Category Archives: Press Releases

IRW-Press: migme Announces Partnership With Sony Music India

migme Limited (“migme” or the “Company”is pleased toannounce a partnership with Sony Music Entertainment India Private Limited(“Sony Music India”), providing the Company with a broader portfolio of artistsahead of an expansion of its presence into India.

Over the coming months, Sony Music India will bring several new artists onto the migme platform, where they can engage in a range of digital activities including the posting of music, images, video, contests, campaigns and live chat. They can also engage in offline activities that may include appearances, performances and interviews. With this new fan base onmigme, Sony Music India artists will receive a share of revenue generated from the sale of virtual goods and gifts via their engagement.

migme Limited CEO Steven Goh said: “This is a valuable new partnership formigme as we continue with our expansion into India. We look forward to working with Sony Music India as we grow our reach and plan to execute to a larger programme later this year.”

Shridhar Subramaniam, Sony Music President, India and Middle East, said:migme will be a new social media channel for our local artists and bands in India where fans will be able to deeply engage with them. We believe fans are what keep artist’s alive, music keeps them connected and migme will help stitch them both together.

Earlier this month migme announced an initial move to expand its successfulartist engagement programme into India through a partnership with CAA Kwan, one of the country’s largest celebrity and sports management agencies.

Media contacts

Australia/Asia

Luke Forrestal

Mobile: (+61) 411 479 144

lforrestal@canningspurple.com.au

migme Limited

ABN 43 059 457 279

13/36 Johnson Street, Guildford, Western Australia 6055 

Telephone: +61-8-9378 1188

About migme Limited

migme Limited (ASX: MIG | WKN: A117AB) is a global digital media company focused on emerging markets. We deliver social entertainment services through mobile apps migme and LoveByte, artist management websitealivenotdead and ecommerce services through Sold. The Company is listedand registered in Australia. Headquarters are in Singapore with offices in Malaysia, Indonesia, Taiwan and Hong Kong. For more information, please visit http://company.mig.me

IRW-Press: Red Mountain Discovers Ounce Per Tonne Gold Lode

Perth-based Red Mountain Mining Limited (ASX:RMX) is pleased to announce the results of an exceptionally high-grade surface trenching intersection from its Lobo Prospect, on the Batangas Gold Project in the Philippines of:

2.0 metres at 31.1 g/t (1 ounce per tonne) gold (Au) including 1.0m @ 60.2 g/t Au

This new high-grade trench intersection is located 100m along strike to the southwest of the recent Japanese Tunnel drilling. In addition, a further 200m along strike, surface sampling of vein boulders produced assays of up to 33.5 g/t Au extending the Southwest Breccia (“SWB”) – Japanese Tunnel zone to 500m strike length before the structure passes under younger limestone to the southwest (see Figure 1).

Red Mountain’s Managing Director, Jon Dugdale, commented: “The rich gold grades of the new, at surface, lode discoveries – more than an ounce to the tonne – highlights the potential for additional high-grade gold shoots within this mineralised corridor, which may be similar or better than the high grade Southwest Breccia resource.”

“The Company has identified a vein system that now extends over 500m and further trenching, then drilling, is planned to confirm continuity and define additional high-grade mineral resources to upgrade our current 408,000 ounce resource base.”

Drilling at Japanese Tunnel during August and September 2013 produced peak intersections in LB-82 of 8.7m at 4.34 g/t Au from 2.9m including 3.7m @ 8.6 g/t Au and LB-85 of 3.7m at 3.06 g/t Au, 2.26 % Cu from 12.3m including 1.55m @ 5.97g/t Au, 4.88% Cu.

These results partially confirmed the Exploration Target and opened up potential to extend the mineralised zone to the southwest, where mapping has determined that the structure continues a further 500m before it is covered by a veneer of post-mineralisation limestone (see Figure 1).

The new trench (7), which targeted an area below a surface-subcrop rockchip sample result of 15.9 g/t Au and 18.7 g/t Ag, excavated through approximately 1.5m of soil, colluvium and subcrop before intersecting a 2m wide quartz-barite-sulphide breccia lode 100m directly along strike from the Japanese Tunnel drilling.

Samples were initially taken 1m below surface, producing an intersection of 2m @ 10.7 g/t Au including 0.5m @ 34.4 g/t Au and again at the base of the trench 1.5m below surface where the intersection of 2m @ 31.1 g/t Au including 1.0m @ 60.2 g/t Au was produced.

Further trenching either side of Trench 7 is in progress, as well as additional trenching in the vicinity of the 33.5 g/t Au boulder sample location, 200m west of the new trench, and in other prospective areas. 2

The Japanese Tunnel Exploration Target has now been expanded from Japanese Tunnel to the new Trench, a strike length of 150m, and to a depth of 200m below surface – which is considered a reasonable projection based on the depth of the SWB shoot.

The SWB shoot remains open at depth where an additional Exploration Target has been calculated. The total Exploration Target, including Japanese Tunnel-Trench 7, and SWB deeps, is estimated in a range of 240,000 tonnes to 360,000 tonnes grading from 7.4 g/t Au to 11.1 g/t Au for between 57,000 oz Au and 128,000 oz Au, (see Table 1 below for details). The potential quantity (tonnage) and grade of the Exploration Target is conceptual in nature and there is insufficient exploration to estimate Mineral Resources and it is uncertain whether further exploration will result in the estimation of Mineral Resources.

About the Lobo Prospect

Surface trench channel sampling and drilling conducted by Red Mountain intersected high-grade epithermal gold mineralisation in five areas on the Lobo Mineral Production Sharing Agreement (“MPSA” – equivalent to a Mining Lease), namely SWB, Pica, Japanese Tunnel, West Drift and Ulupong (see Figure 3 below).

Mineral Resources (JORC 2004) have been defined for the SWB shoot, totaling Indicated and Inferred 194,000t @ 7.2 g/t gold for 45,000 ounces of gold (“oz Au”). This includes an Indicated Resource of 178,000t @ 7.4 g/t Au for 42,000 oz Au and an Inferred Resource of 16,000 t @ 5.3 g/t Au for 3,000 oz Au.

Exploration Targets have been defined for the Japanese Tunnel and Pica prospects and a continuous program of soil sampling, surface trenching and follow up drilling continues with the objective of defining additional high-grade Mineral Resources on the Lobo Prospect.

For further information about Red Mountain please visit www.redmm.com.au or contact:

Company Investors Media
Jon Dugdale Matt Birney
Managing Director Birney Corporate
(+61) 402 298026 (+61) 419 217 090
(+61) 8 9226 5668 (+61)8 9226 5668
E : jon.dugdale@reddmm.com.au E : matt@birneycorporate.com.au

About Red Mountain Mining Limited

Red Mountain Mining (ASX: RMX) is primarily a gold explorer and project acquisition company which listed on the ASX in September 2011. The Company’s strategy is to unlock the potential of ‘under-developed’ gold and polymetallic projects in the greater Asian region by introducing Australian mining methods and improving efficiencies to gain significant production and exploration upside.

The Company holds direct and indirect interests in tenements in the Philippines that contain significant gold resources and several high-quality copper-gold prospects.

Total Mineral Resources at Batangas at a 0.85 g/t Au lower cut off include Indicated Resources of 2.76 million tonnes @ 2.3 g/t Au, 208,000 oz Au and Inferred Resources of 3.02 million tonnes @ 2.1 g/t Au, 200,000 oz Au for a total of 5.78 million tonnes at 2.2 g/t Au, 408,000oz Au (announced January 30th 2013, 2004 JORC). The Company is focussed on upgrading the Batangas resources through discovery of new, high grade, gold zones at Archangel, and Lobo (e.g. Japanese Tunnel, Pica, West Drift, Ulupong). The Company will continue exploration with the objective of increasing the size and grade of the Mineral Resources at Batangas and complete a scoping study to demonstrate the potential viability of a gold mining and
processing project.

Other gold opportunities will be reviewed on a continuous basis.

Competent Person Statement

The information in this report relating to Exploration Results, Exploration Targets and Mineral Resources is based on information compiled by Mr Jon Dugdale who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the various styles of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Dugdale is a full time employee and Managing Director of Red Mountain Mining Ltd. Mr Dugdale takes responsibility and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Local Rubbish Removal Company Making Sure Business Waste Doesn’t Go to Waste!

While some Australian rubbish removal companies have been making it into the news for the wrong reasons lately, Everything Rubbish continues to earn attention for all the right ones.

Most recently, the company has been praised by commercial clients for its
commitment to protecting the environment.

“When a business gets commercialized rubbish removal services from Everything Rubbish they are not just hiring a dedicated company, they are hiring a green company as well,” said Anthony Saba, owner of Everything Rubbish.

“When removing rubbish and other objects from a company, we make sure to sort and segregate anything that can be donated or recycled,” Saba said.
“In other words, we make sure a business’s waste doesn’t go to waste as we keep reusable materials out of our landfills and in the recycling centers where it belongs.”

Everything Rubbish has been serving the Sydney NSW area for over nine years now. In addition to Commercial Rubbish Removal the company also offers:

  • Office & Factory Rubbish Removal
  • Builders Rubbish Removal
  • Strata Rubbish Removal
  • Estate Rubbish Removal
  • Garden Rubbish Removal
  • Furniture Rubbish Removal
  • Carpet Rubbish Removal
  • Electronic Rubbish Removal
  • Landscape Clean-Ups

To learn more about Everything Rubbish, please visit http://www.everythingrubbish.com.au/ or call 1300 559 052.

 

While some Australian rubbish removal companies have been making it into the news for the wrong reasons lately, Everything Rubbish continues to earn attention for all the right ones.

Most recently, the company has been praised by commercial clients for its
commitment to protecting the environment.

“When a business gets commercialized rubbish removal services from Everything Rubbish they are not just hiring a dedicated company, they are hiring a green company as well,” said Anthony Saba, owner of Everything Rubbish.

“When removing rubbish and other objects from a company, we make sure to sort and segregate anything that can be donated or recycled,” Saba said.
“In other words, we make sure a business’s waste doesn’t go to waste as we keep reusable materials out of our landfills and in the recycling centers where it belongs.”

Everything Rubbish has been serving the Sydney NSW area for over nine years now. In addition to Commercial Rubbish Removal the company also offers:

  • Office & Factory Rubbish Removal
  • Builders Rubbish Removal
  • Strata Rubbish Removal
  • Estate Rubbish Removal
  • Garden Rubbish Removal
  • Furniture Rubbish Removal
  • Carpet Rubbish Removal
  • Electronic Rubbish Removal
  • Landscape Clean-Ups

To learn more about Everything Rubbish, please visit http://www.everythingrubbish.com.au/ or call 1300 559 052.

 

IRW-Press: Bass Metals Ltd.: Corporate Update

Bass Metals Ltd (ASX:BSM) is pleased to provide this update on its recently announced asset sale transaction with Ivy Resources Pty Ltd (IRPL) and its short and medium term business strategy.

Sale of Hellyer Mill Operations Pty Ltd (HMO)

Settlement of the transaction to sell Bass’ wholly owned subsidiary, HMO to IRPL occurred on Saturday 23 February. Bass has now repaid all of its secured creditors and will settle all unsecured creditors in the coming days.

With the sale of HMO, Bass retains exploration and development rights in respect of base metals over the Hellyer Mine Lease through a Sublease Agreement, as well as its other existing tenement holdings. Ivy has confirmed to Bass that it intends for the Hellyer Plant to remain on site. The Hellyer Plant would, therefore, be available for Bass to utilise subject to Ivy’s development plans. Bass will continue to be involved in the site maintenance and environmental management activities under a technical services agreement to share and optimise personnel and services, but importantly for Bass, these costs will also now be shared.

Bass is now effectively debt free with approximately $3 million of working capital to restart exploration programs on its Tasmanian projects and pursue new project opportunities as outlined below.

Bass’ Managing Director, Mike Rosenstreich said “I would simply like to reiterate my earlier acknowledgement that this has been a very difficult period for our employees, creditors and shareholders. The Board and I are very grateful for their ongoing support and patience to achieve this positive result. We are already implementing a revised business strategy to rebuild shareholder value, which I will outline further in this release and future announcements”.

Business Strategy

This section sets out to provide stakeholders some insight into the overall business priorities and objectives over the next few months to the end of June 2013 as well as presenting initial ideas in terms of a longer term corporate strategy.

Exploration: the Company has resumed exploration activities on its Hellyer-Que licence areas today with preparations for downhole geophysical surveys of 20 diamond drill holes to assist in future targeting.

The exploration strategy will be refocused onto large scale polymetallic ore bodies and no longer be distracted by “near-mine” smaller scale incremental targets. Geophysical, geochemical targeting and drill spacing will be targeting individual resources of at least 1 million tonnes. “There are several highly promising targets in the Hellyer – Que area such as Switchback, D-Zone and Que South and on the Lake Margaret Exploration Licence, near Queenstown, we are eager to re-start work on the Newton copper-silver target”, Rosenstreich commented.

Site Care & Maintenance; Bass has placed both the Que River and Hellyer sites on care and maintenance whilst it assesses and seeks to increase the existing polymetallic resources at each site. Expenditure will be required to maintain environmental standards at both sites and to complete several rehabilitation projects including the completion of back filling a portion of the Fossey mine void. Planning of these capital works has commenced and is likely to be largely completed in the June quarter of 2013.

New Project Generation – the Board of Bass Metals has agreed that increased attention needs to be focused on diversification into a new project either through an acquisition, farm-in or even through a corporate transaction. An initial guiding framework has been established with the following key elements:

• Commodity Focus – based on positive market fundamentals and in house experience; gold, copper, gold-copper, tin, lithium (tantalum) and polymetallic base metals.
• Project Status – likely to be “scaleable” exploration projects i.e. with a large scale target or “conceptual resources” in a well-endowed mineral province. Renewed involvement in an advanced pre-development or production project would be considered but subject to an appropriate funding model.
• Jurisdiction/Sovereign Risk – overall Bass intends to take a “bankers” view on what countries to invest in and very mindful also of the personal safety of its people. The company considers that there are exciting opportunities in Australia as well as developed and emerging countries and will prudently assess these.

Offering Bass shareholders the diversification into a new project has already commenced with Bass currently assessing several project offers. However Bass is also taking a pro-active stance to identify opportunities through a systematic investigation of geological terrains, projects and companies.

LionGold Litigation

The IRPL transaction and recent extensions of Bass’ debt facilities have arisen due to the breach of a binding Share Sale Agreement by LionGold Corp. Ltd of Singapore in early September 2012, which, had it been completed, would have resulted in Bass receiving a total of $14 million in cash.

Bass has filed a writ for damages and a statement of claim in the WA Supreme Court against LionGold. Currently, LionGold is disputing whether the service by Bass of the writ on its service agent in Australia (being its Australian based solicitors) and executives was valid. This will be heard on 26 March 2013. To date LionGold has not responded specifically to the claims made against it by Bass in the current court action. Whilst Bass recognises that this sale with IRPL reduces the damages it claim from LionGold, the company considers that it still has a significant claim and will explore all opportunities to pursue this action and achieve an appropriate settlement.

Summary

As outlined above, by June 2013 the transitional phase of the HMO divestment, the scaling down process and rehabilitation projects should be complete and well established. In the medium term, a dual strategy of a wide ranging new project generation and a Tasmanian exploration program will also be well established and ideally starting to generate some results. Longer term the Company expects to realise a positive outcome from its litigation against LionGold and more importantly be well advanced on the new project acquisition and generating results from its existing exploration projects in Tasmania.

Competent Persons Statement

The information in this report that relates to Mineral Resource estimates is based on information compiled by Mr Michael Rosenstreich who is a fulltime employee of Bass Metals and a Member of the Australasian Institute of Mining and Metallurgy. Mr Rosenstreich has sufficient experience which is relevant to the style of mineralisation and type of deposit and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code)”. Mr Rosenstreich consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

Contact
Media
Mike Rosenstreich David Ikin/Colin Hay
Managing Director – Bass Metals Ltd Professional Public Relations
T: +61 (0)8 6315 1333 T: +61 (0)8 9388 0944

Disclaimer

This announcement contains certain forward looking statements. Forward looking statements can generally be identified by the use of forward looking words such as, “expect”, ‘intend’, “should”, “could”, “may”, “will”, “believe”, ‘propose’, “forecast”, “targets”, “outlook” and other similar expressions. The forward looking statements contained in this announcement are not guarantees or predictions of future performance and involve known and unknown risks and uncertainties and other factors, many of which are beyond the control of Bass Metals, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct. Bass Metals cautions shareholders and prospective shareholders not to place undue reliance on these forward looking statements. The forward looking statements are based on information available to Bass Metals as at the date of this announcement. Except as required by law or regulation (including the ASX Listing Rules), Bass Metals undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise.

IRW-Press: Alexium Obtains Ability To Expand Into China With Patent Protection

Alexium International Group Limited (Alexium) (ASX:AJX, AX:AJX, OTC QX:AXXIY) announced today that the Chinese patent office has accepted for patent grant Alexium’s “Method for Attachment of Silicon-containing Compounds to a Surface and for Synthesis of Hypervalent Silicon-compounds” (Chinese Patent Application No: 200680033595.4). The Chinese patent award follows patents in Europe, the U.K., Australia, Hong Kong, and Singapore. Additional patent applications are pending in other global territories.

China is an important market with growing sophistication in smart textile and materials. The textile industry continues to be one of China’s pillar industries and commands more than 15% of the nearly USD 400 billion global textile market. Chinese textiles exports have quadrupled since the year 2000, and China is now the world’s largest exporter of textile products, with about 30% global market share at over USD 76 billion.

With its Reactive Surface Treatment (RST) technology, Alexium is addressing global market gaps in textile applications, building materials, composite fabrics, and other materials that require high-end performance, environmentally friendly chemistries, and/or novel microwave curing methods. Alexium’s RST technology allows for the treatment of a wide range of materials, including those with chemically inert surfaces, textiles, composites and building materials – imparting water and oil repellency, antimicrobial, flame protection, or other functions using an energy efficient microwave process.

“The growing IP portfolio is strengthening Alexium’s ability to expand into key markets around the globe. Combined with improving financials and the commercial roll-out of its novel flame retardant chemistry, Alexium is well positioned for a very successful year.” remarked Nicholas Clark, Chief Executive Officer.

More information is available on our website www.alexiuminternational.com.

Contacts

United States
Nicholas Clark
Chief Executive Officer
nclark@alexiuminternational.com
+1 864 991 6687
+61 432 412 663

Stefan Susta
Chief Operating Officer
ssusta@alexiuminternational.com
T: +1 864 908 6946

Australia
Gavin Rezos
Chairman
grezos@alexiuminternational.com.au
M. +44 7447 560 303
M. +61 412 898 235

About Alexium

Alexium International Group Limited (ASX:AJX, AX:AJX, OTC QX:AXXIY) holds proprietary patent applications for a process developed initially by the US Department of Defense , which allows for the surface modification and attachment of nano particles or multiple chemical functional groups to surfaces or substrates to provide functions such as fire retardance, water proofing, oil proofing, anti-microbial, non-stick and UV protection. Applications under development include but are not limited to textiles, composites, paints, packaging, glass and building materials. Further information is available at www.alexiuminternational.com.

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