GTI Energy

GTI Activities Report, September Quarter 2024

GTI Energy Limited (ASX: GTR) (GTI or Company) is pleased to report its activities during the September quarter 2024.


  • Lo Herma resource drilling permit was approved for 57,000 ft (~17,000 m) of mud rotary drilling with 73 resource estimate development drill holes completed to date
  • Drilling targeted expansion and upgrade of the current Inferred Mineral Resource Estimate of 5.71 Mlbs eU3O8 at average 630ppm (Table 3)
  • Drilling has confirmed that uranium mineralisation continues north from the current mineral resource area with strong mineralised intercepts over good thicknesses encountered stretching at least 2km north along projected trends
  • Drilling has also confirmed deeper uranium mineralisation at elevated grades within the upper Fort Union Formation, presenting significant upside potential for Lo Herma
  • Notable mineralised intercepts and grade thickness’s (GT*) reported include:
    • 16.5 ft (5 m) @ 0.054% (540ppm) eU308 in drill hole LH-24-001 for total hole GT of 0.891
    • 14.5 ft (4.4 m) @ 0.0640% (640ppm) eU308 in drill hole LH-24-002 for total hole GT of 1.158
    • 6.0ft (1.8 m) @ 0.123% (1,230ppm) eU308 in hole LH-24-028 for total hole GT of 0.903
    • 11 ft (3.4 m) @ 0.054% (540ppm) & 6.5ft (2 m) @ 0.043% (430ppm) eU308 in hole LH-24- 063 for total hole GT of 0.874
    • 6.5 ft (2m) @ 0.074% (740ppm) eU308 in hole LH-24-069 for total hole GT of 1.092 over 23.5 ft (7.16m)
    • 3.5 ft (1m) @ 0.185% (1,850ppm) eU308 in hole LH-24-071 for total hole GT of 0.80
  • Lo Herma Mineral Resource Estimate & Exploration Target update on track for late Q4 2024
  • $2.25 million placement completed, and $2.155 million rights entitlements offered to all shareholders and optionholders
  • Green Mountain drilling permit conditions satisfied
  • GTI accepted as member of the Uranium Producers of America – peak US industry body

LO HERMA ISR URANIUM PROJECT

During the quarter the Company advised that all permits, bonds and access arrangements had been approved and put in place to commence 57,000 ft (~17,000m) of mud rotary drilling at the Lo Herma ISR uranium project in Wyoming’s Powder River Basin (PRB).

The Lo Herma ISR Uranium Project (Lo Herma) is located in Converse County, Powder River Basin (PRB), Wyoming (WY). The Project lies approximately 15 miles north of the town of Glenrock and within ~60 miles of five (5) permitted ISR uranium production facilities. Facilities include UEC’s Willow Creek (Irigaray & Christensen Ranch) & Reno Creek ISR plants, Cameco’s Smith Ranch-Highland ISR facilities & Energy Fuels Nichols Ranch ISR plant. The PRB has extensive ISR production history with numerous ISR uranium resources, central processing plants (CPP) & satellite deposits (Figure 1).

The 2024 drilling program permit at Lo Herma comprised up to 76 drill hole locations including up to 5 hydrogeologic and groundwater monitoring wells. This exploration drilling is focused on expanding the resource areas and where possible, upgrading the current mineral resource classification. Collection of important data including, hydrogeologic parameters of the mineralised aquifers and collection of rock core samples for metallurgical testing will be also prioritised.


Click here for the full ASX Release

This article includes content from GTI Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

GTR:AU
American Uranium

American Uranium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
American Uranium

American Uranium

Disrupting the uranium supply chain through highly prospective ISR projects in Wyoming

Disrupting the uranium supply chain through highly prospective ISR projects in Wyoming Keep Reading...
Snow Lake Completes Due Diligence and Confirms Placement

Snow Lake Completes Due Diligence and Confirms Placement

GTI Energy (GTR:AU) has announced Snow Lake Completes Due Diligence and Confirms PlacementDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

GTI Energy (GTR:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Lo Herma Drilling Permit & Contract Confirmed

Lo Herma Drilling Permit & Contract Confirmed

GTI Energy (GTR:AU) has announced Lo Herma Drilling Permit & Contract ConfirmedDownload the PDF here. Keep Reading...
Company Update - Name Change to 'American Uranium Limited'

Company Update - Name Change to 'American Uranium Limited'

GTI Energy (GTR:AU) has announced Company Update - Name Change to 'American Uranium Limited'Download the PDF here. Keep Reading...
Placement Shares Issued & Drilling Approval Expected August

Placement Shares Issued & Drilling Approval Expected August

GTI Energy (GTR:AU) has announced Placement Shares Issued & Drilling Approval Expected AugustDownload the PDF here. Keep Reading...
Queensland Uranium and Rare Earth Acquisition Completed

Queensland Uranium and Rare Earth Acquisition Completed

Basin Energy (BSN:AU) has announced Queensland Uranium and Rare Earth Acquisition CompletedDownload the PDF here. Keep Reading...
North Shore Uranium (TSXV:NSU)

North Shore Makes Final Option Payment And Completes Earn-In For West Bear Property

North Shore Uranium Ltd. (TSXV:NSU) ("North Shore" or the "Company") is pleased to announce that it has met its final earn-in obligation for the West Bear property ("West Bear")under an option agreement dated April 18, 2022 (as amended, the "West Bear Option Agreement") with Gem Oil Inc. ("Gem... Keep Reading...
Significant Mineralisation Confirmed in Sweden

Significant Mineralisation Confirmed in Sweden

Basin Energy (BSN:AU) has announced Significant Mineralisation Confirmed In SwedenDownload the PDF here. Keep Reading...
Nuclear plant cooling towers with overlaid stock market graphs at sunset.

Uranium Price Update: Q3 2025 in Review

The uranium space is currently navigating a complex mix of optimism and structural pressures as investors increasingly look to the sector and major miners reduce their guidance. After sinking to a US$63.25 per pound on March 7 — the lowest point since September 2023 — the U3O8 spot price... Keep Reading...
Drill Rig Mobilised at Lo Herma ISR Uranium Project

Drill Rig Mobilised at Lo Herma ISR Uranium Project

American Uranium (AMU:AU) has announced Drill Rig Mobilised at Lo Herma ISR Uranium ProjectDownload the PDF here. Keep Reading...
Stock market display with "Mergers and Acquisitions" in white amid red and green numbers.

IsoEnergy Expands Into Australia with Toro Energy Takeover

IsoEnergy (TSX:ISO,NYSE American:ISOU) is set to acquire Australia’s Toro Energy (ASX:TOE,OTC Pink:TOEYF) in an all-share deal that will consolidate two uranium developers into a single diversified platform as global nuclear demand surges and uranium prices continue to strengthen.The merger... Keep Reading...
American Uranium

American Uranium Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News