GTI Energy Eyes Resource Upgrade with New Drilling Program, Exec Says

“We're looking to drill in July, and we'll drill a larger program and look at upgrading the total amount of resource, but also bring some of the resource into the indicated category,” said Bruce Lane, executive director of GTI Energy.

GTI Energy (ASX:GTR) is gearing up for a new drilling program in July at its Lo Herma project, with the goal of a resource of upgrade and a potential prefeasibility study, according to Bruce Lane, the company’s executive director.

“We did a bit of drilling at the end of last year just to validate the historical data. And that was very successful and helped us to understand some of the opportunities and exploration both at depth and along trend,” he said.

Lane added that the company aims to upgrade the total resource at Lo Herma and hopes to bring some of the inferred resource into the indicated category; it also wants to advance to either a prefeasibility study or a preliminary economic assessment.

“We think there's an opportunity for investors to get involved (with GTI Energy) now because we believe that we will get a rerating over the course of the next months and years … we think we're in a good spot. And we think it's a good story,” he said.

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