Greenvale Energy Ltd Expands Uranium Exploration Across Northern Territory

Greenvale Energy Prepares for Maiden Drill Program at Oasis Uranium Project

Field teams mobilized to high-grade Oasis Project as company targets potential uranium deposit with historical grades up to 0.72% U₃O₈

Greenvale Energy Limited (ASX: GRV) has announced preparations are well underway for its maiden drilling program at the 100%-owned Oasis Uranium Project in Queensland, with field teams already deployed to prepare drill pads and collar locations. The project represents a significant opportunity for the company to develop a high-grade uranium resource in a market experiencing renewed demand for nuclear fuel. Greenvale Energy Ltd uranium exploration is gaining momentum as the company positions itself strategically in this growing sector.

Oasis Project: A High-Grade Uranium Opportunity in Queensland

Located approximately 250km west of Townsville, the Oasis Uranium Project lies within a 90 square kilometer exploration permit (EPM 27565) along the Lynd Mylonite Zone—a major boundary between different geological regions within a structurally complex area dominated by granitic and metamorphic rocks.

What makes the Oasis Project particularly compelling is its historical high-grade uranium results, with previous exploration recording grades of up to 0.72% U₃O₈ (equivalent to approximately 15.8 pounds per ton)—figures that place it among the higher-grade uranium prospects in Australia. Similarly, uranium anomalies in Northern Territory have generated excitement among exploration companies in recent months.

The deposit was first discovered in the 1970s, but Greenvale Energy's upcoming drill program will represent the first modern, systematic exploration of this promising uranium target.

Recent Field Program Confirms Regional Exploration Potential

Recent reconnaissance field mapping and sampling has strengthened Greenvale Energy's confidence in the project's potential. The company's geologists identified multiple promising targets within eastern regional anomalies that share radiometric and geological similarities with the main Oasis deposit.

Key findings from the field program include:

• Identification of biotite schistose rocks within a zone of heavily altered, biotite-rich granite
• A potential shear zone that may account for elevated radiometric readings in surrounding drainages
• A long, folded sequence of metasedimentary rocks located directly north of altered granites

These geological features are particularly significant because uranium mineralisation at the Oasis deposit is hosted by a quartz-chlorite-biotite schistose shear zone. The presence of similar biotite schistose rocks correlating with strong radiometric readings suggests potential for additional uranium mineralisation throughout the project area.

Drill Program Preparations Advancing Rapidly

With permitting applications submitted and progressing through routine approvals, Greenvale Energy aims to commence drilling within the next four weeks. The company has already:

• Pegged proposed drill pads and collar locations
• Completed site access and ground condition assessments
• Established protocols with the local landholder, including strict weed and seed controls
• Submitted activity notices for consultation with Traditional Owners

According to the company, the permitting process should proceed smoothly as ground-disturbing works have previously been conducted over the planned drilling area.

Understanding Uranium Mineralisation in Structural Settings

What is structurally-controlled uranium mineralisation?

Structurally-controlled uranium deposits form when uranium-bearing fluids move along faults, shears, and fracture zones within the Earth's crust. These geological structures act as pathways for mineralising fluids and often create the necessary chemical environment for uranium to be deposited.

At Oasis, the uranium mineralisation is controlled by faults off the western side of the Lynd Mylonite Zone—a major geological boundary. This structural setting is important for investors to understand because:

1. Structural controls often lead to concentrated, high-grade deposits
2. These deposits tend to be more predictable in their geometry once the structural setting is understood
3. Knowledge of the controlling structures helps guide exploration toward additional mineralisation

This type of geological setting has produced some of the world's richest uranium deposits, making the structural context of the Oasis Project particularly significant for its exploration potential. Many gold targets at the Kiabye project show similar structural controls, though with different mineralisation styles.

"We're excited to now have our team up on site and work underway to prepare for Greenvale's maiden drill program at Oasis. We have a number of high-quality advanced targets to test and look forward to getting this first drill program underway as soon as final permits are in place. Furthermore, the broader regional targets within the project area represent compelling opportunities for large scale resource discovery." — Alex Cheeseman, Greenvale Energy CEO

Next Steps and Development Timeline

Greenvale Energy is actively engaging drilling contractors and support services to undertake the drill program, with permit approval being the final step before drilling can commence. The company is also awaiting assay results from the recent fieldwork program, which will guide the next stage of exploration at regional targets surrounding the main Oasis deposit.

The exploration timeline appears to be accelerating, with:

• Field teams already on site preparing for drilling
• Permit approvals expected within weeks
• Maiden drilling anticipated to commence in July 2025
• Assay results from the reconnaissance program expected next quarter

Investment Potential: Greenvale's Growing Uranium Portfolio

The Oasis Project represents a key asset in Greenvale Energy's growing portfolio of uranium and clean energy projects. The company's strategy focuses on exploration assets that support a sustainable, low-carbon future—positioning it well in the growing uranium market.

Greenvale Energy Ltd uranium exploration portfolio now includes:

• The advanced Oasis Project in Queensland with known high-grade mineralisation
• Early-stage uranium exploration projects in the Northern Territory
• Additional clean energy assets including the Alpha Torbanite and Millungera Basin geothermal projects

What makes Greenvale Energy particularly interesting for investors is the combination of an advanced project with known high-grade mineralisation and regional exploration upside. The Oasis deposit offers near-term drilling catalysts, while the broader regional anomalies present opportunities for significant new discoveries, similar to the recent gold discovery at Killaloe in Western Australia.

Why Investors Should Watch Greenvale Energy

Greenvale Energy represents a compelling opportunity for investors interested in the uranium sector for several key reasons:

1. Advanced Project with High-Grade Potential: Historical results showing up to 0.72% U₃O₈ indicate the potential for a high-grade resource.

2. Multiple Near-Term Catalysts: With drilling commencing within weeks and assay results pending, there are several potential value-driving events on the horizon.

3. Extensive Regional Exploration Upside: The regional anomalies within the project area have never been drill-tested despite their obvious prospectivity, reminiscent of how new targets expanded discovery at other exploration projects.

4. Strategic Position in Uranium Market: With nuclear power gaining recognition as a critical component of clean energy transition, Greenvale Energy is well-positioned in a sector experiencing growing investor interest.

5. Fully-Funded Exploration Program: The company is actively advancing multiple exploration programs across its portfolio.

With uranium prices strengthening and nuclear energy increasingly recognized as a key component of a low-carbon future, Greenvale Energy's progression of the Oasis Project comes at an opportune time for investors seeking exposure to the uranium exploration sector. Furthermore, investors should note that resource diversity is becoming increasingly important, as evidenced by recent titanium discoveries that have attracted significant market attention.

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