Greenvale Energy Limited provided the update on its activities for Alpha tenement. The Alpha deposit is located approximately 62km south of Alpha, a small farming town in Central Queensland and over the last 75 years the area has been explored by numerous parties over that period. As a result, significant exploration data is available from within MDL 330 and includes: 68 holes with total cumulative depth of 3,251.9m; down-hole geophysical logging on 26% of the holes; and 192 oil shale sample analyses. The exploration work within the mining lease has shown an oil shale deposit that consists of 2 seams; an upper cannel coal seam and a lower torbanite/cannel coal seam. Torbanite is the richest variety of oil shale known. Work conducted during the year has been designed to analyse the current dataset and provide a clear strategy for the future work programme. This work has consisted of: data search and validation; technical evaluation interpretation and analysis; construction of a model of the deposit using Gemcom software; and estimate of oil shale exploration targets. The work has highlighted that due to the relative age of the drilling data available and the lack of proper survey information, at the present time there is insufficient data to estimate a Resource of oil shale within MDL 330 according to the JORC Code 2012. However, it is possible to define Exploration Targets under JORC 2012 which are useful, in particular with the deposit model for an intended scoping and utilisation studies. The work also highlighted that the quality of the Alpha shale means it's potential is not necessarily limited to oil production. The board of the company have decided to fully define and, if economically feasible develop the Alpha deposit. A new work programme has been detailed and aims to continue the work from the previous years and update existing data and then establish a programme of infill drilling to upgrade the resource. As previously announced, the MDL 330 is due for renewal by January 31, 2017. The company filed in July/August 2016 an application for the renewal of this licence for a further period of five years. Based on feedback provided from the Company's licence administrator, the board is confident that this extension will be granted in the near future. More importantly, advice received from the technical administrators is that the licence continues to be in place, even if no confirmation has been received by January 31, 2017. In accordance with Mineral Resources Regulation 2003, there is insufficient data to estimate a Resource of oil shale within MDL 330 according to the JORC Code 2012 at this time. Due to the relative age of the drilling data available and the lack of proper survey information, oil shale within MDL 330 can only be classified as an Exploration Target in terms of the JORC Code 2012. In accordance with the JORC Code it must be stated that the Exploration Target area is theoretical in nature at this time as insufficient information is currently available to estimate an oil shale Resource. Additional drilling will be required to demonstrate the Exploration Target potential and there is no guarantee that this work will result in an oil shale Resource. Oil shale Exploration Targets have been estimated using GEMCOM Surpac® mining Software during the 2016 exploration year. The seam thickness, quality and depth was derived from the existing dataset which is not complete. For this reason, Exploration Targets have been identified and not an Oil Shale Resource. Because of the condition of the historic data the Exploration Targets are still conceptual in nature and additional exploration cannot guarantee that an Oil Shale Resource will result.