Matt Birney

Matt Birney is the author and a Director of Bulls N Bears which is a joint venture between Business News and Birney Corporate Communications. Bulls N Bears is an ASX release distribution platform that "turbo charges" the reach of public company announcements by utilizing the significant resources and public following of Business News. Bulls N Bears delivers information driven by public company announcements to the tens of thousands of Business News subscribers, distributes it on Twitter to targeted financial markets participants and sends it to its 1000 strong database of financial journalists at every significant media outlet across Australia. Bulls N Bears also records and distributes radio interviews with public company CEO's for the purposes of thoroughly exploring the ramifications of a company announcement before uploading the link to each interview to its unique web portal that sits inside the Business News website. 

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Middle Island hits high grades in resource drill out

Middle Island Resources has returned some serious diamond drilling results going nearly 2 ounces to the tonne gold near Sandstone. Higher grade results were returned from BIF and basalt units, including 2m @ 54g/t from 340m down-hole and 93m @ 2.57g/t from surface respectively. The target tonalite intrusion returned thick lower grade results including 165m @ 1.11g/t gold from 85m down-hole at the Two Mile Hill deeps deposit.

Strike opens up the pumps at Jaws-1

Strike Energy’s landmark Jaws-1, super-deep coal seam gas well in the Cooper Basin of South Australia, continues to demonstrate excellent productivity with water production rising 18% to 1300 barrels per day. The pumps are being run at less than 50% capacity while reservoir pressure is currently about of the original pressure prior to beginning depressurisation. Strike is managing the water drawdown to maximise gas recovery.

Aquabotix expands links to US military

Underwater drone developer Aquabotix has joined the Information Warfare Research Project consortium which provides members with a fast tracked route to secure contracts offered by the US Space and Naval Warfare Systems Command. The company will gain access to key partners and customers and gain the ability to be able to carry out rapid research and prototyping using nondilutive funding options available under the OTA.

Azumah onto 3km gold target in Ghana

Azumah Resources has outlined several new gold exploration targets from geophysical interpretations of a comprehensive VTEM survey at its emerging Wa East gold camp in northwest Ghana. The company says the 3km long Eve target has all the hallmarks of the Julie system nearby, which holds 834,000 gold ounces. The new target coincides with strongly anomalous gold geochemistry in surface sampling, but has not yet been drill tested.

Lithium Australia hits wide mineralised zones in Europe

Lithium Australia has announced consistent grades of lithium in three diamond drill holes completed at its emerging Sadisdorf project in eastern Germany. Results include 78.51m @ 0.51% lithium oxide from 78.49m and 68.76m @ 0.51% lithium oxide from 211.49m down-hole in the same hole. Other results of 19.74m @ 0.65% tin from 83.42m down-hole and 15.97m grading 0.5% tungsten were also recorded from the polymetallic deposit.

Sublime copper-gold results for Hammer at Mt Frosty

Hammer Metals’ diamond drilling has returned a near surface intercept of 14m @ 5.93g/t gold and 2.19% copper including 5.5m @14.5g/t gold and 6.87% copper at the Jubilee prospect within its Mt Frosty JV near Mt Isa in Queensland. Fresh sulphide mineralisation samples from the drilling will be used for preliminary metallurgical studies to determine copper, gold and cobalt recoveries with results expected soon.

82m of graphite for BlackEarth in Madagascar

ASX listed BlackEarth Minerals has made an exceptional near-surface intercept of 81.8 metres grading 6.1% total graphitic carbon at the Haja prospect in southern Madagascar that raises the likelihood of a resource upgrade. Further assays from the 26 hole program are expected to be received soon and the company expects to release a maiden JORC-compliant resource estimate for Haja soon.

Reedy identifies conductor at US lithium brine play

Reedy Lagoon has received some very encouraging results from a subsurface 3D geophysical survey at its Clayton Valley project in Nevada, USA. The survey shows an intriguing, 200m thick, conductive mass, starting from about 250m vertical depth, which the company says could represent multiple lithium-rich brine aquifers. The project is directly adjacent to Albemarle’s Silver Peak mine, which is North America’s only producing lithium brine operation.

Calidus hits surface gold in Pilbara

Drilling at Calidus Resources flagship Warrawoona gold project near Marble Bar in the east Pilbara has returned absolute surface gold hits including 8m @ 3.9g/t gold from 0m at the St George Shear prospect. St George has similar geology and gold mineralisation to the highest‐grade lodes across the Klondyke Main Shear and the company is carrying out infill drilling now.

Geopacific now holding 93% of PNG goldfield

Geopacific Resources has increased its effective interest in the promising Woodlark Island gold project in PNG to 93%. The company recently achieved its second tranche milestone with project JV partner Kula Gold Limited, of which Geopacific owns an 85% stake. On site, the company is continuing its extensive soil sampling program, which has outlined multiple targets and a DFS is also well underway.

PharmAust to start phase II dog cancer trials

ASX listed Pharmaust is preparing to carry out phase II clinical trials on dogs for its anti-cancer drug Monepantel, expected to kick off in quarter 4. Data from the canine phase II trial will be combined with lab tests to confirm Monepantel’s effectiveness at killing selected human tumour cells to form the basis for clinical trials in humans.

Hammer finds second high grade copper zone in Qld

Hammer Metals is on a roll in QLD after the small cap explorer identified a second high grade copper zone with significant gold values at its new Judith prospect, part of the company’s emerging Perentie project, near Mount Isa in Queensland. Surface rock chip assay results up went to 25% copper and 7.23g/t gold at Judith and were located only 800m north of the Paddy B prospect.

Volt closes in on next Bunyu graphite offtake deal

Volt Resources has signed a cooperation agreement with HAIDA Graphite, one of China’s largest graphite companies. The agreement could lead to a future deal on the supply and purchase of graphite product from the Bunyu project in southern Tanzania. The company has also lodged an amended prospectus for its USD$40m note issue in Tanzania that includes the recent Stage 1 Feasibility Study results and a binding offtake agreement.

Successful brine trials for Australian Potash

Australian Potash has announced it has successfully transferred brine from a pre-concentration pond into a salt harvesting pond at its Lake Wells sulphate of potash project, located near Laverton in W.A. The company will produce 250kg of refined trade samples for delivery to its MoU off-take partners during the 4th quarter of 2018. The ongoing test work will feed into the company’s DFS.

Tyranna leaps into cobalt space with Nevada acquisition

ASX listed Tyranna Resources is acquiring a cobalt and base metals project at the historic Goodsprings mining district near Las Vegas in southern Nevada that contains multiple copper, zinc, lead, gold and cobalt mines. The company plans to apply modern exploration and mining techniques to the project, where mines historically produced about 20 tonnes of ore with reported grades of between 6% and 29% cobalt in the 1920s.

Chilean silver credits on the cards for Emu

ASX junior explorer Emu NL is planning to search for silver mineralisation at the Vidalita prospect in northern Chile after drilling indicated it is similar to other deposits in the Maricunga Belt that have large gold resources and significant silver credits. Follow-up drilling will also target the large zones of low grade base metal mineralisation – particularly zinc – that was outlined in the previous campaign.

Artemis completes Munni Munni JV and targets gold

Artemis Resources has completed its 70% earn-in on the Munni Munni JV tenements, located 40km south of Karratha in the Pilbara region of W.A. Whilst the area contains Australia’s largest palladium occurrence, the JV partners are initially targeting the under-explored gold potential of the area. A geological review by Artemis has identified the prospectivity for structurally-hosted, hydrothermal and/or detrital-conglomerate gold mineralisation within the JV tenements.

Greenland Minerals sets growth plan with Chinese shareholder

Greenland Minerals has executed an MoU with major shareholder, Chinese global rare earths player Shenghe, to develop the flagship Kvanefjeld project in Greenland. The agreement covers off-take, sales and marketing of rare earth products and strategic project progression going forward. The partners have agreed to flexibility in off-take arrangements for the project’s output, being either rare earths in chemical concentrate or rare earths in mineral concentrate.

Droneshield jumps red tape with US pre-approval

DroneShield’s entire suite of anti-drone products has been placed on the GSA Schedule, allowing US Government agencies to purchase its drone combating products at pre-negotiated prices and purchase terms without going through a competitive process. Its products have also been placed in the GSA advantage catalogue which allows authorised Governmental employees to purchase them online.

Ironbark discovers lucrative mineral in Greenland

Ironbark Zinc has received a study indicating that there is valuable “germanium” present in the lead minerals at its Citronen project in Greenland and that the metal is likely to be part of the planned lead concentrate. The study by the University of W.A indicated that germanium is associated with the pyrite and the company is planning to carry out further test work to determine if the grades are payable.

Vonex telco user base in rapid climb

Vonex’s registered cloud based PBX users has risen 28% year-on-year to 24,000 users at the end of July 2018 up from 18,700 in 2017, derived mainly from Channel Partner sales. The company has started a trial marketing campaign in south-eastern Queensland to gather information ahead of a launch across major Australian capital cities in October 2018.

Azumah extends gold mineralisation in Ghana

The latest drilling results from Azumah Resources’ Wa East prospect in north western Ghana have confirmed the overall prospectivity of the region and will most likely have positive implications for future increases in mineral resources and ore reserves at the broader Wa gold project. Results up to 2.44m @ 7.12g/t gold from 106m and 20m @ 1.44g/t gold from 121m in the same hole, have extended mineralisation by 80m.

Northern ready to export first rare earths shipment

ASX listed Northern Minerals has brought its Browns Range pilot plant project in W.A.’s Kimberley region to mechanical completion and has produced about 100 tonnes of xenotime concentrate for commissioning into the hydrometallurgical plant. The company can now start production of export quality rare earth carbonate, making it the only significant dysprosium and terbium producer outside of China.

Calima cashes up for exciting Montney oil and gas play

Calima Energy has raised $25m through an oversubscribed two tranche private placement of 462.97 million shares priced at 5.4c each to fund its upcoming drilling campaign in the revered Montney oil and gas play in Canada. The placement was corner-stoned by Australian boutique fund manager Tribeca Investment Partners, who has also agreed to arrange a project development finance facility of up to $40m.

Research house sets price target of 17c for Hot Chili

Research house EverBlu Capital has set a price target of 17c a share for aspiring copper producer Hot Chili, based on its 80% ownership of the flagship Productora copper project in Chile. EverBlu says the $30m company could be worth as much as AUD$511m if Hot Chili could process a higher-grade ore blend, by incorporating 10% of its annual sulphide ore feed from small satellite copper mine deposits currently being developed by the company.

Terrain generates new gold targets near Leonora

Terrain Minerals has outlined a number of new gold exploration targets on its Wild-viper exploration licence that completely surrounds its Great Western gold project, north of Leonora in W.A. The company will shortly commence reconnaissance geological mapping and soil sampling programs over the areas of interest. Terrain also said this week that drilling results from its RC drill program at the Red Mulga exploration play near Geraldton are imminent.

Artemis back on gold trail at Purdy’s

Artemis Resources’ JV partner Novo Resources has shown that a highly prospective gold-bearing conglomerate unit strikes for at least 1.2km at the Purdy’s Reward project near Karratha. Recent field work has located fault structures and a distinctive mafic marker horizon that control the distribution of gold. The JV partners are presently diamond drilling at Purdy’s Reward and preparing to take bulk samples of the deposit.

Ducks all lining up in a row for Strike

Strike Energy’s Jaws-1 horizontal coal seam gas well in the Cooper Basin of South Australia, is currently flowing water at a rate of about 1,100 barrels per day and rising with the electric submersible pumps operating near their lowest setting. This indicates significant reservoir inflow from the targeted Vu Upper coal seam and the company will continue to ramp up water production until sustained operations are achieved.

Infinity looks to lithium hydroxide in Spain

Infinity Lithium has started a scoping study that will look into the potential for the company to economically produce lithium hydroxide alongside its San Jose lithium mine in western Spain. The study is due to be released in September and could result in the company progressing its ongoing feasibility study towards producing a higher value lithium hydroxide battery chemical product rather than lithium carbonate.

Myanmar picks up pace at Bawdwin

Myanmar Metals has commenced a 15,000 metre resource development drilling campaign at its Bawdwin polymetallic mine in central Myanmar. The program is expected to grow the project’s mineral resource estimates and define a large ore reserve, underpinning a feasibility study due for release in late 2019. The drilling will also allow a more thorough evaluation of the mine’s copper-cobalt-nickel potential and help delineate extensions of the existing lodes.

Larger contracts in Babylon’s sights

Babylon Pump and Power has secured a $1.5m asset finance facility from National Australia Bank to support its contract to supply power generation to BHP’s Mining Area C surplus water pipeline project. The facility and $4.5m raised through a convertible loan issue gives the company cash reserves to grow its asset fleet and pursue larger contracts.



King River set to power the world with amazing vanadium resource

High purity vanadium is being tipped for greatness as a revolutionary force in battery storage of renewable energy. Perth’s King River Copper may well have the largest and highest purity in-ground resource in the world in W.A. Last week the company proved it could produce the holy grail of purity levels at 99.5%, placing it amongst elite company around the world.

88 Energy rubbing shoulders with oil majors in Alaska

A Perth based ASX listed junior has quietly been sweeping up big swathes of lucrative acreage in Alaska’s hottest oil province known as the North Slope with the truth diviner in the form of a drill rig about to be put to the test in coming months. 88 Energy will soon drill a well targeting up to 400 million barrels at its Western Blocks project in the region.

Tantalising gold recoveries for Novo in the Pilbara

Pilbara conglomerate gold theorist Novo Resources has generated rich concentrates from ore sorting trials at its Comet Well project near Karratha, producing ore grades up to 792.4g/t gold. The company also separated coarse gold nuggets from gravelly ore horizons at its Egina project near Port Hedland using gravity techniques and it has suggested that the procedure could be ramped up to a larger scale in the future.

Pilbara begins work on 5Mtpa expansion

With Stage 1 of the giant Pilgangoora Lithium mine racing ahead, Pilbara Minerals has stepped up work on expansion plans that could make the project the world’s largest Lithium mine. The ASX-listed Lithium developer yesterday announced it had awarded further key contracts, including power generation and was reworking its expansion plans to boost Stage 2 capacity from 4Mtpa to 5Mtpa.

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Weebit makes breakthrough with game changing memory tech

Technology company Weebit-Nano continues to make big strides in the development of its game changing “Re-Ram” memory storage technology with the announcement of successful electrical testing.  Weebit believes Re-RAM has the capacity to revolutionise memory storage due it being faster, cheaper and requiring less energy than current flash storage methods.

Sharks wary of SMS patterned wetsuit says UWA

ASX listed Shark Mitigation Systems have achieved scientific validation of their unique, patented, shark deterrent wetsuits after the University of W.A completed a ground breaking trial of the company’s “SAMS” wetsuit technology with live white sharks in South Africa. The results, which are quite stunning, show that it took a shark 400% longer to engage with a SAMS wetsuit.

Pilbara Minerals to move into Lithium downstream processing with Chinese

In the Lithium business it can be very profitable to own a mine, however, turning that Lithium into battery grade chemicals, commonly known as downstream processing, can be even more lucrative. Market darling Pilbara Minerals have given a hint of their medium term strategy after signing an MOU to move into the Lithium downstream processing business with the Chinese. 

Weebit to collaborate with Global tech powerhouse to commercialize revolutionary computer memory

It doesn’t happen often but every now and then a tech story comes along that looks like it just might survive the tech bubble and create a real business that makes real money. One such story at least at face value is ASX listed Weebit Nano that was back door listed by Perth connections into Radar Iron earlier this year and is now headquartered in Nedlands.