South Australia

The Company currently has 18 applications pending in the South Australia.

• These 18 applications cover in excess of 46,000km2.
• South Australia maintains some of Australia’s most promising infrastructure for commercial geothermal production.
• The Company’s applications cover a significant portion of the South Australian Heat Anomaly which hosts significant anomalous targets (the Company is currently prioritizing targets).
• GELA 729 contains active considerable petroleum well data that the Company is in the process gathering this data in the interests of identifying similar opportunities such as GEP 33168.
• The Company has budgeted to spend approximately $3m in exploration expenditure within South Australia over the next 18 months.