Whitebark Energy (ASX: $WBE) announces expansion of geothermal portfolio

Whitebark Energy Limited (ASX: $WBE) has announced the acceptance of an additional Geothermal Exploration Permit, EPG2049, in the Cooper Basin, Queensland. This new permit, comprising 1250 sub-blocks, adds to the Company's existing EPG2037 permit in South-East Queensland, reflecting Whitebark's commitment to capitalizing on the growing demand in the Australian Renewable Energy market.

Executive commentary on geothermal expansion

The acceptance of EPG2049, along with the recent acceptance of EPG2037, represents an exciting development in the Company's geothermal strategy. Whitebark, in collaboration with its technology partners, is well-positioned to deliver geothermal energy and green hydrogen into the national highway network. The Company's disciplined and focused strategy, combined with the expertise of its technology partner and internal team, is expected to drive significant value for shareholders.

Summary of Whitebark Energy's geothermal expansion

Whitebark Energy Limited (ASX: $WBE) has expanded its geothermal portfolio with the acceptance of EPG2049 in the Cooper Basin, Queensland. This expansion, in addition to the existing EPG2037 permit, demonstrates the Company's commitment to capitalizing on the rapidly growing demand in the Australian Renewable Energy market. The Company's strategic location, close-to-market sites, and focus on emerging renewable energy sources position it well for future growth. With a disciplined and focused strategy, Whitebark aims to realize cash flow and drive significant value for shareholders through geothermal and green hydrogen production. The Company will continue to provide progress updates to shareholders as it develops and grows its Gas and Geothermal exploration assets.