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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Anglo to revisit old haunt at Kalgoorlie

Anglo Australian Resources has gone back to the future to squeeze more ounces out of a gold prospect near Kalgoorlie that netted it a tidy sum of gold back in 2006 and 2007. The company has kicked off a 70 hole drill campaign to revisit the Mandilla project where it previously identified a near-surface weathered bedrock target with a strike of more than 1.5km.

Gubong gold mine advances for Southern Gold in Korea

Southern Gold’s JV partner in South Korea, Bluebird Merchant Ventures, is set to increase its pre-development activities at the historical Gubong gold mine over the next few months, including all necessary approvals and the granting of a “permit to develop” the underground operation. Progress is also reported for the Kochang JV, with Bluebird due to report on the feasibility of re-starting that underground mine in late October.

Venus to vend Doolgunna out to AIC Resources

Venus Metals has executed a farm-in and JV agreement with AIC Resources, for that company to earn an 80% interest in 5 exploration tenements within Venus’ Doolgunna project near the Plutonic gold mine in WA. The deal requires AIC to spend $175,000 over a 2 year period. The tenements are prospective for volcanic-hosted massive sulphide mineralisation similar to the nearby DeGrussa copper mine and shear-hosted gold deposits such as Plutonic.

Tyranna kicks off resource drilling at SA gold play

Tyranna Resources has started its resource development infill drilling program at the Jumbuck gold project, located west of BHP’s Olympic Dam mine, in the highly prospective Western Gawler Craton in SA. The project has existing mineral resources of 8.7 million tonnes @ 1.1g/t gold for 319,000 ounces. The program will target the Campfire Bore prospect to upgrade the JORC status of the deposit’s inferred mineral inventory totalling 109,000 ounces.

Kalia gathering data in Bouganville

Kalia Limited has announced that a detailed geophysical survey is well underway at its Mt Tore JV tenements on Bougainville Island in the PNG. The highly anticipated exploration program across its porphyry copper-gold assets is ramping up with geological reconnaissance and geochemical sampling underway in the Aita area. The company’s active engagement of local communities is bearing fruit now, with a number of areas already approved for on-ground exploration activities.

Vonex making in-roads post listing

Versatile ASX listed telco Vonex’s recent trial marketing campaign in south-eastern Queensland to increase brand awareness and gather market intelligence has resulted in a 114% increase in daily average Vonex website and a spike in converted sales. The company’s major marketing push in October will target areas where the NBN is available but not connected yet, or construction is complete and the area is becoming available.

Geopacific onto high grade gold in PNG

Geopacific Resources has improved its understanding of the mineralisation controls at the Great Northern prospect at its Woodlark gold project in Papua New Guinea after making a number of gold hits including a top intercept of 21.77g/t gold. Follow-up drilling will be carried out to further define the mineralisation and move it towards the resource category.

2% nickel hit for St George near Leonora

St George Mining has confirmed that mineralisation at its Investigators nickel-copper prospect near Leonora in W.A becomes thicker in the down dip direction after intersecting 8.4m @ 2% nickel, 0.96% copper, 0.06% cobalt and 2.59g/t total PGE from 199m. Further step-out drilling is underway while down-hole electromagnetic surveys are being run near one of the very strong conductors.

Greenland Minerals set to trim Kvanefjeld costs

Greenland Minerals and Energy is completing an optimisation program at its Kvanefjeld rare earths project in southern Greenland that will simplify project construction, minimise civil earth works and reduce associated capital costs. Recent onsite engineering studies by a multi-disciplinary team of engineers are expected to reduce the amount of construction effort required for the civil construction, port and plant sites.

Mineral sands miner gets gold hit

Mineral sands miner Image Resources has unearthed anomalous, shallow gold intersections during its first-pass drill program at the Erayinia prospect, located east of Kalgoorlie. The best result was 20m @ 0.7g/t gold from 40m down-hole, including 4m @ 1.2g/t gold from 48m and 4m @ 1g/t gold from 56m. The company will conduct a larger program of aircore drilling now to test 7km of prospective strike extensions.

Novo locks in two Pilbara gold deals in a week

Celebrated conglomerate gold specialist Novo Resources will acquire two strategic gold projects 80km south of Port Hedland. The company will fund exploration for two years to farm into Pioneer Resources’ Kangan gold project to earn a 70% interest for a consideration of $600,000 in cash and scrip. Novo will also acquire 4 key tenements from a private company in the area for cash and shares totalling A$8m.

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 reports 96% gold recoveries near Leonora

Terrain Minerals has reported excellent metallurgical gold recoveries averaging over 96% from ore composites of its oxidised, transitional and fresh ores at the Great Western project, near Leonora in W.A. The results imply that a conventional milling and processing route is likely to be suitable for the company’s future ore production. Terrain also submitted works proposals for exploratory drilling at its Wild-viper project that surrounds Great Western.

225 ounces of nuggets and counting for Artemis

Artemis Resources has recovered 225 ounces of gold nuggets to date from its ongoing conglomerate gold exploration play at the 47K Patch and Purdy’s Reward discoveries, just south of Karratha, in the western Pilbara region of W.A. The company is working with CSIRO and is currently completing a geophysical survey over 47K Patch. Bulk sampling will be carried out once all data is consolidated, integrated and processed.

Sky and Space develops new mini-satellite software

Sky and Space Global has developed new network management and data compression software for its 200 telecommunications “nano-satellites” that are set to be blasted into space in 2019. The company is also developing an autonomous management system and fuel optimisation software that together will allow the nano-satellite constellation to be operated autonomously.

Myanmar aims for early cash flow at Bawdwin base metal play

Myanmar Metals has completed its scoping study for the Bawdwin base metal project in central Myanmar, saying that it will redevelop the historical mine, starting with a low cost, low strip ratio cutback of the high grade China Lode over a 13-year initial mine life, which will accelerate its cash flow position. The milestone precedes a PFS due in early 2019, along with a maiden ore reserve estimate.

Potash players look to team up for cost savings

Australian Potash and Salt Lake Potash have signed a memorandum of understanding and cooperation agreement to study the potential cost savings from sharing infrastructure at their respective Lake Wells projects in the Goldfields region of W.A. The joint study will initially focus on joint infrastructure developments and will also study the potential for cost sharing on common evaporation and salt processing facilities.

Lithium Australia to hook into Chinese battery market

Lithium Australia will send samples of its lithium iron phosphate cathode powders produced from its VSPC plant in Brisbane to Chinese battery manufacturers for testing. The company has already completed a number of pilot-plant production runs and is seeking confirmation of the high capacity of its battery cathode material from the lucrative Chinese lithium battery manufacturing market.

BlackEarth kicks off regional graphite hunt in Africa

Having just banked a maiden resource estimate at its Razafy graphite project, BlackEarth Minerals has now commenced a regional exploration program at its Maniry and Ianapera projects in Madagascar. The company is planning close spaced trenching and sampling work to outline future high grade drilling targets and is now looking to also table its scoping study for Razafy and a resource estimate for the Haja prospect later in the year.

Sandstone shaping up as major vanadium play for Surefire

Surefire Resources has confirmed thick, high grade, vanadium rich magnetite mineralisation in three separate ore horizons from a drill program at its Unaly Hill project near Sandstone. The best result was 50.8m grading a very respectable 0.55% vanadium pentoxide from 298m down-hole, which included 9m @ 0.89% vanadium oxide from 306m. Ore composites will now undergo comprehensive testing to determine the characteristics of the upgraded concentrates.

Kairos in Pilbara nugget find

Kairos Minerals has identified a new conglomerate gold target at its Croydon Project in the Pilbara region of W.A after stumbling across a bonanza gold nugget patch just weeks after starting its conglomerate exploration program. Additional mapping, stream sediment sampling and metal detecting is currently underway in earnest now whilst diamond drilling will determine the overall dimensions of the find.

Australian Potash lands Lake Wells mining leases

ASX listed Australian Potash has been granted the mining leases it requires to develop and operate the Lake Wells sulphate of potash project that is located 180km northeast of Laverton in the Goldfields region of W.A. The company’s field work over the next quarter will include its geotechnical program and additional work required for a reserve estimate. It plans to report the results of its DFS in 2019.

Terrain gets a sniff in hunt for Midwest base metals

Terrain Minerals has unearthed some encouraging base metals and gold results from its maiden drill program at the Red Mulga project, near Geraldton. A highly anomalous result of 5m grading 0.15% nickel and 0.35% chromium from 33m down-hole was returned from a mafic schist in the south of the project and elevated levels of copper to 0.74% and zinc and gold were also located in rocks to the north.

17m cobalt strike for Artemis near Karratha

Artemis Resources has reported exceptional high grade cobalt results and solid gold and copper numbers, from a drill campaign at its Carlow Castle project near Karratha in W.A. Results include a new cobalt zone at the Quod Est prospect that produced 17m @ 0.61% cobalt, 1.86g/t gold and 0.05% copper from 88m down-hole. The company also outlined high-grade ore intercepts from infill drilling at the nearby prospect areas.

Venus/Lepidico proving up Sandstone lithium

Venus Metals’ farm in partner Lepidico has intersected multiple zones of lithium-rich mineralisation whilst drilling at the company’s Youanmi project tenements in the Murchison region of W.A. Lepidico reported intersections up to 9m thick of lepidolite mica from the recently completed drill campaign and it has secured an option to earn up to 80% of the lithium rights on an exploration licence located 20km from Venus’ Youanmi gold operation.

Lithium Australia locks down 100% of German project

Lithium Australia is now the sole owner of the Sadisdorf lithium project in far east Germany where recent drilling returned very wide intersections of lithium after the transfer of project licences was approved by the Upper Mining Authority of Saxony. The company is currently progressing a scoping study for the project that is based on using its “SiLeach” technology to unlock the project’s potential.

Metalicity banks first payment from zinc spin-off

Metalicity has received the first payment of CAD$500,000 for the sale of its West Australian zinc projects after Canadian spin-off Kimberley Mining successfully completed the first tranche of its CAD$2m seed capital raising. The company will also receive CAD$20m worth of Kimberley shares and a CAD$4m payment on successful completion of Kimberley’s IPO in the December quarter this year.

Northern Minerals makes new rare earths discovery

Northern Minerals has discovered new, thick, rare earth mineralisation, rich in the sought-after element dysprosium. The find come courtesy of a drilling campaign on its Dazzler and Iceman prospects, 15km south of the company’s operating Brown Range mine, in the southern Kimberley region of W.A. Best results came from Dazzler, which returned 18 metres grading 9.1% total rare earth element oxide, incorporating a significant 0.86% dysprosium oxide content.

Lead-silver zone grows by 150m for Galena

Galena Mining’s resource extension drilling of the “apron zone” at its Abra lead-silver project near Meekatharra continues to extend the known mineralisation, with results of 16.2m @ 9.2% lead and 44g/t silver from 373m down-hole, including 4.5m @ 15.1% lead and 44g/t silver from 384.7m. The current campaign is proving up mineral resources that will be incorporated into the company’s PFS, due for release later this quarter.

11 ounces to the tonne gold for King River in Kimberley

King River Copper has reported another outstanding gold drill result from a narrow, but ultra-high grade vein at its Mt Remarkable gold project near Kununurra in W.A. The intersection of 6m @ 60g/t gold from 24m down-hole, included an exceptional, 0.3m @ 354g/t gold from just 24.7m. Additionally, the company said that scoping study results for its separate Speewah vanadium and fluorite projects will be reported by month’s end.

Pharmaust anti-cancer drug gets independent nod

Researchers at the Olivia Newton-John Cancer Research Institute in Melbourne have independently confirmed the ability of Pharmaust’s anti-cancer drug, Monepantel, to impact cancer cells. This includes other previously untested human melanoma cancer cell lines. The research also found that the drug became progressively more effective over a longer time whilst having minimal impact on two non-cancerous ovarian cell lines.



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.