Maiden JORC resource defined - next resource coming this quarter

Our U.S. uranium Investment GTI Energy (ASX: GTR) now has its first resource estimate.

GTR has four uranium exploration projects in the US — three in Wyoming and one in Utah.

Leading up to today GTR’s plan for the first half of this year was to have two uranium JORC resources defined across two of its Wyoming projects.

Today GTR put out the first of those two estimates.

• Great Divide Basin project ✅ - Inferred JORC resource of 1.32mt at 570ppm uranium for 1.66m lbs of uranium metal.
• Lo Herma project 🔄 - GTR put out an exploration target of 8m to 13.9m lbs of uranium. A maiden JORC resource is expected here by the end of June this year.

For some context on GTR’s resource, the resource is based on drilling data on just ~20% of the total project area across its Great Divide Basin & Green Mountain project ground. This means there is still plenty of exploration upside across this ground.

The image below shows the small footprint of the resource relative to the company’s ground in the area:

The ultimate aim for GTR is to define a 10M lb ISR uranium resource across this part of its project portfolio.

As for its Lo Herma project, GTR confirmed that it had staked an additional ~4,000 acres of ground recently and also delivered a maiden JORC exploration target of between 8 mlb and 13.9mlbs.

GTR expects to have a maiden JORC resource at this project by the end of june WITHOUT any further drilling.

Ultimately, GTR is targeting ~20M lbs of ISR amenable uranium across both its Great Divide Basin and Lo Herma projects.