May 29, 2025 Greenvale Energy zeroes in on uranium prospectivity...

May 29, 2025


Greenvale Energy zeroes in on uranium prospectivity in the NT as sentiment soars
Greenvale Energy has completed extensive airborne magnetic/radiometric surveys over its Douglas River and Elkedra uranium projects in the NT as it looks to double down on potential exploration targets (reports *).

May 29, 2025
The Douglas River project is of particular interest, sitting in the Pine Creek region – one of the world’s largest and richest uranium provinces – containing the Alligator River (Ranger and Jabiluka) deposits as well as the Rum Jungle and South Alligator Valley (Coronation Hill and El Sherana) deposits.
The project itself has been historically explored for a number of minerals including uranium, gold, tin, base metals and diamonds with extensive anomalism defined from surface sampling.
This latest 7,300 line kilometres of surveys over the Douglas River and Elkedra projects wraps up the program across the company’s broad, uranium-focused land in the state.
The results are expected in two months’ time, which Greenvale Energy (ASX:GRV) says will help develop and refine targets for field-based mapping and sampling programs and future drilling.
Canaccord Genuity analysts said in a note last week they believe the sector’s historical pattern of sharp price moves following periods of stability suggests that a breakout could be imminent.
Perth broker Argonaut and its sector analyst Jon Scholtz have tipped spot prices will rally to US$100/lb by the end of 2025, noting a return of positive investor sentiment – something GRV has welcomed.
The company says survey data and interpretation will complement similar work completed over the Henbury and Jindare projects earlier in the year, where multiple elevated uranium anomalies were identified.
“Completing this important foundational exploration work is a key step for Greenvale to identify follow-up targets across our extensive uranium-focused land package in the Northern Territory,” CEO Alex Cheeseman said.
“The results will allow us to refine targeting opportunities and plan follow-up field work.
“Incrementally building our knowledge base will allow us to design focused and cost-effective follow-up groundwork programs, helping to streamline the exploration process.
“With investor sentiment in the uranium sector rebounding strongly, we are eager to move forward with these exciting projects.”