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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Neometals making strides with battery recycling initiative

Neometals has completed a scoping study for its proposed lithium-ion battery recycling and processing initiative, with results showing encouraging economic outcomes for an initial 10-year plant life. The company will process about 18,000 tonnes of exhausted LIBs per annum and churn out a pre-tax NPV of $308m and IRR of 72%, with a CAPEX cost of $92m and payback in less than two years.

Geophysical surveys check out for St George in WA

St George Mining has delineated five new, high priority exploratory drilling targets for base metal mineralisation along the Cathedrals Belt at its Mt Alexander project located near Leonora in the Goldfields region of WA. The new targets include three virtually unexplored regions at the West End and Bullets prospects and two strong responses located down-dip and along strike of the existing Investigators mineralisation.

High grade gold hits in regional drilling for Calidus

Calidus Resources has generated high-grade gold assays from a regional aircore drilling campaign over conceptual exploratory targets on prospective shear zones at its Warrawoona gold project near Marble Bar, WA. Best results included 12m @ 2.37g/t gold from 52m down-hole and 4m @ 8.87g/t gold from 48m down-hole on the Klondyke-St George shear system, 5km west of the main Klondyke gold deposit.

Testing outlines high quality graphite for BlackEarth

BlackEarth Minerals’ encouraging preliminary test work results have revealed that nearly half of the ore concentrate for its Maniry graphite project reports to the Super Jumbo, Jumbo and Large flake categories at high grades of 96% TGC. The results will now be used in offtake discussions and potential agreements and help broaden funding initiatives and product development for the project.

MGC pockets non-pharmaceutical revenue

MGC Pharmaceuticals has received a purchase order of about $700,000 from the first full bulk order of cannabis-based cosmetic raw materials from private Canadian cannabis investment company CannaGlobal. It has also received a $173,000 payment for the delivery of cannabidiol raw material to lifestyle & medical cannabis product manufacturer Mabsut Life under their multi-year supply agreement.

PharmAust starts tablet production for Phase 2 cancer trials

PharmAust has given US-based manufacturer Catalent the green light to start producing more Good Manufacturing Practice-grade Monepantel tablets for its upcoming Phase 2 anti-cancer clinical trials in dogs. The company plans to start recruiting dogs with B cell lymphoma in August or September this year for the Phase 2 trials, which will initially follow a 28-day treatment regimen.

Brazilian gold project taking shape for Crusader

Crusader Resources is securing funds to facilitate the optimisation and completion of a DFS and BFS for its Borborema gold project in north-eastern Brazil by the end of this year. The company recently divested its Juruena-Novo Astro gold projects for $3m in cash and scrip and is raising up to $4.1m in a rights issue, as it vectors towards the development of its flagship gold project.

Troy strikes high-grade gold in South America

Troy Resources’ infill RC drilling at the Ohio Creek prospect of its Karouni project in Guyana has returned high-grade hits of up to 3m @ 41.7g/t gold from 29m down-hole and indicated a coherent mineralised footprint across a strike length of about 100m and depth of at least 125m. Recent diamond drilling has also confirmed that gold mineralisation may extend to depths of at least 250m.

Volt close to approval for USD$40m note issue

Volt Resources is close to securing approval for a USD$40m note issue on the Dar es Salaam Stock Exchange that will underpin the Stage 1 development of its Bunyu graphite project in Tanzania. The company has also made progress regarding a proposed bond issue on the Stock Exchange of Mauritius and has received strong interest from North America and Asia-based institutions to fund the project.

Ground survey enhances Spectrum’s WA gold play

Spectrum Metals will commence a detailed, ground-based geophysical SAM survey program over the Penny West shear corridor next month, which hosts the high-grade gold mineralisation at its namesake project located near Youanmi, WA. The surveying covers a gap between the recently identified Penny North mineralisation and the Columbia-Magenta targets to the north and will assist in the delineation of geological structures.

WA Gov support for Great Southern cobalt-scandium play

Great Southern Mining has secured up to $150,000 of co-funding support from the WA Government for RC drilling on the various nickel-cobalt-scandium targets at its Mt Weld project near Laverton. This is timely given the ongoing trade war between China and the US that has sent shares in Lynas Corporation, who operates the neighbouring Mt Weld rare earth mine, sky-rocketing more than 80% since late March.

Novo sets down work program for Pilbara gold play

Novo Resources has compiled a mineralisation report for its Karratha gold project in the Pilbara region of WA and outlined future work programs that include comprehensive, bulk sampling of up to 100,000 tonnes across the region. The company will undertake innovative mechanical ore sorting and scanning techniques on the samples addressing the unique, coarse nuggety gold distribution of the Karratha deposits to more accurately predict gold grades.

Strike lines up gas offtake option for WA well

Strike Energy has signed a gas offtake option agreement with major chemical manufacturer CSBP for the supply of up to 100 petajoules of gas from the upcoming West Erregulla-2 well in the Perth Basin, WA. CSBP will pay a $5 million option fee to help fund the cost of drilling the well, which targets up to 1.16 trillion cubic feet of gas in the Kingia High Cliff sands and 7.2 million barrels of oil in the Jurassic Cattamarra Coal Measures.

MGC lands key Australian cannabis cultivation licence

MGC Pharmaceuticals and its research partner RMIT have been awarded a cannabis cultivation research licence from the Australian Office of Drug Control. This allows the partners to advance research on the optimisation of breeding and cultivating processes and the extraction of material to conduct pre-clinical research assessing the efficacy of medical cannabis on prostate, melanoma and other cancer cells.

Tyranna management see off boardroom coup

Tyranna Resources has secured a mandate to progress with its plan to unlock early cash flow from its Eureka gold project near Kalgoorlie after defeating an attempt by major shareholder Central Iron Ore to replace the current management. The early mining opportunity is expected to generate a positive cash flow of about $2.6 million that the company will use to accelerate exploration at the project.

Venus/Rox on gold hunt near Youanmi

Venus Metals and Rox Resources have kicked off a 1200 metre RC drilling program targeting shallow high-grade gold mineralisation at the Currans North and Red White and Blue Middle Workings prospects of their Currans Find JV mining lease south of Youanmi, WA. The partners are also planning to carry out shallow RC drilling at the Taylor’s Reef discovery where recent work uncovered strongly gold-mineralised vein quartz.

Calidus maps out new Pilbara gold target

Calidus Resources’ recent IP survey has identified a strong chargeability anomaly similar to and located immediately to the south of the 1.15 million ounce Klondyke deposit at its Warrawoona gold project in the eastern Pilbara, WA. The company said the new parallel shear highlights the potential for further growth at the project and will be drill tested in the second half of this year.

Mongolia green lights Aspire’s coal reserve estimates

Aspire Mining’s DFS for its high-quality coking coal project has moved forward, with the Mongolian Government endorsing the company’s ore reserves for the Ovoot Early Stage Development project and approval of the Feasibility Study results expected shortly. These milestones enable Aspire to commence the relevant environmental studies, social impact studies and project management plans for the project.

Image signs heavy mineral sales agreements

Image Resources has signed sales agreements for 70,000 tonnes of zircon-rich HMC from its Boonanarring project north of Perth for three bulk shipments with Chinese offtake partner Shantou Natfort Zirconium and Titanium. The company has also received significant interest from other potential buyers for its HMC, which could indicate rising demand for the product in China.

Tyranna eyes early cash flow from Eureka gold project

Tyranna Resources has completed a review of a restart study that confirms the potential to generate $2.6m in positive cash flow through an early mining opportunity at its Eureka gold project near Kalgoorlie. The project is expected to have capital costs of between $600,000 and $700,000 and will mine 60,500 tonnes of ore to produce 4057 ounces of gold at a diluted grade of 2.1g/t over two months.

Coziron in box seat as Palmer/CITIC brawl heats up

Coziron Resources is looking to breathe life back into its unique, high-quality, Ashburton magnetite project, with drilling planned to deliver a maiden JORC compliant resource, just 40km from CITIC’s massive Sino project. The company has identified extensive magnetite deposits at least 6km long and 1km wide at Ashburton, with encouraging analytical work that showed mass yields of magnetic iron content up to 42% and concentrate grades exceeding 67% iron.

88 Energy to farm out Alaskan oil project

88 Energy Alaska-focused 88 Energy is closing in on a potential farm-out of the conventional rights at its Project Icewine in Alaska’s North Slope, with its preferred bidder scheduled to make a final decision in June. Final analysis of the HRZ shale at the same project has indicated that more than half of its large lease holding of about 528,000 acres remains prospective for unconventional oil.

High grade lithium hits roll on for Hawkstone in US

Hawkstone Mining has outlined more high-grade lithium assays from the Big Sandy clay project in the US, including 39m @ 2,015 ppm lithium from 23m down-hole. The company is poised to accelerate its exploration and development activities at the project, following a recent oversubscribed placement for $2.4m, which will facilitate the estimation of a mineral resource and the completion of definitive metallurgical test work programs.

Analyst bullish on Geopacific

Petra Capital has produced a research report comparing the value of recent M&A transactions in the junior gold sector with Perth based, ASX-listed PNG gold explorer and developer, Geopacific Resources. Geopacific is sitting on nearly 1.6 million gold ounces in PNG and has access to a wider goldfield on the Pacific island that looks to be highly prospective for the elusive yellow metal.

Novo revved up for full tilt at Pilbara gold play

Novo Resources has installed a new exploration camp and has awarded an earthmoving contract for its upcoming bulk sampling and processing activities at the emerging Egina gold project located near Port Hedland, WA. The company recently undertook ground surveys and field investigations that outlined potential conglomerate-hosted and alluvial gold sites suitable for the bulk sampling operations.

Lithium Australia broadens reach to vanadium

Lithium Australia has outlined a maiden vanadium mineral resource for a portion of the Youanmi Complex near Sandstone, WA, that it has the option to purchase from Diversity Resources. The inferred resource of 185 million tonnes grading 0.33% vanadium pentoxide is near Venus Metals’ Youanmi vanadium project and was estimated using historical drilling completed by Australian Gold Resources back in 1999.

Neometals revises Barrambie DFS, pivots to titanium

Neometals has released an updated DFS confirming that the production of vanadium pentoxide and ferrovanadium from its Barrambie project near Sandstone, WA, is both technically feasible and economically viable. The company will now focus on a pilot-scale evaluation of hydrometallurgical processing to recover titanium, vanadium and iron products rather than just the vanadium contained within the project’s ores.

More gold targets for Bellevue in WA

Bellevue Gold’s deep hole drilled with the assistance of the WA Government’s exploration incentive scheme at its namesake project near Leinster, WA, has intersected visible gold below the historical Bellevue mine. The company’s own ongoing exploration program also discovered a new Viago look-alike target immediately west of the high-grade Tribune Lode.

Terrain’s trenching program targets high grade gold

Terrain Minerals is gearing up to complete a surface trenching program across a high-grade zone identified on its Wild Viper tenement near Leonora, WA, to follow up a rock chip sample of 4.67g/t gold returned from the 382-shear prospect in March. The exploration target is located just south of the Great Western gold mineral resource and has been interpreted to strike over more than 2.5 kilometres.

Northern defines new rare earth target in WA

Northern Minerals has returned encouraging preliminary rare earth element results from portable XRF assaying completed on infill, extension and exploratory RC drilling samples at the Dazzler and Iceman prospects near its Browns Range operation in the East Kimberley region of WA. The company said the results also outlined a new target area just to the northwest of Iceman that is anomalous in the pathfinder element yttrium.

Lithium Australia turns to refining for batteries

Lithium Australia has produced lithium iron phosphate batteries using lithium phosphate that was refined using a simple process developed in conjunction with the Australian Nuclear Science and Technology Organisation. The company expects batteries produced using the cheap and effective refining process to have significant advantages compared to those produced using lithium carbonate



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.