Western Areas Exploration

The High Court has this morning rejected an application for special leave to appeal in the long-running claim by Western Areas Exploration (WAE) against its former directors Terry Streeter and Davi

TWO prominent directors of Western Areas have pocketed more than $11 million from the sale of shares as unrelated company Western Areas Exploration makes its way on to the share register after a lengthy court battle.

Western Areas has moved to distance itself from chairman Terry Streeter's $65 million court loss last week as the mining identity considers an appeal.

A group of Perth businessmen have won a three-year battle against Western Areas directors Terry Streeter and David Cooper, with the Supreme Court today awarding nearly $65 million to unrelated company Western Areas Exploration.

Western Areas chairman Terry Streeter has sold more than 2 million shares in the nickel miner, generating proceeds of over $7 million.

A Western Australian Supreme Court judge has reserved his decision in the battle between Western Areas NL chairman Terry Streeter and a group of businessmen behind unrelated company Western Areas Exploration.