Investor Presentaiton
OPPORTUNITIES / BENEFITS
Spa*ark Energy_4
5350000
Spa*ark Energy has the sole rights to ELA15/2016 which covers the
most prospective part of the large Lemont Inferred Geothermal
Resource. As shown in the supplementary DATA slides, Lemont
appears to be exceptionally prospective and has the potential to:-
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Provide an alternative source of reliable, renewable, clean and
flexible power for Australia *
Improve Tasmania's energy security against drought and
interconnector outages
Materially assist Tasmania's stated aim to become Australia's
renewable energy Battery of the Nation by increasing capacity
and broadening its base of renewable energies#
Support the transition to renewables by providing fast response,
dispatchable base-load power to balance intermittent wind and
solar generation
Provide a low levellised cost of energy for many decades
Promote regional development in Tasmania by providing stable,
affordable power and heat for new satellite industries.
The Australian Energy Market Operator (AEMO) has estimated that
Australia will need at least another 30GW of variable renewable energy
and up to 20GW of dispatchable energy within the next two decades.
https://www.aemo.com.au/-/media/Files/Electricity/NEM/Planning_and_Forecasting/ISP/2019/Draft-2020-Integrated-System-Plan.pdf
# In the five years to 2016, Tasmania was a net exporter of electricity for
two years, a net importer for two years and balanced for one year.
Hydro Tasmania currently has limited potential to increase its output
with new dams and is investigating the potential for 'pumped hydro'.
LAKE
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$560000
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Map Area
MOUNT
BURY
T
CONERATION MEA
FOREST
ROYALT
RIDGE
10km
BUCKLAND MILITARY
Inferred resource
560000
ELA15/2016 covers the most prospective part of the Lemont
Inferred Geothermal Resource in Eastern Tasmania.
ELA
SEAView entire presentation