Agreed PF. Following is from the 16th June announcement;
Greenvale has applied for areas covering the majority of the sparsely explored Millungera Basin and from the existing available geological information, a potential geothermal resource could lie no deeper than 2km below surface with projected temperatures between 100C -120C.
The geological profile of the Millungera Basin fits with the Company’s geothermal strategy to exploit shallower, lower temperature sources utilising Binary Cycle technology. Binary Cycle systems have the ability to generate geothermal power at lower temperatures via the use of a heat exchange process operating a turbine in a closed loop
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