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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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.

Giant King River vanadium project becomes mammoth

King River Copper is thinking about a serious upsizing of its proposed mine at Speewah after an initial pit study found a monster-sized pit could be the best approach to mining the giant vanadium-titanium-iron deposit. The latest study has lowered the strip ratio to just 0.4 to 1, taking full advantage of the large, flat-lying and evenly-distributed mineralisation.

Adriatic rings the till again in Bosnia

Adriatic Metals has announced more stunning drill results from its Rupice prospect in Bosnia. High grade results were retuned from two ore lenses intersected in the same drill hole, including 36 metres grading 4.4g/t gold, 463g/t silver, 0.5% copper, 4.3% lead, 5.7% zinc and 55% barite from 196m down-hole and 22m @ 4.1g/t gold, 258g/t silver, 0.8% copper, 7.5% lead, 12.8% zinc and 56% barite from 244m down-hole.

King River puts on a show at Mt Remarkable

New spectacular drill results from King River Copper’s Mt Remarkable gold project in the East Kimberley have extended a very high grade epithermal gold zone and shored up the company’s view there could be other gold-rich zones nearby. Best results from the latest assays include 3m @ 41.75 g/t gold, including 1m @ 81.5 g/t, from a downhole depth of just 16m.

1.6% cobalt for Nzuri in the DRC

New assays have confirmed Nzuri Copper’s high hopes for a cobalt-rich zone just 800m along strike from its proposed Kalongwe copper project. Resource drilling is already being planned with expectations of a JORC resource in the near term. Drilling at Monwezi II just 2.5km along strike has also produced some very encouraging signs of copper and cobalt, including massive sulphides.

Copper-lead-zinc soil samples point the way for Kopore

Kopore Metals has announced that a regional soils program at its KM1 EM anomaly has produced two impressive copper-lead-zinc targets in geologically and structurally favourable locations at the Ghanzi West prospect area in Botswana. The coherent anomalies are identified over a12 square kilometre area, coinciding with airborne and ground EM geophysical anomalies. The company considers the new anomalies to be high value drilling targets.

Australian Potash goes for gold at Yamarna

Australian Potash’s Yamarna gold project could host a northern extension of Gold Road Resources’ high grade gold targets to the south. This includes an anomaly similar in scale to Gold Road’s Ibanez prospect. The company is now finalising a second stage drill program that will include reverse circulation drilling to test the depth and primary mineralised structures.

Geopacific sets lofty exploration target in PNG

Geopacific has initiated a major exploration program at its Woodlark gold project in PNG. The company recently raised $10m and will channel the funds towards increasing its mineral resource inventory with a view to extending the proposed mine life beyond 10 years. Drilling will focus on under-explored, high grade structural corridors and historical targets between and adjacent to the large Kulumadau and Busai gold deposits.

Legend gets nickel hint in Fraser Range

Legend Mining has unearthed a third nickel-copper mineralised intrusive of magmatic sulphides within a host rock similar to the famed Nova-Bollinger deposit, at its Rockford project in the Fraser Range. The new result of 37m @ 0.25% nickel and 0.03% copper from 78m depth, was substantiated by rock petrology identifying nickel sulphides in a highly prospective olivine rich gabbronorite rock mass.

Calidus laying on the ounces at Warrawoona

Calidus Resources has achieved success in a major resource drill out at its Warrawoona gold project in the Pilbara. Results of up to 10m @ 3.84g/t gold from 27m down-hole at the Coronation prospect have confirmed a strike length of about 250 metres for the prospect. The company also reported it had extended the Klondyke mineralisation another 150m down-plunge with strategic deep diamond drilling.

Capricorn adds $100m in value to gold play

Capricorn Metals expects to secure financing for its Karlawinda gold project in the Pilbara in the September quarter after optimisation work increased the project net present value from $144m to $243m. Other improvements include an IRR of 36% from 31%, payback in just 2.5 years instead of 3 years, a 10% reduction in capital costs to $132m and a 2 year increase in mine life to 8.5 years.

Aquabotix tightens links with US military

Aquabotix will have the opportunity to bid on research and development projects after joining the Innovative Undersea Prototype Development Consortium. The Consortium supports a US Navy program that seeks to address the endurance and data transmission challenges faced by unmanned underwater vehicles.

St George finds new nickel conductors at Mt Alexander

St George Mining has announced 4 new drill ready electromagnetic conductor targets at its Investigators prospect, 100km west of Leonora in the northern Goldfields of W.A. The best target is interpreted to be 120m down-plunge of an intersection of 5.3 metres grading 4.95% nickel, 2.75% copper, 0.16% cobalt and 4.55 grams per tonne total PGE’s from 157.9m down-hole.

Sky & Space taps multi-billion dollar Chinese market

Sky and Space Global, has signed a deal with China’s Beijing Commsat Technology Development Co. that provides a fast entry into China’s burgeoning “internet of things” market for the Perth listed upstart telco. The parties will explore how Sky and Space’s nano-satellite technology can be incorporated and used to advance and enhance the current network offering from Commsat Technology.

Hammer knocks out impressive cobalt intercept in QLD

Hammer Metals has made its best ever intercept of 41 metres @ 0.18% cobalt, 0.11g/t gold and 0.23% copper from 14m down-hole representing the true width of the mineralisation at the Millennium project near Cloncurry in QLD. Drill results will now be reviewed before carrying out further exploration on the higher grade southern portion of the resource ahead of preliminary metallurgical studies.

Russian rail option opens up for Aspire coal

Aspire Mining’s proposed railway line in Mongolia is firming up as the Russian and Chinese Government’s recognize the strategic value of Mongolia as a transport hub. Aspire is now evaluating a dual transportation option for its Mongolian coking coal after Russia and Mongolia signed off on a long-awaited agreement for transporting goods. Under the deal, coal exports will receive a 66% discount on the Russian rail system.

Altech secures new finance stream for HPA plant

Altech Chemicals has potentially overcome some CAPEX hurdles for the construction and development of its HPA plant in Malaysia, executing a non-binding stream financing term sheet with a US-based global investment group for USD$60m. With USD$190m already committed by the German Government-owned KfW IPEX-Bank and a term sheet for mezzanine debt from a global merchant bank for USD$90m, it is unlikely that Altech will need to raise much equity to kick -off project.

Coolgardie Minerals looks to early cashflows

Coolgardie Minerals will look to create an early cash machine from the Bullabulling Gold Project near Coolgardie to fund its exploration program on a number of other exciting prospects that it will take to IPO in July. The Neil Warburton-chaired company is targeting the Bullabulling shear zone that already hosts millions of ounces in the region.



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.