Overview of GTI Energy's recent drilling success

GTI Energy Ltd (ASX:GTI) has completed 66 resource estimate development drill holes at its Lo Herma ISR Uranium Project, confirming the extension of uranium mineralisation north from the current mineral resource area. The drilling program, representing approximately 87% of the planned 76-hole program, has delivered strong mineralised intercepts over good thicknesses, with the best results including 6.0ft at 0.123% eU3O8 in drill hole LH-24-028, and 11.0 ft at 0.054% eU3O8 in drill hole LH-24-063.

Executive commentary on drilling success and future plans

Drilling at Lo Herma has been very successful in demonstrating extensions of mineralisation, with strong GT numbers to the north of the project area and at depth in the sands of the lower Wasatch formation. Results so far give us great confidence that we can grow the global uranium resource estimate and upgrade a material portion to the indicated category. Drilling is currently running to schedule with operations now moved to the east of the project area to test for deeper mineralisation in the Fort Union formation. The sand units of the lower Wasatch formations are showing reliable continuity and mineralisation far along trend to the north so we are now excited to see what the deeper Fort Union formation sands may hold as we move to our final exploration area for this phase of drilling.

Summary of GTI Energy's achievements and future plans

GTI Energy's completion of 66 resource estimate development drill holes at the Lo Herma ISR Uranium Project has confirmed the extension of uranium mineralisation north from the current mineral resource area. The company's successful drilling program has provided strong mineralised intercepts over good thicknesses, with notable results including 6.0ft at 0.123% eU3O8 in drill hole LH-24-028, and 11.0 ft at 0.054% eU3O8 in drill hole LH-24-063. GTI Energy plans to utilize the remaining drill holes to test deeper mineralisation in the Fort Union formation in the eastern areas of the project and to complete groundwater monitoring wells across the project. The company aims to update the mineral resource and exploration target estimates following the completion of the current 2024 drilling campaign, with the ambition to grow the global uranium resource estimate and upgrade a material portion to the indicated category.