Anniel Ceneral Meethol A CHEROL 29 November 2006

Presented By: Terry Kellis Managhig Director

EN OTOTATION DEVELOPED ACTOR UNIT NEUMANO D

Presentation Outiline

KEV MESSEQES
Corporate Overview
Offinate Change & Renewable Enery
A Geoinemel Energy & Electroly Markets
DE Market Different Hatton
A BUSINESS STRICOLES
Paralana Commercial Isailon Plans
FIGGER THE PROPERTY OF STANDARD
Summer

Key Messacres

Kejnétek onen gerengan kesik idési kerjadan seses esi da base egang
Tanta load and low cost Renewable Energy.
Petrathern is continually expanding its portiolio of yanan
Musiki DIOKRETICAUSIRE IE EIGROVGISCHE
Paralana Project exhibits the key ingredients for e
Dans ETTIMOLISM
Excellent thermal resource at shallow depths
Stable geological formation expect good drilling QORGHTORS
Proximity to the "off-crick Beyerley Uranium Mine
A clear and realistic, long term commercialisation plan
PRETIDENT SYKSIKS I KONGRESSIONS ON DE SAMEN SOM SAGETS SOM S anan

Corporate Overview

S Esiablished in 2003 and listed on the ASX in July 2004
Elachichtean (Andrick) chronological principal (Astrological Co anna
Carall gaas aasamaagaanaa
Foliota Tarii
Major shareholder is Minotaur Exploration 85%
$\sim$ Shares on issue $-$ 49,5000,000 $8$ current price of 36 cents
Market Capitalisation approx. \$18 M anan
Mala
Mission " to explore and develop, emission free, ganggay
Maséhinto LOCALON LA CHARLEN EN ALLA DEL CHARLES CONTRA LA CHARLE commercially sustainable
Strategy "Shallow hourocks close to market" ganan
Manusia

OSIGINOM

Board & Management

DOM SORIAL a et alla secondaria

Stricta Chargiana genegaangan yang

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, DICERTA

DI EGY SZOR DICLASS

ETAR HOLD ALOR DIGRASI

ETHER PARTIE TAGE OF THE READY

Dansk Extragal a katalung panggunang panggunang manag

HOLD A CHI Onsginaalsk útstalskip

Chneie Charles and Renewable Energy

Sistematic and the second of the state of the state of the state of the state of the state of the state of th
FAN GOLD SE SOO DIE DIE DEE VAN DE GODD VERTERIE DIE DIE V
PERSIGWED SMOKESIS Globally and Nationally
Australia Review drijne energy white paper
Antono the too three politeal and nedia issues

PM sets the agenda on climate

Greg Earl Rano
and Mark Davis

Prime Minister John Howard has stenned un Australia's support for a new international carbon trading scheme and moved to draw China fixther into Australia's alternative greenhouse management nash.

Regional leaders meeting in Vietnam have also given the goven fight to Australia's plan to make this task eroup in Australia is to clean energy and energy security top priorities over the next year when Australia will chair the Asia-Pacific system might take." he said. Economic Co-operation group.

Underlining the covernment's

KEY POINTS

nology, which Mr Howard said APEC (eaders agree clean energy) would help China continue to use and enemy security are priorities. coal for its energy needs while also Mi Australia and China will set us a dealing with emissions issues. working aroup on cost technology. Australia, as a big coal exporter, Ill MF is to rapea its momber and Chine, as a leading coal concountries to tackle climate change.

Ady. Monday 13/11/06

sumer, have a common interest in maintaining the viability of the coal industry annel the growing pressure for action to rein in the greenhouse examine the structure and nature of gas emissions from coal use. what a global emissions tracting Mr. Howard told the fusiness

Keep pace

on climate

or suffer

gathering that while he retained. He reiterated that while Australiz some dearer of sceptition "about would not ratify the Kyoto Protocol some thines said about elimite

and China have sereed to set no a de Rate told the G20 summit on working grain on clean coal tech. Subarday that the weent Stern report on global warming had shown that climate change use one of the rasinmedium-term risks to the world economic outlook.

while the DAP did not have the expertise to design specific policies for reducing greenhouse gas emissions, it would ask its member commertes to adopt a 'risk management" approach and show they were Treasurer Peter Costallo warned of considering the implications of climore change for their fiscal policies. Mr de Rato said there was no longer room for debate over whether global warming was carruring.

JERON ENGLAND SPACE would have million users by the

N Korea test condemned

The G20 meeting unanimously mo aso mobels and impact. North Knees but decided not in include their condemnation in the final cemmunity.e. Treasurer Peter Costclip said the meeting decided not to inskide concernation of North Korea in the communicular bacause it. was a meeting of economic or pisters. endoentral bankers. "This does not mean the deterates took the matter lighth:" he said.

Giant threat to stability

possible international friction and dislocation if giant emerging. economies such as China and India could not be gesured at secure service. to connex and minerals standies. In

Company s the tackling change lews

CLIMATE change was the serious an issue to ignore and it was up to private enterprise to äct now, Runert Murdoch said yesterday.

climate

CHRISTOPHER

数1块全斜 1

"I don't believe all the science about allmate change is necessarily right," he said.

enough about it to think, well, maybe, there's a 10 or 20 per cent chance it's ment and we own it to the planet to lake the insurance they may just be right. So we're get. ting on with that."

News Corp across the globe was dekermined to take a responsible. position on reducing .
geenhouse gases.

"We think it's up to private industry to set an example and not to: go running to the gov. emment for heip." Mr Murdoch said.

"I think we inlews Corp) esn become carbon-acutral probably within months. Carbon-sero may be a bit further away."

It was only right for News to act in this way. 'As a newspaper

company, we're very
good at taking stands on big public issues." he said. "Sometimes

FACING A GOOD YEAR: Rupert Murdoch answering journalists' questions after yesterday's shareholder briefing in Adalaide. of this fiscal year we'll

have 200 million people. waderstood. " By the year after, 200

Plenures: CAMPRESI, BRODE

the past 250 weeks. Once new price increases were rolled out, Fox would be

MARK KENNY POLITICAL EDITOR CANBIERRA

AUSTRALIA must be careful not to be left out of a global emersions. tracting scheme, Treasurer Peter Costello has warned, signalling a further shift in the Government's position on climate change.

Mr Costello suid the results of the U.S. mid-term elections were further evidence the ground was stilling in the debate and it was important Australia kept pace with change. .
....................................

Adelaide HOW CARBON TRADING WORKS

* NEWS.com.au/adabaldenow

peared to signal a slan in the Government's position on climate change, following public concern over the drought and the warnings. of economic catastrophe contained in the Britain's Stern Review.

The Federal Government has refused to sign the Kyoto Agreement anta skansa sreutur k did

añe was yet to be filly Mr Murdoch stuck to

Adu Mulor

FINANCIAL REVIEW Downer aims to focus APEC on

of a local pragium industry.

removal of impediments to the

Howard to lobby Bush III BCA backs carbon-trading scheme III Coalition plays catch-up

PM pushes global climate pact

Ancus Grise

Prize Minister John Howard has attempted to seize the initialive on change of the matrice of borning group on emissions accumuly
last night, before lobbying United
States Tresidont George Bush to support a new global agreement to reduce geenhouse gases. The move comes as Business Coun-

cli of Australia chairman Michael

⁶ Both politicians and business realise the climate debate is now moving laster than they are, and they risk losing control of the cascussion if they don't lain in. - Eleura Tinglet comment, page 5

Chancy supported the development of direction for the BCA, which a. global carbon trading scheme, rejected a carbon trading scheme saying business was prepared to pay a three years ago, arguing it would slobal warmley. Mr Howard also expressed his is a significant change of strongest support set for nuclear

pswer, kaying it would become expansion of Australis's unablum
more economically competitive as mining industry.
clean-coal dechadogries would drive in Howard roid the BCA's
up the opst of electricity. annual dizner in Syd mining industry.
Mr Howard told the BCA's

annual dizner in Sydney last night
that he would entablish a govern-
ment/husiness taskforce to examine The Frime Minister's comments suggest his nuclear taskforce will next week support the ostablishm on the implications of a global cause They also followed a report by a The taskforce would took at the high-level government advisory Continued page 6

Urantum expansion wypd, page 6

COOMING crises in freq
and North Korea and
"vater process" over cli-The change have the
mate change have detained to the material of today's masting
antescan Prime Minister
antescan Prime Minister
dent George W. Bush.

WARK KENNY

FOUTLOAL EUTOR

HANCE VIETNAM

Mr Howard and Porelga Downey will west President. Sush and Secretary of State
Candifference Rice of the Selles
Candifference Rice of the Treel

Dealing with climate change in the post-Kyoto world

Treasurer Peter Costello, on the ABC's Insiders, on why we'll have to sign up to a global carbon trading scheme

N Australia, we've got to keep a careful
leye on [climate change]. I think the
le ground is changing. I think it is important that we bring new countries into this discussion, And I think, from Australia's point of view, if the world starts moving towards a carbon trailing system, we can't he left out of that, that Australia has a role.

Question: You think the world is moving towards that system.

STAIL CUT & PASTE

will have to come in, and Australia will have to come in with wite-samping technical

system energes ...Pegge Amtadan feangle Sreen
Gay Soday. It must awa schoon . Manday 20 Secennes 2006

follow, but it seems that ha't the way it's so far played out over the climate change issue. The Australian Conservation Foundation's campaign director is Denise Boyd, and she says Rupert Murdoch's very public change of heart hasn't been universally taken up by the various arms of his media empire. $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ a

floyd: Well that's right. There has been a change in some but not uniformly. Perhaps that's a good thing, perhaps there is more... editorial indezendence in the Australian press; ; than we think there is. There's cowlougly an editorial call that's been made there, however, it is disappointing that the enly daily national.

hazma The global response to Prophclimate change is size. them dominating APEC conteris, xay w not 551.003

climate change

.
go W. Bush with a ganastan anchestra at the Asian Civilisation Museum in Siagapore yesterday.
ezza Rice greets Alexander Downer at the AFEC summit. drakm just encther gabfest." less developed mations, Mr alot of APEC mompous diff. Designer uses scheduled to hest a dimer of foreign minlup proces isters last might aimed at since but Mr Downer and getting a greater foreign there was a continuing for- policy focus on the global Me between developed and warming parstion. He said

west your stime about those we use a The ARRC leaters' most. ing steris bottomav Advisible from: APEC tolly esplained

OPINION 63

G20: Energy and climate change

(fransparency, sensiblé: awestment and a united sussecach to climate:

kaha nga ang ting kaws to stable energy manuals. prikes floddigo de Rato.

The risk past less years, the Westle was lived with high oil. gebres williaut serious mateu-:Mandinis erge (Laksans, fes gram, this is because the coursent grisečk, astike in the 1970s, was leidateidų demand presumsegnieš sike hackgreend of streeg global. n salvātu. Tino manāti sissa līga iemen

tani mal yan pandunian biyuwar.
Wiperioani ku 2011,

We have also your wome responses us a igh prices which are maint questionable, Some oil-producing countries have needed as bigher. prices by allowing issue increases in which are unlikely in be seconded by in the bong beau.

Aus inverseed forware en suggaccurity has also led soons consurire. to he mathology of integritment by fortegor ceasganies. But changing the mates of the giame too offern case have Speecherm models. These ownershees and produzer-country generatorshis which have sought to make short-run yakathy Mking & Mygarat wa of all and gas reveaures shaults bear this in guian Thete are trade-off's between rana ration weeren albebraic and essintajakoga basidens en vibanment that encourages competitive and. investments, approximates after the

Фетейс за жаздана апруженията. This expektikely to meet comisive reexacts that are likely to be fall over

කිය පසුව (පිත years, මහත්තේ, லில் விடீனத்தையை பட்ட asarka smasor es glad luteraires prinsi unlatility. The creation of the Joint Oil iData Iniciative is a particularly (supercent step. The americal local Montham Pund sirunds exposus the
Guinance Indianales Reansperency fatbiknijve sloekzmed to ezemni rematrice: gareauss are used well. We urgenative countries to participate. Many voluntries still maintain subsidias on outray. They are an expressive way of gue locating the pool from stupening, price - much of une beautiful gross to the botton off. Syday he win lease in severe mlsallocation of inactives. Way use blue tinoscilves to conserve exempt อาทธิ์ โยละจัสด บ้านที่รับจังหวะที่กระดอบเขาเร็ ഏർക്കു. Reducing അത്യൂ subsidies

not only field state flami

inumen enceket Others van ranne deca or approximate has made assets in gove. the meetings reserve receiving assistance of

The Safe between greenhoons gas ે વિશેષ્ટકોમાં આવેલું આ પ્રાપ્ય કરવામાં આવેલા આ temperature is now well run bilance. The corresponder of group warrang are less certain, box they are enpected દેક છેલ પર છેલવાડા ચીજ જ્જુરા માટિ . કામજે કર જો રહ Sterm report, commissioned by the UK gewenniseet, suggests het grees dennestic product Losser form dangezous eliman cassage consid maye home 5 to 11 per cent of OOP in many complete.

El these monders are bonne contagfügtbar stadyste, then are tiumnang. indeed, la scrae al the miles on

"Sabsidies are un expensive way of producting the poor from rising energy prices."

र्शराहर (इ.ए.स. २३४ में सम्बेदी हुआई) प्राप्त होता है।
संस्कृत कारण के सम्बन्ध करने के बार के बाद करने समाप्त करने के साथ करने के साथ करने के साथ करने के साथ करने के metaculon.

Bet encouraging now investivent sa nea likely se he sufficient. The internationalamentalistica III
2002: Segriber 10 find ways to limit amission and greenhouse game that are both fals and connomically efficient, i beforme that a successor to the Ryano agreement, is shinking and of either an emissions trading scheme or a los scheme for greenleme. gases, will be necessary.

Want impost moght all of this last reон спецу плакежало сведу greaturers? I would capeel that a SUCCESSFUL STREETS BYOUT SURFAMERS climate chamae would is volve exeasures to reduce demand, us realisation for consultant in the subjection of expery at reasing non based on fossil fuels, and perhaps measures to eugenne ausbomzinodumia from ozóslíny uraczy ścierczi. Okróżusky

I'm Review 221400 Carbon price is best way forward

A proporty right over carbon must be at the core of a multi-layered response to climate change, writes Warwick McKlhbin.

■ Tie release of the Stern Review. of the Rennamics of Climate Cleance has bad a dramatic im pact on the climate-change debate in Australia. The key lesson from the review is that there is enormous un certainty about the fotons. There might be some very extreme spenarios. that are werrying enough that elearly some action is needed to encourage low-cost respenses to reducing emissions, perhaps substantially.

There are some flaws in the report. but many of its key messages are wild. We need the major emitting countries to put in place incentives to reduce greathouse gas emissions both through behavioural changes in the way all citizens use energy and in investments in earbon-reducing technologies

The debate in Australia is rife with misunderstanding. The usual polling
question (Should Australia rafify the Ryota Protocol?) should be preceded by another questi-

miderstond the K Those who say "y usked the ratifical many of those adof Kyota in the cu not make it to the The Howard g correct not to mil Protocol because approach. It is b: timetables without relative to expec Support for Ryc conventional car is misplaced. The

The race is on to make radical, widespread changes to the way we work and live before it is too late

Pulling a price on earbon will encourage everyone lookange the way they cenit carbon

which are moving in the right direction, but more needs to be donc. The Asia Pacific Partnership For Clean Development is a THE AUSTRALIAN WEDNEDAY NOVEMBER IS 2006

through providings supply of shortterm permits (in addition to the longterm primits already distributed). sufficient to cop the short-term price

reducing uncertainty and increasing the ability for companies to managetheir own risk and protect their large capital investments can be more

PM creates task force to look at carbon trading

VINCENT MORELLO SYTHEY

FRIME Minister John Howard has softened his opposition to a sponse to the effects of greenhouse gas emissions... Speaking at the Business dinner in Sydney last night, Mr Moward said he would commisskin a government business group to develop a carbon trading suhame for Australia.

Howard said. "And unless we law the foundation over the years immediately ahead of us to deal with the problem, inture gener-
attons will face significant penalties and will have cause to criticise our failure to do something substantial in response." Mr. Howard has repeatedly. said carbon trading is no "silver bullet" solution to reducing greenhouse gas emissions.

But he has said the Government has long acknowledged Allectratics mearched too.

meet with resource sector business leaders later this week to discuss setting up the task force.

"The Government will establish a solnt groverniment-pustness. task group to examine in some detail the form that an emissions trading system here take in the years ahead, "he said, The Prime Minister repeated that Australia would met ratify

the Rvote Profocol and urged countries to facus on all engingy

28^{成HIGHER EDUCATION}

The climate's right for science to go to war

IIMATE change man Lives in change may
never more rapidly and
with for greater celect
than experted. The warning comes from Australian almospheric researcher Barrie Pittock. He engues there are firm scientific granads for surrecting the pace of climate change may be furthe and its manifests into more estrette that presently th

Pittsck is a sci-

respected Twent kas ar iaflucati

the US and Spriet Linion ...... that the miclear waiter uricushed by strend wer would have no pressure there one of low first uses of climate modelling was to save hummily. Piboek lists the full meing reasons for believing the consensus on ofmosts change may understate its effect:
III Global dimenteg, which sets as

a broke can dobel separant box

EUREKA Julian Gibb 黒 The Atlantic meridional overture

this view number retireally than elimets change is a political sobrainer and politicians who innoce it medt whatever fate muals, them at the palls. Success moves to pormote solar, meclear and cay fixels support the faderal Government's politics. sre tellieg it something similar. So much for the three new climate

actate cereb no their name intellier is ble new Australian cliente energies?
The new Australian cliente emerges?
Will car demand for light collon parrients and not accelerate the Will aircoadaicorel offices with mental redesign? Can our infrastrucstorm surges, heavier moreooms and

G20 to parley on global energy agreement

AUSTRALIA plans to initiate a global energy agreement to ensure price and supply statellty when it hasts "the world's most important financial meeting" in Melinairne this weekend.

Treasurer Peter Costello, chair of what is known as the Group of 20 (G20) meeting of finance ministers. "adsquate supply, adequate security, and proper international pricing" over the next couple of devades.

He believed that if it could be achieved, it would prevent "jostling and instability over researces" in future years.

He said: "We know oil prices have gone up. We know commodity prices have gone up. We know there is incredible de

He believed that the two-day G20 forum, which begins on Saturday, was the bast greate to begin discussions on such an agreement.

This was because it consisted of the work?'s largest developed economies, including the US, and developing economics such as India and China and off producers Sandi Arabia and Nation

"We've got to keep a careful eye on this (climate change). The ground is changing."

He said the next chapter was to bring in the key consumers Chica and India, and to look at the shape of a global carbon trading system.

Australia would not be able to stay DER WARD the rest of the number

CLIMATE CHANGE 2050

SIR, THE BOARD THINKS THE LACK OF HUMANITY WILL SERIOUSLY AFFECT PROFITS!

BBREK

Chnate Change & Renewable Energy Technologies

Advantages of Geoffermal Energy include: n
darge soale base load
PLarge resources and reserves
SA HOLD OF PRICE AND LEADER TO A SET OF PRICE AND A SET OF PRICE AND A LOCAL CONSTRUCTION OF PRICE AND LOCAL

Exiraction McLennan Magasanik Associates independent report "Renewable Energy - A Contribution to AVSMERISTING AMERICAN PROTECTIVE Excepted in Section 1999

Tofal regewable cost envelope Visicoal, gas and nuclear cost.

Clinaie Change & Renewable Energy Technologies

THE SALE CONTRACTOR IN THE RELEASED OF A STRIPE OF A LIGHT CONTRACTOR OF A LIGHT OF A LIGHT OF A LIGHT OF A LI Report assesses geoinemal energy as the current lowest cost renewable energy Source of electricity production.

NGNA mga 1975 ay ang kalendaryon ng mga 1970. Olean Coal Technologies Vs e a la la la contenenta de la c

an is the pro

Georgener Energ Schel Erggrefer Werkers

Thematicia

$\sim$ The global renewable energy market (all forms) represents only 4% of electricity production but is growing at 25% per annum.
Geothernal energy has largest technical potential of all renewable aynas
Buda SOUICES (source: World Energy Assessment UNPD 2000).
ER ZEIN DIE PROVING IN DIE SAWINGEN DIE BOLD IN DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE en de la falsa de la falsa de la falsa de la falsa de la falsa de la falsa de la falsa de la falsa de la falsa
Constituir de la falsa de la falsa de la falsa de la falsa de la falsa de la falsa de la falsa de la falsa de OVer \$100 per MWh
HEuropean Union target of 20% by 2020
$-$ China target of 10% by 2020
$-$ India target of 10% by 2020
-California target of 20% by 2017

Geoihernal Energy and Electricity Markets

ALSHEID

E ZAVÍCIVÁ O MINISTRADU SO VALVANICA DE PREDICIPAL E PORTE E PRODUCEVA O PARADO egang
Bada and low emission energy technologies.
Strong support for geothernal energy due to competitive, large scale, Dase load potental
Fine Ministerial Council on Energy considering the Energy Reform Implementation Group review of the National Electricity Market N BOD
The Interconnected NEM in Australia is projected to require 5,000 WW en de la posta de la posta de la posta de la posta de la posta de la posta de la posta de la posta de la posta
De la posta de la posta de la posta de la posta de la posta de la posta de la posta de la posta de la posta d O ARCH DECINO CHARGE A CONCERT SON CONTROL NEW YORSES REPORT OLOOOONIHIIGS)

SA Electricity Market & Ceothernal Power

A SA NEW region eleginoly demand to regulie at least 300 WW of new capacity

an China

BARBOO

amerikanak

Does not include the potential increase of 420MW from Olympic Dam.
· Nor the effect of depleting Leigh Greek coal.
Demand requirements will be between 600 1,500MW.

Antonio Alexandro de

a strian

mara ang

666666

n is Mari

23.723

WEICKSCOTTGEGOUEUROO Peirainems Exploration Model KO STARI (ONVIER ON A COLOR CARD) KONSTANTIVO (ON A COLOR

TO THE LAST OF THE DEVELOP

Engineral Literature
Philing Depth
METHODOLIA

an an Bàsan

SANGAR COMMERCION
SIGC DISTRICT THE R

FZS (1: 11 LENDES STRUCTURE DE L'ORDINALE DE L'ANTISTICITI ad iteya tire lowest long run average to systemationy delivered while minimizing project reks.

Warket Differentation

Heat Exchanger Within Insulated (HEW) Model

Sindrer Remeability
Gremoally Stable
SMATOR 201411111111111111111111111111111111111 MITCHIO
PLOWERERS
ET COLORED OVIER

Key Points of Differentiation

Heat exploration strategy grounded in strong and unique geological research, measurement and exploratory Taaniniaus –
Heat exploration strategy that can be readily applied in other AV SI JE NA SISTEMA TO LI SLAVENCI KAMA Z DJELI VE TO LAZI DO 1 GAZI D
HEW nocells lower cover in By Broad Corporation Commission temperature differential, drilling depth & cost and circulation
A portfolio of high quality projects that is being expanded to create value and diversify risk.
Focus on the lowest LRAC electricity delivered to the NEM.
Adopted proven technology and standard unit design and COLORIA sizes wherever possible (i.e. organic-rankine cycle plant).

Business Simeciens

Y Completed Phase 2 drilling program at Paralana confirmed The Latin Communication
Y Completed business model and pre-feasibility study for Paralana - recently completed with UST, GHD & ElectraNet
Y Updated and enhanced. Strategic Business Plan and conducted. detailed Competitor Analysis of Projects/Tenements in SA and oineralares
Y Secured MOU with Heathgate Resources for electricity supply To Boverley
14 ODR I ROG A SAMA OKONG MGA GABASA AGA TAGA NG AGA MGA SA Geothermal prospects in China - Universities & Provincial Power Utilities

Business Simecies

Secure 200 Monet And Direct Secondary Andrew State ngang
Manak
Assess prospects in other States Vic., Qld, NT and other er
Briti e gref
C Secure high prospect tenements in China over the next 9 months and explore other international opportunities
P Establish Joint Venture arrangements with target partner(s) – tallored to project needs.

Paralana Commercialisation Plans

Staged development of 7.5 MW small-scale commercial plant anan
Buddh
Drilling to first deep well to 3.5 4.0 kms in 2007
Create and test underground heat exchanger in 2008 & 2009
Develop and commission 7.5 MW geothermal (organic-rankine eyele) plant in 2009 & 2010
Develop transmission line (11 kms) to supply Beverley Uranium MAGHTZAN SERZOZOTIO
$\sim$ Siaced local expansion from $7.5$ MM to $30$ MM.
Continue to refine large-scale Generation development ayana
Maséh ODIIONS — CUITENT JONG (CHIN DIEN IS TOT 520 NM (2 x 260 MM) power plant using standard sized plant increments and Connecting to the SA power system of Port Auguste and
Olympic Dam Mae "meshed" 275 kV transmission network.

Paralana Commercialisation Plan

an ann a mental

Operations Review

By Peter Reid Operitons Manager

Soutin Australian Heat Flow Anomaly

EL CERTO DE LE CELECIÓN En de la Company de la Company de la Company de la Company de la Company de la Company de la Company de la Com
La company de la Company de la Company de la Company de la Company de la Company de la Company de la Company d

30% higher heat flow than Iypical Proterozio crust

Healthle to a

Differmally Anomalous Grineratio
ARadiogenic Iron OXICE (BIG)

Hineline Hot Rocks

In Alstralia on Wr $\partial_0$ also resolutions and the probability of the sector

Forward modeling of Geothermal Resource potential based on constrained geological models

Wit Painter Project Areas

EVICENCE CONTROLLED Andrichten

ALIOTSONIA
Fossil Fiverothermal De Maria
A Elevater groundwater IGILDE CHARGE
Figh Heat flow recorded

al them

WilPainter Projects -Thernally Anonalous Grante Model

62uWm^-3 CANTAGE Up to 20 times normal granite, average = 8 times

* A nice rift basin and hot basement

How Hot Might Paralana Be?

Above modellinger merecanitemperature measurements de elect 200 GERTS STATE

Fossil Hydrothermal Systems

Paralana Hoi Sprincs = 62º6

Drilling Campaigns

· September 2005

June 2006

BACTER

Outstanding Themal Resource

Paralana - Phase 2 Drilling

June 2006

Paralana - MT 2D Smooth-model Inversion

Manar

Heat Exchanger Within Insulatior (HEWI) Model

)aliatherm

Paralana 2 - Well Plan

Well Prognosis 2
Wall Location T Optimisation Study
ETT TERRIT STOR
Piele Logistics
STERNOONS
Abonginal Fleriage
A FAVITORINGAL
Existy of Alexa Control e ETHE

Ghina - AP6 Program

· Over 240 recorded geothermal sites

Conventional Ceouremal Potential ~1400 MWe

· Untested EGS (Hot Dry Rock) Potential

Ningzhong - Tibet

Summery

Clinate Chance and the critical need for large scale, base en de la posta de la posta de la posta de la posta de la posta de la posta de la posta de la posta de la posta
De la posta de la posta de la posta de la posta de la posta de la posta de la posta de la posta de la posta de load and low cost Renewable Energy
Petratherm is continually expanding its portfolio of n
Malill projects in Australia and overseas.
Paralana Project exhibits the key ingredients for success anan
Kabupatèn
A Excellent themal resource at shallow depths
Stable geological formation expect good driling Conditions
Proximity to the foif cric^r Beyerley Uranium Mine
A clear and realistic, long term commercialisation plan
Petrathern's "lower cost, lower risk approach". enas
Salt

Thank you

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