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Cradle Resources Limited ( (AU:EE1) ) has issued an update.
Earth’s Energy Limited has released its quarterly activities report, highlighting its ongoing evaluation of geothermal assets in South Australia and Queensland. The company is conducting a comprehensive review of its Paralana and Flinders West Projects, with a focus on assessing the potential for Enhanced Geothermal Systems and other advanced technologies. While initial reviews show promise, further work is needed to determine the viability of these projects. The company is also reviewing the potential development of geothermal-powered data centers near Brisbane, with external assessments underway to guide future investments.
More about Cradle Resources Limited
Earth’s Energy Limited is a company involved in the geothermal energy industry, focusing on exploration and development of geothermal assets. The company holds significant geothermal exploration licenses in South Australia and Queensland, and operates under a joint venture with an 84% shareholding.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.75M
For detailed information about EE1 stock, go to TipRanks’ Stock Analysis page.