Edited announcement

Perth-based minerals explorer Northern Star Resources Ltd will allow West Perth uranium explorer U308 Ltd to earn a 75 per cent interest in the uranium rights of its tenements for $200,000 per year - and for carrying the company to completion of a feasibi

Canning Vale-based drilling, blasting and exploration contractors Ausdrill Ltd has recorded a 51 per cent first half profit increase, recording a net profit after tax of $13.7 million.

West Perth-based property developer Cedar Woods Properties Ltd has reported a record first half net profit of $13.8 million, a 39 per cent increase on the previous corresponding period.

Perth-based investment company Orion Equities Ltd (formerly Central Exchange) and resources explorer Strike Resources Ltd have announced plans to spin-off their uranium assets into a new company, aiming to list on the ASX.

West Perth-based mineral explorer Equinox Minerals Ltd will raise $192 million through a scrip offer to a group co-led by Sprott Securities and CIBC World Markets Inc.

West Perth-based Energy Ventures Ltd subsidiary African Energy Resources (Guernsey) Ltd will raise $651,000 through the final tranche of aseed placement to investors of shareholder African Lion 2 Ltd.

Jolimont-based precious and base metals explorer De Grey Mining Ltd has raised $3.3 million for working capital through a placement, ahead of further exploration at its Turner River project.

Henderson-based ship-builder Austal Ltd has announced a half-yearly net profit of $19.4 million, an increase of 4.3 per cent over the previous corresponding period.

Perth-based burns treatment developer Clinical Cell Culture Ltd, or C3, has announced that lower-than-expected sales and approval delays will keep it from reaching its $5-7 million revenue target for the 2007 financial year.

Perth-based iron ore hopeful Australasian Resources Ltd managing director Darren Hedley has called on shareholders to be patient as negotiations continued over long-term project development options.

Leederville-based mining company Fox Resources Ltd has signed an off-take agreement with China's Jinchuan Group Ltd, allowing Fox to sell a bulk concentrate of both nickel and copper.

West Perth-based uranium explorer Uran Ltd has raised $2 million through a share placement to fund feasibility studies of Ukraine and Czech uranium assets.

The state government has responded to a new federal governmet road funding plan by calling for an increased share of the funds.

Perth technology company Intellect Holdings Ltd announced today it had resumed talks with New Zealand's Cadmus Technology Ltd over a merger of the two businesses.

West Perth-based Eastland Medical Systems Ltd's South African subsidiary Eastland Medical Systems South Africa Ltd will produce anti-malaria medication for the entire continent under a new agreement with Star Medical (Botswana) Ltd.

West Perth-based mineral explorer Equinox Minerals Ltd's Zambian subsidiary Lumwana Mining Company Ltd has signed a five year sale agreement for 55 per cent of its copper concentrates with a Chinese joint venture company.

Marine services company Mermaid Marine Ltd has reported a sharp increase in net profit to $6.3 million for the half-year to December 2006, up from $1.5 million in the previous corresponding period.

Subiaco-based uranium explorer Deep Yellow Ltd will offload its Napperby uranium project in the Northern Territory to South Australian uranium hopeful Toro Energy Ltd for around $2.3 million and a share issue, the company announced today.

Nedlands-based pharmaceutical company PharmAust Ltd has secured approval from Australia's Therapeutic Goods Administration for its generic version of the cholesterol lowering drug Simavastatin.

Western Australian agricultural producers are the most optimistic about the prospects of the March quarter, according to the Westpac and Charles Sturt University Agribusiness Index.

Fremantle-based mineral explorer Andean Resources Ltd will raise $9.8 million though a share placement to fund exploration at its Cerro Negro gold project in Argentina, ahead of listing on the Toronto Stock Exchange.

West Perth-based metals explorer Azure Minerals Ltd has raised $1.2 million through a placement to investors, raising money for the expansion of its Mexican resources projects.

Property Council of Australia (WA) director Joe Lenzo has hit back at Government claims their growth plan for the South West of WA lacked financial accountability, saying it was 'nit-picking' over details.

West Perth diamond developer and producer Dwyka Diamonds Ltd subsidiary Supermix Mining Ltd has been awarded a 17-month concrete supply contract worth around $4.2 million.

The State Government will spend more than $300,000 to conduct a series of gasification trials on Coal from Collie.

Site preparation for the controversial BGC Brickworks is expected to commence shortly, Westralia Airports Corporation has announced.

Kwinana-based titanium production joint venture Tiwest participants Tronox WA Ltd and Yalgoo Minerals Ltd will increase the plant's annual production by 10,000 tonnes, costing up to $58.1million, the companies announced today.

Welshpool-based contracting group Macmahon Holdings Ltd has secured a three-year extension to its underground mining contract at BHP Billiton's Leinster Nickel Operation, a deal worth around $90 million.

Busselton-based Jensen Jarrah Pty Ltd and Yallingup-based John Streater Fine Furniture have both received State Government grants to fund develoments in product design and plant facilities, Industry and Enterprise Minister Francis Logan announced today.

The proposed $2 billion Square Kilometre Array radio telescope site, an international project WA has spent $4 million to attract, has been moved to Boolardy Station - addressing conflicts with mining companies, Premier Alan Carpenter announced today.

South Perth-based energy company Aviva Corporation Ltd will spend around $650,000 to acquire a 90 per cent joint venture interest in Botswana-based Mawana Minerals Ltd's Mmamantswe Coal Project, the company announced today.

Perth-based minerals investor Mineral Securities Ltd will join fuel additives manufacturer Firepower by setting up shop in the British Virign Islands in a proposed company restructure supported by possible merger partner Scarborough Minerals plc.