AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Completion of fieldwork and engineering studies at Lo Herma.
- Scoping Study on track for Q2 2025 delivery.
- GTI Energy explores expansion and further resource development.
GTI Energy Ltd (ASX:GTR) has successfully completed essential fieldwork at its Lo Herma Uranium Project located in Wyoming's Southern Powder River Basin. This completion sets the stage for the eagerly anticipated Scoping Study, slated for release in the second quarter of 2025.
The recently concluded fieldwork encompassed a comprehensive suite of studies critical for the interim Scoping Study. Among these were conceptual designs and cost evaluations for the mine's wellfield layouts, construction, and the engineering of the uranium processing plant. This phase builds on the positive results of hydrogeological and metallurgical testwork, specifically alkaline leach processes, which were previously announced in February.
Bruce Lane, Executive Director at GTI Energy, expressed his satisfaction with the progress, noting, "The completion of wellfield planning and process engineering studies, alongside their costing, places GTI in a strong position to deliver the Scoping Study and establish a solid economic foundation for the Lo Herma project."
In the next phase, BRS Engineering Inc., tasked as the study manager, will integrate these findings into a comprehensive financial model and a final report. This upcoming Scoping Study will explore various developmental scenarios for the project, including considerations for either a Central Processing Plant (CPP) or a satellite production facility. This strategic assessment aims to optimize the project's economic and operational efficiency.
Simultaneously, GTI Energy is preparing to amend its existing Drilling Notification Permit. This amendment will enable further exploration of defined Exploration Targets with the goal of expanding the mineral resource base and enhancing the project's development potential.
Lo Herma stands out as GTI Energy’s flagship project, reflecting the company’s focus on uranium. In addition to Lo Herma, GTI holds significant interests in other promising locations within Wyoming, such as the Great Divide Basin and Green Mountain areas. These sites are drill-permitted and hold potential for both uranium and vanadium production. The company also owns conventional uranium and vanadium assets in Utah’s Henry Mountains, highlighting its diversified asset portfolio in strategic mineral sectors.
This advancement marks a pivotal development for GTI Energy as it continues to solidify its position in the uranium industry, underlining its commitment to contributing to the energy sector's broader needs while enhancing shareholder value.
