Greenvale Energy survey confirms uranium potential at its NT projects

Greenvale Energy’s airborne magnetics/radiometrics survey confirms extensive uranium anomalism at its Northern Territory projects
Survey defines uranium anomalies at the Henbury, Tobermorey and Douglas River projects
Dataset being modelled with drilling expected to start in April 2025

Special Report: Greenvale Energy’s exploration campaign in the NT is off to a flying start after airborne magnetics/radiometrics confirmed extensive uranium anomalism is present over its Henbury, Tobermorey and Douglas River projects.

The 14,511-line-kilometre infill survey spaced at 100m was flown over the projects where historical 400m line-spaced surveys had identified extensive uranium and uranium/thorium anomalism.

Greenvale Energy (ASX:GRV) recently acquired 80% interests in the three projects from Gempart over several weeks to establish an exciting exploration pipeline of projects and prospects to be tested in the months ahead.

Henbury, in the Amadeus Basin, consists of two exploration licences, EL33637 and EL33638, which contain multiple priority drill targets, with uranium and thorium anomalies occurring over a 14km strike length. It is prospective for sandstone-hosted uranium mineralisation, akin to proven deposits such as Core Lithium’s 8.03Mlbs U3O8 Napperby deposit.

Tobermorey covers 971km2 about 400km east-north-east of Alice Springs and is also prospective for sandstone-hosted uranium mineralisation.

Over at the Pine Creek region, the lightly explored Douglas River project contains multiple uranium/thorium ratio anomalies concentrated within two interpreted palaeochannels on the western and eastern margins of the tenements.

Survey work

At Henbury, GRV acquired 3588km of magnetics/radiometrics over a substantial outcrop of sediments of the Amadeus Basin, a highly prospective basin hosting known and economic uranium deposits.

This identified a 10km arcuate uranium anomaly within ferricrete overlying the Pacoota Sandstone within EL33637 and a further 2km long uranium anomaly within EL33637.

The company also flew 1044km of magnetics/radiometrics over Douglas River, which identified a 13km-long uranium anomaly overlying a palaeochannel interpreted from airborne EM, which in turn overlies a geological unconformity.

However, the western portion of the project could not be flown this year due to station-mustering activities, and the survey has been rescheduled for after the wet season, most likely in April 2025.

Over at Tobermorey, the 9879km survey confirmed extensive uranium anomalism along a 20km strike length with a width of up to 15km.

This dataset is now being modelled by Montana GIS and detailed interpretation of magnetics overlain by radiometrics is expected to be completed by the end of November.

Once modelled data is received, the company will start drill hole planning with drilling expected to start after the wet season in April 2025.

“This is an exciting start to our first exploration campaign across our newly established NT uranium portfolio,” chief executive officer Mark Turner said.

“The recent magnetic/radiometric survey was designed to infill the strong uranium anomalism reported in a previous government-funded survey completed at the turn of the century.

“The initial results have vindicated our enthusiasm for these projects, confirming the extensive uranium anomalism identified historically and helping us to vector in on the exploration search-space.”

This article was developed in collaboration with Greenvale Energy, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.