West Perth-based mineral explorer EnviroGold Ltd has announced plans to raise $16 million through a placement to develop its 70 per cent owned Las Lagunas Gold Tailings Project in the Dominican Republic.
Perth-based biotechnology company Stirling Products Ltd has extended a technology development agreement with UK-based Merial Ltd until the end of March 2008, the company has announced.
Perth-based petroleum player Samson Oil and Gas Ltd has raised $3.4 million through a placement, with funds to be spent on exploration of its US oil and gas projects.
West Perth-based gold explorer Goldstar Resources NL will place 9.5 million shares to investors, raising $4.1 million to help it complete a feasibility study on its Eureka project.
Westralia Property Trust Ltd has unveiled a strategic shift into the rural sector, with plans to buy land from its 49-per-cent-shareholder Futuris Corporation Ltd as it exits its current tourism portfolio.
Subiaco-based Ironbark Gold Ltd has taken a 5.4 per cent stake in West Perth-based gold explorer Sabre Resources, through the purchase of 4 million shares in the company worth around $2 million.
Midvale-based scientific instrument manufacturer XRF Scientific Ltd has announced plans to raise over $1.1 million through the issue of 23.7 million shares at five cents each to shareholders on a one for three basis.
Balcatta-based Carnavale Resources Ltd will acquire two Brazilian iron ore tenements for around $4.5 million from Puma Metals Mineracao Ltda, the company has announced.
Shares in iron ore explorer Midwest Corporation Ltd have soared by more than 30 per cent after rival Murchison Metals Ltd made a takeover bid worth up to $986.3 million.
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A Perth company that has developed a revolutionary new method of extracting copper, nickel and other base metals from ore is pursuing a stock market listing through a reverse takeover of newly listed explorer Trajan Minerals Ltd.
Mining companies are urging the state government not to squander the current resources boom, as mineral exploration expenditure in WA hits a 20-year high.
While the gold sector in Western Australia has long led the way in exploration spending, iron ore exploration expenditure has jumped significantly in recent years to be to almost level pegging.
ISS Group Ltd managing director Shane Atwell has increased his indirect interest in the company through the conversion of 6.2 million unlisted options valued at $1.5 million.
BIBRA Lake-based Reclaim Industries Ltd has been awarded a $567,500 grant to establish a tyre recycling and re-processing facility in Adelaide, which it says will be the first of its kind in South Aus
