Black Rock Mining Limited · ASX:BKT
Black Rock Mining — Green Rock Energy — Investor Presentation (July 2009)
39 slides from Black Rock Mining's investor presentation, July 2009
Slide 1: Green Rock Energy Ltd - an overview
Green Rock Energy Ltd ……... an overview www.greenrock.com.au August July 2009 2008 ABN 59 094 551 336
Slide 2: Disclaimer
DISCLAIMER ▐ Green Rock Energy Limited has taken reasonable care in producing the text and images contained in this presentation but does not warrant that the information contained herein is accurate or up to date. ▐ The information on these slides is based on publicly available information, interna
Slide 3: Our purpose
Green Rock Energy Ltd Our purpose ▐ Create shareholder value from: ▐ identifying and securing the right geothermal ground; and ▐ evaluating and developing that ground into a major geothermal producer. Slide 3
Slide 4: Our differentiation
Green Rock Energy Ltd Our differentiation ▐ Low risk, low capital approach ▐ Develop lower risk projects as first step before larger scale projects ▐ Sedimentary aquifer with hot water at medium depth ▐ Near population centre with increasing electricity price ▐ Funding to be supported by government
Slide 5: Our short term plans
Green Rock Energy Ltd Our short term plans 12 MONTH PLAN, 2009/10 3 YEAR PLAN, 2009 to 2012 ▐ Develop two commercial ▐ WA - evaluate & commence demonstration projects development of: ▐ Perth UWA ▐ Perth metropolitan (20 MWe) Direct use air-conditioning ▐ Alkimos (50 MWe) Funding to be supported
Slide 6: Our projects
Green Rock Energy Ltd Our projects 2009 2010 2011 2012 2013 2014 2015 UWA Alkimos 5MWth 50 MWe North Perth Basin 100 MWe Olympic Dam 400 MWe + Hungary Demonstration Hungary Hungary North East Gádoros-Nagyszénás 50 MWe + 400MWe + Slide 6
Slide 7: Western Australia
Western Australia - UWA Geothermal Energy Project - Alkimos - North Perth Basin - Collie www.greenrock.com.au August 2008 ABN 59 094 551 336
Slide 8: Western Australia
Western Australia Permits ▐ 1,000 km long basin ▐ Sedimentary hot aquifers ▐ water is readily extractable ▐ drilling simple, lower risk ▐ Close to markets ▐ Existing infrastructure ▐ Logistical centre for petroleum & mining industries Slide 8
Slide 9: UWA Geothermal Energy Project
UWA Geothermal Energy Project Technology ▐ Commercial Demonstration Project ▐ Powering UWA’s air-conditioning (heating and cooling) with geothermal energy – replacing electricity ▐ Two geothermal wells ▐ One production – one reinjection ▐ 3 km depth ▐ Water temp -100ºC at surface ▐ Output - 5MWth ▐
Slide 10: UWA Geothermal Energy Project: Absorption chiller
UWA Geothermal Energy Project: Absorption chiller (air-conditioning) A) Conventional Chiller 1. High pressure vaporised, or gaseous, refrigerant flows to a Condenser where it is condensed to a liquid and the heat generated in the process rejected to the atmosphere. 2. The liquid refrigerant then flo
Slide 11: UWA Geothermal Energy Project: Objective
UWA Geothermal Energy Project: Objective ▐ UWA – Commercial Demonstration Project (5MWth) then ▐ Replace all UWA compression chillers (20MWth) ▐ Projects in Perth Metropolitan Area (100 MWth) ▐ Some Potential Project Locations ▐ Charlie Gairdner & Hollywood Hospital ▐ King Edward Hospital ▐ Innaloo
Slide 12: UWA Geothermal Energy Project: Next Steps
UWA Geothermal Energy Project: Next Steps ▐ Obtain Cwth Geothermal Drilling Program Grant 2009 ▐ Contract drilling rig ▐ Drill 1st and 2nd geothermal wells ▐ Water circulation testing 2010 ▐ Design & order Absorption Chiller 2011 ▐ Commission Slide 12
Slide 13: Alkimos District Heating & Cooling
Alkimos District Heating & Cooling Overview ▐ Location – 40km north of Perth ▐ Next major suburban development (Landcorp) ▐ Aiming for carbon neutrality ▐ 60,000 population ▐ Technology ▐ District Heating & Cooling ▐ Potential Distillation Desalination ▐ Geothermal heat source ▐ Hot aquifer 3.5km de
Slide 14: Alkimos District Heating & Cooling: Technology
Alkimos District Heating & Cooling Technology ▐ Provide domestic and commercial buildings with hot and cold water for all heating & cooling needs: ▐ Hot water ▐ Air-conditioning ▐ Heating ▐ Cooling ▐ Base load, zero emission, clean, renewable energy ▐ Major reduction in electricity usage – up to 50M
Slide 15: Alkimos District Heating & Cooling: Technology cont.
Alkimos District Heating & Cooling Technology cont. ▐ 1 geothermal well ▐ Provides energy for approx 10,000 people ie 3,000 homes ▐ Commercially competitive with conventional electricity ▐ Closed Loop System ▐ A heat exchanger, on top of the well, heats a second closed water loop ▐ Underground Trans
Slide 16: Alkimos: Distillation desalination
Alkimos District Heating & Cooling Distillation desalination ▐ Potential for Perth’s 3rd Desalination Plant ▐ Distillation desalination ▐ Multi-effect distillation ▐ Geothermal energy provides energy source ▐ 1 geothermal well ▐ Produces approx 1.8 million m³ distilled water p.a. ▐ Compared to rever
Slide 17: North Perth Basin
North Perth Basin Overview ▐ Location – near Dongara oil & gas fields ▐ Extensive geological data & existing petroleum wells ▐ Geothermal heat source ▐ Hot aquifer 160ºC from 3.5 km depth ▐ Potential ▐ Target electricity generation: 100MWe + power plant Slide 17
Slide 18: Collie
Collie Overview ▐ Location – Collie Basin ▐ (50/50) with Worsley Alumina Pty Ltd ▐ Brown coal fields, power plants and transmission lines ▐ Wellington Dam – potential for water purification ▐ Technology ▐ Electricity generation, water desalination, coal drying ▐ Geothermal heat source ▐ Potential to
Slide 19: South Australia
South Australia - Focus on Olympic Dam www.greenrock.com.au August 2008 ABN 59 094 551 336
Slide 20: Olympic Dam: The heat source
Olympic Dam The heat source Projected temp @ 5km depth Slide 20 ...... situated on a major heat anomaly
Slide 21: Olympic Dam: The location
Olympic Dam The location ▐ 100% owned by GRK ▐ 2,899 sq kms licence area ▐ enormous energy potential ▐ Proximity to national grid & major customer ▐ minimal transmission costs ▐ 15km to power grid ▐ 20km to mine site ▐ Access to infrastructure ▐ airport, roads, engineering, labour force, medical, to
Slide 22: Olympic Dam: The leases
Olympic Dam The leases 120,000 PJ inferred heat resource within 460 km² (shown in green) of the 2,900 km² Lease Area Slide 22 ...... situated on a major heat anomaly
Slide 23: Olympic Dam: The objective
Olympic Dam: The objective – electricity generation ▐ Installed Capacity: 400 MWe + ▐ Incremental Development ▐ First electricity production by 2012 ▐ Levelised Cost: < $90/MWh ▐ Lower than all other alternative power sources in 2020 – MMA Report ▐ Electricity Price (including RECs): $120/MWh ▐ Retu
Slide 24: Olympic Dam: The progress
Olympic Dam The progress ▐ Blanche No 1 well drilled, cored & logged to 1,935 m into hot granite ▐ In-situ stress analysis ▐ Confirmed horizontal stress ▐ Hydro-fracture testing ▐ Successfully opened fractures at expected operating pressures ▐ Well productivity capability (GeothermEx) ▐ Potential of
Slide 25: Olympic Dam: The next steps
Olympic Dam The next steps ▐ Secure Joint Venture 2009 ▐ Contract Drill Rig ▐ Drill 1st and 2nd evaluation well ▐ Hydro-fracture & water circulation testing 2010 ▐ Complete Proof-of-Concept ▐ Order power plant (3-5 MWe) 2011 ▐ Commence production drilling program 2012 ▐ Commission 3-5 MWe power plan
Slide 26: Hungary: Overview
Hungary: Overview ▐ Member of European Union ▐ 50/50 Joint Company with MOL Plc ▐ Hot geothermal region: 140⁰C to +200⁰C ▐ 5,000 MOL wells & seismic surveys ▐ Proximity to international power grid ▐ minimal transmission costs ▐ Access to infrastructure ▐ roads, engineering, labour force ▐ Feed-in ta
Slide 27: Hungary: Objective
Hungary: Objective ▐ Become the market leader in geothermal energy in the Carpathian Basin, through: ▐ Evaluation and selection of the most prospective locations ▐ Initial project – Zala - commercial demonstration (small) plant ▐ Minimal risk ▐ Provide confidence to investors ▐ Four confirmed target
Slide 28: Hungary: Projects
Hungary: Projects ▐ West Hungary, Zala I ▐ Commercial Demonstration Plant ▐ West Hungary, Zala II ▐ Electricity generation from fractured sediments with good reservoir potential ▐ 160ºC at 3,500m ▐ Target initial 20 MWe power plant ▐ North East Hungary ▐ Electricity generation ▐ 142ºC at 2,500m ▐ Ta
Slide 29: About Geothermal Energy
About Geothermal Energy www.greenrock.com.au August 2008 ABN 59 094 551 336
Slide 30: Geothermal Energy: Installed Capacity
Geothermal Energy: Installed Capacity > 9,000MWe (2006) JAPAN RUSSIA USA ICELAND ITALY GERMANY 535MWe (KAMCHATKA) 2564MWe 207MWe 791MWe <1MWe 79 MWe CHINA (TIBET) 28MWe AUSTRIA 1MWe PHILIPPINES 1930MWe TURKEY 20MWe THAILAND <1MWe PORTUGAL (AZORES) INDONESIA 16MWe 797MWe PAPUA NEW ETHIOPIA GUINEA 7MW
Slide 31: Geothermal Energy: Sources of geothermal energy
Geothermal Energy: Sources of geothermal energy Slide 31
Slide 32: Geothermal Energy: Attributes
Geothermal Energy: Attributes ▐ Zero emissions ▐ Renewable energy ▐ Minimal noise ▐ Minimal physical footprint ▐ Minimal visual impact ▐ Base load - 95% availability ▐ Does not require back-up or storage ▐ Certainty of operating cost ▐ Scalable production & modular power plants Slide 32
Slide 33: Geothermal Energy: External support
Geothermal Energy: External support ▐ Renewable Energy Target - 20% renewable energy by 2020 ▐ Will add $60/MWh (and more) to the price of electricity ▐ Carbon Pollution Reduction Scheme - Emission Trading Scheme ▐ Will add $20/WMh (and increasing) to the price of electricity ▐ Increasing coal and n
Slide 34: Geothermal Energy: Unit Costs
Geothermal Energy: Unit Costs LONG RUN MARGINAL COSTS 2020 Based on: $/MWh ▐ Mid 2008 dollar terms ▐ Carbon prices as per Roof Top P.V. 507 Treasury’s CPRS-5 Solar Thermal 250 scenario Gas with Carbon Capture 104 ▐ Excludes transmission Wind 102 costs Coal with Carbon Capture 101 Geothermal – Hot Ro
Slide 35: Geothermal Energy: Sub-surface technologies
Geothermal Energy: Sub-surface technologies ▐ Drilling & Fracturing ▐ Drilling, pumping, fracture stimulation & safety technologies - similar equipment to petroleum ▐ Large rigs required for deep drilling ▐ High temperature tools needed ▐ Production ▐ High temperature large volume pumps (line shaft
Slide 36: Geothermal Energy: Electricity Generation
Geothermal Energy: Electricity Generation ▐ Base load power generation ▐ Binary power plants have high availability, typically around 95% ▐ Can operate below 100 ⁰C, commercial plants generally require >140⁰C 100 Mwe Binary Power Plant, Mokai, New Zealand Slide 36 ...... conventional above ground po
Slide 37: Geothermal Energy: Landau, Germany
Geothermal Energy: Landau, Germany Constructed and commissioned in November 2007 by Dr Jörg Baumgärtner Director, Green Rock Energy Ltd Slide 37
Slide 38: Soultz-sous-Forets, France
Geothermal Energy Ltd Soultz-sous-Forets, France Hot Rock (Engineered Geothermal System) Project Project managed by Dr Jörg Baumgärtner Director, Green Rock Energy Ltd Slide 38
Slide 39: Green Rock Energy Limited - powering a cleaner future
Contact us at: Unit 2, 38 Colin Street, West Perth, 6005, WA Australia T: (+61 8) 9482 0482 F : (+61 8) 9482 0499 W : www.greenrock.com.au Adrian Larking, Managing Director [email protected] Alan Knights, Executive Director [email protected] Green Rock Energy Limited ..... powering a
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