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Greenvale Mining Ltd. ( (AU:GRV) ) just unveiled an announcement.
Greenvale Energy Limited announced successful results from Liquefaction Test Program 6 for its Alpha Torbanite Project, conducted by the University of Jordan. The program achieved the highest product conversion to date and improved viscosity through the introduction of catalysts, moving closer to producing a commercial C170 grade bitumen product. The use of Zn catalyst and THF as a solvent significantly enhanced conversion rates and lowered viscosity, indicating promising advancements in the project. The results suggest that Greenvale is nearing optimal conditions for producing high-quality bitumen, with further testing planned to confirm these findings.
More about Greenvale Mining Ltd.
Greenvale Energy Limited is a company operating in the energy sector, focusing on the development of bitumen products. Their primary project is the Alpha Torbanite Project in Queensland, which aims to produce commercial-grade C170 bitumen.
YTD Price Performance: -40.0%
Average Trading Volume: 112
Technical Sentiment Signal: Strong Buy
Current Market Cap: $14.5M
See more data about GRV stock on TipRanks’ Stock Analysis page.