Highlights
- The Mid-West Geothermal Power Project's Inferred Resource has been independently assessed by Monteverde Energy Consultants and endorsed by EarthConnect Consultants.
- Mid case estimate of 203 PJe of net electrical energy, equivalent to 226 MWe of power generation for 30 years, is assessed to be present in Strike's acreage that has been submitted under its right for permit conversion.
Strike Energy Limited (Strike - ASX: STX) provides an update on its 100% owned proposed zero carbon Mid-West Geothermal Power Project in WA's Perth Basin.
Strike and its consultants have completed the incorporation of its Perth Basin database into its Mid-West geothermal energy model, which has been independently analysed and interpreted by Monteverde Energy Consultants and endorsed by EarthConnect Consultants.
Strike has used this Geothermal Inferred Resource mapping to inform the areas of the best hot sedimentary aquifer geothermal resource potential, where gas is not present (and brines are), and the surface areas which have the highest likelihood of supporting a future commercial development. This analysis has formed the basis of Strike's application to the regulator for the conversion of its Geothermal Special Prospecting Authority (GSPA) area (3,513km²) to a Geothermal Exploration Permit (GEP) of 1,826km² as outlined in the map below. The GEP issuance as per its right under the GSPA remains pending at the date of this release.
