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An update from GTI Resources Ltd ( (AU:GTR) ) is now available.
GTI Energy Ltd has announced the results of a Scoping Study for its Lo Herma Uranium Project in Wyoming, indicating the potential for a low-cost ISR uranium operation. The study suggests a production target of 800,000 lbs of U3O8 per annum over seven years, but highlights the preliminary nature of the findings, which are based on low accuracy technical and economic assessments. The company acknowledges the need for further exploration and evaluation to establish ore reserves and ensure economic viability. The study’s outcomes could impact GTI Energy’s operational strategy and market positioning, although uncertainties remain regarding funding and resource conversion.
More about GTI Resources Ltd
GTI Energy Ltd is a company operating in the energy sector, focusing on uranium projects. Its primary market focus is on the development of uranium resources, particularly through in-situ recovery (ISR) mining operations, with a significant project located in Wyoming, USA.
Technical Sentiment Signal: Sell
Current Market Cap: A$12M
For detailed information about GTR stock, go to TipRanks’ Stock Analysis page.