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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PharmAust to bank $700k from Feds

ASX-listed PharmAust’s innovative biotechnology work via its wholly owned subsidiaries Epichem and Pitney Pharmaceuticals has been recognised by the Australian Tax Office with the company receiving more than $700,000 in a research and development tax rebate. The funds will be used to advance its clinical trial programs in dogs and humans with the company now on a fast tracked pathway to prove up the cancer fighting abilities of its “re-purposed” Monepantel drug.

Horizon nails Kalgoorlie infill drill program with 21g/t gold

Horizon Minerals isn’t leaving anything to chance after getting its hands on MacPhersons Resources’ Boorara Gold project just east of Kalgoorlie post its merger with MacPhersons. The ASX listed company is headlong into an infill drilling campaign at Boorara ahead of the expected commencement of mining in the June quarter with drill spacings now down to a minimum of just 4m x 10m – and the numbers haven’t disappointed.

Lithium Australia progresses phosphate extraction patents

ASX-listed Lithium Australia has taken a major step forward in its mission to obtain patents for the recovery of lithium phosphate from lithium bearing silicates and solutions after the International Bureau of the World Intellectual Property Organisation published two of the company’s patent applications. It is the fourth step on the road to the granting of the patents, which can take some time to achieve.

Buru pulls $3.5 million in revenue for black gold

Canning Basin focussed hydrocarbon explorer and producer, Buru Energy, has reported $3.5 million in revenues from its flagship Ungani oilfield near Broome in WA. Buru is sitting on 5.5 million acres of development and exploration permits in the Canning and it is already turning out about 1,400 barrels of oil per day at its flagship oilfield.

King River identifies remarkable new gold zone

King River Resources has received all assay results following a drilling campaign at its Mt Remarkable project in WA. A new mineralised zone 150 metres east of the main Trudi deposit with notable gold grades up to 2.42 grams per tonne has been identified. The best result to date from the Trudi Main vein is 6 meters grading 5.95 grams per tonne gold from a shallow depth of just 20 meters downhole.

Northern Minerals hits copper near Kununurra

ASX-listed rare earth’s producer, Northern Minerals, looks to be potentially onto something in the East Kimberly with some solid results from rock chip sampling, grading up to 2.92% copper at its John Galt Project, located 200 kilometres south of Kununurra in WA. The rock chip sampling program covered an area of 2 kilometres by 500 metres with half of all samples returning high copper grades of 1% or greater.

Australian Potash hits Lake Wells Gold project milestone

ASX-listed Australian Potash has hit a major milestone at its Lake Wells gold project in WA, with the Perth-based company announcing the completion by St Barbara, of its expenditure commitments under the first earn-in stage of a joint venture between the two companies. St Barbara will now proceed to the second earn-in stage which requires a further $3.5 million spend.

Image hits 2019 mineral sands sales and production targets

ASX-listed mineral sands miner, Image Resources, has capped a successful first year of operations at its zircon-rich, Boonanarring mineral sands mine in WA, with the company reporting that it has easily met its 2019 production and sales targets and is now upwardly revising its heavy mineral concentrate production estimates for 2020. Image’s commissioning of its mineral sands mine in WA was almost text book perfect last year, coming in on time and on budget with no major setbacks.

Podium kicks off PGM resource update near Cue

Podium Minerals has just revealed a suite of base metal results to add to its impressive platinum, palladium plus gold intercepts at its Parks Reef project, near Cue in WA. With mineralised strike extending up to 15 kilometres, the latest results have provided a shot in the arm for Podium’s impending resource update. The latest encouraging assays include include 11 meters grading 3.13 grams per tonne platinum, palladium plus gold and 0.26% copper from just 20m downhole.

PharmAust/Epichem extends contract with disease research centre

ASX listed biotech, PharmAust, has been awarded a one-year extension to its contract with not for profit organization, the Drugs for Neglected Diseases Initiative, which commemorates the 12th-year of association between the two parties. Under the contract, which is expected to bring in $1.24m in revenue, PharmAust’s subsidiary, Epichem, will provide synthetic and medicinal chemistry services focused on developing new treatments for neglected diseases.

K2Fly doubles year on year quarterly sales

ASX-listed tech company, K2fly, has more than doubled its accounts tally for the December 2019 financial quarter compared to the same quarter last year, with a record $1.67 million worth of invoices raised. Importantly, the crucial “annual recurring revenue” metric which is pretty much the closest thing to an annuity income stream that generally underpins software companies, was up 40% year on year for K2fly.

MGC unveils new “Mercury Pharma” medicinal cannabis brand

Medicinal cannabis player, MGC Pharmaceuticals, has unveiled a new medicinal cannabis-based line for Australian and New Zealand markets to be called “Mercury Pharma” with its first product, Mercury Pharma 100, a prescription-only 100mg/mL cannabidiol product. The company has received purchase orders for over 2,000 product units already, which will see revenues of around $270,000 realised.

Horizon looking to produce gold by year-end

Horizon Minerals’ Boorara gold project east of Kalgoorlie is nearing its moment of truth as the aspiring developer aims to commence production on three ‘starter’ pits later this year. A major grade control drilling program has recently been completed that will underpin an updated suite of mine optimisations and designs at the project. The geological model to follow from the drilling will provide a significant amount of confidence and potential grade upside.

Lithium Australia signs deal to take cathode tech to market

Lithium Australia, through one of its wholly-owned subsidiaries, VSPC, has signed a potentially lucrative agreement with major Chinese chemical manufacturer, Beijing Saideli Technology, that will see the Perth based company progress the commercialisation of its battery cathode technology. The plan is to hit the downstream lithium-ion supply chain, collaborating on an international scale to commercialise VSPC’s cathode technology.

Ardiden doubles size of Canadian gold play

Ardiden Limited has more than doubled the size of its Canadian exploration play by sweeping up a swathe of new claims, forming a contiguous ground package over a very prospective greenstone belt that historically produced some three million ounces of gold. The claims, known as the New Patricia gold prospect, now gives the ASX-listed explorer a dominant ground position spanning over 90 kilometres across the Pickle Lake gold camp.

McGlue to advise Alterra

Alterra has appointed John McGlue to its advisory board as it gears up to enter the potentially lucrative agricultural sector with an initial focus on the avocado market. McGlue brings over 30 years of experience in corporate communications and financial markets to Alterra and he is the founder and Principal of corporate advisory firm, Castle Gates Australia. Alterra provides a co-investment model as a potential vehicle for farmers to diversify their conventional bank funding models.

DFS imminent for massive AVZ lithium play

Africa-focused lithium developer, AVZ Minerals appears on track to deliver its definitive feasibility study in the first few months of 2020 at its massive Manono lithium and tin project in the Democratic Republic of the Congo. Phase two metallurgical test work continues to deliver encouraging results in support of the ongoing DFS. Testing previously generated a spodumene concentrate that exceeds 6% lithium oxide and the company says that phase two met results are lining up well.

Peace breaks out at Anglo as independents take the helm

Metallurgist and mining executive, Marc Ducler, has taken the helm at Anglo Australian Resources whilst experienced mining lawman, Leigh Warnick, has been appointed Chairman. John Jones, Peter Stern and David Varcoe will remain on the board as part of a pre-Xmas peace deal that saw the warring parties place their batton’s back in their knapsacks and appoint the largely independent team of Ducler and Warnick to spearhead the company.

Rox/Venus make spectacular gold drill hit at Youanmi

It’s raining gold for Rox Resources and Venus Metals at their Youanmi South project after the partners made a spectacular 14m drill intersection going an ounce to the tonne gold from just 1m deep. The new drill hit also included 5m grading 77.03g/t gold and 3m grading an exceptional 123.66g/t gold. Youanmi has been the gift that keeps on giving this year for multiple parties.

Davyhurst gifts Xmas ounces for Ora Banda

The Davyhurst gold project has gifted Ora Banda Mining a grab bag of impressive drill results for Xmas with the first being a stunning 19-metre intersection grading 24.5 grams per tonne gold from 63 metres downhole. The new intersection includes a 6.4-metre zone grading well over 2 ounces to the tonne at 71.6 g/t. Davyhurst looks well set to ride again under a reconstituted Ora Banda Mining.

Lithium Australia ships 1st batch of recycled battery metals

Lithium Australia and partner, Envirostream Australia, look like getting into cashflow after shipping their first batch of recycled lithium, cobalt, nickel and graphite that was extracted from old lithium-ion batteries that otherwise would have been sent to landfill. Lithium Australia know owns 84% of Envirostream and is aiming to get to 90 per cent in time.

Hammer nails first-pass drilling at Bronzewing South

Hammer Metals has ploughed in 123 first-pass aircore holes at its Bronzewing South gold project and the company appears to have hit on what looks to be something quite interesting. Hammer recently reported composited sample assays from across Target 1 and it has since split the samples down to one-metre intervals. Best numbers include 14 metres at 1.80 g/t gold from 12 metres including 3 metres at 5.57 g/t.

Troy restarts gold mine with $15m funding package

Troy Resources has re-stocked its financial armoury with a placement raising $4 million and an $11 million loan facility supporting the restart of operations at its Karouni gold mine that went onto care and maintenance in October after a fatality on site. Since then, exploration has outlined a new style of mineralisation near the Hicks 1 pit with an impressive 17m hit grading 5 ounces to the tonne gold.

Successful year for Great Southern at Cox’s Find

A strategic drilling expenditure increase by Great Southern Mining at it’s under-explored Cox’s Find gold project in WA has paid off in spades with ounce plus hits regularly spinning up out of the depths this year pointing to a potential deep continuation of the lodes well below the old historical mine workings. The company has also been awarded $150,000 from the Western Australian Government’s Exploration Incentive Scheme.

Middle Island secures heavyweight investor for Sandstone gold project

Existing Middle Island Resources shareholders and renowned mining investor, Stephen Copulos, have corner-stoned a $2.35 million capital raise that will see the aspiring gold miner turbocharge its WA Sandstone project. The company will now look to substantially boost its mineral resources, which already houses a mothballed mill that could be prodded back into life if a solid mineral reserve can be eeked out.

Vonex Oper8tor APP set to disrupt internet telco market

Vonex is in the final stages of the development of its new technology that looks set to disrupt the internet-based telecommunications market. The company is looking to launch its new “Oper8tor” APP that will provide a singular platform for seamless communications between multiple different messaging, video, voice and conferencing online platforms. There are currently 3.26 billion users worldwide accessing over 100 different social media sites.

Min Res sneaks up Norwest register to 19.9%

Mining heavyweight, Mineral Resources, is now lurking purposefully at 19.9% on the Norwest Energy share register after the JV partners upped their theoretical chances of hitting paydirt at the Perth Basin, Lockyer Deep-1 onshore gas prospect in the Perth Basin from 29% to 38%. Mineral Resources, which already has an 80% interest in Lockyer Deep-1, will need to launch a takeover bid to secure any more significant lines of Norwest stock.

AMA lines up $200m revenue pipeline via acquisitions

AMA Group remains on track to produce some serious cash flows during the next couple of years on the back of its strategic acquisition strategy which includes its recent $440 million purchase of the Capital S.M.A.R.T panel repair business and ACM Parts. The company expects its three recent acquisitions, Smash Care, Diplocks and All Transport (trucks) to bolster its EBITDA line by $2.5m.

Grade boost caps off a great year for Image Resources

Image Resources has added another dimension to its zircon-rich Boonanarring mineral sands mine in WA after it significantly boosted the heavy minerals grade at the project, capping off an uber-successful year for the Perth miner. Recent work has seen the grade jump from 7.2% to 8.9% and the company also increased both the project’s zircon content from 22.7% to 27.5% and its in-situ zircon grade from 1.6% to 2.4%.

Buru looking well oiled for a productive new year

Canning Basin focussed hydrocarbon producer and explorer, Buru Energy, has a number of balls in the air for next year as it seeks to develop its range of gas and liquid hydrocarbon plays in the Canning Basin. Buru is sitting on 5.5 million acres of development and exploration permits and it is already turning out 1,400 barrels of oil per day at its flagship Ungani oilfield near Broome.

Horizon/Northern Star complete asset swap

Horizon Minerals and mega gold miner, Northern Star Resources, have put the final ink on an agreement for a straight swap of mining and exploration tenements, which will strengthen Horizon’s gold project holdings near Kalgoorlie and Coolgardie in the WA Goldfields region. Horizon will secure three gold projects near Coolgardie and four projects near Kalgoorlie, including Golden Ridge which has produced over 253,000 ounces of gold.



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.

Novo has nearly 90% gold recoveries in the Pilbara

Pilbara conglomerate gold theorist, Novo Resources, has generated encouraging gold recoveries of up to nearly 90% from ore sorting trials at its Comet Well project located near Karratha in WA. The trials produced ore grades up to 792.4g/t in sorted gold concentrates and additional work will now be undertaken at smaller crush sizes and on oxidised ore samples to optimise gold recoveries even further.

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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.