GTI Energy Charts Growth Path for Lo Herma Uranium Project with New Drilling Plans

Scoping Study Validates Lo Herma’s Potential

GTI Energy Limited (ASX, GTR) has taken a significant step forward in advancing its flagship Lo Herma uranium project in Wyoming’s Southern Powder River Basin. The company’s recently completed scoping study, conducted by BRS Engineering Inc., a respected Wyoming-based engineering firm, has delivered encouraging results that underscore the project’s potential viability. The study evaluated an alkaline in situ recovery (ISR) mining approach, including wellfield layouts and a central processing plant, and found that the project could operate with relatively low capital and operating expenditures.

While the resource remains predominantly in the inferred category, limiting GTI’s ability to release detailed production or financial forecasts under ASX rules, the study nonetheless paints a promising picture. It suggests a short payback period and attractive net present value (NPV) and internal rate of return (IRR) metrics, particularly in the context of uranium prices ranging from US$60 to US$90 per pound. This positive economic baseline has reinforced GTI’s commitment to further exploration and development.

Next Phase, Drilling to Upgrade and Expand Resources

Building on the scoping study’s momentum, GTI is preparing to amend its drilling permit with Wyoming’s Department of Environmental Quality to enable an expanded drilling program in the second half of 2025. This program will focus on infill drilling at the project’s Mine Units 1 and 2 to upgrade resource confidence from inferred to indicated categories, a crucial step for advancing towards feasibility and potential production.

Additionally, step-out drilling along northern exploration trends aims to grow the overall resource base, balancing near-term resource upgrades with longer-term expansion potential. The fieldwork will also include aquifer pump testing and collection of additional core samples to refine hydrogeological models and metallurgical understanding, supporting both environmental planning and operational design.

Strategic Positioning Amidst a Strengthening Uranium Market

GTI’s CEO Bruce Lane highlighted the broader market context, noting the strengthening US nuclear power sector and tightening uranium supply as key drivers underpinning the project’s investment case. The Lo Herma project’s low CAPEX and OPEX profile, combined with its strategic location in a mining-friendly jurisdiction, position it well to capitalise on rising uranium demand.

Beyond Lo Herma, GTI holds additional uranium assets in Wyoming’s Great Divide Basin and Green Mountain areas, as well as conventional uranium and vanadium projects in Utah’s Henry Mountains. These assets collectively offer further exploration upside and diversification within the company’s portfolio.

Looking Ahead

With the drilling permit amendment nearing submission and a clear plan for resource upgrade and expansion, GTI is poised to translate the scoping study’s promise into tangible resource growth. The coming months will be critical as the company seeks to enhance resource confidence and deliver data that could unlock the project’s full economic potential.