RIU Investor Conference Presentation
Released
Released
Announcement PDF
ASX:GRV
Exploration and project development
for secure, stable clean energy and
critical infrastructure
RIU Sydney Resources Round Up
5-7 May 2026
GREENVALE ENERGY LIMITED
2
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
3
ASX:GRV
No New Information
This document contains information relating to Uranium 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
announcements 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 and below. 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 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 announcement continue to apply and have not materially
changed. The statements in this presentation concerning Metallurgical Test Results can beseen in announcements datedas follows: 10 December 2025, 23 February 2026 and 8 April 2026.
EXPLORATION
COMPLIANCE
1. 16 March 2026 (Oasis) 8. 21 October 2025 (Oasis)
2. 26 February 2026 (Douglas River) 9. 17 September 2025 (Oasis)
3. 11 February 2026 (Oasis) 10. 4 September 2025 (Oasis)
4. 18 December 2025 (Oasis) 11. 1 September 2025 (Henbury)
5. 16 December 2025 (Alpha) 12. 8 August 2025 (Douglas River)
6. 12 November 2025 (Oasis) 13. 17 June 2025 (NT Projects)
7. 29 October 2025 (Oasis) 14. 15 May 2025 (NT Projects)
GREENVALE ENERGY LIMITED
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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
EXPLORATION
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
GREENVALE ENERGY LIMITED
5
Greenvale is building a portfolio of future facing projects that will support
the need for clean energy and critical infrastructure
WORLD-CLASS
OPERATING
JURISDICTIONS
FOCUSED
EXPLORATION
TRACK RECORD IN
CREATING VALUE
EXPLORATION &
DEVELOPMENT
An experienced board and management team, with
demonstrated experience in 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.
STRONG MACRO-
ECONOMIC TAILWINDS
Uranium is re-emerging as a critical enabler for global future energy
requirements, supply security (of raw materials) has become
increasingly essential.
GREENVALE ENERGY LIMITED
6
CAPITAL STRUCTURE
Creating value through exploration, discovery, delineating resources and developing assets.
CORPORATE
OVERVIEW
$0.036
Share price
(@4 April 2026)
592M
Shares on Issue
21.5 M
Options
$0.07 exercise price
30 Nov 2026 expiry
≈$22M
Market Cap
(Undiluted)
15.5 M
Performance
Rights
≈$2.7M
Cash/Cash
Equivalent
(@31 Mar 2026)
SHAREHOLDERS
Board and Management
Top 20 (Excl. Board)
Balance
DOUGLAS RIVER PROJECT - Uranium
Located in the Pine Creek Region, a world-class uranium district hosting
Ranger, Jabiluka and Thunderball, large-scale radiometric anomalies
identified*.
MILLUNGERA BASIN - Geothermal Energy
Free-carried farm-in underway with ASX:SRL / I-Pulse. Stored thermal energy
potential exceeding 611,000 petajoules.
OASIS PROJECT - Uranium
8,500+ m drilled to date, high-grade results*, multiple step-out targets
identified.
ALPHA PROJECT - Bitumen
28Mt Resource*, strategic opportunity for domestic bitumen supply, processing
testwork ongoing.
ELKEDRA-HENBURY PROJECT - Uranium
Early-stage, prospective geological setting known to support uranium
mineralization.
* Refer to Exploration/Compliance statement
GREENVALE ENERGY LIMITED
7
MS ASHA RAO
Consulting Geologist/CP
Over 20 years’ experience across multiple
commodities
Extensive uranium experience, including
consulting to Cameco, Boss Energy and
Energy Metals
Member of AusIMM and the Australian
Institute of Geoscientists
Heavily aligned with Shareholders, the board and management team all have considerable experience in their
respective areas of expertise.
BOARD AND
MANGEMENT
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 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
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
MR SAM MEGHARAJ
Process Engineer
Expertise in mineral processing
plant design, production and
operations
Extensive experience with HPAL
autoclave hydrometallurgical
systems
8
GREENVALE’S
DOUGLAS RIVER URANIUM PROJECT
GREENVALE ENERGY LIMITED
9
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
URANIUM PRICE (US$/Ib)
0
100
200
300
400
500
600
2026 Low 2040 Base 2040 High 2040
Demand Supply New Supply Required
DEMAND ACCELERATING
• Decarbonisation driving renewed focus on nuclear energy
• 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
• Move by big-tech companies to secure dedicated nuclear power
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
0
50
100
150
200
250
New forecast Old forecast
GREENVALE ENERGY LIMITED
10
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 future operations.
SCALE
DOUGLAS RIVER
PROJECT
Located within 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
The Project covers 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 – Field work commencing this month.
Douglas River Project map
GREENVALE ENERGY LIMITED
11
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 with
associated fault splays that form a dominant belt of fluid pathways in
the area - evidenced by numerous uranium prospects situated along
its trace, including Thunderball and Bella Rose.
Underexplored in 2025
Protracted application process ongoing for ELA34114 and ELA33900,
(ongoing).
Exploration in 2025 was limited to airborne and remote techniques,
however results* demonstrate radiometric and gas anomalies along
key regional structures.
Priority for exploration in 2026
Granting of EL34157 sets the conditions for field work in the 2026 field
season – field work commences in May.
Infill Airborne radiometrics and magnetics across EL 34157
Notifications submitted for mapping and sampling to commence late
May/early June –immediate follow up to Airborne survey results
* Refer to Exploration/Compliance statement
Douglas River – Northern Project area over regional geology and Sentinnel-2 data*
GREENVALE ENERGY LIMITED
12
Clear exploration plan over the next two to four months – infill airborne radiometric and magnetics, 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 – Historical exploration in the
region demonstrates strong correlation between geophysical techniques
and successful drill testing.
Cost-effective exploration – low impact, relatively low-cost - field
teams, handheld 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
Douglas River Project area over current radiometric (U)*
* Refer to Exploration/Compliance statement
13
GREENVALE’S
ALPHA PROJECT
GREENVALE ENERGY LIMITED
13
Source: Trading Economics
Source: Shaw and Partners
Recent global events have highlighted Australia’s vulnerability and dependance on global supply chains for oil
based products
GLOBAL SUPPLY
UNCERTAINTY
FRACTIONAL DISTILATION OF
CRUDE OIL
12 MONTH CRUDE OIL PRICE
USD/BARREL
WHAT IS THE PRIMARY
USE OF RESIDUE FROM
CRUDE OIL
DISTILATION?
HOW RELIANT IS
AUSTRLIA ON IMPORTS
FOR CRUDE OIL
RESIDUE?
HOW LARGE IS
THE MARKET
OPPORTUNITY?
Boiling
point
CRUDE
OIL
Petroleum gas
(C1-C4)
Gasoline
(C5-C12)
Kerosene
(C12-C15
Diesel
(C12-C20
Light Fuel Oil
(C15-C20
Heavy Fuel Oil
(C20+)
Residuum
(C20+)
MAY SEP NOV 2026 MAR MAY
120
110
101.94
90
80
70
59.270
May 09 2025
GREENVALE ENERGY LIMITED
15
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 for 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.
28Mt Inferred Mineral Resource Estimate –
providing 27.7 million barrels of synthetic
oil equivalent.
Process development has centered on high-
pressure liquefaction followed by fractional
distillation to produce bitumen, bypassing
high-off gas pyrolysis processing techniques.
PRODUCT
CERTIFICATION
PENDING
* Refer to Exploration/Compliance statement
Alpha
Deposit
Alpha Project map
GREENVALE ENERGY LIMITED
16
Priorities and opportunities
Project Status
Initial processing assessed pyrometallurgical techniques – deemed unsuitable due
to emissions, the focus of more recent processing test work has therefore been
based on a hydrometallurgical process.
Test Program 7 (TP7) commenced in May 2025 - designed to scale operating
conditions and produce a bulk sample suitable for third-party certification.
TP7 Milestone 1,2 and 3 have been completed.
TP7 Milestones 4 (product refinement) and 5 (assessment/certification) are ongoing.
Strategic Rationale
Roads are treated as critical infrastructure in Australia.
Industry experts are predicting (and warning) a 50% increase in bitumen price.
Partnering opportunity for current suppliers seeking local/stable supply.
Next Steps
Product modification ongoing through Technix in NZ
Gated technical evaluation
Certification is key – C-170 certification enables economic assessment and
feasibility studies
Alpha drill core (top left), Primary pressure leach product (top right), 4lt autoclave
mixer and process slurry (bottom)
ALPHA
PROJECT
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.
17
GREENVALE’S
FORWARD WORK PLAN
GREENVALE ENERGY LIMITED
18
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 assessment
CORPORATE
Uranium M&A opportunities
Collaboration opportunities for Alpha
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
19
Thank You
PERTH OFFICE: Level 1, 1 Alvan St Subiaco, WA, 6008
EMAIL: admin@greenvaleenergy.com.au
TELEPHONE: 0485 603 120
ASX:GRV
Scan for Website
GREENVALE ENERGY LIMITED
20
ASX:GRV
PROJECT OVERVIEW
Located approximately 250km north-west of Townsville, within the Lynd Mylonite Zone, the
Oasis Uranium Project (“the Project”) sits over known geological settings with the right
structural control know to form high-grade uranium deposits.
With over 8,000m drilled to date, The Oasis deposit has returned high-grade drilling results
and remain open laterally and at depth.
HIGH GRADE DRILL RESULTS
Drilling in 2025 returned consistent, high-grade results*, with standouts including:
• 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
REGIONAL GROWTH TARGETS
Geophysics has identified radiometric anomalies correlating with structure, reconnaissance
sampling returned anomalous results along regional trend extending for approximately 8km*.
Multiple targets beyond the Oasis deposit have been identified for ground-truthing, this will
be a focus for the next phase of field work.
Further expansion optionality exists in EPM 29203 (an adjacent exploration permit under
application, along the regional trend of the Lynd Mylonite Zone) – no previous exploration or
target development has occurred over EPM29203, it represents a significant greenfield
opportunity.
The Company has established and demonstrated its exploration capability in and around the
Project area with key operating protocols in place, technical and administrative services
ready and has a clear plan for the next phase of field work.
OASIS URANIUM
PROJECT
Advanced, high-grade uranium project, with regional growth potential. Serviced by world-class infrastructure in a mining
friendly region.
Oasis Uranium Project map with drilling highlights*
* Refer to Exploration/Compliance statement
GREENVALE ENERGY LIMITED
21
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-OUT 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), SRL Hot Rock have subsequently passed
operational matters to privately owned i-Pulse Technologies. Greenvale is free carried whilst i-Pulse earn
a majority interest in the Project by spending $5 million on exploration and project development, 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 Geothermal Project map
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
22
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
S
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