TEY 0.00% 3.5¢ torrens energy limited

780k pj inferred resource

  1. deg
    200 Posts.
    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 km 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

    more on report released today 20 august
 
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