Greenvale Energy Limited has initiated its first drilling campaign at the fully owned Oasis Uranium Project in Queensland, Australia. The company began preparatory work on 22 July 2025 by clearing access tracks and preparing drill pads, followed by the mobilization of drilling contractors on 26 July. Drilling operations officially commenced on 27 July 2025, with the program expected to span five to six weeks. The planned drilling will cover approximately 2,000 to 3,000 metres using a blend of Reverse Circulation (RC) and diamond core drilling techniques. This dual approach is set to verify historical high-grade uranium mineralisation in the Oasis deposit and explore for possible extensions both laterally and at greater depths. The technical strategy involves employing RC drilling initially to quickly penetrate overburden zones, with a switch to diamond core drilling in areas where projected mineralisation is expected. The use of diamond core drilling will yield high-quality geological data through precise sampling and detailed structural logging. Additionally, the campaign includes down-hole logging that utilizes spectral gamma and Acoustic Televiewer (ATV) tools. These instruments are designed to distinguish between elements such as uranium, thorium, and potassium while capturing structural features like fractures and bedding orientations. Such real-time insights are crucial for refining drill targets and enhancing the overall geological model of the deposit. In parallel, reconnaissance mapping and sampling were completed in June 2025 across regional geophysical targets surrounding the Oasis deposit. The company is anticipating assay results from these regional activities in the coming weeks, which could support further follow-up exploration pending the resolution of necessary permitting procedures with local stakeholders. Investor sentiment appears to be mixed. On the bullish side, the commencement of the maiden drill program marks a significant milestone for Greenvale Energy Limited, potentially accelerating value creation through exploration. The integration of advanced drilling techniques and in-depth logging technologies adds a layer of technical sophistication that could increase resource estimates if the anticipated mineralisation is confirmed. Conversely, some caution is warranted, as the exploration phase carries inherent risks. The ultimate success of the drilling campaign depends on whether the historical mineralisation can be replicated and extended, and unexpected geological challenges could affect the program’s outcomes. Overall, while the step forward is promising for those bullish on resource exploration, the uncertainties characteristic of early-stage drilling projects remain a point of concern for more risk-averse investors.