Beer & Co. Research
151. PuriflOH (PO3.ASX) : Air Purifier to kill TB and airborne diseases 
150. PuriflOH (PO3.ASX) : Major investment at 5x share price 
149. PuriflOH (PO3.ASX) : Global potential in many sectors 
148. PuriflOH (PO3.ASX) : Global potential in many sectors, short 
147. First Au (FAU.ASX) : 3 Highly prospective projects in WA 
146. Altura Mining (AJM.ASX) : Doubling plant capacity 
145. Kin Mining (KIN.ASX) : 55koz/yr at AISC $1018/oz 
144. Altura Mining (AJM.ASX) : Plant heading to site 
143. Diatreme Resources (DRX) : Cyclone’s development imminent 
142. Diatreme Resources (DRX) : Negotiating Cyclone project buy-in 
141. Altura Mining (AJM.ASX) : To be shipping into a strong market 
140. Sayona Mining (SYA.ASX): Updating February 2017 PFS 
139. Sayona Mining (SYA.ASX): Updating February 2017 PFS – summary 
138. Acacia Coal (AJC.ASX) : 385kt/yr of anthracite. 
137. Acacia Coal (AJC.ASX) : 385kt/yr of anthracite – summary 
136. De Grey Mining (DEG.ASX) : Over 1.0Moz in Resources. 
135. Avenira (AEV.ASX) : Product being shipped; low prices 
134. Altura Mining (AJM.ASX) : Construction has started 
133. Altura Mining (AJM.ASX) : Construction to start 
132. De Grey Mining (DEG.ASX) : Over 800koz in Resources; DEG now a developer 
131. De Grey Mining (DEG.ASX) : DEG now a developer – summary 
130. Altura Mining (AJM.ASX) : The next spodumene producer 
129. Altura Mining (AJM.ASX) : Equity Raised for construction 
128. Kin Mining (KIN.ASX) : 50koz/yr gold from 2018 Q3 
127. Millennium Minerals (MOY.ASX) : Valuation up due to drilling productivity 
126. De Grey Mining (DEG.ASX) : 366koz just the start 
125. Millennium Minerals (MOY.ASX) : Increasing Reserves and mine life 
124. Altura Mining (AJM.ASX) : Robust DFS : payback 1.8 years 
123. Avenira (AEV.ASX) : Product being trucked to port 
122. Millennium Minerals (MOY.ASX) : Wide, high grade intercepts upgrade valuation 
121. Altura Mining (AJM.ASX) : MLs granted; Mining Proposal Lodged 
120. Wolfstrike Rentals Group (WSG.ASX) : Finances secured to grow cashflows 
119. Altura Mining (AJM.ASX) : Co-operation raises valuation 
118. Avenira (AEV.ASX) : Product now being stockpiled 
117. Wolfstrike Rentals Group (WSG.ASX) : De-risking the growth of secure cashflows 
116. Diatreme Resources (DRX) : EPA recommends Cyclone project 
115. Avenira (AEV.ASX) : Commissioning has started 
114. Altura Mining (AJM.ASX) : DFS August 2016; Product October 2017 
113. Millennium Minerals (MOY.ASX) : Great results from deeper drilling 
112. Millennium Minerals (MOY.ASX) : Upgrading our valuation 
111. Avenira (AEV.ASX) : Product within 2 months 
110. Thomson Resources (TMZ.ASX) : Tin : Good grades, good widths 
109. Wolfstrike Rentals Group (WSG.ASX) : Growing Secure Cashflows 
108. Wolfstrike Rentals Group (WSG.ASX) : Growing Secure Cashflows – Summary 
107. Diatreme Resources (DRX) : Cyclone Feasibility Affirmed 
106. Millennium Minerals (MOY.ASX) : Market Cap : Reserves plus Cash 
105. Avenira (AEV.ASX) : Mine Development proceeding 
104. Altura Mining (AJM.ASX) : Valuation up after Feasibility Study 
103. Cudeco Limited (CDU.ASX) : Rocklands mostly developed 
102. Cudeco Limited (CDU.ASX) : Rocklands mostly developed – short 
101. Millennium Minerals (MOY.ASX) : Resources & Reserves Upgraded 
100. Renascor Resources (RNU.ASX) : 1.2Mt of graphite in 16.8Mt of Resources 
99. Aphrodite Gold (AQQ.ASX) : 540koz over 6.5 years at $A 870/oz 
98. Aphrodite Gold (AQQ.ASX) : 540koz over 6.5 years – summary 
97. Avenira (AEV.ASX) : Mine Development underway 
96. Millennium Minerals (MOY.ASX) : March quarter beats our model 
95. Millennium Minerals (MOY.ASX) : Raising 2016 production target 
94. Avenira (AEV.ASX) : Low cost, high margin phosphate; First product 2016 
93. Avenira (AEV.ASX) : Low cost, high margin phosphate. Summary 
92. Altura Mining (AJM.ASX) : Bigger plant, lower costs and higher prices 
91. Millennium Minerals (MOY.ASX) : MOY guides higher; earnings and valuation up 
90. Millennium Minerals (MOY.ASX) : Gold running 
89. Pilbara Minerals (PLS.ASX) : 80Mt in Resources, expand to 4.0Mt/yr 
88. Diatreme Resources (DRX) : Cyclone DFS soon 
87. Altura Mining (AJM.ASX) : Hard rock lithium 
86. Altura Mining (AJM.ASX) : Hard rock lithium – summary 
85. Millennium Minerals (MOY.ASX) : MOY at top of guidance 
84. Millennium Minerals (MOY.ASX) : Why so Cheap? Solvency risk gone 
83. Millennium Minerals (MOY.ASX) : Producing gold; Expect exploration success 
82. Millennium Minerals (MOY.ASX) : Producing gold; Expect exploration success. Summary 
81. Elementos Limited (ELT) : Profitable at current tin prices 
80. Elementos Limited (ELT) : Profitable at current tin prices (short report) 
79. Pilbara Minerals (PLS.ASX) : Higher throughput PLUS higher prices 
78. Threat Protect Australia (TPS) : Security without Compromise 
77. Pilbara Minerals (PLS.ASX) : Drilling enhances Pilgangoora 
76. Energia Minerals (EMX) : High grade zinc at Gorno, plus silver 
75. Pilbara Minerals (PLS.ASX) : MOUs for Pilgangoora Spodumene 
74. Atherton Resources (ATE.ASX) : Zinc early in 2017 
73. Atherton Resources (ATE.ASX) : Zinc early in 2017 – summary 
72. Atherton Resources (ATE.ASX) : Zinc early in 2017 
71. Atherton Resources (ATE.ASX) : Zinc early in 2017 – summary 
70. Consolidated Tin Mines (CSD.ASX) : Producing base metals, and cash 
69. Consolidated Tin Mines (CSD.ASX) : Producing base metals, and cash – summary 
68. Pilbara Minerals (PLS.ASX) : PLS to move to 100% of Tabba Tabba 
67. Syndicated Metals (SMD) : More copper on SMD ground 
66. Diatreme Resources (DRX) : DRX : More than Cyclone 
65. Energia Minerals (EMX) : EMX improves portfolio 
64. Pilbara Minerals (PLS.ASX) : Pilgangoora high grade core 
63. Ram Resources (RMR) : RMR to drill late June, soils and EM targets 
62. Energia Minerals (EMX) : PE bids $51/t of Zn Eq; EMX is $4/t 
61. Syndicated Metals (SMD) : Feasibility Study by September 
60. Pilbara Minerals (PLS) : High grade drill results at Pilgangoora 
59. Energia Minerals (EMX) : Get your zinc now ! EMX best of a small bunch 
58. Diatreme Resources (DRX) : Cyclone : Resources Upgraded 
57. Pilbara Minerals (PLS) : Pilgangoora resource upgraded 
56. Syndicated Metals (SMD) : Production deferred; higher return project 
55. Balamara Resources (BMB) : PFS values first project at $415m 
54. Balamara Resources (BMB) : PFS values first project at $415m – summary 
53. Energia Minerals (EMX) : Progressing Gorno; first zinc in 2016 
52. Pilbara Minerals (PLS.ASX) : Tabba Tabba resource upgraded 
51. Sumatra Copper & Gold (SUM) : First gold in 9 months at US$ 654/oz 
50. Sumatra Copper & Gold (SUM) : First gold in 9 months at US$ 654/oz, summary 
49. Pilbara Minerals (PLS.ASX) : Resources – higher Li2O grades 
48. Pilbara Minerals (PLS.ASX) : Resource upgrades coming 
47. PLD Corporation (PLD) : PLD acquires Admiral Bay 
46. Diatreme Resources (DRX) : New management, Zircon in 2017 
45. Diatreme Resources (DRX) : Zircon in 2017 : summary 
44. Argent Minerals : Kempfield – drilling VMS potential 
43. Argent Minerals : Kempfield – drilling VMS potential; summary 
42. New Age Exploration : Analysis and Valuation confirmed 
41. Pilbara Minerals : Tabba Tabba : high grade hits 
40. Pilbara Minerals : Pilgangoora – prepare for an upgrade 
39. Syndicated Metals : More good drilling results 
38. PLD Corporation : Driling in the Albany-Fraser belt 
37. Balamara Resource – Low cost coal in Poland 
36. Balamara Resource – Low cost coal in Poland – summary 
35. Pilbara Minerals : Tabba Tabba tantalite and Pilgangoora spodumene and tantalite – summary 
34. Pilbara Minerals : Tabba Tabba tantalite and Pilgangoora spodumene and tantalite 
33. New Age Exploration : Indicated Resources, coal quality confirmed 
32. New Age Exploration : now 1.5Mt/yr of Hard Coking Coal 
31. Energia Minerals 11 August 2014 : Gorno : Producing zinc in 2 years; summary report 
30. Energia Minerals 11 August 2014 : Gorno : Producing zinc in 2 years 
29. Syndicated Metals, 22 July 2014 : Updated Resource estimate at Barbara 
28. Athena Resources, 21 July 2014 : Byro : Iron Ore and Nickel, with significant upside potential, summary report 
27. Athena Resources, 21 July 2014 : Byro : Iron Ore and Nickel, with significant upside potential 
26. Syndicated Metals, 1 July 2014 : New drilling could double resource 
25. New Age Exploration : Upgraded Resource in July 
24. Syndicated Metals, 10 June 2014 : Upgrade valuation to 10.5c 
23. Integrated Resources, 21 May 2014 
22. Integrated Resources, 21 May 2014 
21. Syndicated Metals, 8 May 2014 : 11.7m at 7.92% Cu 
20. New Age Exploration, 6 May 2014 
19. Drake Resources, 2 May 2014 
18. Syndicated Metals, 28 April 2014 – More Upside at Barbara 
17. Energia Minerals 16 April 2014 
16. Syndicated Metals, 7 April 2014 – Further Update 
15. Metals of Africa, 3 April 2014 
14. Syndicated Metals, 2 April 2014 – Update 
13. Ram Resources, 31 March 2014 – Update 
12. New Age Exploration, 13 March 2014 – Update 
11. Firestrike Resources, 13 February 2014 – Corporate Note 
10. Energia Minerals, 14 February 2014 – Full report 
9. Energia Minerals, 14 February 2014 
8. New Age Exploration, 29 January 2014 – short 
7. New Age Exploration, 29 January 2014 
6. Midas Resources, 29 January 2014 
5. Midas Resources, 29 January, short 
4. SyndicatedMetals, 15 January 2014 
3. SyndicatedMetals, 2 December 2013 
2. Elementos – 53kt tin JORC, summary
1. Elementos – 53kt tin JORC at Clevalnd, Tasmania 
All investors are cautioned that all of our research is paid for by the companies on which we do the research. This may influence the results we derive. Further, we provide a draft of all our research to companies and the clients may request that we do not publish this research.
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