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GTI Resources Ltd ( (AU:AMU) ) has provided an announcement.
American Uranium Limited has confirmed the commencement of phase one of its resource development drilling program at the Lo Herma Project, scheduled for the week commencing 20 October 2025. This phase will focus on expanding the resource base by targeting northern extensions of known trends and conducting hydrogeological testing. The drilling aims to increase the current mineral resource estimate and contribute to an updated estimate and revised scoping study in 2026, enhancing the company’s positioning in the nuclear energy sector.
More about GTI Resources Ltd
American Uranium Limited (ASX:AMU) is a company involved in the uranium mining industry, focusing on in-situ recovery (ISR) projects in the United States. Its flagship project, Lo Herma, is part of America’s nuclear and uranium mining revival efforts.
Average Trading Volume: 512,878
Technical Sentiment Signal: Sell
Current Market Cap: A$25.17M
For an in-depth examination of AMU stock, go to TipRanks’ Overview page.