announcement, page-5

New announcement out today

Acquisition of Geothermal Exploration Licence 293
Port Adelaide, South Australia


HIGHLIGHTS
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Additional Geothermal Exploration Licence (GEL 293) offered at Port Adelaide, immediately north of Adelaide, bringing the Company’s total land holding to 17 licence areas for approximately 7,800 km2.
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Highly prospective geology known for high heat flow and coincident insulating sedimentary cover – modelled nearby heat flow measurements show 200°C+ achievable, indicating viable temperatures for hot rock power generation likely.
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Port Adelaide is central to SA’s electricity supply infrastructure and industry. GEL 293 lies within this infrastructure hub, providing a significant commercial advantage over companies exploring in areas that are unsupported by existing power networks.
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GEL 293 encompasses the Pelican Point area which is a prime site for a desalination plant, to help meet Adelaide's critical water needs. Studies show that relatively low geothermal temperatures can be used to desalinate seawater.