I'll be as generous as I can with the geothermal part of the release... It's nice to have high aims, and 10 MW is a nice-sized power plant, 100 MW even nicer, and 300 MW is the nicest.. but... I think that the probability of finding sufficient temperature and flow-rate in the Millungera Basin to support these aims is very low. Permeability is the key character required here and I just don't see enough of it anywhere in Australia.
Binary geothermal power plants of this scale today are found in the active extensional basin-and-range provinces of the western USA and western Turkey - not in the solid, old, stable Australian continent.
I think GRV has been misled by the GSQ report. They have failed to realise it was written at a time when deep, basement EGS was in fashion, and using a series of assumptions about how the heat-in-place would be accessed. Its results cannot therefore be applied to complete different styles of geothermal resource, such as a shallow sedimentary aquifer or open fault systems which GRV would be targeting.
- Forums
- ASX - By Stock
- Ann: Development Roadmap for Queensland Projects
GRV
greenvale energy ltd
Add to My Watchlist
5.00%
!
3.8¢

I'll be as generous as I can with the geothermal part of the...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
3.8¢ |
Change
-0.002(5.00%) |
Mkt cap ! $20.68M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.8¢ | $608 | 15.78K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 94711 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 73039 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 94711 | 0.038 |
1 | 20000 | 0.037 |
2 | 78850 | 0.036 |
1 | 60000 | 0.035 |
1 | 100000 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 73039 | 1 |
0.042 | 1613 | 1 |
0.044 | 60000 | 1 |
0.045 | 241924 | 2 |
0.046 | 50000 | 1 |
Last trade - 15.37pm 19/06/2025 (20 minute delay) ? |
Featured News
GRV (ASX) Chart |
The Watchlist
RML
RESOLUTION MINERALS LTD
Craig Lindsay, In-Country CEO
Craig Lindsay
In-Country CEO
SPONSORED BY The Market Online