Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

American Uranium LimitedLo Herma Resource Expansion Drilling Approved

by admin September 26, 2025
September 26, 2025
American Uranium LimitedLo Herma Resource Expansion Drilling Approved

Perth, Australia (ABN Newswire) – American Uranium Limited (ASX:AMU,OTC:GTRIF) (OTCMKTS:GTRIF) is pleased to advise that The State of Wyoming’s Land Quality Division (LQD) has now approved AMU’s resource development drilling program. The first phase of drilling is expected to commence during the coming quarter with further details the timing of the drilling and hydrogeolical testing to be provided in due course.

Highlights

– Lo Herma resource expansion and infill drilling campaign approval received

– Phase one drilling to focus on resource expansion and is expected to start Q4 2025

AMU CEO and Executive Director Bruce Lane commented:

‘We are delighted that our upcoming resource expansion drilling program at Lo Herma is now approved to proceed. The first phase of the program will target expansion of the resource base with a focus on extensions of the known trends to the north of planned mine units one and two. The program is targeting an increase of the current 8.57Mlbs (32% indicated) eU3O8Mineral Resource Estimate by converting Exploration Target Range mineralisation for Lo Herma which currently stands at 5.6 to 7.1 million tonnes at a grade range of 500 ppm to 700 ppm eU3O8. This work is expected to feed into an updated Mineral Resource Estimate and Scoping Study in 2026 positioning us to deliver value from America’s nuclear energy revival.’

The potential quantity and grade of the exploration target is conceptual in nature, there has been insufficient exploration to determine a mineral resource and there is no certainty that further exploration work will result in the determination of mineral resources.

Lo Herma Resource Development Drilling

As previously advised on 18 September 2025, AMU’s drilling permit is for up to 121 drill hole locations with up to 37,500 metres (approximately 123,000 feet) of drilling.

The drilling is designed to achieve multiple objectives critical to advancing the Lo Herma Project. The primary goals include an initial phase of step-out drilling to target resource expansion to the north of both proposed MU1 and MU2, (Figure 1) where there is potential to increase the Project’s overall resource base. A second phase of infill drilling is planned to upgrade Inferred Mineral Resources to Indicated or Measured category within MU1 and MU2, thereby increasing resource confidence.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/D19Q15DL

About American Uranium Limited:

Lo Herma is American Uranium Limited’s (ASX:AMU,OTC:GTRIF) (OTCMKTS:GTRIF) flagship and most advanced ISR uranium development project, leading our project portfolio and strong presence in Wyoming’s Powder River Basin. Whilst Lo Herma is AMU’s first priority, we also hold significant projects in Wyoming’s Great Divide Basin/Green Mountain district and Utah’s Henry Mountains with each offering potential for further growth across proven uranium districts. Located in Wyoming’s premier uranium basin, the 13,500-acre Lo Herma project hosts a JORC compliant resource of 8.57 Mlb U3O8 with substantial growth potential. A recent positive Interim Scoping Study confirms low-cost development potential with drilling ready to expand and upgrade the resource. Surrounded by major ISR producers and backed by strategic investors, Lo Herma is well positioned to support America’s future uranium supply independence.

Source:
American Uranium Limited

Contact:
Jane Morgan
Investor and Media Relations Manager
jm@janemorganmanagement.com.au

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
AERO ENERGY AND FORTUNE BAY ANNOUNCE COMMENCEMENT OF DRILLING AT THE MURMAC URANIUM PROJECT
next post
S&P 500 Breaking Out Again: What This Means for Your Portfolio

Related Posts

What are Dividend Stocks?

January 17, 2025

Baselode and Ya’thi Nene Lands and Resources Sign...

December 21, 2023

Market Pain, Strategic Gain: Pilbara Minerals’ Dale Henderson...

June 28, 2025

Steppe Gold Eyes Phase 2 Operations at ATO...

November 8, 2023

Gold Price Update: Q3 2023 in Review

October 16, 2023

PROPOSED NOMINATIONS TO STRENGTHEN WESTERN COPPER AND GOLD’s...

May 16, 2024

Bitcoin: A Brief Price History of the First...

March 1, 2024

Alma Gold Provides Corporate Update

September 19, 2023

Finlay Minerals Announces Non-Brokered Private Placement of Flow-Through...

October 6, 2025

Trailbreaker Resources Receives Exploration Permit for Swan Target...

May 7, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Presenting on Emerging Growth Conference 87 Day 2 on October 23; Register to live stream

    • CHARBONE annonce la reception des principales composantes sur le site de Sorel-Tracy et le lancement des travaux civils

    • CHARBONE Announces the Reception of the Main Components at the Sorel-Tracy Site and the Launch of Civil Works

    • Allied Critical Metals Drills 10.0 Metres of 1.11% Tungstenat Borralha

    • Canadian Investment Regulatory Organization Trade Resumption – WHY

    Categories

    • Business (1,401)
    • Investing (3,057)
    • Politics (3,699)
    • Stocks (1,827)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved