Company overview
Our focus is the exploration and development of geothermal heat resources to provide renewable power for the future.
The company was incorporated in May 2007 and listed on the ASX in September 2007. In the company’s short history, it has developed an active program of exploration and project development focused on establishing and commercialising geothermal power generation. 'KUTh Flyer'.
Key projects include:
Tasmania
Our flagship project is focused on the development of an Enhanced Geothermal System (EGS) for large- scale base-load power generation. KUTh Energy1 has secured tenements covering a large portion of eastern Tasmania, and has undertaken a comprehensive geological and geophysical exploration program toward identifying key geothermal resources. The company has issued two Inferred Resource announcements to the Australian Stock Exchange identifying two drilling targets; one in the central midlands of Tasmania and the other in north-east Tasmania in the Nicholas Fingal area.
Simplified representation of an Enhanced Geothermal System.
Queensland
We have been issued two geothermal licences in Queensland at Jackin Creek near Weipa and another at Eveleigh near Georgetown and the Talaroo hot springs. Preliminary exploration programs will be undertaken on these sites in 2010-11.
Vanuatu
The company has three geothermal exploration licences in Vanuatu and has already completed magnetotelluric (MT) studies on the Takara Licence area. Good progress has been made on the exploration program and in engagement with government, community and other stakeholders in the electricity sector. The company has also signed a Memorandum of Understanding with the power utility and is seeking to accelerate the development of this project.
Global
As part of our portfolio development, KUTh Energy continues to look at geothermal prospects where we can leverage the skills of our team and develop pathways to earlier income streams. We are actively investigating potential projects that combine a promising geothermal energy resource and favourable market economics.
To date, the company has initially focused its global investigations on the South West Pacific region and specifically at diesel replacement opportunities. It will continue to explore broad opportunities where the economics of diesel replacement and the presence of geothermal resources provide a compelling case for project investigation.
The company’s core capability resides in geothermal exploration and project development. We maintain collaborative partnerships with key players along the geothermal value chain to ensure a focused and appropriately skilled approach to our exploration and development activities. We continue to build a small but expert in-house team to strengthen our unique knowledge base and ensure a sustainable and scientific approach to our development programs.
1 Pronounced kooth and derived from elemental symbols K (potassium), U (uranium) and Th (thorium), the heat producing elements in hot granites.