Laramide Announces Filing of NI 43-101 Technical Report for Increased Mineral Resource Estimate at 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 07:07:55 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Laramide Resources has filed an NI 43-101 technical report providing an updated Mineral Resource Estimate for the Westmoreland Uranium Project in Queensland, Australia. The update includes an Indicated Resource of 27.8 Mt at 770 ppm U3O8 and an Inferred Resource of 11.8 Mt at 680 ppm U3O8.
Reasoning: The update reports a substantial uranium resource with a high proportion of Indicated material, though it is a restatement of results previously disclosed in February 2025.
Positive factors
- Significant Indicated resource reported
- Expansion of resource via new Long Pocket deposit
- High M&I ratio (70%)
Facts used in scoring: 2
Classification and evidence
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The report specifies 27.8 million tonnes of Indicated Resource.
Evidence · text
“total Indicated Resource of 27.8 million tonnes”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The report specifies 11.8 million tonnes of Inferred Resource.
Evidence · text
“total Inferred Resource of approximately 11.8 million tonnes”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The technical report is explicitly stated to be NI 43-101 compliant.
Evidence · text
“NI 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") compliant, independent technical report”
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: Mr. R. J. Siddle is named as the independent Qualified Person/Competent Person.
Evidence · text
“reviewed by Mr. R. J. Siddle, MSc, MAIG Principal Resource Geologist for Addison Mining Services Ltd.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The announcement is an update to the Mineral Resource Estimate.
Evidence · text
“An update to the Mineral Resource Estimate for the Westmoreland Uranium Project”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Resource Estimates (2)
indicatedWestmoreland Uranium Project · uraniumTonnes: 27800000Grade: 770Grade Unit: ppmContained Metal: 48.1Contained Unit: mlbs.View all detailsHide details
Identity
- Project
- Westmoreland Uranium Project
- 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
- R. J. Siddle
- Resource group id
- resource:944cf1845e6a6d0c07a9
Resource Data
- Category
- indicated
- Tonnes
- 27800000
- Grade
- 770
- Grade Unit
- ppm
- Contained Metal
- 48.1
- Contained Unit
- mlbs.
Prior Estimate
- Resource Date
- 2025-01-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-04-14T00:00:00.000Z
Reasoning: Strong Indicated resource component.
Positive factors
- High grade for uranium
- Large tonnage
Evidence · text
“total Indicated Resource of 27.8 million tonnes at an average grade of 770 ppm for 48.1 MLbs. of U 3 O 8”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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 Uranium Project · uraniumTonnes: 11800000Grade: 680Grade Unit: ppmContained Metal: 17.7Contained Unit: million contained lbs. of u 3 o 8View all detailsHide details
Identity
- Project
- Westmoreland Uranium Project
- 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
- R. J. Siddle
- Resource group id
- resource:9ef3d1538844b7a2c519
Resource Data
- Category
- inferred
- Tonnes
- 11800000
- Grade
- 680
- Grade Unit
- ppm
- Contained Metal
- 17.7
- Contained Unit
- million contained lbs. of u 3 o 8
Prior Estimate
- Resource Date
- 2025-01-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-04-14T00:00:00.000Z
Reasoning: Standard inferred resource component.
Positive factors
- Significant inferred tonnage
Negative factors
- Inferred category carries higher geological risk
Evidence · text
“total Inferred Resource of approximately 11.8 million tonnes at an average grade of 680 ppm U 3 O 8 for 17.7 million contained Lbs. of U 3 O 8”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was 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
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.