Greenvale Energy Expands Strategic Douglas River Project Portfolio

Greenvale Energy Expands Northern Territory Uranium Footprint by 70%

Greenvale Energy (ASX: GRV) has made a strategic move to significantly expand its Douglas River Uranium Project in the Northern Territory's world-class Pine Creek region, increasing its land position by 70% to 1,216 square kilometres. This expansion reinforces the company's position in one of Australia's most significant mineral provinces that hosts approximately 20% of the world's low-cost uranium resources. Following this expansion, the company is now positioned similarly to other explorers who have begun drilling gold targets near top producers in premium mineral regions.

Strategic Expansion in a World-Class Uranium District

Greenvale has executed an amendment to its existing Douglas River Acquisition Agreement with Gempart (NT) Pty Ltd, securing two additional Exploration Licence Applications (ELAs) – ELA34114 and ELA34157 – which are contiguous with the company's original exploration licence area.

This expansion is particularly significant given the project's location in the Pine Creek Orogen (PCO), which covers approximately 47,500 square kilometres and is recognised as one of Australia's most significant mineral provinces with over 1,000 known mineral occurrences. The region's geology bears similarities to areas with significant uranium exploration potential in Namibia, another globally important uranium jurisdiction.

"The expansion of our strategic exploration footprint in the highly endowed Pine Creek region of the Northern Territory is a fantastic outcome for the Company. This is a low-cost addition that almost doubles our exploration footprint, in a region that hosts multiple world-class uranium deposits." – Alex Cheeseman, CEO, Greenvale Energy

The Greenvale Energy Douglas River Project expansion provides enhanced flexibility for systematic exploration across a much larger area with similar geological characteristics to known uranium deposits in the region.

Geological Significance and Uranium Potential

The Douglas River Project is situated in the north-eastern part of the Daly Basin, overlying the south-western margin of the Pine Creek Orogen. Preliminary geological interpretation indicates the potential for paleochannel systems identified in previous exploration to continue into the expanded project area.

The geological setting shows strong potential for:

• Shallow, sandstone-hosted uranium deposits
• Unconformity-type uranium deposits (similar to the nearby Thunderball deposit)

Recent high-grade uranium intercepts reported by Patronus Resources at the Thunderball Uranium Deposit, located immediately north of Douglas River, further validate the region's potential to host significant uranium mineralisation. This kind of potential discovery mirrors recent high-grade gold discoveries in other premium mineral provinces.

Understanding Paleochannel Uranium Deposits

Paleochannels are ancient, buried river systems that can be ideal hosts for uranium mineralisation. When uranium-rich groundwater flows through these channels, it can encounter reducing conditions that cause uranium to precipitate and accumulate over time.

These deposits are particularly attractive to explorers and investors for several reasons:

• They can be relatively shallow, making them less expensive to mine
• They often allow for environmentally friendly in-situ recovery methods similar to those being trialled in critical minerals projects
• They can contain high-grade uranium resources
• The Northern Territory's paleochannels have proven uranium-hosting capabilities

For investors, paleochannel-hosted deposits represent a potentially lower-cost development opportunity compared to deep, hard-rock uranium deposits that require conventional mining methods.

The Greenvale Energy Douglas River Project expansion encompasses areas where these paleochannel systems are believed to extend, potentially increasing the resource discovery potential significantly.

Current Operations and Future Exploration Plans

Greenvale Energy is building momentum across its Australian uranium portfolio with:

1. Active drilling underway at the Oasis Uranium Project in Queensland
2. Preparation of multiple fieldwork programmes across its Northern Territory projects
3. Immediate focus on the highly prospective Elkedra and Henbury Uranium Projects

For the expanded Douglas River Project areas, the company plans to:

• Undertake reconnaissance and site access investigations in the coming months
• Commence engagement with Landholders and Traditional Owners
• Progress the ELAs to granted Exploration Licences to allow follow-up field works

As part of its portfolio optimisation, Greenvale has also withdrawn from its acquisition agreement with Gempart (NT) Pty Ltd relating to the Tobermorey Project (EL33621 and EL33692) following initial exploration assessment. The company has taken a similar approach to other explorers who have evaluated historic drill samples before deciding on project advancement.

Investment Perspective: Why Greenvale's Expansion Matters

This expansion significantly strengthens Greenvale's position in the uranium exploration sector for several key reasons:

1. Strategic Positioning: The 70% increase in land holding creates a dominant position in one of the world's most significant uranium provinces.

2. Project Synergies: The contiguous nature of the new tenements allows for more efficient exploration programmes and potential economies of scale.

3. Geological Potential: The expanded area shows similar geological characteristics to known uranium deposits in the region, increasing discovery potential.

4. Market Timing: With uranium prices strengthening and nuclear power gaining recognition as a clean energy source, Greenvale is well-positioned to capitalise on growing demand.

5. Portfolio Diversification: With active projects in both Queensland and the Northern Territory, Greenvale has built a geographically diverse uranium exploration portfolio.

The Greenvale Energy Douglas River Project expansion represents a strategic, low-cost addition that substantially increases the company's exploration potential in this highly prospective region.

The Bigger Picture: Greenvale's Uranium Strategy

Greenvale Energy has strategically positioned itself as an exploration company focused on resources that support a sustainable, low-carbon future. The company's portfolio includes:

• Multiple early-stage uranium exploration projects in the Northern Territory
• The advanced-exploration Oasis Uranium Project in Queensland
• The Alpha Torbanite and Millungera Basin geothermal projects in Queensland

This expansion of the Douglas River Project represents another step in Greenvale's strategy to create long-term shareholder value through exploration, discovery, and resource growth in sectors aligned with the global energy transition.

Why Investors Should Watch Greenvale Energy

For investors interested in the uranium sector, Greenvale Energy presents a compelling opportunity worth monitoring:

• Expanding Footprint: The 70% expansion of the Douglas River Project demonstrates the company's ability to strategically grow its resource potential.

• Multiple Projects: With active drilling and exploration across several projects, Greenvale offers multiple potential catalysts for discovery.

• Strategic Location: The company's focus on the world-class Pine Creek region positions it in one of the most productive uranium provinces globally.

• Management Execution: The team continues to demonstrate their ability to identify and secure prospective uranium exploration ground.

• Market Timing: As global interest in nuclear energy grows amid clean energy transitions, uranium explorers with quality projects are increasingly well-positioned.

With active exploration programmes underway and a significantly expanded footprint in a world-class uranium district, the Greenvale Energy Douglas River Project expansion positions the company to potentially deliver exploration success that could rapidly add value for shareholders in the growing uranium market.

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