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MZI Resources Ltd (ASX:MZI) Chairman's Address

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MZI Resources Ltd (ASX:MZI) is pleased to provide the Chairman's Address for 2016 Annual General Meeting.

MZI's evolution to date has been pronounced. Over the past year the Company has delivered on significant milestones. We completed and commissioned the Keysbrook Mineral Sands Project, and started mining, processing, and shipping thousands of tonnes of premium mineral sands products to customers around the world.

Having established this strong platform, MZI is now in the midst of a transformation. Keysbrook is currently in ramp-up, moving from an early-stage operation towards meeting design capacity and delivering steady state production.

In my address today, I will detail the measures that are being undertaken to support this transformation and outline the short, medium, and long term initiatives set out by the Board that will best position MZI to generate value for shareholders from our high quality asset.

Operational review

Firstly, I would like to take a moment to reflect on what MZI has been able to achieve in a short time frame. In recent years very few mining projects have been developed in Western Australia due to challenging market conditions, including mineral sands projects. Against that backdrop MZI has developed our flagship Keysbrook Project.

This project went from a final investment decision in November 2014 to first mining in October 2015. In November 2015 MZI was processing ore and just one month later we started shipping product to our offtake customers around the world. That a Greenfield project was able to be successfully developed ahead of schedule and within budget in the current environment is a significant achievement for MZI and full credit must go to all the people who brought that to fruition.

Since the Keysbrook plant was commissioned, our operational focus has been on ramping up the plant to meet design capacity through improving heavy mineral recovery, delivering sustainable throughput rates, and ensuring plant reliability. As part of this, MZI has targeted enhancements at our Wet Concentrator Plant in order to increase Heavy Mineral Concentrate recoveries and grade. Increasing grade is important, as it will ensure MZI achieves greater product recoveries during downstream processing at the Mineral Separation Plant in Picton, performed under a toll treatment agreement with Doral.

As with many early-stage operations, MZI has experienced challenges during the past year in ramping up Keysbrook to design capacity. This has been frustrating for the Board and we appreciate that shareholders would share our sentiments. Importantly, MZI has made significant headway in identifying the enhancements and optimisation improvements required to deliver on this ramp up, which I will elaborate on later in my address.

Notwithstanding these challenges, progress has been made. For example, MZI has continued producing and selling our high quality mineral sands products throughout the year, and by the end of September 2016 the Company had shipped more than 41,000 tonnes of product to offtake customers. In April we formally opened the Keysbrook operations, and shortly thereafter trebled our Ore Reserve. We have also been fully engaging with and consulting our neighbours as well as all surrounding stakeholders and local community. To provide some context, the Keysbrook project is located in a predominantly farming area approximately 70 kilometres south of Perth. As a miner and producer, MZI is highly cognisant of its responsibilities to the local community and the environment, and we will continue to liaise closely with these important stakeholders.

Leadership transition

With MZI's operational transformation now underway, the Company's leadership team has concurrently been transformed in recent months. This closely aligns with MZI's evolution from a project developer to a fullyfledged mineral sands producer. The Board's objective is to ensure that MZI has the right experience and expertise to draw on as the Company completes its ramp-up to full-scale production and then enters the next phase of its evolution.

At the Board level, in August 2016 MZI announced that Mal Randall would be stepping down as Chairman as part of the Board succession planning. Having the honour of taken the reins from Mal as Chairman, I would like to take this opportunity to pay tribute to his outstanding contribution to the business. Mal has been on the Board since 2006 and was Chairman for much of that period. He oversaw our development from a junior explorer, through securing the approvals necessary for mining activity and financing the project, and then the construction and successful commissioning of the operation, putting the company on track to becoming a producer of premium quality mineral sands. Without his considerable efforts, Keysbrook would likely not be in operation today. Today Mal is resigning as a Non-Executive Director. On behalf of the Board, I take this opportunity to thank Mal for his significant contribution and dedication to the Company, and I want to wish him the very best in his future endeavours.

Earlier this month, the Board and Trevor Matthews concluded that the time was right to transition to a new Managing Director. Trevor's resignation followed four and a half years serving as MZI's Managing Director, during which time he successfully developed the Keysbrook Project. The Board and Trevor mutually agreed that, with Keysbrook having been developed and now ramping up from early-stage operation towards steady state production, the time was right for the leadership transition to occur.

To begin this process, MZI Independent Non-Executive Director Dr Steve Ward has been appointed as interim Managing Director while an executive search is conducted. Steve has more than 30 years' experience in mining and mineral processing, particularly in mineral sands and related products. He has held executive and board positions at well-known mineral sands producers, has extensive public company experience, and is highly familiar with MZI's operations. I can assure you that Steve is extremely focused on driving the business forward and is highly committed to progressing MZI's transformation. I thank Steve for stepping into this role. Steve is being well supported by Kevin Watters, who was concurrently appointed as permanent Head of Operations, succeeding Chief Operating Officer Mike Ferraro. I also want to today acknowledge and thank both Trevor and Mike for all they achieved during their time at MZI.

Outlook

As I said at the start of my address, MZI is at an exciting point in its evolution. Our flagship Keysbrook project is undergoing a transformation from early-stage operations to ramping up to meet design capacity and deliver steady state production. The Board's focus is on ensuring MZI generates value from our high quality Keysbrook project for shareholders. There is already a strong platform in place upon which to do this and we have set out a number of initiatives to ensure that we successfully build on this platform.

Over the coming months, our priority is to build on the production ramp-up that has been achieved to date at Keysbrook, by completing the plant enhancements required to achieve targeted production rates. As part of this, MZI will remain in active dialogue with our neighbours, the local community, and regulatory environment. We consider a strong relationship with these stakeholders as essential for our success.

An example of these plant enhancements is the flagged installation 48 large capacity spirals. MZI recently received shire approval and regulatory permits for the spirals. I can report that the spirals have now been installed and are currently undergoing commissioning. These spirals are expected to increase heavy mineral concentrate recoveries in the WCP and deliver a higher grade concentrate product from the WCP, which will in turn support the MSP in its ramp-up to operating design levels. As part of the plant enhancements we are also focused on ensuring that MZI implements the most efficient and cost effective mining operations.

In addition, MZI's nomination committee has commenced a process to appoint a new Managing Director. This process is about MZI finding a candidate that will build on our strong platform by leading the Keysbrook transformation, strengthening the Company's relationship with its stakeholders, and taking the Company to the next stage of its evolution. In the meantime, I know Steve is committed to delivering the Keysbrook enhancements and his focus is to further progress the business.

MZI's ability to fund this transformation is supported by a US$16 million debt funding package from Resource Capital Funds. A term sheet is now in place for the second tranche of US$10 million, with final conditions and detailed documentation being worked through. It should also be noted that MZI recently met a key milestone by delivering positive operating cash flow in the September 2016 quarter. This was despite Keysbrook not yet running at design capacity. With this debt funding package and the improvements being made to the plant, the Board is confident we have the financial flexibility to deliver on this transformation to Keysbrook.

Looking beyond our immediate priorities which are aimed at ensuring that the business can consistently and reliably meet its production rates, our intention is to then build on this platform and continue with the transformation of the business. For example, operationally we will continue to identify and implement further improvements and optimisation activities at Keysbrook and throughout the process chain to increase productivity, enhance operational performance, and improve financial outcomes. We will also review our existing balance sheet structure and consider how this could be simplified for the benefit of all MZI shareholders. It should also not be forgotten that the Keysbrook project hosts a world-class zircon and leucoxene orebody with long life. I have great confidence in the long-term value of this asset and our ability to become a supplier of choice with customers.

In this regard, MZI has a number of factors in its favour. Firstly, there are signs of renewed market optimism and positive demand outlook for our products, particularly in the titanium sector, where there has also been some depletion of pigment inventories. The mineral sands sector has also seen a consolidation and contraction of supply over the last few years, with a lack of investment more broadly in new projects, so new supply to meet any increasing demand is likely to be some way off. Our ability to develop and commission a project successfully during the low point of the cycle and also be adaptable, positions MZI well to take advantage of any upswing.

Secondly, Keysbrook is located in a stable regulatory environment here in Western Australia, a key advantage in the mineral sands market.

Thirdly, Keysbrook hosts a quality ore body. We hold Ore Reserves equivalent to more than 15 years of production at designed output rates and total Mineral Resources equivalent to over 30 years of production. We also believe that our leucoxene products offer a potentially attractive value-in-use proposition for our customers, and there is an opportunity to brand and market leucoxene as a premium product. As we increase production output we will also be able to broaden our customer base, and discussions with users are already taking place.

What we need to focus on, firstly, is getting the Keysbrook project right, to the point where it operates reliably and sustainably as per design and delivers consistent outputs and results. In this regard the team has a clear path to ensure such operational and financial objectives. Moreover, I can assure you the Board is committed to ensuring that MZI captures the value from our high quality asset. We will continue to consider a range of growth initiatives to develop these opportunities over the longer term.

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

Media
Adrian Watson
FTI Consulting
T: +61-8-9485-8888 or +61-419-040-807
www.mzi.com.au

Topbetta Holdings Ltd (ASX:TBH) CEO AGM Address

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Topbetta Holdings Ltd (ASX:TBH) is pleased to provide the CEO AGM Address at Annual General Meeting.

CEO Address - Todd Buckingham

It's been almost 12 months since we listed on the ASX in December 2016.

When we listed the Company we believed we had the base and core group to develop this company into a substantial business in online wagering here in Australia. The last 12 months have certainly proven that TopBetta is a force to be reckoned given the challenges we have faced all the while propelling the business into a new and exciting era.

We foreshadowed a change in licensing when we listed in December and we successfully transitioned our license to the Northern Territory jurisdiction.

Being one of more than 30 companies licensed in Norfolk Island, TopBetta became the first to transition across to the NTGC going through a rigorous 3rd party auditing process across all components of the Company and business, proving that our infrastructure and systems are world class.

Not to stop there, we decided it was time to expand internationally and we have since been granted a Category2 eGambling B2B wagering license by the Alderney Gambling Control Commission along with working through the process of being licensed by the UK Gambling Commission which will see the TopBetta business expand into the UK in the first quarter of 2017.

TopBetta tournaments and wagering

The last 12 months have seen TopBetta run in excess of 5300 tournaments paying out more than $5.6M in prize value, by far and away the most significant fantasy platform in Australia.

In the last 12 months, TopBetta processed more than $30M in wagers with greater than 450% increase in the first four months of FY2017 to FY2016.

After the successful launch of the new website last year we have continued to develop and build upon the platform which has seen some major achievements and additions throughout the year.

These include new interfaces, mobile Apps, sports and race multis and many more.

More importantly this has created a very good base from which we can leverage our technology and, unlike many in the wagering space, we have developed every line of our code which means throughout 2017 you will see some features on the TopBetta platform that you will not see on any other website.

These features are exciting as we move the platform into the personalization space with greater focus on social participation. Hopefully you won't need any other app other than your TopBetta App to talk to your mates, challenge your mates and place and share your bets.

The Global Tote

We have always thought about the punter first and foremost when delivering product and this is how we identified the concept the Global Tote.

How could punters get a fairer go without it being at the expense of bookmakers? Bigger odds, no restrictions and all the while delivering a no risk product for the bookmaker.

The Global pari-mutual market is ripe for disruption and TopBetta Holdings are now in a position to make a play at this opportunity. This market is the biggest in Global wagering and has not been disrupted since BetFair made an appearance in the early 2000's.

While a soft launch is expected in December this year, the commercialization of the Global Tote will happen throughout CY2017.

With a product such as the Global Tote, it requires a number of items to line up with none more important than technology and regulation.

We are now in a confident position having addressed both of these challenges and it now comes down to execution.

We plan on building a team of executors for this project as it sets out to change the game.

The next 12 months

It's an exciting time at TopBetta as we ramp up the business both domestically and internationally.

2017 is set to put TopBetta on the map as a real player in the online gaming and wagering space here in Australia. In an industry that has had its fair share of regulatory and government pressure, as a small company we have weathered the storm and positioned ourselves to be able to be the big mover in the industry throughout the year.

Upgraded platforms, New products, Unique features will be on the cards throughout the year as we move one step closer to the best betting application available to punters.

2017 will also see the launch and growth of The Global Tote product. In what can only be described as the biggest disruption in the wagering space since the tote was first created, the Global Tote has the potential to move the needle, for operators, racing bodies and more importantly for the punter.

To view the full release, please visit:
http://abnnewswire.net/lnk/IJZV7P0P

Charly Duffy
Company Secretary
E: companysecretary@topbetta.com
T: +61-3-9614-2444

Jane Morgan
Investor & Media Relations
E: investors@topbetta.com
T: +61-405-555-618

XPED Ltd (ASX:XPE) Q&A with the Managing Director

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Xped Limited (ASX:XPE) ("Xped" or "the Company") is pleased to provide the following responses from MD Mr Martin Despain to questions raised recently by investors:

Q. Marty why would you leave Intel to join a small Australian company such as Xped?

Just to be clear, I loved working at Intel and was not actively exploring leaving Intel. However, having met with the Xped team while at Intel, I was particularly impressed with their technology, and their key personnel. Xped's Auto Discovery Remove Control ("ADRC") technology platform has the potential to be a major player in the emerging IoT infrastructure market. I see joining Xped, particularly at this stage, as an exciting opportunity to utilise my experience and industry connections to significantly grow the Company.

Q. Since joining Xped in late September what has been your focus to date?

My first task was to sit down with the board and management and undertake a review of all activities and opportunities to date within the organisation. This review has allowed us to focus our strategy on core technologies, and the delivery of a broader platform which will result in licensing agreements, maximising revenues and growth opportunities. As a result of this review Xped has temporarily sidelined projects such as WirebyClick, Tytronics, and Leapin in favour of larger projects with greater future potential. My next tasks were the release of the investor presentation and the development of an updated roadmap. The roadmap sets the direction and focuses on the near-term revenue generating opportunities with key partners and channels rather than extending ourselves on unqualified outcomes, so that we maintain an emphasis on moving our technology from development into product execution.

Q. Xped has announced it has successfully ported ADRC technology onto several chipsets. What happens from here?

Porting is the first step. The porting is a significant technical achievement and is the most difficult part of the design cycle, it is the initial step in the path to revenue. From here we enter next phases including testing & verification, software development, licensing agreements with silicon vendors, design wins with ODM and OEM partners, and finally production. I am confident with the team that we have, and with the opportunities OEMs and ODMs that are currently in discussion, that Xped will be able to transition from our MOU deliverables in 2016 through these phases to revenue in 2017.

Q. Ok so you have had some discussions with OEM's and ODM's since you joined Xped and are you able to provide any further information?

I was fortunate that Xped already had key interest from several partners and channels in place when I joined, and my role is to expand on these channels and build opportunities. I have recently spent considerable time with vendors, ODMs, and OEMs in Taiwan, Shenzhen, and the USA. While we cannot reveal names due to non-disclosure agreements, I can tell you that the Xped value propositions of Tap, Xped App, RML, and Gateway Software have been very well received. I expect we will be able to provide further updates soon.

Q. It is frustrating that names of companies are suppressed, and leads to speculation, why canft the market be told?

Yes, it is frustrating, as both myself and fellow board members would be delighted to be allowed to mention some of the companies involved. Unfortunately, it is a requirement of the agreements that the Company suppresses the identity until all terms are satisfied by the parties. It is frustrating for everyone but given that Xped its relatively small on a global scale we are extremely excited to be working with two US Listed companies. These are not small companies we are dealing with, they want delivery and validity of the technology before any names and association can be released as the expectation is to lead into formal and binding agreements.

Q. What is Xped's core strategy for revenue generation and technology delivery?

We will start by focusing on securing licensing and maintenance revenue, continue to grow the margins with professional services, and as we reach scale we will have the potential to capitalise on API metering and management services. These were outlined in the investor presentation.

Q. What do you see as the target markets for Xpedfs IoT technology?

We will lead with the smart health and aging in place segment. This segment already has a very well-defined value proposition and a massive upside. This is why the acquisition of JCT was so important. We are also very focused on opportunities in the building and enterprise segment, which we are currently exploring with Vital Xense a system integrator in this segment. We will also continue to aggressively approach the smart home segment. While the value-proposition is a bit harder to define at this time, it is too big of a market to ignore.

Q. What opportunities are being pursued with JCT?

JCT Healthcare has some excellent technology, both in software and hardware, which is used in hospitals, nursing homes, disability and aged care. Xped is working with JCT to provide an end-to-end health care solution that integrates the JCT solutions with Xped technologies. This will provide a market leading solution, and provide a template for a platform that can be widely implemented in existing markets, as well as the emerging inhome care markets.

Q. Do you have an updates or progress with Vital Xense?

I recently met with Vital Xense to review status and refine timelines and expectations for product release. John and the Engineering team are working closely to deliver the DiscoverBus solution for Vital Xense to deploy as part of their technology offering in Data Centres. We expect to complete our delivery requirements for Vital Xense by the end of December. Xped has also been working to customise and develop a software application with Vital Xense for their clients.

Q. What is the latest status regarding Complex Semiconductor/Lenze?

Lenze is a manufacturer of various high volume consumer electronic products for the mainland China market. As previously announced, Xped has formed a joint venture in China with Complex Semiconductor which is a subsidiary of Lenze. The Company to date has established a number of overseas entities to meet the terms of the agreement. The intention is that the joint venture will produce products containing ADRC technologies that work with the Xped App from which Xped will earn a share of the revenue.

Production of Lenze's car audio and accessory devices is forecasted to reach up to 10 million units per month. Xped and Lenze are working together on a new version of one of their car audio accessories that uses Bluetooth technology and is controlled via the Xped App. The software being developed by Xped is in its final testing phase and is ready to be released to Lenze for their approval. The hardware being developed by Lenze is also in its final testing phase. The Bluetooth device enablement technology that we developed for this project will also be integrated into our base Xped app allowing us to extend the range of the Xped app to control several popular Bluetooth enabled devices in the market in the Q1 2017 time frame. While extension of the feature set will not drive additional licensing revenue, it will be the first step in subscriber acquisition to our Xped app, as well as give us the ability to truly test our back-end solutions for subscriber and device management. As discussed earlier, as we scale this solution set, we will have opportunities to monetize via API management and metering as our customers access the data being generated.

Q. How is the company tracking with resourcing, and how do you plan to expand?

Xped has a real focus on engineering, technology and product development. We continue to invest in this area having recently brought on more engineers with expertise in firmware and software development to expedite key project delivery timeframes. We also continue to refine our 3rd party outsourcing strategy to optimize for flexibility, and speed in terms of allowing us to scale. Put simply, we will control our core intellectual property by building a small but world-class engineering organization, we will then scale this technology by taking advantage of system integrator and 3rd party engineering teams.

Q. The company sought to raise more money recently. Why?

The organisations that Xped are seeking to license our technology with, are very large multi-national corporations, that expect to see a well-capitalised Xped, which offers long term surety to reduce their own risk and exposure. I spoke with the Board requesting additional funds that were needed to grow the sales and marketing channels along with acquisition development costs to ensure the Company had necessary cash reserves going forward. It was decided to seek the additional capital and close the funding now given the interest in the Company rather than wait until the new year when market outlook could easily change and raising funds could prove to be difficult. Athan has done a great job raising the funding through a convertible note with global fund "L1 Capital Global Opportunities Master Fund" at a premium to the share price. This required the Company to enter a short period of suspension to finalise the agreements, which were being negotiated on the cusp of the US elections. In accepting the $10m faciliy, the Company decided to cancel the placement and chose to offer an SPP to existing shareholders with a 1:1 attaching option. The company values its shareholders and would rather offer a capital raise via an SPP to its existing shareholders rather than seek additional funds from new investors.

Q. Finally what are your thoughts on the Open Connectivity Foundation (OCF)?

Chris Wood our CTO is our key resource on the OCF due to the heavy technical focus. I am pleased that we are Platinum members of the OCF. By participating in their Smart Home Project, Health Care Project, Data Model Working Group, and their Core Architecture Technical Group we can be proactively providing input with the view to improve the OCF technology with elements of ADRC. From a BD perspective is it a great door opener and has already provided some excellent connections that will be pursued.

For Xped Enquiries:
Company Secretary
T: +61-3-9642-0655
F: +61-3-9642-5177
E: info@xped.com
www.xped.com

Corporate Enquiries:
Seneca Financial Solutions
Cameron Low
T: +61-3-9245-6206
E: cameronl@senecafs.com.au

Orocobre Limited (ASX:ORE) (TSE:ORL) Partnership with Advantage Lithium on Exploration Projects

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Orocobre Limited (ASX:ORE) (TSE:ORL) (Orocobre or the Company) today announced that it will divest a number of lithium brine exploration projects which are currently held through Orocobre's Argentine subsidiary South American Salars SA (SAS) to Canada's Advantage Lithium Corp. (CVE:AAL) (Advantage Lithium).

- Conference call to be held at 12.00pm AEDT (Sydney) - details at the conclusion of the announcement

Under the terms of a Letter of Intent (LOI) executed by the parties, Advantage Lithium will issue to Orocobre 40,622,200 common shares valued at approximately US$37 million as at 22 November 2016 in consideration for the acquisition of the exploration projects.

Advantage Lithium is required to complete an equity financing of between US$15,000,000 and US$25,000,000 jointly managed by Dundee Securities Ltd and Canaccord Genuity Corp at an issue price of C$1.00. The funds will allow Advantage Lithium to rapidly advance the exploration projects in the northern provinces of Argentina. Orocobre's shareholding in Advantage Lithium post raising will represent between 31.1% and 34.6% of the outstanding common shares (on a fully diluted basis).

Orocobre will not participate in the equity financing.

Following execution of a Definitive Agreement, anticipated to be finalised in the next month, Orocobre will be entitled to appoint two nominees to the Board of Directors of Advantage Lithium, which on completion will comprise six Board members.

The LOI with Advantage Lithium includes exploration projects with a total area of approximately 85,000 hectares in the northern Argentine provinces of Jujuy, Salta and Catamarca in Argentina's lithium triangle.

Orocobre and Advantage Lithium will enter a 50/50 joint venture for the more advanced Cauchari Project. Advantage Lithium will earn a further 25% interest in this property by the expenditure of US$5m over three years or completion of an NI 43-101 compliant feasibility study in that period.

Property      State   Area (ha)  Interest 
Cauchari     Jujuy     27,771     *50% 
Incahuasi    Salta      9,843     100%
Antofalla    Salta     10,653     100%
Guayatoyoc   Jujuy     21,276     100% 
Other applications 
pending              ~ 16,000     100%

* Advantage Lithium will have an initial 50% interest that can be increased to 75% (see paragraph below)

As detailed in the accompanying ASX/TSX announcement headed "Orocobre partners with Advantage Lithium - Technical Details of Cauchari Flagship Lithium Asset" the Cauchari project hosts a near-surface, inferred resource containing approximately 470,000 tonnes lithium carbonate equivalent (LCE) (230 million cubic meters of brine at average grades of 380 mg/L lithium). Lying beneath the inferred resource is a large exploration target of between 0.25 million tonnes and 5.6 million tonnes of lithium carbonate equivalent based on a range of porosity and grade possibilities to between 220 metres and 450 metres depth.

Orocobre will retain a 1% gross royalty on production from the Cauchari properties, and will have rights of first refusal on future brine production.

The Cauchari project is located 20 kilometres south of Olaroz and adjacent to the development project of Lithium Americas Corp and SQM. The newly created Joint Venture between Orocobre and Advantage Lithium will benefit from its proximity to the Olaroz Lithium Facility and from the Joint Venture's ability to access the experience of Orocobre in lithium project development.

CEO and Managing Director, Richard Seville said,

"By partnering with Advantage Lithium this transaction will enable the high potential assets in our exploration portfolio to be developed and advanced without the need for any further input of capital or management time by Orocobre whilst allowing us to maintain our focus on our current production and expansion plans at Olaroz and Borax Argentina.

Our decision to partner with Advantage Lithium attests to the high regard with which we hold the Advantage Lithium team at both the Board and technical level and we look forward to working closely with them."

About Advantage Lithium Corp.

Advantage Lithium Corp. is a resource company specializing in the strategic acquisition, exploration and development of lithium properties and is headquartered in Vancouver, British Columbia. Common Shares are listed on the TSX Venture Exchange under the symbol "AAL". The company is earning an interest from Nevada Sunrise Gold Corp., in a portfolio of five lithium brine projects in the Clayton and Lida Valley regions of Nevada, USA, together with certificated water rights in the Clayton Valley. The company has also entered an LOI agreement to earn interest from Radius Gold Inc. in four lithium brine projects in the states of Chihuahua and Coahuila, Northwest Mexico. In addition, the company has signed a definitive agreement to acquire 100% of the Stella Mary's lithium brine project in Argentina's Lithium Triangle. Further information about the company can be found at www.advantagelithium.com.

Details of the Letter of Intent

The terms and conditions of the acquisition will be set out in the Definitive Agreement.

As consideration for the projects, Advantage Lithium will issue to Orocobre 40,622,200 common shares in the capital of the Company which will represent no less than 31.1% of the outstanding common shares of Advantage Lithium on completion of the capital raising (calculated on a fully-diluted basis).

The completion of the acquisition (Closing) will occur on the second business day after satisfaction or waiver of the conditions to Closing as set out in the Definitive Agreement, or such other date as Orocobre and Advantage Lithium may agree (and in any event within 90 days unless otherwise agreed).

Closing is subject to a number of conditions that will be set out in the Definitive Agreement, including:

- the receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange;

- the receipt of all shareholder and Director approvals required by Advantage Lithium;

- the completion of satisfactory due diligence by each of Advantage Lithium and Orocobre;

- completion by Advantage Lithium of an equity financing to raise gross proceeds of not less than US$15,000,000 (and a maximum of US$25,000,000);

- completion of a technical report on the exploration projects, prepared in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects; and

- no material adverse change in the business, operations, results, prospects, properties or assets of Advantage Lithium having occurred prior to Closing.

The parties will enter into voluntary escrow agreements in respect of the shares to be issued to Orocobre and the shares held by current Advantage Lithium insiders. Final terms of the escrow agreements will be detailed in the Definitive Agreement.

Orocobre will have a pre-emptive right to maintain its proportionate interest in Advantage Lithium by participating in future offerings of securities by the Company provided that Orocobre holds at least 10% of the issued and outstanding common shares of Advantage Lithium. Orocobre will also have the Board representation rights described above.

Orocobre will have a right of first refusal over any direct or indirect sale by Advantage Lithium of all or any portion of the Cauchari properties, and Orocobre will be entitled to re-acquire the Cauchari properties pursuant to an agreed valuation process in the event of a change of control of Advantage Lithium.

EVENT CALL PARTICIPANT DIAL IN NUMBERS

Australia Dial-in Number 1800 804 360
International Dial-in Number +61 3 8687 0581

SYDNEY, MELBOURNE 12.00 pm AEDT
BRISBANE 11.00 am AEST
SINGAPORE, HONG KONG 9.00 am

To view tables and figures, please visit:
http://abnnewswire.net/lnk/5MU5W8G6

Richard Seville 
Managing Director
T: +61-7-3871-3985 
M: +61-419-916-338
E: rseville@orocobre.com

Andrew Barber
Investor Relations Manager
Orocobre Limited
E: abarber@orocobre.com
T: +61-7-3871-3985

Speedcast International Ltd (ASX:SDA) Successfully Completes Retail Shortfall Bookbuild

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Further to the announcement on 23 November 2016 regarding the completion of the retail component of the entitlement offer, SpeedCast International Limited (ASX:SDA) (SpeedCast) is pleased to announce the successful completion of the retail shortfall bookbuild (Retail Shortfall Bookbuild) as part of its fully underwritten 2 for 3 accelerated renounceable entitlement offer (the Offer).

Summary

- Approximately 8.8 million retail entitlements were sold in the Retail Shortfall Bookbuild

- The Retail Shortfall Bookbuild had a clearing price of AUD 3.10 per share

As the Retail Shortfall Bookbuild did not price above the Offer price of AUD 3.10, eligible retail shareholders who did not exercise their entitlements, and ineligible retail shareholders, will not receive any value for retail entitlements offered in the Retail Shortfall Bookbuild on their behalf.

Shares taken up under the Retail Entitlement Offer are expected to be allotted on Tuesday, 29 November 2016 and will commence trading on Wednesday, 30 November 2016.

Commenting on the completion of the Offer, SpeedCast's CEO, Pierre-Jean Beylier, said, "The completion of the offer is a significant milestone towards the acquisition of Harris CapRock, a transformational opportunity for SpeedCast. We are delighted with the support received from our retail and institutional shareholders and are excited to share our future successes with them."

The completion of the Retail Shortfall Bookbuild concludes the approximately AUD 295M accelerated renounceable entitlement offer to fund the acquisition of Harris CapRock from Harris Corporation.

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

Investor Contact Information:
Ian Baldwin
Chief Financial Officer
SpeedCast International Limited
T: +61-432-680-746
E: ian.baldwin@speedcast.com

Atrum Coal NL (ASX:ATU) John Wasik and Steve Boulton Retire from the Atrum Board

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Atrum Coal NL ("Atrum" or "The Company") (ASX:ATU) (OTCMKTS:ATRCF) advises that non-executive directors, Mr John Wasik and Mr Steve Boulton have elected to retire with immediate effect for personal reasons, and the vacancies allow the appointment of new directors to facilitate the Company's anthracite development strategy.

Bob Bell, Executive Chairman, commented: "John has elected to stand down from both the Atrum Coal NL and Kuro Coal Ltd boards for personal reasons. He has been a great support at Board level and I know both companies will miss his contribution and expertise. The Board thanks Mr Wasik for his dedicated service and wishes him continued success in his future endeavours."

Steve Boulton has also elected to retire from the Board and will similarly be missed for his contribution and expertise. The Board thanks Mr Boulton for his dedicated service, and also wishes him continued success."

"The vacancies provide an opportunity for Atrum and Kuro to appoint new directors who will assist us advance Groundhog and generate revenues from US anthracite sales."

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

Horizon Oil Limited (ASX:HZN) Maari Oil Field Precautionary Shut-in

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Horizon Oil Limited (ASX:HZN) (OTCMKTS:HZNFF) advises that OMV New Zealand, operator of the Company's Maari oil field, has taken the precautionary step of suspending production and de-manning the Maari wellhead platform. As set out in OMV New Zealand's media announcement issued this morning (attached), the precautionary step has been taken as a result of bad weather approaching this weekend and the identification of a fatigue crack identified in the one of the 12 horizontal platform struts. Support vessels and equipment will shortly be on hand as finalisation of the previously advised water injection repairs is scheduled to commence in early December.

- Fatigue crack found in one of 12 horizontal struts on Maari wellhead platform

- Operator OMV NZ shut-ins production and de-mans the platform as precautionary measure until repairs compete

The operator of the Maari oil-field, OMV New Zealand, has ceased oil production and is de-manning the Maari wellhead platform (WHP) as a precautionary measure while it deals with a crack found in one of the platform's horizontal struts.

"The crack is about 1.4 metres long, on the third level down, and 4m below the waterline. It was identified this week, and came to light as a result of scheduled underwater checks of the platform which began on November 1," says Mr Gabriel Selischi, OMV's Senior Vice-President for Australasia.

"We have taken expert external advice which confirms there is no risk to people or the environment. There are 12 horizontal struts and the six levels of the structure are supported by 4 structural legs, consolidated by 20 vertical cross-members. So the platform is very flexible, and has a high level of built-in redundancy."

"Level 3 of this platform is the most exposed to the pressures generated by wind and wave action, so that's why as operator we undertake regular checks," he says.

"The issue is that we have bad weather approaching this weekend, and New Zealand also has a heightened earthquake risk, so we are taking a precautionary approach. 13 of the 34 staff on the WHP left the WHP yesterday, more will leave today and the remainder tomorrow. Production ceased yesterday and the wells were shut-in.

"Work has started on stabilising the crack and we are actively monitoring it meantime. We've engaged specialist advisors to assist in this work, and have been keeping both WorkSafe and Maritime New Zealand fully informed.

"Production was due to be shut in on 5 December in any event to allow for the completion of a water injection flowline installation, so support vessels and equipment will shortly be on hand.

The Maari oilfield

The Maari field is located 80 km off the Taranaki coast in water depths of about 100m. It is operated by OMV New Zealand Ltd (69%) on behalf of the Maari JV which includes Todd Maari Ltd (16%), Horizon Oil International Ltd (10%) and Cue Taranaki Pty Ltd (5%).

OMV New Zealand

OMV New Zealand is one of the country's largest liquid hydrocarbon producers, the third largest gas producer, and a major explorer in a number of offshore basins around New Zealand, particularly the Taranaki Basin. It has been active here since 1999 when it acquired shares in the Maari oil discovery which it developed and now operates. Focusing strictly on exploration and production in New Zealand, OMV New Zealand also holds shares in the Maui and Pohokura gas fields. It also currently holds interests in ten exploration permits, eight as operator. OMV New Zealand is a subsidiary of OMV Aktiengesellschaft, parent company of OMV Group.

OMV Aktiengesellschaft

With Group sales of EUR 23 bn and a workforce of around 24,100 employees in 2015, OMV Aktiengesellschaft is one of Austria's largest listed industrial companies. In upstream, OMV focuses on three core regions - CEE (Romania, Austria), North Sea as well as Middle East and Africa - and selected development areas. 2015 daily production stood at approximately 303 kboe/d. In downstream, OMV has an annual refining capacity of 17.8 mn tonnes and approximately 3,800 filling stations in 11 countries as of end of 2015. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany. In 2015, gas sales volumes amounted to 110 TWh.

Mr Michael Sheridan
Chief Financial Officer / Company Secretary
Phone: +61-2-9332-5000
Facsimile: +61-2-9332-5050
Email: exploration@horizonoil.com.au
www.horizonoil.com.au 

Media contact: 
Brian Small 
+64-21-362-730

Dyesol Ltd (ASX:DYE) 2016 AGM - Chairman's Address and MD Presentation

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Dyesol Ltd (ASX:DYE) (OTCMKTS:DYSOY) is pleased to provide the company's Chairman's Address and MD Presentation at 2016 AGM.

CHAIRMAN'S ADDRESS

- Solar companies continuing to face headwinds, despite strong market growth;

- Solar business models are failing;

- Dyesol is careful in choosing where and how "to play";

- PSC is emerging as a truly disruptive technology - LCOE projected to as low as US3.5 - 4.9 cents;

- Dyesol is focused on the execution of a very disciplined scale up its PSC technology and is on schedule;

- Dyesol is creating wealth for shareholders by continuing to develop key IP, registered and unregistered;

- We have good visibility of the global market place and we are confident of our first mover advantage and leading the world in the industrialisation of PSC.

FY 2016 HIGHLIGHTS

QUARTER 1

- Quarterly Technical Advisory Board milestone achieved - 1,000 hours Light Soaking Stability (IEC 61646);

- Dyesol UK awarded EUR650,000 in European Horizon 2020 grant for development of laserassisted, glass-frit sealing on metal substrates;

- Dyesol awarded A$450,000 ARENA Measure for LCOE study;

- A$3.3M ATO R&D Rebate for FY2014.

QUARTER 2

- Quarterly Technical Advisory Board milestone achieved - 1,000 hours 85 DEG C Thermal Stability (IEC 61646);

- ARENA Measure successfully completed demonstrating LCOE 10 - 13 Australian cents in 3 separate locations;

- Dyesol partner EPFL achieves accredited 21.02% world record for Perovskite Solar Cells;

- A$8 million raised from institutional placement and retail Share Purchase Plan.

QUARTER 3

- Quarterly Technical Advisory Board milestone achieved - 7% conversion efficiency strip cells on metal substrates;

- VDL Enabling Technology Group of The Netherlands appointed as Major Area Demonstration prototype development partner;

- Turkey Update immediately following failed military coup;

- Dyesol enters All Ordinaries Index.

QUARTER 4

- Quarterly Technical Advisory Board milestone achieved - 13% conversion efficiency for Porous Carbon strip cells under IV testing;

- Turkey Update - communications restored with Turkish ministry, TKB and NESLI DSC;

- Provisional patent filed for efficiency enhancing halide ion doped TiO2;

- VDL ETG Phase 1 (Feasibility and Functional Specification) completed.

To view the presentation, please visit:
http://abnnewswire.net/lnk/6738XD9N

Dyesol Headquarters: 
Richard Caldwell
Managing Director
T: +61-2-6299-1592 
E: information@dyesol.com

Germany & Europe: 
Eva Reuter, Dr Reuter 
Investor Relations 
T: +49-177-605-8804
E: e.reuter@dr-reuter.eu

Liquefied Natural Gas Ltd (ASX:LNG) Magnolia LNG Project - Update from FERC

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On April 15, 2016 the US Federal Energy Regulatory Commission (FERC) granted Magnolia LNG, LLC (Magnolia), a wholly owned subsidiary of Liquefied Natural Gas Limited (ASX:LNG) (OTCMKTS:LNGLY) authority to site, construct, and operate new facilities (Magnolia LNG Project) at a proposed liquefied natural gas (LNG) terminal in Calcasieu Parish, Louisiana for the liquefaction and export of natural gas. Subsequently, on May 16, 2016, Sierra Club filed a request for rehearing.

LNGL and Magnolia are pleased to report that on November 23, 2016, FERC issued its Order on Rehearing fully reaffirming its April 15, 2016 authorization of the proposed Magnolia LNG export facility. In doing so, FERC entirely rejected the Sierra Club's arguments, basing its rejection largely on recent decisions from U.S. federal appeals courts that have found FERC's approach is proper and consistent with U.S. Supreme Court precedent. FERC's issuance of the Order on Rehearing means that the U.S. Department of Energy (DOE) now will be able to continue processing Magnolia's pending application for LNG exports to countries that do not have free trade agreements with the United States (non-FTA).

LNGL's Managing Director & CEO Mr Gregory Vesey stated, "We are pleased with the FERC's decision on this matter and look forward to the US DOE processing Magnolia LNG's pending application to export LNG to non-FTA countries."

Mr. Greg Vesey
Managing Director & CEO
LNG Limited
T: +1-713-815-6900

Mr. Mike Mott
Chief Financial Officer
LNG Limited
T: +1-713-815-6900

Core Exploration Ltd (ASX:CXO) Thick High Grade Spodumene in All Diamond Core at Finniss

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Core Exploration Ltd (ASX:CXO) ("Core" or the "Company") is pleased to announce that it has completed its maiden diamond drilling program at the Finniss Lithium Project near Darwin in the NT ("Finniss"). All holes drilled at the high grade Grants lithium pegmatite have hit thick intersections of excellent quality coarse grained spodumene that is potentially amenable to processing to produce commercial grade spodumene concentrate.

HIGHLIGHTS

- Diamond core returned from the first diamond drilling at the Finniss Project has consistently hit thick intersections of high grade spodumene mineralisation in all drill holes at the Grants Prospect

- Diamond drilling was following up high grade lithium discoveries from Core's maiden RC drill program at Finniss, which included:

-- 34m @ 1.60% Li2O from 71m (FRC003) at BP33 Prospect

-- 49m @ 1.78% Li2O from 71m (FRC007) at Grants Prospect

-- 40m @ 1.66% Li2O from 58m (FRC018) at Grants Prospect

- Initial observations indicate spodumene ore at Finniss displays good characteristics for potential concentrate processing

- On the strength of the results, Core has doubled the size of the bulk sample of large diameter core transported to Nagrom laboratories for immediate metallurgical test work to assess potential to produce commercial grade spodumene concentrate

- Como Engineers are managing metallurgical test work and will provide preliminary engineering advice on the Finniss Lithium Project in early 2017

- Diamond Core assay results from both the Grants and BP33 prospects are expected in early December

- 2 RC drill rigs currently drilling multiple targets at Finniss, with assay results expected through December and into early 2017

- Spodumene Concentrate Metallurgical Test Work results expected in early 2017

- Core fast-tracking activities at the Finniss Lithium Project to assess early development opportunities

The green spodumene mineralisation at Grants makes up a substantial proportion of the entire pegmatite (see Figure 1-3 in the link below). Core anticipates strong lithium results from the assays from these diamond core holes in early December.

Initial observations of the Grants core show that high grade lithium (as spodumene) is consistently present as a major rock forming mineral throughout 40m-50m thick, fully-cored pegmatite drill intersections (see Figure 1-3 in the link below).

On the basis of these excellent results, Core has doubled the size of the bulk sample and transported 400kg of large diameter HQ core for metallurgical test work at Nagrom metallurgical facilities in Perth, W.A, to determine potential to produce commercial grade spodumene concentrate with the test results expected in early 2017.

Core has also appointed specialist engineering consultants Como Engineers to manage the proposed metallurgical testwork and provide early engineering advice in respect of the Finniss Lithium Project. Como Engineers have an excellent track record with previous successful input to both Pilbara Minerals Ltd's Pilgangoora Lithium Project and Galaxy Resources Ltd's Mt Caitlin Lithium Project.

Core's initial diamond core drilling is now complete with further assay results pending and likely to be released in December / January. Further diamond drilling may take place in 2017 to follow-up any further targets identified by Core's Phase 2 exploration RC drilling which is currently underway at the Finniss Project.

Spodumene Pegmatite Mineralisation at Grants

Spodumene mineralisation is almost ubiquitous throughout the Grants pegmatite, and has been intersected consistently over 40m-50m in all three fully cored diamond drillholes FRCD001-3 (see Figures 1-4 in the link below).

The spodumene is a green at the Grants prospect, in contrast to the spodumene at BP33 prospect in which it had both green and pink spodumene. The spodumene crystals are usually large with some greater than 10cm (see Figures 1-3 in the link below).

On preliminary inspection it appears that the pegmatite at Grants comprises only a few simple minerals, in overall order of abundance: feldspar, spodumene, quartz and muscovite (less than 5%). These are roughly similar in texture and concentration in all the holes.

In all holes the pegmatite has a simple zonation from wallrock inward: 1-2m thick quartz-mica rich margins; 15-20 m spodumene rich medial zones and a 5-10 m central spodumene zone.

Finniss Lithium Project Background

Core's Finniss Lithium Project covers a large portion of the Bynoe Lithium-Tantalum-Tin Pegmatite field (see Figure 5 in the link below).

Core's drilling at Finniss has intersected high lithium grades and spodumene mineralisation within a number of pegmatites at Finniss.

The Bynoe Field is a 15-20 kilometre wide belt of more than 90 tin and tantalum prospects and mines and lithium rich pegmatites which stretches over a distance of 75 kilometres south from Port Darwin and is one of the most prospective areas for lithium in the NT.

Core's Finniss Lithium Project has substantial infrastructure advantages being close to grid power, gas, and rail and services infrastructure and within easy trucking distance by sealed road to the multi-user port facility at Darwin Port - Australia's nearest port to Asia.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/H09B866S

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

Petsec Energy Ltd (ASX:PSA) Announces Non-Renounceable Rights Issue

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Petsec Energy Ltd (ASX:PSA) (OTCMKTS:PSJEY) (the "Company") will undertake a non-renounceable entitlement offer or "rights issue", of 1 new share for every 3.2 shares held by eligible shareholders at the record date of 29 November 2016. The offer will allow eligible shareholders to acquire additional shares in the Company at 15 cents per share, free of brokerage costs.

Any new Shares not taken up by the closing date may be made available to those eligible shareholders who took up their full entitlement and applied for additional new shares under the top up facility.

The offer price represents a discount of approximately 17% to the volume weighted average price of the Company's shares over the 3 months of trading on the ASX preceding the announcement of the offer.

The Company will raise approximately $11 million through the issue of up to 73,900,000 new shares under the entitlement offer. The offer is fully underwritten by Paradigm Securities Pty Ltd, trading as Martin Place Securities.

The details of the offer are contained in the offer document being lodged today with the ASX, available at www.petsec.com.au or www.asx.com.au. The offer document and personalised acceptance form are due to be mailed to eligible shareholders on 30 November 2016.

The offer will be extended to shareholders with registered addresses in Australia, New Zealand, Hong Kong and Singapore.

Proceeds from the offer will be used by the Company to support its participation in the development of the Hummer gas/oil discovery in the Gulf of Mexico, USA, and the expected re-start of oil production from the Company's An Nagyah Oilfield (Damis Block S-1) in the Republic of Yemen.

The Hummer gas/oil Field is a substantial oil and gas discovery covering a large prospective area extending over three offshore lease blocks of Main Pass 270, 273 and 274.

Petsec Energy owns a 12.5% working interest in the Hummer gas/oil field which was discovered in late 2015 with the Main Pass Block 270 #3 BP 01 exploration well.

A platform was constructed and set over the well and the well was completed for production this November.

The well was production tested over a 48 hour period beginning 16 November 2016. Flow rates were measured at restricted rates on variable choke sizes.

Over the last three hours of the 48 hour test period the well flowed at an average rate of 19.88 MMcfpd (million cubic feet of gas per day) and 396 bcpd (barrels of condensate per day) through a 16/64th inch choke with an average flowing WHP of 9753 psi (pounds per square inch) and no formation water. Production rates continued to rise over the duration of the test with a maximum gas rate of 20.5 MMcfpd recorded. The flow rates exceeded our expectations and supported the Company's high range estimates of mapped potential.

The Main Pass 270 #3 BP 01 well was perforated from 14,100 feet to 14,186 feet measured depth (MD), 14,058 feet to 14,144 feet true vertical depth (TVD) in a Miocene age sand reservoir. Well logs indicate additional potential reservoirs in the well, but a decision was made not to run additional tests at this time. These untested sands will be targets of future drilling activity on the Hummer Project. Significant production occurs for similar reservoirs along trend. Peak production rates from those intervals can exceed 25 MMcfpd and 1000 bcpd. After testing, the well will be temporarily suspended pending the design, fabrication and installation of permanent production facilities and pipelines. The Company estimates first production from the Hummer project to commence mid-year 2017.

The Hummer discovery well is located in U.S. federal waters approximately 50 miles southeast of Venice, Louisiana. The water depth at the location is approximately 215 feet. The well was drilled, logged and temporarily suspended during Q3/Q4 2015 and has awaited testing until a recently completed production jacket could be installed over the well. The Ensco 87 rig was used to tie-back the well bore to the jacket and complete and test the well. The next stage of development will be to utilise the results of the test to design, fabricate and install a deck section with production facilities on the jacket, lay flow lines and connect to existing oil and gas transportation systems. It is anticipated that this process will take approximately 6 to 8 months.

An Nagyah Oilfield (Damis Block S-1), Yemen

Petsec Energy owns a 100% working interest in the Damis (Block S-1) Production Licence in Yemen, which it acquired in early 2016. Damis (Block S-1) is located in the prolific Shabwa Basin approximately 80 kilometres to the Southwest of the Company's other lease in Yemen, Block 7, some 450 kilometres connected by oil pipeline East of the Ras Isa oil terminal on the Red Sea, some 250 kilometres North by road of the Bir Ali oil export terminal on the Bay of Aden, and 450 kilometres West by road of the Masila Basin Production Hub.

The Damis (Block S-1) Production Licence holds five sizeable oil and gas discoveries - the developed and productive (until suspended in 2014) An Nagyah Oilfield, which holds 12.8 million barrels of oil gross to Petsec Energy as estimated by DeGolyer and McNaughton Canada Limited (5.6 million barrels net to Petsec with a PV10 in the order of US$155 million1), and a further four undeveloped oil and gas fields - Osaylan, An Naeem, Wadi Bayhan, and Harmel which hold in excess of 34 million barrels of recoverable oil and 550 Bcf of gas2 which will be a source of future growth of reserves and production for the Company when conditions allow.

There is also additional exploration potential in the licence area. The previous operator had invested over US$450 million on the Block over a period of 10 years developing the An Nagyah Oilfield with attendant production facilities which have the capacity to process up to 20,000 barrels of oil per day (bopd) producing into an 80,000 bopd pipeline, which joins the 350,000 bopd Marib export pipeline to the Ras Isa terminal on the Red Sea.

The An Nagyah Oilfield has been shut-in since February 2014 following the declaration of Force Majeure by the previous operator due to political issues in Yemen. The field at the time of shut-in was producing at a restricted rate of over 5,600 bopd in and of the order of 10,000 bopd at an unrestricted rate two years earlier.

In August of this year, oil was shipped for the first time since March 2015, when 4 million barrels of oil were shipped from the Ash Shihr terminal near Mukalla on the Gulf of Aden which services Masila Basin oil production, and in turn the Masila oilfields have returned to production. The Aden Refinery, which has a 150,000 bopd processing capacity, has returned to production and the Company anticipates the restart of the Total operated LNG plant at Bal Haf on the Gulf of Aden. During the conflict the country's oil and gas infrastructure was largely untouched.

With the recommencement of oil shipments from Ash Shihr there is an opportunity for Petsec Energy to transport An Nagyah oil production by truck either to the Masila hub to the East or South to the Bir Ali terminal until such time as the Ras Isa terminal on the Red Sea reopens for shipping oil, which allows production through the Marib pipeline.

The An Nagyah oil production facility has been well maintained during the shut-in period and preparations are now underway for the re-start of production as soon as the political/logistical situation allows.

The Company reserves the right, subject to the Corporations Act, the Listing Rules and other applicable laws, to vary the timetable, including extending the offer period and to accept late applications, either generally or in particular cases, without notice. The Company reserves the right to withdraw or amend the offer at any time before the allotment of new shares in its absolute discretion. In that event, the relevant application monies (without interest) will be returned in full to applicants.

Details of the terms and conditions of the offer of new shares will be contained in the offer document that will be sent to eligible shareholders on 30 November 2016. A personalised acceptance form will accompany the offer document. In the meantime, a copy of the offer document, which will be lodged with the ASX on 24 November 2016, can be reviewed at www.petsec.com.au.

The directors of the Company recommend that you read the offer document carefully when you receive it. The entitlement offer will be made without a prospectus and accordingly it is important that you review the Company's ASX announcements before deciding whether to participate in the offer.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/2G0J247I

Mr. Paul Gahdmar
Company Secretary & Group Financial Controller
Petsec Energy Ltd
T: +61-2-9247-4605

Mr. Manny Anton
Head of Investor Relations
Petsec Energy Ltd
T: +61-2-9247-4605
www.petsec.com.au

Sayona Mining Ltd (ASX:SYA) Updated Investor Presentation

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Sayona Mining Ltd (ASX:SYA) (OTCMKTS:DMNXF) is pleased to provide the company's Updated Investor Presentation with the topic "Charging Ahead at the Authier Lithium Project".

Sayona Value Proposition

- Developing an advanced, de-risked project -simple open-cut mining and processing plant -crush, grind and flotation

- Located in a first world countrywith access to world-class, low-cost infrastructure

- Executing a plan to get into production and generate cash flow - manageable capital hurdle

Low enterprise value ($21m) compared to industry peers

Board and management team have track record of delivering projects

Corporate Strategy

Sayona Mining's (ASX:SYA) strategy is to change the world and power the future by sourcing and developing the raw materials essential for lithium-ion battery production.

The Company's primary focus is the development of the advanced Authier lithium project in Quebec, Canada.

Authier Lithium Project Overview

- Quebec, Canada - A Major Mining Centre

- Quebec -World-Class, Low-Cost Infrastructure

- Authier Lithium Deposit - Simple, well-defined spodumene bearing pegmatite

- Authier JORC Mineral Resource

- Authier Deposit Resource Distribution

- Authier Deposit Grade Distribution

- Highlights from the 2016 Drilling Program

- Authier Phase 2 Drilling Program

- Simple Open Cut Mining Operation

- Authier Metallurgy - Conventional Processing

- Authier Pre-Feasibility Study in Progress

- Studying Value Adding Opportunities

- Authier Development Timetable

Sayona's Other Projects

- Western Australia Lithium Portfolio - A globally significant region for production of Lithium

- East Kimberley Graphite Project - Diamond drilling planned to test grades and quality

Corporate Overview

- Corporate Summary

- Strong Team With Track Record of Success

-- Expertise and experience in exploration, development and mining

-- Strong skill set in Lithium exploration and development

To view the presentation, please visit:
http://abnnewswire.net/lnk/4V00C365

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

Thomson Resources Ltd (ASX:TMZ) Chairman's Address to Shareholders at 2016 AGM

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Thomson Resources Ltd (ASX:TMZ) is pleased to provide the company's Chairman's Address to Shareholders at 2016 AGM.

Thomson has maintained a quality exploration program on its high value opportunities in New South Wales with a particular focus on tin. The Company continues to see a favourable outlook for tin and recent price movements have borne out this faith. NSW is arguably one of the best regions for tin exploration given its historic production and diverse geological potential.

The key area of attention has been the Bygoo project, located just north of NSW's once largest tin mine at Ardlethan. The Company has so far conducted three drill programs, with each program successfully intersecting high-grade tin mineralisation in a greisen zone in the roof of the Ardlethan granite. There have been outstanding tin intercepts at Bygoo North representing some of the best drill intersections recorded in grass-roots tin exploration in Australia for some years. The greisen zone is open to the east, west and down dip, and further drilling is planned.

Some 400m south at the Bygoo South prospect, Thomson also has had success, with a shallow intersection of high-grade tin mineralisation under old workings. The gap zone between Bygoo North and Bygoo South requires testing as does the Big Bygoo prospect 1.5km to the south. It is clear that the contact zone between the Ardlethan Granite and volcanic rocks under the Thomson exploration licence is a very important mineralised corridor which the Company intends focussing a significant proportion of its future exploration effort.

Recently, the Company applied for a new Exploration Licence (ELA 5350) over an area south of Ardlethan, contiguous with Thomson's EL 8260. This application covers a number of old tin workings in the Frews area, as well as several old gold shows further south. Historical exploration has shown that this area offers further potential for significant tin mineral systems.

Elsewhere, the Company entered a farm-in and joint-venture agreement with Silver City Minerals Limited in August 2016 over its Wilga Downs project. The project is considered an excellent copper target, with a ground geophysical survey by Thomson generating a VTEM conductor in comparable rocks to the Tritton copper mine to the south.

Thomson is indeed pleased to work with Silver City Minerals to ensure that this exciting copper target is tested in the near future. Once Silver City earns an 80% interest, Thomson will be free-carried until commencement of a definitive feasibility study when both companies will contribute to expenditures pro-rata. The above arrangement will allow Thomson to focus on its Bygoo tin project.

Also during the year, Thomson joint ventured a number of other projects including its Havilah prospect, with potential VMS mineralisation in Silurian volcanic rocks, to Silver Mines Ltd and its Mullagalah prospect to a private investor who has now earned a 50% interest in the tenement.

Thomson was granted EL 8392 in southern NSW during the year which covers the significant tin-tungsten mineral system at Mt Paynter.

It was indeed encouraging to receive news in August 2016 that the NSW Government will provide drilling assistance to test the Mt Jacob and Cuttaburra B IRG targets.

Beer & Co Equity Research recently issued a research report on the Company. Beer and Co recommended Thomson as a Speculative Buy on the basis of the good tin results from Bygoo and Beer's confidence in an increasing tin price.

The Company is also constantly on the lookout for funding opportunities and alert to jointventure projects that will add to the Company's exploration portfolio and to shareholder value. In this respect I am pleased to report that Thomson Resources has signed a Farmin and Joint Venture Agreement for its Bygoo Tin Project with a North American private investor who can earn 51% interest on contributing $A3 million in a series of staged payments by 30 November 2017. The investor has an option to contribute additional funds to earn a further 25% interest. The option will be exercisable until 1 October, 2018 at an exercise price of A$22 million, with an initial payment at commencement of A$4 million.

Thomson welcomes this investment as a strong show of support for the prospectivity of the Bygoo Tin Project. The farm-in funding removes the financial constraints on Thomson in developing this project towards production. Drilling is planned to commence at Bygoo North as soon as practical.

Thomson Resources Ltd
T: +61-2-9906-6225
E: info@thomsonresources.com.au
WWW: www.thomsonresources.com.au

Thomson Resources Ltd (ASX:TMZ) AGM Presentation

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Thomson Resources Ltd (ASX:TMZ) is pleased to provide the company's AGM Presentation with the topic "Tin's Bright Future in NSW".

Investment Highlights

- Farm-In agreement signed with a North American private investor who can earn 51% of the Bygoo Project by contributing A$3 million

- The investor will also have an option for an additional 25% interest of the project for A$22 million

- Bygoo North discovery:

-- high grade, shallow tin deposit

-- multiple wide drill intercepts with grade above 1% Sn

--- 10m at 2.1%, 8m at 2.1%, 9m at 1.4%, 7m at 1.0%, 4m at 2.4%, 5m at 1.7%, 6m at 1.3%

--- all estimated true widths

-- simple mineral assemblage: cassiterite, quartz and topaz

-- one continuous zone and potential for repeats

- Tenement surrounding a historical world class tin mine

- Other tenements in highly prospective regional setting

Wagga Tin Belt Regional Setting

- The Wagga Tin Belt contains numerous tin occurrences

- The biggest is the Ardlethan deposit with an endowment of more than 50,000 tonnes of tin - world class

- Bygoo is located in the Ardlethan Tin Field, 7km north of the Ardlethan Mine

Ardlethan Tin Field

- Bygoo is only 7 km north of Ardlethan

- Ardlethan is the biggest tin deposit in NSW with 30,000 tonnes of tin in concentrate produced from 1912 to 1986; more remains

- Associated with the intrusion of the Ardlethan Granite

- Multiple hard-rock tin occurrences on eastern granite contact

- Thomson's EL8260 contains multiple tin occurrences adjacent to the Ardlethan Mining Licenses

Metallogenic Model

- Possible deposit types

- Breccia Pipe (Ardlethan)

- Greisen / Vein (Bygoo)

- Contact Greisen also present at Bygoo

- Skarn (not seen)

Bygoo North Drilling

- Drilling at Bygoo North. Easy access.

- Prospective area covered by soil (and crops currently).

Bygoo Mineralogy

- Clean Cassiterite

- Bygoo North petrology: Hole 11

- Cassiterite crystals size up to 3mm (average in sample 0.5mm)

- Cassiterite crystals are zoned, with alternating patches of iron-rich and iron-poor compositions

- Overall:

-- Quartz ~ 75%

-- Topaz ~10-15%

-- Cassiterite ~5-8%

-- Tourmaline
Bygoo South: New Discovery

- 400m south of Bygoo North

- First two holes under old working

- 1939 levels shown

Adjacent to Ardlethan Mine

- Several discrete deposits defined

- Work stopped when the mine closed in 1986

- The targets on Thomson's EL 8260 represent repetitive shoots/pipes

- To be followed up

Further Afield - Bald Hill

- 10km south of Ardlethan Mine

- On the eastern edge of the Ardlethan Granite

- Multiple historical tin workings

- Limited drilling (1978-1983) - delineated alluvial resource - 2.5 million tonnes at 0.05% Sn (1,300 tons)

- Hard rock source lightly tested: "undiscovered"

Tin Mine Supply

- Inventories close to all time lows

- Prices are reacting to lack of supply

- Chinese tin imports increasing

- Indonesia production decreasing

- Myanmar production has limited capacity to expand

- No significant investment in new mines

Historical Tin Prices to 2016

- Price up 58% this year

- Very low inventories

- Current price A$28,700/t (A$12.82/lb)

- US$21,245/t (US$9.48/lb)

To view the presentation, please visit:
http://abnnewswire.net/lnk/0E0Q7E99

Thomson Resources Ltd
T: +61-2-9906-6225
E: info@thomsonresources.com.au
WWW: www.thomsonresources.com.au

Donaco International Ltd (ASX:DNA) AGM Addresses

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Donaco International Limited (ASX:DNA) is pleased to provide the company's Chairman's address and Managing Director's address, to be delivered at today's Annual General Meeting of shareholders.

Chairman's address - Stuart McGregor

On behalf of the Board I am pleased to welcome you to the 2016 Annual General Meeting of Donaco International Limited. I am your Chairman, Stuart McGregor, thank you for being with us today. I confirm that the meeting is properly constituted, and that a quorum is present. I declare the meeting open for business.

I would like to begin by introducing our board of directors:

- Our Managing Director and CEO, Mr Joey Lim,

- Executive Director and Company Secretary, Mr Ben Reichel;

Non-executive directors,

- Mr Benjamin Lim,

- Mr Rob Hines;

Our two Directors from Thailand:

- Mr Ham Techatut Sukjaroenkraisri,

- Mr Paul Porntat Amatavivadhana.

Also in attendance are the following members of senior management:

- Deputy CEO, Mr Att Asavanund,

- CFO, Mr Chong Kwong Yang, and our

- Deputy CFO, Mr Kenny Goh.

We also welcome Ms Michele Neville from the Company's auditors, William Buck.

I am delighted to have the opportunity to speak to you today about the 2016 financial year, which was a period of transformation and significant progress for our company. The period saw the successful integration of the newly acquired DNA Star Vegas in Poipet, situated on the Thailand and Cambodian border. This venue has become the dominant contributor to Donaco's revenue and earnings.

While the acquisition of DNA Star Vegas resulted in a seven-fold increase in Group revenues during the 2016 financial year, the acquisition did not distract management away from also improving the performance of the Aristo International Hotel, in Lao Cai in Vietnam, which experienced strong growth in both gaming and non-gaming revenue.

The Board was pleased to see management's efforts in driving strong performance from both operating businesses, while also integrating the DNA Star Vegas business into the Donaco Group. The complexity of integrating this much larger business should not be underestimated, but management has worked tirelessly to complete the task in an efficient and effective manner.

In addition to the success of the DNA Star Vegas acquisition, I was also pleased that we were able to deliver on the financial objectives that we outlined at last years' Annual General Meeting. We have successfully reduced debt during the period following the acquisition, and commenced on our capital management initiatives with the payment of our maiden dividend to our shareholders. This was possible due to the strong earnings and cash flow generated from the DNA Star Vegas acquisition, which allowed us to strengthen our financial position.

The Board and management continue to be focused on building shareholder value via the combination of strong financial management and underlying earnings growth. We will be focused over the next 12 to 18 months on ensuring that our debt is paid down, in order to ensure that shareholders reap greater benefits from the strength of our cash flows in the future. It is worth noting that our balance sheet is strong, with net debt to equity of only 15%, however we remain focused on paying down the remainder of our acquisition financing as a priority.

To further align the interests of our management with shareholders, and as a further sign of the strength of our cash flows, we have recently taken the opportunity to purchase $1m worth of shares on market for our newly established long-term incentive scheme. This will see the future long term incentives provided to our senior management aligned to our share price performance.

A key feature of the Donaco business is the strength of our corporate governance practices, and we are widely recognised by governments and our customers as a Group which operates with high standards of probity and governance. We firmly believe that our adherence to strong corporate governance principles provides us with a competitive advantage in pursuing further growth opportunities as they arise.

While the Board is culturally and geographically diverse, we are operating cohesively and effectively in overseeing the Group operations. I would also note that our Board has deep operational expertise in the gaming industry, and expertise in operating in Asia, which sets us apart from other ASX-listed gaming operators.

As Chairman of the Group I am pleased that Donaco continues to be engaged in a number of charitable activities in the local communities in which we operate. Our community initiatives during the 2016 financial year provided practical immediate benefits to the local communities, such as: donating bicycles to financially disadvantaged students in the Lao Cai province in Vietnam, the supply of uniforms and shoes for students at local schools, holding fundraising events for disadvantaged youth in Hanoi, and delivering financial assistance to the orphans and teachers at the Lao Cai orphanage.

I would like to summarise by saying that the 2016 financial year was operationally and financially a successful year for Donaco. The group delivered A$143 million in revenue, A$55.9 million in underlying NPAT and A$48.7 million in cash flow. The balance sheet was strengthened, debt reduced and a maiden dividend of 1 cent per share was declared and paid.

I would now like to invite Chief Executive Officer Joey Lim to present more detail regarding Donaco's operational highlights in the 2016 financial year and our performance so far in the current financial year.

Managing Director's Presentation - Joey Lim

Thank you Stuart. Good afternoon and thank you all for attending.

As Stuart commented, the 2016 financial year was a year of significant progress for Donaco, as we successfully integrated DNA Star Vegas into the Donaco Group. Overall, the Group generated A$143.4 million of revenue, of which DNA Star Vegas contributed A$120 million with an underlying EBITDA of A$66.6 million.

Our reported net profit after tax was A$78.7 million, which included a positive non-recurring item of A$55.2 million relating to an uplift in the valuation of the DNA Star Vegas business. A better reflection of the Donaco's ongoing earnings is the underlying net profit after tax, which was A$55.9 million in the 2016 financial year. Pleasingly we also produced a strong level of operating cashflow which was A$48.7 million during the period. This cash flow enabled us to focus on capital management initiatives of reducing our debt, which had increased following the DNA Star Vegas acquisition. We finished the year with a net debt to equity ratio of 15%.

Our finance expenses of A$20.5 million were comfortably covered by EBITDA of A$55.5 million. Accordingly, as our Chairman noted, our strong cash flow and healthy balance sheet allowed us to declare our maiden dividend of one cent per share.

We were also able to renegotiate and refinance our debt facility in July on more attractive terms, which will allow us to further reduce financing costs over the next 2 years.

Turning to the operational aspects of our business, as we know the casino business is subject to luck as well as good management, and this is most notable in the VIP segment of our business, which experiences greater volatility in its results compared to the mass market segments.

As outlined at our AGM last year, we have put in place a number of strategic initiatives to strengthen and reduce the volatility of earnings. For example, at Aristo, our stated strategy to deliberately target more mass market players has been showing positive signs in improving the stability of our earnings at that venue. Whilst the luck factor cannot be eliminated, we are aiming to deliver more stable earnings in future periods.

We were particularly pleased with the operational performance at DNA Star Vegas, which experienced an increase in patronage, and in gaming and non-gaming revenue during the 2016 financial year, leading to impressive earnings growth of 21.1%. These strong results were achieved by the introduction of new games, promotions and new facilities at the venue, as well as tight cost control. We are optimistic about the prospect for further growth at DNA Star Vegas from leveraging our Manchester United relationship, VIP promotions and our recent expansion into the neighbouring Star Paradise property, where we have commenced managing the gaming floor for a monthly fee from the start of September.

We also have the rights to an exclusive option to purchase the Star Paradise operation. The decision to pursue this option will only be made after we have the opportunity to see how this business develops. At this stage it is too early to determine whether we will exercise that option. It should be noted that Donaco has not incurred any costs in the development of the Star Paradise gaming operation, and we will have all operating expenses recovered under the management arrangements in addition to the monthly fee.

At Aristo, we were very pleased to have driven a strong improvement at this venue in local currency terms. This was the combination of both gaming and non-gaming revenue growth and tight cost control measures. Overall, these contributed to outstanding EBITDA growth of 61.4%. As I mentioned, our strategy at Aristo was to focus on the mass market and premium play, away from the VIP segment, which is inherently more volatile. The result of this initiative was an increase in patronage, up 63% during the 2016 financial year, with a lower average bet size and consequently less volatility. The win rate from our VIP play was 2.2%, which was an improvement on the 2015 financial year.

Growth in non-gaming revenue was driven by new facilities, including a nightclub and a steakhouse, which attracts local patronage to the venue and provides Donaco with a source of attractive rental income. Overall our non-gaming revenue represented 45% of the total revenue generated by Aristo during the 2016 financial year, in line with our objectives.

Turning to the current financial year, it has been a mixed start over the first 4 months to the end of October 2016. Whilst the Aristo has been off to a very strong start, with high growth in visitation and a strong VIP win rate, DNA Star Vegas results are lower than a very strong comparative period from last year.

In the first four months of FY16, DNA Star Vegas recorded an exceptionally high VIP win rate of 3.31%. In contrast, the first four months of FY17 have recorded a VIP win rate of 2.87%, which is still very solid, but nevertheless significantly lower than last year. As we have consistently stated to the market, this is a normal feature of gaming operations, and the VIP win rate can be expected to fluctuate in future periods.

In addition, the turnover at DNA Star Vegas in the first four months of FY16 was exceptionally high, with two VIP events held during the period, including a party in July 2015 and a baccarat tournament in October 2015. In contrast, while we had a successful baccarat tournament in October 2016, there was no special event in the month of July, and accordingly turnover in that month and for the four-month period was lower than last year.

At Aristo, the impressive results were underpinned by a strong increase of 75% in casino visitation over the first four months of the current financial year. In addition, management has taken a number of initiatives to improve and strengthen the gaming operations. These include the introduction of a new table game, "Dragon Tiger", which has proven to be extremely popular and offers higher win rates for the house than baccarat. Management has also implemented tighter controls on bet sizes and table limits, thus forcing players to play more hands.

These factors have contributed to a robust VIP win rate of 3.41% at the Aristo for the first four months of FY17. The strong results at Aristo give us confidence that our strategies for bringing in more mass market players to the venue are working, and producing better earnings quality. Since these players are betting smaller amounts, the overall volume of gaming turnover is down, but actual revenues are much higher than last year, due to lower commissions being paid and a higher win rate being achieved.

Overall, the group has recorded revenue of A$42.0 million during the four month period to the end of October, some $9.8 million lower than the corresponding period last year, due primarily to the strong comparative period at DNA Star Vegas. The impact of this has been reduced to some extent by a reduction in corporate and finance costs, which were approximately A$2 million lower in the period. The four month Group EBITDA of A$18.0 million and the unaudited four month net profit after tax of A$13.5 million are lower than the first four months of FY16. On a normalised basis, which corrects for the variations in VIP win rates, net profit after tax was approximately A$1.7 million lower than the first four months of FY16.

The June half of the financial year is typically our strongest half, as our gaming assets benefit from holiday periods attracting a significant number of players, including the Thai and Chinese New Year periods, and we would expect this to remain the case in FY17.

We are expecting DNA Star Vegas to improve during the remainder of the 2017 financial year, as we implement further marketing initiatives including additional tournaments for VIP players, and leveraging off our status as the "Official Resort Partner" of Manchester United in Thailand to increase mass market visitation. We had expected to launch this initiative during October, however due to the passing of the King of Thailand, the launch has been delayed until the second half of the financial year.

We also expect to benefit from improved trading conditions in the June half, which is typically a stronger period due to a number of key public holidays in Thailand. Further, we continue to see steady growth in slot machine turnover as we roll out more machines on to the floor, with the total now reaching almost 1,600 machines. In addition we are now deriving a new revenue stream from managing the adjoining Star Paradise property. We are also exploring the possibility of similar management contracts for gaming and non-gaming assets in the region.

A further opportunity and potential source of growth for DNA Star Vegas is with respect to our online presence. Our online strategy relates to maximising our brand engagement with our customers, in particular attracting a younger demographic. We have plans for an enhanced loyalty program, including an interactive social gaming experience. We are exploring and trialing options for the utilisation of our online gaming licence and expect to make progress during the current financial year.

At Aristo, for the remainder of the financial year we expect to achieve additional synergies from utilising the purchasing power of DNA Star Vegas for acquiring more gaming machines. Currently, DNA Star Vegas enjoys substantially better purchasing arrangements than Aristo due to the higher number of gaming machines on site. We also remain focused on directing our marketing efforts towards attracting more tour groups of mass market players to the venue. Aristo is well placed to continue to benefit from the phenomenal growth in Chinese tourists traveling to Vietnam.

In addition, we are marketing the extensive non-gaming assets of the Aristo to the local Vietnamese population, and are seeing strong growth in all forms of non-gaming revenue. There are plans for a range of low-capex initiatives to enhance the entertainment experience for locals, including concerts, restaurants, a beer garden and other entertainment facilities.

Looking beyond the 2017 financial year, we have commenced discussions with our Thai partner regarding the on-going management of DNA Star Vegas into the 2018 financial year and beyond. While these arrangements have not yet been finalized, they will be commercially based and reflective of senior executive remuneration packages. The current arrangements, for two annual management fee payments, were part of the original purchase deal for DNA Star Vegas, and include the USD$60 million EBITDA earnings guarantee from the vendor for both the 2016 and 2017 financial years.

Ladies and gentlemen, in conclusion, I would like to thank our team and the Board for their hard work during the 2016 financial year. We appreciate your attendance with us today and will now hand you back to our Chairman to conduct the formal business of the meeting.

Chairman - Stuart McGregor

Thank you Joey. There is no question that we are in an unpredictable and challenging global environment, but with the strength and experience of the Board and our management team, we remain excited about our prospects in the Asian region and our longer-term growth aspirations.

Before commencing the formal part of our AGM I would like to reiterate the three strategic objectives the Board is seeking to pursue in the 2017 financial year and beyond, namely;

1) To utilise our strong cash flow to further reduce our debt;

2) To continue to reward our shareholders with annual dividend payments, and consider additional capital management initiatives at the appropriate time; and

3) To consider further value accretive opportunities to grow our business, should they arise.

On behalf of the board, I would like to thank our shareholders, staff and customers for their loyalty and support and look forward to your continued support in the years ahead.

Donaco International Ltd
Ben Reichel, Executive Director
T: +61-412-060-281
E: enquiries@donacointernational.com
WWW: www.donacointernational.com

Petsec Energy Ltd (ASX:PSA) Entitlement Offer Document

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Petsec Energy Ltd (ASX:PSA) (OTCMKTS:PSJEY) is pleased to provide the company's Entitlement Offer Document.

A non-renounceable entitlement offer of 1 New Share for every 3.2 Shares held by Eligible Shareholders registered as at 7.00 pm on 29 November 2016 at an issue price of $0.15 per New Share to raise approximately $11 million (before costs).

The Offer is fully underwritten.

The Closing Date of the Entitlement Offer is 12 December 2016.

To view the entire Entitlement Offer Document, please visit:
http://abnnewswire.net/lnk/M6UGT7K7

Mr. Paul Gahdmar
Company Secretary & Group Financial Controller
Petsec Energy Ltd
T: +61-2-9247-4605

Mr. Manny Anton
Head of Investor Relations
Petsec Energy Ltd
T: +61-2-9247-4605
www.petsec.com.au

Altech Chemicals Ltd (ASX:ATC) Lease Signing Ceremony Secures Johor HPA Site

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Altech Chemicals Limited (Altech/the Company) (ASX:ATC) is pleased to advise the attendance of managing director Iggy Tan at the Johor Corporation official lease signing ceremony. The lease is for the land Altech has secured at the Tanjung Langsat Industrial Complex, Johor, Malaysia as the site of its proposed high purity alumina (HPA) plant.

Highlights

- Lease signing ceremony secures HPA site at Johor

- 20-year lease agreement, with 20-year renewal option

- Johor is the ideal location for HPA production and distribution

The Company executed a 20-year lease agreement, which includes a 20-year renewal option, with TPM Technopark Sdn Bhd, a wholly-owned subsidiary of Johor Corporation.

The lease signing and presentation ceremony was held in Johor, Malaysia on 23 November 2016, at which the president and chief executive officer of Johor Corporation, YB Dato Kamaruzzaman Abu Kassim formally presented Altech managing director Iggy Tan with the lease documents.

The site that the Company has secured at Johor, Malaysia is in the established Tanjung Langsat Industrial Complex; the site is approximately 4 hectares in size and is in a section of the industrial complex specifically reserved for chemical facilities. The site was selected for its proximity to hydrochloric acid, lime and limestone plants - all required consumables for the Company's proposed HPA plant. Reticulated natural gas and high voltage power is also readily available to the site, as is access to processing water. In addition the kaolin feedstock for the proposed HPA plant will be shipped in sea containers from the port of Fremantle, Western Australia to the nearby container port of Tanjung Pelepas. Final HPA product from the HPA plant will also be distributed through Tanjung Pelepas, which is the 17th largest port in the world, shipping more than 7 million sea containers annually.

Altech managing director Mr Iggy Tan commented, "Johor is currently the preferred destination for business investment in Malaysia. Costs of business in Johor are estimated at 30% less than in Kuala Lumpur and 60% less than in Singapore. With three ports; low cost and established power, gas, road, telecommunications and other business infrastructure and its proximity to Singapore, Johor is the ideal site for Altech's downstream high value-add HPA processing plant.

"We firmly believe that the benefits of locating our HPA plant in Johor will enable Altech to position itself in the lowest quartile of the world's HPA producers. This is important when you are competing in a global market" he concluded.

About Tanjung Langsat Industrial Complex

The Tanjung Langsat Industrial Complex is located approximately 40km to the south-east of the city of Johor Bahru and caters to light, medium to heavy industries. The industrial hub contains multinational production groups from petrochemical, oil and gas, resource-based, ferrous and non-ferrous metal, biofuel, marine, palm oil and oleochemicals. Major companies operating within the Tanjung Langsat Industrial Complex include major Spanish steel manufacturer Acerinox Group; Titan Petrochemicals; Kiswire; Dairen Chemicals; Dialog and Lion Eco Chemical.

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

Ardiden Ltd (ASX:ADV) Webcast

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Lithium and graphite explorer Ardiden Limited (ASX:ADV) provides the opportunity to listen to an audio webcast with Brad Boyle, Executive Director in a presentation titled:

"DRILLING CONTINUES TO EXPAND SPODUMENE-BEARING ZONES AT SEYMOUR LAKE LITHIUM PROJECT, CANADA"

The webcast will be made available on the Boardroom Media website. To listen to the webcast, copy the following details into your web browser:

boardroom.media/broadcast/583684459fc3611351914196

The presentation details are as follows:

Speaker: Brad Boyle, Executive Director

Live date: Friday, 25 November 2016 at 11.00am AEDT

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

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

Bluechiip Ltd (ASX:BCT) AGM Presentation

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Bluechiip Ltd (ASX:BCT) is pleased to provide the company's AGM Presentation.

Bluechiip

Sample tracking for extreme environments using MEMS sensors

The Company

- Founded in 2003

- Listed on Australian Securities Exchange (ASX) in 2011

- Head office in Melbourne, Australia

- Global Distribution Network

- Key manufacturing partners in Europe, UK and Malaysia.

- OEM Partnering agreement in Assisted Reproductive Technologies (ART) and IVF

- OEM Partnering agreement with Planet Innovation (BRW's Most Innovative Company '14,'15,'16)

- Strong IP portfolio - 24 granted patents, 7 pending in 10 patent families

Our Product : Chip + Reader + Software

- Unique technology, superior to labels, barcodes and RFID

- Operates reliably down to -196 DEG C

- Instant sample temperature sensing

- Gamma resistant

- Reduces human error

- Increases productivity

- Extremely difficult to copy

- Applications in niche markets, e.g. cryogenic storage and biobanking

2016 Pipeline and Results

- Partner pipeline grown to over 30 opportunities

- Genea Biomedx - OEM Supply Agreement Executed

- Planet Innovation - OEM Supply Agreement and Investment

- 9 Developer & Starter Kit Sales Accelerating

-- Mar: Autism CRC - End user. Ongoing consumables

-- Jun: US Cryogenics consumables manufacturer

--- Australian researcher organisation

-- Aug: Centre for Disease Control China (CDC China)

-- Sep: US Auto ID and Data Capture Company

-- Nov: Kit sale to CDC China

--- 2 Kit sales to SIAD in EU - biobank solution provider

--- Kit sale to Denmark University - OEM validator

Summary

1. Well protected and expanding differentiated IP portfolio

2. Large growing target market with very large adjacent market opportunities

3. Dramatically increasing partner pipeline with well advanced product development

4. Partner opportunity conversion with 2 executed licence and supply agreements

5. Initial repeat revenues with licence, service and product sales expected to grow in FY'17 on partner's product launch

To view the presentation, please visit:
http://abnnewswire.net/lnk/JN980482

Andrew McLellan
Managing Director / CEO
T: +61-3-9763-9763
M: +61-457-823-470
Email: andrew.mclellan@bluechiip.com

Myob Group Ltd (ASX:MYO) Investor Day & Strategic Update

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MYOB Group Limited (ASX:MYO) ("MYOB") is today hosting an "Insight to Innovation" event in Melbourne. The event is being held to share with investors and analysts the progress that the Company is making in implementing its strategy and to demonstrate the core modules of the MYOB Platform that are being developed and released.

At MYOB's first half financial year 2016 results (1H16) the Company explained that it has undergone a significant transformation to reflect changes in the software accounting industry.

MYOB's strategy is designed to deliver sustainable, profitable growth and a market leading position in its rapidly changing market, by focussing on the following five imperatives:

- Connected Practice: To lead the accounting services industry through a period of intense change by painting an inspiring view of the industry's future;

- MYOB Platform: To deliver a platform designed to leverage network effects and bring to life the Connected Practice vision for SMEs and their advisors;

- Clients: To accelerate MYOB's multi-channel capabilities to attract new clients, continue to move existing clients online, and help both succeed through the adoption of connected services;

- Brand: To refresh the MYOB brand to build greater awareness of MYOB's range of online services and products; and

- Bigger Business: To expand MYOB's Enterprise business by driving growth through its first-to-market cloud ERP and Payroll solution, complemented with inorganic growth.

The Company is pleased to report that it is making material progress with the implementation of its strategy, with a number of new platform modules gaining traction and delivering growth.

New Products & Services

The percentage of MYOB's new SME DIY clients taking an online subscription, as opposed to a desktop licence, exceeded 90% for the three months to October 2016, up from 83% in the quarter to June 2016. Of note is that 50% of new subscribers acquired during the 2016 end of financial year did not consider any other provider than MYOB.

Excellent progress is being made in MYOB's online connected services with at least 50% year-on-year growth on multiple fronts.

- Since October 2015 the Company's PayDirect mobile transactions per month are up 73%;

- PayDirect online transactions (which was launched in May 2016) has exceeded 6,000 transactions as at October 2016;

- Monthly bank transactions fed to online solutions are up 55% since October 2015 with more than 12 million feeds being processed in October 2016;

- Smart Bills processed per month are up 87% over the past 12 months to more than 500,000; and

- MYOB's PaySuper product had paid more than 400,000 employees as at October 2016, up 142% since October 2015.

Brand Awareness

SME awareness of the MYOB brand is high and well ahead of the competition. As at September 2016, 76% of SMEs had spontaneous MYOB brand awareness versus 24% for a key competitor and total SME prompted awareness of the MYOB brand sat at 92% versus 40% for the same competitor.

Importantly, MYOB continues to be the most recommended SME accounting solution in the Australian market with 69% of accountants and bookkeepers recommending MYOB to their clients in the last 12 months, compared to 40% for the key competitor's offerings, with both numbers being steady over the last two years.

Bigger Business

A big opportunity exists in targeting "bigger businesses", being businesses generating revenue between $10 million - $250 million p.a. with 10 to 100 users and 20 to 1,000 employees. Moving forward, the cloud will be integral to MYOB's strategy and growth in this segment.

To cater to this market segment, the Company launched MYOB Advanced in early 2015. As at October 2016 more than 200 MYOB Advanced cumulative sites have been acquired demonstrating the strong demand that exists in the market for MYOB's cloud solutions.

The sales mix in Enterprise Solutions (ES) continues towards online solutions. From a base in 2015 when one quarter of combined MYOB Exo (desktop) and MYOB Advanced (online) sales were of MYOB Advanced, YTD 2016 is roughly half and half, with management expecting of more than two thirds of ES sales being on MYOB Advanced in 2017.

OUTLOOK

MYOB CEO Tim Reed said, "We're making excellent progress in implementing our strategy and see plenty of opportunity for growth.

We expect our Connected Practice strategy, underpinned by the MYOB Platform, to drive online category penetration. As investment in our platform continues, we expect R&D as a percentage of revenue to remain at the upper end of the 13% - 16% range."

"Our expectation is that our revenue growth will be in line with historic trends and EBITDA margins will remain in the 45% - 50% range. We will continue to reconfigure our revenue mix from license based income to high quality, recurring subscription revenue" he added.

"We continue to look for and expect to make targeted acquisitions which fit into the core of our business, as well as investments in new growth opportunities outside of our business" Mr Reed concluded.

Sarah Beyrath
T: +61-2-9089-9043
M: +61-427-223-841
E: sarah.beyrath@myob.com
W: www.myob.com
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