Tayler Neale

Marine services business Bhagwan Marine has opened its new head office on St Georges Terrace, after the company announced plans to shift from Geraldton in June last year.

Arrow Minerals (formerly Segue Resources) has received $5.2 million through a joint venture agreement and equity investment from nickel and gold producer Independence Group, along with a capital raising to fund its gold and lithium projects in Western Australia.

North Fremantle-based Mustera Property Group has announced the launch of a new fund, with its first purchase being a $16.5 million shopping centre in Perth’s southern suburbs.

Global Advanced Metals has submitted a development plan to begin direct tantalum mining at Greenbushes in Western Australia’s South West, as it continues legal proceedings against the company that mines lithium at the same site.

Tap Oil has announced the resignation of four of the company’s directors, including executive chairman James Menzies and Peter Mansell, with two nominations from major shareholder Risco Energy Investments appointed as replacements.

Building approvals in Western Australia have dropped to the lowest levels in 16 years, according to the latest figures from the Australian Bureau of Statistics, while a new housing affordability survey has labelled the Perth housing market ‘severely unaffordable’.

Local explorer De Grey Mining will proceed with a $15 million acquisition of the Indee gold project, located near Port Hedland, from private company Northwest Nonferrous Mining Australia.

Shares in medical dermatology company Botanix Pharmaceuticals, led by Perth-based chairman Graham Griffiths and executive director Matt Callahan, have jumped more than 20 per cent today after the company announced successful results from an acne patient study.

A group of shareholders in life sciences company eSense-Lab has requisitioned a general meeting to remove three directors, including chief executive Haim Cohen, while also seeking to appoint MMJ Phytotech managing director Andreas Gedeon and Otsana Capital founder Faldi Ismail to the board.