RRS Gather Round Presentation
Released
Released
Announcement PDF
ASX:GRV
Exploration and growth for
clean energy and critical
infrastructure
RRS Gather Round
April 2026
GREENVALE ENERGY LIMITED
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Greenvale is an exploration company committed to building a portfolio of
future facing projects that will support the need for clean energy and critical
infrastructure
WORLD-CLASS
OPERATING
JURISDICTIONS
FOCUSED
EXPLORATION
MINING INDUSTRY
LEADERS
INVESTING IN
EXPLORATION
An experienced board and management team with a proven track
record of making discoveries, growing resources and advancing
assets into production.
Diversified portfolio of high-potential projects, located in world-
class mining jurisdictions with the right geological setting.
A clear and disciplined strategy focused on delivering uranium
exploration success with prudent capital allocation.
SUSTAINABLE
ENERGY THESIS
Uranium is re-emerging as a critical strategic asset, underpinned
by nuclear energy's role in decarbonization and energy security.
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GREENVALE ENERGY LIMITED
GREENVALE ENERGY LIMITED
3
CAPITAL STRUCTURE
Highly experienced team, fully-aligned with shareholders, striving to deliver long-term, sustainable growth
CORPORATE
OVERVIEW
$0.038
Share price
(@31 March 2026)
592M
Shares on Issue
21.5 M
Options
$0.07 exercise price
30 Nov 2026 expiry
≈$22M
Market Cap
(Undiluted)
17 M
Performance
Rights
≈$2.8M
Cash/Cash
Equivalent
(@31 Dec 2025)
MR ALEX CHEESEMAN
Managing Director
Over 25 years’ experience in leadership
and operations across exploration and
operations
Previous GM/C-level experience with ASX-
listed exploration and mining companies
Expertise in project development, capital
markets and operations
MR NEIL BIDDLE
Chairman
Over 35 years’ experience in exploration
and mining operations
Founding Director of ASX:PLS
Extensive experience at senior executive
and board-level
Demonstrated ability to create significant
value for shareholders
MR ELIAS KHOURI
NED
Expertise in equity capital markets and
corporate finance
Extensive experience in capital raisings
and strategic transactions
Experience across major global exchanges
including ASX, AIM, TSX, NYSE, NASDAQ
and Frankfurt
BOARD AND MANAGEMENT
SHAREHOLDERS
Board and Management
Top 20 (Excl. Board)
Balance
MR PETER HARDING-SMITH
CFO/CoSec
MS ASHA RAO
Consulting Geologist/CP
MR SAM MEGHARAJ
Metallurgist/Process Engineer
GREENVALE ENERGY LIMITED
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DOUGLAS RIVER PROJECT
Uranium ~200 km S of Darwin.
Located in the Pine Creek Region, a world-class uranium district hosting Ranger, Jabiluka and
Thunderball, large-scale radiometric anomalies identified*. Priority 2026 exploration.
MILLUNGERA BASIN
Energy ~200 km E of Mt Isa.
Free-carried farm-in underway with ASX:SRL / I-Pulse. Stored thermal energy potential
exceeding 611,000 petajoules.
OASIS PROJECT
Uranium ~250 km W of Townsville.
8,500+ m drilled to date, high-grade results*, multiple step-out targets identified. Priority
2026 exploration.
ALPHA PROJECT
Bitumen ~450 km W of Rockhampton.
28Mt Resource*, strategic opportunity for domestic bitumen supply, processing testwork
ongoing. Priority 2026 development studies.
ELKEDRA-HENBURY PROJECT
Uranium N and S of Alice Springs.
Different geological settings both known to support uranium mineralization.
* Refer to Exploration/Compliance statement
Greenvale holds a diversified suite of projects, all located in world-class mining jurisdictions. All projects are aligned to
the future facing themes of clean energy and critical infrastructure.
DIVERSE
PORTFOLIO
GREENVALE ENERGY LIMITED
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Source: Shaw and Partners
Source: Shaw and Partners
Global exploration and development investment for new uranium supply has failed to keep pace with downstream
investment and growth
STRUCTURAL
SUPPLY DEFICIT
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2034
New forecast Old forecast
URANIUM PRICE (US$/Ib)
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2026 Low 2040 Base 2040 High 2040
Demand Supply New Supply Required
DEMAND ACCELERATING
• Decarbonisation driving renewed focus on nuclear
• Rapid growth in data centres and AI increasing electricity demand
• Global policy support to triple nuclear capacity by 2050
• Reactor restarts and new builds across the US, China and India
• Emerging technologies expanding long-term demand outlook
SUPPLY REMAINS CONSTRAINED
• A decade of underinvestment limiting new supply
• Operational and production challenges seen by current producers
• Structural decline in major producers later this decade
• Increasing geopolitical complexity impacting supply security
• Sustained period of incentive pricing required
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GREENVALE’S
PROJECT PIPELINE
GREENVALE ENERGY LIMITED
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SCALE
POTENTIAL
Fully owned project with growth potential , all upside accrues
directly to Greenvale shareholders
ESTABLISHED
INFRASTRUCTURE
HIGH-GRADE
RESULTS
Primary exploration focus in 2025 with reconnaissance exploration in June, commencement of drilling in July and results
confirming a high-grade deposit with scale potential.
OASIS
PROJECT
2025 drilling returned multiple high-grade intercepts, up to
6,929 ppm U3O8*.
Deposit remains open laterally and at depth. Multiple
regional target/geophysical anomalies* yet to be tested.
Exploration and mining services accessible from Townsville
and Charters Towers, camp infrastructure in place, with
sealed road access to an operating deepwater port.
MAXIMUM
VALUE
* Refer to Exploration/Compliance statement
GREENVALE ENERGY LIMITED
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Chemical assays from the 2025 maiden drill program validated historical results and extended the mineralization
envelope both laterally and at depth expanding the previous geological model. The Oasis deposit is ready for step-out
drill testing and the under-explored regional targets provide the opportunity for greater scale.
OASIS
PROJECT
High-Grade Drill Results*
9m @ 758ppm U3O8 from 40m
(25GRV001), including 1m @
1,637ppm U3O8
8m @ 2,125ppm U3O8 from 84m
(25GRV002), including 1m @
6,929ppm U3O8
4.5m @ 801ppm U3O8 from 84m
(25GRV010), including 1.5m @
1,685ppm U3O8
8.5m @ 566ppm U3O8 from 109m
(25GRV008), including 3m @
1,276ppm U3O8
* Refer to Exploration/Compliance statement
Multiple Regional
Anomalies Identified*
Radiometric anomalies
correlating with structure
Reconnaissance sampling
returned anomalous results
along regional trends
Multiple targets identified for
ground-truthing
Growth Potential
Oasis deposit remains open
along strike and at depth
Regional targets identified
through multiple/concurrent
vectoring techniques – ready
for ground truthing
Exploration focus is to develop
high-confidence drill targets
Exploration Operations
Model Fully Developed
Stakeholder engagement process
well established
Support services/infrastructure
in location
Strong technical support within the region
Quick and efficient mobilization to site
GREENVALE ENERGY LIMITED
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Clear exploration plan – develop regional targets ready for initial drill testing, step-out drill test lateral and depth
extensions at the Oasis deposit.
OASIS
PROJECT
Further Expansion Optionality – EPM 29203 – along the regional trend of the
Lynd Mylonite Zone – no previous exploration or target development –
significant greenfield opportunity.
Open Deposit – Oasis is ready for step-out drill testing lateral extensions
and also depth extensions – high-confidence targets identified from
trenching completed in late 2025.
Compelling Regional Targets – Exploration target areas identified from
multiple geophysics and geochemical datasets – quality targets to test.
Rapid Deployment Potential – Key operating protocols in place, technical and
administrative services ready, clear plan for immediate field work.
Forward work plan, priorities and opportunities
GREENVALE ENERGY LIMITED
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WORLD
CLASS
UPSIDE
POTENTIAL
Multiple uranium deposits within the region and a history of
uranium mining, bolstered by strong government support for
uranium exploration and operations.
SCALE
DOUGLAS RIVER
PROJECT
Located within the the world-class Pine Creek Orogen, a region that hosts several significant uranium deposits,
including Ranger, Jabiluka and Thunderball.
The Pine Creek Orogen hosts world-class uranium deposits with
both size and grade. More broadly the NT has a global pedigree as
a natural resources hub.
URANIUM
DISTRICT
A significant (≈1,216km2) land position , immediately adjacent to
known, high-grade uranium deposits. Scale potential increases
the opportunity for discovery.
Limited opportunities to explore in 2025 - Douglas River sits in a
mature and highly-endowed province giving rise to discovery
success - a high priority for field work in 2026.
GREENVALE ENERGY LIMITED
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The project area covers prospective stratigraphy and structural corridors considered favorable for unconformity-related
uranium, structurally controlled vein-style systems and potential intrusive-related uranium deposits — multiple deposit
styles within a single land package
DOUGLAS RIVER
PROJECT
The Right Geological
Setting
The project straddles key
stratigraphic contacts
including the Cambro-
Ordovician Daly Basin (~510–
470 Ma), the Mesoproterozoic
Birrindudu Basin (~1,600–
1,000 Ma), and the underlying
Neoarchaean to
Palaeoproterozoic Pine Creek
Orogen (~2,800–1,600 Ma).
The Hayes Creek Fault Zone a
major NE-SW structural
system forms a dominant
fluid pathway in the area -
evidenced by numerous
uranium prospects situated
along its trace, including
Thunderball and Bella Rose.
* Refer to Exploration/Compliance statement
Underexplored in 2025
Protracted application
process ongoing for
ELA34114 and ELA33900
Exploration in 2025 was
limited to airborne and
remote techniques
Radiometric anomalies and
gas anomalies identified
along key regional
structures*.
Priority for exploration
in 2026
Granting of EL34157 sets the
conditions for field work in
the 2026 field season.
Stakeholder engagement has
commenced.
Contractors engaged for
initial works
GREENVALE ENERGY LIMITED
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Clear exploration plan – infill airborne radiometric and magentics, ground truth identified anomalies, focus on key
regional structure associated with adjacent high-grade uranium mineralization.
DOUGLAS RIVER
PROJECT
Consolidation Potential– Opportunities being explored to consolidate ground
and exploration tenure where the geological setting is conducive to uranium
deposition.
Strong correlation with geophysics – Airborne radiometric and
magnetics to be flown over EL34157, historical exploration in the
regional demonstrates strong correlation between geophysical
techniques and successful drill testing.
Cost-effective initial exploration – field teams, hand held equipment,
mapping and sampling to be undertaken on EL34157.
Continued engagement to unlock more ground – ELA34114 and ELA33900
procedural matters concluding – potential for determination ahead of the field
season.
Forward work plan, priorities and opportunities
GREENVALE ENERGY LIMITED
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SUBSTANTIAL
RESOURCE*
Current test program entering final stages, seeking to
achieve C-170 certification for Alpha’s product
SUPPLY CHAIN
INDEPENDENCE
ALPHA
PROJECT
EXTENSIVE PROCESS
DEVELOPMENT
A strategic opportunity to address supply chain vulnerability – delivering vertically integrated bitumen Australian roads,
ending reliance on complex and costly international supply chains for critical road infrastructure.
Australia currently imports nearly all of its bitumen through
a complex, costly and geopolitically exposed supply chain.
Alpha directly addresses this national infrastructure risk.
28Mt Inferred Mineral Resource Estimate – providing
27.7 million barrels of synthetic oil equivalent.
Process development has centered on high-pressure
liquefaction of torbanite to produce bitumen, bypassing
high-off gas pyrolysis processing techniques.
PRODUCT
CERTIFICATION
PENDING
* Refer to Exploration/Compliance statement
GREENVALE ENERGY LIMITED
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ALPHA
PROJECT
Project Status
The Alpha Project is located approximately 450 km West of Rockhampton.
Multiple liquefaction test programs have been completed to refine conversion and
extraction process to produce a bituminous material.
Test Program 7 (TP7) commenced in May 2025 and was designed to scale operating
conditions and produce a bulk sample suitable for third-party certification against the
Australian C-170 specification.
TP7 Milestone 1 (equipment procurement, installation and commissioning) experienced
significant delays.
TP7 Milestone 2 (scaling TP6 operating conditions and validating performance) was
completed in December 2025.
TP7 Milestone 3 (production of bulk sample) was completed in March 2026.
The next phase of TP 7 involves downstream analysis and where applicable product
refinement/blending to meet C-170 specification requirements.
Technix of New Zealand are engaged as a specialist bitumen adviser to analyze and where
needed modify the TP7 bulk material ahead of product certification.
Strategic Rationale
Australia imports nearly all of its bitumen, creating supply chain vulnerability.
Roads are treated as critical infrastructure in Australia.
Partnering opportunity for current suppliers seeking local/stable supply.
Industry experts are predicting (and warning) of a 50% increase in bitumen price.
Alpha Test Program 7 continues to advance, with a clear focus of producing a bituminous product that can be
independently certified to C-170 specification.
Source: Australian Flexible Pavement Association Industry Statement Global Bitumen Supply Chain Disruption March 2026
https://afpa.asn.au/global-bitumen-supply-chain-
disruption-afpa-industry-statement-march-2026/
GREENVALE ENERGY LIMITED
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ALPHA
PROJECT
Alpha Test Program 7 continues to advance, the program has the single aim of producing a bituminous product from
that can be independently certified to C-170 specification.
Met-core drilled at Alpha 4Ltr pressure reactor and inductotherm heater Post reaction slurry (positive fluid dynamics) Retrieved Toluene Soluble material
Forward work plan, priorities and opportunities
Preliminary assessment underway – Technix have commenced initial assessment and requested additional material (to be dispatched this week).
Gated development – Each test presents as a technical gate, weekly management meetings to ensure technical challenges are identified early.
Certification is key – C-170 certification is the key to enable economic assessment and feasibility studies.
Process development
GREENVALE ENERGY LIMITED
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NEAR TERM
CATALYSTS
Concurrent work fronts across multiple projects, all with a clear understanding of what is required, how to deliver and
drive value for shareholders
Q2 CY26 Q3 CY26 Q4 CY26
URANIUM PROJECTS
Douglas River - Airborne radiometric and magnetics
Douglas River - Field work ground truthing sentinel data and
Radiometric anomalies
Oasis - Fieldwork regional target development
Oasis - Potential drill testing
ALPHA
TP7 product development with Technix
TP7 product certification
Economic assessments
CORPORATE
Uranium M&A opportunities
Collaboration opportunities for Alpha
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ASX:GRV
Thank You
TELEPHONE: 0485 603 120
EMAIL: admin@greenvaleenergy.com.au
WA OFFICE
Level 1, 1 Alvan St Subiaco, WA 6008
QLD OFFICE
Level 12, 10 Market St Brisbane, QLD 4000
Scan for Website
GREENVALE ENERGY LIMITED
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ASX:GRV
IMPORTANT NOTICE These presentation slides (the “Slides”) have been issued by Greenvale Energy Limited (the “Company” or
“Greenvale”) in relation to an update on activities by the Company. The Slides do not constitute an offer or invitation to purchase or
subscribe for any securities of the Company and should not be relied on in connection with a decision to purchase or subscribe for any
such securities. The Slides do not purport to contain all of the information that an investor should consider when making an investment
decision. The Slides, and any accompanying verbal presentation (together, the “Presentation”), do not constitute a recommendation
regarding any decision to sell or purchase securities in the Company. By attending an investor presentation or briefing, or accepting,
accessing orreviewing the Slides, you acknowledge andagree to theterms set out below.
SUMMARY INFORMATION The Presentation is confidential, and the Slides are supplied to you solely for your information and may not
be reproduced or distributed to any other person or published, in whole or in part, for any purpose. Whilst steps have been taken to
confirm the information included in the Presentation, no representation or warranty, express or implied, is given by or on behalf of the
Company, directors, officers, employees, agents or advisors or any other person (“Greenvale Parties”) as to the fairness, accuracy,
correctness, adequacy or completeness of the information or opinions contained in the Presentation. No liability is accepted by such
Greenvale Parties foranysuch information oropinionsorotherwise arisinginconnection therewith.
Other market and industry data used in this Presentation may have been obtained from research, surveys or studies conducted by third
parties,includingindustryor general publications.NoneoftheGreenvale Parties haveindependently verified anysuch market orindustry
data provided by third parties or industry or general publications. No reliance should be placed on the information or opinions contained
in this Presentation, which are provided as at the date of this Presentation (unless otherwise stated) and to the maximum extent
permitted bylaw, the Companyhas noobligation to update theinformation contained inthis Presentation.
NOT FINANCIAL PRODUCT OR ADVICE The Presentation is not intended to constitute investment or financial advice (nor as tax,
accounting or legal advice) and should not be treated as such. This Presentation has been prepared without taking into account the
objectives, financial situation andparticular needs ofindividuals.
The Slides do not constitute a prospectus, product disclosure statement or other offering document under Australian law (or any other
law), but simply provide an overview to allow prospective investors to decide whether to carry out their own independent investigations
and seek their own advice before making a decision whether to invest in the Company. The Presentation will not form part of any
agreement orcommitment forthe acquisition ofanyofthe Company’s securities.
To the maximum extent permitted by law, the Company and its officers, employees and agents disclaim all liability and responsibility
(including without limitation any liability arising from fault or negligence on the part of Greenvale, its officers, employees and agents) for
any direct or indirect loss or damage which may be suffered by any recipient through use of or reliance on anything contained in or
omitted fromthePresentation.In makingan investment decision,investors must relyon theirown examination oftheCompanyincluding
the merits and risks involved. An investment in securities is subject to known and unknown risks, some of which are beyond the
Company’s control. Prospective investors should have regard to the key risks contained within the Presentation when making their
investment decision. Investors should consult with their own legal, tax, business and/or financial advisors in connection with any
acquisition ofsecurities.
INVESTMENT RISKS All investments in securities are subject to known and unknown risks, including an investment in Greenvale shares.
Some of these risks are beyond the control of Greenvale and its directors and officers, and Greenvale does not guarantee any particular
rate of return or level of performance. You should consider such risk factors when deciding whether or not to invest in the Company.
Cooling offrights donotapply tothe acquisition ofnew sharesin Greenvale.
FORWARD-LOOKING STATEMENTS The Slides contains certain statements and expressions of belief, expectation or opinion which are
forward-looking statements, and which relate, inter alia, to the Company’s proposed strategy, plans and objectives or to the
expectations orintentionsofthe Company’s directors.
Such forward-looking statements are subject to change without notice and involve known and unknown risks, uncertainties and
other important factors beyond the control of the Company that could cause the actual performance or achievements of the
Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking
statements and the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking
statements, except where required by law or regulation. Any statement as to the past activities of the Company’s directors should
not be relied upon as being an indication of their future performance. Indications of, and guidance on, future earnings and financial
position and performance of the Company and any estimations of mineral resources are forward-looking statements. As are
statements containing the words “expect", "anticipate", "estimate", "intend", "believe", "guidance", "should", "could", "may", "will",
"predict", "plan" and other similar expressions. Investors are strongly cautioned against placing undue reliance on forward-looking
statements, especially considering the potential forvolatility, uncertainty anddisruption tobecaused byregional andworld events.
DISCLAIMER To the maximum extent permitted by law, the Company and each of its respective related bodies corporate,
shareholders and affiliates, and each of their respective officers, directors, partners, employees, representatives, affiliates, agents,
consultants and advisers (each a"Limited Party"):
• expressly disclaim any and all responsibility and liability (including, without limitation, any liability arising from fault, negligence or
negligent misstatement) for any direct, indirect, consequential or contingent loss or damage arising from the Presentation or reliance
onanything contained inoromitted from it orotherwise arisinginconnection with thePresentation;
•disclaim anyobligations orundertaking torelease anyupdates orrevisions tothe information in thePresentation; and
• do not make any representation or warranty, express or implied, as to the accuracy, reliability, completeness or fairness of the
information, opinions and conclusions contained in the Presentation or that the Presentation contains all material information about
the Company or that a prospective investor or purchaser may require in evaluating a possible investment in Greenvale or acquisition
of shares in Greenvale, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any
forward-looking statement.
COMPETENT PERSON STATEMENT The information in this presentation that relates to the Alpha Mineral Resource Estimate is
based on information compiled by Mr. Carl D’Silva, a Competent Person who is a Member of The Australasian Institute of Mining and
Metallurgy (Member number 333432). Mr. D’Silva is a full-time employee of SRK Consulting (Australasia) Pty Ltd, a group engaged by
the Company in a consulting capacity. Mr D’Silva has sufficient experience that is relevant to the style of mineralisation and type of
deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of
the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr D’Silva consents to the
inclusion in the report of the matters based on his information in the form and context in which it appears. The Company confirms
that it is not aware of any new information or data that materially affects the information included in the Mineral Resource Estimate
dated 13 Nov 2023 as announced to the ASX on that date and which is available at www.greenvaleenergy.com.au. The Company
confirms that in relation to the Alpha Torbanite Project Mineral Resource Estimate, all material assumptions and technical
parameters underpinning the estimate continue to apply and have not materially changed when referring to its resource
announcement made on 13Nov 2023.
The information in thispresentation thatrelates touranium exploration results isbased oninformationcompiled byMs Asha Raowho is
Technical Advisor & Competent Person to Greenvale Energy Ltd and is a Member of both the Australasian Institute of Mining and
Metallurgy (AusIMM, #228188) and the Australian Institute of Geoscientists (AIG, #6925). Ms Rao is a Consultant to the
Company, and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration,
and to the overseeing of activities being undertaken to qualify as a Competent Person (as defined in the JORC 2012 edition of the
“Australasian Code for Reporting of Mineral Resources and Ore Reserves”. Ms Rao consents to the inclusion of this information
in the form and context in which it appears.
DISCLAIMER
GREENVALE ENERGY LIMITED
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ASX:GRV
No New Information
This document contains information relating to Exploration Results extracted from ASX market announcements reported previously and published on the ASX platform on those dates noted below and available on the
Company’s website.
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical
parameters underpinning the estimate in the original market announcement continue to apply and have not materially changed.
The Statements in this presentation concerning Exploration Results can be seen in announcements dated as follows:
16 March 2026 (Oasis):
26 February 2026 (Douglas River):
11 February 2026 (Oasis):
18 December 2025 (Oasis);
16 December 2025 (Alpha);
12 November 2025 (Oasis);
29 October 2025 (Oasis);
21 October 2025 (Oasis);
17 September 2025 (Oasis);
4 September 2025 (Oasis);
1 September 2025 (Henbury);
8 August 2025 (Douglas River);
17 June 2025 (NT Projects); and
15 May 2025 (NT Projects).
This document contains information relating to the Mineral Resource Estimate for the Alpha Project, which is extracted from the Company’s ASX Announcement 51% Increase in Alpha resource substantially
expands project scale and potential released 13 November 2023 and reported in accordance with the 2012 JORC Code and available for viewing on the Company’s website. The Company confirms that it is not
aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the Mineral
Resource Estimate continue to apply and have not materially changed.
EXPLORATION
COMPLIANCE
GREENVALE ENERGY LIMITED
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ASX:GRV
PROJECT OVERVIEW
Located approximately 120km east of Mount Isa, within the North-West Minerals Province, the
Millungera Basin Geothermal Project (“the Project”) sits over one of the most prospective areas for
geothermal energy in Queensland. The targeted heat source for the Millungera Basin is high heat
producing intrusives underlying the basin. Granitic bodies have been inferred from geophysical data to
underlie the Millungera Basin and are possible Williams Supersuite equivalents.
ENERGY CAPACITY
The Millungera Basin has a total stored thermal energy potential likely to exceed 611,000 petajoules (at
90% probability). In the financial year 2022-2023, Natural Gas production in Australia produced 6,200
petajoules, and black coal (Australia’s largest energy producing commodity) produced 10,784 petajoules
(from 401 million tonnes). The Millungera project has the potential to be a significant contributor future
clean energy supply for Australia. Refer to ASX Announcement Significant geothermal potential of
Millungera Basin confirmed released 6 September 2022.
MILLUNGERA BASIN EPG TENURE
FARM-IN AND JOINT VENTURE
In November 2025 the Company entered into a Farm-in Agreement with SRL Hot Rocks Pty Ltd, a 100%
owned subsidiary of Sunrise Energy Metals Limited (ASX:SRL) whereby Sunrise is able to earn a 80%
interest in the Project by spending $5 million over five years (minimum obligation before option to
withdrawal of $50,000) over two expenditure periods: Phase 1 of $2 million over three years and Phase
2 of $3 million over two years.
GEOTHERMAL
PROJECT
Untapped renewable power, strategic partner undertaking initial work, with Greenvale free-carried.
Millungera Basin GeothermalProjectmap
EPG Grant date Term Expiry date
2023 – Julia Creek 19 September 2025 5 years 18 September 2030
2024 – Lara Downs 10 September 2025 5 years 9 September 2030
2025 – Ouchy 6 November 2025 5 years 5 November 2030
GREENVALE ENERGY LIMITED
21
URANIUM PEDIGREE
Projects are located in the Amadeus
Basin (with known uranium deposits –
Angela/Pamela) and Georgina Basin
(known for hydrocarbons associated
with uranium deposition).
INFRASTRUCTURE
Exploration based out of Alice
Springs, ready access to technical
trades and operators to support
exploration and project
development.
The region is structurally complex, with major fault systems and deep sedimentary basins. The region contains known
uranium deposits but potential remains, particularly in the underexplored Georgina Basin, for sediment-hosted uranium
systems.
ELKEDRA-HENBURY
PROJECT
WORK COMPLETED AND FORWARD OPPORTUNITIES
Project wide airborne geophysics flown (2024/25).
Elkedra contains a significant 8km-long radiometric anomaly* situated
in prospective Arthur Creek siltstone and Andagera Formation conglomerates.
Coincident NE-trending helium anomaly suggesting possible structure at that
contact, but this needs to be confirmed.
Henbury is situated within prospective geological formations (Meerenie
Sandstone), proximal to known oil and gas fields (excellent reductants for
uranium).
Initial reconnaissance exploration completed at Henbury in Sept 2025. Follow-
up targets identified for mapping/sampling.
* Refer to Exploration/Compliance statement
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