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Greenvale Energy Limited (ASX:GRV)

ALERT: Price-sensitive ASX Announcement for GRV
Current share price for GRV : $0.037 0.004 (12.12%)+
Announcement
Release
9 Jun 2026 9:48AM
Price at Release
$0.033
Full Release
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Summary
Greenvale Energy Limited announced progress in the Alpha Project under Test Program 7. Technix completed initial assessments of Monash University samples, successfully removing light-end fractions and passing flash point characterisation for C-170 specification. While penetration tests show compliance, viscosity needs improvement. The next phase involves using the Technix multi-stage bitumen process for final modifications before independent certification. The Alpha Project, with a 28Mt resource and 27.7 million barrels of synthetic oil equivalent, is crucial for reducing Australia's dependency on international oil supply.
Key Points
  • Product characterisation completed by Technix with successful removal of light-end fractions.
  • Flash point characterisation passed against C-170 specification.
  • Penetration test work indicates compliance within the C-170 specification.
  • Viscosity performance requires further enhancement.
  • The Technix multi-stage bitumen process (TMBP) will be used for final product modifications.
  • The Alpha Project aims to produce a bituminous product independently certified to C-170 specification.
  • Alpha Project hosts Inferred Mineral Resource Estimate of 28Mt with 27.7 million barrels of synthetic oil equivalent.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.