Lo Herma Drilling Permit & Contract Confirmed
| Stock | Gti Energy Ltd (GTR.ASX) |
|---|---|
| Release Time | 24 Jul 2025, 8:58 a.m. |
| Price Sensitive | Yes |
Lo Herma Drilling Permit & Contract Confirmed
- Drilling permit approved by BLM; final Wyoming state approval expected August 2025
- Top-tier Wyoming drilling services providers contracted with mobilisation due September 2025
- Drilling aimed at growing Mineral Resource Estimate (MRE) and upgrading Inferred resources
GTI Energy Ltd (ASX:GTR) is extremely pleased to advise that it has received Bureau of Land Management (BLM) approval and contracted its preferred Wyoming based exploration drilling contractors, Single Water Services LLC and Hawkins CBM Logging Inc. for its 2025 drill program at Lo Herma. The planned 2025 drilling program at Lo Herma includes a permit application for up to 121 drill hole locations with up to 37,500 metres of drilling. The primary goals include step-out drilling to target resource expansion to the north of both proposed Mine Units 1 and 2, where there is potential to increase the Project's overall resource base. Additionally, infill drilling is planned to upgrade current Inferred Mineral Resources to Indicated or Measured category within Mine Units 1 and 2, thereby increasing resource confidence. The program also includes provision for the installation of additional groundwater observation wells and diamond drilling to collect further mineralized core samples for metallurgical testing. The successful execution of this field program is expected to provide critical data to support updating and optimising the resource models and further define key operational parameters, which will play a pivotal role in advancing the Lo Herma project towards production. GTI also holds high-potential, drill-permitted projects in Wyoming's Great Divide Basin and Green Mountain area, as well as brownfield conventional uranium/vanadium assets in Utah's Henry Mountains.
The drilling campaign is expected to progress efficiently, with all major objectives projected to be completed by the end of 2025. The outcomes are expected to allow the Company to update the current Mineral Resource Estimate and Scoping Study to demonstrate the economic potential of the Lo Herma project.