Hot Dry Rocks
A 1.5 metre needle probe capable of detecting the heat signature from gold, copper, geothermal resources buried hundreds of meters below.
Caloracus is a spin-off of Hot Dry Rocks, an South Yarra Geothermal Consultancy. The company will be manufacturing "Heat Needles" for use in geothermal, copper, gold, and uranium exploration. Additional markets exist in smart grid, radioactive waste, and hydrology. Customers will be resource and exploration firms looking to verify subsurface heat signatures. Sales model will be rental or direct sale to geophysical equipment companies.