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Investor Presentaiton

THE RESOURCE Granite Spa*ark Energy_5 Lemont's exceptionality largely lies in its geological attributes. They include:- • • • Extensive 'hot' granites give rise to high surface heat flows (upper right image). A thick cover of insulating rocks leads to high temperatures at depth: 200°C inferred at 5km. Intersecting deep-rooted faults within the resource are zones of high permeability. Their presence is supported by extensive areas of low resistivity (main figure) defined by geophysical (MT) surveys. Thus Lemont is expected to meet the two essential criteria of having useful values for both temperature and flow rate. Independent modelling by Hot Dry Rock Pty Ltd (upper left image) indicates a resource* with sufficient energy to run a power plant of several hundreds of Megawatts for at least 30 years. * The resource outline is the inferred 150°C isotherm at 4km depth projected to the surface. The resource volume of >1000km³, was defined using an arbitrary cut off at 5km depth but it goes much deeper. Note that the separate zones of <1 ohm.m resistivity are enclosed by one envelope of ~5 ohm.m. This envelope is largely within the granite, suggesting there have been one or more significant hydrothermal events in this region. Unit A PreCambrian Mathinna Lower Parmeener Upper Parmeener -Dolerite 530000 540000 650000 560000 3750 7500 11250 15000 18750 0.1 1.0 10 100 Resistivity (Q.m) 570000 1000 10000 110 -9000 -8000 -3000 Granite Roof Elevation (m a.s.l.) Main Figure: Oblique view looking SE, showing a sliced resistivity block model superimposed on the interpreted granite surface. Also shown are the major structures and zones of low resistivity (<1 ohm.m: in grey within the granite and pink above it). The thin black line is the coast and the blue pin is a possible location for a test well into one of the low resistivity zones within the resource outline (thick black line). Upper Left: A 3D resource model invokes an unknown heat source (in green) to match the observed heat flows (by Hot Dry Rock Pty Ltd). Upper Right: Some of Australia's highest heat flows (max 118m W/m²) were recorded over Lemont.
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