Greenvale Energy Acquires Pine Creek Uranium Project, Patronus Takes 19.6% Stake

The Pine Creek project features multiple drill-ready targets along a 10-kilometre structural corridor extending from Thunderball along the Hayes Creek Fault Zone. Targets include Thunderball Extended, Moonraker, Goldeneye, Corkscrew, the Bella Rosa Trend and Burrundie Dome. The corridor runs into Greenvale's adjoining Douglas River project, where the company is about to start an airborne geophysics survey.

Greenvale managing director Alex Cheesman said the acquisition would provide a platform for resource growth and new discoveries in a proven uranium province. "This strategic acquisition represents a major step forward in our strategy to establish a significant uranium portfolio in the NT and positions Greenvale as a dynamic Australian uranium growth company," he said.

On completion, Greenvale will refer to the combined Pine Creek and Douglas River project areas as the Thunderball uranium project. The full package gives Greenvale a district-scale 2,466 square kilometre exploration portfolio in a premier uranium province.

Cheesman said the consolidation allows Greenvale to adopt a holistic exploration approach across a land package where key geological structures traverse both projects. "With global uranium demand continuing to strengthen and governments around the world increasingly recognising the importance of nuclear energy for clean baseload power to support global decarbonisation, we believe the Pine Creek region represents one of Australia's most compelling uranium exploration and discovery opportunities," he said.