Greenvale advances Alpha Project bulk sample program toward product certification

Greenvale Mining ( (AU:GRV) ) has issued an update.

Greenvale Energy has updated the market on progress at its Alpha Project, confirming that Test Program 7 Milestone 3, focused on bulk sample production, is advancing as planned with six of nine contracted pressure leach runs completed. The program is designed to generate a bituminous product that can be independently certified to C-170 specification, underpinning the project’s future commercial positioning.

The Monash University processing team is conducting roughly one production run per week and may extend the bulk sample phase beyond the initial scope, while process reviews have led to equipment and operating refinements delivering about 99 wt% conversion of torbanite and an average 32 wt% toluene-soluble yield. Initial samples have already been dispatched to Technix for product characterisation and preliminary testing, marking a key step toward product certification and de-risking the Alpha Project’s path to market.

The most recent analyst rating on (AU:GRV) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Greenvale Mining stock, see the AU:GRV Stock Forecast page.

More about Greenvale Mining

Greenvale Energy Limited is an ASX-listed resources company focused on developing the Alpha Project, which aims to produce bituminous products from torbanite through advanced processing and leaching technologies. The company is working with Monash University and external laboratories to refine its processing flowsheet and achieve independently certified bituminous products for commercial markets.

Average Trading Volume: 303,073

Technical Sentiment Signal: Sell

Current Market Cap: A$21.34M

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