Interview with Bruce Lane, Executive Director of GTI Energy Ltd.

Recording date: 13th November 2023

GTI Energy (ASX:GTR) is an Australian uranium exploration and development company focused on In-Situ Recovery (ISR) projects in Wyoming, USA. The company's flagship project is the Lo Herma project in the Powder River Basin, Wyoming.

GTI Energy has an inferred resource of 5.7 million pounds of U3O8 at an average grade of 630 ppm at Power River Basin and Great Divide assets. The company was able to digitize historic drillings by previous operators into a modern database which provides a strong foundation of data on the project. GTI sees the grades and scale as potentially commercial based on analogs in the region. The company is now permitted and set to commence its own drilling program imminently, with objectives including verifying historic data, testing mineralization trends, and expanding at depth into the Fort Union Formation.

The Powder River Basin has a long history of ISR uranium production and GTI sees a clear permitting pathway. The Executive Director notes the industry tends to collaborate in Wyoming and sees potential for consolidation or partnerships with existing producers as a possible end game. Near term, GTI aims to advance Lo Herma to support a preliminary economic assessment.

The current uranium market presents an attractive environment. GTI is focused on demonstrating it can execute and deliver results in a prudent, stepwise fashion to build value in its projects. The extensive historic data provides a degree of legitimacy and confidence in the potential of its Wyoming uranium assets.

View GTI Energy's company profile: https://www.cruxinvestor.com/companies/gti-energy

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