Highlights
• Geothermal Resource of 780,000 PJ established at Parachilna Project
• World’s first compliant ‘hot rock’ estimate, based on the new Code for Reporting
• Located 150 km north of Port Augusta, and intersected by the Power Grid
• Substantial commercial advantage over projects unsupported by infrastructure
• 1200 km2 area identified, heat anomaly open to north and south
• Potential for Parachilna to be developed into a substantial geothermal field
Torrens Energy today announced the results of its resource estimation work, completed for drilling results returned earlier this year.
This represents the world’s first ‘hot rock’ Inferred Resource estimate to comply with the recently endorsed Australian Code for Reporting of Exploration Results, Geothermal Resources and Geothermal Reserves (2008 Edition).
The estimate of ‘stored heat’ was independently derived using data collected from recently completed drilling by Torrens Energy, at the Parachilna Project in South Australia. An Inferred Resource Statement was completed by independent experts, Hot Dry Rocks Pty Ltd.
Integration in Exploration and Exploitation
London, 21st January
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