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Severe, un​usual weather likely to cause damage

A bout of wild weather is due to hit the South West on Tuesday, according to the Bureau of Meteorology. Photo: Jarred McGill

The Bureau of Meteorology has issued a warning to residents across the South Western corner of the state, branding the next bout of winter weather as “unusual” and “likely to cause damage to homes.”

The front is expected to be windier than a typical front and to affect a larger area than usual at this time of year.

The bureau warned that travel would be dangerous during the weather activity and that properties were likely to be damaged in the high winds.

In south west WA, it is likely to produce the kind of weather that is only seen about five times per year.

A strengthening northerly flow ahead of a strong cold front will cause winds and rain to increase from late Monday along the west coast.

The strong cold front will move through during Tuesday, with damaging winds with gusts to 100 kilometres per hour possibly resulting in damage to homes and propert..

A bout of wild weather is due to hit the South West on Tuesday, according to the Bureau of Meteorology. Photo: Jarred McGill

The Bureau of Meteorology has issued a warning to residents across the South Western corner of the state, branding the next bout of winter weather as “unusual” and “likely to cause damage to homes.”

The front is expected to be windier than a typical front and to affect a larger area than usual at this time of year.

The bureau warned that travel would be dangerous during the weather activity and that properties were likely to be damaged in the high winds.

In south west WA, it is likely to produce the kind of weather that is only seen about five times per year.

A strengthening northerly flow ahead of a strong cold front will cause winds and rain to increase from late Monday along the west coast.

The strong cold front will move through during Tuesday, with damaging winds with gusts to 100 kilometres per hour possibly resulting in damage to homes and property.

The threat of damaging winds will extend eastwards to include southern inland parts during Tuesday.

There is a slight risk of dangerous gusts in excess of 125 kilometres per hour that could cause significant damage or destruction to homes and property in localised coastal areas between Bunbury and Walpole late Monday and again during Tuesday morning with the passage of the front.

Tides are likely to rise above the normal high tide mark with very rough seas and potential flooding of low-lying coastal areas during Tuesday, particularly in the Geographe Bay area.

Damaging surf conditions are likely which may cause beach erosion in coastal areas between Jurien Bay and Walpole, particularly in Geographe Bay from late Monday night.

The heaviest rainfall is expected in coastal parts between Jurien Bay and Walpole with only light rainfall over eastern inland parts of the warning area.

The Department of Fire and Emergency Services advises that people should:

  • If outside find safe shelter away from trees, power lines, storm water drains and streams.
  • Close your curtains and blinds, and stay inside away from windows.
  • Unplug electrical appliances and do not use land line telephones if there is lightning.
  • If boating, swimming or surfing leave the water.
  • Be alert and watch for hazards on the road such as fallen power lines and loose debris.
  • Keep away from flooded drains, rivers, streams and waterways.
  • Be careful of fallen trees, damaged buildings and debris.
  • Be careful of fallen power lines. They are dangerous and should always be treated as live.
  • Assess your home, car and property for damage.
  • If damage has occurred take photos and contact your insurance company to organise permanent repairs.
  • If your home or property has significant damage, like a badly damaged roof or flooding, call the SES on 132 500.

Visit www.emergency.wa.gov.au, call 13 DFES (13 3337) to stay up to date with weather warnings.

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Australia

Great Western Exploration appoints executive chairman

Great Western Exploration Limited ASX:GTE) has appointed current non-executive chairman Kevin Somes to the position of executive chairman effective immediately.

Somes has agreed to assume the role as executive chairman with no increase to his non-executive remuneration package of $55,000 per annum plus superannuation.

Other appointments[hhmc]
Jordan Luckett has stepped down as managing director for personal reasons but will continue to provide support in his new role as technical direRead More – Source

[contf]
[contfnew]

Proactiveinvestors
[contfnewc]
[contfnewc]

Great Western Exploration Limited ASX:GTE) has appointed current non-executive chairman Kevin Somes to the position of executive chairman effective immediately.

Somes has agreed to assume the role as executive chairman with no increase to his non-executive remuneration package of $55,000 per annum plus superannuation.

Other appointments


Jordan Luckett has stepped down as managing director for personal reasons but will continue to provide support in his new role as technical direRead More – Source

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Australia

Pure Minerals receives coverage from Independent Investment Research

Pure Minerals Ltd (ASX:PM1) has received research coverage from Independent Investment Research (IIR).

The 22-page report goes into detail regarding the proposed Townsville Energy Chemical Hub (TECH) Project in Queensland.

The report notes the building blocks are coming together quickly for the TECH Project with the pre-feasibility study (PFS) completed in December 2019 as well as the recently completed high purity alumina (HPA) scoping study.

Share price at deep discount to project's estimated NPV[hhmc]
Using a share price of 1.9 cents, the company has a market capitalisation of $16.1 million.

While the report does not designate a share price target, it does estimate a net present valuation (NPV) for the proposed TECH Project of between $47 million and $585 million.

The research firm does note the valuation relies on a number of factors including PFS assumptions and project approvals.

The following is an extract from the report:

VALUATION VERY SENSITIVE, BUT PRICE TREND PO..

Pure Minerals Ltd (ASX:PM1) has received research coverage from Independent Investment Research (IIR).

The 22-page report goes into detail regarding the proposed Townsville Energy Chemical Hub (TECH) Project in Queensland.

The report notes the building blocks are coming together quickly for the TECH Project with the pre-feasibility study (PFS) completed in December 2019 as well as the recently completed high purity alumina (HPA) scoping study.

Share price at deep discount to project's estimated NPV


Using a share price of 1.9 cents, the company has a market capitalisation of $16.1 million.

While the report does not designate a share price target, it does estimate a net present valuation (NPV) for the proposed TECH Project of between $47 million and $585 million.

The research firm does note the valuation relies on a number of factors including PFS assumptions and project approvals.

The following is an extract from the report:

VALUATION VERY SENSITIVE, BUT PRICE TREND POSITIVE

If we include the deferred consideration shares, Pure Minerals at A$0.019/sh would have a market capitalization of A$16.1M. Our NPV for the NiCo plant ranges from A$47M using the cycle price lows of the last three years to A$585M using cycle price highs over the last three years, and A$241M assuming current spot prices flat in real terms forever. The HPA bolt-on is additional value. These valuations are for the project only, and take no account of the cost of corporate overheads, nor of financing diRead More – Source

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Australia

Pure Minerals gains new substantial holder in managing director John Downie

Pure Minerals Ltd (ASX:PM1) has gained a new substantial holder in managing director John Downie.

Downie now holds 40.78 million shares increasing his stake in the company to 6.83%.

High-purity alumina (HPA) scoping study adds value[hhmc]
Pure recently received results for a scoping study evaluating the production of high-purity alumina (HPA) from its Townsville Energy Chemicals Hub (TECH) Project in Queensland.

The scoping study assessed the production of 4N HPA on a standalone basis, using the aluminium hydroxide as a feedstock.

This scoping study followed the December 2019 pre-feasibility study (PFS) on the TECH Project which identified the production of HPA as a key value-add opportunity for the project.

A 25-year operation producing 4,007 tonnes per annum (tpa) of 4N HPARead More – Source

[contf]
[contfnew]

Proactiveinvestors
[contfnewc]
[contfnewc]

Pure Minerals Ltd (ASX:PM1) has gained a new substantial holder in managing director John Downie.

Downie now holds 40.78 million shares increasing his stake in the company to 6.83%.

High-purity alumina (HPA) scoping study adds value


Pure recently received results for a scoping study evaluating the production of high-purity alumina (HPA) from its Townsville Energy Chemicals Hub (TECH) Project in Queensland.

The scoping study assessed the production of 4N HPA on a standalone basis, using the aluminium hydroxide as a feedstock.

This scoping study followed the December 2019 pre-feasibility study (PFS) on the TECH Project which identified the production of HPA as a key value-add opportunity for the project.

A 25-year operation producing 4,007 tonnes per annum (tpa) of 4N HPARead More – Source

Continue Reading

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