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Traditional Therapy Clinics Limited (ASX:TTC) Well Positioned in New China Healthcare Reform Plan - 2020

November 28, 2016, 4:52 pm
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Traditional Therapy Clinics Limited (ASX:TTC) is well positioned in the new five-year (2015-2020) China Healthcare Reform Plan announced recently.

China recently announced a new five-year road-map for reform of its healthcare sector. The National Planning Guideline for the Healthcare Service System (2015-2020) is the first comprehensive five-year blueprint targeting keys areas for development by 2020.

Faced with the challenge of insufficient resources and poor quality of service in the sector, the reform of the healthcare sector is both a social and strategic priority for China. Despite the introduction of the initial healthcare reform plan a decade ago, the healthcare sector continues to be burdened by resource shortages and underdevelopment in rural areas.

TTC is particularly well placed to increase existing services and develop new services for its 360+ clinics and 18 million clients in the following key areas formally specified in the plan.

1. Traditional Chinese medicine

Traditional Chinese medicine is one of the key target areas for development. By 2020, one Chinese traditional medicine hospital is to be established in every county and municipality. In addition, there will be a target for traditional Chinese medicine hospitals to have 0.55 hospital beds for every 1000 residents in a community.

Traditional Chinese medicine is the core business of TTC and TTC is well positioned to continue being a leading provider of traditional Chinese medical services. The 2020 target will provide opportunities for TTC to not only provide traditional Chinese medical services in the TTC clinics but to also support hospitals with outpatient services and at-home care.

2. Institutional cooperation for senior care

To meet the increasing demands of an expanding ageing population, the Government calls for the cooperation of medical service and senior care institutions. In particular, medical service institutions are encouraged to allocate beds for senior care. In turn, senior care institutions will be allowed to provide limited medical care where conditions permit. The Government encourages senior care services to be provided at the local community level and home care services to be made available to alleviate the burden on the hospital system.

TTC's client base includes middle aged and old aged individuals and the introduction of aged care courses in the TTC education institute will enable TTC to provide a comprehensive range of aged care services to individuals through TTCs extensive network of clinics and in-home services.

3. Embracing technology

New technological advances have made the provision and management of healthcare more accessible. New technologies such as the IOT (internet of things), cloud computing, mobile internet and wearable gadgets have resulted in the proliferation of online healthcare products and applications. The Government will continue to encourage the adoption of online healthcare products. Following the introduction of China's telemedicine guidelines last year. It is expected that telemedicine will continue to thrive in the coming years.

Technology will enable TTC to connect with clients daily, allowing them to schedule treatments, purchase required health products and engage directly with their therapist. In addition, TTC can provide an extensive range of health information and educational materials to its clients.

Health Cities Initiative by the China National Health and Family Planning Commission

The cities are required to integrate practical exploration and theoretical innovation to form new and innovative methods to build healthy cities.

In a further boost for the Chongqing based TTC, the city of Chongqing was included in the thirty-eight cites and districts in China recently chosen as the first batch of pilot healthy cities by the National Health and Family Planning Commission (NHFPC). TTC was founded in Chongqing more than 16 years ago.

According to the plan, China will promote healthy lifestyles, improve health services, optimize health industries, and build a medical system that can provide basic health and exercise services to every citizen by 2020.

The scale of this new opportunity is reflected in the municipality of Chongqing which has a population in excess of 30 million.

Being a leading healthcare company in Chongqing, TTC will be at the forefront of the working with the Chongqing authorities to support Chongqing being a health city. In addition, with clinics in many of the other cities chosen for the healthy city pilot, TTC can also support the authorities in those cities to become healthy cities.

China Healthcare Industry Forecasts

The scale of this rapidly developing healthcare market in China is reflected in the statements by the Vice chairman of China Insurance Regulatory Commission (CIRC) who forecasts health service industry revenue of Rmb8tn in 2020 and senior care industry revenue of Rmb10tn in 2030.

The Australian healthcare sector, by comparison, is estimated to be approximately Rmb 0.82tn (AUD 160bn ) growing to Rmb 1.23tn (AUD242 bn) by 2020. 

Mr Geoff Ross
Chairman
Mobile: +61-407-780-683 
Email: geoff.ross@bridgechinaadvisors.com

Mr Nicholas Ong
Company Secretary
Mobile: +61-424-598-561
Email: nicholas.ong@minervacorporate.com.au
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White Cliff Minerals Ltd (ASX:WCN) Air-core Drilling Update - Ironstone Gold Project

November 28, 2016, 6:16 pm
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White Cliff Minerals Limited (ASX:WCN) ("White Cliff" or the "Company") is pleased to report that it has commenced a 2,000 metre air-core drilling program targeting a large gold anomaly at the Ironstone Gold prospect, part of the Merolia gold project, near Laverton Western Australia.

Key Points:

- 2,000 metre Air-core drilling programme underway

- Quartz veining intersected in multiple holes

- Initial samples dispatched to laboratory

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

To date, 1000 metres of drilling has been completed and geological logging of drill rock chips has identified quartz veining in several holes. The samples have been dispatched to the Laboratory for assaying. Results are expected within the next month.

The target soil anomaly occurs at surface and extends over 240 by 180 metre area. The maximum gold value is 340 ppb (0.34 g/t) which occurs within a halo of +100ppb gold values (see figure 1 in the link below). The anomaly occurs 190 metres west of recent and historical drilling that intersected 4 metres at 5 g/t and 0.3 metres at 25 g/t gold.

Managing Director Todd Hibberd commented that ?he first phase of drilling at Ironstone has revealed some intriguing geology and more importantly some substantial quartz veining. High grade gold mineralisation is associated with quartz veining 190 metres west of the current drilling. The samples have been dispatched for assay and we keening await the results. We believe the Merolia project has great potential for a major gold discovery and this drill program is the first phase of a broader exploration strategy aimed at delivering on that potential."

To view tables and figures, please visit:
http://abnnewswire.net/lnk/Q0V256Z7 

Todd Hibberd
Managing Director
+61-8-9321-2233
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Stellar Resources Ltd (ASX:SRZ) Tin Mineral Resource Upgrade to JORC 2012

November 28, 2016, 7:56 pm
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Stellar Resources Limited (ASX:SRZ) ("Stellar" or the "Company") is pleased to advise that it has completed a review and upgrade from JORC 2004 to JORC 2012 of Mineral Resource estimates for its 100% owned Zeehan tin deposits. The Zeehan tin deposits lie within RL5/1997 and underpin the Heemskirk Tin Project - the highest grade undeveloped tin resource of significance listed on the ASX.

- Mineral Resource of 6.35mt grading 1.13% tin or 72,000t of contained tin

- 97% of contained tin is in the form of cassiterite

- Cassiterite is the most readily recoverable tin mineral

- 64% of Indicated Resource at Lower Queen Hill - first in development queue

- LQH Indicated Resource grade is 1.42% or 26% above the resource average
- Zeehan tin deposits are open and have significant exploration potential

- Next step is infill drilling to convert resources to ore reserves

- Infill drilling provides an opportunity to explore Severn for higher grade

"The estimate is more robust than the JORC 2004 estimate and not materially different in tonnes and grade. Importantly, the JORC 2012 estimate identifies a high grade Indicated Resource at Lower Queen Hill that will be the target for initial underground mining studies" said Stellar's Managing Director, Mr Peter Blight.

"The combination of a rising tin price and results from a planned infill drilling program that will target higher grade zones in Lower Queen Hill and Severn should underpin a positive outlook for Stellar shareholders as the company progresses Heemskirk Tin towards development" he added.

Resource Statement

The JORC 2012 Mineral Resource estimate is summarised in Table 1. The global Indicated and Inferred Resource estimate is 6.35mt grading 1.13% total Sn. Table 1 in link below also identifies cassiterite as the dominant Sn mineral and includes grades of associated base metals to demonstrate geochemical differences between deposits. As Table 2 in link below shows, the JORC 2012 estimate is not materially different from the JORC 2004 estimate. However, JORC 2012 is a more robust estimate as it includes some additional drill holes and the results from mining, metallurgy and environmental studies.

Tenure

The Zeehan Tin Deposits, Severn, Queen Hill and Montana, lie within RL5/1997 (retention licence) which is 100% owned by Stellar Resources Limited through its wholly owned subsidiary company Columbus Metals Limited. The RL is located on the western side of Zeehan, a historic mining town located in northwest Tasmania. Stellar Resources Limited has recently submitted a Mining Lease application over the RL to Mineral Resources Tasmania. The application is currently pending approval.

Geology

The Zeehan Tin Deposits are Devonian Granite related cassiterite-pyrite-pyrrhotite-basemetal stockwork and replacement style mineralisation hosted in Proterozoic sediments and volcaniclastics of the Zeehan Sub Basin, Western Tasmania. The stratabound mineralisation is structurally controlled on fold/fault dilation zones between lithologies of contrasting rheology.

Three steeply dipping and moderately plunging tabular deposits have been delineated over an area of 600m by 500m to 500m depth, the Severn, Queen Hill and Montana deposits. The Severn and Queen Hill deposits strike mine grid north-south, dip steeply east and plunge moderately north. The Montana deposit strikes east-northeast and has a steeply south to vertical dip.

Mineralisation in all deposits remains open down plunge. Tin occurs principally as cassiterite with minor stannite and base-metal sulphides located towards the top and periphery of the Queen Hill and Montana Deposits.

Drilling Information

The Zeehan Tin Deposit Mineral Resource estimation is based on 100 historic diamond drill holes for 25,538m and 45 recent diamond drill holes for 13,720m. Mineralised intercepts range in core diameter with 58% NQ 47.6mm, 26% BQ 36.4mm and the remaining 16% larger sizes. Diamond core recoveries over mineralised zones averaged 98% for the Severn deposit, 96% for Queen Hill and 82% for Montana.

Most historical and all recent drill-hole collars were surveyed by qualified surveyors. The first 28 drill holes had downhole surveys completed using acid tube and Tropari. The remainder had downhole surveys completed by Eastman single shot camera. Historical and recent geological logging of drill core is of high quality and completed by experienced geologists and field personnel.

Sampling/Assay Database

Mineralised diamond drill core was halved and bagged on 1m sample intervals while respecting geological boundaries. Samples were ticketed and security ensured by delivery to ALS laboratories in Burnie by Stellar Resources staff.

The database contains 6,905 assay records, 4,286 from previous explorers and 2,619 from Stellar Resources drilling programs. Summary statistics demonstrate good correlation between the two data sets.

Drill core was analysed at several commercial and company laboratories for a range of elements over the various historical and recent drilling campaigns. Total Sn was analysed by fusion disc and pressed powder XRF techniques. Soluble Sn, Cu, Pb, Zn, S and Ag were analysed by AAS. Historical and recent SG determinations were made using a combination of pycnometer and the Archimedes method on non-porous drill core.

QAQC procedures involved extensive independent laboratory check analyses. Correlation between laboratory analyses is generally excellent with the exception of some periodic systematic bias of up to 10%. Drilling, logging and analytical procedures are not considered to present any material risk to the estimation of Mineral Resources on a global level.

Mining Method

The Zeehan Tin Deposits are amenable to decline access, open stope mining methods with Drift and Fill and Avoca mining methods proposed where orebody dip requires. Rock fill, cemented rock fill and cemented aggregate fill were considered where appropriate. Mining studies were completed by MiningOne (2013 and 2016) and Polberro Consulting (2015).

Metallurgical Test-Work

Sn recovery and concentrate grade assumptions are based on test-work conducted by ALS Metallurgy at its Burnie facility with supervision and interpretation of results by WorleyParsons. The most comprehensive test-work program was completed for the Severn deposit with partial testing of the flow sheet for the Queen Hill deposit.

Cut-off Grade

A block cut-off grade of 0.6% was determined using industry standard mining recovery, metallurgical recovery determined from test work, independent cost studies and the prevailing LME spot tin price and exchange rate. Table 3 shows that an increase in cut-off grade to say 0.7%Sn has only a modest impact on contained Sn in the Mineral Resource.

Estimation

Wire-framed solid models of geological and mineralisation domains (based on a 0.4% Sn contour) were created from cross-sections, geological maps and drill-hole data. Mineralised domains are generally stratabound and demonstrate reasonable sectional continuity given the broad drill spacing and style of mineralisation. The mineralised domain models are considered appropriate in the context of the resource classifications applied to this estimate.

A block modelled (10mx10mx10m) resource estimate was calculated using an ordinary kriged algorithm for Sn constrained by solid models in the Severn and Queen Hill deposits. An inverse distance squared algorithm was used to interpolate Sn grades into the Montana solid models and S, Cu, Pb, soluble Sn and SG into all mineralised solid models.

Classification

Inferred and Indicated Resources, reported above a 0.6% Sn cut-off, were classified according to the guidelines of the 2012 edition of the JORC Code. The classification included consideration of data quality and distribution, spatial continuity, confidence in the geological interpretation and estimation confidence. The Queen Hill deposit above 930mRL and south of 3770N is classified as Indicated Resource as it is reasonably well drilled and the geology model well supported. The remaining area of Queen Hill and the Severn and Montana deposits were classified as Inferred Resource largely due to the broad drill spacing (100m x 100m) and short range grade variability.

To view tables and figures, please visit:
http://abnnewswire.net/lnk/SQIU6I3S 

Peter Blight
Managing Director
Stellar Resources Limited
Tel: 03 9618 2540
Email: peter.blight@stellarresources.com.au
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MZI Resources Ltd (ASX:MZI) Resources Completes US$16M Debt Funding Package

November 28, 2016, 11:08 pm
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MZI Resources Ltd (ASX:MZI) ("the Company") is pleased to confirm that it has finalised arrangements with Resource Capital Fund VI LP. (RCF) for a US$16m debt funding package.

As advised in its ASX release dated 7 November 2016, the debt funding package will be utilised to provide the Company with financial flexibility to deliver on plant enhancements and optimisation activities at the Keysbrook Project.

MZI Chairman Rod Baxter said: "We are extremely grateful for RCF's support which will enable us to complete enhancement of the wet concentrator plant and to continue ramping up the Keysbrook Project towards our targeted production rates".

Key terms of the debt - funding package are:

- Interest rate of 10% per annum;

- Secured over the Company's assets for the facility term; and

- Repayment of the funding package within 12 months.

The Company intends repaying the amounts drawn down under the funding package within the next 12 months from cash flows generated from its Keysbrook operations and other available sources during that time.

MZI has been granted a waiver of Listing Rule 10.1 by ASX Limited to permit this new funding package to be secured under the terms of the existing security arrangements in place with RCF and RMB Australia Holdings Ltd, without obtaining further shareholder approval.

The terms of the waiver are set out in the attachment (see the link below) to this announcement.

To view the terms of the waiver, please visit:
http://abnnewswire.net/lnk/8S3TSY2J 

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

John Traicos
Company Secretary
T: +61-8-9328-9800
E: admin@mzi.com.au
www.mzi.com.au
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China Magnesium Corporation Ltd (ASX:CMC) AGM Presentation

November 29, 2016, 2:32 pm
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China Magnesium Corporation Ltd (ASX:CMC) is pleased to provide the company's AGM Presentation.

Key Developments Since 2015 AGM

- CMC procures 2 tenements at Greenbushes, WA. Exploration permit already approved for 1 tenement.

- CMC identifies and secures key investor to provide sufficient funding for exploration

- Framework Agreement with SMH - lithium/tantalum exploration project - SMH inject RMB 5.25M ($1M) for 60% interest - CMC inject 2 tenements for 40% interest

- Issue of 80M shares under 1 : 2.4378 rights at $0.025 to raise $2M (November 2016) over-subscribed

- Adaptation of all coal-to-gas units into the operational semi-coke crackers completed

- Sustained improvement in Magnesium prices has triggered work to commence at the site with production targeted to commence late 2016 / early 2017

- Improved market conditions for magnesium expected to continue

- Co-operation agreement for FMW commenced February 2015 terminated June 2016 with Fengyan. Fengyan acquire CMC share of losses (RMB44M) under agreement.

- Growing commodities trading desk - now includes fertiliser and chemicals.

Future Expansion Capabilities Already Secured

- Key environmental permits in place to expand production to 105,000tpa magnesium

- Water rights secured to enable expansion to 105,000tpa magnesium

- 90mu (~60,000m2) of land secured, earmarked for either next expansion phase or to capitalise on other horizontal or vertical synergies such as downstream processing of our products

- Additional 29mu (~20,000m2) of land just secured next to CMC's original 5,000tpa nameplate capacity plant will also free up land within the existing plant for expansion.

- Expansion of semi coke, tar oil, calcium metal and brick production occurring concurrently with magnesium expansion

Growing International Trading Desk

- Initially established to assist international brand-building and presence for CMC's magnesium production

- Successfully trading low ash metallurgical coke.

- Targeting future expansion and vertical integration into other value-adding opportunities such as carbon black, coal, and other industrial products

- Developing additional profitable trading in markets including fertiliser and chemical

Summary - Well Placed for Growth

- CMC well placed for growth with flexible and efficient production capacity

- Improved market conditions for magnesium expected to continue

- Greenbushes lithium/tantalum exploration project progressing quickly

- Over-subscribed rights issue providing working capital flexibility

- Trading desk continuing to expand range of activities

- Company-transforming developments and achievements since last AGM

- Semi-coke, tar oil and magnesium production re-commenced late 2016/early 2017

- FY2016/7 expected to be both a challenging and rewarding year for CMC

- CMC remains focussed to become a large, low cost, integrated producer of magnesium, semi coke, tar oil and other industrial products

Magnesium -21st Century Structural Metal

- Stronger and lighter structural metal

- 33% lighter than aluminium and 75% lighter than steel

- Used in Mg alloy die casting (auto/aircraft & electronics) for its light weight

- Also used for producing aluminium alloys,steel and titanium

- Roskill estimates global magnesium consumption of just under 1.1Mt in 2012

- World production of primary magnesium is estimated by Roskil lto have increased at an compound annual growth rate (CAGR) of 6.1% from 2002-2012, despite a massive drop in 2008 and 2009 after the global financial crisis

- Strong growth expected in the automotive sector

- Chinese government's 12th 5 year plan targets magnesium as a key metal

To view the presentation, please visit:
http://abnnewswire.net/lnk/2Q12O38I 

China Magnesium Corporation Ltd
T: +61-7-5531-1808
F: +61-7-5597-1096
E: info@chinamagnesiumcorporation.com
WWW: www.chinamagnesiumcorporation.com
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Atrum Coal NL (ASX:ATU) Appoints Chief Financial Officer

November 29, 2016, 3:14 pm
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Atrum Coal NL ("Atrum" or "The Company") (ASX:ATU) (OTCMKTS:ATRCF) is pleased to announce the appointment of Mr. Alan Ahlgren as Chief Financial Officer (CFO), commencing 15 December 2016. Mr. Ahlgren is a Chartered Professional Accountant who has extensive experience as CFO with Graphite One Resources Inc., AQM Copper Inc. and First Coal Corporation.

Before First Coal, Mr. Ahlgren served as Vice President Finance with Kinross Gold Corporation. He is a graduate of the University of Manitoba with a Bachelor of Commerce (Honours) in Accounting and Finance. Prior to 15 December, Mr. Ahlgren will support the Company generally in the finance area. He will work in Atrum's Vancouver office reporting to Executive Chairman Bob Bell.

Mr. Bell commented: "We are very pleased that Alan has accepted the CFO role within our executive team. Alan brings a wealth of experience in the Canadian mining industry including his tenure with a Canadian company First Coal while it was working towards development of a British Columbia metallurgical coal mine. Alan is a professional accountant who has managed all aspects of financial reporting and financial management of publicly traded mining companies. His skills and experience will add to the strength of Atrum's executive team."

Mr. Theo Renard, Atrum's Company Secretary and VP Finance since March 2015, has resigned from this role effective 15 December 2016 in order to devote more time to other responsibilities.

Atrum's Executive Chair, Bob Bell, said: "The Atrum Board of Directors thanks Mr. Renard for his dedicated efforts and positive contribution to the Company and we wish him continued success. The Company is in the final stages of appointing a successor as Company Secretary." 

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
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Adelaide Resources Limited (ASX:ADN) Chairman's Address to Shareholders

November 29, 2016, 3:56 pm
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Adelaide Resources Limited (ASX:ADN) is pleased to provide the company's Chairman's Address to Shareholders at the AGM.

A number of achievements are worthy of noting when reflecting on the twelve months since our last Annual General Meeting. In particular, the Company:

- Declared an inaugural metal Mineral Resource at the Barns gold deposit - in fact, the first in the Company's twenty year history. Appropriately, this was at the 100% owned Eyre Peninsula gold project justifying its priority status in our portfolio. Recent drilling has delivered high grades at the nearby Baggy Green prospect, and our preliminary assessment is that Baggy Green shows excellent potential to contribute to the growing local resource base on Eyre Peninsula. Further work is clearly warranted. Preliminary metallurgical test work has commenced.

- A Farm-In and Joint Venture agreement was consummated at the 100% owned Rover goldcopper project which will now see the first on-ground exploration expenditure in five years. Our partner is a dynamic explorer well established in the nearby Tennant Creek Field and can deliver a high in-ground to administration-logistics spend ratio.

- The Drummond Basin tenement package was tripled with the grant of two additional tenements making the Company one of the largest ground holders in this very prospective gold domain.

- The tenement package was also refreshed with the addition of a number of hard rock and lake tenements conceptually prospective for lithium. However, as forewarned in the Annual Report, a number of these have now been relinquished. This commodity space has seen a fair number of potentially viable developments announced increasing the threshold for economic relevance.

One tenement has been advanced to granted status but with the focus on tungsten rather than lithium, following tungsten ore grades being recorded during surface sampling.

Whether we pursue this in our own right or with a qualified partner is yet to be determined.

- Successfully participated to the extent of 100% of submitted eligible exploration expenditures in the inaugural Federal Government Exploration Development Incentive (EDI) scheme. Tax credits aggregating $379,476 were distributed to the benefit of shareholders.

One key objective has not however been delivered.

- The Company determined that the 100% owned Moonta copper project, which was integral to the Company formation twenty years ago, deserves an annual exploration budget well beyond our current treasury capacity. Accordingly, the Company has sought to joint venture or even pursue a sale to restore momentum for the benefit of all stakeholders. The Company has provided comprehensive data under Confidentiality Agreements, hosted site visits and in one instance even drafted Heads of Agreement legal documents. It should be noted that the copper endowment has not been disputed by any of the parties with whom we engaged. Maybe the recent copper price rise will spur revised interest.

And, it should be noted that these achievements and endeavours have been delivered with fewer staff than last year.

Overhead costs have similarly been addressed during the year to retain maximum exploration impact with the risk dollars entrusted to the Company.

In keeping with this theme, Resolution 7 before shareholders today seeks to make a modest change to the constitution. This change would make the purchase of unmarketable share parcels more practical. At the moment, 57% of the shareholders on the register hold less than a cumulative 3% of the outstanding capital - a statistic not uncommon for many of our peer group. Regulatory requirements demand that every shareholder, including unmarketable parcel shareholders, must still be sent certain documents even if, previous documents have been returned addressee unknown. Printing and ever increasing postage cost is an impost to the Company that is in the tens of thousands of dollars each year. Resolution 7 therefore seeks to reduce the number of shareholders with unmarketable holdings who are a disproportional cost to the Company relative to their equity raising potential. As an example the EDI tax credit was communicated to all shareholders with in many instances the cost of the communication to the Company exceeding the benefit to the shareholder. Accordingly, a process which allows small and uncontactable shareholders to be paid out and removed from the register will result in an overall lower cost in future periods.

In recent months, with the refocused exploration and development priorities clear, management has embarked on directing more time and energy into Investor Relations activity. The objectives include establishing a permanent broker relationship, refreshing the shareholder base and establishing more substantive funding opportunities to advance the portfolio more rapidly than in the past.

As part of this package, Resolution 9 today, seeks shareholder approval to change the name of the Company to Andromeda Metals Limited. The name change reflects a new exploration portfolio focus not limited by any perceived historical association with its origins. The name Andromeda comes from the Andromeda Galaxy, being the closest to our own Milky Way Galaxy, and considered to comprise a core of metal rich stars. If the Resolution is passed, it is intended to offer shareholders a loyalty option, at no cost, and with an exercise price that will create a near in-the-money valuation. Specific details will be advised in the near future.

In conclusion, my appreciation goes to our small but dedicated team of explorers and to a core of committed shareholders who continue to show faith in that team to deliver rewards commensurate with the risks taken. 

Chris Drown
Managing Director

Nick Harding
Executive Director, Company Secretary

Tel: +61-8-8271-0600
Email: adres@adelaideresources.com.au
www.adelaideresources.com.au
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Adelaide Resources Limited (ASX:ADN) Managing Director's Presentation - 2016 AGM

November 29, 2016, 4:05 pm
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Adelaide Resources Limited (ASX:ADN) is pleased to provide the company's Managing Director's Presentation at 2016 AGM.

12 Month Report

- Commodity focus on gold, with copper and lithium secondary targets

- Maiden Mineral Resource estimated for the Barns gold deposit on the Eyre Peninsula. Comparable ounce inventory to other SA deposits (Portia and Tarcoola) now in production

- Successful recent RC programme at Baggy Green confirms it can add to the local resource base in the Barns Camp

- Drummond acreage tripled with low cost surface work adding three drill worthy targets to compliment the existing Bunyip drill target

- Farm-in and Joint Venture executed with Emmerson Resources over the Rover project in NT puts this project back to work for Shareholders

- Efforts to deal Moonta copper project continuing

- Mixed results from lithium initiative. SA salt lakes a negative and high grade tungsten (but no lithium so far) at Davenport

Asset portfolio

Focused suite of Australian prospects

Gold

- Eyre Peninsula (SA) - large land position, maiden Mineral Resource and multiple prospects

- Drummond (QLD) - drill ready epithermal gold targets in high grade district

Copper

- Moonta (SA) - highly prospective historical IOCG mining district

- Rover (NT) - high grade Tennant Creek style copper-gold potential

Lithium/Tungsten

- Coolgardie (WA) and Davenport Ranges (NT) - conceptual hard rock targets

Additional drill targets delineated in early 2016

- Poppi's Prospect - surface rock chips include 6.04g/t, 4.06g/t, 3.54g/t and 2.70g/t gold. Silver to 22.7g/t present. (Gold zone exposed at surface)

- Roo Tail - rock chips include 2.19g/t and 1.09g/t gold. Arsenic to 120ppm (Transitional arsenic to gold zone erosional level - gold zone preserved at depth)

- East Central Limey Dam - numerous anomalous rock chips to 1.27g/t gold. Arsenic to 721ppm. Chalcedonic veins predominate. (Arsenic zone exposed at surface - gold zone preserved at depth)

- Poppi's, Roo Tail and East Central Limey Dam can be drilled during Bunyip testing

Summary

- Maiden 107,000 gold ounce Mineral Resource estimated at Barns

- Metallurgical testing of Barns material underway

- RC programme at Baggy Green confirms it can add to the local resource base in the Barns Camp

- Four drill ready targets on expanded Drummond epithermal gold project

- Rover Farm-in and Joint Venture with ERM to reinvigorate idle asset

- Drill ready targets defined on Thurlga Joint Venture

- Mixed lithium results so far, but interesting tungsten results at Davenport

Forward programme

- Further resource focussed drilling at Baggy Green to test extensions to currently defined deposit

- Estimation of maiden Mineral Resource at Baggy Green

- Incorporation of metallurgical results and Baggy Green resource into new round of economic assessment of the Barns Camp

- Drilling to convert Inferred to Indicated Resources at Barns/Baggy Green

- First drill tests of the four defined Drummond epithermal gold targets

- Low cost surface exploration to define new drill targets at Drummond

- Continuation of our efforts to deal Moonta

- First assessment of Coolgardie ground and low cost follow-up work or pursue deal at Davenport.

Andromeda Metals Limited

- Adelaide Resources has completed its 20th year on listing

- The Board composition and exploration portfolio of the company has changed considerably since listing

- We are taking the opportunity to rebrand ourselves to reflect these changes and reinvigorate ourselves with the broader investment community

- Reasoning behind the name

-- 'Andromeda' to symbolise the Andromeda Galaxy which has a central core of metal-rich stars

-- "Metals' to indicate that although our major focus is gold, and to an extent copper and lithium, other metals may also be considered

- There will be a new logo and additional refreshment of our website

- The ASX ticker code with remain 'ADN'

- On receiving shareholder approval, we will adopt the new name from 1 January 2017

To view the presentation, please visit:
http://abnnewswire.net/lnk/19P9Z256 

Chris Drown
Managing Director
M: +61-427-770-653
Email: adres@adelaideresources.com.au
www.adelaideresources.com.au
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Broken Hill Prospecting Ltd (ASX:BPL) CEO's Address to Shareholders

November 29, 2016, 4:28 pm
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Broken Hill Prospecting Ltd (ASX:BPL) is pleased to provide the company's CEO's Address to Shareholders at 2016 AGM.

Projects OVERVIEW

HEAVY MINERAL PROJECTS

- Murray Basin Strategy

- Establish pipeline of high-grade, low tonnage deposits

- Process through new technology mobile plant

THACKARINGA COBALT PROJECT

- Unlock shareholder value

- Significant domestic and international interest in emerging technology metal

- Cobalt Blue Holdings Ltd

2016 OVERVIEW

COPI NORTH

- Drilling (Feb 2016) - 78 holes

- Resource Estimate (July 2015 & May 2016)

- Base line environmental monitoring commenced (Feb 2016)

- Scoping Study (Feb 2016) - positive results

- Pre-feasibility study commenced with positive early results from bulk metallurgical testing. PFS due early 2017

MAGIC DEPOSIT

- Maiden Resource (Sept 2015)

Relentless Resources (RRL) provide final $0.5m payment to earn 50% interest in HMS Projects (Copi North, Magic & Sunshine)

Denis Geldard joins BPL Board (Aug 15). Project manager for Copi PFS

COBALT BLUE HOLDINGS LTD

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

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

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

- Farm In & Royalty deal signed;

- 4 Stages to acquire 100% of Thackaringa over 4 years

- Total project investment: $10.3m

- Initial cash payment: $0.8m

- Final cash payment: $7.5m

- 2% Net Smelter Royalty on all future production

- Drilling commenced (Nov 2016)

2017 THE YEAR AHEAD

MURRAY BASIN HEAVY MINERAL SANDS

- Copi North Pre-feasibility Study due early 2017

- Drilling to commence on BPL's 100% tenements early 2017

- Technical review of the Murray Basin highlights opportunity to expand BPL's footprint

THACKARINGA COBALT PROJECT

- Cobalt Blue to complete Farm In Stage 1 by 30 June 2017

- $0.8m cash payment to BPL

- Define 100Mt JORC 2012 Resource

- Complete Scoping Study

- BPL to focus on base & precious metal exploration

To view the presentation, please visit:
http://abnnewswire.net/lnk/7UK7DQ95 

Broken Hill Prospecting Ltd
T: +61-2-9252-5300
F: +61-2-9252-8400
E: info@bhpl.biz
WWW: www.bhpl.biz
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XPED Ltd (ASX:XPE) Chairman Letter

November 29, 2016, 4:39 pm
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Xped Limited (ASX:XPE) ("Xped" or "the Company") is pleased to present its Annual Report for the financial year ended 30 June 2016 ("Financial Year").

Xped is a technology and solutions provider that is focused on IoT infrastructure. By enabling the Internet of Things, Xped's Infrastructure Platform (XIP) will bring benefits to manufacturers, retailers, service providers and consumers.

Our path to success is through the following avenues:

- Continuing development of existing and new technologies

- Further R&D to expand our patent portfolio

- Progressing MOU's into formal agreements

- Expand product offerings in key vertical markets

- Collaborative marketing and sales though partners

- Agreements with retailers, developers, service providers and integrators

- Recurring revenue from licensing, royalties, API management and metering

The Company successfully raised $8m via Prospectus offer to complete the reverse takeover of Raya Group Limited. On 5th April 2016, the Company listed on the Australian Securities Exchange ("ASX") as Xped Limited.

The Company finished the Financial Year with a healthy cash and equivalents of $9.5m, minimal debt and accumulated tax losses of approximately $30m.

The Company is pleased to report on the following key highlights for the Financial Year:

- Completion of the acquisition and subsequent listing on ASX as Xped Limited (ASX:XPE)

- MOU signed with a US listed chipset manufacturer along with a second MOU with a US listed technology company to identify and develop potential opportunities utilising Auto Discovery Remote Control ("ADRC")

- Sale and Purchase Agreement executed with Vital Xense Pte Ltd to receive 30% equity interest in exchange for collaboration between the parties.

- Company exhibited and demonstrated ADRC technology at IoT Asia 2016

- Successfully ported ADRC gateway services onto Intel Moon Island Gateway

- Heads of Agreement ("HoA") with JCT Healthcare Pty Ltd and Jackson Care Technologies Pty Ltd ("JCT").

- Xped and Telink entered a Joint Collaboration and Marketing Agreement ("JCMA")

- Appointment of Telink co-founder Dr Wenjun Sheng to the Board

- Various patents granted including ADRC patent in China; XERTS patent in China, Singapore, and Korea; PING patent in Australia.

Subsequent to the Financial Year ending, the Company announced it had entered a Licensing Agreement with Telink, completed the acquisition of JCT, entered a Sale and Purchase Agreement with KS Orka to sell Xped's equity in Sokoria Geothermal Project and the appointment of Mr Martin Despain as Managing Director.

Xped continues to invest and expand resources in the engineering and software development teams to keep up with the demand of work underway. The Company also finalised and released its native version of the Xped App on both Apple and Google Stores.

Following the release of November Investor Presentation, the Company has set its strategy and roadmap for 2017. The path to revenue and 2017 goals include:

- Complete porting to at least 4 silicon vendor partners

- Design wins and kitting agreements for at least 3 ODM's

- Expand JCT solutions for Disability Care and Home Health

- Revenue generation from licensing, royalties and API Management

- Leverage M&A opportunities and expand new opportunities and partners

Xped has a great management team and the Company is well capitalised following the securing of additional funding to ensure it can deliver success in 2017. 

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

Stanmore Coal Limited (ASX:SMR) Chairman Address to AGM and Resignation of Director - V Forb

November 29, 2016, 4:54 pm
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Stanmore Coal Limited (ASX:SMR) is pleased to provide the company's Chairman Address to AGM.

The last twelve months have been transformational for the Company with the re-opening of the Isaac Plains Coal Mine leading to our first export coal sale as a Company. The export coal market has also moved favourably for the Company in recent months with almost unprecedented strength since August this year. The Company is well positioned to capitalise on this price strength that few in the industry predicted.

The Company's share price has strengthened along with key milestones at Isaac Plains and the coal price, rising from below 20 cents per share this time last year to trading above 60 cents in the last 2 months. The Board acknowledges further work is required to unlock full value for shareholders from the internal and external opportunities available to the Company.

Safety

During the year ended 30 June 2016, the Company, both directly and through its contractors, completed over one hundred and seventy thousand hours of operating and exploration activity, reporting a nil lost time injury frequency rate for the year. The Total Reportable Injury Frequency Rate was 5.3 per million hours. Given the transition from explorer to producer during the year this is an excellent safety performance.

Isaac Plains Coal Mine

Following completion of the acquisition in November 2015 there have been a number of key milestones achieved by the Company in a short period of time. First overburden was mined in February; first product coal produced in April; and first coal loaded for export sale in May; within 6 months of completion.

In parallel with recommencement of mining key term contracts were established with some of the largest steel mills in Asia, providing a level of support to the operations at a time when spot or index market prices were lower than benchmark prices. 900 thousand tonnes of semi-soft coking coal was contracted for the first year of operating with the balance of production being thermal coal.

In June the Company also commenced highwall mining through a specialist contractor within a disused southern pit of the mine. The highwall miner targeted an area that was otherwise uneconomic for open cut extraction and delivered around 220 thousand tonnes of run-ofmine coal through to contract end in early November 2016. This total fell short of the initial plan for 300 thousand tonnes, as highwall operations were impacted adversely by wet weather in the September quarter and machine reliability issues.

The open-cut mine has not been without its challenges. Overall open-cut production to date has been below plan due to changes in the mining path and minor weather timing impacts, however open-cut production remains in line with previous guidance for FY17. Wet weather events have impacted production at a number of mines in the Bowen Basin with unseasonal high rainfall experienced over winter. Stanmore and the principal contractor are in discussions on a revised mining schedule to account for changes to mining path and also consider accelerated pre-strip activities in FY17 to improve working areas and dragline system efficiency over the remaining life of the contract.

Isaac Plains East Extension

The approvals path for Isaac Plains East remains a critical focus for the Company. The lower strip ratio compared to the operating Isaac Plains mine and improved coal quality characteristics underscore the important of this mine extension irrespective of the coal price. The next six months contains several key stage gates for the approval process and the Company is working diligently with relevant government departments and stakeholders to obtain licensing within the shortest reasonable timeframe. A further exploration program is commencing at Isaac Plains East this month to provide improved confidence around known fault zones and refine pit shell design elements.

Isaac Plains Underground Expansion

Whilst the open cut extension to the east of Isaac Plains remains a key priority for the Company, further investigation and analysis is also being undertaken on the potential bord & pillar underground operation within the eastern portion of the Isaac Plains mining lease. If the underground was to proceed in the coming years it would likely serve as incremental production to open cut operations given the capacity for these activities to be undertaken simultaneously.

Other portfolio projects

Exploration at the Clifford Project continued in the last 12 months in partnership with JOGMEC. The farmin is anticipated to complete early next year with JOGMEC having invested approximately $4.5 million over 3 years to earn its 40% interest in the project. A concept study is underway with the findings to guide the next development step for the project.

In light of the current coal market, the Company is undertaking a review of its portfolio assets to ascertain appropriate development strategies for each. The Company will assess a range of potential options with respect to maximising value for our shareholders.

Business Development Opportunities

In respect of the Isaac Plains Complex the Company is assessing a number of options including the potential introduction of a joint venture partner. These discussions are still early stage and conceptual with a broader process anticipated in calendar 2017.

The Company remains committed to pursuing acquisition opportunities that have operational or infrastructure synergies with the Isaac Plains Complex. In addition the company will continue assess realistically attainable assets with premium coal quality over the medium term.

Board changes

Earlier this month the Company officially welcomed Dan Clifford as the new Managing Director of Stanmore Coal. Dan brings with him a wealth of operational and development experience from a range of companies with key management roles for both open cut and underground operations. Dan has made a smooth transition in his first few weeks with the Company and the Board is looking forward to supporting Dan during this exciting phase for the industry.

Mr Nick Jorss, the former Managing Director of the Company, recently resigned from his Board and executive positions to pursue other business interests. Nick will continue to assist Dan with the transition over the coming months and remains a significant shareholder in the Company.

Also Mr Viv Forbes has today tendered his resignation from his role as a non-executive director of the Company. I would like to thank on behalf of the Board both Nick and Viv for their significant contributions to the Company.

Capital management

The Company has transitioned from the re-commencement phase of mining through to steady-state at a time when coal prices have increased significantly. The management of working capital has been challenging in recent months due to some variability in shipping schedules and the nature of our semi soft coking coal contracts whereby carry-over tonnes need to be delivered before the price resets to the latest quarterly benchmark. The recent months have therefore been the tightest for the Company resulting in the drawdown of USD 6 million from the Taurus working capital facility. 

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

Mr Andrew Roach
Chief Financial Officer & Company Secretary
T: +61-7-3238-1000
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Stanmore Coal Limited (ASX:SMR) Managing Director Report

November 29, 2016, 4:56 pm
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Stanmore Coal Limited (ASX:SMR) is pleased to provide the company's Managing Director Report.

YEAR IN REVIEW

Company Highlights since 2015 AGM

Continuation of our strong safety record

- No lost time injuries across Isaac Plains operations and drilling programs conducted during the year

Isaac Plains operational with ramp-up achieved in short period

- Completion of Isaac Plains acquisition1 in November 2015 in parallel with finance facility provided by Taurus

- Commenced mining in February 2016, first coal shipped to customer in May 2016

- Rehabilitation of 82ha completed - strong commitment to environmental legal obligations and responsibility associated with mine ownership

Isaac Plains mine life extension underway

- Environmental Authority amendment and Mining Lease Applications submitted in October 2016. Key approval stage gates in next 6 months

- Further drilling campaign commencing December 2016, providing closer points of observation to be utilised for feasibility assessment

ISAAC PLAINS REVIEW - Operations to date

- Accelerated recommencement of mining from transaction close to first product coal in 6 months

- Dragline overhaul pre-commencement of mining has contributed to +16mbcm annualised total movement rate. Minor additional capex required for propel gearing failures

- CHPP teething issues requiring additional capex to improve reliability and performance. Recent results are encouraging an in-line with steady state expectations

- Stanmore and Golding knowledge of site has improved.

- Stanmore is currently in discussion with Golding on a revised mining schedule to account for changes to mining path and also consider accelerated pre-strip activities in FY17 to improve working areas and dragline system efficiency over the remaining life of the contract

THE BUSINESS AT A GLANCE

- Independent coal company with focus on coking coal

- Isaac Plains operational with ramp-up achieved

-- 1-2Mtpa sales opportunity (FY17 1.25Mt)

-- December 2016 quarter SSCC settled at USD 130 per tonne

-- Mining, port and rail contracts in place

-- Mid-range of international coking coal cost curve

- Isaac Plains represents the Company's platform asset

-- Circa $350m of replacement-cost assets

-- Dragline, CHPP, conveyors, train load out and other infrastructure 100% owned

-- Approvals in place for up to 4.0Mtpa ROM

-- Primarily coking coal with secondary thermal coal for export

- Multiple acquisition targets and internal projects for Stanmore to capitalise on

-- Grow internal production and operational capability

-- Focus on coal quality, reliability and creating value where others can't or won't

STRATEGIC OBJECTIVES - FY17 AND FORWARD

Time horizon - Short

Internal: Establish reliability and repeatability of production from Isaac Plains

External: Assess potential assets in proximity to IP Complex

Time horizon - Medium

Internal:

- Develop Isaac Plains East and complete assessment of Isaac Plains Underground

- Rationalise our portfolio based on highest value to shareholders

External: Pursing realistically attainable assets with premium coal quality

Time horizon - Long

Internal: Development of portfolio assets

External: Assessment of product mix strategy

To view the presentation, please visit:
http://abnnewswire.net/lnk/347984C2 

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

Mr Andrew Roach
Chief Financial Officer & Company Secretary
T: +61-7-3238-1000
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Topbetta Holdings Ltd (ASX:TBH) Successful Placement and Issue of Shares (Appendix 3B)

November 29, 2016, 5:25 pm
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Further to the announcement on 23 November 2016, the Board of TopBetta Holdings Limited (ASX:TBH) ("TopBetta" or "the Company") is pleased to announce that it has completed the issue and allotment of 15,000,000 fully paid ordinary shares (Placement) to raise $3 million (before costs) at 20 cents per share from sophisticated and institutional investors.

The Company also confirms that it has issued the following options to Canaccord Genuity (Australia) Limited (Canaccord):

- 1 million options on the terms and conditions set out in the announcement on 23 November 2016 in consideration for the services provided by Canaccord to TopBetta in connection with the Placement; and

- 3 million options on the terms and conditions set out in the announcement on 18 August 2016 in consideration for the services provided by Canaccord to TopBetta in the connection with the capital raising announced on 18 August 2016, (together, the Options)

Both the shares issued under the Placement and the Options were issued without a disclosure document in accordance with section 708 of the Corporations Act 2001 (Cth).

The shares issued under the Placement were issued as follows:

- 3,918,078 shares were issued under the Company's 15% placement capacity under ASX Listing Rule 7.1; and

- 11,081,922 shares were issued under the Company's additional 10% placement capacity under ASX Listing Rule 7.1A.

The Company is extremely pleased with this successful Placement, together with the approval of The Global Tote product by additional racing bodies, as announced on 28 November 2016.

The Board looks forward to updating the market on further progress in the coming weeks.

To view the full press release, please visit:
http://abnnewswire.net/lnk/4VMY5R06 

Charly Duffy
Company Secretary
E: companysecretary@topbetta.com
T: +61-409-083-780

Jane Morgan
Investor & Media Relations
E: investors@topbetta.com
T: +61-405-555-618
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Atrum Coal NL (ASX:ATU) AGM Presentation

November 29, 2016, 5:26 pm
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Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) is pleased to provide the company's AGM Presentation.

Corporate Overview

Groundhog Project

The world's largest undeveloped ultra-high grade anthracite deposit in British Columbia, Canada

US Sales Joint Venture

Atrum has agreed to form a Joint Venture with Atlantic Carbon Group to manage export sales from its anthracite mines in Pennsylvania, USA

Management

In-country team led by Executive Chairman Bob Bell

Atrum Corporate: Key Achievements

Commercial

- Agreement to Form US Sales Joint Venture - for export sales of 250,000tpa ultra-high grade anthracite with Atlantic Carbon Group PLC. JV sales expected to provide significant positive cashflow in 2017, to be used developing Groundhog.

- Kuro Coal Assets - identified additional north American hard coking coal opportunities for Kuro Coal and currently considering a public listing of Kuro Coal as originally planned.

- Kuro Coal Board - revised Board for Kuro Coal in preparation for a possible public listing, along with commercial and taxation advice of an in-specie distribution as originally planned.

People

- Executive Chairman - Canadian coal industry veteran Bob Bell elected to lead Atrum Coal, based in Vancouver, Canada.

- Renewed Atrum Board - identified high profile potential new board members and initiated process of succession planning.

- VP - External Relations - highly respected Canadian public coal advocate and ex-Deputy Minister in Government, Ann Marie Hann joined Atrum.

Financial

- BC Anthracite litigation - secured life of asset royalty over all BC Anthracite tenements, and transfer of five additional tenements from BC Anthracite to Atrum Coal.

- Anglo Pacific - completed repayment of the Anglo-Pacific promissory note.

- Corporate Overheads - consolidation of Australian and Canadian offices.

Summary

Groundhog is the world's largest undeveloped ultra-high grade anthracite deposit.

Atrum has received permits enabling construction, mining and distribution of samples to potential customers.

The agreement to form US Sales Joint Venture between Atrum and Atlantic Carbon provides a low-risk entry to anthracite sales. Expected revenues from the sales will be used to support the development of Groundhog.

To view the presentation, please visit:
http://abnnewswire.net/lnk/IK343284 

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
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XPED Ltd (ASX:XPE) AGM Presentation

November 29, 2016, 6:16 pm
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XPED Ltd (ASX:XPE) is pleased to provide the company's AGM Presentation.

PROGRESS TO DATE

We've achieved many milestones over the last 12 months.

- Establishment of the management team, structure and partnerships.

- Establishment of strong financial foundations.

ROAD TO SUCCESS

- Continue development of existing and new technologies and expand patent portfolio

- Existing MOUs turned into agreements

- New MOUs and agreements with ODMs and Silicon Vendors

- Expand product offerings in key vertical markets:

-- Health

-- Building Management

-- Home

Collaborative marketing and sales through partners

- Evaluate and acquire synergistic businesses that add value

- Grow and market Xped brand awareness

- Revenue Professional Services Contracts

- Agreements with:

-- Retailers

-- Developers

-- Service Providers

-- System Integrators

SUCCESS

Recurring revenue:

- Licensing

- Royalties

- API Management

- API Metering

XIP: COMPONENTS

Xped App: Device browser that delivers command and control to the end user

Tap: Device discovery, provisioning and interoperability

Gateway Software: Business logic, rules engine, notifications and device management solution

RML: Device description language based on XML

To view the presentation, please visit:
http://abnnewswire.net/lnk/6AS2OYA5 

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
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Search

Central Petroleum Limited (ASX:CTP) Santos (ASX:STO) Commences Seismic Programme

November 29, 2016, 7:36 pm
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Central Petroleum Limited (ASX:CTP) (OTCMKTS:CPTLF) ("Company" or "Central") announces that Santos (ASX:STO) has commenced the first part of its seismic acquisition programme by acquiring over 1,000km of 2D seismic as part of fulfilling the Southern Amadeus Stage 2 farmout obligation of 1,300km. The aim of the first part of the programme is to mature the Dukas and Mahler drill targets being prospective for natural gas and helium and gather data for the Rossini lead, each detailed on the map in the link below.

The second part of the seismic acquisition programme will consist of the remaining seismic to be acquired to bring the total program to 1,300km (this total is estimated to cost around $12 million) with the exact layout of the second part's lines to be confirmed at the end of the first part. The acquisition program is planned to be completed by the end of March 2017. Upon completion of the seismic works in accordance with the farmout requirements, Santos will have the right to retain an increase in its participating interest from 25% to 40% for EPs 82, 105 and 112 (with EP 106 no longer applying due to voluntary relinquishment).

To view tables and figures, please visit:
http://abnnewswire.net/lnk/5ONNT773 

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

Media Enquiries
Martin Debelle at Citadel-MAGNUS
T: +61-2-8234-0100
M: +61-409-911-189
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Core Exploration Ltd (ASX:CXO) 2016 AGM Chairman's Address

November 29, 2016, 8:28 pm
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Core Exploration Ltd (ASX:CXO) is pleased to provide the company's 2016 AGM Chairman's Address.

This past year has been transformational for the Company, as we transitioned from a base metals and uranium focussed explorer to a successful lithium explorer in the highly prospective Bynoe region of the Northern Territory. We have successfully acquired the largest tenement area in the Bynoe region and by owning 100% of all of our projects, are well placed to maximise any exploration success.

Early field work identified numerous outcropping lithium bearing pegmatites which extend over a considerable strike length. During this early work our exploration team developed techniques for quickly and accurately identifying and assessing pegmatites in the tenement area. The hard work and ingenuity shown by our exploration team is the reason why we have had so much early success with our lithium exploration activities.

The success of the early field work at Finniss allowed us to identify numerous drill targets in accessible areas. Early drill results have exceeded expectations with numerous drill holes intersecting broad zones of high grade lithium in spodumene. Whilst our current exploration efforts remain focussed on the Bynoe region we have identified other prospective areas which also have lithium bearing potential.

Early exploration results show that our large Finniss Project has the potential to host significant lithium mineralisation, in particular spodumene. Core is excited by the potential of the Finniss Project and the benefits that exploration success can provide to shareholders. We will continue to actively explore the Finniss tenement area with the aim of defining a JORC compliant resource in early 2017.

In addition to being highly prospective for lithium, the Bynoe region is within 50km of Darwin and is easily accessible by sealed road. The availability of existing infrastructure and ease of access gives Finniss a huge advantage over other lithium projects in outback Western Australia. The size, quality and close proximity to Port Darwin and to Asian markets provides Core with an exceptional opportunity to pursue the development of the Finniss Project and other potential growth opportunities in downstream lithium markets.

The forecast increase in the global demand for lithium ion batteries has seen battery critical materials such as lithium, graphite and cobalt become highly sought after commodities. Lithium demand is predicted to grow at an annualised rate of more than 12% and this could be set to accelerate further as lithium's widespread use in conventional industries such as ceramics, glass, batteries and pharmaceuticals gets overrun by growing consumption in rechargeable batteries for portable electronic devices and the electrification of the transport industry.

Whilst we are focussed on the development of the Finniss Project we will continue to assess and evaluate our other project areas. Core has assembled, within its asset portfolio, a large tenement holding in the Northern Territory and South Australia that is highly prospective for key minerals such as copper, zinc and uranium.

Diamond drilling completed at Yerelina Project, South Australia during the year intercepted broad mineralised breccia zones at the Great Gladstone and Big Hill Prospects. Yerelina remains prospective for further zinc discoveries and this target becomes more compelling as the zinc commodity price continues to rise, with further price increases expected in 2017.

Drilling at our Jervois Project, Northern Territory, intersected numerous elevated copper zones within the 15km long Big-J target zone. Our project is well positioned being adjacent to KGL's large Jervois base metals project which continues to grow in scale.

We will continue to review our tenement portfolio and identify potential business development opportunities to either sell or joint venture our non-core assets and to identify opportunities to acquire additional projects at low cost.

In 2016/2017, Core has an exciting year ahead of it, particularly project delivery at the Finniss Project. Our strategy is to unlock the value of the Company's significant tenement holding in the Bynoe district. We have the skills, teamwork and commitment to deliver on our plans, safely, profitably and sustainably.

We could not have achieved what we did over the past year without the strong support shown by our loyal shareholders. The recent share placement and Share Purchase Plan was an overwhelming success and gave loyal shareholders the opportunity to increase their investment in the Company. With your support, Core now stands on the threshold of delivering its transformational strategy to develop the Company's extensive lithium projects.

We have some significant milestones to achieve over the next 12 months - amongst them the definition of a maiden resource at Finniss. 

Mr Greg English
Non-Executive Chairman
Core Exploration Ltd
T: +61-8-7324-2987
E: info@coreexploration.com.au
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FINANCE VIDEO: Emmerson Resources (ASX:ERM) MD Rob Bills Talks High Grade Gold on Big Review TV

November 29, 2016, 9:11 pm
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FINANCE VIDEO: Emmerson Resources (ASX:ERM) (OTCMKTS:EMMRF) MD Rob Bills Talks High Grade Gold on Big Review TV.

The company announced the first assays from the 6,500m drilling campaign currently underway at their Edna Beryl project in the Northern Territory of Australia (Figure 1, table 1 and 2 in link below).

The RC results from this ongoing drilling are 1m samples and support the previous gold intersections from Campaign 1 and 2 at Edna Beryl (ASX 2 August 2016) which include:

o 5m at 35.6g/t gold from 120m (EBWRC012) including;

- 3m at 44.5g/t gold

- 1m at 77.6g/t gold

o 2m at 30.1g/t gold from 128m (EBWRC015)

o 3m at 9.10g/t gold from 136m (EBWRC018) including;

- 1m at 24.4g/t gold

o 2m at 7.28g/t gold from 142m (EBWRC018) including;

- 1m at 12.5g/t gold

o 3m at 36.6g/t gold from 227m (EBWRC025) including;

- 1m at 65.6 g/t gold and

- 1m at 31.8 g/t gold

o 3m at 9.28g/t gold from 170m (EBWRC026) including;

- 1m at 13.2 g/t gold

This drilling continues to further the geological and structural understanding at Edna Beryl, particularly in drill hole EBWRC041 which is the first indication of bonanza gold within ironstone 3 (figure 2 in link below). This opens up potential in all directions for further shallow high grade gold, not only in ironstone 3 but also repetitions further to the north (for example the recently intersected ironstone 4). Particularly as this intersection is only 130m below the surface but with good potential above in the supergene zone where often there is substantial enrichment of the gold.

Similarly the first diamond drill hole (EBWDD031) has intersected 6m of brecciated hematite-chlorite in ironstone 1 (formerly called EB Deeps) that contains visible gold on fractures from 247m. The free gold occurs as isolated fine grains associated with hematite and chlorite. Locally minor pyritechalcopyrite occurs in the chlorite - note assays are pending (table 2 in link below).

These new intersections are consistent with numerous shallow, sub-parallel ironstones associated with steeply dipping shear zones (ironstones 2, 3 & 4) that coalesce into a master shear at depth (ironstone 1) - some 160m below the surface (figure 2 in link below). The extent of mineralisation within any one ironstone is yet to be ascertained however continuation of the high-grade gold across many of these ironstones augers well for substantially adding to the existing JORC resources within our 100% owned Tennant Creek project in the Northern Territory.

The nature of the high grade gold mineralisation at Edna Beryl is very typical of the Tennant Creek Mineral Field however, this style of predominantly hematite associated gold has gone virtually undetected by previous explorers. This is Emmerson's third discovery of this style and opens up the entire field to a new generation of deposits that are hosted by non to weakly magnetic hematite ironstones.

Managing Director of Emmerson Resources Rob Bills commented: "This intersection of 8m at 157g/t gold is the best drill result in the history of Emmerson's drilling at Tennant Creek. It not only augers well for the Edna Beryl project but is analogous to high grade results seen in some of the famous historical mines that Tennant Creek is renown - as one of Australia's highest grade goldfields.

Interestingly this particular assay is our first ore grade intercept in ironstone 3, which now opens up additional potential for shallow high grade gold, being only 130m below the surface and with excellent potential above, below and along strike.

Similarly the first diamond drill hole at Edna Beryl by Emmerson (EBWDD031) has intersected visible gold and copper - confirming the down plunge continuation of the main Edna Beryl mineralisation.

This intercept highlights the deeper potential of ironstone 1 which remains open in all directions and is the subject of our current 6,500m drill program."

Once the RC program is completed at Edna Beryl, the rig will move across to the Susan prospect to test extensions to some of the better historical drill holes (including SSRB04 - 9m at 9.12g/t gold, SSRB05 - 11m at 19.5g/t gold and SSRB07-10m at 8.0g/t gold) (figure 3 in link below).

The last prospect for drill testing in this campaign is at a newly generated green fields target called Retsina - an analogous structural setting to Edna Beryl (figure 1). Of interest at Retsina is the presence of brecciated hematite ironstone at surface which returned a "near ore" geochemical signature - whilst it is early days in terms of testing the efficacy of this proprietary geochemical discriminant tool, the data so far indicates the possibility of distinguishing barren from gold fertile hematite ironstones. If successful, this technique will greatly increase our success rate in discovering this new generation of hematite hosted gold deposits.

To view the video with Rob Bills, please visit:
http://www.abnnewswire.net/press/en/85825/erm

To view tables and figures, please visit:
http://abnnewswire.net/lnk/N5417A6L

Video Provided by BigReviewTV http://www.bigreviewtv.com 

Emmerson Resources Limited
T: (08) 9380 6885
WWW: www.emmersonresources.com.au
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Otherlevels Holdings Ltd (ASX:OLV) Chairman's Address to AGM

November 29, 2016, 9:21 pm
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Otherlevels Holdings Ltd (ASX:OLV) Chairman's Address to AGM - I am pleased to welcome my fellow Shareholders to OtherLevels Holdings Annual General Meeting.

This has been our first full year as an ASX Listed company and the company has faced a number of challenges which has resulted in lower than expected growth.

New client acquisition has taken longer than anticipated due to a combination of extended sales cycles, the slowdown due to the northern hemisphere summer, the potentially larger size of some contracts, and the level of M&A activity in the UK wagering sector.

In addition the US Games sector proved difficult, due to the 'hit based' volatility of the games market, making most customers in this sector vulnerable to market cycles. As a result some customers were lost during the period, impacting our revenues and growth.

This, combined with our decision to continue investing in the North American market in the first half of 2016, created a higher level of costs without the resulting level of sales.

As a result, in September, 2016 we announced an adjustment to our sales strategy in order to optimize our sales execution in each market. As a result of this we have been able to reduce staffing by 22% resulting in significant cost reductions in the order of 27%, which will assist with our goal of becoming cash flow positive.

It is pleasing to report that since this decision, our billings across the two months of September and October have exceeded $1m, and we have seen the first sale of Action Engine, OtherLevels real-time messaging content option.

In the three months from September to November we have signed three new customers, including a UK listed Software and services company, a US based publisher, and a UK comparison site. We have also seen a strengthening sales pipeline.

The company is now seeing improved sales activity, an increase in additional opportunities in our installed base, and further interest in high margin professional services capabilities.

Financial Performance

Let me now turn to briefly summarise our financials results, which have previously been released to the market, for the financial year ending June 30, 2016:

Revenue for the period of A$3.5m, representing growth of 106% over the prior period, and a net loss after tax of A$6.4m.

Our average annualized recurring revenue per customer continued to grow, and at the end of fiscal FY16, stood at US$152K, for those customers using the platform for more than 12 months.

Subsequent to the year end, in September 2016, the company received A$799,000 as a cash refund under the Federal Governments R&D Tax Incentive Scheme. The funds will be used to advance OtherLevels second generation messaging platform and provide working capital for the business.

Capital raising activity

At the start of 2016, the Board determined that OtherLevels needed to raise $5m to achieve positive operating cash flow.

In March 2016 OtherLevels raised A$1.6m from existing shareholders via a 1 for 3 non-renounceable entitlement offer, and a further A$0.8m via a placement to institutional and sophisticated investors.

We continued to work with our financial advisors, Lodge Partners, and in June 2016 OtherLevels successfully raised an additional A$1.6m by way of a placement to institutional and sophisticated investors. In addition, the company entered into a Subscription Agreement to raise a further $1.6m, on a deferred settlement basis. Subsequently this was approved at an Extraordinary General Meeting held on August 5, 2016.

We have previously announced to the market that receipt of the funds due under the Subscription Agreement has been delayed. I am pleased to confirm that Lodge Partners are in the process of completing the funding for the first tranche of the Subscription Agreement which will be provided in the next few days.

New Operating model and enhanced sales strategy

We have aligned our sales and marketing resources, and related spend, with those geographies and sectors where OtherLevels can best achieve success. As such, in some locations we will go to market with a continuing and stronger partner centric strategy, while in others we will continue to engage with clients directly through the sales cycle.

The UK, Europe, and Australian wagering sectors continue to be priority markets for OtherLevels due to their regulatory settings which allow both online and mobile wagering.

In addition the loyalty membership sector, including travel and hospitality, selected online and retailers, and global publishers continue to provide opportunities as the end- users are more receptive to sophisticated online and mobile strategies.

Product Development

OtherLevels continues to cement its position as a leader in digital multi-channel marketing technology.

We have recently announced the release of OtherLevels 2, which redefines how marketers create messages and campaigns. We have developed a completely new user interface which enables marketers to easily combine multiple message formats and channels into messages and campaigns. When used with OtherLevels Intelligent Messaging, a single message can now reach each user , using the best channel and format so as to maximize campaign outcomes.

Our product development strategy is based in the belief that intelligent , data driven marketing automation is the critical element in enabling customers to focus on campaign content and maximizing outcomes, rather than focusing on how to reach their audience.

The company also announced Action Engine. Action Engine is an optional module, and compliments other value added modules, including Intelligent Messaging. While intelligent messaging determines the best channel and time to maximize message delivery, Action Engine makes sure that the message content and audience are both being selected dynamically in real-time.

At the end of 2015, OtherLevels featured in the Forrester review of Mobile Marketing Automation Platforms, and I am pleased to confirm that we are also featured in the recently published 2016 Forrester Review.

These platform developments, and independent validation via leading organisations such as Forrester, ensures that OtherLevels maintains a strong competitive position in the market, and can drive increased messaging and upsell opportunities from existing customers.

Summary

Otherlevels has reduced it's cost base, restructured the North American operations, and re-aligned our go to market model, to a mix of direct and partner sales, based on market and location.

The result is increased focus and reduced costs. We are now seeing a strong rebound in sales activity in the United Kingdom, with a good pipeline mix of new prospects, and existing customer volume growth, together with the adoption of additional product functionality. Given our customer base, the second half of our financial year generally represents strong rates of renewal from our existing customer base.

The Company continues to maintain a strong focus on attaining the right balance of cash burn and sales results. The Board and management will continue to closely monitor cash flow in order to ensure that OtherLevels is in the best financial position to optimize operational performance and maximize shareholder returns.

The Company will continue to work with it's advisors to ensure that the market understands the on-going progress towards operating positive cash flow. Similarly the Company will continue to highlight how the OtherLevels business model is built on initial upfront investment in platform and client acquisition, with long term recurring revenues. As OtherLevels continues to retain and expand existing clients, at lower marginal cost, we believe that over time the benefits of this approach will be recognized by the market.

Acknowledgements

I would also like to take this opportunity to thank our employees for their outstanding contribution, in developing our intellectual property, and in servicing our customers.

I also wish to acknowledge our customers for having placed their trust in OtherLevels, and in valuing our solutions and professional services.
And finally I would like to thank all our shareholders for their continued support, in what has been a challenging year. 

Otherlevels Holdings Ltd
T: +1-415-697-2130
WWW: www.otherlevels.com
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China Magnesium Corporation Ltd (ASX:CMC) Managing Director Update

November 29, 2016, 10:51 pm
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At the Annual General Meeting held in Brisbane today, Managing Director, Mr Tom Blackhurst updated shareholders regarding activities which have CMC well positioned for growth into 2017.

CMC has successfully procured 2 tenements at Greenbushes, WA with an exploration permit already approved for one tenement. Co-venturers SMH are presently in WA with Executive Director, Mr X P Liang and the company's corporate adviser, in order to progress completion of formal agreements and finalise exploration plans.

The sustained improvement in magnesium price is expected to continue in the medium term .Accordingly, requisite preproduction testing of the Pingyao plant has been completed and furnace preheating commenced with output of ingot expected late 2016 / early 2017.

Mr Blackhurst updated the meeting on the cost effective and environmentally responsible initiatives the company has undertaken over the past 12 months with a view to improving sustainable production efficiencies. An example of this is the use of the vertical kiln at the FMW plant instead of the rotary kiln to calcine the dolomite required for magnesium production. This initiative greatly reduces CMC's energy cost

It was most pleasingly noted that the rights and options issue closed over-subscribed. This support by shareholders, both new and existing to build capacity in strategic acquisitions is appreciated by the Board.

Whilst accepting there will be further challenges ahead, Mr Blackhurst is confident of the board delivering a rewarding 2017. CMC remains focussed on becoming a large, low cost, integrated producer of magnesium, semi coke , tar oil and other industrial products while remaining flexible , aware and ready to take advantage of any synergistic opportunities afforded. 

China Magnesium Corporation Ltd
T: +61-7-5531-1808
F: +61-7-5597-1096
E: info@chinamagnesiumcorporation.com
WWW: www.chinamagnesiumcorporation.com
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