Matt Birney

Burleson Energy has cleared the decks of their historic oil and gas assets in the USA to focus on their exciting new nano-satellite play out of Israel. Wholly owned Burleson subsidiary Burleson Energy General LLC has entered into an agreement with AKG Energy L.P for the sale of its oil and gas assets located in the United States for a cash consideration of AUD$43,500.

Troy Resources have achieved commercial production at their $133m Karouni gold plant in Guyana, a small English speaking country on the north Atlantic coast of South America. The company says its Karouni plant is now self funding just 8 weeks after pouring its first 4.7kg gold bar. They are aiming for production of 80 000 tonnes a month from this month.

Blackham Resources have released their highly anticipated DFS, which shows the Matilda Gold Project in Wiluna reaping at least AUD$234m in free cashfow over its initial 7 year mine life. With only 239m shares on issue on a fully diluted basis and a current share price of less than 50c the maths on this project starts to look very interesting. 

ASX listed Analytica have pointed to an article on Bloomberg getting global coverage on the growth in the adult diaper market to highlight the need for an effective treatment for urinary incontinence, a condition that can be cured or reduced using Analytica’s “Peri-Coach” device. Euromonitor International is forecasting a 48 percent increase in sales in the adult diaper market to $2.7b by 2020.

With only months to go before Blackham Resources achieves its dream of firing up the old Wiluna Gold plant to treat a whole host of new discoveries, the company has again increased its in ground gold resource estimate at the Matilda Gold Project in Wiluna - this time by 10 000 ounces. Blackham's shares have doubled over the last few months as they continually update the size of their resource.

Ever since Sirius Resources poked a hole into a magnetic signature on a map and came up with the colossal Nova-Bollinger nickel resource, the market takes particular note when others do the same – especially when it is in the same area. Legend Mining shares have run by 50% over the last few weeks ahead of their drill program starting on February 22nd to test 5 identified conductors.

At a time when junior miners are screaming for cash, no such problem exists at the David and Chris Reed led Neometals. Last quarter the company reported cash of $31m and today they announced their Chinese partner in the Mt Marion Lithium project near Coolgardie will pay them another $38m to increase their stake in the project.

Perth based listed cancer drug hopeful Pharmaust, has received a $546 000 Government windfall from the Research and Development Rebate Scheme. Under the scheme, eligible Australian companies that are undertaking approved research and development activities can claim up to 43.5% of their expenditure back from the Federal Government.

Newly minted Triton Minerals M.D Garth Higgo has wasted no time in placing his stamp on the company with the appointment of a new Chief Operating Officer, a new Chief Financial Officer and a new Non Executive Director. Mr Higgo was himself only appointed as Chief Executive Officer in December and was previously the Global Director of Mining for Aurecon Group and Calibre Global.