Kalkine: GTI Energy Drives Expansion at Lo Herma Amid Strengthening Nuclear Outlook | ASX 200 Update

Highlights

• GTI Energy (ASX:GTR) advances development of Lo Herma ISR uranium project in Wyoming

• Scoping Study prompts expanded exploration and metallurgical testing plans for 2025

• Regulatory engagement ongoing for revised drilling permit to support future work

GTI Energy (ASX:GTR), operating within the energy and uranium sector, has taken decisive steps toward enhancing the resource scope at its Lo Herma In-Situ Recovery (ISR) Uranium Project in Wyoming’s Southern Powder River Basin. The company's shares are listed on the ASX 200 index, which tracks key performances of Australian-listed entities. GTI recently concluded a Scoping Study, strengthening the groundwork for an extended work program into the next calendar year.

The company has announced preparations for a revised drilling notification permit, intended to support increased drilling activities across 2024 and 2025. This submission will be lodged with the Wyoming Department of Environmental Quality, where GTI maintains an established compliance track record. The new program aims to refine data collection and enhance confidence in the current uranium resource estimates.

Work Program to Enhance Resource Confidence and Data

The next phase of GTI’s development focuses on increasing the resource base and improving the classification level of the current inferred mineralisation. This involves acquiring comprehensive hydrogeologic data and additional core samples for metallurgical studies. These activities will contribute to the refinement of geological and hydrological models that are central to ISR-based uranium extraction.

GTI has outlined aquifer pump testing of monitor wells drilled earlier in the year as part of its operational focus. These tests are expected to yield insights into groundwater movement and behaviour, informing both environmental planning and technical design.

Scoping Study Highlights Technical Viability

GTI engaged BRS Engineering, a Wyoming-based group, to undertake a comprehensive Scoping Study in line with the JORC Code (2012). The study assessed multiple mining development options, including the setup of a central processing plant (CPP) and the feasibility of a satellite mining model. Components such as wellfield layout, processing techniques, site selection, and operational costs were included in the evaluation process.

The findings established a foundational framework for a viable ISR uranium operation at Lo Herma, while noting that the inferred classification of the resource limits public disclosure of production estimates and financial projections under ASX listing regulations.

Uranium Sector Developments and Global Demand Drivers

The uranium market has experienced renewed interest amid expanding nuclear energy infrastructure. As countries seek alternatives to fossil fuels and aim for carbon neutrality, uranium’s role in base-load power production has drawn increased attention. The Australian Government’s Department of Industry, Science and Resources noted a rise in uranium consumption, aligning with ongoing reactor construction across regions such as Asia.

Current construction activity includes multiple reactors in China and India, supporting future uranium demand. Lo Herma’s location and ISR extraction approach position it within this evolving sector landscape. GTI has reiterated its commitment to expanding the project, supported by positive indications from the Scoping Study and the broader nuclear industry trajectory.

Infrastructure and Compliance Progress at Lo Herma

Infrastructure at Lo Herma continues to progress, with the existing ISR plant in place and a satellite processing facility under construction. These components are aligned with the development model outlined in GTI’s study and serve as key assets in operational planning.

The company has emphasised its proactive approach to working with regulatory agencies and adhering to environmental standards. Its established presence in the Southern Powder River Basin reinforces the momentum behind ongoing workstreams and forward planning. GTI Energy (ASX:GTR) remains engaged in expanding its geological footprint in line with its broader resource development strategy.