Winmar Resources has appointed a division of New York investment bank Rodman & Renshaw to find a strategic partner for the Hamersley iron ore project in Western Australia. Winmar has an option to acquire 100 per cent of project from Cazaly Resources for $35 million and a royalty on future production. Luke Forrestal

Auzex Resources said one of its major shareholders, Baker Steel Capital Managers, had indicated it would reject GGG Resources ’ takeover offer for Auzex. Baker Steel, which holds 9.3 per cent of Auzex and 10.2 per cent of GGG, has urged both companies to work towards a friendly merger to consolidate ownership of the Bullabulling gold project in Western Australia. Luke Forrestal