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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St George expands Mt Alexander exploration

St George Mining is expanding exploration to identify further nickel-copper mineralisation and increase the resource potential of existing discoveries at its Mt Alexander base metals project near Leonora, WA. With firm commitments in place for a $3 million placement, the company plans to kick off this exploration program with the diamond drilling of 42 new electromagnetic conductors later this month.

Great Southern picks up Queensland copper ground

Great Southern Mining is expanding its reach in northern Queensland with two applications for exploration permits that cover much of the prospective ground surrounding the high-grade Dianne copper mine. The permits cover 360 square kilometres in a known gold-copper district and provide the company with an area to carry out detailed exploration to identify similar high-grade copper deposits for follow up drill programs.

Altech proposes USD$100m sale of HPA project stake

Altech Chemicals could sell up to 49% of its high purity alumina, or “HPA”, project for USD$100 million to Frankfurt Stock Exchange-listed company, Youbisheng Green Paper, following strong expressions of interest from European investors. The company will pay about €2.7 million in cash and shares to acquire a 29% interest in Youbisheng, which will then seek to raise up to €70 million in new equity to fund the acquisition.

Madagascar backs BlackEarth graphite project

The Madagascan Government has offered to fast-track development of BlackEarth Minerals’ flagship Maniry graphite project, after a positive meeting with the country’s Minister of Mine and Strategic Resources. A German specialist industrial mineral testing outfit has also begun a program for evaluating the company’s ore concentrates for battery testing, while a Chinese institute has independently confirmed the premium quality of the project’s ores.

Vonex exceeds 30,000 PABX users

Vonex’s core cloud-based PABX telephony business continues to go from strength to strength with the ASX-listed telco now counting a milestone 30,000 registered active users on its books, a 25% increase in the last 12 months. The company also recorded new customer sales value of more than $1.3 million in the June 2019 quarter, which represents a 44% increase from the previous quarter.

Lithium Australia finds more lepidolite at Youanmi

Lithium Australia has continued to intersect wide pegmatite intervals with lithium mineralisation from its first pass reverse circulation drilling program at the Youanmi project near Sandstone in WA’s Murchison region. Lepidolite mineralisation has been intersected in most holes drilled to date in the program, which will be used to assess the resource potential and geometry of the pegmatites.

Warrawoona gold PFS shows $61m a year for Calidus

Calidus Resources’ PFS for its flagship Warrawoona gold project located near Marble Bar, WA, will churn out $61m per annum in free, pre-tax cashflows over an initial mine life of six years. Based on an AUD$1,800 per ounce gold price and production of about 100,000 ounces per year through a conventional 2Mtpa plant, the project has an estimated pre-tax NPV of $151m and an IRR of 40%, with payback in two years.

Rox extends gold zones on several fronts in WA

Rox Resources has hit the ground running at its Mt Fisher gold project near Wiluna, WA, with encouraging new assay results returned from drilling at the Dam, Dirks and Damsel South prospects. The company believes that the potential for uncovering large gold zones at the project is high despite deep weathering that obscures the basement rocks and geological structures, which has resulted in sparse drilling below the oxidised profile.

Image targets extension to WA mineral sands mine

Image Resources has received the green light to drill a 1.3 km section of the highly prospective 5.6km northern extension area, or “NEA”, within its high-grade, zircon-rich Boonanarring mineral sands project, 80km north of Perth, WA. Drilling and assessment of mineralisation in the NEA is aimed at verifying the presence of economic mineralisation to increase the project’s mine life.

Nusantara eyeing potential gold upgrade in Indonesia

Indonesia focussed gold developer, Nusantara Resources, has increased its confidence in the potential for a grade uplift to be realised once its Awak Mas gold project on the island of Sulawesi, Indonesia, is in production. Trenches dug across an exploration bench have demonstrated additional high-grade structures that were not captured by ore reserve drilling and related block models.

More rolled gold numbers for Spectrum in WA

Spectrum Metals’ Phase II drilling campaign at the Penny West project near Youanmi, WA, has returned additional, deep high-grade gold intersections at the Penny North discovery, extending the mineralisation down-plunge. New drill intercepts included 5m @ 24.4g/t gold from 241m down-hole, 6m @ 14.8g/t gold from 268m down-hole and another hole that recorded 11m @ 3.9g/t from 221m down-hole and 3m @ 15.4g/t gold from 239m down-hole.

Intermin exploring multiple gold projects in WA

Intermin Resources’ ongoing regional drilling activities in the Goldfields region of WA, have delivered encouraging assays following up on historical drill results and testing of new prospect areas. At the Teal East prospect, an intersection of 12m @ 4.19g/t gold from 76m down-hole has extended the existing mineralisation and provided a good foundation for growing the current Teal mineral resource of nearly 290,000 ounces.

Anglo finds high grade gold core at Feysville

Anglo Australian Resources has confirmed that supergene gold mineralisation at the Think Big prospect within its flagship Feysville project near Kalgoorlie is largely continuous over 200m of strike and up to 80m wide. Infill drilling recorded a top result of 10 metres grading 10 grams per tonne gold from 23 metres down-hole, including a peak 1m intersection grading 76.1g/t gold.

Australian Potash banks $1.3m R&D tax rebate

Australian Potash has received recognition for the test work activities that will feed into the ongoing definitive feasibility study at its Lake Wells sulphate of potash, or “SOP”, project near Laverton, WA, with the receipt of a $1.3 million research and development tax rebate. Proceeds from the tax refund will be used to complete the work streams feeding into the study, which is scheduled to be completed before the end of this year.

Image proves up high grade mineral sands zone in WA

Image Resources has confirmed the presence of a high-grade core of zircon-rich mineral sands, with a close-spaced drilling program over the eastern strand line of its Boonanarring project, located north of Perth in WA. The company said assay results from the infill program at Block C were encouraging and corroborate mining and processing results at the mine, which show higher ore grades than had initially been forecast.

PharmAust secures key ethics nod for Phase II cancer trials

PharmAust has received the key ethics approval from the New South Wales Department of Primary Industry to proceed with the Phase II clinical trials for its anti-cancer drug Monepantel in dogs with B-cell lymphoma, the most common form of canine cancer. The company will begin recruitment of dogs for the Phase II trial after it takes delivery of the tablets from the US in August or September.

Area D defined as key Fraser Range target for Legend

Legend Mining has selected conductor D5 within its Area D prospect area in the Fraser Range region of WA, as the highest priority target for diamond drilling later this year. The company controls vast tenement holdings over 3,000 square kilometres in the area and a recent review of all existing drilling data, geophysical interpretations, ore mineralogy studies and encouraging geochemical signatures has led to the conclusion.

ClearVue signs deal to secure solar panel supplies

ClearVue Technologies has signed a memorandum of understanding with Taiwanese manufacturer BeyondPV to secure supplies of solar photovoltaic, or “PV”, strip modules. Under the agreement, BeyondPV will invest about USD$3.5 million to establish a dedicated production line to produce ClearVue’s solar PV strip modules, while carrying out research and development to improve ClearVue’s products and technology.

Lithium Australia hits lepidolite at Youanmi

Lithium Australia’s ongoing lithium drilling at the prospective Youanmi project near Sandstone in WA’s Murchison region has had initial success, with many of the 22 holes drilled to date intersecting visible lepidolite mineralisation. The company has also dispatched samples from its completed four-hole vanadium drilling program at Youanmi for chemical analyses and metallurgical test work.

AVZ hires GR Engineering to deliver lithium study

AVZ Minerals has appointed well-credentialled, Perth-based, GR Engineering Services to oversee delivery of the definitive feasibility study for its Manono lithium and tin project in the Democratic Republic of the Congo, by the June quarter of 2020. On-site, DFS work programs are continuing on schedule with metallurgical test work well underway and dewatering programs for the historical Roche Dure open pit having commenced.

St George defines new nickel-copper target in WA

St George Mining’s new Fish Hook prospect at its flagship Mt Alexander base metals project near Leonora, WA, has been identified as a high priority nickel-copper sulphide target. Soil sampling at the prospect returned highly anomalous values for nickel, copper and platinum group elements that exceeded assays at the Investigators Prospect where extensive high-grade nickel-copper sulphides were later intersected by drilling.

Bellevue expands gold resources by 17% at WA project

Bellevue Gold has generated an updated mineral resource estimate for its flagship Bellevue gold deposit near Leinster, WA, revealing a 17% increase in the contained metal to 5 million tonnes grading 11.1g/t gold for 1.8 million ounces. Next steps at the project include completing metallurgical and geotechnical studies, establishing water supply locations for the proposed mining operation and refining geological resource models by completing infill drilling.

ClearVue, Arup advancing Smart Facade development

ClearVue Technologies has signed a consultancy agreement with global engineering consultants Arup to further develop its Smart Façade panel concepts that incorporate the ASX-listed company’s clear glass solar panels. This work will develop four types of self-powered Smart Façades into concepts that can be supplied to selected manufacturers for prototyping and integration into mass production and assembly.

MGC fourth quarter revenues hit high note

MGC Pharmaceuticals’ seed-to-pharmacy strategy is picking up significant momentum with the ASX-listed company reporting revenues of $763,000 in the fourth quarter ended 30 June 2019. The result is due in part to the receipt of $469,000 in revenue from private Canadian cannabis investment company CannaGlobal for cannabis-based cosmetic raw materials under their five-year supply agreement.

PolarX seeking porphyry mammoth in US

PolarX will shortly commence drilling at both its intriguing Saturn porphyry copper-gold target and Zackly copper-gold skarn deposit, located within its Alaska Range project in the US. The company has initiated geophysical surveys at Saturn to help determine the final drill hole positions and it is planning to start a resource extension drilling program at Zackly to grow the existing mineral resource.

Hawkstone expands US lithium clay deposit

Hawkstone Mining has received additional wide, high-grade lithium assays of up to 52m @ 2,042 ppm lithium, from its Big Sandy clay project in the US. The company is finalising its Phase 2 drilling campaign at the Northern Mineralised Zone and is completing a maiden mineral resource estimate for the deposit and definitive metallurgical test work programs for lithium extraction.

Legend signs three Fraser Range JV agreements

Legend Mining has raised $9.8m in a two-tranche subscription agreement with miner Independence Group to fund further exploration. The company has also entered into several joint venture agreements relating to its Rockford project in the Fraser Range, WA, with Legend to acquire a 70% interest in two exploration tenements from the Creasy Group, while Independence will gain a 60% interest in Legend’s Rockford North tenements.

Greenland slashes Kvanefjeld capex by 40%

Greenland Minerals’ optimisation study has successfully reduced the capital cost of its giant Kvanefjeld rare earth project in southern Greenland by almost 40% to USD$505 million. This is partly due to the development of an optimised flotation circuit that can produce a concentrate with grades of at least 22% REO, which allows the scale of refinery circuit and the size of processing equipment to be reduced.

St George drilling to extend Mt Alexander

St George Mining is poised to start drilling 42 new electromagnetic conductors that have been identified by downhole surveys at its flagship Mt Alexander base metals project near Leonora in the Goldfields region of WA. The highest priority targets are located away from defined zones of nickel-copper sulphides and could significantly extend the mineralised ore system in the Cathedrals Belt.

Adriatic extends base metal signature in Bosnia

Adriatic Metals has intersected encouraging, wide intersections of base and precious metals mineralisation from drilling in its new Concession area at the northern end of the Rupice prospect in Bosnia. The company has also outlined a strong chargeable anomaly from a ground geophysical survey, located 200m west of the current program at Rupice, which contains no historical drilling.

Intermin sells non-core gold projects for $8m

Intermin Resources is selling its non-core Menzies and Goongarrie gold projects north of Kalgoorlie to gold explorer Kingwest Resources for a total consideration of $8 million in cash and shares. The sale supports Intermin’s goal of developing a standalone gold project in the Kalgoorlie and Coolgardie regions, while allowing it to retain exposure to any upside in the two projects through a substantial shareholding in Kingwest.



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.