GT1 was anticipating releasing it in Q1 this year but that didn't happen and while a specific date hasn't been given, it should be close.
On 31 March the Root Bay update noted that it will occur after the Maiden McCombe MRE and the Seymour MRE update. The McCombe release was on 19 April but the Seymour MRE update hasn't been released yet.
The 8 May investor presentation had a graphic pointing towards the PEA being around the middle of 2023.
The off-take / A$20m placement notice of 19 May with LG noted:
So there should be 3 announcements in the next couple of weeks: The Seymour MRE update, the PEA and also the last 15 holes from Root Bay. GT1 may also be trying to finalise its FN agreement for the development at Seymour before releasing the PEA around what this development looks like. This would avoid the situation of releasing a proposal that FN considers should be done a different way.
GT1 Price at posting:
71.5¢ Sentiment: Buy Disclosure: Held
