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Investor Fact Sheet
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Hot Rock (HRL) is an international renewable energy company focused on exploration of geothermal projects for development commercially attractive projects.

Issued Share Capital

345.4 million ordinary shares
30.0 million options

Board of Directors

Mark Elliott Executive Chairman
Peter Barnett Managing Director
Mike Sandy Non-Executive Director
Stephen Bizzell Non-Executive Director
Paul Marshall Company Secretary

Management

Luis Urzua Geothermal Resource Manager
Gonzalo Salgado Manager - Chile and Peru

Registered Office

Hot Rock Limited
Level 5
10 Market Street
Brisbane QLD 4000
Australia
Phone (61 7) 3212 6200
Fax (61 7) 3212 6250
www.hotrockltd.com

 

Hot Rock Limited is an Australian energy company formed to develop geothermal energy in Australia and overseas.

Strategically, the Company is focussed on exploring and developing its extensive portfolio of volcanic prospects in Chile and Peru complimented with Hot Sedimentary Aquifer prospects in Australia.

The Company moved early and acquired a wholly owned portfolio of projects with good evidence for geothermal reservoirs suitable for electricity generation in countries with attractive infrastructure, markets and government policy.

Joint Ventures

  • HRL and Energy Development Corporation (EDC) commenced joint venture on the Quellaapacheta geothermal projects in Peru.
  • EDC will acquire a 70% interest by paying HRL US$1m in cash, sole funding of certain resource development costs to financial close.
  • The resource development stage of the project is expected to cost up to US$12m and includes geological, geochemical, geophysical surveys and at least one production well.

Chile

  • Ongoing discussions with potential joint venture partners in both the Longavi and Calerias projects.
  • Quotations have been obtained for undertaking an extended magneto telluric survey at Longavi in early summer 2013/14 and for the drilling of a slim well once a JV partner has been secured.
  • Access permits have been organized with landowners over the past quarter to allow for the MT and drilling work to proceed.

Peru

  • Detailed survey of 91 stations has been planned by EDC to complete the November-December 2012 magneto telluric (MT) survey consisting of 29 stations at the Quellaapacheta project
  • Currently undertaking community programs for the Achumani project with land access agreements planning to being obtained by August 2013 after which detailed surface exploration surveys can be commenced, including (MT) magneto telluric resistivity surveys.

Otway Basin

  • HRL holds over 27,000km2 covering a large part of the on-shore Hot Sedimentary Aquifer (HSA) geothermal targets in the Otway Basin, Victoria.
  • Koroit Project in the Otway Basin contains stored heat of indicated resource of 7,800PJ and inferred resource of 59,000PJ to a depth of 4000m.