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GTI Energy (ASX: $GTR) completes successful drilling program at Lo Herma

GTI Energy Ltd (ASX: $GTR) activities report


GTI Energy Ltd (ASX: $GTR) is pleased to report on its activities during the December quarter. The company completed the initial 26-hole drilling program on time and on budget at its Lo Herma ISR Uranium Project, confirming the exploration potential along trend in the Wasatch Formation and at depth in the Fort Union Formation. Additionally, the company appointed Matt Hartmann as President US Operations with over 20 years of global mineral exploration, project development, and commercial experience.

Executive commentary


Matt Hartmann, President US Operations, stated, 'We are pleased with the successful completion of the initial drilling program at Lo Herma, which has validated the historical data package and confirmed the exploration potential. The appointment of Matt Hartmann brings significant expertise to our US operations, and we are looking forward to the planned 2024 expanded drill program at Lo Herma.'

Summary of activities and outlook


During the December quarter, GTI Energy Ltd (ASX: $GTR) completed a successful 26-hole drilling program at its Lo Herma ISR Uranium Project, validating the historical data package and confirming the exploration potential. The company also expanded its land position through the staking of 28 additional claims at Lo Herma and reported positive results from the airborne Magnetic & Radiometric Survey at Green Mountain. The appointment of Matt Hartmann as President US Operations brings extensive experience to the company's technical and commercial activities in the US. Looking ahead, GTI plans to update the mineral resource and exploration target estimates following the execution of planned and permitted drilling during 2024, indicating a positive outlook for the company's continued exploration and development efforts.

Sourcehttps://announcements.asx.com.au/asxpdf/20240124/pdf/05zpgdm7yz3p1s.pdf

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