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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Southern Gold tables cracking silver assays in Korea

Southern Gold has reported some cracking high grade silver assays from underground sampling at its Shin Adit mine, part of the newly granted Deokon project tenements in Korea. Systematic sampling of underground drives produced results up to 0.4 metres grading 9.26g/t gold and 1,165g/t silver. The results effectively produce walk-up drill targets for the company at Deokon to be tested shortly with a diamond drilling program.

Kairos piles on the gold hits in the Pilbara

Kairos Minerals drilling has extended the strike length of the main Mt York deposit to over 3.8km, raising the likelihood that another resource upgrade might be on the cards for the Pilbara gold project. Some notable high grade intercepts include 3m @ 8.54g/t gold from 56m, 1m @ 15.93g/t gold from 57m and 8m @ 4.77g/t gold.

Image signs on second mineral sands off-take partner

Image Resources has de-risked the sale of heavy mineral sands from its Boonanarring project just 80km north of Perth with the execution of a second binding offtake agreement with China’s Hainan Wensheng High-Tech Materials. The agreement complements Image’s existing agreement with Natfort as both offtake partners have agreed to take up the other’s share of production in the event that one is unable to do so.

Northern Minerals updates Browns Range resources

Northern Minerals has re-estimated its mineral resources for the 2018 financial year, reporting just over 9 million tonnes grading 0.63% total rare earth oxides, which includes an ore reserve of 3.3 million tonnes grading 0.68% TREO containing more than 13 tonnes of sought-after dysprosium oxide. The company is currently proving up new discoveries of high grade rare earth element mineralisation at the Dazzler and Iceman prospects.

Volt gets nod from Tanzanian Gov for graphite license

Volt Resources says the Tanzanian Ministry of Minerals has recommended approving two mining licences over the company’s Bunyu graphite project in the south of the country. The licences strategically cover the footprint for both the proposed Stage 1 and Stage 2 mine developments at the project. The company has been advancing offtake agreements for its product stream and recently completed a positive feasibility for the Stage 1 development.

Bosnian beast growing for Adriatic

Adriatic Metals has reported more fantastic drilling intersections from its Rupice multi-mineral ore system in central Bosnia. New drilling results include an impressive 28m intersection going 10.8% zinc, 5.9% lead, 271g/t silver, 3.4g/t gold, 0.5% copper and 61% barite from 236m down-hole. The new hit effectively extends the mineralisation by a further 140m down-dip at the northern end of the deposit, adding more resource tonnes.

Spectacular copper/gold rock chips for Hammer in Qld

Hammer Metals has nailed its latest rock chip program with an exciting suite of super-high grade rock chips at its Perentie project in Mt Isa over a 5km strike. Best results include 31% copper, 19g/t gold and 240g/t silver. The trend runs parallel to the Paddy B-Judith-Copper Ridge trend, where additional mineralised zones discovered by the company’s sampling activity have taken the strike length up to 5.5km.

Azumah sitting on 2.5 million ounces in Ghana

Azumah Resources has produced an updated mineral resource estimate of 49.2 million tonnes grading 1.6g/t gold for just under 2.5 million ounces at its Wa project in northwest Ghana. This represents a sizeable 21% increase on the previous global resource inventory reported 2 years ago. The measured and indicated resource categories have lifted by 16%, which will help underpin potential ore reserve upgrades for the project later this year.

88 Energy tops up North Slope acreage

ASX listed 88 Energy has reached two agreements to increase its Project Icewine acreage in the famed “North Slope” oil province in Alaska by 45,239 net acres. The new western leases are partly covered by several prospects in its current conventional farm-out package whilst the Central Fairway leases are prospective for both conventional and unconventional plays and close to the road and pipeline.

Neometals appoints ex Rio and BHP talent to board

Neometals has appointed two new non-executive directors with wide ranging experience to strengthen its board ahead of the proposed demerger of the Barrambie titanium-vanadium project and associated non-lithium technology assets into a new ASX-listed entity. Dr Jennifer Purdie is the CEO of Adani Australia Renewables while Leslie Guthrie was most recently Vice President Projects (Potash in Canada) for BHP Billiton.

MGC to sell cannabis cosmetics arm

MGC Pharmaceuticals will focus on its cannabis-based pharmaceutical products after reaching a deal to sell its cannabis cosmetics division, MGC Derma, to Canadian private cannabis investment company CannaGlobal for CAD$12.5m in scrip. CannaGlobal will also commit to an exclusive five-year supply agreement for MGC to supply it with raw materials and proprietary production intellectual for the period.

Venus kicks off massive sulphide hunt in WA

Venus Metals has completed a heli-borne electromagnetic survey at its Greenbushes East base metals project in WA, with preliminary interpretations outlining several conductive features which are coincident with historical zinc and copper surface geochemical anomalies. Interestingly, the project is just 20km from Venture Minerals’ recent massive sulphide discovery at Thor. Venus is now planning follow up field geological reconnaissance once final results of the geophysical survey are known.

Window opening for Emu in Chile

Precious metals explorer Emu NL has outlined its proposed program for the upcoming field season at the Vidalita project in northern Chile. The company will undertake a comprehensive campaign of shallow aircore drilling at its Vidalita, Peon 4, Vidalota D and Jotahues areas and will target higher grade gold and silver mineralisation with diamond drilling at the main Vidalita project. Field teams will be on-site in early November.

Sky and Space signs MoU with Caribbean organisation

Sky and Space Global has signed a binding MoU with inter-governmental organisation OECS for the provision of network services to the eastern Caribbean region. The two parties will explore how the company’s connectivity platform can be incorporated into the communication infrastructure of OECS member states, to improve and enhance its reliability, accessibility and feasibility.

Calidus hits 10m @ 12.8g/t gold in Pilbara

Calidus Resources has intersected wide zones of high grade gold at its Copenhagen prospect, just west of the flagship Klondyke resource in the Pilbara. The best result was an impressive 10m intersection going 12.85g/t gold from 117m down-hole, including 4 metres at nearly an ounce to the tonne. The company has three drill rigs operating at its Warrawoona gold project, targeting ore extensions both down-dip and along strike.

Rods are turning at Eureka

Tyranna Resources has kicked off a highly anticipated drilling campaign aimed at bringing the historical mineral resource at its Eureka gold project near Kalgoorlie up to JORC-compliant standards. The company will then make a decision about kicking off a feasibility study to evaluate the opportunity of mining and toll treating the ore at nearby processing mills.

TNG locks in German titanium technology

ASX listed TNG Ltd has signed a binding heads of agreement with industry-leading German technology provider Ti-Cons for the supply of a full titanium dioxide pigment production technology package for its Mount Peake vanadium-titanium-iron project in the NT. The deal paves the way for the company to commercialise its TiO2 pigment production process that it successfully developed earlier this year.

More spectacular gold hits for Bellevue

Bellevue Gold has continued its dream run at the company’s namesake gold project near Leinster with a spectacular 10m drill intersection grading almost an ounce to the tonne gold. The company recently added a further drill rig on site to speed up the definition of the Viago lode and it is working on an updated mineral resource due later this year, which should reflect the latest exceptional results.

Lithium Australia eyes new jurisdictions for pilot plant

Location and scale are two areas that Lithium Australia is studying for its planned, large-scale lithium processing pilot plant to reduce capital requirements and optimise the technical and financial benefits. The company said that with changes to the Australian Federal Government’s R&D rebate scheme, it would locate its pilot plant in a jurisdiction that will provide the greatest practical benefits.

Artemis hits multiple minerals at depth in Pilbara

Artemis Resources’ drill campaign at Carlow Castle has uncovered the potential for more mineralisation at depth with a notable intersection of 25m @ 3.38g/t gold, 0.24% cobalt and 0.77% copper from 228m including 5m @ 9.62g/t gold, 0.65% cobalt and 0.79% copper. Further extensional and infill drilling is planned to target further strike extensions and define the major controlling structures.

Galena adds $134m in value at Abra

Galena Mining has reported some outstanding results for its Abra lead/silver project PFS, showing an initial 14 year mine life and a pre-tax NPV of A$528m, $134m more than previously thought. Galena says Abra will churn out an impressive A$97m worth of free cash annually after 2022. The company also reported a maiden ore reserve of 10.2 million tonnes grading 8.1% lead and 20g/t silver this week.

Azumah scrubs up Ghanaian gold show

Azumah Resources has reported that a review of the cost structure at the company’s Wa gold project in Ghana shows lower capital and operating costs compared to its 2015 feasibility study. The work shows higher plant throughput could be achieved, potentially positioning the project for future development. Recent exploration activity has defined a number of new drilling opportunities at Wa East, which has seen little or no historical work.

Indians to plough $10m into TNG

ASX-listed vanadium player TNG Limited has taken another step towards development of its vanadium-titanium-iron project in the Northern Territory, securing a $10 million strategic investment deal with a leading Indian mining conglomerate. TNG sees the deal with Vimson, a family-owned Indian resources company, as another milestone on its move towards making its flagship 100 percent-owned Mount Peake Project a reality.

Strike historic gas well coming along nicely

With the bulk de-watering phase now complete, Strike Energy is carefully managing drawdown at its historic Jaws-1 super-deep coal seam gas well in SA with gas flows expected to start soon. it’s a case of softly softly for Strike who is methodically seeking to prove its theory that coal seam gas can in fact be accessed economically from over 2km down hole.

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.



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.