Mineral exploration company Cornish Lithium Ltd has struck a deal with an energy producer to look for sites where geothermal heat can be developed on a commercial basis.
The Cornwall-headquartered business has agreed a heads of terms with IGas Energy Plc, a British energy company and the parent of geothermal heat developer GT Energy UK Ltd. The companies want to work together to evaluate suitable sites where geothermal heat can be produced and create a pilot project.
Cornish Lithium has secured extensive land and mineral rights agreements in the South West and has developed 3D models of the subsurface geology and mineral potential of the region by using historic records combined with data from modern sources such as satellite imagery, geophysical data and drone mapping.
