# Laramide Announces an Increase in Mineral Resource Estimate for Westmoreland Uranium Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea Original source: https://money.tmx.com/en/quote/LAM/news/5475616343060865/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura Publisher: tmx Original announcement: 2025-02-28T12:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: Significant increase in total contained uranium metal \(34% Indicated, 11% Inferred\) - Positive factor: High proportion of Indicated resources \(73.1% of total\) - Positive factor: Inclusion of a new deposit \(Long Pocket\) in the resource estimate - Positive factor: Dual reporting standards \(NI 43-101 and JORC\) and QP sign-off - Positive factor: Clear path for future exploration and resource growth identified - Negative factor: Overall grade decline in both Indicated \(-13%\) and Inferred \(-15%\) categories, indicating dilutive growth - Negative factor: Uranium mining is currently not permitted in Queensland, posing a permitting risk - Negative factor: Inferred resources still constitute a material portion \(30%\) of the total resource Facts used in scoring: 18 ## Classification and evidence **Cut-off Disclosed** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: 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) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-0) Westmoreland · uranium #### 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 factor: Increase in contained metal \(6%\) - Positive factor: High confidence category \(Indicated\) - Positive factor: Open pit mining method - Negative factor: Grade decline \(-2%\) Evidence · table > 14,000,000 Context: Redtree #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Contained Metal Growth** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-1) Westmoreland · uranium #### 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 factor: Significant increase in contained metal \(81%\) - Positive factor: Significant increase in tonnage \(71%\) - Positive factor: Grade improvement \(7%\) - Positive factor: High confidence category \(Indicated\) - Positive factor: Open pit mining method Evidence · table > 2,500,000 Context: Huarabagoo #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 2500000 against 1460000 previously **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 890 against 830 previously **Contained Metal Growth** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-2) Westmoreland · uranium #### 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 factor: Significant increase in contained metal \(92%\) - Positive factor: Significant increase in tonnage \(129%\) - Positive factor: High confidence category \(Indicated\) - Positive factor: Open pit mining method - Negative factor: Significant grade decline \(-21%\) Evidence · table > 10,000,000 Context: Junnagunna #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 10000000 against 4360000 previously **Grade Decline** Polarity: negative Definition: 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 Growth** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-3) Westmoreland · uranium #### 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 factor: Maiden resource for this deposit - Positive factor: High confidence category \(Indicated\) - Positive factor: Open pit mining method Evidence · table > 1,300,000 Context: Long Pocket #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-4) Westmoreland · uranium #### 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 factor: Exceptional contained metal growth \(34%\) - Positive factor: Exceptional tonnage growth \(49%\) - Positive factor: High confidence category \(Indicated\) - Positive factor: Open pit mining method - Negative factor: Significant grade decline \(-13%\) Evidence · table > 27,800,000 Context: Total Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 27800000 against 18700000 previously **Grade Decline** Polarity: negative Definition: 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 Growth** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-5) Westmoreland · uranium #### 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 factor: Grade improvement \(19%\) - Negative factor: Tonnage decline \(-33%\) - Negative factor: Contained metal decline \(-21%\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 3,000,000 Context: Redtree #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 3000000 against 4460000 previously **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 800 against 670 previously **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 5.2 against 6.6 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-6) Westmoreland · uranium #### 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 factor: Tonnage growth \(29%\) - Positive factor: Contained metal growth \(3%\) - Negative factor: Significant grade decline \(-20%\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 3,100,000 Context: Huarabagoo #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 3100000 against 2400000 previously **Grade Decline** Polarity: negative Definition: 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 Growth** Polarity: negative Definition: 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 Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-7) Westmoreland · uranium #### 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 factor: Tonnage growth \(40%\) - Positive factor: Contained metal growth \(17%\) - Negative factor: Significant grade decline \(-17%\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 3,000,000 Context: Junnagunna #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 3000000 against 2150000 previously **Grade Decline** Polarity: negative Definition: 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 Growth** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-8) Westmoreland · uranium #### 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 factor: Maiden resource for this deposit - Positive factor: Open pit mining method - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 2,700,000 Context: Long Pocket #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-9) Westmoreland · uranium #### 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 factor: Strong tonnage growth \(31%\) - Positive factor: Contained metal growth \(11%\) - Negative factor: Significant grade decline \(-15%\) - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 11,800,000 Context: Total Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 11800000 against 9000000 previously **Grade Decline** Polarity: negative Definition: 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 Growth** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-10) Westmoreland · uranium Historical result Needs review: historical\_restatement #### 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 factor: Stale data \(effective date 2009\) - Negative factor: Superseded by new estimate Evidence · table > 12,900,000 Context: Redtree #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-11) Westmoreland · uranium Historical result Needs review: historical\_restatement #### 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 factor: Stale data \(effective date 2009\) - Negative factor: Superseded by new estimate Evidence · table > 1,460,000 Context: Huarabagoo #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-12) Westmoreland · uranium Historical result Needs review: historical\_restatement #### 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 factor: Stale data \(effective date 2009\) - Negative factor: Superseded by new estimate Evidence · table > 4,360,000 Context: Junnagunna #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-13) Westmoreland · uranium Historical result Needs review: historical\_restatement #### 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 factor: Stale data \(effective date 2009\) - Negative factor: Superseded by new estimate Evidence · table > 18,700,000 Context: Total Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-14) Westmoreland · uranium Historical result Needs review: historical\_restatement #### 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 factor: Stale data \(effective date 2009\) - Negative factor: Superseded by new estimate - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 4,460,000 Context: Redtree #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-15) Westmoreland · uranium Historical result Needs review: historical\_restatement #### 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 factor: Stale data \(effective date 2009\) - Negative factor: Superseded by new estimate - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 2,400,000 Context: Huarabagoo #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-16) Westmoreland · uranium Historical result Needs review: historical\_restatement #### 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 factor: Stale data \(effective date 2009\) - Negative factor: Superseded by new estimate - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 2,150,000 Context: Junnagunna #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-announces-an-increase-in-mineral-resource-estimate-for-westmoreland-ura--5f882910-faf6-45de-8f68-da87c20cb0ea#fact-resource-facts-17) Westmoreland · uranium Historical result Needs review: historical\_restatement #### 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 factor: Stale data \(effective date 2009\) - Negative factor: Superseded by new estimate - Negative factor: Lower confidence category \(Inferred\) Evidence · table > 9,000,000 Context: Total Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **Stale Estimate** Polarity: negative Definition: 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.