GTI Resources - GTR(ASX) News & Expert Insights from Stockhead

GTI Resources is a uniquely positioned company with a focus on Uranium and Gold with three key projects.

Wyoming ISR Uranium

On 03 November 2021 GTI completed the acquisition of ~22,000 acres (~8,900 hectares) across several groups of strategically located and underexplored mineral lode claims (Claims) and 2 state leases (Leases), prospective for sandstone hosted uranium, located in the Great Divide Basin (GDB), Wyoming, USA & the Uravan Belt, Colorado, USA (Properties). The Wyoming Properties are located close to UR Energy’s (URE) Lost Creek ISR Facility & Rio Tinto’s (RIO) Sweetwater/Kennecott Mill & the GDB roll front REDOX boundary.

Henry Mountains Uranium & Vanadium Projects, Utah, USA

The Company has also holds ~1,500 hectares of land in the Henry Mountains region of Utah, within Garfield & Wayne Counties. Exploration is currently focused on approximately 5kms of mineralised trend that extends between the Rat Nest & Jeffrey claim groups & includes the Section 36 state lease block. Uranium & vanadium mineralisation in this location is generally shallow at 20-30m average depth. The region forms part of the prolific Colorado Plateau uranium province which historically provided the most important uranium resources in the USA. Sandstone hosted ores have been mined in the region since 1904 and the mining region has historically produced in excess of 17.5Mt @ 2,400ppm U₃O₈ (92 mlbs U₃O₈) and 12,500 ppm V₂O₅ (482 mlbs V₂O₅).

Niagara (Kookynie) Gold Project

The Niagara project is located ~6km southwest of Kookynie in the central goldfields of WA. The project comprises one granted exploration licence, E40/342 and six contiguous prospecting licence applications including existing applications. Access to the project is provided via Goldfields Highway from the town of Menzies and the sealed Kookynie Road which bisects the northern part of exploration licence E40/342 and the southern part of P40/1506.

KEY PEOPLE

Bruce Lane | Executive Director

Mr Lane has significant experience in ASX listed and large industrial companies. Mr Lane has held management positions in a number of global blue chip companies as well as resource companies and start ups in New Zealand, Europe and Australia.

Mr Lane holds a masters degree from London Business School and is a graduate member of the Australian Institute Of Company Directors.

Nathan Lude | Non-Executive Chairman

Mr Lude has broad experience working in the asset and fund management, mining and the energy industry. Mr Lude is the founding Director of corporate advisory firm Advantage Management and has previously held directorships with ASX listed mining companies.

Currently Executive Director of ASX listed Ansila Energy NL (ASX:ANA). Mr Lude has grown a large business network across Australia and Asia and has strong ties with Australian broking firms, institutions and Asian investors.

Petar Tomasevic | Non-Executive Director

Mr Tomasevic is the managing director of Vert Capital Pty Ltd, a financial services company specialising in mineral acquisition and asset implementation. He has worked with a number of ASX listed companies in marketing and investor relations roles. Mr Tomasevic is fluent in 5 languages and is currently appointed as a French and Balkans language specialist to assist in project evaluation for ASX listed junior explorers.