Tobermorey Project

EL33621 & ELA33692

Greenvale has secured the rights to obtain an immediate 80% interest in the Tobermorey Uranium Project located on the NT/Qld border straddling the Plenty Highway 250kms east of Alice Springs.

The project is highly prospective for uranium, with multiple U/Th ratio and uranium anomalies occurring within uraniferous palaeodrainage. The largest anomaly is on EL33621 trending south east for 20km by 15km at its widest point.

The Tobermorey Project area is flat lying and dominated by uriniferous palaeodrainage related to extensively outcropping Tertiary Austral Downs Limestone which averages about 8m thickness across its entire extent. 400m line spaced airborne magnetics/radiometric survey by the NTGS (1999) has defined multiple U and U/Th ratio anomalies which are concentrated within extensive paleochannels hosted by Tertiary limestone The largest Uranium anomaly is over EL33621 trending east southeast for 20km 15km at its widest point, straddling the Plenty Highway about 10Km’s from the NT-QLD border.

Other Cenozoic basins and palaeodrainages in central and southern NT are currently being explored for Uranium. Many parallels can be drawn between Tobermorey and the calcrete hosted uranium occurrences within and south of the Ngalia Basin including Napperby, Currinya and Cappers. The most significant deposit Napperby was discovered in 1977 by Uranerz significantly by a regional airborne radiometric survey and follow up auger drilling program. The Napperby resource was last updated in 2018 (Core Lithium ASX:CXO) and stands at 9.45Mt @ 382ppm U3O8 for 8.03 Mlb U3O8

Previous Exploration

NTGS databases “Historical Mineral Titles” and “GEMIS” were interrogated to capture past exploration titles overlapping EL33621 and EL33692, and all relevant reports were reviewed. The table is a summary of historical titles and results reported. Previous exploration efforts relevant to the area of EL33621 and EL33692 involving investigations or the collection of new data

Title & Final Year	Titleholder, (Report reference) & exploration work
EL4625 & EL4626 1986	CRA Exploration. Stream sediment sampling for diamonds. Nil result.
EP13 1991	Pacific Oil & Gas. Drilled Owen 2 to 1,159m. Bituminous shows only.
EL22530 & EL22538 2005	Elkedra Diamonds NL. Surface sampling for kimberlites. Nil result.
EL26928 2014	Australis Exploration. Exploration for phosphate, base metals & uranium. No encouragement from cursory look for uranium using scintillometer.
EP104 2013	PetroFrontier. Deep drilling of ‘Hot shale’ in Lower Arthur Creek Fm for unconventional hydrocarbons. Reservoir potential is marginal however the ‘Hot shale’ has elevated radioactivity.