Panax Geothermal Ltd is an Australian geothermal company based in Queensland. Its focus is on exploring existing reservoirs containing hot geothermal fluids. In March 2010 it succeeded to drill the first geothermal well in Australia to test a Hot Sedimentary Aquifer at the Penola Project in South Australia. The project received a $7 million federal government grant. In October 2010 the company acquired 45% of the Sokoria geothermal project on Flores island Indonesia.
Key people are Dr Lambertus de Graaf and CEO.