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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. 

Email : matt@birneycorporate.com.au

Tel : 0419217090

Troy adds $145m worth of gold to Karouni gold mine resource estimate

Recent drilling at Troy Resources’ Karouni gold mine in Guyana, South America, has increased the gold resource to more than 1.1 million ounces. In their latest annual statement of resources and ore reserves, Troy revealed a 48,000 ounce increase in ore reserves and an 83,400 ounce boost to inferred resources, adding around AUD$145m to the in-situ value of the resource.

Stargroup reports maiden profit after massive turnaround

ATM machine operator and EFTPOS supplier Stargroup, has reported a massive leap in its full-year profit following a standout year of growth. The company, which offers ATMs and EFTPOS terminals to retail outlets, on Wednesday reported its first ever net profit after tax for the year ended June 30 of $767,802. The result represents a giant turnaround on last year’s loss of nearly $2.9m 

Nano-Satellites have potential to produce $500m in annualised revenues for Sky and Space Global

ASX listed Sky and Space Global say they have validated their technical offering, revealing that their first wholesale customer has secured commerical contracts to sell some of the company's cutting edge nano-satellite bandwidth. The UK-registerd satellite company says the new deals underpin teh company's view that it could generate around US$500 milion per year at full tilt. 

Northern Minerals clears the decks to focus on Rare Earths

When it rains it pours or so it seems for Rare Earths player Northern Minerals who banked $2.8m from Chinese interests a few weeks ago with another $27m to come. This week the George Bauk led company banked another $1.25m from the sale of their Northern Territory gold leases to Northern Star Resources with another $1.5m potentially still to come. 

Stargroup signs major EFTPOS terminal distribution deal in Australia and New Zealand

Stargroup has inked a deal with a Swedish EFTPOS terminal supplier to exclusively distribute their “next generation” EFTPOS terminals in Australia and NZ. The deal provides a number of market advantages for Stargroup in the EFTPOS space, including the ability to access the software "source code" for each terminal, potentially opening up a swag of opportunities for the company. 

Troy Karouni mine set to shine in FY17

Despite a few minor technical setbacks during FY16, Troy Resources’ new Karouni Mine in Guyana in South America remains a highly profitable operation with C1 cash costs reported at just US$515 per ounce. All in sustaining costs came in at just US$816 an ounce and the company is predicting that could drop to as low as US$750 an ounce in FY17. 

McGregor to strengthen Stargroup board

Stargroup has appointed Evan McGregor to its board as the company reported a record July with ATM transactions lifting by 12 % and annualised gross revenues on track to reach nearly $7m on an annualized basis. McGregor has previously served with listed companies such as Asia Infrastructure, Entertainment World, Zeolite Australia, Media Entertainment Group and London Securities. 

Lithium neighbours strike deal at Pilgangoora

Getting along with your neighbours is always good policy, especially in the mining game when you have common tenements sitting on the same ore body. Pilbara Minerals and Altura Mining have led the way at Pilgangoora in the north west of W.A with a new agreement to share infrastructure and support each others tenure. 

Troy’s Karouni mine back on track in South America

Troy Resources have overcome early mill problems at their new Karouni gold mine in Guyana, South America and made a series of improvements to boost production rates. The Perth-based gold miner also reported a swag of encouraging drilling, suggesting there is still plenty of upside in the Karouni resource.

Medical Marijuana company achieves milestone on path to full commercialization

MGC Pharmaceuticals has taken the next step towards launching its potentially breakthrough range of cannabis based skincare products next year after Recent microbiology testing in Slovenia showed “no adverse reactions” to MGC cannabis products that treat psoriasis, acne and seborrhoea ailments. The company says it is on track for a full skin care line roll out in 2017. 

Pilbara Minerals more than doubles lithium reserves

Pilbara Minerals have more than doubled their ore reserves at Pilgangoora in WA, paving the way for the world’s biggest lithium project to get even bigger. A 136% increase in reserves has more than doubled the life of the planned mine to 35 years and prompted studies to double output after mining begins in late 2017.

Sipa raises $4.2 million after overwhelming investor response

Sipa Resources have more than doubled the anticipated cap on their share purchase plan to $4.2 million after a flood of applications from bullish shareholders. The rush coincides with the start of a maiden drilling program at the Paterson North project, which is on strike from the ground generating so much good news for Antipa and its JV partner Rio Tinto.

Neometals' Lithium Resource set to jump by 50% says Euroz

Well-known Perth broker Euroz is predicting a 50% increase in the lithium resource at Neometals’ Mt Marion project near Coolgardie. The prediction, which is based on recent spectacular drill results at the project, would take the Mt Marion resource from 60m tonnes to 90m tonnes, placing it right up there with some of the largest hard rock deposits in the world. 

Blackham shares run again on high-grade intercepts in Wiluna

There seems to be no end in sight to the run on Blackham Resources’ share price that started in September last year at 15c and touched $1.15 today on the back of more, classic Blackham, super high grade drill hits at the Matilda Gold project – the project that just keeps on giving.  Results out today include 6.0m @ 26.4 g/t gold, including 1.8 metres at a whopping 83.3 g/t, and 15.6 metres at 7.51 g/t.

Blackham surges as first gold pour imminent

Blackham Resources shares have surged again with news that the first gold pour at the 100,000+ ounce-a-year Matilda gold project in Wiluna W.A is just weeks away. The first gold bar at Matilda will mark the first major milestone in Blackham’s remarkable revival of the largely mothballed project in Wiluna. Shares in Blackham surged 4.5c to $1.02 on the news. 

Legend back at Rockford with high-tech EM Surveys

Legend Mining have wasted no time getting back into the field for a series of moving loop electromagnetic survey’s at their Rockford project in the Fraser Range, home to the giant Nova-Bollinger nickel deposit. They recently completed a round of exploratory drilling at Rockford which the company says has greatly assisted it to better understand the geology at the Fraser Range.

$11.3 million windfall dividend for Neometals shareholders

Cashed up Neometals is returning $11.3 million to shareholders even before production begins at Mt Marion in the December quarter. The savvy junior held $74 million in cash at 30 June and is distributing to shareholders some of the rewards of its great deal making. This is the second time in a year that Neometals have announced a dividend before production has even started. 

MGC Pharmaceuticals banks half a million from sale of legacy mining assets

Medical cannabis company MGC Pharmaceuticals has agreed to sell two African-based exploration permits and related data for $500,000 in cash. The legacy mining assets no longer form part of the company's core business focus as it finalises the transition away from mineral exploration as Erin Resources and into a leading edge medical marijuana company. 

Neometals to again upgrade Lithium resource after drill program completes

New drill results suggest that Neometal’s world-class Mt Marion Lithium Project near Coolgardie is set for even further growth in its total resource and that's in addition to the recently announced 160% increase. Neometals, who today announced the conclusion of their 147 hole drilling program at Mt Marion currently hold a 13.8% free carried stake in the project.

Stargroup’s strategic stake in ATM supplier also pays dividends

ATM business Stargroup looks set to give its balance sheet a boost by again revaluing its stake in South Korean ATM manufacturer NeoICP after the ATM manufacturer and Stargroup supplier posted a bumper result for the 2016 financial year. Stargroup holds an 11.28% strategic stake in private Korean company NeoICP and will shortly receive a $60 000 dividend cheque.

Dog cancer specialist to provide hope for terminal dogs with Pharmaust drug

ASX listed biotech company PharmAust today announced that a leading veterinary specialist would conduct more canine trials with its promising anti-cancer drug "MP"L. NSW-based dog cancer specialist, Dr Angela Frimberger, will evaluate MPL either as a monotherapy or in conjunction with chemotherapy in dogs that have not responded to standard cancer treatments.

Stargroup posts record July and sets new industry benchmark

Financial payments upstart Stargroup, today reported record monthly ATM transactions from its Australia wide ATM machine network for July and predicted its 11thconsecutive quarter of revenue growth. Revenues from the ATM business in July were well in excess of $500,000, more than the company’s entire revenue for FY15 with an annualized rate of $6.7 million.

Hammer and Newmont to kick off drill search for next Ernest Henry style copper-gold deposit in QLD

The highly anticipated drill testing of Hammer Metals' promising Overlander prospect near Mt Isa in Queensland will kick off next month with drill hole positions now determined. Hammer metals, with giant JV partner Newmont, will target a repetition of the famed 220m tonne Ernest Henry iron oxide copper-gold deposit east of Mt Isa. 

Legend Mining makes $3.5m trading Independence Group shares

Legend Mining today partly realized a profit of $3.46m after selling Independence Gold shares it bought on market back in 2012. The sale provided a healthy kick for the Fraser Range explorer’s share price and a boost to its cash reserves to $8.5 million. In total, Legend has received $5,332,162 worth of cash and script for its $1.87m investment in the then Sirius Resources.

Pharmaust undertakes innovative IP swap with University of NSW

ASX listed cancer drug hopeful Pharmaust have secured additional IP rights to their highly promising anti-cancer drug Monepantel by partially trading off rights to another project under their control. Under the new deal, Pharmaust will receive the remainder of the IP rights to Monepantel that were never transferred to them by the University of NSW.

Australian incontinence device achieves Chinese patent

Analytica have patented their unique medical device in one of the worlds most populous markets. The People’s Republic of China recently granted Analytica’s patent application for the company’s “Peri-Coach" pelvic floor force sensing device. The Peri-Coach can eliminate urinary incontinence, a condition afflicting nearly 230m Chinese women according to the company. 

Resource Capital Funds backs Hammer Metals for $1.75m

Well known mining focused private equity firm Resource Capital Funds has taken a plunge at ASX junior Hammer Metals with its latest $2b mining fund. RCF has taken a $1.75m placement in Hammer Metals at 7c a share representing the lion’s share of the company’s latest $2.25m capital raise. The funds will be spent on Hammer's100% owned Mt Isa copper gold project. 

Analytica banks $500k from Virgin Islands investor

Medical device company Analytica has attracted further interest from Virgin Islands based investment fund INOV8 who will stump up $500k at .007c a share to take their second placement in the company. INOV8 have tripled their $500k plunge at Analytica back in March when they successfully picked the bottom of the company’s share price graph at just .00255c a share.

Shark Mitigation Systems appoints surf industry specialist

In a sign that ASX listed Shark Mitigation Systems are getting serious about taking their unique shark deterring wetsuits to market, surf wear industry specialist Simon O’Sullivan has been appointed as General Manager of the company. O’Sullivan was most recently the Australian Chief Operating Officer of well known surf brand Rusty with responsibility for the Australian operations.  

Blackham makes leap from explorer to miner in Wiluna

With the gold price at record highs, Blackham Resources appear to have timed their transition from explorer to miner exquisitely. After a couple of years of excellent exploration success, the Bryan Dixon led Matilda Gold Project in Wiluna W.A is once again a mining operation. It is expected to churn out $300m in free cash over the next ten years and thats just the warm up period. 

Analytica locks down patent in USA for unique medical device

Analytica have achieved patent protection in the world’s biggest medical device market for their unique “AutoStart Burette” medical device after receiving advice from the US Patent and Trademarks office that their patent had been granted and will be operable until the 17th January 2031. A "burette" is the little chamber that is inserted into a medical drip to administer medicine. 

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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.

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.

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.

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.