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Energy|Exploration|PROJECT
Energy|Exploration|PROJECT
energy|exploration|project

Greenvale buys new uranium project in NT’s Arunta region

16th October 2024

By: Creamer Media Reporter

     

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ASX-listed Greenvale Energy has enhanced its Australian energy portfolio with the acquisition of a new uranium project in the eastern Arunta region of the Northern Territory.

Greenvale will acquire an 80% interest in EL33621 and EL33692, comprising the Tobermorey uranium project, from project vendor Gempart.

CEO Mark Turner said the acquisition was an attractive addition to its Australian energy portfolio, complementing the recently acquired Douglas project.

“Like Douglas, the Tobermory project has proven prospectivity for large-scale sandstone-hosted uranium deposits in an attractive geological setting and comes with multiple high-priority exploration targets.”

Greenvale has incurred a small upfront cost of about A$10 000 payable to Gempart as reimbursement of data acquisition costs to secure its 80% interest in the tenements.

Edited by Creamer Media Reporter

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