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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Image ramping up WA mineral sands production

Image Resources has completed wet commissioning of its flagship Boonanarring heavy mineral sands project just 80km north of Perth and the company has started to ramp up production. Management has set an aggressive schedule aimed at achieving the feasibility study target processing rate of 500 dry tonnes of ore per hour in just six months.

Affinity secures Maltese medical cannabis licence

Affinity Energy and Health is now one of just a handful of companies that have received approval to establish a medicinal cannabis cultivation and manufacturing facility in Malta. The company plans to use its proven RotoGro technology used in Canada to develop a facility capable of producing 3000 kilograms of cannabis bud per annum once all expansions are completed.

TNG secures access for Mount Peake

TNG Ltd has locked down haul road and borefield/water access at its rapidly advancing Mount Peake vanadium-titanium-iron project in the NT, just weeks after securing the key mineral leases. With these major milestones ticked off, the company will now focus on securing project financing.

Northern Minerals sets rare earth exploration targets

Northern Minerals has generated exploration targets for its Dazzler and Iceman heavy rare earth prospects, located near its operating Browns Range mine in the Kimberley region of WA. The company recently discovered wide, rare earth mineralisation, rich in dysprosium at the deposits and is completing maiden mineral resource estimates for both. Management said the valuable high grade deposits could materially impact the longevity of its Browns Range operation.

PharmAust’s cancer drug aces lab test

PharmAust has confirmed that its flagship anti-cancer drug, Monepantel, produced using the recently determined “GMP” process, continues to demonstrate the drug’s expected ability to kill cancer cells while having little or no impact on non-cancerous cells. Further pre-clinical molecular pathway targeting studies will now be carried out to improve the company’s understanding of how the drug kills cancer cells.

Artemis secures $5.4m in funding for Pilbara projects

Artemis Resources has secured a $5.4m funding package from a UK-based institutional group to underpin development activities at its Carlow Castle project near Karratha and exploration in the emerging Paterson Range area to the east. Funding will be used for resource development activities and metallurgical test work at the Carlow Castle gold-copper-cobalt project and to initiate regional geophysical surveys at the company’s prospective Paterson Range Armada prospect.

Emu kicks off exploration field season in Chile

Precious metals explorer Emu NL has commenced its exploratory field program at the Vidalita project in northern Chile with a comprehensive campaign of shallow aircore drilling planned for its Peon 4, Vidalota D and Jotahues areas. The campaign will also target higher grade gold mineralisation at its main Vidalita project, vectoring towards a prospective fault zone it has interpreted from existing drilling data.

Lithium Australia to apply technology in Europe

Lithium Australia is looking to use its proven technologies that can turn lithium mica mineralised waste into lithium-ion battery cathode powders at its Sadisdorf project in Germany and for similar resources elsewhere in Europe. The company will now include its proprietary technologies, such as its SiLeach process for extracting lithium phosphate from micas, into the scoping study for Salisdorf.

7% nickel hit for St George near Leonora

St George Mining has hit a 5.25m drill intersection going 6.95% nickel, 2.67% copper and 0.23% cobalt from 185m down-hole at its Investigators prospect near Leonora in WA. Another impressive 6.39m long intersection in a separate hole showed 6.48% nickel, 2.77% copper and 0.21% cobalt from 184.42m down-hole. The impressive results from massive sulphide intercepts continue to expand the footprint of mineralisation at the prospect.

Myanmar turns waste into riches with drill bit

Myanmar Metals’ drill campaign at its Bawdwin base metals project in Myanmar, has intersected high grade mineralisation of up to 45m @ 6.7% lead, 5.6% zinc and 113g/t silver from 76m down-hole in an area previously considered to be waste. The results could significantly add to the Bawdwin resource estimates and the economics of the China Pit pre-feasibility study, both of which are expected in early 2019.

12 gram gold hit for Tyranna/Alliance at Weednanna

Tyranna Resources’ partner Alliance Resources has returned some impressive high-grade intersections including a long 20m intersection going 12.44g/t gold from the Weednanna gold prospect within the Wilcherry JV project in South Australia. More RC drilling will take place in December to upgrade resources in the eastern optimised pit area from the inferred to indicated confidence level.

Billion dollar plus NPV for Infinity lithium project

Infinity Lithium says its proposed AUD$395m Spanish lithium project could potentially churn out AUD$172m a year before tax in annual operating free cash flows for at least 24 years. The lovely set of numbers were contained in the company’s lower level scoping study announced to the market this week that details the preliminary economics of building a lithium hydroxide plant along side its lithium mine.

Strike bid for UIL goes unconditional

Strike Energy’s all-scrip takeover offer for Perth Basin oil and gas company UIL Energy is now unconditional after it received acceptances for about 56% of UIL’s shares on issue. Strike will now appoint its directors Andrew Seaton and Stuart Nicholls to the board of UIL while all of UIL’s directors save for Stephen Bizzell will step down.

Anglo defines gold corridor near Kambalda

Anglo Australian Resources has defined a mineralised gold zone over 2.5km long and up to 250m wide at its Mandilla project located near Kambalda in WA. The company is now on the hunt for the bedrock source of the mineralisation, which it believes lies at the sheared geological contact between a granite and a sedimentary sequence that will undergo future deep drill testing, according to Anglo.

CVCheck eyes positive cash flow this quarter

ASX listed resume verification company, CVCheck, looks set to turn cashflow positive this quarter after a sustained focus on growing its more lucrative business to business market and an assault on costs has starting to pay off. The company’s revenues have grown $5m in two years from $7.1m in FY2016 to $12.5m in FY2018 whilst customer acquisition costs and cash burn has steadily decreased.

46m multi-commodity drill hit for Adriatic in Bosnia

If it wasn’t Adriatic Metals, a 46m long drill intersection boasting at least 4 different high-grade minerals would ordinarily have the West Perth investment glitterati spitting their coffee across the table at Black Toms. But such is the quality of the results of Adriatic’s ongoing drill campaign that the bar has been set very high indeed for this rapidly advancing $54m market cap ASX listed exploration company.

Vonex tests game changing conferencing app

Vonex is progressing beta testing of its game changing “Oper8tor” conferencing app which allows users of multiple voice communication platforms such as Skype or Whatsapp to talk to each other regardless of which platform each user subscribes to. Vonex says it has successfully facilitated over 1000 conference calls using the app and it has now opened the beta testing of Oper8tor Conference via web browser to the general public.

Sky and Space signs telco distribution deal

Sky and Space Global has signed a landmark distribution agreement with Pan-American satellite tele-communications consortium, Globalsat Group, for the provision of connectivity services using its nano-satellites. Revenues from this contract will flow immediately upon successful completion of in-orbit testing of the first batch of Sky and Space nano-satellites that are expected to be blasted into space around mid 2019.

Image on the verge of 1st mineral sands revenues

Image Resources is starting to transport its zircon-rich heavy mineral sands concentrate from the Boonanarring project north of Perth to port storage in Bunbury, barely a month after starting wet commissioning of the mine plant. First revenues could kick in before the end of the year with the first bulk shipment of the zircon-rich HMC scheduled to depart in December.

Middle Island drill ready at Sandstone

Middle Island Resources is keeping the momentum going at its Sandstone gold project in WA with a slew of holes to be drilled at greenfield targets during the first half of 2019. The program is aimed at identifying and quantifying additional open pit deposits of sufficient scale and grade to facilitate a recommissioning of the historic gold operation.

Pilbara metallurgy looking good for Artemis

Artemis Resources has completed preliminary metallurgical test work on ore composites from its Carlow Castle gold-copper-cobalt project located near Karratha in WA, saying that the materials are amenable to gravity recovery of gold and conventional base metal flotation ore processing. Up to 82% of the copper content reported to concentrates, whilst up to 75% of the gold was recovered via combined gravity concentration methods and flotation tests.

Caravel triples copper grade in Wheatbelt

Caravel Minerals very large, lowish grade copper play in the Wheatbelt just got interesting after the ASX listed company this week tabled a set of drill results that show grades up to three times that of the existing global resource. New results include 6m @ 1.03% copper from 108m within a broader zone of 20m @ 0.5% copper from 94m and 18m @ 0.8% copper from 102m.

Shallow gold hits for Anglo Australian near Kalgoorlie

Anglo Australian has outlined a suite of shallow new drilling intersections from several prospects at its Feysville gold project located near Kalgoorlie. At Think Big, results included 28m @ 2.43g/t gold from 35m down-hole, whilst exploratory drilling at Saintly doubled the strike length of that mineralisation. A new gold discovery was also located at Hyperno, with 13m @ 1.05g/t gold returned from 25m down-hole in regional aircore drilling.

Coolgardie Minerals targets more Geko gold

Coolgardie Minerals has kicked off a near-mine exploration drilling program at its operating Geko gold mine near Coolgardie in WA, with the aim of extending mineral resources beyond the limits of the existing open pit. The work will target areas east and west of the open pit at depth and also along strike west of a high-grade supergene oxide pod of gold mineralisation noted from earlier grade control drilling.

Southern Gold charts gold/silver target for Korean mine

Southern Gold has used 3D modelling of mapped and sampled quartz veining at its Kochang underground mine in South Korea, to generate an exploration target of between 500,000 and 700,000 tonnes with a grade range between 5 and 7g/t gold and 27 - 35g/t silver. The company’s JV partner, Bluebird Ventures, is finalising its feasibility report on the reopening of the historical mine.

Artemis gets box seat in new massive Pilbara discovery

Artemis Resources will undertake a high resolution, low level, airborne magnetic survey targeting gold-copper mineralisation at its Armada prospect located near the Telfer mine in the eastern Pilbara region of WA. The 600 square kilometre tenement holding is effectively surrounded by Greatland Gold’s Havieron project where recent diamond drilling returned an amazing intersection of 275 metres grading 4.77g/t gold and 0.61% copper from 459m down-hole.

Australian Potash harvests first potassium rich salts

Australian Potash has harvested 11 tonnes of potassium rich salts in its first harvest pond at the Lake Wells sulphate of potash project in the Goldfields region of WA. Once the third and final evaporation step is completed, a blend of salts from all three harvest ponds will be processed to a refined a sulphate of potash product at the company’s pilot processing plant.

Lithium Australia makes batteries from mine waste

Lithium Australia has hit a major milestone with the successful production of lithium ion battery cathode powders and lithium ion batteries using lithium phosphate produced directly from mine waste courtesy of its proprietary “SiLeach” process. The company managed to bypass the need to produce high-purity lithium hydroxide or carbonate, which could significantly reduce the cost of battery manufacturing.

TNG granted Mount Peake mineral leases

TNG Ltd has hit a major milestone at its Mount Peake vanadium-titanium-iron project in the Northern Territory with the grant of four mineral leases over the development. This adds to the recent signing of the Native Title Agreements and binding term sheet for titanium offtake, providing the company with the security of tenure it needs to seek project financing.

Lithium Australia recovers more than 90% lithium

Lithium Australia’s second generation SiLeach pilot plant trial at ANSTO Minerals’ facility in New South Wales has successfully produced a product containing between 90% and 95% lithium phosphate. A sample of the product is now being tested at Lithium Australia’s 100%-owned subsidiary VSPC Ltd, with a view to producing and testing lithium ion batteries made from this material.

BlackEarth hunting for graphite drill targets in Africa

BlackEarth Minerals has commenced a regional exploration program at its Maniry and Ianapera projects in Madagascar. The company is undertaking close spaced trenching and sampling work to determine future high grade drilling targets. The company will also table its scoping study for the Razafy project in December and is preparing a maiden mineral resource estimate for the Haja prospect located 2km south of Maniry project.



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.