Bluechiip Ltd (ASX:BCT) Sales of Starter Kits to Two Key Institutions

November 8, 2016, 3:39 pm

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Bluechiip Limited (ASX:BCT), a leader in the development of sample tracking technology for harsh environments, today announced that it has sold three Starter Kits, which include Bluechiip readers and 4,000 associated consumables.

One, via the Chinese distributor, went to the Chinese Centre for Disease, Control and Prevention (CCDC), an agency of the Chinese Ministry of Health based in Beijing.

This was the second sale to the CCDC, which previously bought a kit in July 2016. Two Starter Kits went to the Prague-based subsidiary of SIAD, a European biobank solution provider for the life sciences sector, manufacturer of technical gases and medical gases, healthcare provider and medical devices distributor. SIAD-CZ has signed a distribution contract with Bluechiip, and aims to distribute the company's technology in Eastern Europe, with exclusivity in Czech Republic, Slovakia, Poland and Hungary.

Bluechiip and SIAD-CZ are looking to collaborate with respect to sales and marketing of Bluechiip's products.

Andrew McLellan, Bluechiip's CEO, said the three sales continue Bluechiip's momentum.

"We are thrilled to have made a repeat sale to the Chinese Centre for Disease, Control and Prevention. This will provide a further reference point for both OEM partners and end users. We are also excited to have sold kits to a distributor in Europe, which will eventually lead to more sales; Starter Kits are the first step toward a successful rollout of our full suite of products," he said.

"Importantly, Starter Kits allow purchasers to become familiar with Bluechiip's technology and to train staff in their use. These sales continue to confirm the value of Bluechiip's technology to OEM partners and end customers that need to effectively control sample integrity through the chain of custody."

Andrew McLellan
Managing Director / CEO
Phone: +61-457-823-470
Email: andrew.mclellan@bluechiip.com 

Media:

Richard Allen
Phone: +61-3-9915-6341
Oxygen Financial PR

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Central Petroleum Limited (ASX:CTP) 2016 AGM - Chairman's Address to Shareholders

November 8, 2016, 5:14 pm

≫ Next: Central Petroleum Limited (ASX:CTP) 2016 AGM - Managing Director's Presentation to Shareholders

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Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) is pleased to provide the company's Chairman's Address at 2016 AGM of Shareholders.

Today Central is the largest onshore producer of hydrocarbons in the Northern Territory, an objective that would have seemed fanciful only a few years ago. This has been achieved despite weak markets through foresight, creative thinking and hard work.

This is the first year where Central has operated the Palm Valley, Dingo and Mereenie oil and gas fields. These three assets give Central significant benefits in optionality and risk management. The effect of this can be seen in the operating performance for the year with revenue having increased 120% from $10.3 million to $22.64 million and positive earnings before interest, depreciation and exploration expense. Growth will continue into the current financial year.

At the same time we have enhanced our community license to operate by increasing local and indigenous employment, maintaining an excellent safety and environmental performance record and participating fully in the Northern Territory public debates on development of its gas industry. We believe the best advocates for Central in the Northern Territory are the communities within which we operate and the actions that we take as a Company.

Central played a significant role in the debate on the development of the Northern Gas Pipeline ("NGP"). Without Central's capacity to deliver gas immediately, there would have been no imperative to develop the NGP and the economic benefits that a growing gas industry will bring to the Territory.

We have been vocal in the argument for changes to the regulation of gas pipelines. There has been and will continue to be much written about this issue supported by many voluminous reports to bodies such as the ACCC. However, we are all investors here today and understand the risk and return of investing. Central's argument is not pro-regulation, but rather it's anti-monopoly. Regulation should only apply to well-established monopoly infrastructure, not new pipelines still repaying their investors. When considering whether pipelines should be regulated monopolies I ask you consider these two alternatives. Pipeline owners that take genuine risk such as Jemena have done so by committing to construct the NGP with only about half of its carrying capacity confirmed, should be rewarded and free of regulation. Conversely, owners of long-established pipelines that proudly state they have a "low risk approach to business" but at the same time deliver a compound annual growth in shareholder returns of 19%, are self-evidently enjoying the benefits of a monopoly and should have economic regulation in the public interest. Needless to say, such regulation could lower gas transmission costs to the East Coast Gas Market which would benefit Central, other current and future Territory gas producers, and the development of the Territory industry.

Australian domestic industries urgently need new supplies and suppliers and with appropriate regulatory settings Australia can benefit from the new gas provinces in the Northern Territory, presently undeveloped by the "tyranny of distance".

The capital markets remain difficult for companies such as Central. We are all disappointed with the share price performance given our potential. However we continue to make progress in realising gas sales agreements in the Northern Territory and on the East Coast. While we wait for the market to reflect this potential, we have remained innovative in funding the Company. The Gas Sales and Prepayment Agreement completed with Macquarie Bank in June enabled Central to meet its final Mereenie acquisition payment to Santos and remove future obligations under the Mereenie oil bonus agreement.

It would be remiss of me not to comment on the recent announcement in relation to the court action commenced against Central in the Texas courts by GRR. It cannot be a coincidence that our recent share price gains were adversely impacted by the announcement on the court's confirmation of Texas being an appropriate jurisdiction. I share the frustration of many shareholders that issues that pre-date the current Board and executive management continue to haunt Central and detract from the many positive changes we have made. I must stress that this was just a matter on the appropriate jurisdiction for hearing the case which we are considering our legal options. It is not a judgement on the GRR claim. We remain confident that Central has no liability to GRR and will vigorously defend the action.

In 2016 we continued with our change programme for the Central board with Tom Wilson retiring from the board in July. Tom provided valuable knowledge and experience to Central, but I know his principal role as CEO of Magellan, then our major shareholder, also created some concerns for shareholders. We are now a board of four comprising three nonexecutive directors and Richard Cottee which I believe is now too small given the array of activities before Central. We have therefore commenced a process of identifying a suitable addition to the board which will complement the current board members. That said, I can assure you that we will continue to retain our cost conscious attitude towards all overhead costs.

Robert Hubbard
Chairman of the Board
Central Petroleum Limited
T: +61-7-3181-3800
E: info@centralpetroleum.com.au
WWW: www.centralpetroleum.com.au

Central Petroleum Limited (ASX:CTP) 2016 AGM - Managing Director's Presentation to Shareholders

November 8, 2016, 5:16 pm

≫ Next: Blackham Resources Ltd (ASX:BLK) Drilling Confirms Potential for Wiluna Open Pit Mining

≪ Previous: Central Petroleum Limited (ASX:CTP) 2016 AGM - Chairman's Address to Shareholders

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Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) is pleased to provide the company's Managing Director's Presentation at 2016 AGM.

The NGP is being built

- Jemena is constructing and is contractually committed to build a 622km pipeline linking the NT to the east coast market at a cost of around $800M

- A 12-inch pipeline has been selected, initially capable of 90TJ/d (potential to increase capacity up to 160TJ/d with compression)

- Work has begun on the NGP, including approvals, design and long lead procurement

- Pipe has been ordered and the first delivery is within 30 days

- On schedule for gas to flow to east coast markets from 2018

Central at a glance

We have technical expertise over the on-shore basins of Central Australia and a distinct competitive advantage in operating efficiencies within the NT giving us the ability to deliver gas to Australia's east coast by 2018.

Central's Core Objectives:

- Continue to develop technical excellence in Central Australia's oil and gas basins

- Create markets to unlock Central Australia's vast on-shore energy potential

- Making a positive difference in the communities where we operate

Central's operated gas fields

Central's Operates 3 Producing Fields:

- Mereenie

- Palm Valley

- Dingo

Current Reserves (Gross JV)

- 207 PJ of 2P

- 234 PJ of 2C

Production Capacity (Gross JV)

- All fields ~45 TJ/d

- All facilities ~65 TJ/d

Appraisal Program

- Five additional reserve opportunities identified near existing fields

Central has become Central

- NGP is being built

- Capacity exists for our production from existing reserves

- Mereenie has the existing infrastructure

- Appraisal of more reserves unaffected by change of government

- Inventory of prospects

- EBITDAX positive last year with only 10 months of Mereenie and despite oil bottoming at US$30/bbl

To view the presentation, please visit:
http://abnnewswire.net/lnk/29RDP6WT

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

Blackham Resources Ltd (ASX:BLK) Drilling Confirms Potential for Wiluna Open Pit Mining

November 8, 2016, 5:18 pm

≫ Next: DroneShield Limited (ASX:DRO) Broker Research Note Released by Patersons Securities

≪ Previous: Central Petroleum Limited (ASX:CTP) 2016 AGM - Managing Director's Presentation to Shareholders

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Blackham Resources Ltd (ASX:BLK) ("Blackham") is pleased to announce initial results from the initial 15,000m of drilling completed as part of a 25,000m RC and diamond drilling program undertaken to support the mill expansion study at Wiluna.

Drilling has defined mineralisation along strike and beneath existing pits, highlighting the potential for cutbacks at several pits:

- East and West Pits northern extensions confirmed

-- WURD0005: 23m @ 3.74 g/t from 119m 86 gm

-- WURC0047: 6m @ 7.65 g/t from 175m & 46 gm

5m @ 2.01g/t from 195m 10 gm

-- WURC0103: 6m @ 8.75g/t g/t from 88m 52 gm

-- WURC0083: 7m @ 3.17g/t g/t from 38m 22 gm

- Gap Pit drilling confirms extensions to Bulletin deposit along Eastern Shear

-- WURC0104: 10m @ 2.03g/t from 79m & 20gm

19m @ 2.74 g/t from 158m 52 gm

-- WURC0108: 9m @ 4.08g/t from 106m & 37gm

10m @ 2.37 g/t from 131m 24 gm

-- WURC0106: 19m @ 2.66 g/t from 6m 51 gm

- Golden Age North drilling suggests more high grade free milling reef mineralisation amendable to open pit mining

-- WURC0126: 11m @ 5.87 g/t from 50m 65 gm

-- WURC0114: 7m @ 4.90 g/t from 109m 34 gm

The Resources at the Matilda and Wiluna Gold Operation currently stand at 48Mt @3.3g/t for 5.1Moz Au (48% indicated) (ASX release 27th June 2016). The Project resources are currently being re-estimated to include the successful drilling since June 2016.

An update of the Wiluna resource model has commenced and will be finalised once all results from this drill program have been received. There is the potential for a significant reduction in operating costs if sufficient additional resources can be identified to justify a mill expansion.

Blackham's Managing Director, Bryan Dixon, said "The latest Wiluna extensional drilling has demonstrated the potential to add significant base load open pit mining feed. Updated Wiluna open pit resources are likely to compliment the recent drilling success in extending the Bulletin underground mineralisation. Both feed sources will be integrated into the Wiluna expansion study currently underway."

Since the mid 1990's, previous operators at the Wiluna Mine have focused on the underground resources and have not explored the potential of open pit cutbacks. Preliminary mining pit optimisations of mineralisation at Wiluna indicate the potential to profitably extract shallow higher grade mineralisation beneath and along strike from existing pits. Pit optimisations completed on historical drilling results and using an A$1800 gold price result in a single pit from Bulletin to Happy Jack. Review of these mining optimisations has shown that pit shells are constrained by lack of drilling data along strike and at depth at a number of deposits (see Figure 5 and Figure 6 in the link below). Mineralisation intersected along strike and beneath the existing pits is likely to result in an expansion of these pits.

Analysis of the drilling data has also shown that there are alternative interpretations for the strike of the mineralisation which have not been previously tested in a number of areas. If additional open pit resources can be identified there is significant potential to extend the mine life, underpin a plant expansion and reduce operating costs.

During September Blackham commenced a 25,000m RC and diamond drilling program at Wiluna as part of a mill expansion study. The Wiluna deposits all lie within 3km of the refurbished Wiluna Gold Plant (see Figure 1 in the link below). In the current Blackham mine plan only underground mining is scheduled for these deposits, however recent conceptual pit optimisation work has indicated the potential for additional ore to be sourced from open pit cutbacks.

Intercepts from all holes drilled as part of this program are given in Table 1 (in the link below).

East and West Lodes

The East and West Lodes at Wiluna have historically produced over 1.5Moz predominately from underground mining. Mineralisation has been intersected below and along strike from the East and West pits (see Figure 2 and Figure 3 in the link below) and results to date from the East Lode indicate good continuity of mineralisation between the East and North Pits. Better intercepts from the East and West Lodes include:

- 10m @ 2.62 g/t from 97m 26 gm (WURC0060)

- 6m @ 7.65 g/t from 175m & 5m @ 2.01g/t from 195m 56 gm (WURC0047)

- 7m @ 3.17g/t g/t from 38m 22 gm (WURC0083)

- 19m @ 1.83 g/t from 59m & 6m @ 1.32g/t from 168m 43 gm (WURC0091)

- 23m @ 3.74 g/t from 119m 86 gm (WURD0005)

- 6m @ 8.75g/t g/t from 88m 52 gm (WURC0103)

The Figure 3 (in the link below) cross section is 300m north of the historical East pit at the start of North pit. The good continuity of mineralisation between the historical East and North Pits has increased the likelihood of the planned North and East pits merging together which would result in improved mining economics from a lower stripping ratio. The northern extensions of the East and West Lode mineralisation are likely to result in further oxide mineralisation for the Stage 1 operation as the base of oxidisation is approximately 50m deep in this area.

Gap and Golden Age North Lodes

The Gap pit lies between the Happy Jack and Bulletin open pits (see Figure 1 in the link below). Recent re-interpretation based on recent underground drilling at Bulletin suggests that the Bulletin Lode and the eastern Gap Lode may be the same mineralised structure. Drilling testing the Gap lode has identified significant mineralisation in three separate lodes beneath and along strike from the Gap pit. (see Figure 4 and Figure 5 in the link below). Figure 5 (in the link below) highlights how the limited depth of historical drilling has constrained the pit optimisation. Better results include:

- 10m @ 2.03g/t from 79m & 19m @ 2.74 g/t from 158m 72 gm (WURC0104)

- 9m @ 4.08g/t from 106m & 10m @ 2.37 g/t from 131m 60 gm (WURC0108)

- 19m @ 2.66 g/t from 6m (including 1m @ 6.98g/t) 51 gm (WURC0106)

Significant mineralisation has also been intersected along strike from the Golden Age open pit. Results received to date include:

- 7m @ 4.90 g/t from 109m (including 2m @ 12.9g/t) 34 gm (WURC0114)

- 11m @ 5.87 g/t from 50m (including 3m @ 17.6g/t) 65 gm (WURC0126)

Mineralisation intersected in the current program at Golden Age is associated with quartz and is likely to represent a continuation of the Golden Age quartz vein. The Golden Age orebody currently being mined in the underground is hosted within higher grade free milling quartz veins. WURC0126 and WURC0114 have intercepted the Golden Age structure 200m and 350m north of the historical Golden Age pit and have significantly upgraded the mining potential in this area. Review of historical data suggests that Golden Age may be wrapping into the Gap pit (Eastern Shear) as we are seeing in the underground at 400m depths. WURC0114 is located only 100m from the historical Gap pit and there is the potential that the Bulletin, Gap and Golden Age North pits may merge which will have a favourable effect on the mining economics in these areas.

Magazine

The Magazine gold deposit has not been mined previously and is located 400m south of the East Pit. Better results include:

- 12m @ 2.00 g/t from 10m (including 1m @ 5.69g/t) (WURC0069)

- 6m @ 1.92g/t from 41m (including 1m @ 7.42g/t) (WURC0054)

- 3m @ 3.67g/t from 29m (WURC0073)

The shallow modest mineralisation intercepted has confirmed the potential of Magazine for future open pit mining.

To view the press release, please visit:
http://abnnewswire.net/lnk/T1LH29O2

Bryan Dixon 
Managing Director 
Blackham Resources
T: +61-8-9322-6418
E: info@blackhamresources.com.au
www.blackhamresources.com.au 

Bruce Kendall
Chief Geological Officer
Blackham Resources Limited
Office: +61-8-9322-6418

DroneShield Limited (ASX:DRO) Broker Research Note Released by Patersons Securities

November 8, 2016, 7:25 pm

≫ Next: SpeedCast International Limited (ASX:SDA) - SAIT Communications to Change Name to SpeedCast

≪ Previous: Blackham Resources Ltd (ASX:BLK) Drilling Confirms Potential for Wiluna Open Pit Mining

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DroneShield Limited (ASX:DRO) had a broker research note released today by Patersons Securities, re-affirming the buy rating on the stock with price target of 77c. The stock is currently trading at 20c.

DroneShield works with clients such as prisons, law enforcement, airports, VIPs and event organisers, to protect against the threat of consumer and commercial drones. The company has successfully listed on ASX in June.

The note highlights expectations of a near term major company catalyst through addition of a drone jammer device. The report also includes a summary from a recent successful technology demo day, and summarises key developments since the listing and Patersons' opinion on new steps for the company.

Drones have become a major threat to safety, security and privacy in recent years, with a major incident involving a drone such as act of terrorism or bringing down an airplane viewed to be a matter of time.

The research report is available on DroneShield's website at the following link:

https://www.droneshield.com/sites/default/files/DRO%20Note%20091116.pdf

James Walker
Managing Director
E: james.walker@droneshield.com
T: +61-2-8072-0679

SpeedCast International Limited (ASX:SDA) - SAIT Communications to Change Name to SpeedCast

November 8, 2016, 9:03 pm

≫ Next: White Cliff Minerals Ltd (ASX:WCN) High Grade Gold Results Extend Quartz Zone-Aucu Gold Deposit

≪ Previous: DroneShield Limited (ASX:DRO) Broker Research Note Released by Patersons Securities

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SpeedCast International Limited (ASX:SDA), a leading global satellite communications and network service provider, today announced that its subsidiary SAIT Communications Ltd, has changed its name to SpeedCast, effective October 7, 2016.

The name change symbolizes the completion of the integration of SAIT Communications into SpeedCast following the acquisition in July 2015. The successful integration enables the Company to realize the synergies of the combined organizations and deliver world-class services to maritime customers.

The former SAIT Communications organization is one of the leading suppliers of Mobile Satellite Services ("MSS") in the Southern European maritime market, in particular Greece, one of the largest maritime markets in Europe. In addition to providing sales and support, the SpeedCast office in Greece is also a key R&D hub for innovative new products and services. SpeedCast is now one of the largest service providers to the maritime sector in the industry, servicing over 6,000 vessels with a wide portfolio of communications and IT services and a leading global support network. SpeedCast provides its customers with best-in-class service by leveraging a network of experienced field engineers in key ports around the world.

"As we continue to expand our presence in the maritime sector, SpeedCast is well positioned to accelerate growth into the low VSAT-penetrated market in Southern Europe. The unrivaled experience of the former SAIT Communications organization in MSS enables the Company not only to gain a strong competitive edge in the Maritime sector, but also allows us to expand our MSS offerings to other sectors. This will be one of the key growth engines and important contributors to the success of SpeedCast", commented Athina Vezyri, Vice President, Maritime Sales and MSS Services - Europe, SpeedCast.

*SAIT Communications has formally become "SpeedCast Cyprus Limited". Its Greek branch will trade as "SpeedCast Greece".

Clara So
SpeedCast International Limited
E: clara.so@speedcast.com
T: +852-3919-6800

White Cliff Minerals Ltd (ASX:WCN) High Grade Gold Results Extend Quartz Zone-Aucu Gold Deposit

November 9, 2016, 3:19 pm

≫ Next: Broken Hill Prospecting Ltd (ASX:BPL) Drilling Commences at the Thackaringa Cobalt Project

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White Cliff Minerals Limited (ASX:WCN) ("White Cliff" or the "Company") is pleased to report additional visible gold intersections from recent drill holes at the Quartz Zone within the Aucu Gold project.

Highlights:

- Quartz Zone delivers high grade gold drill results, assays include:

-- 5 metres at 9.9 g/t gold including:

--- 1 metre at 41.5 g/t gold

-- 2 metres at 6.7 g/t gold

-- 7 metres at 3.1 g/t gold including:

--- 1 metre at 9.5 g/t gold

-- 19 metres at 0.74% copper including:

--- 2 metres at 2.38% copper and;

--- 2 metres at 1.46% copper

Drill hole ERC16-30 has intersected substantial gold mineralisation both within the quartz reef and in the surrounding alteration halo (see Figure 1 in the link below). Assay results include 1 metre at 41.5 g/t gold within 5 metres at 9.9 g/t gold and 3 metres at 1.26% copper. ERC16-29 intersected 7 metres at 3.21 g/t gold including 1 metre at 9.5 g/t gold and 19 metres at 0.74% copper including 2 metres at 2.38% copper and 2 metres at 1.46% copper from 22 metres with all assays in fresh rock.

Substantial Gold Grades in Drilling Extend Mineralised Zone

The new mineralised zones intersected in drill holes ERC16-29 and ERC16-30 extend the quartz zone a further 50 metres northwest of the initial drill line which identified exceptional mineralisation from surface to 100 metres depth while remaining open at depth (see Table 1 in the link below).

In addition to the results showed in Table 1 (in the link below), drilling has been completed at a further two sections (sections 2980 and 2970) where drilling has intersected the mineralised quartz vein. Drilling is currently underway on section 3060 at the north-western end of the Quartz Zone and will then move to section 2920 at the south-eastern end of the Quartz Zone.

Visible Gold at Surface Supports High Grade Drilling Intersections at Depth

The Quartz Zone outcrops at surface in all road cuttings completed and visible gold has been identified in rock samples at surface in all road cuttings over an elevation range of 140 metres to date (see Figure 1 in the link below - visible gold marked with a star).

Managing Director Todd Hibberd commented that "The exceptional gold assays confirm the visible gold panned from the quartz reef at surface. We have high expectations that drilling will continue to deliver more substantial gold intersections at depth and along strike. The Company will endeavour to complete as much drilling as possible before autumn weather conditions make drilling too difficult to continue."

Quartz Zone Growing into a Substantial Mineralised System

The Quartz Zone occurs at the eastern end of the Eastern Gold Zone adjacent to the main porphyry intrusion. High grade gold mineralisation is largely confined to the quartz reef which ranges from 1-3 metres wide and can be traced at surface over 210 metres length. Visible gold has been panned from the quartz reef in five road cuttings covering 150 metres length (see Figures 1 & 2 in the link below). The quartz reef extends north-west and interpreted to be the same reef encountered in drill hole UGZ15-35 which intersected 8 metres at 55 g/t gold (see Figure 1 in the link below).

Drilling has confirmed that the quartz reef is sub-vertical and has an orientation of 320 degrees and interpretation of magnetic data suggests that it has a total length of 450-510 metres. The quartz reef is offset by a major fault at the northwest end and by a porphyry intrusion at the southeast end (see Figure 1 in the link below). Further drilling is required to establish the location of extensions to the reef.

The Quartz Zone is characterised by a central 1-3 metre wide quartz reef with open textures (voids, quartz crystals, holes) and intense sericite-carbonate+/- manganese alteration containing abundant free gold surrounded by a broad alteration zone containing malachite (copper oxide), goethite and limonite (after pyrite and chalcopyrite). The Company is continuing to drill the Quartz Zone on sections 30-50 metres apart down to 100 metres vertical depth. All five planned sections have been completed. Due to the success of the drilling to date and the amount of visible gold being recovered at surface the Company has planned additional drilling to test the mineralisation further along strike in both directions.

Drilling Update

As of the date of this release a total of 3,741 metres have been completed in this year's drill program consisting of 16 diamond holes and 14 RC holes as detailed in Table 2 (in the link below). The Company is awaiting assay results for ERC16-28, ERC16-34, 35, 36, 37, 38, 39, 40 and ERC16-25.

The Reverse Circulation rig is currently drilling ERC16-24 at the top of the Quartz Zone while further roads are bull dozed at the bottom of the hill. The Company expects to complete another 1,000 metres of drilling in 2016. Further assay and drilling information will be released as it becomes available.

Aucu Gold Deposit Summary

As previously reported (ASX releases 24 Mar 15 and 02 Apr 15), the Company announced a maiden inferred resource for the Aucu gold deposit above a cut-off grade of 1 g/t gold of 1.15 Million tonnes grading 4.2 g/t gold for 156,000 ounces1 of contained gold.

In 2015, drilling identified exceptional gold mineralisation2 to the east of the Upper Gold Zone (UGZ) over a strike length of at least 500 metres (ASX releases 11 Nov 15, 1 Dec 15 and 7 Dec 15). Results included:

- 8 metres at 55.2 g/t gold from 66 metres including 1 metre at 89.9 g/t gold

- 4 metres at 59.9 g/t gold from 66 metres including 1 metre at 189 g/t gold

- 2 metres at 43.5 g/t gold from 86 metres

- 1 metre at 103.4 g/t gold from 74 metres

- 3 metres at 41.4 g/t gold including 1 metre at 71 g/t gold

- 4 metres at 23.8 g/t gold from 85 metres

- 2 metres at 22 g/t gold from 102 metres

- 1 metre at 58 g/t gold

The average grade of the gold intersections from the 2015 drill program across the UGZ - East was 45 g/t gold from several lodes. In addition:

- Mineralisation outcrops at surface

- Mineralisation remains open in both directions and at depth

- Overall metallurgical recovery of all mineralised zones is 99%

- Gravity recoverable gold averages 88.6% (gold that reports to the gravity concentrate)

To view the press release, please visit:
http://abnnewswire.net/lnk/739H4N40

Todd Hibberd
Managing Director
T: +61-89321-2233
E: info@wcminerals.com.au
White Cliff Minerals Ltd
WWW: www.wcminerals.com.au

Broken Hill Prospecting Ltd (ASX:BPL) Drilling Commences at the Thackaringa Cobalt Project

November 9, 2016, 4:49 pm

≫ Next: SpeedCast (ASX:SDA) Takes Inmarsat Fleet Xpress Onboard Its Global Maritime Service Network

≪ Previous: White Cliff Minerals Ltd (ASX:WCN) High Grade Gold Results Extend Quartz Zone-Aucu Gold Deposit

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Broken Hill Prospecting (ASX:BPL) today announced that drilling had commenced at the Thackaringa Cobalt Project near Broken Hill to support metallurgical test work programs.

- 1000m diamond drill program underway to support metallurgical test work

- Planning is well advanced for a major Resource infill and expansion program

The 1000m diamond drilling program consists of eight holes at the three significant locations of cobalt mineralisation - Pyrite Hill, Big Hill and Railway deposits (see Figure 1 in the link below). Total Inferred Mineral Resource of 35.7Mt at 841ppm cobalt (at a 500ppm Co cut-off) has previously been defined in these areas.

The Thackaringa deposits remain under-explored. Detailed geological mapping has delineated more than 10km of mineralised outcrop, of which approximately 75% remains untested. Planning for a major resource infill and expansion program aimed to test outcropping mineralisation along strike and at depth from known resource locations is well advanced. Resource expansion will focus on the high-grade zones within the mineralised trend.

All drilling activities are designed to support a resource upgrade to JORC 2012 standard.

BPL announced earlier this week that it would spin-off its stake in Thackaringa into a new ASX-listed company, Cobalt Blue Holdings Ltd (COB), which is planning a $8m to $10m initial public offering. BPL shareholders will receive an in specie distribution of the company's shares in COB, plus loyalty options and priority entitlements.

For more information on Cobalt Blue please refer to the following ASX Announcements:

- BPL to Unlock the Value of its Thackaringa Cobalt Project

- COB Prospectus

To view the press release, please visit:
http://abnnewswire.net/lnk/03C024BW

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

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SpeedCast (ASX:SDA) Takes Inmarsat Fleet Xpress Onboard Its Global Maritime Service Network

November 9, 2016, 9:19 pm

≫ Next: Havilah Resources Ltd (ASX:HAV) Portia Gold Mine Extension

≪ Previous: Broken Hill Prospecting Ltd (ASX:BPL) Drilling Commences at the Thackaringa Cobalt Project

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SpeedCast International Limited (ASX:SDA), a leading global satellite communications and network service provider, has announced the successful integration of Inmarsat's Fleet Xpress service to its global maritime service network. The operational readiness of Fleet Xpress demonstrates SpeedCast's strength and speed at integrating new technologies, and reaffirming its status as one of the leading players in the maritime industry.

Inmarsat's Fleet Xpress service is powered by the Global Xpress Ka-band network, combined with the proven reliability of Inmarsat's flagship FleetBroadband L-band service for unlimited backup. This together with the Inmarsat Network Services Device (NSD), will be integrated with SpeedCast's innovative SIGMA Gateway solution, to provide a scalable platform designed to evolve and enable business applications onboard. Earlier this year SpeedCast and Inmarsat announced a strategic partnership to roll out Fleet Xpress to approximately 2,000 vessels over the next five years.

"Fleet Xpress will usher in a new era of reliable, high bandwidth satellite communications across the maritime segment," said Tim Bailey, SVP, Products and Marketing, SpeedCast. "Ship owners and operators will benefit from the global Ka- and L-band service that Fleet Xpress provides, therefore providing reassurance that their fleet is always connected. The high throughput Fleet Xpress service combined with SpeedCast's SIGMA solution enables SpeedCast to provide new and exciting technologies to the maritime industry."

Fleet Xpress delivers high data speeds, continuous connectivity and guaranteed performance, setting a new standard for maritime global communications with crew welfare, regulatory and operational drivers at the heart.

"The successful partnership between Inmarsat and SpeedCast transforms the way its shipping customers operate," commented Gerbrand Schalkwijk, Chief Sales Officer, Inmarsat Maritime. "Having a reliable, effective and high speed connection is paramount to ship owners and managers wanting to enhance operational effectiveness, IT security, safety and compliance and crew welfare. Fleet Xpress will be fully integrated with SpeedCast's existing maritime SIGMA Gateway and will open up a host of value added services and applications to further drive efficiencies, ranging from real-time monitoring, remote diagnostics and telemedicine, to security and crew service management tools, among others, taking Fleet Xpress beyond just simple broadband communications. With the added peace of mind SpeedCast's 24/7 operational support provides, Fleet Xpress delivers the highest levels of service and performance worldwide."

About Inmarsat

Inmarsat plc is the leading provider of global mobile satellite communications services. Since 1979, Inmarsat has been providing reliable voice and high-speed data communications to governments, enterprises and other organizations, with a range of services that can be used on land, at sea or in the air. Inmarsat operates in more than 60 locations around the world, with a presence in the major ports and centres of commerce on every continent. Inmarsat is listed on the London Stock Exchange (ISAT.L). For more information, please visit http://www.inmarsat.com.

The Inmarsat press release newsfeed and corporate updates are on @InmarsatGlobal (Twitter).

Media Contact Information:
Clara So
SpeedCast International Limited
T: +852-3919-6800
E: clara.so@speedcast.com

Jonathan Sinnatt		
Director of Corporate Communications
T: +44-(0)20-7728-1935		
E: jonathan.sinnatt@inmarsat.com

Havilah Resources Ltd (ASX:HAV) Portia Gold Mine Extension

November 9, 2016, 10:30 pm

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Havilah Resources Limited (ASX:HAV) (FRA:FWL) ("Havilah" or "Company") is pleased to report that bedrock assay results for drilling carried out on the open pit floor more than two months ago, shows gold mineralisation extends more than 20 metres into the bedrock below the current open pit floor. The best reportable result so far is from aircore drillhole PTAC244 : 23 metres of 6.8 g/t Au from the pit floor to 24 metres vertically below (to approximately -35 metre RL).

Key Points:

- Economic gold grades in pit floor drilling, including 23 metres of 6.8 g/t beneath current pit floor.

- Mining of ore in accordance with the original open pit mine design nearing completion.

- Planned cutback of south wall will potentially extend mine life by 12 months.

As is typical of Portia, this gold mineralisation is patchy with localised high grades, and it is necessary to wash the entire weight of each one metre drill sample in order to obtain a representative gold assay result that can be relied upon. Other nearby holes drilled in the same program contain potentially economic gold mineralisation based on conventional gold assays but are considered to be too unreliable to report, as explained in the cautionary note below. Additional drilling on the pit floor is planned once mining operations have ceased there and it is safe to do so.

At the present time, a portion of this gold mineralised material has been mined and delivered to the ore stockpile at the processing plant. It is anticipated that the bulk of the remainder of this mineralised material, comprising extensively altered and veined soft clayey saprolite (or weathered bedrock), will be mined over coming weeks.

Havilah's mining partner Consolidated Mining and Civil Pty Ltd (CMC) reports that it is now approaching the final stages of exposing the open pit floor in accordance with the original mine design. Accordingly, within the next month the remainder of the original target in pit resource of 355,000 tonnes of ore material will be delivered to the surface.

This will be largely within the original 18 month time frame estimated by CMC, despite several abnormal rain delays and the geotechnically driven pitwall re-profiling. Processing of the stockpiled ore will continue for several months.

A significant extension to the Portia gold mineralisation was previously discovered by drilling in the south wall of the open pit (ASX announcement 24 August 2016). Based on internal non-JORC gold resources* estimated for this mineralisation, Havilah and CMC have agreed in principle to proceed with a 120 metre cutback of the south wall. A Memorandum of Understanding and formal legal documentation are currently being prepared and further details will be released upon approval and execution by both parties. In the meantime, Havilah has been working closely with the South Australian Department of State Development (DSD) to secure approvals for this extended operation, which will entail expansion of the overburden waste dump and tailings storage facility. The full 120 metre cutback will potentially extend the Portia mine life by a further 12 months. Based on mining experience and ore reconciliations at Portia to date, CMC and Havilah expect that the southern extension mineralisation should yield similar returns to the current Portia operations.

Havilah will continue to maintain a program of drilling both within and adjacent to the current open pit with the aim of expanding the Portia resource. It is also currently advancing planning to commence a PACE (Program for Accelerated Exploration) regional drilling program in the vicinity of Portia on several promising targets.

Havilah Managing Director, Dr Chris Giles, commented: "Portia started out as a short 18 month mining operation and now on cue, the current open pit is rapidly approaching its original design footprint. "Our mining partner, CMC, has performed admirably in meeting its Portia mining targets in a very professional and safe manner, notwithstanding many challenges along the way. "Our earlier drilling has confirmed southern extensions to the Portia gold mineralisation and we have been discussing with CMC for some time about a pit wall cutback, which will potentially extend the Portia mine life for at least another 12 months.

"Drilling of bedrock beneath the open pit floor has confirmed economic grades of gold mineralisation for a further 24 metres depth and we expect to ultimately mine all of this gold bearing bedrock material and possibly even beyond this depth subject to our ongoing drilling results" he said.

*The absence of a JORC resource means that no grade or tonnage numbers can be published at this stage. Havilah and CMC are confident that based on their successful mining experience at Portia thusfar, this gold mineralisation can be profitably mined and processed.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/J01HW829

Dr Chris Giles
Managing Director
T: +61-8-8338-9292
E: info@havilah-resources.com.au
WWW: www.havilah-resources.com.au

Canadian Securities Exchange (CSE) Announce Strong Growth With Highest Levels Ever Recorded

November 10, 2016, 10:08 am

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The Canadian Securities Exchange (CSE) today released performance metrics for the third quarter of 2016 highlighting continued strong growth, particularly in trading volume and capital raised by CSE listed companies. Both measures rose to the highest levels ever recorded by the exchange.

Key Statistics

- Trading volume in CSE listed securities climbed 138% compared to the third quarter of 2015 to 1.27 billion shares;

- Companies listed on the CSE conducted 85 financings for gross proceeds totaling $109 million, an increase of 222% over the same period a year earlier;

- The CSE finished the July-September quarter with 315 listed securities, 13 more than at September-end 2015;

- Trading on the CSE platform in securities listed on other exchanges totaled 811 million shares, higher year on year by 59%.

Metrics for January through September also set records, with the 3.27 billion shares traded in CSE listed securities outpacing the total for all of 2015 (2.48 billion shares). CSE listed companies raised $226 million in the first nine months of the year, compared to $195 million in full-year 2015.

Trading volume continues to gain momentum in the fourth quarter, with a record 99,704,073 shares trading in CSE listed securities on October 6. Over the past 30 days the CSE has set new records for both daily trading volume and number of trades on seven occasions.

Several CSE issuers ranked among the most actively traded public companies in all of Canada during the quarter as investor interest increased across most industry sectors, and particularly for life sciences companies. The CSE also welcomed one of the few Initial Public Offerings completed in Canada this year when Glance Technologies Inc. (GET) made its trading debut on September 7.

Toward the end of the quarter, the exchange announced several important executive level appointments, and the addition of a highly experienced financial industry executive to its Board of Directions (refer to following link). The appointments were made to expand business development coverage and deepen the pool of expertise in the listings review group.

- http://thecse.com/en/news/cse-announces-senior-appointments-to-board-of-directors-compliance-and-listings-teams

The CSE team remained hard at work connecting with entrepreneurs, hosting events in Vancouver, Calgary, Montreal and Toronto during the quarter, as well as presenting and exhibiting at the first ever Mines and Money conference held in North America. Senior exchange staff also travelled to China and Mongolia to continue outreach efforts in growing overseas markets.

The exchange is pleased to report that it will soon implement a new trading system technology featuring execution services for all equities listed in Canada. Related to this, a commitment to heightening the visibility of companies listed on the CSE through continued investor events and publications (including the CSE Quarterly magazine), plus support for market-making and other activities, will assist with further advances in volume and liquidity.

"The CSE is firing on all cylinders, with an improved capital markets backdrop helping our issuers to meet, and in some cases exceed, their financing targets," said Richard Carleton, CSE Chief Executive Officer. "Having added several talented executives to our team, the CSE is positioned even more strongly to facilitate access to growth capital for entrepreneurs at the lowest possible cost, while providing liquid and accessible trading services for investors anywhere in the world."

For more information, please visit:
http://www.thecse.com

Or our blog at http://blog.thecse.com

Richard Carleton, CEO
Canadian Securities Exchange
T: +1-416-367-7360
E: richard.carleton@thecse.com

Flexiroam Ltd (ASX:FRX) Launches 'Data for Voice' Functionality in X

November 10, 2016, 3:45 pm

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Flexiroam Limited (ASX:FRX) is proud to launch first ever "Data for Voice" functionality to its Flexiroam X subscribers. The latest app update will enable Flexiroam X subscribers to make international calls to mobile and fixed lines in over 100 countries from their data pool. The iOS update will be released in the coming weeks for iPhone users.

Managing Director of Flexiroam, Jef Ong stated: "We are proud to be a leading universal mobile provider that fully converges both voice and data offerings in a single app. Flexiroam believes that data is the new currency to mobile users. Flexiroam members can now enjoy borderless data and calls in over 100 countries using X."

Flexiroam X members are able to earn data by referring friends to subscribe to Flexiroam X or by keying in promotional voucher codes. Alternatively, users can also purchase additional data on the go. To date, Flexiroam X has established many partnerships and distributed more than 57 million MB of data.

This important product innovation has come about through Flexiroam's recent efforts to streamline its product offerings, with a focus on its flagship product. With the aspiration of becoming the world's largest universal mobile data service provider, Flexiroam's development team is working towards expanding the Flexiroam X app in the coming months to have wider coverage access points, including inflight data access and data from global Wi-Fi hotspots.

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

Altech Chemicals Ltd (ASX:ATC) Managing Director AGM Presentation

November 10, 2016, 3:56 pm

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Altech Chemicals Ltd (ASX:ATC) is pleased to provide the company's latest Managing Director AGM Presentation.

Our Vision

To be a world leading producer of high purity alumina (HPA)

Altech's HPA Process

- Use a standard HClleach process

- Developed in 1980's by alumina industry

- Couldn't compete with Bayer SGA costs

- But great at producing HPA (no sodium ions)

- However little demand of HPA in 1980s

- Demand of HPA is here today

Development Program To Date

- Started work in early 2011

- Many studies and testwork programs

- No issues about producing 99.99% HPA

- Supporting lab pilot plant test work

- Off the shelf plant and equipment

- Bankable Feasibility Study completed

Mitsubishi signs full off take

- Off take sales with Mitsubishi

- First ten years of HPA operations

- Secures sales for 100% of 4,000tpa HPA production

- Exclusive global distributor

- Experienced with HPA

- Strategic priority - Lithium batteries

Project Update

Meckering Development

- Mining lease granted

- Option to purchase from landowner

- Grade control drilling completed

- Mineral resource of 12 Mt established

- > 250 years mine life

- Maiden ore reserve of 1.2 Mt

- 30 year mine plan completed

- Mining proposal about to be submitted

- EPC contractor awarded

- Mining contractor awarded

- Mining contract being drafted

- Shipping & transport contractor awarded

Johor Development

- Site secured with deposit

- Opened Malaysian subsidiary office

- Awarded transport & shipping contractor

- WKL appointed to commence permitting

- Site soil drilling & survey completed

- Utilities application commenced

- Supply contracts underway

- Final site layout completed

Detailed Design M+W Group

- Detailed design in full force

- About 50 engineers in Germany and Singapore

- Major equipment packages out for final pricing

- Kilns and HCL - preliminary eng

- Major pipe routing completed

- 3D model of plant finished

- Site layout completed

- Architecture design completed

HPA Market Update

- HPA used in lithium battery separators

- Fire retardant separators - Samsung

- Strong growth in large format batteries

- Altech targeting 50% sales in Japan

- Japan price of 4N HPA -US$30,000/t

- ATC BFS long term price used -US$23,000/t

- NPV would be US$ 597 million, IRR 47%

- Prefer to use conservative price

Timeframe to market

- Debt funding term sheet Q1 2017

- Project equity Q2 2017

- Site works commencing Q2 2017

- 18 months construction

- First product due early 2019

To view the presentation, please visit:
http://abnnewswire.net/lnk/V3RR4J2I

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: shane@altechchemicals.com

White Cliff Minerals Ltd (ASX:WCN) Air-core Drilling Approvals Received- Ironstone Gold Project

November 13, 2016, 2:26 pm

≫ Next: MMJ PhytoTech Ltd (ASX:MMJ) Appoints Lead Manager for TSX-V Capital Raising

≪ Previous: Altech Chemicals Ltd (ASX:ATC) Managing Director AGM Presentation

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White Cliff Minerals Limited (ASX:WCN) ("White Cliff" or the "Company") is pleased to report that statutory approvals have been received to conduct drilling at the Ironstone Gold prospect, part of the Merolia gold project, near Laverton Western Australia.

Key Points:

- Air core drilling programme approved

- Drilling contract signed

- 2,000 metre drilling programme to commence 21 November 2016

- Drilling will target 340 ppb gold (0.34 g/t gold) gold soil anomaly at surface

The Company has signed a drilling contract with Orbit Drilling to conduct 2,000 metres of air core blade and hammer drilling that will target the soil anomaly which occurs at surface and extends over 240 by 180 metre area. The maximum gold value is 340 ppb (0.34 g/t) which occurs within a halo of +100ppb gold values (see figure 1 in the link below).

The anomaly occurs 190 metres west of recent and historical drilling that intersected 4 metres at 5 g/t and 0.3 metres at 25 g/t gold.

Managing Director Todd Hibberd commented that "The upcoming drilling is the culmination of six months of soil sampling and detailed exploration that has identified substantial gold anomalies at Ironstone, Burtville East and Comet Well. The gold anomaly at the Ironstone gold prospect is substantial and very high grade. We believe the Merolia project has great potential for a major gold discovery and this drill program is the first phase of a broader exploration strategy aimed at delivering on that potential."

The Ironstone Gold Prospect

Drilling in January 2016, followed up historical gold anomalism identified substantial gold mineralisation interpreted to trend north-northwest. To confirm the orientation of mineralisation prior to additional drilling the Company conducted a 407 sample and 151 sample soil geochemical programs that have identified the current bullseye gold anomaly. Drilling will commence later this month.

To view the press release, please visit:
http://abnnewswire.net/lnk/JXWU7086

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

MMJ PhytoTech Ltd (ASX:MMJ) Appoints Lead Manager for TSX-V Capital Raising

November 13, 2016, 2:26 pm

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MMJ PhytoTech Limited (ASX:MMJ) ("MMJ" or "the Company") is pleased to advise that Canadian-based Mackie Research Capital Corporation ("Mackie Research") has been appointed as lead manager for the equity financing ("Financing") component of the Company's proposed TSX-V listing ("the Transaction").

MMJ has entered into a binding Term Sheet with Canadian-based Harvest One Capital Corp. ("Harvest One") (CVE:WON.H) for the sale to Harvest One of 100% of the issued shares of United Greeneries Holdings Ltd ("UG") and Satipharm AG ("Satipharm") respectively.

Under the terms of the agreement, Harvest One will undertake an equity financing to raise up to C$15,000,000 through the issue of shares at C$0.75 each. Post spin out, MMJ shareholders will have an indirect ownership in a fully-financed cannabis company ("New Entity") with two core brands operating in one of the fastest growing cannabis markets globally.

Mackie Research's extensive network of institutional and retail investors, along with the highly experienced principals behind Harvest One, will play a key role in the successful execution of the Transaction.

MMJ will provide its shareholders with additional updates on the progress of the TSX-V transaction in due course.

Andreas Gedeon
Managing Director
Phone: +1-250-713-6302
Email: agedeon@mmj.ca
www.mmjphytotech.com.au

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Invigor Group Ltd (ASX:IVO) Secures Two New Contracts for Insights Visitor

November 13, 2016, 4:01 pm

≫ Next: Ardiden Ltd (ASX:ADV) Thick Spodumene Zones Intersected At Seymour Lake

≪ Previous: MMJ PhytoTech Ltd (ASX:MMJ) Appoints Lead Manager for TSX-V Capital Raising

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Leading big data solutions company Invigor Group Limited (ASX:IVO) ("Invigor") is pleased to announce the continued rollout of its Insights Visitor platform into locations with major consumer traffic flows.

- Iconic Sydney CBD Shopping precinct deploys Insights Visitor through OneWifi partnership

- Zoos Victoria trials Insights Visitor at all of its three zoos in Victoria

- Six new Insights Visitor contracts secured in four months

- Substantial revenue opportunity from media placement using Insights Visitor

- Pipeline for Insights Visitor continues growing rapidly with new contracts pending

Insights Visitor has been successfully deployed into the retail and dining areas of a major iconic Sydney CBD Shopping precinct, the name of which remains confidential at this time. Together with WiFi installed and operated by OneWiFi (operating as Infrastructure Logic Pty Ltd), a leading managed WiFi service provider, Invigor will provide managers and marketing staff with real-time analytics and insights into the behaviours, interests and activities of visitors to this iconic Sydney CBD shopping precinct.

The Insights Visitor platform provides an understanding into who is frequenting the shops and dining venues, how long they stay there, and which areas they visit. This information can then be used to shape marketing initiatives and in-centre activities to deliver a better visitor experience.

Invigor is also pleased to announce that Zoos Victoria, which includes Melbourne Zoo, Werribee Open Plains Zoo and Healesville Sanctuary, will trial Insights Visitor on their WiFi network to better understand patron movements within and between their zoos. A detailed understanding of how visitors connect with the zoos will enable Zoos Victoria to better engage with patrons and improve their experience.

The opportunity to generate significant revenue using our Insights Visitor platform gathers apace. Manly Wharf is the first substantial project where we are rolling out our engagement model with retailers and we are also now speaking with advertisers who can see the potential of being able to reach their audience more effectively rather than using more traditional means.

Invigor's Chairman and CEO, Mr Gary Cohen, said: "It is encouraging to note that Insights Visitor has been deployed as the WiFi analytics and engagement platform at this iconic Sydney CBD shopping precinct - a major CBD attraction for tourists and local shoppers. This significantly strengthens Invigor's presence in the retail sector, and gives us an added advantage when tendering for other major retail shopping precincts.

"These two new contracts reflect the ongoing and rapid sign up of our Visitor platform to high profile locations with significant foot traffic such as Manly Wharf, Preston Markets, the Sunshine Coast Council precinct and Moore Park Supa Centa. In the last four months, we have secured six new Visitor contracts alone and our pipeline of tenders is building rapidly. We will report on additional wins very shortly. Further, we are now seeing a real opportunity to monetise the use of such venues with our engagement model."

Gary Cohen
Chairman & CEO
Phone: +61-2-8251-9600
Email: info@invigorgroup.com
www.invigorgroup.com

Ardiden Ltd (ASX:ADV) Thick Spodumene Zones Intersected At Seymour Lake

November 13, 2016, 4:03 pm

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Lithium and graphite explorer Ardiden Limited (ASX:ADV) is pleased to advise that it has made a strong start to the resource delineation diamond drilling program currently underway at its 100%-owned Seymour Lake Lithium Project in Ontario with numerous zones of spodumene-bearing pegmatite logged in all 15 drill holes completed to date.

HIGHLIGHTS:

- Resource drilling program at the majority owned Seymour Lake Lithium Project in Ontario progressing well, with all diamond holes completed to date intersecting spodumene-bearing pegmatites.

- Numerous shallow spodumene-bearing pegmatites logged in drilling core from 15 completed diamond drill holes, with mineralised zones up to 22.5m wide.

- Drilling extends pegmatite zones further South on the North Aubry prospect. The mineralisation at the prospect remains open to the North and West.

- 198 drill core samples now sent to Actlabs in Thunder Bay for assay testing.

- Seymour Lake drilling results to underpin a maiden JORC 2012 Mineral Resource, targeted for Q2 2017.

- New claims at Seymour Lake which host multiple pegmatite exposures approved by MDNM.

- Preparations almost complete for a maiden JORC 2012 Mineral Resource drilling program at the Manitouwadge Graphite Project

The successful and early intersection of multiple high quality spodumene-bearing pegmatite structures confirms the potential to establish a maiden JORC 2012 Mineral Resource estimate for the Seymour Lake Project, with the early results already validating the interpreted extensions of the known mineralised zones and helping to further expand and define the boundaries of the main outcropping spodumene-bearing pegmatite structures at the project.

The initial review and logging of the drill holes has confirmed the strong presence of multiple spodumene-bearing pegmatites, many of which lie close to surface, with down-hole mineralised widths of up to 22.5m (refer Table 1 in the link below). As the mineralisation is either at or close to surface, most of the planned drill holes in this current program will only need to be drilled to a maximum depth of 50m.

Phase 1 of this targeted drilling program has been designed to underpin the maiden Lithium JORC 2012 Mineral Resource, initially for the North Aubry prospect. Subject to obtaining the drill core assay results from this current drilling program, Ardiden expects to define a maiden Mineral Resource at North Aubry by Q2 2017.

Phases 2 and 3 of the resource delineation drilling program will be designed to further expand the Mineral Resource to include areas around the South Aubry and Pye prospects.

Drill core samples from 15 diamond drill holes have been logged, cut and prepared with 198 samples delivered to the Actlabs laboratory in Thunder Bay for assay testing.

Ardiden verifies the drilling program has now confirmed Southern extensions of the pegmatite zones, from the lithium mineralisation previously identified at the North Aubry prospect (see Figure 3 in the link below). The North Aubry prospect still remains open to the North and West and will be further drill tested by Ardiden during this current program.

This extension of numerous pegmatite zones to the South with down-hole mineralised widths of up to 18.22m (SL16-54) is another encouraging outcome and provides Ardiden greater confidence that the Seymour Lake project can host sizeable and good quality lithium resources.

Ardiden considers these initial logging results to be very encouraging with the new phase of drilling confirming the potential of the Seymour Lake Project to host multiple zones of lithium mineralisation. The Company notes that drill holes which intersected less than 5 metres of spodumene pegmatite were not reported in this announcement.

ADDITIONAL CLAIMS

As announced on 21 September 2016, Ardiden has applied for (staked) a further 17 claim areas (totalling 4,992 Ha) around the Seymour Lake Project which host multiple new pegmatite exposures. Ardiden is pleased to confirm these new claims have now been approved by the Ontario Ministry of Northern Development and Mines ("MNDM").

The Seymour Lake Lithium Project now covers a total area of 7,019 Ha. As previously advised, the pegmatite exposures have been extended over a 5km strike length to the south (see Figure 4 in the link below). The new claims will allow Ardiden's geological team to progress future mapping and exploration programs.

The new claims to the east side of the project were not only staked for their pegmatite potential; given the number of faults, dykes and shear zones along the granite formation, there is also a possibility of discovering base metals in the region. Historically, copper mineralisation was identified within the southern portion of the new claim areas.

Manitouwadge Graphite Project

Ardiden confirms that preparations are almost complete for the upcoming drilling program at the Manitouwadge Graphite Project, also located in Ontario.

Approximately 1,500m of diamond drilling will be undertaken shortly at the priority Silver Star North prospect, where previous exploration work has confirmed the potential to establish a maiden JORC 2012 compliant Mineral Resource. This program is expected to commence in late November 2016, paving the way for the definition of a maiden Graphite JORC Mineral Resource in Q2 2017.

The Silver Star North prospect represents less than 5 per cent of the EM anomaly strike length identified at Manitouwadge, highlighting the immense potential of the land-holding. Exploration to date has confirmed high quality graphite coincident with strong EM anomalies along 10km of the potential 19.3km strike length identified using EM surveys. The remaining 9.3km of EM strike length is yet to be tested, and remains highly prospective for additional discoveries during upcoming exploration programs.

To view the press release, please visit:
http://abnnewswire.net/lnk/G37ND67V

Ardiden Ltd
E: info@ardiden.com.au
WWW: www.ardiden.com.au

Investors:
Brad Boyle
Ardiden Ltd 
Tel: +61-8-6555-2950 

Media:
Nicholas Read  
Read Corporate
Mobile: +61-419-929-046

Cash Converters International Ltd (ASX:CCV) 1st QTR Update FY2017

November 13, 2016, 6:13 pm

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Cash Converters International Limited (ASX:CCV) (LON:CCVU) (OTCMKTS:CKKIF) ('the Company') is pleased to provide the following trading and performance update based on the first quarter unaudited results for the 2017 financial year.

The net profit for the period was $6.3 million and is in line with the Company forecast. The first quarter result benefits from the timing of interest earned on higher loan volumes written in the second half of the previous year. The Company confirms guidance previously given to the market of full year 2017 NPAT being in the range of $20.0 to $23.0 million.

Financial results summary - first quarter

Highlights

- Net profit after tax $6.3 million

- EBITDA profit $13.1 million

- Key strategy initiatives well advanced and within budget

- Cash converters UK (CCUK) returned to profit for the quarter generating an EBITDA of $383.7K

- CCUK has generated $6.5m of cash from the personal loan book wind down

Strategy implementation and results

Cash Converters continues to advance the implementation of the three year corporate strategy and associated restructure announced to the market earlier in the year.

- In the United Kingdom, the Company has exited its corporate owned stores and is operating as the master franchisor. It is also winding down the United Kingdom personal loan book and expects to have that closed by December 2016. Lending ceased from 31 May 2016. CCUK has since returned $6.5m of cash to the parent Company. CCUK produced an EBITDA profit of $383.7K, for the quarter.

- In Australia, Carboodle has been closed and Green Light Auto Finance (GLAF) started. The focus of the business is to provide a car loan product rather than a complete car package. Early loan advances of the new vehicle finance company's principal and loan interest product have been encouraging. GLAF produced an EBITDA loss of $69.0K for the quarter.

- As advised previously, we have decided to reduce our small amount lending to a number of customer segments which will impact our overall SACC (Small Amount Credit Contract) loan volumes in Australia. This strategy has been implemented in the first quarter and lending volumes are down approximately 30%. This reduction has impacted profit accordingly, however the first quarter has benefited from interest earned from higher loan volumes written in the second half of last year.

The Australian business produced an EBITDA profit of $12.6 million down 30.4% on the corresponding quarter in 2016.

- To help offset this reduction in profit a new loan product, the MACC (Medium Amount Credit Contract) being a loan ranging in value from $2K to $5K was released to the market on 17 October 2016.

Search for Independent non-executive directors

The Company has engaged worldwide executive search firm Heidrick & Struggles to commence a search for two Independent non-executive directors to join the Board. It is anticipated that process will be completed within the next quarter.

Outlook

Managing Director Peter Cumins said: "We are making good progress with the implementation of the new corporate strategy we announced earlier this year. The key changes to our businesses in the United Kingdom and Australia are proceeding as planned and within our estimated budget. We are well positioned financially and we expect demand for our well established retail and pawn broking services to remain solid".

To view tables and figures, please visit:
http://abnnewswire.net/lnk/311ME322

Ralph Groom
Company Secretary
Cash Converters International Ltd
T: +61-8-9221-9111
WWW: www.cashconverters.com

Cardinal Resources Ltd (ASX:CDV) Investor Update

November 13, 2016, 6:46 pm

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≪ Previous: Cash Converters International Ltd (ASX:CCV) 1st QTR Update FY2017

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Cardinal Resources Limited (ASX:CDV) ("Cardinal" or "the Company") is pleased to announce the release of an investor update to coincide with Australian and International Analyst / Fund Manager site visit of the Namdini Project this week.

HIGHLIGHTS

- International group of analysts and fund managers to visit the Namdini Project

- 4Moz maiden resource has potential to grow - active drilling campaign underway

- Metallurgical testwork has achieved flotation gold recoveries of 90% contained within 2% to 3% of the original rock mass

- After flotation, potentially only 2% to 3% of the rock mass needs to be processed further to extract gold

- High grade (greater than 50 grams per tonne) gold concentrates have been produced in initial testwork

- Results indicate potential for a conventional milling-flotation-concentrate regrind-carbon in leach (CIL) operation

The site visit, commencing on the 17 November 2016, is well timed, following the recent release of the 4 million ounce (Moz) maiden JORC Resource at Namdini (refer to ASX announcement dated 7 November 2016 4 Million Ounce Maiden Resource at Namdini).

Flotation testwork indicates fast floating characteristics and an efficient 'mass pull', which has achieved 'rougher' (or first stage) flotation gold recoveries of 96% and 'cleaner' (or second stage) flotation gold recoveries of 90% contained within 2% to 3% of the original rock mass, for a 'cleaner' concentrate grade of 54.6g/t and a high sulphur content (48%).

The initial metallurgical testwork was conducted on a drill hole which was chosen due to its central location within the deposit with the occurrence of gold mineralisation in all three key lithologies (metavolcanics, granite and diorite). The metallurgical sample was collected so that it matched the percentage distribution of lithologies, based on the drilling information in May, and the mean composite gold grade above a notional 0.4g/t gold cut off. The metallurgical sample was also designed to match the typical range of gold grades within each lithology. A total of 332 kilograms (kg) were collected and arrived into the lab during July. Further metallurgical testwork is underway to expand and optimise the initial metallurgical testwork.

Commenting on the metallurgy results, Cardinal Resources Technical Manager Dr Julian Barnes:

"The initial metallurgical test work results are very encouraging. The tests indicate that there is good potential to produce a very efficient low mass 'pull', enabling us to work towards a flowsheet wherein it is possible to remove over 98% of the mineralised rock mass after the milling and flotation step. Tests have indicated that the resulting flotation concentrate has achieved 95% to 96% gold recovery into the rougher concentrate and up to 90% gold recovery into the cleaner concentrate, with high gold grades of up to 55g/t and a high sulphur content. This gives Cardinal a potentially robust processing flowsheet that can utilise a conventional crush-mill-flotationconcentrate regrind-CIL route which has been successfully applied in many operations worldwide."

Dr Barnes further commented that there were a number of key reasons why the results were so encouraging.

"Namdini is not a low-grade deposit when you look at it from a metallurgical viewpoint. Once you are through the flotation circuit, it can be considered a very high-grade deposit. After flotation, the mass of material requiring further processing is reduced to 2% to 3%. We can afford to do a lot to a potentially small daily tonnage like that, with a much smaller 'back end' of the plant.

"The efficient mass pull also means that you have the opportunity to work with a very high-value concentrate (approximately USD $2,000/t at current spot gold prices) which has attractive characteristics. In addition, the fast floating characteristics open up possibilities for an efficient flotation circuit which we will further enhance by testing with the latest developments in flotation technology."

Dr Barnes noted that results also highlighted the Namdini ore was amenable to SAG milling and Cardinal and their consultants have identified a wide range of additional options to increase gold recoveries from the current 'base case' recovery of 75% to 76%.

"The overall sulphur content of the master composite is around 1%," he said. "If this low overall average sulphur content is typical for the entire Namdini deposit, which we are assessing in our current metallurgical scan sampling programme, then we have the potential to further reduce the mass pull. An additional benefit of reducing the mass pull below 2% is that the head grade of the concentrate has the potential to increase, along with the sulphur content. The metallurgical scan sampling programme is designed to produce a three dimensional model of the entire Namdini deposit, detailing bottle roll cyanidation gold recovery, sulphur and carbon distribution along with a 49 element ICP scan in order to guide the next phase of metallurgical testwork."

"So there are a lot of factors we will work on, each of which could add incremental percentage recovery."

Managing Director Archie Koimtsidis said:

"Cardinal is encouraged by the maiden resource and metallurgical results. The size of the resource exceeded our expectations. The orebody remains open at depth and along strike and there is significant scope to expand our resource base with further drilling.

"An active diamond drilling campaign, currently comprising 4 drill rigs, is currently underway, targeting extensions to the existing resource."

The metallurgy results, while preliminary in nature, demonstrate the Company has a number of attractive options to consider, but all involve a project that can utilise conventional CIL processing technology."

Archie Koimtsidis
Managing Director
T: +61-8-9388-0944

Investor Relations:

Colin Jacoby/ Tony Dawe
PPR - Professional Public Relations
E: colin.jacoby@ppr.com.au
E: tony.dawe@ppr.com.au

Cardinal Resources Limited
P: +233-26-190-5220
Skype: cardinal.archie

Stanmore Coal Limited (ASX:SMR) Commencement of New Managing Director

November 13, 2016, 7:08 pm

≫ Next: Crater Gold Mining Limited (ASX:CGN) Maiden JORC Gold Resource at HGZ Project, Crater Mountain, PNG

≪ Previous: Cardinal Resources Ltd (ASX:CDV) Investor Update

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Stanmore Coal Limited (ASX:SMR) (Stanmore, the Company) today announces the commencement of the Company's new Managing Director Mr Dan Clifford. The appointment was announced to the market on 4 October 2016.

Mr Clifford has more than 20 years' experience in the coal mining industry and has worked in Australia, South Africa and New Zealand. He has substantial open cut and underground coal mining experience, including responsibility for major dragline and longwall operations under previous employers which include Glencore, Anglo Coal, BHP and Solid Energy.

He was appointed as Chief Executive Officer of Solid Energy New Zealand in 2014 when the company was facing significant financial pressures and very difficult market conditions for coal mining companies. During this period, significant achievements in health and safety and operational efficiencies were reached. In parallel with running the operations of Solid Energy, Mr Clifford has led the process of an asset sales program.

Previously Mr Clifford held the position at Glencore of General Manager of the Ulan Complex, New South Wales and has held roles with Anglo Coal and BHP Billiton in technical, operational and regional management roles.

Neville Sneddon, Chairman of Stanmore, said, "We are very pleased to have secured Dan's services and officially welcome him to the Company during this exciting phase for the coal industry. Dan will apply his vast operational and development experience to the significant opportunity within Isaac Plains and the rest of the portfolio."

Dan will be based in Brisbane. His appointment as Managing Director increases the number of directors to seven.

Mr Dan Clifford
Managing Director
T: +61-7-3238-1000

Mr Andrew Roach
Chief Financial Officer & Company Secretary
T: +61-7-3238-1000