GTI Energy Ltd (ASX: $GTR) Activity Update

GTI Energy Ltd (ASX: $GTR) has provided an activity update, highlighting the progress in planning for the 2024 field season in Wyoming. The company is on track with permitting for drilling at Lo Herma during Q3 and has also initiated permitting for maiden drilling at Green Mountain in 2024.

Executive Commentary

The planning and permitting progress for the 2024 field season at Lo Herma and Green Mountain projects are significant milestones for GTI Energy Ltd. We are focused on optimizing follow-up drilling at Lo Herma and commencing maiden drilling at Green Mountain to further our exploration and resource development goals. The updated mineral resource estimate and exploration target range for the projects are expected to support our near-term development plans and demonstrate the economic potential of the projects.

Summary of ASX Announcement

GTI Energy Ltd (ASX: $GTR) has made substantial progress in planning and permitting for the 2024 field season at its Lo Herma and Green Mountain projects. The company aims to optimize follow-up drilling at Lo Herma, increase the total number of drill holes, and construct monitoring wells for groundwater data collection. The maiden drilling at Green Mountain is also planned for 2024, with permitting underway. Additionally, the company is evaluating potential paths for renewed exploration, resource development, or other value creating activities with its Utah projects. The updated mineral resource estimate and exploration target range for the projects are expected to support near-term development plans and demonstrate the economic potential of the projects.