Henry Mountains Project Utah

 High Grade Uranium & Vanadium Properties in Utah, USA

Henry Mountains Project Utah

The Jeffrey, Rats Nest and Moki projects are part of the Company’s ~1,500 hectares of land holdings in the Henry Mountains region of Utah, within Garfield and Wayne Counties. 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)2.

The region benefits from well‐established infrastructure and a mature mining industry. The White Mesa mill, the only conventional fully licensed and operational uranium/vanadium combination mill in the United States, is located within trucking distance of the Properties. The mill is owned and operated by Energy Fuels Inc. and is set up to process the sandstone hosted uranium & vanadium rich ores that have been mined in the region for many decades.

GTI is moving to rapidly advance its projects in Utah given the potential to supply high‐grade uranium ore to help fill existing local mill processing capacity. GTI is also actively looking for value accretive opportunities to expand its US project portfolio in this space.

GTI has secured a significant data package which has now been ground referenced and digitised and has confirmed the mineralised trend along the Jeffrey Project’s expanded1 contiguous tract covering 5.5km along the interpreted strike.

The acquired historical data package contains data for over 750 drill holes, representing a replication value at present‐day cost in excess of $10 million.

From this data, there are 362 drill holes located within the boundaries of the now expanded Jeffrey and Rats Nest project area, which includes data from 135 drill holes which intersected uranium mineralisation.

At the Moki Project, the Company now has data from 107 drill holes within the project area, which includes 42 drill holes which intersected uranium mineralisation. This data is of particular interest due to property’s position immediately east of the Tony M Mine owned by Energy Fuels Inc. which may indicate an extension of that mineralised trend that requires further exploration.

Location of historical drilling within the Moki Project and surrounding area

GTI’s Henry Mountains (Utah) claim group location map

Location of historical drilling supported by recent data acquisition, historical small‐scale mining & recent GTI exploration activity within interpreted trend of mineralisation at the extended Jeffrey project.

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GTI Resources Ltd

Level 1
89 St Georges Terrace,
Perth, WA 6000

PO Box Z5187
Perth WA 6831

+61 (0) 8 9226 2011

info@gtiresources.com.au

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