West Leederville explorer CuFe will suspend operations at its mine near Wiluna and sell its iron ore rights, citing challenging market conditions and volatile commodity prices.
West Perth-based Fenix Resources will provide port services to CuFe's iron ore export business under a deal expected to generate more than $10 million in revenue.
GWR Group has become the fourth junior iron ore company to suspend operations or review its strategy in light of the dramatic fall in the commodity's price.
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Calidus Resources is pleased to advise that it has successfully completed the 100% acquisition of the strategic tenement EL45/4555 with Epminex WA Pty Ltd covering an area of 19.2 square kilometres
Perth entrepreneur Mark Lapins is aiming to defy waning investor interest in tech startups, announcing plans for a backdoor listing that values his ‘internet of things' firm, Quantify Technology, at $22 million.
Perth entrepreneurs Tony Sage and Ranko Matic have both hit roadblocks on their path to turn their respective businesses into online gambling companies through reverse takeovers.
Pacific Ore has become the latest backdoor listing hopeful to be held up by the corporate watchdog, though several other companies have moved forward with their reverse takeovers.
Small companies hoping to list on the stock market are facing tougher conditions, with more than a dozen announced deals in Western Australia hitting problems this year and the ASX foreshadowing tighter regulation of new deals.
A local exploration company led by Perth Glory owner Tony Sage is looking to join the wave of backdoor listings and become a gambling platforms provider, while technology company Velpic's reverse takeover of International Coal has reached another milestone.
Shares in iron ore explorer Fe Limited have risen after it announced positive results from initial exploration at its recently-acquired Mt Ida iron ore project in the Yilgarn.
