Announcement PDF ASX: GRV Noosa Mining Investor Conference 12-13 November 2025 ASX:GRV GREENVALE ENERGY LIMITED 2 GREENVALE ENERGY LIMITED 2 Greenvale has an immediate focus on continuing exploration across its high-quality portfolio of Uranium Projects. The Company’s strategic highlights reflect a commitment to expanding its resource base and contributing to the global need for a sustainable energy future STRATEGIC HIGHLIGHTS STRATEGIC/NATIONAL PRIORITIES DRIVING INTERESTS TO SECURE SUPPLY CHAINS DIVERSIFIED PORTFOLIO OF ASSETS AND COMMODITIES LEVERAGED GLOBAL DEMAND FOR LOW/ZERO EMISSION ENERGY EXPLORATION LEVERAGED TO URANIUM MARKET WITH STRONG FUNDAMENTALS BOARD AND MANAGEMENT HEAVILLY ALIGNED WITH SHAREHOLDERS TRACK RECORD OF MAKING DISCOVERIES, AND DEVELOPING PROJECTS ASX:GRV GREENVALE ENERGY LIMITED 3 GREENVALE ENERGY LIMITED 3 Acquisitions, exploration and strengthened leadership have positioned Greenvale to drive value CORPORATE OVERVIEW $0.044 Share Price (@12 Nov 2025) 568.7m Share on Issue ≈$25m Market Cap (Undiluted) ≈$2m Cash/Cash Equivalent (@31 Sep 2025) $0.00 Nil Debt 21m Performance Rights CAPITAL STRUCTURE SHAREHOLDERS Board and Management Top 20 (Excl. Board) Balance Raised 6 Nov 2025 $1.05m Open 13-27 Nov 2025 SPP ASX:GRV GREENVALE ENERGY LIMITED 4 GREENVALE ENERGY LIMITED 4 The board blends experience with fresh perspective – delivering a forward-thinking strategy BOARD AND MANAGEMENT MR PETER HARDING-SMITH CFO/CoSec Mr Harding-Smith is a Chartered Accountant with over 30 years of experience in finance, corporate governance and regulatory compliance. He is a Fellow of both FINSIA and the Governance Institute of Australia. Mr Harding-Smith brings extensive expertise across financial reporting, due diligence for acquisitions and divestments and company secretarial functions. MS ASHA RAO Consulting Geologist Ms Rao is a professional geologist with over 20 years' experience across multiple mineral styles including uranium, gold and base metals. Her expertise is broad-based, ranging from ‘grassroots’ exploration through to pre-production phases. She has extensive uranium experience having consulted to Cameco, Boss Energy and Energy Metals. Ms Rao s a Member of the Australasian Institute of Mining & Metallurgy and the Australian Institute of Geoscientists. MR JOHN BARR Non-Executive Director Mr Barr is a Chartered Accountant and Fellow of the Australian Institute of Company Directors, with more than 25 years of board-level experience across listed and private companies. He brings extensive expertise in capital raising, M&A, joint ventures, commodity financing and corporate governance, with a strong understanding of listing and compliance frameworks in the resources sector. MR ELIAS KHOURI Non-Executive Director Mr Khouri brings deep expertise in equity capital markets, corporate finance and strategic advisory. He has successfully led capital raisings and negotiated joint ventures and farm-in agreements for both listed and private companies. His global experience spans major exchanges, including the ASX, AIM, TSX, NYSE, NASDAQ and Frankfurt. Positioning him as a key asset in executing cross-border transactions and growth strategies. MR ALEX CHEESEMAN Chief Executive Officer Mr Cheeseman is a well credentialed resources executive with more than 20 years of experience across both project development and operations. He has held CEO roles in ASX-listed exploration companies and GM positions with mine operators. His expertise covers the full spectrum of resource project development, capital markets, commodity marketing and operational execution, driving value and growth across the business. MR NEIL BIDDLE Non-Executive Chairman Mr Biddle is a highly experienced Geologist with over 35 years in the exploration and mining industry. A founding Director of Pilbara Minerals Limited, he has a strong track record of creating value in the resources sector. As a Corporate Member of the Australasian Institute of Mining and Metallurgy, Mr Biddle has held multiple executive roles and brings deep industry insight to the Board. ASX:GRV GREENVALE ENERGY LIMITED 5 GREENVALE ENERGY LIMITED ASX:GRV GLOBAL ENERGY AND NUCLEAR FUEL MARKET DYNAMICS ASX:GRV GREENVALE ENERGY LIMITED 6 GREENVALE ENERGY LIMITED 6 Electricity Demand Forecast Global electricity demand is forecast to grow rapidly, driven by AI, data centers, electrification of transportation and emerging economies. The U.S. Department of Energy projects electricity demand may rise at a rate that exceeds historical norms. Source: U.S. DOE (2025), Datacentre Magazine, Arxiv (2025). Global Energy Investment Outlook The International Energy Agency (IEA) projects global energy investment will reach USD $3.3 trillion in 2025—a new record. Of this, 66% (USD $2.2 trillion) is allocated to low or zero-emission energy solutions, including renewables, nuclear, storage and grid modernization. Source: IEA World Energy Investment Report, June 2025. US$ 80 Bn deal for new reactors across the USA Brookfeild and Cameco team with the US Government to build at least US$80Bn of new reactors across the USA using Westinghouse nuclear reactor technology. The deal is expected to accelerate the global deployment of Westinghouse's nuclear technologies and reinvigorate supply chains in the USA and abroad. Sources: World Nuclear News (October 2025). With a 95% increase in electricity demand predicted from 2023-2050 - Nuclear power is essential for the world to have a zero-carbon future energy solution GLOBAL ENERGY MARKET Source: IEA World EnergyOutlook 2024StatedPolicies Scenario. Japan–US Alliance Boosts Clean Energy and Nuclear Innovation Hitachi, Ltd. has signed a landmark Memorandum of Understanding with the United States Department of Commerce to advance grid modernisation, electrification, and the deployment of small modular reactors (SMRs) under the broader Japan–US strategic investment framework. This collaboration strengthens both nations’ commitment to clean, reliable power by enhancing energy infrastructure, local manufacturing of reactor components and transformers, and accelerating the transition toward secure, sustainable energy systems — a major positive step for the global energy sector. Source: JCN Newswire, October 2025. Trump Administration adds Uranium to critical minerals List US Administration expands critical mineral list focus on defence, manufacturing and clean energy Source: Rueters. ASX:GRV GREENVALE ENERGY LIMITED 7 GREENVALE ENERGY LIMITED 7 Exploration and development advancing amid rising demand for clean energy and nuclear fuel STRUCTURAL DEFICIT WITH RISING DEMAND Australia is currently the 4th largest producer of Uranium Globally Australia holds approximately 28 % of the world’s recoverable uranium resources and currently contributes approximately 10% towards total global production on an annual basis Source: Australian Resources& Investment,April 2025 Nuclear Market Expansion There are currently ~440 nuclear reactors operating globally, providing consistent baseload power. An additional ~70 reactors are under construction and over 100 more in planning or proposed. Source: World Nuclear Association, June 2025. Ramp-up and production challenges to exacerbate supply deficit July 2025 – Australian based producer – downgrades production guidance 42% August 2025 – Worlds largest public Uranium Producer – downgrades forecast production for key asset by 28% August 2025 – Worlds largest private uranium Producer – announces intention to cut 2026 production by 10% Source: Company websites Nuclear Market Expansion There are currently ~440 nuclear reactors operating globally, providing consistent baseload power. An additional ~70 reactors are under construction and over 100 more in planning or proposed stages, reflecting strong international momentum. Source: World Nuclear Association, June 2025. ASX:GRV GREENVALE ENERGY LIMITED 8 GREENVALE ENERGY LIMITED 8 Global nuclear and energy markets are rapidly expanding GLOBAL NUCLEAR AND ENERGY MARKET DYNAMICS “The current price of uranium is around US$81/lb, so this implies around 16% upside for the balance of this year compared to Citi’s average price forecast, and 21% to the broker’s peak target of US$98/lb.” Source: Citi Research note - Uranium price weakness to subside as demand for nuclear energy increases even further while supply still lags Uranium (USD/Lbs) Source: https://tradingeconomics.com/commodity/uranium ASX:GRV GREENVALE ENERGY LIMITED 10 GREENVALE ENERGY LIMITED ASX:GRV GREENVALE’S ASSET PORTFOLIO ASX:GRV GREENVALE ENERGY LIMITED 11 GREENVALE ENERGY LIMITED 11 Significant uranium exploration portfolio with projects in world class uranium districts, diligent exploration focused on making new discoveries, complementary torbanite and geothermal projects provide important diversification GREENVALE’S ASSET PORTFOLIO DOUGLAS RIVER / URANIUM • Rad/mag airborne survey completed in May 2025* • Significant (32km) paleochannel identified* • Located in the Pine Creek region, adjacent to the Thunderball Uranium Deposit • Recent expansion almost doubled exploration footprint ELKEDRA / URANIUM • Rad/mag airborne survey completed in May 2025* • 8km uranium anomaly associated with the Elkedra Granite identified* • First on-ground field work planned ready to deliver HENBURY / URANIUM • Strong radiometric signals over Mereenie Sandstone • Recent mapping and ground based geological assessment identified a number of anomalies that warrant follow-up* • Follow-up fieldwork planned ready to deliver MILLUNGERA AND LONGREACH / GEOTHERMAL • High-temperature geothermal potential • Exploration permits granted OASIS / URANIUM • Greenvale’s Maiden Drill Program completed • High-grade uranium intercepts* • Regional expansion potential* • World class infrastructure in place • Trenching program underway • Results pending ALPHA / TORBANITE • 28 Mt inferred Resource • Torbanite/oil shale to produce bitumen • Extensive processing test work completed – Test Program 7 underway • Potential to be a major/singular supplier of bitumen within Australia • Localised/guaranteed supply * Refer to Exploration Disclosure. ASX:GRV GREENVALE ENERGY LIMITED 12 GREENVALE ENERGY LIMITED ASX:GRV GREENVALE’S OASIS PROJECT ASX:GRV GREENVALE ENERGY LIMITED 13 GREENVALE ENERGY LIMITED 13 Greenvale’s Maiden drill program commenced late July , running through to early September, initial results reinforce the quality of the Oasis deposit. Regional reconnaissance drilling and radiometric survey demonstrates broader, regional-scale potential OASIS URANIUM PROJECT - QUEENSLAND MAXIMUM VALUE 100% Owned SUCCESSFUL MAIDEN DRILL PROGRAM Drilling concluded 8 Sep, first modern drilling program since the early 2000’s KEY OPERATING PROTOCOLS IN PLACE Land access, environmental management, safety and radiation management operating procedures in place RESULTS PENDING Chemical assay released* for first half of drill program, results pending for drill- holes 25GRV007-25GRV012 as well as the follow up trenching program REGIONAL EXPANSION Radiometric anomalies and recent sampling identified potential for additional mineralization within EPM 27565* The Oasis deposit exploration model to be deployed across the broader tenement INFRASTRUCTURE ADVANTAGE 250km West of Townsville – access to port via sealed roads MULTIPLE TARGETS Scale Radiometric and Geochem targets* for regional expansion HIGH-GRADE 6,929 ppm U3O8 Chemical assay confirms 8m @ 2,125ppm U3O8 drill-hole 25GRV002* including 1m @ 6,929 ppm U3O8 * Refer to Exploration Disclosure. ASX:GRV GREENVALE ENERGY LIMITED 14 GREENVALE ENERGY LIMITED 14 OASIS URANIUM PROJECT - QUEENSLAND Maiden drill program completed - six-week campaign, total 12 holes drilled for 1,804m Chemical assays released for first six drill holes, confirming high-grade mineralization along strike and down dip. Highlights include: 9m @ 758ppm U3O8 from 40m (25GRV01), including 1m @ 1,637ppm U3O8 8m @ 2,125ppm U3O8 from 84m (25GRV02), including 5m @ 3,263ppm U3O8 , including 1m @ 6,929 ppm U3O8 5.5m @722ppm U3O8 from 279m (25GRV03), including 2m @ 1,189 ppm U3O8 3.75m @ 1,001 ppm U3O8 from 78m (25 GRV04), including 1m @ 2,242 ppm U3O8 Safe, efficient, cost-effective maiden drill program. Continued exploration with a view to establishing a JORC- compliant Mineral Resource. Significant expansion of earlier geological model, with mineralisation still open along strike and at depth. * Refer to Exploration Disclosure. ASX:GRV GREENVALE ENERGY LIMITED 15 GREENVALE ENERGY LIMITED 15 OASIS URANIUM PROJECT - QUEENSLAND Immediate follow up to drill program – field work is currently ongoing * Refer to Exploration Disclosure. 10 m × 10 m ground-based magnetics survey completed (42 line-km) Provided higher resolution data and altered view of structures around the Oasis deposit* Procured Sentinel-2 remote sensing data, identifying key gas anomalies associated with uranium mineralisation* Sentinel-2 data showed helium, hydrogen, radon, and chlorite anomalies aligned with these structures Scintillometer readings in completed trenches indicate potential new structures hosting uranium mineralisation* Trenching results to develop the next set of high-confidence drill targets ASX:GRV GREENVALE ENERGY LIMITED 16 GREENVALE ENERGY LIMITED 16 OASIS URANIUM PROJECT - QUEENSLAND Regional prospectivity – take what we know from the Oasis deposit to the rest of the tenement 2025 drill results showing broad N-S trend to mineralization* Helium, hydrogen, radon, chlorite anomalies (Sentinel-2) coincident with structures and high-grade drill results at Oasis* * Refer to Exploration Disclosure. ASX:GRV GREENVALE ENERGY LIMITED 17 GREENVALE ENERGY LIMITED 17 OASIS URANIUM PROJECT - QUEENSLAND Regional prospectivity – take what we know at oasis deposit to the rest of the tenement Regional geology with structural interpretation and historically identified prospects. Regional magnetics with structural interpretation, highlighting Lynd Mylonite Zone (shears) * Refer to Exploration Disclosure. ASX:GRV GREENVALE ENERGY LIMITED 18 GREENVALE ENERGY LIMITED 18 OASIS URANIUM PROJECT - QUEENSLAND Regional prospectivity – take what we know at oasis deposit to the rest of the tenement Regional rockchip assays over magnetics. Anomalous results coincide with regional structural trends (N-S, NE-SW) Regional targets identified through emerging patterns in correlating datasets * Refer to Exploration Disclosure. ASX:GRV GREENVALE ENERGY LIMITED 19 GREENVALE ENERGY LIMITED 19 Alpha is a strategic project that could serve as a singular domestic source of bitumen for the Australian market ALPHA TORBANITE PROJECT - QUEENSLAND OPPORTUNITY Progressing test work to deliver C-170 certification. Seeking partnerships and collaboration opportunities to unlock the full value and potential of the Alpha Project. **Refer to Disclaimer. 28MT INFERRED RESOURCE** BITUMEN Australia currently imports the majority of its bitumen, involving a complex and costly supply chain. Potential to be Australia’s only domestic supplier of bitumen, offering long-term supply chain certainty. TORBANITE The Alpha Torbanite deposit contains high- grade torbanite, which under liquefaction can produce Valuable bitumen product. STRONG DEMAND AND PRICE FUNDAMENTALS Induction heater installed and commissioned ASX:GRV GREENVALE ENERGY LIMITED 20 GREENVALE ENERGY LIMITED 20 Continued high-operational tempo with results pending and more exploration effort to be commenced in the coming months VALUE CREATION CATALYSTS First field program completed at Henbury Strengthened leadership to drive projects Acquisition of Oasis Uranium Project Maiden drill program completed at Oasis Multiple uranium exploration targets identified in the NT ACHIEVED UPCOMING CATALYSTS Oasis Drilling – results following through to December Regional target development at Oasis Alpha TP 7 progress and bulk sample Follow-up field programs in the NT Alpha collaboration opportunities Geothermal value-add initiatives Ongoing strategic business development Possible government grants and funding support for R&D and exploration ASX:GRV Thank You TELEPHONE: 0451 976 285 EMAIL: admin@greenvaleenergy.com.au PERTH OFFICE Level 1, 1 Alvan St Subiaco, WA 6008 BRISBANE OFFICE Level 12, 10 Market St Brisbane, QLD 4000 VISIT OUR WEBPAGE ASX:GRV GREENVALE ENERGY LIMITED 22 GREENVALE ENERGY LIMITED 22 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 or reviewing the Slides, you acknowledge and agree tothe terms 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 forany such information or opinions or otherwise arising in connection therewith. Other market and industry data used in this Presentation may have been obtained fromresearch, surveys or studies conducted by third parties, including industry orgeneralpublications. None ofthe Greenvale Parties have independently verified any such market or industry 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 tothe maximum extent permitted by law, the Company has noobligation to update the information contained in this Presentation. NOTFINANCIAL PRODUCT ORADVICE 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 and particular needs of individuals. 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 notformpart of any agreement orcommitment forthe acquisition of any of the 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 from the Presentation. In making an investment decision, investors must rely on their own examination of the Company including 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 ownlegal, tax, business and/or financial advisors in connection with any acquisition of securities. 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 ornot toinvest in the Company. Cooling offrights do notapply to the acquisition ofnew shares in 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 or intentions of the 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 fromsuch 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. DISCLAIMER 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 for volatility, uncertainty and disruption to be caused by regional and world 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 on anything contained in or omitted from it or otherwise arising in connection with the Presentation; • disclaim any obligations orundertaking to release any updates orrevisions to the information in the Presentation; 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 orimplied 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, agroup engaged by the Company in aconsulting 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 ofthe matters based onhis information in the formand 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 notmaterially changed whenreferring toits resource announcement made on13Nov 2023. The information in this presentation that relates to liquefaction testing is based on information compiled by David Cavanagh, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy AusIMM Member number 112318.David Cavanagh is afull-time employee ofCore Resources. David Cavanagh 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’. David Cavanagh consents to the inclusion in the report ofthe matters based onhis information in the formand context in which it appears. The information in this presentation that relates to uranium exploration results is based oninformation compiled by Dr. Simon Beams who is a Member of AusIMM (Member #107121), and a Member of the Australian Institute of Geoscientists (Member #2689). Dr Beams is a full-time employee of Terra Search Pty Ltd and has sufficient experience which is relevant to the style of mineralisation under consideration to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Beams consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears. ASX:GRV GREENVALE ENERGY LIMITED 23 GREENVALE ENERGY LIMITED 23 EXPLORATION DISCLOSURE 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. 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 Uranium Exploration Results can be seen in announcements dated as follows: • 19 November 2024, • 15 May 2025, • 27 May 2025, • 17 June 2025, • 25 June 2025, • 28 July 2025, • 27 August 2025, • 4 September 2025, • 17 September 2015, • 2 October 2025, • 21 October 2025, • 29 October 2025, and • 12 November2025.