GTI Energy’s Lo Herma Project Shows Potential for Low-Cost Uranium Production

GTI Resources Ltd ( (AU:GTR) ) has provided an update.

GTI Energy Ltd has released a Scoping Study for its Lo Herma Uranium Project in Wyoming, indicating the potential for a low-cost ISR uranium operation. The study, conducted by BRS Engineering Inc., suggests a production target of 800,000 lb U3O8 per annum over seven years. However, the study is preliminary, with a low accuracy level and no assurance of economic viability or conversion to Ore Reserves. Approximately 32% of the resources are indicated, and 68% are inferred, highlighting the need for further exploration and evaluation to confirm the project’s feasibility.

More about GTI Resources Ltd

GTI Energy Ltd is a company operating in the energy sector, focusing on uranium projects. It is involved in the exploration and potential development of uranium resources, with a market focus on low-cost in-situ recovery (ISR) uranium operations, particularly in Wyoming, USA.

Technical Sentiment Signal: Sell

Current Market Cap: A$12M

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