Matt Birney

Burleson Energy’s Israel based Sky & Space Global have inked a deal with an Australian company that will see them provide satellite communications services to aviation, marine and recreational markets. SSG will intergrate ESSTRACK'S unique satelite tracking and comms systems into their nano-satellite network.  

Blackham Resources midas touch has continued at its Wiluna Gold mine with a 1.5m drill intersection grading 47.8 grams per tonne gold or a whopping ounce and a half of gold per tonne. An exploration target at the Golden Age Offset of between 40k and 320k ounces at 6-10 g/t gold has also been struck. 

Burleson Energy have easily raised $4.5m to complete the acquisition of Israeli nano-satellite company Sky and Space Global. The company announced this week Danish nano-satellite manufacturer Gom Space, has commenced construction of SSG’s first three nano-satellites.

The intrigue around Legend Mining’s Fraser Range project is building as the company prepares to undertake two Down Hole Survey’s in search of the source of two strong magnetic conductors. The company believes it may have just missed the conductors with its drill holes and the downhole survey is capable of detecting conductors up to 100m off hole. 

In a supreme show of faith in ASX listed Analytica’s urinary incontinence medical device technology, its Chairman Dr Michael Monsour has agreed to take a $1m placement at a price nearly 18 percent higher than that offered to the general shareholder base and a new cornerstone investor who has also committed to a $500k placement. 

There’s an old saying in the exploration business - “If you want to hunt for elephants you need to go to elephant country." That message certainly hasn’t been lost on Sipa Resources who have just muscled into well known elephant country in the Pilbara that hosts the 10m ounce Telfer Gold mine and the 30 000 tonne a year Nifty Copper mine. Sipa will spend $3m to earn 80%.

A major part of Stargroup’s plan is about to come to fruition with the appointment of 20 agents nationwide who will resell their EFTPOS and PAYWAVE offering to businesses around the country.They are aiming to place 30 EFTPOS terminals a month into businesses up until July and 100 a month thereafter as their network of agents grows to over 100 by midyear. 

Blackham Resources haven’t wasted any time in putting their recent $20m capital raise to good use with the key refurbishment contract at the old Wiluna Gold plant now approved for signing. Blackham’s DFS predicts the project will bank $234m over 7 years which is not bad considering they only dished out around $6m to buy it and $32m to refurbish the plant. 

Burleson Energy acquisition Sky and Space Global have pre-sold 100% of the telecommunications bandwidth from their first constellation of “nano-satellites” to be launched in 2017. The company says that just 100 units should provide revenues of between $300m and $500m per annum and produce up to 1 000 000 000  minutes of voice, messaging and data air time a year.

Blackham Resources has added another 40 000 ounces of gold to its resource and another $20m to its bank account after a successful drilling campaign followed by an equally successful oversubscribed capital raise. The headline result from the campaign was 11.5m @ 5.08 grams per tonne gold which included a 7m intersection grading 7.01 grams per tonne gold.

Hammer Resources and heavyweight partner Newmont are currently processing and modelling geophysical data gleaned from the first round of field programs at Hammer’s Mt Isa project. Hammer are also focusing on their own 100% owned tenements including the Scalper prospect that retunred a result of 23 metres at 1.1% Copper and 0.27g/t gold.

Respected Florida based US research house Redchip, has re-rated ASX listed cancer drug hopeful Pharmaust at 35c a share, almost triple its current share price. The total Net Present Value calculated by Redchip for Pharmaust out to 2030 is $56.5m, considerably higher than Pharmaust’s current market cap that hovers between $10m and around $12m.

West Perth based Drake Resources has made the popular leap from mining to technology with the acquisition of Israeli based cyber security firm Genome Technologies that boasts a unique proprietary algorithm that “profiles” client company employees in order to assess their cyber security risk. The deal is worth around $11m and Drake says the cyber security market will grow to $177b in 5 years.

ASX listed Philippines high grade gold explorer Red Mountain Mining look set to bank $2.65m in the next few weeks after a strong showing in their recent rights issue and the listing of their strategic financing partner on the London Stock Exchange. 

Leading ASX listed Cancer drug specialist Pharmaust, are in discussions with a UK-based clinical oncologist to evaluate their anti-cancer drug known as Monepantel in patients with oesophageal cancer. The trials, which will analyse the effect of Monepantel on patient’s tumours are designed to provide short term feedback on the efficacy of the drug.

Former oil and gas turned space technology company Burleson Energy has achieved a major milestone in its relatively short time in the space technology business. This week its recent acquisition target Sky and Space Global, signed a binding contract with respected Danish nano-satellite manufacturer GomSpace to commence building 3 trial nano-satellites.

Despite encountering drilling difficulties that resulted in the abandonment of two holes at their Rockford project in the Fraser Range, Legend Mining says it gained a valuable insight into the geology in the area. Legend says it is able to confirm the presence of “Fraser Zone” rocks highlighting the prospectively of Area D for Nickel and Copper mineralisation.

West Perth based junior mining hopeful Blina Minerals has kicked off a round of auger drilling as part of its due diligence program at the Ande’s project in Colombia.The Ande’s project is sublimely located in the heart of the famed Middle Cauca gold belt in Colombia that is practically overrun by multi-million ounce gold mines on its door step in all directions. 

Consummate deal maker Neometals is at it again, this time with ASX listed junior and 20% partner in its WA nickel assets, Hannans Reward. In a complex series of deals, Neometals will divest its nickel assets in Forrestonia , whilst at the same time emerging as Hannan’s major shareholder with around 40% of its shares and a 13.5% stake in an overseas Lithium play.

2015 was the world’s worst year on record for unprovoked shark attacks according to The International Shark Attack File.This statistic has prompted Perth based Shark Mitigation Systems to float (SMS) its much talked about business on the ASX with the company prospectus now on the streets. SMS will raise $4m at 20c a share in a traditional IP

Austral Gold have agreed to purchase 51% of Troy Resources’ marginal Argentine gold/silver mine, Casposo, for USD $3m. Austral are obliged to free carry Troy in a USD $10m capital works program designed to re-engineer the plant after it fell victim to the impact of high inflation and capital controls in Argentina coupled with a falling US dollar gold price. 

Perth based Triton Minerals have indicated they will focus on getting their Ancuabe prospect in Mozambique into early stage high grade production this year. The company says that 72% of flakes discovered at Ancuabe are greater than 300 microns in size and that 43% are greater than 500 microns, at grades of more than 98% Total Graphitic Carbon.

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.

Perth based Terrain Minerals continue to prove up interesting high grade gold results at their Monet prospect within the Rembrandt project just out of Menzies in WA.Results include 2m @ 12.91 g/t gold from just 10m below surface including a 1m intersection grading 24.3 grams per tonne gold. 

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.

In an extraordinary move, Perth based Neometals will pay a dividend even ahead of production after amassing a $67m pile of money via a series of sublime deals surrounding their Mount Marion Lithium play. They will return $11.2m of the $67m of cash they have amassed back to shareholders by way of a 2c per share un-franked dividend and capital payback.

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. 

When your biggest problem is that you cant find a piece of un-mineralized ground to place your waste dump you know you’re on a winner in the gold mining business. Such is the case at Blackham Resources Matilda Mine prospect in Wiluna. Canaccorde Genuity recently predicted the company would EBIT $41.6m in FY17 and a whopping $91.4m in Fy18 as they hurtle towards production.

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.

Perth based Triton Minerals have hit a 31m drill intersection grading over 10% total graphitic carbon content (TGC) at its world class Nicanda West graphite play in Mozambique. Preliminary test work at Triton's Ancuabe project has also returned some of the highest quality jumbo and super jumbo flake graphite in the world with over 73% of flake exceeding 300 microns and 43% exceeding 500 microns.

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.

ASX listed Burleson Energy, currently trading at just 0.4c appear to have landed a company maker that ticks all the right boxes with its impending back door listing of Sky and Space Global Ltd. SSG is a start up seeking to deploy clusters or “constellations” of new tech “nano-satellites” into space for the purposes of owning a global telecommunications network for satellite phone and data users.