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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Surefire vanadium tests hit the mark

Surefire Resources has generated high grade magnetic concentrates going up to 1.46% vanadium pentoxide from simple crushing and magnetic separation metallurgical test work on fresh vanadiferous magnetite ore composites from its Unaly Hill project near Sandstone in WA. The company said the testing also successfully rejected most of the waste silica, alumina and calcium content, whilst upgrading the iron and valuable titania content of the ore composite samples.

Novo lays out strategy for new conglomerate gold play

Conglomerate gold developer Novo Resources has outlined an aggressive exploration program for its emerging Egina gold project, located near Port Hedland in the Pilbara region of WA. Over the coming months the company plans to undertake systematic bulk sampling of gold-bearing lag gravels at the project. The company will also complete ground surveying, trench mapping, regional geological mapping and conduct wide-spaced alluvial soil sampling for fine gold occurrences.

Calima locks in rig to test exciting oil and gas ground

Calima Energy has contracted Precision Drilling’s Rig 379 to carry out its three well program in the Montney oil and gas play in British Columbia, Canada with drilling to get underway as soon as December. The first well to be drilled will be a vertical well to provide data and samples for measurement and analysis followed by two horizontal wells that will be fracture stimulated.

Coolgardie Minerals swings into production at Geko

Coolgardie Minerals has swung into production near Coolgardie just a couple of months after listing on the ASX. First ores were extracted at a respectable gold grade of 3.5 grams per tonne from the company’s Geko gold mine. Mined ore will be stockpiled and then sold to Northern Star’s South Kalgoorlie operation at AUD$1650 an ounce where it will be processed.

Aspire proves up viability of Russian rail link

Aspire Mining says that a proposed rail line that will link its Ovoot coking coal project in Mongolia to the proposed Kyzyl - Arts Suuri section of the Russian rail network at the border port of Arts Suuri is viable. The 238.6km rail line will cost USD$581.8m, which is in the range estimated by a scoping study completed in 2015 and comparable to the Erdenet to Ovoot feasibility study.

TNG signs titanium offtake deal

TNG Ltd has made it three for three with the signing of a third term sheet, this time with Switzerland’s DKSH for the titanium dioxide pigment offtake from its Mount Peake vanadium-titanium-iron project in the Northern Territory. The company already has a binding offtake agreement with WOOJIN Metals for at least 60% of the vanadium output and a binding term sheet with Gunvor (Singapore) for iron products.

Vonex turns smartphone into PABX

Vonex has launched its new Vonex Phone app that brings its cloud-based PABX system to the smartphone and computer desktops, allowing users to be connected to their business phone system from anywhere in the world. The company will generate revenue through a range of subscription plans with phone calls paid on a per minute or per call basis or a recurring monthly subscription which includes unlimited phone calls.

Payday for Neometals

After largely writing the book on how to develop a massive mineral project as an ASX listed junior using farm in money from its counterparties, Neometals will no doubt be feeling a quiet sense of satisfaction this week after taking receipt of its first $6.2m dividend cheque from the Mt Marion lithium mine near Coolgardie.

Venus to move lithium assets

Venus Metals has entered into a farm-in agreement with the unlisted Pilgangoora Minerals to vend out a number of its lithium exploration licences in WA. The agreement will fast track exploration for lithium bearing pegmatites on 2 leases located near the large Wodgina mining operation, 2 leases near the operating Pilgangoora lithium mines and 2 leases in the historical Poona mining district near Cue in the Murchison region.

Hammer picks up new copper/gold prospects in Qld

Hammer Metals has purchased two prospective looking exploration permits covering the Sunset and Black Rock copper-gold prospects near Mount Isa in Queensland. The Sunset prospect has returned near-surface historical drill results up to 24 metres grading 1.41% copper and 0.49g/t gold from just 10m down-hole, whilst Black Rock has previously returned wide intersections of lower grade mineralisation, including 78m @ 0.54% copper and 0.13g/t gold from 140m down-hole.

PharmAust maps out GMP drug production process

PharmAust has developed a prototype “good manufacturing practice” method for the large-scale manufacture of its anti-cancer drug, Monepantel and its analogues at an economical cost and to standards required for clinical trials. The method can also be used for molecules in the drug library that PharmAust secured from Nihon Nohyaku in September 2017, which are related to but different from Monepantel.

Artemis locks down new Pilbara drill targets

Artemis Resources has locked in a new set of cobalt and base metal drilling targets across its extensive land holdings near Karratha in WA, with a comprehensive geochemical soil sampling program outlining a number of interesting looking, multi-element anomalies for follow-up exploration activities. The company utilised baseline data from the existing Carlow Castle cobalt-gold-copper project area as a guide to highlight the priority and tenor of the new assay results.

Phylogica makes new drug delivery discovery

ASX listed biotech Phylogica has identified a next generation cell penetrating peptide that is four times more efficient at delivering a large drug cargo inside cell walls than its original biological product. The discovery was made as the company screens and validates its large library of peptides with a view to discovering even more new cell penetrating peptides. Work on this project will continue until February 2019.

Bulk conglomerate gold samples up to 10.4g/t for Novo

Canadian listed gold developer Novo Resources has confirmed the gold potential of two basal conglomerate units defined at its Comet Well JV project near Karratha in WA, with maiden bulk sample assay results outlining grades up to 10.4g/t gold and gravity recoveries of up to 99.6%. The company will now use the bulk sample assays and recent diamond drilling data from Comet Well, to produce a mineralisation report.

Ironbark signs services / equipment deal for Citronen

Ironbark Zinc has signed a memorandum of understanding with industrial machinery company Metso Sweden for the provision of services and equipment at the giant Citronen zinc project in Greenland. The agreement also enables Metso to commence engineering tasks that are required before the completion of detailed engineering of processing equipment, which includes providing technical specifications for third party equipment.

Great Southern confirms anomalous gold/silver in Qld

Great Southern Mining has unearthed rock chip samples up to 1.65g/t gold and 185g/t silver during its first pass geological reconnaissance exploration program at the Edinburgh Park project, located only 25km from the revered Mt Carlton epithermal-style gold mine in northern Queensland. The company has generated a number of high priority structural targets from the campaign and is now planning an RC drilling program to test those areas.

Australian Potash makes first product from Lake Wells

Australian Potash has successfully produced its first salt products from the pilot pond network at the Lake Wells sulphate of potash project, located 180km northeast of Laverton in the Goldfields region of WA. About 20 tonnes of potassium and sulphate bearing salts are expected to be produced from the ponds once the process runs its course. These salts will be further processed to a refined sulphate of potash.

St George has 8.8% nickel intercept near Leonora

St George Mining has outlined a significant 200m plunge extension to its nickel-copper sulphide mineralisation at its enticing Investigators prospect near Leonora in WA. A new drill hole intersection penetrated over 14 metres of massive and disseminated mineralisation from 177.5m down-hole, including an impressive 5.25m true width intercept of massive sulphides grading up to 8.8% nickel and 4.5% copper from 185m down-hole.

Image kicks off wet commissioning of Boonanarring

Image Resources is well on the final stretch towards production at its Boonanarring mineral sands project 80km north of Perth after commencing wet commissioning of the processing facility. The company is on track to start producing mineral sands concentrate in the current quarter, receiving its first revenue in January 2019 and becoming cash flow positive by the end of the first quarter of 2019.

Fortescue embraces Aurora 3D printing

Aurora Labs has signed a partnership agreement with Fortescue Metals Group to explore the potential of its trailblazing 3D printing technology with a view to reducing production and operational costs in the mining and resources sector. Aurora’s ability to essentially “print” replacement mechanical parts quickly and accurately using its proprietary 3D printers could reduce costs and lead times normally required to procure specialist parts.

Infinity lists on Frankfurt, Stuttgart stock exchanges

Infinity Lithium’s listing on the Frankfurt and Stuttgart stock exchanges will increase its exposure to European investors ahead of its upcoming feasibility study for a fully integrated mining operation and lithium carbonate processing facility at its San Jose project in western Spain. The company has also appointed lithium industry expert Vincent Ledoux-Pedailles to lead its European corporate strategy.

Strike raises $13m for West Erregulla drilling

Strike Energy is now fully funded to drill the West Erregulla-2 well in the Perth Basin and complete pilot production activities for the Jaws-1 deep coal seam gas wells after raising $13m through a share placement. The share placement also fulfils the capital raising requirement for the recommended takeover offer for UIL Energy, which will increase Strike’s exposure to the Perth Basin.

Vonex signs up new channel partners to drive growth

ASX listed upstart telco Vonex has signed on 12 new channel partners in the first quarter of the 2019 financial year as part of its ongoing efforts to accelerate business growth. The company has already signed up 6 new partners in the current quarter and is well on track to secure at least 100 new channel partners in the current financial year.

88 Energy upgrades North Slope oil potential

Recently processed 3D seismic data has led 88 Energy to increase its gross mean prospective resource at the Project Icewine in Alaska’s North Slope by almost 1.15 billion barrels to 2.89 billion barrels of oil. It has also allowed the company to predict where the best reservoir quality is likely to be in both the Schrader and deeper Torok sequences. The company still expects to farm-out the conventional acreage before the end of 2018.

Calidus formalises conglomerate gold deal with Pacton

Calidus Resources has executed a definitive agreement with TSX-V listed Pacton Gold Inc, to vend its non-core conglomerate gold rights at the Warrawoona gold project for 7 million Pacton shares. Calidus will retain all other gold rights to the ground. The deal covers 8 exploration licences and allows Pacton to explore and mine for conglomerate gold, with liability for rehabilitation and environmental obligations, whilst Calidus retains title to the tenements.

Legend Mining gets base metal sniff in Fraser Range

Legend Mining has reported intriguing anomalous zinc, gold and sulphur assay results from its new Shackleton discovery, located in the revered Fraser Range region of WA. The company believes the new results bear all the geochemical fingerprints of a volcanic-hosted massive sulphide style of base metal mineralisation. The find is located only 7km northeast of the Independence Group’s Andromeda “VHMS” copper-zinc, gold and silver discovery, revealed earlier this year.

Bellevue hits magical million ounce milestone

Bellevue Gold has doubled the global inferred resource at its namesake project northwest of Leinster in the Goldfields of WA to 2.6Mt @ 12.3g/t for 1.04 million ounces of contained gold. This is due to its reporting a maiden resource of 800,000t at an impressive grade of 22g/t gold, or 550,000 ounces of contained gold. There is potential for further upside as Viago remains open in all directions.

Galena Mining to divest non-core assets

Base metal developer Galena Mining has taken the prudent step of separating its non-core exploration assets into a new entity, Metal Range Limited, so it can fully focus on developing the flagship Abra project in WA into construction during 2019. The new company will pick up the Woodlands complex, Manganese Ridge and Quartzite Well exploration prospects, which are variously mineralised with lead, zinc, copper, silver, gold and manganese.

Strike has Perth Basin in sights with UIL takeover bid

Strike Energy has launched a $16.1m all-scrip takeover offer for fellow oil and gas company UIL Energy to increase its exposure to the Perth Basin in Western Australia. This will increase the company’s acreage in the Perth Basin to over 3000 square kilometres. Strike is planning to drill a well to test the West Erregulla prospect, which is adjacent to the Waitsia gas field, in the first quarter of 2019.

Significant drop in CAPEX for Greenland at Kvanefjeld

Rare earth element developer Greenland Minerals has flagged a substantial reduction in the capital costs for civil earth works at its huge Kvanefjeld rare earth element project located on the southern tip of Greenland. An engineering review has optimised the process plant and site infrastructure ground footprint at the proposed mine, reducing the volume of material disturbance by 80% from previous estimates.

Sky and Space starts construction of nano-satellites

Sky and Space Global has started construction of its nano-satellites after a key design review by Nasdaq listed contractor GomSpace, found that all technical components of the design met the required standard to proceed. The company said the first batch of the mini satellites is on track for launch in 2019 with successive launches in the following quarters until the entire constellation of about 200 satellites is in orbit during 2020.



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.