8km Uranium Anomaly at Elkedra and 32km Paleochannel at Douglas River Revealed

Exploration Breakthrough in the Northern Territory

Greenvale Energy Limited (ASX, GRV) has announced encouraging preliminary results from recent airborne magnetics and radiometric surveys over its Elkedra and Douglas River uranium projects in Australia's Northern Territory. The surveys, conducted at a detailed 100-metre line spacing, have revealed extensive uranium anomalies that underscore the strong prospectivity of Greenvale’s exploration portfolio in this historically significant uranium region.

Elkedra Project, A Large-Scale Uranium System Emerges

At the Elkedra Project, the company identified a substantial uranium anomaly extending over an 8-kilometre strike length. This anomaly is spatially associated with the Elkedra Granite, which is interpreted as the primary uranium source. The geological setting suggests uranium mineralisation may have formed through leaching and fluid transport from the granite into adjacent rock units. While the precise host rocks remain under investigation, the presence of a key unconformity and evident structural controls such as faulting provide a compelling framework for uranium deposition.

Douglas River Project, Extending a Proven Paleochannel System

The Douglas River survey confirmed a northern extension of a paleochannel system previously identified at the nearby Jindare Project, now mapped over a combined 32-kilometre length. Paleochannels are known to be favourable environments for sandstone-hosted uranium deposits due to their capacity to facilitate fluid transport and uranium trapping. Situated within the prolific Pine Creek Region, this discovery enhances the regional uranium potential and aligns with Greenvale’s strategic focus on high-quality targets.

Next Steps, From Airborne Data to Ground Truth

Greenvale is progressing planning and permitting for a comprehensive follow-up field program expected to commence in the third quarter of 2025. The planned fieldwork will include ground geophysical surveys using handheld scintillometers, detailed geological mapping, and systematic surface geochemical sampling. These efforts aim to refine target areas and better understand the lithological and structural controls on uranium mineralisation, setting the stage for potential resource delineation.

Strategic Implications and Market Context

CEO Alex Cheeseman highlighted the significance of these early-stage results, noting the scale of the Elkedra anomaly and the Northern Territory’s established uranium mining history. The findings provide a clear pathway for advancing Greenvale’s exploration efforts and underscore the company’s commitment to building a sustainable, low-carbon future through uranium discovery. As global demand for uranium evolves amid energy transition dynamics, Greenvale’s progress in the Northern Territory could position it as a noteworthy player in the sector.