Whitebark Energy Ltd (AU:WBE) has released an update.
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Whitebark Energy Ltd has extended its reach in the renewable energy sector by securing a new Geothermal Exploration Permit (EPG2054) in Queensland’s Cooper Basin, enhancing its geothermal and hydrogen production capabilities. This expansion to approximately 10,113 square kilometers supports the company’s strategy to create a ‘Hydrogen Hub’ utilizing geothermal energy, in line with government incentives. Preliminary data indicate the permit area has significant geothermal potential, positioning Whitebark to contribute to sustainable, long-term energy solutions.
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