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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Pharmaust in preliminary dog drug tests

Pharmaust will complete preliminary clinical trials on dogs in the coming weeks to help determine the required dosage for its newly reformulated Monepantel tablets and to confirm that it is non-toxic. The company will also start a Phase I “pharmacokinetic study” with the new tablets during the fourth quarter and it will also follow this up with initiation of its long awaited Phase II clinical trials.

Volt locks in approvals for Tanzanian graphite

Volt Resources has received the key Environmental Impact Assessment certificate for its Bunyu graphite project, which is the final pre-requisite for the grant of a mining licence over the promising project in south Tanzania. The company already has two binding offtake agreements in place and plans to raise up to USD$40m through a resources-based notes issue that could underwrite the Stage 1 development.

Southern Gold bullish on South Korea

Southern Gold’s project generation strategy for pinpointing epithermal gold and silver targets in South Korea is starting to bear fruit with the company outlining its fourth new project acquisition at Neungju. Recent rock chip sampling at the project produced grades up to 20.3g/t gold and 13g/t silver and follow on from the discovery of 18g/t gold and 270g/t silver rock chips from the historical Sonbul gold mine nearby.

Great Southern scoops up W.A gold tenements

Great Southern Mining has paid $145,000 in a deal that will allow the junior explorer to pick up 4 exploration licences, within 15km of its Mon Ami project near Laverton in W.A. The new tenements are just 25km trucking distance from Gold Field’s Granny Smith gold operation, opening up the future possibility of toll treating the ore if the company is successful on the hunt in the area.

Venus/Lepidico hits lithium near Sandstone in W.A.

Venus Metals’ farm in partner Lepidico has intersected lithium mineralisation during drilling at one of the company’s Youanmi project tenements in the Murchison region of W.A. Lepidico reported rock chip samples up to 1.71% lithium oxide from outcropping pegmatites on the ground and has secured an option to earn up to 80% of the lithium rights on the licence located 20km from Venus’ Youanmi gold operation in W.A.

46% copper find for Hammer in Queensland

ASX listed Hammer Metals has discovered a new high grade zone at its Perentie project in Mt Isa, Queensland, with rock chip samples returning up to 46% copper and 0.6g/t gold. The Susan prospect now takes the mineralised trend up to more than 3.4km. The company has also identified a fourth mineralised zone on a separate but parallel structure about 2.7km southeast of Paddy B.

Sky & Space signs binding MOU with internet provider

Sky and Space Global has signed a binding MoU with South American internet service provider, Foundation Busie Suriname, that could lead to the provision of affordable internet and online connectivity services in that region. The agreement includes a commitment by FBS to utilise a minimum number of devices and services along with the option to scale the commitment up to meet its requirements.

Greenland Minerals ticking boxes at Kvanefjeld

Greenland Minerals has reached an important milestone, submitting its updated environmental impact assessment for the Kvanefjeld rare earth project. The assessment aims to mitigate, eliminate or minimise negative environmental impacts throughout the initial 37-year mine life at the project. The company plans to meet shortly with senior Government officials to discuss timing of the pubic consultation period.

Coolgardie Minerals floats and starts mining

Coolgardie Minerals has commenced open pit mining at its flagship Geko gold project near Coolgardie in the Goldfields region of W.A. The company listed on the ASX this week after it closed out an over-subscribed IPO in July, that put over $4m in its coffers. It will now look to create an early cash flow position from the mine by investigating toll treating options.

Adriatic gobbles up more hot property in Bosnia

Adriatic Metals will increase its land holdings at the exciting Vares project in Bosnia after local municipal authorities approved the company’s request for major expansions to its existing concession agreement over the Veovaca and Rupice prospects at its 100% owned Vares base metals play. At the Rupice project, the expansion includes land immediately north of a 66m wide, high grade intersection of gold, silver and base metals reported by Adriatic in July.

Ironbark ticks off Citronen shipping route

ASX listed Ironbark Zinc has moved to prove up the viability of shipping ore from its Citronen zinc project in Greenland following the arrival of the contracted Nunavik icebreaking cargo ship at the site in the country’s north. The ease with which the Nunavik achieved this goal has increased the company’s confidence in being able to operate the project as a regular mine despite its relatively remote location.

CVCheck adds over $5m in revenue in 2 years

CVCheck has added $5m in annual top line revenues in just two short years as regular and recurring demand for its CV and resume checking services from a stream of serious corporate clients starts to hit the company accounts. Revenues booked in FY18 were $12.5m , up from $7.1m in 2016. The tech company is now hurtling headlong towards that magical breakeven mark.

Galena onto new source of lead-silver at Abra

Galena Mining’s drilling of the “apron zone” at its Abra lead-silver project near Meekatharra continues to extend the known mineralisation, with results up to 5.5m @ 16% lead and 22g/t silver from 291.9m down-hole and 6.1m @ 8.1% lead and 11g/t silver from 327.9m reported in the same hole. The campaign is proving up mineral resources that will be incorporated into the company’s PFS, due for release late this quarter.

San Antonio the gift that keeps giving for Hot Chili

Hot Chili has reported more shallow, high grade copper drilling results from its RC drill program at the El Fuego project area in central Chile. Assays showed intersections up to 9m @ 2.0% copper from 132m down-hole and 16m @ 1.1% copper from 93m down-hole at the San Antonio copper mine prospect. The ore system strikes for almost 700m, to a depth of 200m and plunges shallowly southwards.

Aspire looks to fast track Mongolian coal play

Aspire Mining has secured a $15m financing package that will support the early development of its flagship Ovoot coking coal project in Mongolia where Aspire is looking to truck coal from a starter pit to the existing rail head at Erdenet. Cash flows from the project could begin within 12 to 15 months once all approvals are received, funding is committed and a decision to mine is made.

Lithium Australia to test waste rock in pilot plant

ASX listed Lithium Australia has received approval from the W.A. state Government to recover material from mine dumps at its Lepidolite Hill project near Coolgardie for a proposed large scale lithium carbonate pilot plant. The company plans to use X-ray transmission ore-sorting to pre-concentrate lepidolite from the waste material before transporting it to the plant location.

Gold, base metals & barite in same hole for Adriatic

The exciting drill hits have continued for Adriatic Metals in Bosnia with a 16m intersection going 1.6g/t gold, 136g/t silver, 1.1% copper, 4% lead, 6.5% zinc and 33% barite from 206m down-hole at the emerging Rupice prospect extending the ore footprint by 60m. Another 18m intersection that showed 2.6g/t gold, 201g/t silver, 0.5% copper, 4.5% lead, 9.2% zinc and 62% barite has extended the ore zone 50m up-dip.

Spectacular drill intercepts for Artemis in W.A.

Artemis Resources has hit a treasure trove of high grade gold, cobalt and copper drilling intersections from its Carlow Castle project east of Karratha in the Pilbara. Results include a knee trembling 132m intersection grading 4.89g/t gold, 0.25% cobalt and 1.11% copper from 98m down-hole at Carlow Castle South East. The company has now extended the mineralised footprint to a depth of nearly 250 metres below surface.

Another brine target from 3D surveying in US for Reedy

Reedy Lagoon has received positive results from a subsurface 3D geophysical survey at its Alkali Lake North project in Nevada, USA. Interpretation has shown a 1km long, 100m thick conductor starting from about 500m vertical depth, which the company says could represent multiple lithium-rich brine aquifers. The project is 30km northeast of Albemarle’s Silver Peak mine, which is currently North America’s only producing lithium brine operation.

Financiers show interest in Ironbark zinc project

Ironbark Zinc has received expressions of interests from financiers who are looking to move towards more formal discussions about possibly financing the company’s giant Citronen Zinc project. The expressions of interest came after Ironbark management wrapped up a series of site visits to Citronen with interested parties. The company has also started preliminary site works at the project in anticipation of a positive outcome.

Calidus reaps CAD$3.5m from conglomerate gold deal

Calidus Resources has entered into an agreement with TSX-V listed Pacton Gold Inc, to vend its non-core conglomerate gold rights at the Warrawoona gold project for a consideration of CAD$3.5m in 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.

High grade gold hits continue to roll in for Bellevue

ASX listed Bellevue Gold’s infill drilling program has returned more high grade near surface gold hits including an impressive 2m @ 40.8g/t gold at the Tribune Lode within its Bellevue gold project in the W.A. Goldfields region. The company is also accelerating exploration at the its Viago Lode discovery with a view towards defining an initial resource that will upgrade the project’s current half a million ounce resource.

MGC gets ethics nod for marijuana-based dementia drug

ASX listed medical marijuana player MGC Pharmaceuticals has received ethics approval to carry out phase two clinical trials into the benefits of its “CogniCann” product for dementia and Alzheimer’s patients in early 2019. CogniCann is a GMP certified, pharmaceutical grade, medicinal cannabis product specifically developed for the treatment of dementia symptoms to improve specific cognitive functions.

St George finds many nickel/copper targets near Leonora

St George Mining has identified multiple nickel-copper sulphide targets from down hole electromagnetic survey programs at its Investigators prospect near Leonora in W.A. Recent drilling at the prospect identified sulphide mineralisation up to 7.55m thick, including nearly 1.3m of high grade massive sulphides. The company reported that a diamond rig has arrived at site to commence extensional and infill drilling on the new exploration targets.

Middle Island hits high grades in resource drill out

Middle Island Resources has returned some serious diamond drilling results going nearly 2 ounces to the tonne gold near Sandstone. Higher grade results were returned from BIF and basalt units, including 2m @ 54g/t from 340m down-hole and 93m @ 2.57g/t from surface respectively. The target tonalite intrusion returned thick lower grade results including 165m @ 1.11g/t gold from 85m down-hole at the Two Mile Hill deeps deposit.

Strike opens up the pumps at Jaws-1

Strike Energy’s landmark Jaws-1, super-deep coal seam gas well in the Cooper Basin of South Australia, continues to demonstrate excellent productivity with water production rising 18% to 1300 barrels per day. The pumps are being run at less than 50% capacity while reservoir pressure is currently about of the original pressure prior to beginning depressurisation. Strike is managing the water drawdown to maximise gas recovery.

Aquabotix expands links to US military

Underwater drone developer Aquabotix has joined the Information Warfare Research Project consortium which provides members with a fast tracked route to secure contracts offered by the US Space and Naval Warfare Systems Command. The company will gain access to key partners and customers and gain the ability to be able to carry out rapid research and prototyping using nondilutive funding options available under the OTA.

Azumah onto 3km gold target in Ghana

Azumah Resources has outlined several new gold exploration targets from geophysical interpretations of a comprehensive VTEM survey at its emerging Wa East gold camp in northwest Ghana. The company says the 3km long Eve target has all the hallmarks of the Julie system nearby, which holds 834,000 gold ounces. The new target coincides with strongly anomalous gold geochemistry in surface sampling, but has not yet been drill tested.

Lithium Australia hits wide mineralised zones in Europe

Lithium Australia has announced consistent grades of lithium in three diamond drill holes completed at its emerging Sadisdorf project in eastern Germany. Results include 78.51m @ 0.51% lithium oxide from 78.49m and 68.76m @ 0.51% lithium oxide from 211.49m down-hole in the same hole. Other results of 19.74m @ 0.65% tin from 83.42m down-hole and 15.97m grading 0.5% tungsten were also recorded from the polymetallic deposit.

Sublime copper-gold results for Hammer at Mt Frosty

Hammer Metals’ diamond drilling has returned a near surface intercept of 14m @ 5.93g/t gold and 2.19% copper including 5.5m @14.5g/t gold and 6.87% copper at the Jubilee prospect within its Mt Frosty JV near Mt Isa in Queensland. Fresh sulphide mineralisation samples from the drilling will be used for preliminary metallurgical studies to determine copper, gold and cobalt recoveries with results expected soon.

82m of graphite for BlackEarth in Madagascar

ASX listed BlackEarth Minerals has made an exceptional near-surface intercept of 81.8 metres grading 6.1% total graphitic carbon at the Haja prospect in southern Madagascar that raises the likelihood of a resource upgrade. Further assays from the 26 hole program are expected to be received soon and the company expects to release a maiden JORC-compliant resource estimate for Haja soon.



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.