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Lo Herma is a significant land position with ~8,000 acres in Wyoming’s prolific Powder River Basin, ISR uranium district.
Lo Herma is located 10 miles from Cameco’s Smith Ranch-Highland ISR uranium plant (largest production site in Wyoming) & historical data shows strong economic potential.
GTI believes sufficient historical data may exist to report an inferred mineral resource for Lo Herma by June 30th, 2023, without further drilling.
Historical drilling data with an estimated replacement value of ~$15million[1] acquired for Lo Herma including drill logs for 1,445 drill holes (530,000 ft) representing 7 x the holes, & ~5 x the footage, drilled by GTI to date in Wyoming.
[1] Based on 530,000 feet of drilling at a current estimated “all in” drilling cost of US$20 p/foot & an exchange rate of A$0.70 per US$