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We would never forgive ourselves – Margaret River Pro cancelled

The 2018 Margaret River Pro has been cancelled, with the World Surf League citing the risk of shark attack on competing surfers as the reason behind the decision.

Two attacks on surfers – one an employee of the competition – were reported on Monday morning, with the event halted temporarily while a safety assessment was made.

Unfavourable conditions had paused competition during Tuesday and surfing was expected to continue later in the week until the cancellation was announced.

“Today, the WSL has made the difficult decision to cancel the remainder of the Margaret River Pro, as a result of exceptional circumstances surrounding this season's event regarding sharks and the safety of our surfers,” said WSL chief executive Sophie Goldschmidt in a statement released on Wednesday morning.

She said the decision had been reached after “many hours of consultation with a variety of stakeholders and experts.”

“The WSL puts the highest premium on safety. This cannot be just talk, and it..

The 2018 Margaret River Pro has been cancelled, with the World Surf League citing the risk of shark attack on competing surfers as the reason behind the decision.

Two attacks on surfers – one an employee of the competition – were reported on Monday morning, with the event halted temporarily while a safety assessment was made.

Unfavourable conditions had paused competition during Tuesday and surfing was expected to continue later in the week until the cancellation was announced.

“Today, the WSL has made the difficult decision to cancel the remainder of the Margaret River Pro, as a result of exceptional circumstances surrounding this season's event regarding sharks and the safety of our surfers,” said WSL chief executive Sophie Goldschmidt in a statement released on Wednesday morning.

She said the decision had been reached after “many hours of consultation with a variety of stakeholders and experts.”

“The WSL puts the highest premium on safety. This cannot be just talk, and it cannot be compromised.

“Surfing is a sport that carries various forms of risk, and is unique in that wild animals inhabit our performance environment.”

Competing surfers Italo Ferreira and Gabriel Medina yesterday voiced their concerns on social media, saying they did not feel safe training or competing in the location.

Ms Goldschmidt said that the risk of sharks in the water was something surfers were familiar with.

“Sharks are an occasional reality of WSL competitions, and of surfing in general,” she said.

“Everyone associated with our sport knows that. There have been incidents in the past – and it's possible that there will be incidents in the future – which did not (and will not) result in the cancellation of an event.

“However, current circumstances are very unusual and troubling, and we have decided that the elevated risk during this season's Margaret River Pro has crossed the threshold for what is acceptable.”

WSL chief executive Sophie Goldschmidt

”We are committed to being as prepared as possible for what nature throws at us.

“However, the threshold has been crossed for the organization and if we decided to continue the event under the current circumstances, and something terrible were to take place, we would never forgive ourselves.”

Ms Goldschmidt acknowledged the impact the cancellation would have on the local community and spectators as well as the surfers themselves.

“We are painfully aware that this decision will have commercial ramifications for the local community, and will disappoint some of our partners, fans and athletes. We sincerely regret that.

“We are not giving up yet on somehow completing both men's and women's competition this year, and will communicate our thoughts on that when we know more.

“Margaret River is a special venue, with incredible partners. It has produced many memorable moments over the years, and at the moment we have no plans not to return in the future.”

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Australia

Argonaut Resources directors show faith in company by participating in oversubscribed SPP

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Independent non-executive chairman Malcolm Richmond acquired more than 5.454 million shares in a direct interest, increasing the number held in this interest to almost 15 million with another 1 million held in an indirect interest.

Overwhelming response to SPP[hhmc]
The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money ..

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Independent non-executive chairman Malcolm Richmond acquired more than 5.454 million shares in a direct interest, increasing the number held in this interest to almost 15 million with another 1 million held in an indirect interest.

Overwhelming response to SPP


The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money raised under this SPP and from the recently completed $2.7 million share placeRead More – Source

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Australia

Strickland Metals shares jump 39% ahead of drilling base metal target near DeGrussa

Strickland Metals Ltd (ASX:STK) shares surged 39% today ahead of its maiden drilling program at the Doolgunna Project, which will include a diamond drilling program that is likely to begin by the end of this month.

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey[hhmc]
Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The target for drilling is a compelling base metal prospect that exhibits geological characteristics that are interpreted to be similar to Sandfire Resources’ DeGrussa deposit about 30 kilometres to the east of the project.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilomet..

Strickland Metals Ltd (ASX:STK) shares surged 39% today ahead of its maiden drilling program at the Doolgunna Project, which will include a diamond drilling program that is likely to begin by the end of this month.

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey


Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The target for drilling is a compelling base metal prospect that exhibits geological characteristics that are interpreted to be similar to Sandfire Resources’ DeGrussa deposit about 30 kilometres to the east of the project.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilometre strike.

Diamond core drilling


The company plans to start the diamond core drilling by the end of this month.

A multi-purpose drill rig has been contracted to enable the minimum planned program wRead More – Source

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Australia

Pan Asia Metals has positive discussions on plans for Thai lithium project

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

PAM has submitted a presentation covering all aspects of the project including methods of ongoing exploration, conceptual mining and concentrate production, and the potential for downstream value-adding industries in Phang Nga and Thailand.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions[hhmc]
Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Ng..

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

PAM has submitted a presentation covering all aspects of the project including methods of ongoing exploration, conceptual mining and concentrate production, and the potential for downstream value-adding industries in Phang Nga and Thailand.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions


Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Nga Provincial Public Works and Town Planning Office.

Phang Nga Provincial Industry head has been appointed by the Phang Nga governor as chairman of the Phang Nga New Town Planning Committee.

During the meeting, the chairman of the committee conveyed its support for the Reung Kiet Lithium Project.

PAO wants to ensure that the requirements of the Reung Kiet project are incorporated into the town planning committee’s zoning plans to ensure that the project can progress once exploration and feasibility results prove positive.

“Can bring opportunities”


PAM managing director Paul Lock said: “We have been working hard in Phang Nga province and we are very happy with the positive reception that the Reung Kiet Lithium Project is receiving from the Phang Nga Provincial Government and surrounding communities.

“Reung Kiet is strategically located and based on peer feasibility work the project is positioned to potentially be one of the lowest-cost suppliers of lithium chemicals in the global peer group.

“This is a project that can bring substantial opportunities and value to Phang Nga and Thailand.”

Pan Asia is planning its second Reung Kiet drilling program with expectations that this will begin in the coming months following the conclusion of the current Khao Soon drilling program.

Potential cost curve leader


Reung Kiet is a hard rock project with lepidolite rich pegmatites chiefly composed of quartz, albite and lepidolite with minor cassiterite and tantalite as well as other accessory minerals including some rare earth.

Lepidolite does not require roasting and has a suite of by-products which are recoverable at the concentrator and processing stages of the flow sheet.

Peer feasibility work has Read More – Source

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