Alpha Project Development Update
Project Name: Alpha Project
Project Location: Queensland, Australia
Project Stage: Advanced Exploration
ProjectBank Summary: Greenvale Energy Limited (ASX: GRV) has reported several significant milestones in the ongoing development of its Alpha Torbanite Project in Queensland. Key achievements include the completion of the LicellaTM supercritical water test program and the promising initial indications of bituminous product potential from the bulk samples analyzed by Technix and PROCOM. These developments mark a crucial step towards delivering the maiden Pre-Feasibility Study (PFS) for the project.
Greenvale Highlights:
Bituminous product potential identified:
Initial bulk sample testing indicates promising properties for commercial bitumen production.
LicellaTM supercritical water test program completed:
Results to aid in ongoing liquefaction test program with Monash University and PROCOM.
Monash University program progressing:
Nine out of sixteen test runs completed, with Test Program Four expected to conclude in early 2024.
MD/CEO Statement: Mark Turner, CEO of Greenvale Energy, commented: "The news coming from both the Technix and Licella programs is highly positive and moves us ever closer to the delivery of the maiden PFS for the Alpha Project. It is very exciting to have the first real indication of the potential commercial products that can be produced from the Alpha Deposit. This is a significant step towards eventual commercialisation and achieving our goal of becoming Australia’s only end-to-end producer of bituminous products."
