Greenvale Energy paves way for high-value green energy and bitumen
February 20, 2024 at 04:11 pm
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Greenvale Energy Ltd (ASX:GRV) CEO Mark Turner joins Jonathan Jackson in the Proactive studio to discuss the company’s interest in rare, high-value commodities including bitumen and green energy assets. Turner talks us through the company’s three key projects including the Alpha Torbanite Project, its high-grade helium and hydrogen project in central Australia and a geothermal project in Queensland, where it has an untapped renewable energy opportunity. The company has its eye on growing markets and through the torbanite project is looking to develop Australia’s only domestic source of bitumen. Turner discusses the work being done at all three projects and the investment proposition for the company.
On the torbanite project, Turner said: “It is very exciting to have the first real indication of the potential commercial products that can be produced from the Alpha deposit. And while there is some way to go before, we have our first bitumen certified, it is a big step in the right direction – a step towards eventual commercialisation and achieving our goal of becoming Australia’s only end-to-end producer of bituminous products."
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Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Copyright (c) 2024 TheNewswire - All rights reserved., source Press Releases
Greenvale Energy Ltd is an Australia-based company engaged in the exploration and development of mineral resources in Queensland, Australia. The Companyâs flagship Alpha Torbanite Project is located approximately 50 kilometers (km) south of the town of Alpha in Central Queensland. The Alpha torbanite deposit consists of two seams, an upper seam of mostly lower-grade mineralization with an average thickness of about 1.12 meters (m) and a lower seam containing lenses of torbanite up to 1.9 m thick. The Alpha Project Tenements include MDL 330, EPM27718, EPM 28487, EPM 28488, and others. The Company also has about 20% interest plus a 2% royalty over the Georgina Basin Project in the Northern Territory. The Georgina Basin Project is located in the East Tennant province in the Northern Territory, which comprises seven granted exploration licenses and three under application, for a combined total of approximately 4,500 square kilometers. It also focuses on geothermal projects.