GTI Energy Limited

This is an executive summary on Australia-based mining company GTI Energy Limited from Executive Director Bruce Lane, who will run you through GTI Energy’s slide deck.

Highlights:

• GTI Energy Ltd (ASX:GTR) will hold its Annual General Meeting (AGM) on Thursday, 11 May 2023 at 9.30am (WST) at 104 Colin Street, West Perth, WA 6005.
• Shareholders can view and download the Notice of Meeting from the Company’s website or from the ASX market announcements page under the code “GTR”. Paper copies will not be dispatched unless requested by the shareholder.
• Shareholders can vote in person, by proxy, or by appointing an authorized representative. Proxy voting instructions must be received by 9:30am (WST) on 9 May 2023, and all resolutions will be voted on by poll. Shareholders are encouraged to read the Notice of Meeting in its entirety and consult professional advisers if needed

Highlights:

• Inferred Mineral Resource of 1.66 Mlbs U3O8 for Great Divide Basin Prospects
• Initial Exploration Target range estimated at Great Divide Basin Prospects
• 200 additional claims (~4,000 acres) staked at Lo Herma to cover additional areas of trends and historical drilling – increasing the total project footprint to ~12,000 acres
• Initial Exploration Target range estimated at Lo Herma Project (Powder River Basin)
• 1,445 historical drill logs from Lo Herma have now been scanned and are currently being digitised prior to resource modelling and verification
• Lo Herma JORC resource report on track for end of Q2

Highlights:

• GTI Energy Ltd has established a Share Sale Facility for Unmarketable Parcels of shares.
• Shareholders with 50,000 or less shares, with a market value of less than A$500, can participate.
• Shareholders have the option to opt-out by returning the Share Retention Form by 10 May 2023, or their shares will be sold automatically.

Highlights:

• Historical drilling data with an estimated replacement value of ~$15million 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
• Drill logs acquired demonstrate sandstone hosted uranium mineralisation with economic potential in the Powder River Basin’s productive Fort Union formation
• GTI believes sufficient historical data may exist to report an inferred mineral resource for Lo Herma by the end of Q2, without further drilling
• Lo Herma is a significant land position with ~8,000 acres in Wyoming’s prolific Powder River Basin, ISR uranium district
• Project is located 10 miles from Cameco’s Smith Ranch-Highland ISR uranium plant (largest production site in Wyoming) & within 100 miles of Peninsula Energy (PEN) & Ur-Energy (URE) who both plan to be back in production by April 2023
• 5 permitted ISR uranium production facilities & several satellite uranium deposits are located within ~50 miles of Lo Herma
• Commitments received for a $2.3m placement to fund Lo Herma’s development

Highlights:

• Significant mineral claims secured via staking of ~8,000 acres in Wyoming’s prolific Powder River Basin, ISR uranium district
• Claims located within 10 miles of Cameco’s Smith Ranch-Highland ISR uranium production plant – the largest production site in Wyoming
• Located in proximity to 5 permitted ISR uranium production facilities & several satellite uranium deposits, all within ~50 miles
• Cameco’s president and CEO said demand for nuclear power is driving the “best fundamentals ever seen” for the nuclear fuel market

Highlights:

• Extensive airborne geophysical survey to commence in April 2023 at the Green Mountain Uranium Projects in Wyoming
• Recent analysis of historical drilling and follow-up ground reconnaissance confirms the presence of uranium mineralisation located in the Battle Springs formation which is known to host ISR amenable mineralisation
• The survey is designed to advance and prioritise high priority exploration targets
• Drilling of high priority targets at Green Mountain scheduled for the 2nd half of 2023
• GTI is on track to deliver a maiden Mineral Resource Estimate for its Great Divide Basin project by the end of Q1 2023