Highlights

• Positive uranium leach test results at the Lo Herma ISR Uranium Project Lo Herma mineralisation amenable to alkaline in-situ leach (ISR) process demonstrating uranium recoveries consistent with nearby Southern Powder River Basin Wyoming ISR production projects
• Groundwater monitoring wells drilled and completed; all demonstrating sufficient submergence of Lo Herma mineralisation within the local groundwater system to support ISR mining
• Scoping Study fieldwork & testing completed, study on track for Q2 2025

“During the quarter, the Company made good progress towards preparing a Scoping Study for the Lo Herma ISR uranium project in Wyoming’s Southern Powder River Basin. We completed the field work program and received positive results from both agitation leach studies and hydrogeological testing. The studies revealed that mineralisation at Lo Herma responded well and is amenable to the alkaline in-situ recovery (ISR) process, consistent with other ISR projects in the Southern Powder River Basin. We have completed the required well field and process design and costing work, which keeps us on track to deliver the Scoping Study during Q2 of 2025”

Bruce Lane, Executive Director, GTi Energy