Talk about ducks in a row . Nearly 10mill in the kitty to...

Talk about ducks in a row . Nearly 10mill in the kitty to progress Alpha to development stage and exploit Georgia! Good times

ANNOUNCEMENT 29 July 2021QUARTERLY ACTIVITIES REPORT JUNE 2021
Greenvale’s growth momentum increases with Alpha Torbanite Project moving straight to DFS, major exploration program underway at Georgina and additional key appointmentsHighlightsAlpha Torbanite Project, QLD:- Extensive 2,195m, 62-hole core drilling program successfully completed.- Successful installation of test retort and commencement of retort testing.- Alpha Project to proceed directly to a Definitive Feasibility Study (DFS).- This reflects the rapid progress achieved with drilling and retort testing and will save considerable time and resources.- DFS on track to be completed in late 2021/early 2022.Georgina Basin IOCG Project, NT:- Core viewing workshop at the AGES Conference provides insight into theemerging East Tennant Creek mineral province.- Two successful co-funding applications awarded under Round 14 of theNorthern Territory Geophysics and Drilling Collaborations Program.- Work programs underway to confirm priority targets for a maiden drillprogram scheduled to commence in the September Quarter.Corporate:- Highly-experienced global mining and oil & gas executive, Mrs DagmarParsons, appointed as a Non-Executive Director.- After Quarter-end, experienced mining and exploration executiveMatthew Healy appointed as CEO.-
Successful $3 million placement to a strategic institutional investor, tofund expanded exploration activities at the Alpha and Georgina Projects.- Disposal of the Company’s holding in Canadian-listed explorer GoldBasin Resources, realising gross proceeds of AU$720,036.- Cash holdings of $9.86 million at Quarter-end.REGISTERED OFFICE:130 Stirling Hwy, NORTH FREMANTLE, WA 6159 | Locked Bag 4, North Fremantle, WA Australia, 6159 t:+61 8 6215 0372 | e: [email protected]