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GTI Energy Advances Lo Herma ISR Uranium Project Following Positive Scoping Study

Strategic Insights

— 2 min read

GTI Energy's Lo Herma ISR Uranium Project in Wyoming's Southern Powder River Basin has taken a significant step forward with the completion of a scoping study demonstrating the project's viability. The study's findings suggest a financially attractive in-situ recovery (ISR) mining operation with an alkaline recovery process and central processing plant (CPP). GTI is now preparing to launch a comprehensive drilling program aimed at increasing resource confidence and expanding the project's footprint.

Key Takeaways:

  • The scoping study for the Lo Herma Project focused on evaluating the feasibility of a wellfield and processing plant, along with a satellite mining operation, and identified suitable wellfield layouts, a processing flowsheet, and a potential CPP site.
  • Estimated capital and operating costs suggest a financially attractive ISR operation with significant expansion potential.
  • The study did not meet the resource confidence level to allow the publication of production targets and financial outcomes, but GTI is confident that further drilling will deliver the necessary resource upgrades.
  • GTI is preparing to launch a comprehensive drilling program in the second half of 2025, with an expanded fieldwork program aimed at upgrading the current inferred resources and growing the project's total mineral resource.
  • The planned drilling will prioritize infill drilling at Mine Units 1 and 2 to help increase the confidence of the current resource, while step-out drilling along the northern trends will target resource expansion.
  • The company is gathering additional hydrogeological data, which will inform the project's environmental and operational planning, and will include aquifer pump testing to enhance the understanding of groundwater dynamics in the area.
  • GTI Energy's flagship asset, the Lo Herma Project, remains the company's most promising asset, but it also holds several other high-potential uranium projects in Wyoming, including properties in the Great Divide Basin and Green Mountain areas.

Statistics:

  • The scoping study found that the Lo Herma Project could support an ISR mining operation with an alkaline recovery process and central processing plant (CPP).
  • Estimated capital and operating costs suggest a financially attractive ISR operation with significant expansion potential.
  • As of December 2024, GTI's total mineral resources across Wyoming include 7.53 million tonnes, with 10.23 million pounds of contained U3O8.
  • The company's exploration targets in the region, based on historical data and recent drilling, suggest a total potential resource ranging between 12.14 million and 15.21 million tonnes.

Sources:

  • GTI Energy Ltd (2024)
  • BRS Engineering Inc. (scoping study not dated)
  • Bruce Lane, GTI Energy CEO and executive director (quote not dated)

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