Company History
In the course of compilation of geological data for its regional mineral
exploration programmes on the Curnamona Craton, Havilah Resources NL became aware
that an area west of its mineral tenements had the key requisite
ingredients for a potential hot rock geothermal energy source.
In contemplation of the energy needs for its proposed development at
Kalkaroo, Havilah applied for a single geothermal exploration licence
(GEL 181) over what it believed was the key area. Subsequently, after
conducting further research it was decided to apply for three adjoining
GELs (208, 209, 210). Owing to concentration on its basemetal and gold
exploration, Havilah does not have the financial resources nor the
specialist technical expertise required to mount a geothermal
exploration programme.
Consequently, Havilah decided to sponsor the formation and public
listing of a new specialist geothermal exploration and development
company, in order to raise new capital for the specific purpose of
exploring for hot rock geothermal energy.
The company listed on the ASX on the 21st March
2006 under the code GHT.
Key Points
- Geothermal energy is a unique form of clean, renewable and continuously
available energy, which will be increasingly in demand in the future.
- The science of generating geothermal energy from deep hot dry rock
sources in South Australia has now moved from theory to reality with
recent published successes in drilling and testing by a number of
pioneering companies.
- Geothermal Resources Limited has two hot dry rock exploration projects
that are located within high heat flow areas of South Australia.
- The Frome project is situated in an area of known highly radiogenic
granites in the Curnamona Craton region south of Lake Frome.
- The Crower project is located at the northern margin of the Otway Basin
in the South East, in an area of abnormally high heat flow.
- In both cases the key ingredients of “hot” granites buried by a
sufficient thickness of insulating sediments appear to be present.
- Both project areas are well located with respect to existing electricity
grids and infrastructure, that would enhance early development.
- Geothermal Resources Limited has been awarded a PACE grant of $100,000
by PIRSA as a contribution to initial drilling at the Frome project,
subject to the Company spending at least the same amount on such drilling.
Directors
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Keith Robert Johnson
Chairman
BSc(Hons), PhD, FAusIMM
Dr Bob Johnson, a geologist, is one of the
world’s leading practitioners of the application of
computers to geological modelling and mine planning. He
is Executive Chairman of Havilah Resources NL, in which
capacity he has been jointly responsible for the definition
of the Kalkaroo and Mutooroo copper deposits in South Australia.
His company, Maptek
Pty Ltd, is a major supplier of technical mining software
through a network of integrated offices across Australia,
North and South America, Africa and Europe, marketing the
interactive Maptek
Vulcan mining system. This experience has provided a
broad understanding of orebodies and of the role of 3D geometry
in structural geology.
Dr Johnson, a resident of Adelaide, is a Fellow of the Australasian
Institute of Mining and Metallurgy and a Member of the American Society
of Mining Engineers. He is also chairman of Curnamona Energy Limited,
which was successfully listed on ASX in April 2005. |
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Christopher William Giles
Director
BSc(Hons), PhD, MAIG
Dr Chris Giles is an experienced
geologist having supervised exploration programmes for a
variety of organisations all over the world. He is Executive
Technical Director of Havilah Resources NL, in which capacity
he has been jointly responsible for the definition of the
Kalkaroo and Mutooroo copper deposits in South Australia.
During his career he has worked on exploration teams that
have been directly responsible for the discovery of six
operating gold mines. Prior to jointly founding Havilah,
he was a joint founder and investor in East African Gold
Mines Limited, responsible for ground selection and supervising
initial exploration programmes that resulted in the discovery
of two substantial gold deposits in the Mara region of Tanzania,
which are currently in production.
Dr Giles is a resident of Adelaide and a Member of the Australian
Institute of Geoscientists. He is also a director of Curnamona Energy
Limited. |
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Kenneth Graham Williams
Director
BEc(Hons), MApplFin
Mr Ken Williams has extensive
experience in mining finance and his skills will complement
the technical skills of Drs Johnson and Giles. He is Non-Executive
Director of Havilah Resources NL. He has previously held
roles in the treasury operations at Qantas Airways Limited
and Normandy Mining Limited, before becoming Chief Financial
Officer of Normandy. Until March 2003, Mr Williams was Group
Executive, Finance and Business Management at Newmont Australia
Limited. He currently is a director of Advanced Magnesium
Limited and Queensland Cotton Holdings Limited.
Mr Williams is a resident of
Adelaide and a member of the Australian Institute of Company
Directors and the Finance and Treasury Association. He is
also a director of Curnamona Energy Limited.
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