Greenvale Energy Prepares to Drill High-Grade Uranium at Oasis Project
Greenvale Energy is gearing up for its maiden drilling campaign at the Oasis Uranium Project in Queensland, targeting promising high-grade mineralisation and multiple regional anomalies.
- Maiden drill program planned within four weeks at Oasis Uranium Project
- Field teams completed site access, mapping, and pegging of drill locations
- Permitting progressing with landholders and Traditional Owners
- Historical data and recent reconnaissance highlight significant exploration potential
- Assay results from rock chip samples pending to guide next exploration steps
Setting the Stage for Exploration
Greenvale Energy Limited (ASX – GRV) is advancing preparations for its first-ever drilling program at the Oasis Uranium Project, a 100%-owned asset located approximately 250 kilometres west of Townsville in Queensland. The project area, covering 90 square kilometres, hosts the historically significant Oasis uranium deposit, first discovered in the 1970s along a major geological fault zone known as the Lynd Mylonite Zone.
The company’s recent field activities have focused on ground access, detailed mapping, and sampling across regional radiometric anomalies that share geological characteristics with the known deposit. These efforts have identified promising structural features such as biotite schistose rocks and potential shear zones, which are key hosts for uranium mineralisation in the region.
Progress on Permitting and Community Engagement
Greenvale has submitted the necessary permitting applications and is actively consulting with the local landholder and the Ewamian People, the Traditional Owners of the land. Protocols for environmental management, including weed and seed controls, have been agreed upon, reflecting the company’s commitment to responsible exploration practices. While formal approvals are pending, the company does not anticipate significant delays, citing previous ground-disturbing activities in the area.
Exploration Potential and Next Steps
Historical drilling at Oasis has returned high-grade uranium intercepts, with some assays reaching up to 0.72% U3O8, which is considered substantial in the uranium sector. The recent reconnaissance program has expanded the scope of exploration targets, revealing multiple regional anomalies that remain untested by drilling. Rock chip samples collected during fieldwork are currently undergoing laboratory analysis, with results expected in the coming quarter. These assays will be critical in refining drill targets and planning subsequent exploration phases.
Greenvale’s CEO, Alex Cheeseman, expressed enthusiasm about the upcoming drill program, highlighting the advanced nature of the targets and the broader regional potential for large-scale discoveries. The company is finalising contractor engagements and logistical arrangements, aiming to commence drilling as soon as permits are secured.
Strategic Implications
The Oasis Uranium Project represents a strategic asset for Greenvale as it seeks to build a significant uranium resource base in Queensland and the Northern Territory. With global interest in uranium rising due to its role in low-carbon energy, successful exploration at Oasis could position Greenvale favorably within the sector. However, the outcome of the maiden drilling program and pending assay results will be pivotal in determining the project’s commercial viability and future development trajectory.
Bottom Line?
Greenvale’s upcoming drilling at Oasis could unlock a new chapter in Queensland uranium exploration, but results and permits remain key milestones to watch.
Questions in the middle?
- Will the maiden drilling confirm the high-grade uranium mineralisation suggested by historical data?
- How quickly will permitting approvals from the Ewamian People and landholders be finalized?
- What scale of resource expansion could the regional anomalies support if drilling is successful?
