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Debate over impact of pro cancellation

The cancellation of the Margaret River Pro could leave local businesses at a financial loss, according to Margaret River Chamber of Commerce and Industrys Rebecca Young.

The international surfing event was cancelled on Wednesday, April 18 after surfers were concerned for their safety following two shark attacks in one day.

After the announcement, tourism minister Paul Papalia said WA would not be worse off financially from the cancellation.

Ms Young said alot of local businesses rely on busy periods to help get them through quieter months.

“Every day that the pro is on the influx of visitors are spending their money at our local shops, restaurants and accommodation providers.

“So to have it suddenly finish half way through creates a very real risk of lost customers, which will undoubtedly hurt local small businesses.”

Ms Young said events like the pro were an important part of the region's economic development strategy and it was not good news for local business when they w..

The cancellation of the Margaret River Pro could leave local businesses at a financial loss, according to Margaret River Chamber of Commerce and Industrys Rebecca Young.

The international surfing event was cancelled on Wednesday, April 18 after surfers were concerned for their safety following two shark attacks in one day.

After the announcement, tourism minister Paul Papalia said WA would not be worse off financially from the cancellation.

Ms Young said alot of local businesses rely on busy periods to help get them through quieter months.

“Every day that the pro is on the influx of visitors are spending their money at our local shops, restaurants and accommodation providers.

“So to have it suddenly finish half way through creates a very real risk of lost customers, which will undoubtedly hurt local small businesses.”

Ms Young said events like the pro were an important part of the region's economic development strategy and it was not good news for local business when they were cancelled half way through.

“If the perception that our beaches are not safe infiltrates the market, then yes, there's a chance that visitor numbers will decline and this will in-turn hurt the local economy,” she said.

“We really need the state government supporting our region and efforts to promote it.”

The Tourism Minister has his head in the sand – the impact to the local economy and tourism industry long term is undeniable. We need a proper shark mitigation strategy before more damage is done.— Libby Mettam (@LibbyMettam) April 18, 2018

Warren Blackwood MLA Terry Redman said he could not see the cancellation of the Margaret River Pro not having an impact on the region.

Mr Redman said the bigger issue for the state government was whether the WSL would keep Margaret River on the circuit following the two shark attacks.

He said the government needed to make a decision on taking more action on shark mitigation strategies to keep Margaret River on the WSL circuit.

Mr Redman spoke to the WSL vice president in the US on Wednesday morning who informed him that the decision to cancel the Margaret River event was largely based on the two attacks and beached whales in the area.

These issues will play a big factor on whether the WSL will continue to keep Margaret River on the tour, Mr Redman said.

“This puts the ball in the governments court to consider action on sharks in order to keep the event in Margaret River, appropriate actions need to be in place at a level that is satisfactory to the WSL,” he said.

“We cannot ignore what happened socially, economically or environmentally.”

Cancellation of the Margaret River Pro is the fifth event in last 12 months to be cancelled because of sharks. How many more events will be compromised before the McGowan Government takes action? Our reputation as a safe, world-class tourism and event destination is at stake.— Libby Mettam (@LibbyMettam) April 18, 2018

Water Patrol Australia head Perry Hatchett works with Surfing WA to provide jet ski assistance during surfing events from Geraldton to Denmark including the Margaret River Pro.

Mr Hatchett said this was the first time this type of situation had occurred, and it did not help when surfers went into the water at Gracetown after great whites and a dead whale had been spotted.

Water Patrol Australia had seven jet skis on the water at the pro and were in contact with the Westpac Surf Life Saving WA helicopter telling them what was happening.

“It is a bit of a bummer for something like this to happen. It is only the second time a pro event has been cancelled, the other one was in Portugal and because of fog,” he said.

“We were already to go on Wednesday morning with extra skis, there would have been eight or nine in the water, a chopper and a drone.

“It is just a shame.”

Mr Hatchett said at last years event a buoy system was also used to help detect sharks but could not be used this year because of the strong swell.

“Moving forward we need to push down that route, as well as have skis in the water,” he said.

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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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