Greenvale Energy

Investor Insight

Greenvale Energy offers investors exposure to the high-growth nuclear energy sector through its highly prospective uranium projects, complemented by strategic assets with high-value bitumen and renewable geothermal energy potential, all managed by an experienced team with a proven track record of shareholder value creation.

Company Highlights

• Uranium exploration portfolio across the Northern Territory and Queensland
• Advanced-exploration, high-grade Oasis project with intercepts up to 0.72 percent U3O8 (15.8 lbs/ton)
• Strategic coverage of the Northern Territory, with four uranium projects targeting sandstone hosted and unconformity style deposits
• Alpha Torbanite project with 28 Mt inferred resource, positioned to be the only local producer that can supply Australia’s bitumen market (consuming ~1 Mt annually through 100 percent imported material)
• Millungera Basin geothermal project with potential for 3.4 GW continuous power generation
• Experienced board and management team, Chaired by Neil Biddle, founding director of Pilbara Minerals
• Substantial R&D grant support for the Alpha Torbanite project, having successfully secured over $3 million in non-dilutive grant funding
• Projects aligned to the long-term zero-carbon energy transition

Overview

Greenvale Energy (ASX:GRV) is an ASX-listed exploration company with a portfolio of projects that will support a sustainable, low-carbon future. The Company has early-stage uranium exploration projects in the Northern Territory, the Oasis advanced-exploration project in Queensland and the Alpha Torbanite and Millungera Basin geothermal projects in Queensland. The Company believes the best way to create long-term shareholder value is by investing in exploration, to make discoveries and grow its resource-base.

The company's uranium projects in Queensland and the Northern Territory are particularly significant as global nuclear energy demand accelerates. With nuclear power projected to grow 300 percent by 2050, with nuclear power forecast to supply 30 percent of global power demand, Greenvale is positioned perfectly to leverage the expanding and globally-significant market opportunity. Major technology companies including Amazon, Google and Meta have committed to supporting the goal of tripling global nuclear capacity by 2050, further validating the sector's growth trajectory.Greenvale's portfolio includes the promising Oasis uranium project with high-grade intercepts up to 0.72 percent U3O8, four uranium projects across the Northern Territory, the Alpha Torbanite project, and the Millungera geothermal project in Queensland.

Key Projects

Uranium Projects

The Oasis project is an advanced-exploration Project, featuring exceptional high-grade intercepts up to 0.72 percent U3O8 (15.8 lbs/ton). Originally discovered in 1973, the deposit has seen sporadic exploration including significant work by Esso in 1978/79. The project area contains extensive radiometric anomalies with multiple faults and fractures controlling the distribution of uranium mineralization.

Greenvale has developed a comprehensive work program for Oasis, beginning with regional geological field prospecting and reconnaissance, followed geophysical and geochemical surveys across the Oasis prospect and regional areas. These preliminary works are key to develop and refine targets for Greenvale’s planned maiden drill program at Oasis.

Northern Territory Uranium Projects

Greenvale has four strategic uranium projects in the Northern Territory: Jindare project in Douglas River, Henbury, Elkedra and Tobermorey. These projects target sandstone hosted and unconformity style uranium mineralization, with particular focus on areas where uranium-bearing waters may interact with hydrocarbons, creating optimal conditions for uranium deposition. The geology of these assets is similar to uranium deposits in Kazakhstan, the world’s leading producer of uranium.

The Henbury project is particularly noteworthy, located on the edge of the Amadeus Basin, a major hydrocarbon basin in the Northern Territory. Following research from Geoscience Australia, Greenvale is targeting areas at the margins of hydrocarbon cap-rocks near active structures, which represent prime locations for uranium mineralization.

Alpha Torbanite Project

The Alpha Torbanite Project represents a unique opportunity to supply Australia's infrastructure sector with domestically-produced bitumen. The project features a substantial 28 Mt inferred resource of torbanite and cannel coal, positioning Greenvale to potentially capture a significant share of Australia's annual bitumen consumption (currently assessed as approximately 1 Mt all serviced through material imported from overseas).

Torbanite is a rare type of oil shale containing exceptionally high concentrations of algal-derived hydrocarbons that can be processed to produce high-quality bitumen products. This natural conversion capability makes torbanite deposits like Alpha particularly valuable for infrastructure applications as they can yield bitumen substitutes with properties comparable to petroleum-derived products.

To date, the company has been able to secure over $3 million in non-dilutive R&D grant funding to support project development.. The Company's test program continues to show improved results, with test program 7 planned to produce a bulk sample for certification. Certification will underpin the progression of feasibility studies that will define the full economic potential of the project.

Queensland Geothermal Project

Greenvale's Millungera Basin geothermal project targets one of Australia's most prospective areas for geothermal energy. The basin contains the hottest rock formations in Queensland, with a total identified stored thermal energy potential exceeding 611,000 PJ (at 90 percent probability). Technical reports indicate the potential for an estimated annual electricity generation of 29,621 GWh from inferred resource areas, with capacity to produce 3.4 GW continuously.

Management Team

Neil Biddle - Executive Chairman

A geologist with over 40 years' experience in exploration and mining, Neil Biddle was a founding director of Pilbara Minerals, where he oversaw the acquisition, exploration and development of the world-class Pilgangoora lithium project. His extensive industry experience provides Greenvale with strong leadership and strategic direction.

Alex Cheeseman - Chief Executive Officer

A highly experienced Australian resources executive, Alex Cheeseman has over 20 years’ experience in operational leadership and project development across a range of industries. He has held general manager and CEO-level roles in a number of ASX-listed exploration and mining companies with experience in a range of commodities including iron ore, lithium and base metals. He has a demonstrated track record of success in resource project development, capital markets, corporate development and commodity marketing.

Elias Khouri - Non-executive Director

Bringing extensive experience in equity capital markets, Elias Khouri offers expertise in corporate finance, advisory, capital raisings and joint venture negotiations, enhancing the company's financial and strategic capabilities.

John Barr - Non-executive Director

John Barr is a chartered accountant with more than 25 years of experience as a company director. He was a founding director of Mosman Oil and Gas. His extensive Australian and international experience spans manufacturing, mining and oil and gas industries.

Peter Harding-Smith - Chief Financial Officer & Company Secretary

Peter Harding-Smith brings extensive experience in company financial reporting, corporate regulatory and governance areas, business acquisition and disposal due diligence, capital raising, and company secretarial responsibilities.

Zoe Stackhouse - Exploration Manager

Zoe Stackhouse is a geologist with 20 years' experience in unconventional gas exploration and production. Stackhouse also serves as secretary of the Australian Geothermal Association, bringing specialized expertise to Greenvale's geothermal initiatives.

Mark Turner - Technical Consultant (Alpha Project)

An engineer with over 25 years' experience in the energy sector, Mark Turner has a proven track record of major project delivery across oil & gas, water, power, renewables and nuclear projects.