Earths Energy Ltd · ASX:EE1
Earths Energy — Cradle Resources — Merger or Acquisition (July 2023)
10 slides from Earths Energy's merger presentation, July 2023
Slide 1: Creating Australia's leading 24/7 renewable energy solution
Creating Australia’s leading 24/7 renewable energy solution Bringing Clean Geothermal Energy: Renewable, Reliable, Ready Geothermal Energy Acquisition July 2023
Slide 2: Disclaimer
Disclaimer FORWARD LOOKING STATEMENT Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking information, including risks associated with invest
Slide 3: One of the most prospective and advanced geothermal portfolios in Australia
One of the most prospective and advanced geothermal portfolios in Australia Cradle Resource has entered into a binding agreement to acquire Volt Geothermal Pty Ltd (“Volt”) and Within Energy Pty Ltd (“Within”), with the aim to become Australia’s leading geothermal company1 Transformational transacti
Slide 4: Capital Structure and timetable
Capital Structure and timetable1 Number of shares Ownership (%) Existing securities on issue 229.9m 30.6% Consideration shares to vendors 220.3m 29.4% Issue of Shares at $0.02 under the Capital Raising Offer1 300.0m 40.0% Total 750. 3m 100% Market Capitalisation (post transaction at $0.02 per share)
Slide 5: Geothermal is essential for the global energy transition towards net zero carbon
Geothermal is essential for the global energy transition towards net zero carbon Why is Geothermal important? • Geothermal energy is proven, reliable and one of few renewable solutions available 24/7 • Geothermal power generation is used in 30 countries with 16 GW of installed capacity1 • USA is the
Slide 6: Australia needs geothermal to be a part of its renewable energy solution
Australia needs geothermal to be a part of its renewable energy solution Why are there no geothermal projects currently in Australia? • Not required - level of emissions was not a historical driver and fossil fuels were relatively low-cost i.e., coal • Not progressed - historic focus on remote “deep
Slide 7: Geothermal provides a pathway for junior companies to participate in the renewable energy transition
Geothermal provides a pathway for junior companies to participate in the renewable energy transition Barrier to entry Reasons for Barriers Geothermal Benefit • Without access to key and essential infrastructure • Smaller transmission lines/sub stations throughout Access to existing (terminals & line
Slide 8: Australian geothermal portfolio
Australian geothermal portfolio The Company has assembled a prospective portfolio of geothermal assets across South Australia and Queensland. The Company used several key selection criteria in determining these priority regions, including: • Geology - regional geological analysis and historical dril
Slide 9: Key targets for 2023 - 2024
Key targets for 2023 - 2024 ❑ Secure fit for purpose team including Board ❑ Secure Australian acreage under application ❑ Complete Environmental, Native Title and Cultural Heritage approvals ❑ Conduct geological and geophysical studies ❑ Define highly ranked subsurface areas ❑ Complete infrastructur
Slide 10: For more information contact:
For more information contact: Matt Kay Managing Director Designate 0401 988 824 [email protected]