Laramide Announces an Increase in Mineral Resource Estimate for Westmoreland Uranium Project
Original announcement by tmx on
- Company
- Laramide Resources Ltd.
- Ticker
- LAM
- Exchange
- TSX
- Region
- Queensland, Australia
- Primary commodity
- Uranium
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-09-18 07:15:14 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Laramide Resources has announced an updated Mineral Resource Estimate for its Westmoreland Uranium Project in Queensland, Australia, showing a 34% increase in Indicated resources to 48.1 MLbs U3O8 and an 11% increase in Inferred resources to 17.7 MLbs U3O8. The update includes a new resource for the Long Pocket deposit and classifies 70% of the total resource as Indicated. While contained metal has grown significantly, the average grade has declined, and the project faces regulatory hurdles as uranium mining is currently not permitted in Queensland.
Reasoning: The updated Mineral Resource Estimate for the Westmoreland Uranium Project shows a substantial increase in contained uranium metal, particularly in the higher-confidence Indicated category, and includes a new deposit. However, the overall grade has declined, suggesting dilutive growth, and the project faces permitting challenges in Queensland.
Positive factors
- Significant increase in total contained uranium metal (34% Indicated, 11% Inferred)
- High proportion of Indicated resources (73.1% of total)
- Inclusion of a new deposit (Long Pocket) in the resource estimate
- Dual reporting standards (NI 43-101 and JORC) and QP sign-off
- Clear path for future exploration and resource growth identified
Negative factors
- Overall grade decline in both Indicated (-13%) and Inferred (-15%) categories, indicating dilutive growth
- Uranium mining is currently not permitted in Queensland, posing a permitting risk
- Inferred resources still constitute a material portion (30%) of the total resource
Facts used in scoring: 18
Classification and evidence
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A current resource fact retains the disclosed cut-off grade
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The source explicitly discloses a revised resource estimate
Evidence · text
“updated Mineral Resource Estimate”
Extracted facts
Stored fact records: 18. Some facts used in scoring do not have a stored record.
Resource Estimates (18)
indicatedWestmoreland · uraniumTonnes: 14000000Grade: 880Grade Unit: ppmContained Metal: 27Contained Unit: mlbs.View all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:ea061f6707df73e58e2f
- Deposit or zone
- Redtree
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 14000000
- Grade
- 880
- Grade Unit
- ppm
- Contained Metal
- 27
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
- Prior Tonnes
- 12900000
- Prior Grade
- 900
- Prior Contained Metal
- 25.5
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: The Redtree deposit shows a moderate increase in contained metal in the Indicated category, despite a slight grade decrease, maintaining its status as a significant component of the overall resource.
Positive factors
- Increase in contained metal (6%)
- High confidence category (Indicated)
- Open pit mining method
Negative factors
- Grade decline (-2%)
Evidence · table
“14,000,000”
Context: Redtree
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 27 against 25.5 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedWestmoreland · uraniumTonnes: 2500000Grade: 890Grade Unit: ppmContained Metal: 4.9Contained Unit: mlbs.View all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:55ba32623ce9d12f2eda
- Deposit or zone
- Huarabagoo
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 2500000
- Grade
- 890
- Grade Unit
- ppm
- Contained Metal
- 4.9
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
- Prior Tonnes
- 1460000
- Prior Grade
- 830
- Prior Contained Metal
- 2.7
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: The Huarabagoo deposit shows strong growth in both tonnage and contained metal in the Indicated category, with an improved grade, indicating a material positive update.
Positive factors
- Significant increase in contained metal (81%)
- Significant increase in tonnage (71%)
- Grade improvement (7%)
- High confidence category (Indicated)
- Open pit mining method
Evidence · table
“2,500,000”
Context: Huarabagoo
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 2500000 against 1460000 previously
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: 890 against 830 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 4.9 against 2.7 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedWestmoreland · uraniumTonnes: 10000000Grade: 640Grade Unit: ppmContained Metal: 15Contained Unit: mlbs.View all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:6c3440df860e2a2a014c
- Deposit or zone
- Junnagunna
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10000000
- Grade
- 640
- Grade Unit
- ppm
- Contained Metal
- 15
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
- Prior Tonnes
- 4360000
- Prior Grade
- 810
- Prior Contained Metal
- 7.8
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: The Junnagunna deposit shows exceptional growth in tonnage and contained metal in the Indicated category, but this is accompanied by a substantial grade decline, indicating dilutive growth.
Positive factors
- Significant increase in contained metal (92%)
- Significant increase in tonnage (129%)
- High confidence category (Indicated)
- Open pit mining method
Negative factors
- Significant grade decline (-21%)
Evidence · table
“10,000,000”
Context: Junnagunna
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 10000000 against 4360000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 640 against 810 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 15 against 7.8 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedWestmoreland · uraniumTonnes: 1300000Grade: 420Grade Unit: ppmContained Metal: 1.2Contained Unit: mlbs.View all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:12d3ce71e376cc93e2f5
- Deposit or zone
- Long Pocket
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1300000
- Grade
- 420
- Grade Unit
- ppm
- Contained Metal
- 1.2
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: Long Pocket represents a new Indicated resource, adding to the overall project scale and demonstrating successful exploration.
Positive factors
- Maiden resource for this deposit
- High confidence category (Indicated)
- Open pit mining method
Evidence · table
“1,300,000”
Context: Long Pocket
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedWestmoreland · uraniumTonnes: 27800000Grade: 770Grade Unit: ppmContained Metal: 48.1Contained Unit: mlbs.View all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:d73266083de16030021b
- Deposit or zone
- Total Indicated
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 27800000
- Grade
- 770
- Grade Unit
- ppm
- Contained Metal
- 48.1
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
- Prior Tonnes
- 18700000
- Prior Grade
- 880
- Prior Contained Metal
- 36
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: The total Indicated resource shows exceptional growth in contained metal and tonnage, significantly de-risking the project, though the grade decline indicates dilutive growth.
Positive factors
- Exceptional contained metal growth (34%)
- Exceptional tonnage growth (49%)
- High confidence category (Indicated)
- Open pit mining method
Negative factors
- Significant grade decline (-13%)
Evidence · table
“27,800,000”
Context: Total Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 27800000 against 18700000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 770 against 880 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 48.1 against 36 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredWestmoreland · uraniumTonnes: 3000000Grade: 800Grade Unit: ppmContained Metal: 5.2Contained Unit: mlbs.View all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:a8d795e687bddaf6a2bd
- Deposit or zone
- Redtree
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3000000
- Grade
- 800
- Grade Unit
- ppm
- Contained Metal
- 5.2
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
- Prior Tonnes
- 4460000
- Prior Grade
- 670
- Prior Contained Metal
- 6.6
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: The Redtree Inferred resource shows a significant decline in tonnage and contained metal, despite a grade improvement, indicating a reduction in the overall Inferred potential for this deposit.
Positive factors
- Grade improvement (19%)
Negative factors
- Tonnage decline (-33%)
- Contained metal decline (-21%)
- Lower confidence category (Inferred)
Evidence · table
“3,000,000”
Context: Redtree
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 3000000 against 4460000 previously
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: 800 against 670 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 5.2 against 6.6 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredWestmoreland · uraniumTonnes: 3100000Grade: 870Grade Unit: ppmContained Metal: 6Contained Unit: mlbs.View all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:c90411e600352912fb3c
- Deposit or zone
- Huarabagoo
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3100000
- Grade
- 870
- Grade Unit
- ppm
- Contained Metal
- 6
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
- Prior Tonnes
- 2400000
- Prior Grade
- 1090
- Prior Contained Metal
- 5.8
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: The Huarabagoo Inferred resource shows tonnage and contained metal growth, but a substantial grade decline, indicating dilutive growth in this lower-confidence category.
Positive factors
- Tonnage growth (29%)
- Contained metal growth (3%)
Negative factors
- Significant grade decline (-20%)
- Lower confidence category (Inferred)
Evidence · table
“3,100,000”
Context: Huarabagoo
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 3100000 against 2400000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 870 against 1090 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 6 from 5.8
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredWestmoreland · uraniumTonnes: 3000000Grade: 620Grade Unit: ppmContained Metal: 4.2Contained Unit: mlbs.View all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:07ba3b357519ee91a94a
- Deposit or zone
- Junnagunna
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3000000
- Grade
- 620
- Grade Unit
- ppm
- Contained Metal
- 4.2
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
- Prior Tonnes
- 2150000
- Prior Grade
- 750
- Prior Contained Metal
- 3.6
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: The Junnagunna Inferred resource shows strong tonnage and contained metal growth, but a substantial grade decline, indicating dilutive growth in this lower-confidence category.
Positive factors
- Tonnage growth (40%)
- Contained metal growth (17%)
Negative factors
- Significant grade decline (-17%)
- Lower confidence category (Inferred)
Evidence · table
“3,000,000”
Context: Junnagunna
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 3000000 against 2150000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 620 against 750 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 4.2 against 3.6 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredWestmoreland · uraniumTonnes: 2700000Grade: 380Grade Unit: ppmContained Metal: 2.3Contained Unit: mlbs.View all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:b289f4e804c9bbffed88
- Deposit or zone
- Long Pocket
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2700000
- Grade
- 380
- Grade Unit
- ppm
- Contained Metal
- 2.3
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: Long Pocket represents a new Inferred resource, adding to the overall project scale and demonstrating successful exploration, though it is in the lower-confidence category.
Positive factors
- Maiden resource for this deposit
- Open pit mining method
Negative factors
- Lower confidence category (Inferred)
Evidence · table
“2,700,000”
Context: Long Pocket
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredWestmoreland · uraniumTonnes: 11800000Grade: 680Grade Unit: ppmContained Metal: 17.7Contained Unit: mlbs.View all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-01-31T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:2203535d65a6603178a6
- Deposit or zone
- Total Inferred
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 11800000
- Grade
- 680
- Grade Unit
- ppm
- Contained Metal
- 17.7
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
- Prior Tonnes
- 9000000
- Prior Grade
- 800
- Prior Contained Metal
- 15.9
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: The total Inferred resource shows strong growth in tonnage and contained metal, but a substantial grade decline, indicating dilutive growth in this lower-confidence category.
Positive factors
- Strong tonnage growth (31%)
- Contained metal growth (11%)
Negative factors
- Significant grade decline (-15%)
- Lower confidence category (Inferred)
Evidence · table
“11,800,000”
Context: Total Inferred
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 11800000 against 9000000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 680 against 800 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 17.7 against 15.9 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
indicatedWestmoreland · uraniumTonnes: 12900000Grade: 900Grade Unit: ppmContained Metal: 25.5Contained Unit: mlb.Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2009-05-11T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:4e7e0b0dd9c1db3b5d8f
- Deposit or zone
- Redtree
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 12900000
- Grade
- 900
- Grade Unit
- ppm
- Contained Metal
- 25.5
- Contained Unit
- mlb.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2009-05-11
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2009-05-11T00:00:00.000Z
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: This is a historical Indicated resource for Redtree, superseded by the current estimate, and primarily serves for comparison.
Negative factors
- Stale data (effective date 2009)
- Superseded by new estimate
Evidence · table
“12,900,000”
Context: Redtree
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.8 years before this release
indicatedWestmoreland · uraniumTonnes: 1460000Grade: 830Grade Unit: ppmContained Metal: 2.7Contained Unit: mlb.Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2009-05-11T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:d89a0a50d26ec821c972
- Deposit or zone
- Huarabagoo
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1460000
- Grade
- 830
- Grade Unit
- ppm
- Contained Metal
- 2.7
- Contained Unit
- mlb.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2009-05-11
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2009-05-11T00:00:00.000Z
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: This is a historical Indicated resource for Huarabagoo, superseded by the current estimate, and primarily serves for comparison.
Negative factors
- Stale data (effective date 2009)
- Superseded by new estimate
Evidence · table
“1,460,000”
Context: Huarabagoo
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.8 years before this release
indicatedWestmoreland · uraniumTonnes: 4360000Grade: 810Grade Unit: ppmContained Metal: 7.8Contained Unit: mlb.Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2009-05-11T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:a4e25739a98f3254b19c
- Deposit or zone
- Junnagunna
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 4360000
- Grade
- 810
- Grade Unit
- ppm
- Contained Metal
- 7.8
- Contained Unit
- mlb.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2009-05-11
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2009-05-11T00:00:00.000Z
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: This is a historical Indicated resource for Junnagunna, superseded by the current estimate, and primarily serves for comparison.
Negative factors
- Stale data (effective date 2009)
- Superseded by new estimate
Evidence · table
“4,360,000”
Context: Junnagunna
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.8 years before this release
indicatedWestmoreland · uraniumTonnes: 18700000Grade: 880Grade Unit: ppmContained Metal: 36Contained Unit: mlb.Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2009-05-11T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:4b4ae18ec0766fa5ddd1
- Deposit or zone
- Total Indicated
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 18700000
- Grade
- 880
- Grade Unit
- ppm
- Contained Metal
- 36
- Contained Unit
- mlb.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2009-05-11
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2009-05-11T00:00:00.000Z
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: This is a historical total Indicated resource, superseded by the current estimate, and primarily serves for comparison.
Negative factors
- Stale data (effective date 2009)
- Superseded by new estimate
Evidence · table
“18,700,000”
Context: Total Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.8 years before this release
inferredWestmoreland · uraniumTonnes: 4460000Grade: 670Grade Unit: ppmContained Metal: 6.6Contained Unit: mlb.Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2009-05-11T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:9f64b2d98d173fa055c4
- Deposit or zone
- Redtree
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4460000
- Grade
- 670
- Grade Unit
- ppm
- Contained Metal
- 6.6
- Contained Unit
- mlb.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2009-05-11
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2009-05-11T00:00:00.000Z
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: This is a historical Inferred resource for Redtree, superseded by the current estimate, and primarily serves for comparison.
Negative factors
- Stale data (effective date 2009)
- Superseded by new estimate
- Lower confidence category (Inferred)
Evidence · table
“4,460,000”
Context: Redtree
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.8 years before this release
inferredWestmoreland · uraniumTonnes: 2400000Grade: 1090Grade Unit: ppmContained Metal: 5.8Contained Unit: mlb.Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2009-05-11T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:a3ecbe5303a87b16abf5
- Deposit or zone
- Huarabagoo
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2400000
- Grade
- 1090
- Grade Unit
- ppm
- Contained Metal
- 5.8
- Contained Unit
- mlb.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2009-05-11
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2009-05-11T00:00:00.000Z
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: This is a historical Inferred resource for Huarabagoo, superseded by the current estimate, and primarily serves for comparison.
Negative factors
- Stale data (effective date 2009)
- Superseded by new estimate
- Lower confidence category (Inferred)
Evidence · table
“2,400,000”
Context: Huarabagoo
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.8 years before this release
inferredWestmoreland · uraniumTonnes: 2150000Grade: 750Grade Unit: ppmContained Metal: 3.6Contained Unit: mlb.Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2009-05-11T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:bea346853d44530d3964
- Deposit or zone
- Junnagunna
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2150000
- Grade
- 750
- Grade Unit
- ppm
- Contained Metal
- 3.6
- Contained Unit
- mlb.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2009-05-11
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2009-05-11T00:00:00.000Z
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: This is a historical Inferred resource for Junnagunna, superseded by the current estimate, and primarily serves for comparison.
Negative factors
- Stale data (effective date 2009)
- Superseded by new estimate
- Lower confidence category (Inferred)
Evidence · table
“2,150,000”
Context: Junnagunna
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.8 years before this release
inferredWestmoreland · uraniumTonnes: 9000000Grade: 800Grade Unit: ppmContained Metal: 15.9Contained Unit: mlb.Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Westmoreland
- Commodity
- uranium
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- LAM
Resource scope
- Estimate type
- resource
- Effective date
- 2009-05-11T00:00:00.000Z
- Reporting standards
- ni_43_101, jorc
- QP Signed
- Yes
- Qualified person names
- Richard Siddle
- Resource group id
- resource:4c6f771fb2775c28555a
- Deposit or zone
- Total Inferred
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 9000000
- Grade
- 800
- Grade Unit
- ppm
- Contained Metal
- 15.9
- Contained Unit
- mlb.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2009-05-11
Lab
- Laboratory
- Addison Mining Services
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2009-05-11T00:00:00.000Z
Dates
- Event date
- 2025-02-28T00:00:00.000Z
Reasoning: This is a historical total Inferred resource, superseded by the current estimate, and primarily serves for comparison.
Negative factors
- Stale data (effective date 2009)
- Superseded by new estimate
- Lower confidence category (Inferred)
Evidence · table
“9,000,000”
Context: Total Inferred
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 15.8 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.