GTI Energy Project Developments

GTI Energy (ASX:GTR) has provided an update on its Lo Herma ISR uranium project in Wyoming's Powder River Basin. The company is set to deliver updated Mineral Resource Estimate and Exploration Target by late 2024. New staking has expanded the project area, and drilling activities are progressing with results expected in early 2025.

GTI Energy's Strategic Outlook

GTI Energy is making significant strides in its Lo Herma ISR uranium project, aiming for an updated MRE and ET by the end of 2024. The project's expansion includes additional acreage and extended mineralised trends. The company is preparing for metallurgical testing with results expected in early 2025, and the drilling phase is set to conclude by December. While GTI Energy maintains its commitment to sustainability, it will withdraw from the Climate Active Program in October 2024. These updates reflect GTI Energy's strategic focus on resource development and sustainable practices.

Insights from GTI Energy

The company is focused on delivering an updated Mineral Resource Estimate and Exploration Target for Lo Herma by late 2024. We are expanding our project footprint and preparing drill core samples for testing, with results anticipated in early 2025. The completion of 2024 drilling is expected by December, focusing on hydrogeologic and water monitoring wells. Although we have deferred drilling at the Green Mountain project, we are considering future investments for 2025. In terms of sustainability, we have managed our GHG emissions under the Climate Active Program for three years but will withdraw from the program in October 2024.