Highlights

• Scoping Study positively demonstrates the potential viability of the Lo Herma Project
• Study results justify commitment to the next phase of exploration and development
• Fieldwork to focus on upgrading and expanding resources at Lo Herma whilst collecting additional core sample and hydrogeological data
• Fieldwork plan nearing finalisation for drilling during the second half of 2025

“Completion of the positive interim Scoping Study is a very important milestone for the Lo Herma project’s development. Whilst the Study did not meet the resource confidence level to allow us to publish the production targets and financial outcomes we are nevertheless very encouraged by the results, and we are confident that further drilling will deliver the necessary resource upgrades. GTI is in the final stages of planning further fieldwork to both upgrade and extend the Project’s resources. The Study has established positive baseline economics for the project, underpinning the investment case for further work to improve resource confidence levels and grow the project; especially in the context of a rapidly strengthening US nuclear power sector and tightening uranium supply.”