longer term holders will remember how wet weather curtailed a lot of field work at the Greater Duchess project in the 2024 first half.
as for this year, the company isn't out of the woods yet, with record breaking rains and flooding reported in the Townsville region in recent days, with these expected to move into the Gulf country in coming days.
it isn't clear what the impact on CNB field operations will be.
here's how Steve Turton, an Adjunct Professor of Environmental Geography at Central Queensland University, based on the Sunshine Coast, Queensland, saw the immediate outlook for the monsoon in an article posted yesterday in The Conversation.
STEVE TURTON:
"This year’s latest ever monsoon
"This year, sea surface temperatures in the northwest Coral Sea are 1-2°C above average. Ocean temperatures have risen because of a lack of cloud cover and rain last month.
"In northwestern Australia, this has given rise to an intensifying marine heatwave.
"This ocean heat is likely to be driven by the Australian monsoon’s latest ever arrival.
"The monsoon brings heavy rains to northern Australia, triggering the wet season. When it arrives, sea surface temperatures generally drop due to a combination of high cloud cover and the cooling effect of rainwater.
"After a slow start, the North Australian monsoon season is now in full swing.
"The Bureau of Meteorology is monitoring an active monsoon trough for any low pressure systems, which may develop into tropical cyclones over the next week or so.
" If any cyclone does form, it will gain energy from warmer than usual sea surface temperatures.
"What’s next for north Queensland?
"The flood emergency in north Queensland is far from over. All global circulation models predict heavy rain to continue in the region, extending up towards Cape York and the Gulf Country as an active monsoon surge moves in from Indonesia."
CNB Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
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