GTI Energy (ASX:GTR) remains on track to deliver a resource update in the early part of December as it seeks to deliver the Scoping Study for its flagship Lo Herma ISR Uranium Project in the US during the first part of 2025.
Talking to Mining.com.au from the Global Uranium Conference 2024 in Adelaide, Executive Director Bruce Lane discusses the timing around delivering the Scoping Study and outlines how data centres are expressing interest in using nuclear power – a topic widely discussed at the event.
GTI Energy has entered the final phase of its 2024 campaign to drill and construct three hydrogeologic and water monitoring wells at Lo Herma.
Following completion of the work, the uranium explorer will be in a position by year-end to update the mineral resource estimate (MRE) and exploration target for the project, located in Converse County, Powder River Basin, Wyoming.
“We’ve got three holes left to do, our hydrology, water monitoring holes, and we’ll look to complete those in the next few weeks. We’re just waiting for confirmation with the timing of the rig to come back. But that won’t affect our ability to deliver a resource update in the early part of December,” Lane tells Mining.com.au.
“And then that resource update will obviously inform our decision to then move to a Scoping Study. So if all goes well, we’ll kick off our Scoping Study at the back end this year and hopefully deliver it during the first part of next year.”
GTI Energy’s in-situ recovery (ISR) uranium project has so far delivered inferred resources of 5.71 million pounds U₃O₈ lies within 100 miles of seven permitted ISR uranium production facilities.
Lane says its Wyoming uranium strategy positions the company to define uranium resources that can potentially be developed cheaper, faster, and with lower environmental impact than many hard rock mining projects.
Write to Adam Orlando at Mining.com.au
Images: GTI Energy
