Announcement PDF ASX:GRV Building a Major New Uranium District in the NT Acquisition of the Thunderball Uranium Project: - Historical Thunderball Resource - 2,466km² District-Scale Landholding - Multiple Drill-Ready Targets - Significant Resource Growth and Discovery Potential 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 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 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 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: 1. 15 June 2026 (Pine Creek Uranium Project) 8. 29 October 2025 (Oasis) 2. 16 March 2026 (Oasis) 9. 21 October 2025 (Oasis) 3. 26 February 2026 (Douglas River) 10. 17 September 2025 (Oasis) 4. 11 February 2026 (Oasis) 11. 4 September 2025 (Oasis) 5. 18 December 2025 (Oasis) 12. 8 August 2025 (Douglas River) 6. 16 December 2025 (Alpha) 13. 17 June 2025 (NT Projects) 7. 12 November 2025 (Oasis) 14. 15 May 2025 (NT Projects) 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 DISTRICT-SCALE URANIUM POSITION Consolidated 2,466km2 land holding in the Pine Creek Region of the NT – Australia's premier unconformity style/hard-rock uranium province. WORLD-CLASS URANIUM JURISDICTION Compelling exploration pipeline of brown-field and greenfield prospects, all anchored by a major fault structure in a region analogous to the Athabasca Basin. ULTRA HIGH- GRADE AND SET FOR RESOURCE GROWTH Historic Resource gives a foundation to build-on with permitted drill pads ready to test extensions. Previous drilling has returned some of the highest grades seen in Australia. STRONG MACRO- ECONOMIC AND POLICY TAILWINDS Uranium is re-emerging as a critical mineral* and enabler for global future energy requirements. Supply security (of raw materials) has become increasingly essential. 6 *Note – The Northern Territory, the USA, Japan and Canada all list Uranium as a critical mineral – Source NTGS Critical Minerals and Gold in the Northern Territory published February 2026 WHY GREENVALE? WHY NOW? GREENVALE ENERGY LIMITED ASX:GRV Creating value through exploration, discovery, delineating resources and developing assets. CORPORATE OVERVIEW 7 CAPITAL STRUCTURE $0.038 Share price (@19 June 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, large-scale radiometric anomalies identified*. Contiguous with the PINE CREEK URANIUM PROJECT, combined project area forms a 2,400km2 of exploration tenure. MILLUNGERA BASIN - Geothermal Energy Free-carried farm-in underway with ASX:SRL / I-Pulse. OASIS PROJECT - Uranium 8,500+m drilled to date, high-grade results*, multiple step-out targets identified. ALPHA PROJECT – Bitumen 28Mt Resource (27.7 million barrels of synthetic oil equivalent)**, strategic opportunity for bitumen supply, testwork ongoing. ELKEDRA-HENBURY PROJECT – Uranium Early-stage, prospective geological setting. PROJECT POTFOLIO Note* Refer to Disclaimer & Compliance ** Refer to Alpha JORCCode (2012)Mineral Resource Estimate onSlide 5 ***Patronus Resources (ASX:PTN) tobecome largest shareholder (19.6%) after transactionconcludes GREENVALE ENERGY LIMITED ASX:GRV Global exploration and development investment for new uranium supply has failed to keep pace with downstream investment and growth STRUCTURAL SUPPLY DEFICIT 8 Source – Shaw and Partners 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 URANIUM PRICE (US$/Ib) GREENVALE’S THUNDERBALL PROJECT GREENVALE ENERGY LIMITED ASX:GRV Transformational Acquisition - Creates one of Australia’s largest Uranium exploration portfolios STRATEGIC ACQUISITION 10 Binding term sheet executed with Patronus Resources Ltd (ASX:PTN) ‘Patronus' to acquire the Uranium Exploration Rights for the Pine Creek Uranium Project in the Northern Territory. Consolidates a 2,466km2, district scale position, and includes the Thunderball Deposit with a Historic JORC Code (2004) Resource**. Ultra high-grade results results* including: -Drill hole TPCDD026 with 10m @ 25,381ppm U3O8 from 145m -Drill hole TPCRD019 with 10m @12,264ppm U3O8 from 139m; and -Drill hole TPCRD093 with 13m @7,045ppm U3O8 from 135m. ≈20km long structural corridor extending along the Hayes Creek Fault Zone. Patronus to become a cornerstone shareholder with a 19.6% stake. Multiple drill ready targets, approved drill pads, set for immediate field work and growth potential. Outstanding mining region – utilities, road, railway, contractor services and access to deepwater port. Note* Refer to Disclaimer & Compliance **For further details on technical disclosure refer to Cautionary Statement on page 2 GREENVALE ENERGY LIMITED ASX:GRV The Pine Creek Orogen (PCO) is considered geologically analogous to Canada’s Athabasca Basin because of the associations between overlying basin sediments, underlying crystalline basement, circulation of brines and ideally positioned faults EXPLORATION BUSINESS CASE 11 CURRENT 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 Limited Uranium focused exploration in the NT over the past 16 years GFC Fukushima Disaster Strong correlation between the discovery of Teir-1 Resources/Projects and consistent investment in exploration The Athabasca Basin and Pine Creek Orogen - both Proterozoic-aged, global- leading mineral provinces Sustained exploration is required in order to make the next world-class discovery * GREENVALE ENERGY LIMITED ASX:GRV Discovered following high-grade uranium rock chip samples from a strong, NE-SW striking, airborne radiometric anomaly THUNDERBALL DEPOSIT 12 Discovered by Thundelarra Resources in 2008. Database for 82 drillholes, for a total of 12,620 drill metres. Historical mineral resour