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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Geopacific jumps last hurdle in PNG

Geopacific Resources is free to advance the financing stage for the construction of its Woodlark gold project in PNG, after concluding its independent due diligence technical work programs and reporting, which showed no “fatal flaws” to its development. The review was commissioned by a group of potential lenders for the project, who have signed non-binding term sheets to finance operational start-up.

Recycled reagents generate lithium salts for Infinity

Infinity Lithium has hit a milestone with the successful production of lithium hydroxide using recycled reagents, a feat that the company said proves the viability of its processing flowsheet for the San José project in Spain. The company now expects to finalise the capital and operating costs within the next week, which will lead to the completion and release of the project’s pre-feasibility study.

Coziron locks in $3m for WA magnetite exploration

Coziron Resources is gearing up to start a 12,500m infill and extensional drilling campaign at its exciting Ashburton magnetite iron project in the west Pilbara, WA, after receiving firm commitments for a $3 million placement. The program is aimed at facilitating the development of a maiden JORC-compliant mineral resource estimate extending over about 1.5 kilometres of strike.

Alaskan porphyry copper target checks out for PolarX

PolarX has delineated large chargeable anomalies using data from a recent geophysical survey and commenced diamond drilling at the Saturn porphyry copper-gold target within its Alaska Range project in the US. The company said that the data returned from Saturn is consistent with porphyry copper exploration models worldwide and shows potential prospectivity for disseminated sulphides and a quartz-veined stockwork ore system.

Blackstone intersects wide nickel zones in Vietnam

Blackstone Minerals’ targeting appears spot on with its maiden drilling program at the Ta Khoa nickel project in northern Vietnam intersecting substantial disseminated nickel sulphide mineralisation. The first three holes at the Ban Phuc prospect returned wide intervals including 45.5m @ 1.2% nickel from 56.5m down-hole, 17.8m @ 1% nickel from 106.6m and 22m @ 0.8% nickel from 138m respectively.

Hot Chili kicks off new drilling at Cortadera

Hot Chili has commenced a second phase of diamond drilling aimed at expanding the prospective, higher-grade zone of the Cuerpo 3 porphyry copper-gold ore system within its Cortadera project in central Chile. The company said results from the first phase had exceeded expectations and re-shaped its view of the potential size and grade of the Cortadera discovery.

Anglo poised to accelerate Mandilla gold exploration

Anglo Australian Resources is set to ramp up exploration of its Mandilla gold project south of Kalgoorlie, Western Australia, after securing commitments for a $1.4 million share placement priced at 6.5 cents. Proceeds from the placement will also be used for further infill drilling and ongoing feasibility study work for the company’s flagship Feysville gold project also near Kalgoorlie.

88 Energy secures bidder for Alaskan oil farmout

88 Energy and partner Burgundy Xploration have signed an exclusivity agreement with the preferred bidder for the farmout of the conventional rights for their project known as “Project Icewine” in Alaska’s North Slope oil province. The bidder will pay USD$500,000 for initial agreed costs relating to the 2020 drilling program to secure exclusivity over the rights to 31 August 2019.

Bellevue nails high grade gold below old mine workings

Bellevue Gold has discovered high-grade gold mineralisation below the historical Bellevue underground mine workings near Leinster, WA, with a peak result of 2.2m @ 27.8g/t gold from 656m down-hole. The new Deacon lode is located between 500m and 750m from the surface, over about 1km of strike, with mineralisation hosted in the same altered rocks as the mine and gold associated with sulphide minerals.

Neometals scores high-grade nickel at Mt Edwards

ASX-listed Neometals has intersected massive nickel sulphides at its Mt Edwards project in the Goldfields region of Western Australia with drilling returning a cracking intersection of 4m @ 6.3% nickel within a broader 11m @ 2.6% nickel from 108m down-hole at the Zabel prospect. Drilling at the Lake Eaton tenement also showed elevated nickel grades along strike of Mincor Resources’ high‐grade Cassini nickel deposits.

Big River raising $1.5m for Brazilian exploration push

Brazil-focused gold explorer, Big River Gold, has received firm commitments from institutional and sophisticated investors for a $1.5 million share placement for exploration and evaluation of existing tenements adjacent to its flagship Borborema project. Proceeds from the placement will also be used for pre-construction activities to accelerate the development of the Borborema project.

Venus/Rox hit two ounces per tonne gold near Youanmi

Venus Metals and Rox Resources have extended high-grade gold mineralisation at the Currans Find North prospect near Youanmi, WA, with drilling returning a top intersection of 1m @ 57.2g/t gold from 110m down-hole. The results extend high‐grade gold mineralisation at depth and demonstrate the potential for the discovery “blind” high‐grade gold lodes along strike and down‐plunge from known mineralisation.

$47m cash flow from Azumah underground gold play

Azumah Resources has completed a high-level scoping study indicating that its Bepkong underground deposit at the Wa gold project in north-western Ghana, could produce 154,000 ounces of gold and generate a cash flow of $47m over 4.5 years. In July, the company delivered a maiden underground resource of 2.4Mt @ 3.59g/t gold for 279,700 ounces at the Bepkong deposit, doubling the previous mineral resource inventory.

Buru strikes oil in the Canning Basin

Buru Energy has encountered good to excellent shows while drilling through the primary objective Reeves Formation at its highly-prospective Adoxa-1 conventional oil exploration well in the Canning Basin, Western Australia. Live oil shows were observed at the surface and the well also intersected oil shows in cuttings samples of interpreted good quality sands at 970m and 1,565m measured depth.

Lithium Australia hits 3% lithium oxide at Youanmi

Lithium Australia’s maiden reverse circulation drilling program at its Youanmi project near Sandstone in WA’s Murchison region is off to a flying start with initial assays returning a peak result of 1m @ 3.07% lithium oxide. Drilling has extended the extent of known lithium-bearing pegmatites at the project and has so far confirmed mineralisation over 1,200m of strike, which remains open down-dip and along strike.

Met work checks out at AVZ’s African lithium play

AVZ Minerals’ metallurgical test work programs for its Manono lithium-tin project in the DRC, have delivered encouraging results in line with other global lithium-mineralised pegmatite ores and support its ongoing DFS. Testing has generated similar rock characteristics and strengths to other spodumene-bearing ore deposits and heavy liquid separation produced a high-grade concentrate at 6.2% lithium oxide, with a 66% concentrate recovery.

Australian Potash pencils 23% SOP resource upgrade

Australian Potash has cranked up the JORC mineral resource of its Lake Wells sulphate of potash, or “SOP”, project near Laverton, WA, by 23% to 18.1 million tonnes of drainable SOP. This resource is entirely within the measured category, which gives the company a high degree of confidence that it can support its initial planned 150,000 tonne per annum project for a long, sustained period.

King River pegs more copper/gold ground in NT

King River Resources has increased its footprint in the Northern Territory’s Tennant Creek copper-gold belt with the application for two prospective new exploration licences. One of the licence applications contains the same geological formation hosting the Tennant Creek and Rover goldfields, while the other covers the historical Kurundi open pit and underground mine where rock sampling returned over 5g/t gold and up to 9.7% copper.

Novo exploration illuminates Egina gold potential

Novo Resources is vectoring towards a prospective region located southeast of historical workings and trenches at its Egina gold project near Port Hedland, WA, after delineating a 600m wide region of gravel that contains plentiful gold nuggets. The company identified the patch during a ground-penetrating radar survey in May, which outlined a valley floor containing the sought-after gold-bearing gravel horizons.

Chinese takeover of Nzuri in its final lap

Nzuri Copper’s takeover by Chinese industrial player, Chengtun Mining Group, is entering its final stages with shareholders set to vote on the AUD$109.5 million all-cash takeover offer in mid-August. The company’s Kalongwe copper-cobalt project within the Central African Copperbelt in the far south of the Democratic Republic of the Congo is expected to play a key role in Chengtun’s copper-cobalt expansion plans in the country.

Rox/Venus kick off Youanmi gold drilling program

Rox Resources and Venus Metals have commenced a 14,000 metre reverse circulation drilling program aimed at newly developed high-grade targets and extensions to known mineralisation at their Youanmi gold project. The Commonwealth prospect, where historical drilling posted a top intersection of 18m @ 12.9g/t gold from 39m down-hole, crowns the joint venture’s hit list.

Strike scores bonus gas discovery in Perth Basin

Strike Energy has confirmed that it has made a significant conventional gas discovery in the Wagina sandstone of its multi-target West Erregulla-2 well in the Perth Basin, Western Australia. Notably, the well has yet to intersect the secondary target Basal Wagina sandstone and will now be finished before drilling resumes towards its total planned depth of 5,200m to intersect the Basal Wagina and primary target Kingia-High Cliff sands.

Queensland mining veteran pumps $1.2m into Venus

Multi-commodity explorer Venus Metals has received a vote of confidence from Queensland multi-millionaire and veteran coal miner, Christopher Wallin, who injected $1.2 million into the company through a placement of shares priced at 20 cents each. The investment gives Mr Wallin, one of Australia’s top 50 richest people, a substantial 5.03% stake in the company.

Greenland Minerals raises $7m for Kvanefjeld work

Greenland Minerals has raised $7m through a heavily oversubscribed share placement to fund ongoing technical development of its giant Kvanefjeld rare earth project in southern Greenland. Proceeds from the placement will also be used to complete the project permitting and advance commercial development. The company recently lodged its application for a mining licence over the Kvanefjeld project.

Anglo uncovers high grade gold zones near Kalgoorlie

Anglo Australian Resources has intersected encouraging, high-grade gold intersections at its Mandilla East and Mandilla South prospects, part of the Mandilla gold project located 75km south of Kalgoorlie, WA. At Mandilla East, multiple intercepts were returned beneath an existing supergene zone, including 2.7m @ 46.1g/t gold from 123.3m down-hole, which incorporated a metre intersection grading 122.3g/t gold from 124.3m.

Australian Potash’s SOP ore reserve imminent

Australian Potash has flagged that it will soon upgrade mineral resources and define a maiden ore reserve at its Lake Wells sulphate of potash project near Laverton, WA, following the milestone completion of final field programs. The programs were carried out in support of the company’s ongoing definitive feasibility study, for which final documentation is currently underway.

Vonex revenue hits new record

Vonex has marked another quarter of sales growth with revenue rising 11.4% year-on-year to $2.35m for the quarter ended 30 June 2019 due to its success in penetrating the Australian market for telco services to small and medium enterprises. The company is also in the final stages of testing its Oper8tor app, which enables users of multiple communication platforms to communicate with each other.

Ore sorting initiative to double Northern’s mill grade

Northern Minerals is ramping up the development of its Browns Range heavy rare earths project near Halls Creek, WA, by purchasing an ore sorting module to upgrade mill feed, potentially doubling the ore grade and reducing operating costs. The company recently obtained commitments for a $30 million placement split into three roughly equal tranches, the first of which totalled $11.9m and was received last week.

Golden frontier opens up for King River in WA

King River Resources has started reconnaissance geological exploration field programs and rock chip sampling over several newly granted exploration licences that lie along strike from its Mt Remarkable gold project near Kununurra, WA. The field work has already unearthed new occurrences of quartz-feldspar veining, similar to the very high-grade Trudi Vein system located at Mt Remarkable.

Lithium Australia firms up Chinese battery partnership

Lithium Australia has firmed up its alliance with Chinese battery manufacturer DLG Battery with the formation of a joint marketing division that will provide a range of lithium-ion batteries, or “LIBs”, with a focus on industry-scale energy storage products. The new Soluna Australia division will also provide technical support, customer service and custom products for large-scale storage applications.

Hammer raises $1.7m for Bronzewing South drilling

Hammer Metals is cashed up to carry out its maiden drilling program at the Bronzewing South gold project in Western Australia next month, after raising more than $1.76m through a placement priced at 2 cents per share. The company is carrying out an induced polarisation survey to refine potential drilling targets identified during the initial field reconnaissance programs.



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.

Novo has nearly 90% gold recoveries in the Pilbara

Pilbara conglomerate gold theorist, Novo Resources, has generated encouraging gold recoveries of up to nearly 90% from ore sorting trials at its Comet Well project located near Karratha in WA. The trials produced ore grades up to 792.4g/t in sorted gold concentrates and additional work will now be undertaken at smaller crush sizes and on oxidised ore samples to optimise gold recoveries even further.

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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.