Greenvale Energy Unveils High-Grade Uranium Hits, Eyes Major 2026 Expansion

Strong Start for Greenvale’s Maiden Uranium Campaign

Greenvale Energy Limited (ASX, GRV) has successfully completed its first uranium exploration field season at the Oasis Uranium Project in Queensland, delivering a suite of high-grade assay results that have exceeded initial expectations. The company announced that all final drilling assays from its maiden campaign have been received, confirming robust mineralisation and significantly expanding the geological understanding of the deposit.

The drilling program, comprising 12 holes and over 1,800 metres of combined reverse circulation and diamond core drilling, revealed multiple intervals of uranium mineralisation with grades reaching up to 6,930 ppm U3O8 in one metre intercepts. Notably, several holes confirmed mineralisation remains open both down-dip and along strike, highlighting the potential for further resource growth.

Expanding the Oasis Geological Model

Greenvale’s exploration team has identified new mineralised structures west of the known Oasis deposit, with drill-holes 25GRV011 and 25GRV012 returning encouraging uranium intercepts, albeit at lower grades. These findings suggest the deposit’s complexity and the possibility of additional high-grade zones beyond the current boundaries.

CEO Alex Cheeseman emphasized the iterative nature of geological modelling, noting that the detailed data from Oasis will underpin a broader regional exploration strategy. The company plans to leverage these insights to target prospective areas within the surrounding exploration permit, which has seen limited historical drilling.

Trenching and Regional Exploration on the Horizon

Alongside drilling, Greenvale completed a trenching program across six trenches, collecting samples now undergoing assay analysis. While results are pending, these efforts aim to refine geochemical vectors and support the identification of new drill targets.

Looking ahead to 2026, Greenvale intends to prioritize regional target development, combining geological reconnaissance, mapping, and geochemical profiling to expand its uranium portfolio. The company anticipates that continued exploration success will enable it to define a maiden Mineral Resource Estimate for the Oasis Uranium Project.

Positioning Amidst Industry Tailwinds

Greenvale’s progress comes at a time of heightened interest in uranium, driven by global energy transition demands and supply constraints. The company’s methodical approach, combining high-quality drilling, comprehensive geochemical analysis, and strategic regional exploration, positions it well to capitalize on these market dynamics.

With all field sites rehabilitated and a clear roadmap for 2026, Greenvale is poised to build on its maiden season’s momentum, aiming to deliver further discoveries and resource growth that could materially enhance shareholder value.