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KUTh ENERGY LIMITED - ASX: KEN
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Description
KUTh Energy Limited was formed in 2005 to explore for sites in Tasmania suitable for Enhanced Geothermal power generation and the company is also looking in other states and overseas for geothermal resources. Tasmania, in line with the rest of Australia, is forecast to need around 50% more power over the next quarter century. The state’s hydroelectric power generation has little opportunity for expansion and is, on occasions, constrained by drought. Some wind farms have been installed but these are weather dependent and not without environmental problems. A study of Tasmanian geology indicates that the state is very well placed to provide EGS generation.
TASMANIA
KUTh Energy's exploration strategy for the Tasmanian project is to undertake a comprehensive exploration program that combines a range of modern field geology and geophysical techniques. The eastern Tasmanian granitic suite will be followed at depth using geophysical survey methods such as gravity, magnetotelluric, aeromagnetic and seismic surveys. All results of these will then be used to more accurately target the most promising initial production zone and to develop a detailed 3D model of the thermal reservoir. The existence of a modelled potentially economic thermal reservoir will enable the drilling of a deep (>4km) hole to test and refine the model, with positive confirmation at this stage leading to drilling a production well and subsequent injection well in preparation for proof of concept circulation and commercial upscale.
Primary tenement - SEL26/2005
This tenement was granted in 2005 and comprises 12,360 km2. Securing this SEL enabled the commencement of exploration activities to assess prospective geological structures and the potential for geothermal energy generation in eastern Tasmania. The tenement also includes metropolitan and industrial areas of Tasmania, such as Hobart, Launceston and the Tamar Valley.
Additional tenements - SEL45/2007 & SEL57/2008
SEL45/2007 (granted in 2007) is located to the south of the main tenement covering the south eastern urban areas of Tasmania. SEL57/2008 (granted in 2009) adjoins SEL26/2005 to the west covering the Great Lakes region. These two tenements bring the total exploration area in Tasmania to 18,151 km2.
QUEENSLAND
Due particularly to its high level of mining activity and promising geothermal resource potential in certain areas, we have identified Queensland as a target for KUTh Energy's continued exploration and project development activities. EPG 7 and EPG 9 were granted in January 2010. Each tenement covers an area of approximately 600km2. Work will now commence on the detailed data compilation and analysis required for the planning of reconaissance exploration programs on these tenements. These Exploration Permits for Geothermal (EPG), EPG 7 and EPG 9, are characterised as follows:
Jackin Creek- EPG7
EPG 7 is located at Jackin Creek, near Weipa on the Cape York penninsula. Jackin Creek is capped by a hot artesian/sub artesian water system in Mesozoic rocks overlying an altered mineralised granite basement. Temperature gradients in the Mesozoic section are ~50°C/km. The area lies adjacent to the previous Reserved Area 315 (RA315) containing bauxite. Chalco, a Chinese aluminium company, recently successfully bid for RA315 which is expected to form the basis for a $3b investment in Queensland. Bauxite is also mined at Weipa to the north. Approximately 1km of Mesozoic sediments overlie an altered granite basement. The temperature gradient is ~50°C/km in the sediments as measured in petroleum wells, e.g. Jackin Creek #1. Groundwater is artesian and hot.
Eveleigh- EPG9<
EPG 9 is located at Eveleigh, to the north of Einasleigh. This area lies immediately south of Tallaroo Hot Springs, one of the hottest springs in North Queensland at 70°C. The general area contains volcanics as young as 50,000 years with a major centre at Mount Surprise to the east of the permit area. Other areas in North Queensland have volcanics as young as 10,000 years. The geology is complex with at least two possible heat sources but as a starting model it is assumed that the thermal activity is related to the young volcanics. The hot springs seem to be associated with the north western margin of a caldera some 30km across extending towards Mt Surprise.
GLOBAL EXPLORATION
KUTh Energy has dedicated specialist resources applied to both investigating and developing overseas projects across these geothermal technology types. Our approach is not limited by any specified region, and we are actively investigating potential projects that combine a promising geothermal energy resource and favourable market demand opportunities. To date, KUTh Energy has focused its investigations on the South West Pacific region, given its known geothermal resources within a conventional (hydothermal) context, and potential to provide diesel replacement or direct mining/industrial offtake in these developing markets. Current projects under assessment include Vanuatu, Fiji and Papua New Guinea.
Mine For
geothermal
Location of operation(s)
Tasmania, Queensland
Address
Level 57, MLC Centre, 19-29 Martin Place
SYDNEY, NSW, AUSTRALIA
Phone
+61 2 9238 6865
Website
Last Updated
11/03/2010
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.