bhd. The office is conveniently located approximately 300 metres from the proposed HPA plant site at Tanjung Langsat and will service both Altech and M+W Group personnel during the construction phase of the project.

Altech managing director Iggy Tan commented "It is rewarding to be able to announce the commencement of preliminary work at the Tanjung Langsat HPA site, and the appointment of Altech's first Malaysian employee - a site based project co-ordinator. These events signify the beginning of Altech's presence on the ground in Malaysia", he concluded.

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

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

Sayona Mining Ltd (ASX:SYA) High-Grade Mineralisation in New Authier Pegmatite Discovery

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Sayona Mining Limited (ASX:SYA) (OTCMKTS:DMNXF) ("Sayona" or the "Company") is pleased to announce the assay results from the pegmatite discovered during the October drilling campaign (see ASX release, "New mineralised pegmatite discovered at Authier, 11 Oct 2016) at the Authier lithium project, Quebec).

Highlights

- New pegmatite discovery assays 7 metres at 1.36% Li20 from 15 metres downhole depth

- New discovery highlights potential for identifying new high-grade pegmatite systems at Authier

- Drilling planned in early 2017 to test potential of the new pegmatite

The new pegmatite was discovered in a step-back drill hole (no. 10) targeting deeper mineralisation in the eastern zone of the Authier main pegmatite. The new pegmatite, not visible from the surface, was intersected at shallow levels between 15 metres to 22 metres downhole depth (see Figure 1 in the link below).

The intercept in the new pegmatite included, 7 metres at 1.36% Li2O from a downhole depth of 15 metres (vertical depth of 12 metres) including 2 metres at 2.24% Li2O from 17 metres.

The new pegmatite dips to the north and is located approximately 400 metres north of the main pegmatite resource. Further drilling is required to test the extent of the new pegmatite system.

In addition, drill hole 10 also intersected the deeper target mineralisation in the main pegmatite including, 5 metres @1.36% Li2O from 236 - 241 metres, and 8 metres at 0.85% Li2O from 258 - 266 metres down hole depth.

Corey Nolan, Chief Executive Officer, commented "The new discovery highlights the potential for identifying new high-grade pegmatites within the Authier tenement package which remains largely under explored outside the main pegmatite resource. Drilling to test the potential of the new pegmatite is planned in early 2017".

Phase 1 Diamond Drilling Program

New drill hole AL-16-010 (see Table 1 in the link below) has intersected high-grade spodumene mineralisation, including:

- 7 metres at 1.36% Li2O from a downhole depth of 15 metres (vertical depth of 12 metres) including 2 metres at 2.24% Li2O from 17 metres;

In addition, drill hole 10 also intersected the deeper target mineralisation in the main pegmatite including, 5 metres @1.36% Li2O from 236 metres, and 8 metres at 0.85% Li2O from 258 metres down hole depth including 2 metres at 1.42 % Li2O from 264 metres downhole depth.

The lithium mineralisation at Authier project is related to multiple pulses of spodumene bearing quartz-feldspar pegmatite. Higher lithium grades are related with high concentrations of mid to coarse spodumene crystals (up to 4 cm long axis) in a mid to coarse grained pegmatite facies.

Hole 10 was planned to test the depth potential of the Authier pegmatite in the eastern sector and potentially increase the inferred resources at depth.

More than 3,960 metres of drilling has been completed in eighteen diamond holes. Drill core has been logged and sent to the laboratory for lithium analysis.

To view the release, please visit:
http://abnnewswire.net/lnk/S16369RF

Chief Executive Officer
Phone: +61-7-3369-7058
Email: info@sayonamining.com.au
www.sayonamining.com.au

Atrum Coal NL (ASX:ATU) - Panorama North Exploration Update

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Atrum Coal NL ("Atrum" or the "Company") (ASX:ATU) (OTCMKTS:ATRCF), along with its joint venture partner Japan Oil, Gas and Metals National Corporation ("JOGMEC"), are pleased to provide an operational update for the Company's Panorama North Anthracite Project ("Panorama North"), located in British Columbia, Canada.

HIGHLIGHTS

- Initial drilling program concludes at Panorama North.

- Multiple coal seams intersected at Panorama North.

- Two drill rigs completed 1,180 metres of fully cored diamond drilling in four holes.

- Shallow coal seams were intersected, including a seam with total vertical thickness of 2.30 metres, occurring at 12 metres depth.

- Field work is now complete, and cores are being sent for testing.

Executive Chairman, Mr Bob Bell commented:

"Our first drilling program at Panorama North has been very successful, with multiple coal seams intersected. We are very pleased to have begun exploration of a new region within the extensive Groundhog coalfield, and we have been strongly supported by our joint venture partner JOGMEC and our Aboriginal partners and for that Atrum is very appreciative."

EXPLORATION AND DRILLING AT PANORAMA NORTH

Diamond core drilling of four holes has been successfully completed at Panorama North over the past month. Panorama North is an area to the west of Groundhog North (refer Figure 1 in the link below). Holes have been geophysically logged, and we are now completing studies of the cores and conducting geological interpretation. Samples are also being prepared for testing and analysis.

The coal seam intersections in each drill hole at Panorama North are summarized in Table 1 (see the link below). Two seams within the boreholes have similar geophysical signatures to the Duke E seam, being the primary economic target seam at Groundhog North.

Results from this exploration program are encouraging, and reflect the results of trenching undertaken in the 1980's. Thick, near surface coal seams have been encountered, and the Company will commence planning for the 2017 exploration season, again with support from our joint venture partner, JOGMEC and our Aboriginal partners.

In the 1980's a number of trenches encountered anthracite, but no drilling was undertaken other than shallow auger holes. During 2016, the Company formed a joint venture with JOGMEC in order to undertake a preliminary drilling campaign (refer to ASX Announcement dated 29 August 2016 "Joint Exploration Agreement"). This campaign, over up to three years, is designed to assess the Panorama area for seams that may produce high grade and ultra-high grade anthracite products (refer Figure 2 in the link below).

Over the month of October 2016, JOGMEC and the Company mobilised two drilling rigs and associated geophysical logging equipment to site, and conducted a preliminary drilling campaign (refer Figure 3 in the link below).

JOGMEC is the Japan, Oil, Gas and Metals National Corporation. In 1967, the Japan Petroleum Development Corporation (JPDC) was established to ensure a stable supply of inexpensive oil for Japan. The Corporation was charged with promoting the exploration and development of overseas oil resources - at the time, JPDC provided the necessary funding and liability guarantees for overseas oil exploration. Natural gas was added to its scope of business in 1972. In 1978, under the new name Japan National Oil Corporation (JNOC), it commenced oil stockpiling. As a separate organisation focussed on metals mining, the Metallic Minerals Exploration Financing Agency of Japan was established in 1963 to provide loans for metals exploration. Instead of oil and gas, its role was to ensure a stable, inexpensive supply of metals to Japan. This organisation also got involved in providing financial support for controlling mine pollution caused by the metal mining industry and as a result changed its name to the Metal Mining Agency of Japan (MMAJ) in 1973. In February 2004, JNOC and MMAJ merged to form JOGMEC.

Panorama North is the first anthracite JV for JOGMEC. JOGMEC has formed three coal joint ventures in Australia, two in Canada and one in Indonesia. Japan imported approximately 6.3mt of anthracite in FY15. The key reason for JOGMEC's investment into the anthracite JV with Atrum was to ensure access to anthracite. Anthracite reserves are estimated to constitute only 1% of the world's coal reserves, and development of Panorama North would diversify the supply sources of anthracite, particularly under the recent sharp decrease of anthracite supply in the sea-borne market.

The Company and JOGMEC will now plan a further drilling campaign for Panorama North for 2017, to cover a much wider area, as the preliminary campaign was restricted to a small portion of Panorama North. Re-engagement with our Aboriginal partners in this process will also be undertaken.

With metallurgical coal prices rising, steel mills are looking for costs savings in their production processes. Coke replacement with lump anthracite is an accepted method of reducing input costs for blast furnaces. The buoyant metallurgical coal market has triggered increased interest in the Company's flagship project at Groundhog North. The Company continues to assess low cost options for development of Groundhog North.

To view the release, please visit:
http://abnnewswire.net/lnk/2WK05B96

Robert W. Bell 
Executive Chairman
M: +1-604-763-4180
E: rbell@atrumcoal.com

Theo Renard 
Company Secretary
M: +61-430-205-889 
E: trenard@atrumcoal.com 
 
Nathan Ryan
Investor Relations
M: +61-420-582-887
E: nathan@atrumcoal.com

Sotheby's (NYSE:BID) Appoints Linus W. L. Cheung to Board of Directors, Bringing Significant Experience in Asia

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Sotheby's (NYSE:BID) announced today that Linus Wing Lam Cheung has been unanimously elected to join the Company's Board of Directors. Mr. Cheung is the retired Chief Executive Officer of Hong Kong Telecom and a renowned collector of Chinese Art.

"Linus brings a wealth of business experience and sophistication to our Board and company," said Domenico De Sole, Chairman of Sotheby's Board of Directors. "His unique insights on Asia, as well as the many areas in which Sotheby's operates, will be incredibly valuable. Having had the pleasure of knowing him as a client for years, we are very pleased to now welcome him as an independent Director."

Mr. Cheung served as Executive Chairman of Asia Television Limited from 2008 to 2009, Chief Executive Officer of Hong Kong Telecom from 1994 to 2000 and, following Hong Kong Telecom's merger with Pacific Century Cyberworks (PCCW) (HKG:0008) in 2000, PCCW's Deputy Chairman until 2004. Prior to joining Hong Kong Telecom, Mr. Cheung spent 23 years at Cathay Pacific Airways (HKG:0293) where he concluded his tenure as Deputy Chief Executive Officer.

"I am delighted to be joining the Board of Sotheby's, a company I have long admired during my decades as a collector," commented Mr. Cheung. "As the art market continues to evolve and grow in China and across Asia, I look forward to sharing my expertise and experience to best position the Company for future success."

Mr. Cheung has served on the board of China Unicom Ltd. (NYSE:CHU) (HKG:0762) since 2004 and HK Resort International Ltd. since 2006. Previously, he served on the boards of Cathay Pacific Airways, Hong Kong Telecom, Cable and Wireless plc, and Taikang Insurance.

In addition to his past executive leadership positions, Mr. Cheung has been actively involved with his alma mater, the University of Hong Kong, where he earned a BSocSc degree with honors and a Diploma in Management Studies with distinction. He spent 10 years as a member of the Council of the University of Hong Kong and also served as Chairman of the University of Hong Kong School of Professional and Continuing Education and as Chairman of the Centennial College.

In connection with Mr. Cheung's appointment, Sotheby's and its largest shareholder, Taikang Insurance Group, have entered into an agreement whereby Taikang has agreed it will not increase its ownership position beyond 15% for a period of three years, subject to certain conditions.

To view the Sotheby's press release, please visit:
http://abnnewswire.net/lnk/403974B9

New York
Lauren Gioia
T: +1-212-606-7176
E: Lauren.Gioia@Sothebys.com

Jennifer Park
E: Jennifer.Park@Sothebys.com

Hong Kong
Winnie Tang
T: +852-2822-8129
E: Winnie.Tang@Sothebys.com

iSignthis Ltd (ASX:ISX) Valutrades to Integrate iSignthis Paydentity

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iSignthis Ltd (ASX:ISX) is pleased to announce that it has entered into an agreement with UK FCA regulated Valutrades, which offers FX & CFD trading.

Highlights:

- ISXPay to process payments to Valutrades nominated acquirers

- iSignthis to remotely verify Valutrades customers

- Valutrades to meet the EU's 4th AML Directive and PSD2 via iSignthis

iSignthis will be providing Valutrades with its full range of Paydentity services, including Digital KYC, Strong Customer Authentication, Fraud Prevention, Payment Gateway and Card Tokenisation. The service is set to go live within the next 3 months.

Valutrades CEO Graeme Watkins comments: "Valutrades is excited to be working with iSignthis to implement their cutting edge Paydentity services. We see this as an important step in improving our customer experience, reducing the time to completion when signing up for and funding accounts, whilst at the same time enhancing our due diligence process keeping our business safe and secure for all our clients."

iSignthis Managing Director Mr. N J (John) Karantzis commented "We are delighted to reach agreement with Valutrades, one of the newer and dynamic brokers in the FX sector. We look forward to working with them to provide a positive customer experience in addition to compliance to AML/CTF regulations, payment processing and fraud mitigation solutions. Valutrades customers will benefit by way of fast, efficient on boarding whilst meeting regulatory requirements".

About Valutrades

Valutrades is headquartered in London, authorised and regulated by the UK Financial Conduct Authority (FCA) under license number 586541. Offering the award-winning Metatrader 4 terminal, Valutrades is a transparent no dealing desk broker, with up to 1:400 leverage and providing clients with over 50 financial instruments.

Read more about the company at http://www.valutrades.com/en/about

Todd Richards
Company Secretary
T: +61-3-8640-0990
E: investors@isignthis.com
www.isignthis.com
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