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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Galena lead project turns gold

Galena Mining’s targeting of the “apron zone” at its Abra project near Meekatharra will have shareholders pulses racing, after the company intercepted a 15.4m drill section grading 25.9% lead and 74g/t silver from 519m down-hole, including 7.7m at 41.7% lead and 116g/t silver from 525.7m. Drilling also intersected 8.0m @ 9.5g/t gold, 1.4% lead, 0.6% copper and 77g/t silver from 706m in the same hole.

Hot Chili uncovers new copper targets in Chile

Hot Chili has announced the discovery of multiple large copper exploration targets during a reconnaissance mapping and sampling program, near its San Antonio prospect area in Chile. Surface sampling produced results up to 6.5% copper, 1.97 g/t gold and 24.3g/t silver. The company also said an RC drilling program at San Antonio was progressing well, with assay results from priority holes containing visible copper sulphides due shortly.

Auroch closes in on South Australian zinc target

The Dewrang target is now the highest priority target for Auroch Minerals’ upcoming drill campaign after a ground induced polarisation survey returned a chargeability anomaly twice the size of that of the Grainger zinc target. Exploration drilling targeting highly-prospective copper, zinc and gold at the Bonaventura Project in South Australia will start in the third quarter.

BlackEarth graphite quality looking lucrative

BlackEarth Minerals has reported outstanding mineralogical results for its Razafy graphite prospect in southern Madagascar, with a significant proportion of the samples being classified as “super jumbo” flake, which currently attract premium prices of nearly A$3,600 per tonne. The company also said that drilling at the Haja prospect, 2km south of Razafy, has intersected wide zones of graphitic schist, enhancing the Maniry project’s prospectivity.

Connected IO turns out solid revenue quarter

Tech play Connected IO received combined cash receipts and accrued revenues of $998,000 in the June 2018 quarter with another $650,000 in purchase orders on the books yet to be invoiced. The company expects these results to scale up in the second half of 2018 on the back of its strategic relationships with major US customers.

Calima to benefit from $70b gas infrastructure spend in Canada

Calima Energy says that it will benefit from more than $70b worth of proposed gas pipeline and supporting infrastructure projects that are either at an advanced stage of planning or currently underway in the revered Montney oil and gas formation in Canada. Calima will start drilling its 72,000 acres of land in the Montney this year.

Azumah on a march in Ghana

Azumah Resources’ drilling program has provided further support for a possible feeder zone into the main Kunche deposit at its Wa gold project in Ghana which should enable the existing shallow pit design to be deepened. An update to both the Kunche and Wa Mineral Resource is expected in the third quarter of 2018.

Metalicity spots new lithium targets in world class region

Metalicity has identified two lithium pegmatites covering over 8km of strike at its Pilgangoora North project in the Pilbara. The exploration targets lie adjacent to a granite outcrop, which is interpreted to be the source of the area’s significant lithium mineralisation. The new targets are 9km along strike from the world class Pilgangoora spodumene deposits that hold 269.1 million tonnes grading almost 1.3% lithium oxide.

Vonex rolls out more telco tech

Vonex’s new customer sales online technology will enable channel partners to manage their customers’ telecommunications products efficiently online. This will include Vonex’s much vaunted cloud-hosted PABX office telephony systems. The new technology will be known as “Sign On Glass” and will play a major role on the company’s push into the channel partner market.

PharmAust biotech lab earns coveted accreditation

PharmAust’s wholly owned subsidiary, Epichem, is one of the first Australian companies to receive an international quality assurance accreditation coveted by manufacturers of pharmaceutical drugs. ISO17034:2016 covers the production of reference material used to check the quality of products or the calibration of instruments. Pharmaust is also rapidly progressing its promising Monepantel ant-cancer drug.

Myanmar upgrades lead zinc resource

Myanmar Metals has increased the “indicated” status of its mineral resource at the Bawdwin polymetallic deposit in central Myanmar by 23%. The indicated part of the resource now sits at 24.8Mt @ 5.1% lead, 2.8% zinc, 0.2% copper and 134g/t silver. Myanmar is now focused on completing a Prefeasibility Study and is also planning to drill away from the main China lode.

Legend hopes build in the Fraser Range

Legend Mining’s aircore drilling program has better defined the extent of the four mineralised footprints at the Area D prospect at the company’s Rockford project in W.A’s coveted Fraser Range region. Legend is reviewing drilling data from the past eight months to determine its next steps and will carry out regional drilling in the project’s south.

Strike gas theory checking out in South Australia

A huge amount of data gathering during the drilling of Strike Energy’s Jaws-1 coal seam gas well has backed up the company’s bold punt on a deep coal seam gas well and left the management confident that it will become “a major productive area”. The company is hoping to book a gas reserve sometime soon after a successful flow test.

Economic boost for Image on higher zircon price forecast

Image Resources has increased the forecast value for its Boonanarring mineral sands project in Western Australia by $38 million to $235 million on the back of higher zircon price forecasts by consulting company TZ Mineral International. The pre-tax rate of return is up to 125 per cent while payback is now expected in 13 months, down from 16 months.

Excellent gold recoveries for Draig near Bellevue

Draig Resources’ metallurgical tests have resulted in gold recoveries of up to 98.8% using conventional gravity and cyanide processing on ore from the Tribune Lode discovery just 2km from the historical Bellevue gold mine in W.A. Draig will test deeper extension targets below the Bellevue mine and it expects to complete a resource estimate for the project in the third quarter of 2018.

Southern Gold in surprise multi ounce gold find near Kalgoorlie

Southern Gold has scored a bullseye with a new geological model for an area south of the historic Transfind pit, with first-pass drilling hitting gold in all 13 holes and producing a best result of 1m @ 133.67 g/t. The results have backed up hopes for shallow, very high-grade gold that could be trucked to a nearby plant and add to cashflow from the Cannon mine.

Results keep rolling in at Mt Remarkable

King River Copper has announced more high grade gold results from the Mt Remarkable gold project, 200km southwest of Kununurra in the Kimberley region of W.A. The company is targeting the Trudi Vein system with close spaced drilling to delineate multi-ounce, plunging ore shoots. Exploration drilling is underway east of the main Trudi lode too, at the intersection with the Grahame vein system.

Kopore to sink first hole into Kalahari copper belt

Kopore Metals is starting a maiden 3,000m drilling program targeting the KM3 and GW3 targets at its Ghanzi West project in Botswana in search of regional scale copper silver anomalies. The project is located close to major development projects such as Cupric Canyon Capital’s Zone 5 resource and MOD Resources’ T3 copper project within the highly prospective but under-explored Kalahari copper belt.

Venus passes magical million ounce mark at Youanmi

Venus Metals has reported a significant increase in its near surface gold resource inventory at its Youanmi project to 10.1 million tonnes grading 1.65g/t gold for 533,000 ounces. When combined with the Youanmi Deeps underground resource, the global mineral resource at Youanmi now sits at just under 1.2 million ounces. The company is now looking at the viability of creating one “super pit” at the project.

Galena tables lovely set of numbers at Abra lead project

Galena Mining has announced some outstanding results in a scoping study for its Abra lead project in WA. With an initial mine life of 11 years, a base case scenario produces a pre-tax, post-royalty net present value of $394 million and a 61 percent internal rate of return. When fully operational, Abra will produce 1 million tonnes annually and generate free cash flows of up to $110 million a year.

Reedy lithium search goes high tech

Reedy Lagoon will conduct sophisticated geophysical surveys at its lithium brine projects in southern Nevada to produce an accurate 3D picture of potentially lithium-rich groundwaters and boost its chances of a discovery. The survey technique, known as audio magneto tellurics, shows the location of highly conductive zones within the subsurface that could represent volcanic ash layers laden with lithium brines.

Hammer takes 19.9% of Canadian JV partner

Hammer Metals is selling its 75% interest in the Millennium cobalt project in Queensland’s Mt Isa district to partner Global Energy Metals in exchange for a 19.9% stake in the Canadian company. This replaces the previous joint venture agreement and allows Hammer to focus on its exciting copper-gold exploration projects in Mt Isa.

King River kicks goal with new vanadium process

King River Copper’s first trial with an alternative processing flow sheet for its giant Speewah deposit has produced vanadium pentoxide with a purity of 99.47% and could open the door to the production of a high purity vanadium product. The new process has become the focus of testing because it produces material that is more readily upgraded into electrolytes for vanadium redox batteries.

Metallurgy stacking up at Southern Gold Korean play

Southern Gold’s Gubong JV gold project in South Korea could have low capital and operating costs if results from preliminary metallurgical testwork carried out by partner Bluebird Merchant Ventures is any indication. A study into the economic feasibility of re-opening the historic high-grade mine is due to be completed in July 2018. With samples going an ounce to the tonne Gubong is looking interesting.

Legend extends third mineralised intrusive in Fraser Range

Legend Mining has extended the strike length of the third mineralised intrusive body at its Rockford project in Western Australia’s Fraser Range region to more than 100m. It will start regional aircore drilling on selected targets in the southern Rockford project and carry out a full geological and geochemical assessment of Area D drilling results.

Strike aiming to flow gas from Jaws-1 in July

Strike Energy expects its Jaws-1 deep coal seam gas well in South Australia’s Cooper Basin to potentially come online in early July. Production testing will confirm the commercial viability of Strike’s Southern Cooper Basin Gas Project which has conditional gas off-take agreements already in place with substantial domestic gas consumers.

US Navy tips money into Aquabotix technology

Aquabotix has been awarded USD$78,000 from the US Navy to develop an unexploded ordnance detection solution that will be used to detect, locate and neutralise unexploded subsea ordnance. The company will incorporate the solution into its “SwarmDiver” miniature submarine drones or other unmanned underwater vehicles as it seriously strengthens its ties with one of the world’s most powerful militaries.

Neometals increases nickel inventory by 155% at Mt Edwards

Neometals Ltd has reported a major increase to its nickel mineral resources at the Mt Edwards project courtesy of four new deposits, nearly tripling metal inventories to 7.4 million tonnes grading 1.7% nickel for just over 123,000 tonnes. The company recently completed the acquisition of the Mt Edwards tenements from Apollo Phoenix Resources and with them, the assignment of further nickel rights.

Vonex to beta test social media voice APP

Vonex has started beta development of its Oper8tor communication aggregator application with a focus on system designs and platform architecture. Controlled testing is expected to start in October 2018 and the company is planning to soft-launch the app in Western Europe next year, to take advantage of its significant population and mobile phone usage.

Artemis & Novo to plough $5.4m into Pilbara gold exploration

Artemis Resources and Novo Resources have commenced a major exploration program aimed at proving up grades and tonnages at the Purdy’s Reward conglomerate and paleoplacer gold deposit, 35km southeast of Karratha, in the west Pilbara of W.A. The work will generate a mineralisation report to underwrite the application for a mining lease and the company also reported its 3.3km super-deep drill hole has reached 163m depth.

St George gets grade at Mt Alexander nickel play

St George Mining has increased the footprint of high grade nickel-copper sulphide mineralisation at the Stricklands prospect with intersections that include 6.25m @ 2.36% nickel, 1% copper, 0.15% cobalt and 1.25g/t total PGEs from 67.2m down-hole. Mineralisation is open to the west, north and east of the prospect and the company is planning a follow-up drill program.



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.

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.

Terrain creates excitement with serious gold hits near Leonora

Terrain Minerals may have just transformed their Great Western gold project near Leonora into something much more serious after the company reported a number of near surface, excellent gold hits during their latest drilling campaign. Best results include 3m @ 26.6 g/t gold from just 8m down hole, 2m @ 24.4 g/t, 5m @ 6.98 g/t and 2m @ 12.1 g/t gold. 

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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.