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Greenvale Energy identifies uranium target at Northern Territory project
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Greenvale Energy identifies uranium target at Northern Territory project

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  • Greenvale Energy identified a 9-kilometre uranium paleochannel target at its Thunderball Uranium Project in the Northern Territory.
  • Following the announcement, the Greenvale Energy share price was unchanged at $0.027.
  • The exploration team identified a large-scale system to expand the mineral potential at the Powers Prospect.

Greenvale Energy (ASX:GRV) has defined a north-south trending target spanning 9km in strike length and up to 400m in width at the Powers Prospect.

Ground-based field measurements verified previous airborne radiometric data by detecting radiation levels three to four times higher than background readings.

The company stated that the findings support the interpretation of potential calcrete-hosted mineralisation at the top of a paleochannel system.

Permitting and approval work is currently underway to prepare the site for planned future drill testing.

Following the announcement, the Greenvale Energy share price was unchanged at $0.027.

The company stated that paleochannel-style deposits represent the world's largest source of economically mined uranium.

Greenvale Energy has been actively expanding its exploration footprint across uranium targets in Australia since 2024.

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