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GTI Resources Ltd ( (AU:GTR) ) has issued an update.
GTI Energy Ltd has retracted its previous production targets and financial forecasts related to its Lo Herma Scoping Study after consultations with the ASX revealed insufficient basis for the forward-looking statements. The company advises investors not to base their decisions on these announcements and is planning a new drilling program to enhance the confidence level in its mineral resource estimates and expand the deposit.
More about GTI Resources Ltd
GTI Energy Ltd operates in the energy sector, focusing on uranium resources. The company is involved in exploring and developing low-cost uranium extraction methods, particularly through in-situ recovery (ISR) techniques.
Technical Sentiment Signal: Sell
Current Market Cap: A$12M
For an in-depth examination of GTR stock, go to TipRanks’ Stock Analysis page.