Murray Ward

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Bulls N' Bears Senior Analyst Murray Ward

Murray Ward has more than 35 years of experience in the financial services sector, working in Melbourne and Perth with major national broking firms. He has also served as an executive and managing director of ASX-listed companies, building deep expertise in corporate finance, capital raising, governance and institutional sales, alongside a strong network of clients and C-suite contacts.
frs Bulls N' Bears 1 day ago

Forrestania monster newsflow lands four WA gold project prefeasibility studies

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Forrestania Resources has unleashed a flood of news, delivering prefeasibility studies across four WA gold projects alongside maiden ore reserves that sharpen its pathway towards production. The company's two-hub strategy centres on its Edna May and Lake Johnston processing plants, while standout British Hill drilling has added exploration upside. Forrestania has also landed inclusion in the globally followed VanEck Junior Gold Miners ETF.

AURUM_DD Rig Boundiali_BNBWA Bulls N' Bears 2 days ago

Aurum nails high-grade gold outside 3.22Moz Côte d'Ivoire resource

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Aurum Resources has returned a swag of high-grade gold hits from drilling outside its 3.22-million-ounce Boundiali resource in Côte d'Ivoire. The company's latest assays from a massive 100,000m drill campaign include bonanza gold grades up to 51.38 grams per tonne at the BMT2 prospect, which still has no defined resource, pointing to significant upside.

Augustus_MUSIC WELL_BNBWA Bulls N' Bears 17 Sep 2026

Augustus drill bit set to chase 30g/t WA gold target

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Augustus Minerals has completed three drill holes at its Clifton East prospect within the Music Well gold project near Leonora, with the high-grade St Patrick's Well prospect next in its sights. The target is peppered with impressive rock-chip samples grading up to 30.4 grams per tonne of gold, with the company now waiting for ground conditions to improve before firing up the drill rig again.

Forrestania_MEGA TAIPAN_BNBWA Bulls N' Bears 14 Sep 2026

Forrestania doubles down with second 2Mt WA gold ore deal

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Forrestania Resources has executed two major agreements with MEGA Resources, underpinning its WA processing hub strategy. The company secured the right to purchase and process up to 2 million tonnes of ore over 24 months. A second five-year agreement establishes MEGA as a preferred mining services contractor, advancing Forrestania's restart readiness for its Lake Johnston and Edna May facilities.

BURU ENERGY_RAFAEL_BNBWA Bulls N' Bears 11 Sep 2026

Buru books maiden reserve to fuel WA Rafael gas ambitions

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Buru Energy has kicked a major commercial goal, booking a first-ever independently assessed 2P reserve of 15.25 million barrels of oil equivalent for its Rafael gas-condensate project in WA's Canning Basin. The milestone is a critical funding enabler for the proposed two-well development, which is targeting first sales of LNG, LPG and condensate to the Kimberley region by 2029.

Cap Raise Crucible Bulls N' Bears 11 Sep 2026

Cap Raise Crucible: Canaccord leads big mining dash for cash

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The Cap Raise Crucible saw ASX cheque books well and truly remaining open as over 35 raisings chased $687.5 million. Big mining books led the charge, while Canaccord sat in the vanguard with nine mandates worth about $380 million. Discounts ranged from hefty to almost non-existent, yet aftermarket performances proved the real test, leaving some punters well ahead and others nursing an early black eye.

IsoEnergy_Larocque East_BNBWA (1) Bulls N' Bears 09 Sep 2026

IsoEnergy fires up Canadian uranium play with sizzling hits

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TSX-listed uranium giant IsoEnergy, fresh from snapping up Australian yellow cake explorer Toro Energy, has tabled spectacular drilling results from its world-class Hurricane deposit in Canada's Athabasca Basin, intersecting widespread, high-level radioactivity outside the existing resource. The project already boasts a mind-boggling grade of 34.5 per cent uranium oxide, signalling significant expansion potential for the newly-merged entity.

Manhattan_Jaws RC drilling_BNBWA Bulls N' Bears 07 Sep 2026

Manhattan bites into high-grade gold at Canadian Jaws target

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Manhattan Gold Corporation has delivered another round of high-grade gold hits from its Hook Lake project in Canada. Latest results from the Jaws prospect include a shallow intercept of 15.24m at 5.35g/t gold. The drilling has successfully expanded the mineralised system's strike length to 588m and confirmed gold to a depth of 223m, with assays for another 14 holes pending.

AURUM_BOUNDIALI_BNBWA (2) Bulls N' Bears 04 Sep 2026

Aurum adds more high-grade ounces to West African gold tally

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Aurum Resources has unveiled a volley of high-grade gold hits from its 3.22-million-ounce Boundiali project in Côte d'Ivoire. The latest drilling returned a standout 5.63m at 31.79g/t gold, along with a spectacular 0.50m at 104.13g/t. The results are part of a 100,000-metre program designed to expand the resource ahead of a definitive feasibility study later this year.

Dalaroo-Bondoukou drill rig_BNBWA Bulls N' Bears 03 Sep 2026

Dalaroo ups the ante with 12,000m drilling assault on African gold

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Dalaroo Metals has launched a 12,000m maiden reverse circulation drilling campaign at its Bondoukou gold project in Côte d'Ivoire. The program will test a 7km-long gold-anomalous corridor where previous soil sampling returned stunning results of up to 23.26 g/t gold. The campaign is funded by a recent A$2.5 million placement and comes as gold prices remain elevated.

KalGold_Pinjin drilling_BNBWA Bulls N' Bears 02 Sep 2026

KalGold strikes high-grade gold in WA elephant country

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Kalgoorlie Gold Mining has unveiled high-grade gold at its Pinjin project, 140km northeast of Kalgoorlie, with a top hit of 3m at 9.01g/t gold including 1m at 19.70g/t. The project sits in the prolific Laverton Tectonic Zone, a structure that has yielded over 30 million ounces of gold, strengthening management's view of a potential concealed goldfield.

CHARIOT_IGANNA_BNBWA Bulls N' Bears 02 Sep 2026

ZhongNuo, Chariot kick off fieldwork in Nigerian lithium hunt

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Chariot Resources says its partner ZhongNuo, a subsidiary of a Chinese Fortune 500 goliath, has kicked off geological mapping at the Iganna lithium project in Nigeria. The work is the first step in a partner-funded program that could lead to a minimum 1500m drill campaign, trial mining and a Direct Shipping Ore (DSO) offtake deal, all at the partner's cost.

King River Mindoolah BNBWA (1) Bulls N' Bears 01 Sep 2026

King River jags 44g/t gold in WA surface sampling

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King River Resources has unveiled a suite of high-grade gold results from rock chip sampling at its Mindoolah project in WA's Murchison province. Peak assays hit an impressive 44.3 grams per tonne gold from the Bertram's prospect, with multiple other high-grade samples defining several distinct target styles ahead of a drill campaign scheduled to kick off in early October.

Aguia_Lucena Prospect_BNBWA Bulls N' Bears 31 Aug 2026

Aguia revives 55Mt Brazilian phosphate resource as policy shifts

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With Brazil pushing to reduce its reliance on fertiliser imports, Aguia Resources has dusted off its Lucena phosphate project, which holds a 55-million-tonne inferred resource. The move follows early sales success at its recently commissioned Três Estradas phosphate operation. The company plans to re-engage with regulators to advance licences and conduct new economic and technical studies on the north-east Brazil asset, which also hosts a 41.4-million-tonne limestone resource.

Forrestania_MEGA contract_BNBWA Bulls N' Bears 27 Aug 2026

Forrestania inks $145M mining contract for WA gold hub

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Forrestania Resources has taken a major step towards gold production, awarding a two-year, $145 million mining contract to MEGA Resources for its Johnson Range project while also advancing its Lake Johnston processing hub. The moves are the latest in an aggressive acquisition and development strategy that has seen the company build a major resource base to feed two WA gold processing hubs.

Cap Raise Crucible hero image Bulls N' Bears 27 Aug 2026

Canaccord, Euroz Hartleys, Argonaut and Taylor Collison make the running

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Another busy capital raising fortnight kept Australia's broking desks humming, with Canaccord, Euroz Hartleys, Argonaut and Taylor Collison among the houses landing key mandates. The Cap Raise Crucible examines who won the work, what investors paid, where the money is heading and which deals delivered the strongest aftermarket returns.

RIO2_CONDESTABLE MINE_BNBWA Bulls N' Bears 26 Aug 2026

Rio2 gets green light for Peruvian copper expansion

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Rio2 Limited has received a major regulatory boost, securing environmental approvals for an expansion of its Condestable copper mine in Peru. The approvals allow for an increase in production to 10,000 tonnes per day, a 10-year extension of the mine's life and a new 43-million-tonne tailings facility. The decision follows a recent reserve update that underpins a 14-year mine life.

ORA BANDA_DAVYHURST_BULLSNBEARSWA Bulls N' Bears 26 Aug 2026

Ora Banda cashes in on record gold run

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Ora Banda Mining has delivered a step-change in its FY26 results, doubling revenue to $807.5 million and boosting EBITDA by a whopping 134 per cent to $431.1 million. The result was driven by a transition to a two-mine underground operation and a record realised gold price, swelling the company's cash balance to $267.7 million.

MANHATTAN_HOOK LAKE PROJECT_BNBWA Bulls N' Bears 26 Aug 2026

Jaws bares its teeth with more high-grade Canadian gold for Manhattan

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Manhattan Gold Corporation has tabled more broad, high-grade gold intercepts from its Jaws prospect at the Hook Lake project in Nunavut, Canada. Latest results include 25.9m at 1.59 grams per tonne gold and 35.05m at 1.23g/t gold, extending known mineralisation by more than 150m to the southwest. Assays for another 12 holes are pending.

Forrestania_BRITISH HILL RC Drilling_BNBWA Bulls N' Bears 24 Aug 2026

Forrestania drills up 175koz gold bounty at WA British Hill

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Forrestania Resources has struck a significant deep, high-grade gold hit of 29m at 3.91g/t from 220m at its British Hill project near Southern Cross. The result extends mineralisation to its freshly upgraded 175,690-ounce resource and comes as the company executes an aggressive acquisition strategy to become a major WA gold producer.

Kuniko_SILICA HILL_BNBWA Bulls N' Bears 21 Aug 2026

Kuniko unearths fresh NSW gold targets in Lachlan Fold Belt

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Kuniko has defined multiple new high-priority drill targets at its Commonwealth-Silica Hill project, located in the heart of NSW's ‘elephant country' Lachlan Fold Belt. A major geophysical review has outlined five square kilometres of potentially fertile acreage, with all new targets sitting on underexplored ground close to a historical resource of 88,800 gold ounces and 3.3 million silver ounces.

KalGold_PINJIN DRILLING_BNBWA Bulls N' Bears 20 Aug 2026

KalGold wraps up key WA gold drilling program with assays pending

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Kalgoorlie Gold Mining has wrapped up a 3194-metre reverse circulation drill campaign at its Lighthorse prospect, part of the Pinjin gold project in WA's prolific Laverton Tectonic Zone. The company says geological observations are encouraging, with alteration, veining and sulphide mineralisation seen in many of the 19 holes drilled. All samples are now at the lab, with results expected in the coming weeks.

Manhattan_JAWS DRILL RIG_BNBWA Bulls N' Bears 20 Aug 2026

Manhattan bags huge 41m hit at 4.66g/t gold in Canada

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Manhattan Gold Corporation has kicked off maiden drilling campaign at its Hook Lake project in Canada with a bang, intersecting a stunning 41.15m at 4.66 grams per tonne gold from a shallow 83.82m. The impressive hit included a higher-grade core of 7.62m running a stellar 18.67g/t gold, with individual samples peaking at 41g/t.

ROI2_CONDESTABLE MINE_BNBWA Bulls N' Bears 17 Aug 2026

Rio2 quarterly shows dual-mine production muscle in South America

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Diversified producer Rio2 has flexed its South American production muscle, delivering a strong June quarter from its dual-asset portfolio. The company churned out 13,539 ounces of gold and 9.3 million pounds of copper, generating a handsome US$76.2 million in EBITDA. The results were driven by its cash-generating Condestable copper mine in Peru and the ramping-up Fenix gold mine in Chile.

DALAROO_QUARTZITE OUTCROP WATHEROO_BNBWA Bulls N' Bears 17 Aug 2026

Dalaroo soil survey stretches WA copper-nickel target

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Dalaroo Metals has bolstered its Julimar-style Watheroo copper-nickel-PGE prospect in WA after first-stage soil sampling extended a key copper anomaly by two square kilometres. The program of 106 samples returned peak values of 284 parts per million copper and 176ppm nickel, with the results showing a strong link to underlying magnetic and geological features.

KUNIKO_COMMONWEALTH_BNBWA Bulls N' Bears 14 Aug 2026

Kuniko drilling flags NSW resource growth

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Kuniko has successfully extended the high-grade mineralised system at its Silica Hill prospect in NSW by about 100m. The first two holes of a phase-two diamond drilling campaign intersected visible sulphides and veining up-dip and down-dip of a previous bonanza-grade hit, with both new holes sitting outside the existing mineral resource block model, flagging resource growth potential.

NeuroScientific_FDA_BNBWA Bulls N' Bears 13 Aug 2026

NeuroScientific locks in key US FDA meeting

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NeuroScientific Biopharmaceuticals has hit a key regulatory milestone securing a Pre-Investigational New Drug meeting with the US Food & Drug Administration for August 31. The meeting will focus on the company's planned Phase 2 clinical trial of its patented StemSmart technology which is being developed to treat patients in the US and Australia with refractory Crohn's disease.

MOONLIGHT_CLERMONT_BNBWA Bulls N' Bears 12 Aug 2026

Moonlight pushes QLD gold system length past 1km

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Moonlight Resources has expanded its Leo Grande gold system to over 1km of strike at its flagship Clermont project in Queensland after completing its Phase 2 drilling campaign. The latest results include a 19m section at 1.95 grams per tonne gold from 99m. With exploration also underway at its Goldfinger gold and Peak Downs copper prospects, the company is advancing on multiple fronts.

King River_Mindoolah historic open pit_BNBWA Bulls N' Bears 12 Aug 2026

King River geophysics lights up new WA gold targets

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King River Resources has defined four new high-priority gold targets at its recently acquired Mindoolah project in WA's Murchison province. A high-resolution drone magnetic survey has identified previously unrecognised structures and alteration zones, suggesting a much larger gold system than previously thought. The company is now planning follow-up geochemistry and a second RC drilling campaign for October.

Augustus_MUSIC WELLS_BNBWA Bulls N' Bears 11 Aug 2026

Augustus bags 19.5g/t WA gold at Music Well

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Augustus Minerals has intersected its highest gold grade to date at the Music Well project near Leonora, WA. Latest RC drilling at the Clifton East prospect returned a bonanza 1m hit of 19.5g/t gold within a broader 8m intersection grading 3.27g/t. The company is now planning a follow-up RC program to test for similar high-grade shoots.

Cap Raise Crucible hero image Bulls N' Bears 07 Aug 2026

Cap Raise Crucible: Canaccord, Petra shine in busy cap raise fortnight

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Australia's busiest capital raising period of the year delivered more than 60 plus ASX transactions as Australia's brokers worked the room to extract over $1b in fresh capital for their ASX listed clients. Some were wildly successful, others not so much, some were priced at big discounts and remarkably, some even went out the door at a premium to market. All of which makes for an interesting Cap Raise Crucible this fortnight.

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