Strategically, the company is focused on exploring and developing its extensive portfolio of volcanic prospects in Chile and Peru complimented with Hot Sedimentary Aquifer prospects in Australia.The Board of Hot Rock Limited has commenced a strategic review of the company and its projects. This includes potential options for a restructuring, cost cutting and refocusing program for the company's projects which may include the sale or other disposal of projects currently held.
This comes in response to current market conditions in which the ability of the company to raise sufficient capital or to attract joint venture partners to develop the current projects has proved to be extremely difficult despite the quality of the projects held by Hot Rock. The company will advise the market of any material developments in relation to the review as and when they occur.
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