The company says the measurement of 129 milliwatts per square metre provides further confidence in the economic viability of the thermal resource, interpreted to be at a depth of 3.5-4km.
“This heat flow is amongst the highest recorded in Australia and is more than double the global average,” the company said.
In addition, the company says it has secured another geothermal exploration licence in South Australia, which it believes covers the remainder of the Paralana geothermal resource.
This new tenement brings the company’s total acreage position to about 2000 square kilometres.
Petratherm estimates the Paralana geothermal resource has the potential to yield 13,000 megawatts of power, more than eights times South Australia’s average daily capacity need.
