Ann: Acquisition of High Quality Helium and Hydrogen Opportunity, page-31

livewire.com.au B. FitzGerald 20.10.23 said

"Greenvale

Before Brinsden spent seven years building and then nursing Pilbara Minerals’ Pilgangoora lithium mine through its difficult early years, veteran geologist Neil Biddle led the company.

It is believed that Biddle was the first person to mention the world spodumene on an Eastern States roadshow when talking about the Pilgangoora discovery.

Lithium was unheard of as an investment class at the time, which is not all that long ago actually.

Anyway, Biddle’s early adoption of lithium as an opportunity for the then-junior Pilbara Minerals – it’s now worth $12.2 billion – was not a one-off event.

He is a serial opportunist, something that is playing out at his Greenvale Energy, currently trading at 8c for a market cap of $32 million.

Greenvale’s main go is a torbanite project in Queensland that could be the import-replacement answer for Australia’s bitumen needs. Who would have thought?

The project is still being worked up but potentially at least, it could be a nice earner for a company with Greenvale’s modest market cap.

Not content to be investigating torbanite alone, Biddle has now added helium and (natural) hydrogen to the Greenvale story by picking up a 75% interest in an advanced project in the Amadeus Basin in central Australia from AIM-listed Mosman Oil & Gas.

The project comes with a big prospective resource base. Natural hydrogen has the greenest of green credentials compared with the energy intensive alternatives while helium is in a class of its own because of its particular attributes, and its myriad growing high-end uses.

The initial focus by Greenvale will be on seismic work on the gas accumulations, followed by drilling. End users will be watching given the current dominance – in an under supplied market – of Middle East and Russian helium supplies".