Western Desert Resources

West Perth based Washington Resources has signed a joint venture agreement with exploration company Western Desert, allowing Western Desert to explore one of its Northern Territory tenements.

Perth-based iron ore explorer Western Desert Resources will raise up to $17 million through a share placement and rights issue for the development of its Roper Bar iron ore project in the Northern Territory.

Western Desert Resources has announced it has completed a $12 million share placement to fund further exploration and development of its Roper Bar iron ore project in the Northern Territory.

Mining services company Ausdrill may be $8 million out-of-pocket after Western Desert Resources announced it had fallen into the hands of administrators on Friday.

The Department of Mines and Petroleum is seeking to recover about $11 million in unpaid royalties amid producer disquiet about possible royalty rate increases.

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