Greenvale Energy Limited has reported highly encouraging preliminary findings from new airborne magnetics and radiometrics surveys conducted at its Elkedra and Douglas River uranium projects in the Northern Territory, Australia. The surveys, carried out with a fixed-wing aircraft flying at a nominal 40-metre altitude and 100-metre line spacing, have confirmed extensive uranium and uranium/thorium anomalies. Notably, an 8‐kilometre strike of significant uranium presence at the Elkedra Project and a 32‐kilometre paleochannel system extending between the Douglas River and Jindare projects underline the potential scale of these targets. At Elkedra, the radiometric data suggest a spatial association with the Elkedra Granite, which is believed to be the primary uranium source through leaching and fluid transport into adjacent rock units. Although the exact host geology remains under investigation, the anomaly appears to straddle key Cambrian sedimentary sequences and unconformable contacts with early Proterozoic rocks—geological settings recognized for favourable uranium deposition. Similarly, the Douglas River survey has reinforced the prospectivity of sandstone-hosted uranium mineralisation in the area, highlighted by the 32‐kilometre paleochannel extension. The company is now preparing for an intensive follow‐up field program, with planning and permitting underway to commence detailed ground geophysical surveys, geological mapping, and soil and rock-chip geochemical sampling in the third quarter of 2025. These efforts are intended to refine the targets identified by the airborne campaigns and further delineate the structural and stratigraphic controls of the mineralisation. Bullish sentiment arises from the strong technical indicators and the long history of uranium exploration success in the Northern Territory. The sizable anomalies, especially the large continuous strike at Elkedra and the extended paleochannel at Douglas River, suggest a compelling exploration target that justifies immediate fieldwork and could potentially lead to significant uranium discoveries. However, bearish caution is warranted given that these results are preliminary and model interpretations remain pending. The company is still in the early stages, and while the forward-looking statements are promising, the inherent exploration risks and uncertainties mean that further work is needed to confirm the full nature and extent of the uranium systems.