Petratherm is committed to developing a portfolio of mineral exploration projects with high growth potential.
Petratherm was incorporated on 24 October 2003 and historically operated as a engineered geothermal company with tenement interests in Spain, South Australia and Tasmania. More recently, following a divestment of its geothermal interests, the Company re-listed on the Australian Securities Exchange in 2018 (ASX Code: PTR) and is actively involved in mineral exploration projects in Australia.
Petratherm’s exploration focus is on Olympic Dam Style Iron-Oxide Copper-Gold (IOCG) and high-grade gold on the Gawler Craton of South Australia. At Mabel Creek first pass drilling identified two areas showing extensive IOCG style hydrothermal alteration. The Company’s newly acquired Woomera Project is highly prospective for IOCG mineralisation and is close to Coda Mineral’s recent Emmie Bluff Deeps IOCG discovery. Gravity modelling work has defined several high priority IOCG drill targets which the Company is focused drill testing during the 2022 calendar period.
The Comet Gold Project, totalling 1,190km2, contains prospective Archean strata of the Northern Gawler Craton which hosts numerous gold occurrences such as the Challenger gold deposit (1.1 Moz @ 5.1g/t) and is located 30 kilometres east from the recent high-grade Aurora Tank Gold discovery. Exploration drilling works have defined three new gold prospect sites under shallow cover.