The first IGF identified for Tasmania, the assessment was conducted by geothermal consultants Hot Dry Rocks, in accordance with the Australian Geothermal Reporting Code.

KUTh also recently completed its surface heat flow program, and the company has identified additional target zones for analysis in the Tasmanian project. All areas are within competitive proximity to transmission infrastructure.

This initial resource will be the focus of the company’s project application to the Australian Government’s Geothermal Drilling Program (GDP) in the next month, under which grants of up to $7 million are available for drilling deep geothermal wells.