RRS Gold Coast Investor Presentation
Released
Released
Announcement PDF
ASX:GRV
Building a Major New Uranium
District in the Northern Territory
RRS Gold Coast Conference
Wednesday 9 September 2026
GREENVALE ENERGY LIMITED
ASX:GRV
CAUTIONARY
STATEMENT
The Thunderball Inferred MRE was previously reported byThundelarra under the JORC Code 2004 toASX on 7February 2011, inan announcement titled "Thunderball Uranium Maiden JORC Resource". It isacknowledged that:
•the Inferred MRE has not been reported inaccordance withthe JORC Code 2012;
•a Competent Person has not done sufficient work to disclose the Inferred MRE in accordance withthe JORC Code 2012;
•itispossible that following evaluation and/or further exploration work the currently reported estimates may materially change andhence will need tobereported afresh under and inaccordance with the JORC Code 2012;
•after review ofthe original Thundelarra and PTN exploration results and Inferred MRE, nothing has come tothe attention of Greenvale that causes ittoquestion the accuracy or reliability ofPTN reported exploration results or Thundelarrra Inferred MRE for the Thunderball deposit;but
•Greenvale has not independently validated PTN's exploration results orThundelarra’s Inferred MRE and therefore isnot to beregarded as reporting, adopting or endorsing those results or estimates.
The historical Thunderball mineral resource estimate (MRE) was completed by SRK Consulting (Australasia) Pty Ltd in 2011, using the RC and diamond core drilling that had been completed by Thundelarra Exploration (‘Thundelarra’) between 2008 and 2011. In the reporting of this historical Thunderball inferred MRE and subsequent
Exploration Results, the Company notes the following:
The exploration results and estimate were reported by the former (in this case, the original) owner and not the ultimate acquirer of the uranium rights The Thunderball Uranium Deposit (Thunderball) was first discovered by Thundelarra in 2008, following the identification of a prominent NE-SW radiometric uranium anomaly and
subsequent drilling ofthe deposit between 2008 and 2011. Thundelarra first reported the Thunderball historicMRE (completed by SRK Consulting (Australasia) Pty Ltd) in February 2011, however this has not been fully reviewed and verified by Greenvale. The Exploration Results from the drilling completed at Thunderball, as reported in
this announcement, were first cleansed byPatronus Resources Ltdin 2025 andhave only been partially verified byGreenvale Energy.
Theoriginal source and date ofreporting of the exploration results / mineral resource estimate The historicThunderball MRE was first reported to the market in the ASX Announcement dated 07 February 2011 by Thundelarra, titled “Thunderball UraniumDeposit Maiden Mineral Resource”, and is a publicly available document which can
be found by searching for ASX code “THX” and “Thunderball 2011 MRE”. The subsequent Exploration Results at Thunderball, following the announcement of the 2011 MRE, were acquired by Rockland Resources which is listed on the Canadian Securities Exchange. These Exploration Results were, therefore, prepared and reported by
Patronus Resources in 2025 in accordance with JORC (2012) and released on 21 July 2025. Furtherdrilling completed by Patronus in 2025, was reported laterin Octoberand November2025, in accordance with JORC (2012). Forcompleteness, all drillholes (both historicand recent) and their respective intercepts have been disclosed by
Greenvale within Appendix 1,Table 1 andTable 2 ofASX Announcement Greenvale consolidates a major uranium district withacquisition of the Pine Creek Uranium Project released 15 June 2026.
Theacquirer’s view on the reliability / repeatability ofthe results/estimates, including by reference to any of the criteria in Table 1 of JORC (2012), which are relevant to understanding the reliability of results/estimates: Greenvale has not observed any issues or red flags in the drilling data ordownhole gamma that cause it to question the
accuracy or reliability of the reporting of the historic Thunderball MRE. However, the use of quality assurance and quality control (QAQC) by Thundelarra appears to have been poor and inconsistent, with only seven field duplicates and only four standard samples appear to have been included in a suite of 731 samples (SRK, 2011).
Although it can differ depending on deposit and mineralisation style, general good practice for QAQC samples is to insert 1 in every 20 or 25 samples – e.g., 1 duplicate in every 25 samples, or 1 blank and 1 standard every 20 samples. Future estimations will likely need to incorporate better use and assessment of geological models,
significantly improved QAQC ofchemical datasets using Company-specified sampling protocols, and onsite verification of underlying drill hole data sets.
Tothe extentknown, asummary oftheworkprograms onwhichthe results/estimates werebasedand,forestimates only, asummary ofthekey assumptions, mining andprocessingparameters and methods usedto preparetheestimates:ThehistoricThunderball MREwasbased on adataset of156 holes(mixed RCanddiamond core)
foratotal 23,437 drill metres and all completedby Thundelarra Explorationbetween 2008 and 2011. Drillspacingwas reportedto bebetween25 and50mat surfacebut,withangleddrillholes,this sample spacing broadens out at depth. All Thundelarra drillholes were geophysically logged by Borehole Wireline Services howeverthis was
not done immediately after the holes were drilled, allowing potential for radon gas to build up in the bottom of the drillholes (through natural radioactive decay) which can distort the gamma counts. Together with the lack of any disequilibrium studies, this made the downhole gamma data unreliable for resource estimation. The 3D
wireframes formineralisationhadbeen modelledusing Leapfrogand GOCAD Mining Software, using a lowergrade cutoffof100ppmforbothdownhole gamma andchemicalassaydata,howeverfinal reporting oftonnage and metalcontentused a lowergrade cutoffof400ppm. Regularblock sizeof5x 5x 2.5mwas usedintheX, Yand Z
directions, respectively, and no sub blocking was deemed to be necessary. A top cut of 4,000ppm(0.4% U3O8) was used to exclude any extremely high-grade intercepts. A total 24 density measurements were collected, giving an overall density of2.71 t/m3, which was considered reasonable forthe metasediment packages hosting the
Lower (Main) Lode ofmineralisation. The resource report does not discuss any mining or processing parameters inthe context ofmineral extraction.
Have any more recent results, estimates or data, which are relevant to the reported results/estimates, been made available to the Company? Since the initial reporting of the historic Thunderball MRE, a further 15 holes have been drilled by Rockland Resources (2014) and Patronus (2025) for a total additional 2,353 drill metres. These
holes were drilled mostly as validation holes within the main Thunderball Deposit. The Patronus drilling was reported in accordance with JORC (2012) upon completion of the re-assaying program. It does not appear that the 8 Rockland holes were ever reported, they are provided in full at Appendix 1, Tables 1 and 2, in accordance with
JORC (2012). Additional work has been completed since the historic MRE, and which is relevant to any resource estimation process for Thunderball, is the completion of disequilibrium studies in 2013 by ANSTO and Rockland. The study found that the Thunderball uranium mineralisation is actually in secular equilibrium, meaning that
there should be good correlation between any downhole gamma data and its corresponding chemical assay. This implies good reliability in downhole gamma as an assaying tool, increasing confidence in its use for mineral resource estimation, particularly for narrow-vein-style, nuggety and poddy-like mineralisation, such as that
observed at Thunderball. It is Greenvale’s intention that the next phase ofwork forthe Thunderball UraniumProject will be drill testing ofparts ofthe Thunderball Deposit, incorporating downhole gamma to test every drillhole, with a scintillometer and pXRFhandheld spectrometerto get an indicative chemical test ofuraniumpotential in
all drill core.
The evaluation and/or exploration work that needs to be completed to report the results/estimates in accordance with JORC 2012. Greenvale has begun to review and verify some of the historic Thunderball MRE, reviewing some of the MRE data and report, conducting a site visit in May 2026, reviewing drill core and RC chips, as well as
reviewing the mineralisation styles, geological setting and alteration events within the area. Objectives for this work include building a 3Dwireframe model ofall veins, faults and shear networks to see what, ifany, isthe interaction between the structures andthe uranium occurrences.
The proposed timing of any evaluation and/or exploration work that the acquirer intends to undertake and a comment on how the acquirer intends to fund the work. Given the location of the Project and the naturally short length of any field season, subsequent evaluation work will require another program of drilling to be completed at
Thunderball and is proposed to both infill and extend the existing mineralised envelope, both at depth and along strike. The intention ofthis programis further update and grow the Thunderball Resource. It is currently proposed that Greenvale will be drilling consistently overa minimumperiod ofthree months, in orderto furtherupgrade
(likely late CY2026/early CY2027) the existing MRE and release itas a JORC (2012) compliant estimate.
Astatement by anamed Competent Personthat theinformationin the market announcementprovidedis anaccurate representation ofthe available data and studies forthe Thunderball UraniumDeposit. The information in this announcement, as it relates to exploration results, interpretations and conclusions, is based on information
reviewed by Ms Asha Rao who is General Manager ofExploration to Greenvale Energy Ltd and is a Member ofboth the Australasian Institute ofMining 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 ofdeposit underconsideration, and to the overseeing ofactivities being undertaken to qualify as a Competent Person (as defined in the JORC 2012 edition ofthe “Australasian Code for Reporting ofMineral Resources and Ore Reserves”. Ms Rao consents to the inclusion ofthis information in the form and
context inwhich itappears.
2
GREENVALE ENERGY LIMITED
ASX:GRV
DISCLAIMER &
COMPLIANCE
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 totheterms 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 to the 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 anddisruptiontobecaused 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
General Manager - Exploration to Greenvale Energy Ltd and is a Member of both the Australasian Institute of Mining & 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 mineralisationand type of deposit under consideration,and overseeing of
activities being undertaken to qualify as 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.
3
GREENVALE ENERGY LIMITED
ASX:GRV
DISCLAIMER &
COMPLIANCE
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 results in the original market announcements continue to apply and have not materially changed. The
statements in this presentation concerning Exploration Results can be seen in announcements dated as follows:
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 JORC Code (2012) 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.
This document contains information relating to Metallurgical Test Results for the Alpha Project extracted from ASX market announcements reported previously and published on the ASX platform on
those dates noted above 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 results in the original market announcement continue to apply and have not materially
changed.
1. 9 September 2026 (Alpha) 9. 11 February 2026 (Oasis)
2. 2 September 2026 (Thunderball Project) 10. 16 December 2025 (Alpha)
3. 3 August 2026 (Thunderball Project) 11. 17 September 2025 (Oasis)
4. 13 July 2026 (Thunderball Project) 12. 4 September 2025 (Oasis)
5. 15 June 2026 (Pine Creek Uranium Project) 13. 8 August 2025 (Douglas River)
6. 9 June 2026 (Alpha) 14. 17 June 2025 (NT Projects)
7. 8 April 2026 (Alpha) 15. 15 May 2025 (NT Projects)
8. 26 February 2026 (Douglas River) 15. 13 January 2025 (Oasis)
4
GREENVALE ENERGY LIMITED
ASX:GRV
Alpha JORC Code (2012) Mineral Resource Estimate
The following information is extracted from the Company’s ASX Announcement 51% Increase in Alpha resource substantially expands project scale and potential released 13 November 2023:
The JORC Code (2012) Mineral Resource Estimate for the Alpha Deposit is set out in Table 1 and Table 2 below:
Table 1: MDL 330 Inferred Mineral Resource Estimate by seam and ply unit (plus % +/- from maiden MRE)
Table 2: MDL 330 preliminary volumetrics for Mineral Resource Estimate
DISCLAIMER &
COMPLIANCE
Seam/Ply
Area
(m2)
Volume
(cu m)
Waste Thickness
(m)
Waste Volume
(bc m)
Tonnes
(Air Dried)
% +/-
(Air Dried)
Tonnes
(Dry)
Tonnes
(In Situ)
U 5,199,146 5,409,700 21 181,383,104 6,491,640 +97% 6,653,931 6,437,543
L1 9,056,464 10,548,503 16 142,970,480 12,995,530 +64% 13,291,114 12,869,174
LT 6,774,137 3,635,190 0 157,694 4,301,324 -6.4% 4,325,876 4,289,524
L2 8,684,433 3,465,159 0 41,993 4,267,732 +49% 4,366,100 4,192,842
Total 28,056,227 +51% 28,637,021 27,789,083
Seam/Ply
InferredDry
Tonnes
(Mt)
% of
Total
Synthetic Oil
(MMboe)
% of
Total
Oil Yield
LTOM
No. of
Drill
Holes
U 6.7 23 4.4 16 105 2
L1 13.3 46 8.7 31 104 4
LT 4.3 15 10.7 39 395 4
L2 4.4 15 3.8 14 140 4
Total 28.6 100 27.7 100 154
5
GREENVALE ENERGY LIMITED
ASX:GRV
Creating value through exploration, discovery, delineating resources and developing assets.
CORPORATE
OVERVIEW
6
CAPITAL STRUCTURE
$0.026
Share price
(@ 8 Sep 2026)
688M
Shares on Issue
21.5 M
Options**
$0.07 exercise price
30 Nov 2026 expiry
≈$18M
Market Cap
(Undiluted @ 2.8cps)
≈$1.8M
Cash/Cash
Equivalent
(@30 Jun 2026)
$3.25M capital raise
completed 28 July
SHAREHOLDERS*
Board and
Management
Institutional
Top 50 (Excl.
Board and
Institutional)
Balance
Note*Patronus Resources (ASX:PTN) tobecome largest shareholder (~19%) after PineCreek Uranium Project transaction concludes **afurther 65.1M Options$0.07exercise price Sep 2028expiry tobeissued subject toShareholder approval
MR NEIL BIDDLE
Chairman
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 ALEX CHEESEMAN
Managing Director
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 ELIAS KHOURI
Non-Executive Director
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
MS CARLA HEALY
Company Secretary and CFO
25 years' experience in finance and
advisory roles with ASX-listed entities
Governance/Reporting expertise
across multiple operating
jurisdictions
MS ASHA RAO
General Manager - Exploration
Over 20 years’ experience as an
exploration geologist across multiple
commodities
Extensive uranium experience,
including consulting to Cameco,
Boss Energy and Energy Metals
Member of AusIMM and the
Australian Institute of Geoscientists
BOARD AND MANAGEMENT
GREENVALE ENERGY LIMITED
ASX:GRV
The US-Iran conflict and concerns over the security of critical hydrocarbon transit routes have reinforced the strategic
importance of energy security - Uranium fundamentals are strong - rising demand meets a constrained supply base,
while long-term contract prices hitting an 18-year high*.
URANIUM
MARKET
7
Sources – *Sprott Uranium Report August 2026 **French President Emmanuel Macron at the close of the 2026 Nuclear Energy Summit
Long-Term Pricing Sends a Stronger Signal The long-term uranium price reached its highest level in 18 years*, pointing to tighter utility
procurement conditions and higher incentive pricing for new supply.
Uranium Supply Remains Constrained Utilities remain under-contracted, secondary inventories are dwindling and new uranium production faces
the usual permitting, development, capital and ramp-up hurdles experienced by all resources projects.
Market Fundamentals Continue to Improve Physical market and commodity pricing remains supported by a long-term imbalance between
strategic demand and slow-to-respond supply.
Energy Security is Reshaping Demand Geopolitical risk, AI-driven electricity demand, industrial reshoring concerns are strengthening the case for
nuclear power – Nuclear power is key to reconciling independence and energy sovereignty**.
Market Disconnect Persists Uranium spot prices have held up and long-term prices have strengthened, but uranium mining equities have lagged as
investor sentiment remains cautious.
Uranium is a Critical Mineral The US, Canada, Japan and Brazil all list uranium as a Critical Mineral, along with South Australia and the Northern
Territory.
BUILDING A MAJOR NEW URANIUM DISTRICT
IN THE NORTHERN TERRITORY
GREENVALE ENERGY LIMITED
ASX:GRV
The Pine Creek Orogen is considered geologically analogous to Canada’s Athabasca Basin, which accounts for
approximately 25% of global uranium production.
EXPLORATION
BUSINESS CASE
9
PRODUCTION
39-40Mlbs
produced in
2025 (≈25% of
Global
Production)
Nil operations
since 2021
Nil production
since 2024
Sources – Cameco, Orano and Rio Tinto public records Note* Refer to Cautionary Statement
GFC Fukushima
Incident
Athabasca Basin uranium operations account for an estimated CAD$4-5 Bn in annual economic activity including:
~3,300 employment positions ~CAD$270M in royalties ~CAD$1.2Bn in state-level procurement
*
40 years of underinvestment in Uranium Exploration in the NT
GREENVALE ENERGY LIMITED
ASX:GRV
Building exploration ground
to find the NT’s next
uranium mine
NT PROJECT
PORTFOLIO
10
Through a Farm-in Agreement, Greenvale holds the exclusive
right to acquire 80% of the legal and beneficial interest in
select Projects, with mechanisms to acquire 100%.
Under this structure:
Douglas River (EL33670 and ELA33900) acquired in
August 2024,
Henbury was acquired in October 2024, and
Elkedra was acquired in November 2024.
Douglas River was expanded in August 2025 through the
addition of ELA34114 and ELA 34157.
EL34157 was granted for an initial 6 year term in February
2026.
ELA33900 – access is being sought through the National
Native Title Tribunal process - outcome pending. ELA34114 –
subject to ongoing settlement negotiations with the Northern
Land Council.
Terms agreed for the acquisition of Uranium Rights over the
Pine Creek Uranium Project in June 2026. Ongoing process to
meet all necessary conditions and conclude the transaction.
GREENVALE ENERGY LIMITED
ASX:GRV
Douglas River provides exposure to a large-area, underexplored mineral system with compelling geological setting,
multiple priority targets and significant potential for a high-value uranium discovery
DOUGLAS
RIVER
11
Scale Potential – EL/ELA combine to form a single ~1,200km2 footprint in the
southern portion of the Pine Creek Orogen – which host multiple world-class
Uranium deposits.
Key Geological Ingredients – The area consists predominantly of sedimentary
and metasedimentary rocks, volcanics and granites along with major,
regional-scale faul
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