Highlights:
- Applications lodged over three prospective geothermal areas in the newly discovered, sparsely explored Millungera Basin of NW Queensland.
- The Millungera Basin exceeds maximum heat flow averages through all established geothermal fields determined in Australia to date.
- The proximity of the area where the applications have been lodged to Queensland's North-West Mineral Province provides significant opportunities for wholesale power supply to major new resource projects.
- New application areas set to benefit from the $1.7bn CopperString 2.0 Project, which will see the construction of 1,000km of open access transmission lines, connecting Mount Isa to existing power infrastructure in Townsville.
Greenvale Mining Limited (ASX: GRV, "Greenvale" or "the Company") is pleased to advise that it has further expanded its potential geothermal portfolio in Queensland after lodging applications for several new highly prospective geothermal tenements in the newly-discovered Millungera Basin region in North-Western Queensland.
The new applications are located approximately 120km east of Mount Isa within the North- West Minerals Province and lie within the catchment of the $1.7 billion CopperString 2.0 project, which will connect remote parts of north-western Queensland to existing power infrastructure in Townsville.
Together with the geothermal application areas that are held by Within Energy Pty Ltd (a company subject to a conditional purchase by GRV as announced on 1 June 2022), these represent some of the most geologically and economically significant geothermal tenures available in Queensland.
