The surveys completed at 100m line spacing identified a uranium anomaly with a strike length of 8km at Elkedra and a 32km paleochannel connecting the Douglas River and Jindare projects.

This is well timed given that some analysts are seeing signs of a returning uranium bull market on the back of executive orders from US President Donald Trump to incentivise new uranium developments in the US.

Greenvale Energy (ASX:GRV) chief executive officer Alex Cheeseman said the results reinforced the excellent potential of the company’s NT projects and provided a clear pathway to the next round of exploration.

“The scale of the anomaly at Elkedra is clear, with this target now the priority focus within our NT portfolio,” he added. 

“We plan to get boots on the ground as soon as possible. Planning and permitting actions are underway and we expect to be able to conduct fieldwork in Q3. 

“Given the Northern Territory’s long and successful history of uranium exploration and mining, to have identified such compelling targets so early in our exploration journey is a fantastic result for Greenvale.”

At Elkedra, the initial evaluation of recently captured radiometric data has confirmed the presence of extensive uranium and uranium/thorium anomalism.

This result is consistent with and builds on the findings from the NT Geological Survey regional airborne surveys completed between 1999 and 2002 at a 400m line spacing.

There is evidence that this new system has a spatial association with the Elkedra Granite, which is interpreted to be the primary source of the anomalous uranium, though the precise geological setting of the uranium mineralisation remains under investigation.

Meanwhile, the Douglas River survey has confirmed a northern extension of a paleochannel system previously identified in the Jindare survey to the south.

This enhances the prospectivity of the area for sandstone-hosted uranium mineralisation as paleochannels provide a favourable environment for uranium deposition, with potential for fluid transport and trapping within porous sandstone units.

While the company is awaiting detailed modelling and interpretation of the survey data, the preliminary results indicate a mineral prospectivity at Elkedra that warrants a comprehensive follow-up field program.

Planning and permitting processes are underway with fieldwork expected to start in Q3, 2025.

This is likely to include detailed ground geophysical surveying using handheld scintillometers targeting the anomalies identified through the recent airborne rad/mag surveys.

Field programs will also seek to incorporate detailed geological mapping to better understand the lithological and structural controls on the potential uranium mineralisation.

GRV adds that it could carry out geochemical sampling – including systematic collection of soil and rock chip samples across key target areas – to determine if uranium and associated pathfinder elements are present in order to refine targets for future exploration.