Past year: ▼ 62%(2.10c – 5.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
5 Sept 2024admin correction● Neutral
Greenvale re-released its 28 August Douglas River uranium announcement, amended to add information required under JORC. The deal is unchanged: initial 80% of the Pine Creek, NT project, Gempart free-carried to a feasibility study, about $20,000 upfront.
3 Sept 2024investor presentation● Neutral
CEO Mark Turner presented at the Resources Rising Stars conference on the Gold Coast on 3 September. The visible text is the notice and disclaimers; no new results are visible. Presentation is titled around bitumen and uranium assets.
28 Aug 2024asset acquisition disposition▲ GoodMajor
Greenvale signed a binding agreement to acquire an initial 80% of the Douglas River Uranium Project (Pine Creek, NT) from Gempart, which is free-carried to a feasibility study. Upfront cost is about $20,000. This is the new-asset push flagged in June, and a move into uranium.
8 Aug 2024regulatory community update● Neutral
A six-month extension was approved for EP145 Year 3 work, now due 21 February 2025, because environmental approvals for the seismic survey are delayed. This contrasts with the earlier plan of August start; Year 4 well drilling is due by February 2026.
30 July 2024quarterly activities report● Neutral
June quarter recap: Alpha Scoping Study suspended, Test Program 5 started, EP145 farm-in completed with a $100k grant, Georgina sale done, Astute shares sold for $1.53M. A six-month EP145 extension was applied for. Mostly repeats known news.
18 July 2024other▲ Good
Greenvale received the $0.83M 2023 R&D tax rebate, as flagged on 16 July, bringing cash to about $3.70M. Funds are earmarked for Alpha test work and new business development opportunities.
17 July 2024joint venture update● Neutral
Greenvale re-engaged the University of Jordan for a low-cost, lab-scale Test Program 5 to fix the viscosity and elasticity problems Technix found at Alpha. If successful, Test Program 6 would follow. No guarantee of a positive outcome.
16 July 2024asset acquisition disposition● NeutralMajor
Greenvale sold its Astute Metals shareholding for $1.53M, lifting cash to over $2.85M. It keeps the 2% royalty and the possible 5M-share milestone payment. About $830,000 of 2023 R&D grant is expected soon.
26 June 2024joint venture update▼ BadMajor
Technix testwork found Alpha shale extract can make standard or modified bitumen but not premium C170 grade. The Board suspended the Alpha Scoping Study to re-evaluate and conserve cash, and is assessing new acquisitions. This reverses the earlier PFS-then-pilot path.
14 June 2024capital raising announcement▼ BadMajor
Greenvale withdrew the 7 June $1.9M Share Purchase Plan at 5c, citing uncertain markets and the recent share price decline. It may raise again once Alpha updates are out, and is reviewing new acquisition opportunities.
11 June 2024regulatory community update▲ Good
Greenvale won a $100,000 NT Government co-funding grant toward one seismic line in the EP145 Wild Horse 2D survey, still scheduled to start in August. A modest endorsement and a small offset to cost.
7 June 2024capital raising announcement▼ BadMajor
Greenvale issued 18.5M shares to Pioneer at 5.4c, cutting the loan from $3.287M to $2.287M, and planned a $1.9M SPP at 5c (38M shares). The Alpha PFS is now to be revised to a Scoping Study. Full Pioneer repayment deferred to conserve cash. Test Program 4 testing complete.
4 June 2024asset acquisition disposition● NeutralMajor
The sale of Greenvale's remaining 20% of Knox (Georgina Basin) to Astute completed, for 5M Astute shares, resolving the January term sheet. A further 5M shares are possible on milestones within four years. Stake in Astute is now 12.27%; the 2% royalty is kept.
31 May 2024other● Neutral
Greenvale launched an online Investor Hub where shareholders can find announcements and presentations and ask management questions. No new results or financial information.
29 May 2024regulatory community update▲ Good
The environmental plan for the EP145 Wild Horse 2D seismic survey (118km of lines) was submitted to and accepted by the NT regulator. Long-lead items are ordered and acquisition is expected to start in August, a step toward drill targeting.
20 May 2024director officer appointment● Neutral
John Barr joins as a non-executive director. He was a founding director and Executive Chairman of Mosman Oil and Gas, Greenvale's EP145 vendor. The board expects his experience to help with the helium project and Alpha.
30 Apr 2024farm in farm out completion▲ GoodMajor
With Ministerial consent received 29 April 2024, Greenvale completed its 75% farm-in to EP145 (Amadeus Basin) from Mosman, resolving the thread open since October. It will pay Mosman $160,000 and lead the Year 3 work program, due August 2024.
26 Apr 2024quarterly activities report● Neutral
March quarter: Test Program 4 extended to include October 2023 core samples and nearing completion; PFS expected Q2 2024; two-stage 100,000 then 200,000tpa plan; Leichhardt East drilling planned mid-year; EP145 completion extended to 30 April. Largely repeats earlier news.
4 Apr 2024investor presentation● Neutral
CEO Mark Turner presented at the Resources Rising Stars conference in Adelaide on 4 April. The visible text is the notice and disclaimers; no new results are visible.
28 Mar 2024farm in farm out agreement● Neutral
EP145 farm-in completion date extended again, from 31 March to 30 April 2024, as Ministerial consent is still pending. Transfer fee paid; approval expected within weeks. Wild Horse 2D seismic aimed for completion by August 2024, with drilling in 2025.
15 Mar 2024half year report● Neutral
Half-year to 31 Dec 2023: loss $1,439,781 (prior period $2,320,874); net assets $9.46M (June 2023: $10.41M). Cash fell from $5.16M to $3.24M. No dividend. Notes the EP 145 delay and the Georgina sale as subsequent events.
13 Mar 2024joint venture update● NeutralMajor
Greenvale will take a staged approach at Alpha: a first plant of 100,000tpa bitumen from 500,000t mined, later 200,000tpa with about 20-year mine life (preliminary). PFS now expected Q2 2024, slipping from the Q1 2024 target.
1 Feb 2024investor presentation● Neutral
CEO Mark Turner presented at Resources Rising Stars in Brisbane on 1 February. The visible text is the notice and disclaimers; no new results are visible.
29 Jan 2024asset acquisition disposition● NeutralMajor
Greenvale agreed to sell its 20% of Georgina (Knox) to Astute for 5M Astute shares ($250k deemed, $0.05) plus 5M on milestones within four years; keeps 2% royalty. Stake in Astute rises from 11.21% to 12.27%. Needs shareholder and regulatory approval. Frees focus for Alpha and helium.
29 Jan 2024asset acquisition disposition● Neutral
Astute (the 80% owner) announced a conditional term sheet to buy Greenvale's remaining 20% of Georgina for 5M Astute shares ($250k at $0.05), plus 5M more on milestones within four years. Needs Astute shareholder approval. Greenvale's Astute stake would rise from 11.21% to 12.27%.
25 Jan 2024quarterly activities report● Neutral
December quarter recap: Alpha Inferred resource 28Mt (+51%), 27.7M bbl; Licella done, Monash 9 of 16 runs, Test Program Four due early 2024; EP 145 farm-in signed; $477k Pioneer shares issued. Mostly repeats known news; updates promised early March quarter.
24 Jan 2024farm in farm out agreement● Neutral
The EP 145 farm-in deadline for Ministerial consent was extended from 31 January to 31 March 2024. Greenvale will reimburse approved government and development costs, and says stamp duty is paid. The deal is still not complete, with approval timing outside Greenvale's control.
11 Jan 2024drilling result▲ Good
Astute, which owns 80% of Georgina (Greenvale 20% plus 2% royalty), identified a 1km-long high-density IOCG target from gravity modelling, about 300m above earlier mineralised ironstone. Drill testing is planned for H2 2024. This is modelling only, not a drill result.
27 Dec 2023joint venture update▲ Good
Technix's first look at Alpha bulk-sample oil shows ~55% asphaltene and properties close to Class 600 bitumen, which the company calls promising for a premium product. Licella's program is complete; Monash has finished 9 of 16 runs, with Program Four due early 2024.
22 Nov 2023director officer appointment● Neutral
Vincent Fayad was appointed alternate director for Elias Khouri from 22 November 2023 to help manage the 2023 AGM. He is to resign as a director immediately after the AGM, which was to finish by close of business that day.
