NRZ 25.0% 0.5¢ neurizer ltd

this company is finished, page-18

  1. 2,913 Posts.
    lightbulb Created with Sketch. 117
    Dear Mr Rann

    Thank you for your swift action in suspending Marathon’s exploration operations indefinitely after the charges against Marathon of unauthorised dumping of waste and contaminated materials were upheld.

    You may remember that we signalled our concerns about Marathon’s operations in our letter to you of 28 January 2008. We were already concerned about a pattern of behaviour that had emerged which, despite the company’s rhetoric, had been cavalier at best and which had been characterised by ongoing breaches of agreed safety procedures and cooperative practices, of which we had advised PIRSA.

    Given that Marathon has now admitted to this significant breach of their licence conditions, including the improper dumping 22,800 bags of low level radioactive material and general waste, the company’s actions clearly belie the veracity of their repeated assurances concerning “commitment to the environment” and to “sustainable exploration”. As similar controversial activities have occurred at other sites, eg at Hodgkinson in the summer of 2005-2006 and near the Myponga reservoir in 2006, we seriously question the future credibility of Marathon’s exploration and mining practices. Operational procedures, rigorous supervision and inscrutable corporate integrity are surely required of any company granted an exploration licence in a Class A Environmental Zone. Instead, Marathon deliberately breached its licence conditions at two sites within the Arkaroola Wilderness Sanctuary. Accordingly, we request in the strongest terms, that you act immediately to put a permanent stop to the Mt Gee project by cancelling Marathon’s licences and imposing a total ban on uranium exploration and mining within the ranges of the Arkaroola Wilderness Sanctuary before further damage and degradation occurs.

    Mining in the heart of an internationally acclaimed wilderness sanctuary is inappropriate and clearly against the national interest. It threatens the unique nature of an area of geological and environmental significance that has been nurtured by the Sprigg family for over 40 years using carefully developed conservation management principles and practices. Allowing mining makes a mockery of Arkaroola’s sanctuary status and its ecotourism credentials. Further, mining will sully the hard won reputation of Arkaroola as an innovative and multi-award winning ecotourism resort, which the SA State government recognises and proudly promotes. Arkaroola welcomes over 25,000 Australian and international visitors annually. Over the past three years Arkaroola has won multiple South Australian Tourism Awards in the Sustainable Tourism, Ecotourism and Major Tourist Attraction categories and was inducted into the Hall of Fame for Ecotourism 2005-2007.

    We are sure that you appreciate that Arkaroola Wilderness Sanctuary is an ecologically sensitive area where any man-made activity leaves a large and lasting footprint. Mining is anathema to its delicately balanced ecology, which is home to several threatened species, such as the yellow-footed rock wallaby, the spider wattle and the bell fruit tree. Furthermore, the region encompassing Arkaroola and the surrounding plains is seriously challenged with respect to ground water. A mining operation such as Marathon proposes (according to the company’s estimates, using 20 times as much water at Heathgate currently uses at the nearby Beverley Uranium mine) would likely have dramatic consequences in this arid zone where recharge of aquifers is erratic at best and where the balance of surface and subsurface water is critical to the survival of plants and animals alike. Finally, mandated attempts to rehabilitate the degradation from mining operations will not guarantee regeneration to pre-disturbance condition, particularly as the effects of climate change are increasingly felt. It follows that mining in the Arkaroola Wilderness Sanctuary will compromise sustainability targets outlined in South Australia’s Strategic Plan.

    Premier, we understand and appreciate that SA needs a mining economy to prosper. However, there are a number of other uranium finds and prospects in South Australia that are not located directly in the middle of a wilderness sanctuary and which do not have the concomitant costs of operating in an extremely sensitive environment. Evidence of a backlash against a uranium mine on the Sanctuary from current visitors has already emerged, representing a potentially significant impact on an exemplary ecotourism operation in the future. The cost of losing this unique gem is too high a price for the world community to pay for the benefit of a few shareholders. We urge you to ban mining in the ranges of the Arkaroola Wilderness Sanctuary.

    Yours sincerely

    Marg and Doug Sprigg
 
watchlist Created with Sketch. Add NRZ (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
0.001(25.0%)
Mkt cap ! $9.512M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $11.37K 2.281M

Buyers (Bids)

No. Vol. Price($)
1 4190 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 2949164 7
View Market Depth
Last trade - 16.10pm 24/07/2024 (20 minute delay) ?
NRZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.