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Petratherm Limited is engaged in carrying out exploration of mineral tenements, both on a joint venture basis and by the Company in its own right; seeking extensions of areas held and to seek out new areas with mineral potential, and evaluating results achieved through surface sampling, drilling and geophysical surveys. The Company holds interest in Paralana Geothermal Energy Project (GEL 156), which is located approximately 600 kilometers north of the city of Adelaide, South Australia and is adjacent to the Mt Painter region of the northern Flinders Ranges. The Paralana Geothermal Energy Project (GEL 156) focuses on testing viable engineered geothermal resources for electricity generation. The Company also holds interest in Kempton Petroleum License (EL3/2013)-Tasmania. The Company holds interest in approximately 2,100 square kilometers license area of Kempton Petroleum License (EL3/2013), which comprises the area for hydrocarbon accumulation.