Terry Kallis of Petratherm, Adrian Williams of Geodynamics and Malcolm Ward of Kuth Energy

Jun 7^{th 2007}12.30pm
Tattersalls Club

112th Sydney Mining Club Luncheon

Presenting Terry Kallis of Petratherm, Adrian Williams of Geodynamics and Malcolm Ward of Kuth Energy -

Carbon Free Renewable Energy and the role for Geothermal Technology to supply base-load electricity

Brisbane-based Geodynamics Limited (GDY) is a leading pioneer in Hot Fractured Rock (HFR) geothermal energy. The Company's goal is the development of a large known HFR resource for the generation of zero-emission, base-load electricity (1000 MWe and more). The development of this geothermal resource located in the Cooper Basin, SA, will make Australia a world leader in lowering greenhouse gas emissions. Geodynamics plans to deliver power to the grid by 2010.

Dr Adrian Williams is Geodynamic's CEO and is an engineer with broad experience in energy and technology. As a consultant based in London, and then as Chief Engineer Geomechanics for the Snowy Mountains Engineering Corporation, he has worked on large energy and infrastructure projects in Algeria, throughout Asia and Australia. He led the development of the Australian Petroleum Cooperative Research Centre, one of Australia's first CRCs, and with CSIRO, was the foundation chief of its Petroleum Resources Division and then Chief of its Energy Technology Division. He has been committed to the development of Australia's hot rock geothermal energy over the last eight years, including the winning of tenements in the Cooper Basin for Geodynamics.

South Australian-based Petratherm Limited (PTR), a geothermal energy developer, is similarly carving a leadership role in the emergence of "hot rock" energy alternatives in Australia - and increasingly overseas - initially through Spain and China.

It has recently been awarded a A$5 million Australian Government grant, and attracted a joint venture alliance with Beach Petroleum which will potentially inject up to $30 million into Petratherm's flagship Paralana Geothermal Project in South Australia's far north. Paralana is targeting commercial production by early 2010.

Terry Kallis is the MD of Petratherm and has extensive experience in energy and infrastructure related projects. His work history includes senior executive roles with ETSA, primarily as Chief Financial Officer and latterly as Executive Manager Network - ElectraNet SA. During his time at ETSA, he was intimately involved with the major reforms implemented in the late 1990s. Those reforms included commercialisation, corporatisation, involvement in the new National Electricity Market (NEM) and the ETSA sale.

KUTh Energy was formed to explore for and develop geothermal energy in Tasmania by geophysical consultants Dr John Bishop and Dr Roger Lewis who recognised that the fundamental components of an EGP/HFR geothermal system existed in Eastern Tasmania, namely anomalously radiogenic granites, high heat flows and steep geothermal gradients. A large (+12,000km2) Special Exploration licence was taken out in 2006 to cover not only the areas prospective for geothermal power generation, but also metropolitan Hobart and Launceston, where thermal waters suitable for industrial uses might be exploited. The power grid is only a very short distance from KUTh's prospective areas and this is in turn connected to the National Energy Market via Basslink. KUTh is proceeding to an IPO later this year.

Malcolm Ward is Operations Manager for KUTh.

Book Online

2007 National Mining Awards

People and companies make Australia's mining industry great. Through recognition of the most brilliant performances we draw attention to the quality and effort of an entire industry and the many Australians who year-in-year-out make it happen.

The degree of effort and discernment given to the judging of any industry award is the ultimate measure of its significance to the recipients and to the industry. With this value at our core, it is with great interest that the Sydney Mining Club this year takes up the task of convening and managing the judging of the 2007 National Mining Awards.
The truly independent and national panel will be made up of judges from Australia's key mining cities and regions and will be headed up by the incisive mind of Trevor Sykes.

The Awards are for Australian's operating here and overseas who are making technical and economic contributions that fuel the global mining business. National Mining Awards are given with rigorous adherence to tight criteria, with consistency and without favour.

Individual Awards

1. The Discovery of the Year Award
The Discovery of the Year Award is given to the Discoverer of a new or emerging resource where size or economic significance of the deposit and, at the discretion of the judges, the ingenuity, scientific endeavor, perseverance, lateral thinking or other human merits have played a contributed to the new resource.

2. The Producer of the Year Award
New, expanded and sustained production efforts are recognized by the Producer of the Year Award with attention to the value of product, the degree of adversity faced, the quality of management applied and the significance of the effort to production peers.

3. The Deal of the Year Award
The Deal of the Year Award is for corporate and individual contributions in the re-matching of assets, companies and capital.

4. The Growth Story of the Year
Growth is measured in market capitalization, profits, dividends, Resource inventory, and capability on the ground. For some companies one of these KPIs tell the story, for others it is a cocktail that distinguishes the winner of the Growth Story of the Year Prize.

5. The Frontier Explorer of the Year
Australia's pool of talent in the mining business is a driver for the global industry in answering the ever-changing demands of a resource hungry planet. The Frontier Explorer Award recognizes the push into new geopolitical spheres, new environments, places and dimensions in the industry's quest to deliver the mineral materials of civilisation.

6. The Applied Technology of the Year Award
From the Bronze Age to the Silicon Age, Man's ascent has been driven by the ability to treat rocks with technologies. With the large, shallow and obvious deposits now mostly depleted, we are looking deeper into the Earth of resources, using lower grade bulk resources and chasing an extraordinary new spectrum of materials used in our high-tech lifestyles. Technology itself is leading the cause in satisfying these new levels and types of demand. The Applied Technology Award recognizes those who have taken the edge forward in its use.

7. Manager of the Year
Often unseen behind their company leaders are the efforts of the people who do it. Open to any person not an officer of the company, Manager of the Year Award is open to any person who has led the company or operation to greater productivity. Perhaps this is through better safety, better cultural management or new ways and systems. With so many contenders, Manager of the Year Award is truly the Prize for the deserving.

To enter or make a nomination for the 2007 awards click here