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Greenvale Energy Limited (ASX:GRV)

ALERT: Price-sensitive ASX Announcement for GRV
Current share price for GRV : $0.040 0.007 (21.21%)+
Announcement
Release
15 Jun 2026 10:01AM
Price at Release
$0.033
Full Release
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Summary
Greenvale Energy Limited has announced a strategic acquisition of the uranium exploration rights for the Pine Creek Uranium Project from Patronus Resources Ltd. This acquisition encompasses the high-grade Thunderball Uranium Deposit and expands Greenvale's uranium exploration footprint to 2,466 km², making it one of the leading players in uranium exploration in the Northern Territory. The project includes multiple high-grade targets and offers significant exploration opportunities. Patronus will become a major shareholder in Greenvale, which plans an aggressive exploration campaign to upgrade the Thunderball deposit to a JORC Mineral Resource Estimate and explore numerous advanced targets along the Hayes Creek Fault Zone.
Key Points
  • Greenvale Energy Limited has acquired the uranium exploration rights for the Pine Creek Uranium Project from Patronus Resources Ltd.
  • The acquisition includes the Thunderball Uranium Deposit and covers a total area of 2,466 km².
  • The acquisition is strategically significant, doubling Greenvale's uranium tenure and positioning it as a dominant player in the Northern Territory's uranium exploration.
  • The Pine Creek Uranium Project includes multiple high-grade targets and advanced prospects along a 10 km structural corridor.
  • The exploration rights allow Greenvale to conduct extensive drilling and exploration activities immediately.
  • Patronus will become a major shareholder in Greenvale, with a 19.6% stake after the acquisition.
  • The acquisition aims to upgrade the Thunderball Uranium Deposit to a JORC (2012) Mineral Resource Estimate.
  • Greenvale plans an aggressive exploration campaign across the Pine Creek and Douglas River Projects, now referred to as the Thunderball Uranium Project.
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.