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GTI Resources Ltd ( (AU:GTR) ) just unveiled an update.
GTI Energy Ltd has commenced drilling groundwater monitoring wells at the Lo Herma ISR Uranium Project to facilitate aquifer testing, crucial for determining the suitability of ISR mining. The company is progressing with a Scoping Study, expected to complete in the first half of 2025, supported by metallurgical and ore leachability tests whose results are anticipated by February. The project, which recently saw a significant increase in its uranium resource estimate, aims to strengthen GTI’s position in the uranium market, leveraging the historical production capabilities of Wyoming’s Powder River Basin.
More about GTI Resources Ltd
GTI Energy Ltd operates in the uranium mining industry, focusing on in-situ recovery (ISR) mining methods. Their primary project is the Lo Herma ISR Uranium Project located in Wyoming’s Powder River Basin, with a market focus on increasing uranium resources and developing them in accordance with industry standards.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$10.37M
See more data about GTR stock on TipRanks’ Stock Analysis page.
