Greenvale Mining Limited advised that it has completed the first hole of the Company's expanded field program at its 100%-owned Georgina Basin IOCG Project in the Northern Territory. The hole forms part of a significantly expanded drill program announced at the start of the year covering multiple targets across the Company's central tenement, EL32295. Geophysical inversion modelling of previously acquired magnetic and gravity geophysical data covering part of EL32295, together with interpretation of recently received assay results from initial drilling at the Twin Peak targets last year, led to a re-prioritisation of the Company's central tenements, particularly two targets within EL32295 ­ Leichhardt and Banks.

The successful completion of the first hole at Banks marks an important milestone for the Company's ongoing exploration efforts at Georgina. The central tenement grouping was selected due to the presence of extensive coincident magnetic and gravity anomalism prospective for IOCG mineralisation, as well as its proximity to regional deep-seated faults (important for fluid flow). Additionally, the Company's central tenement EL32295 is located approximately 9.5km along strike from Middle Island Ltd.'s Crosswinds prospect, where copper oxide mineralisation has been observed at surface.