Laramide Resources Announces Updated Preliminary Economic Assessment and Positions Westmoreland Uranium Project for the Next Phase of Development
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, Economic study
- Extracted
- 2026-09-18 06:36:01 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Laramide Resources announced an updated Preliminary Economic Assessment (PEA) for its 100%-owned Westmoreland Uranium Project in Queensland, Australia, replacing a previous 2016 study. The PEA outlines robust post-tax economics with a US$741.1 million NPV (7.5% discount rate), a 33% IRR, and a 2.5-year payback period, based on an updated mineral resource estimate. The study positions Westmoreland as a large-scale, long-life uranium operation with an average annual production of 4.9 million lbs U₃O₈ over an 11-year mine life.
Reasoning: Laramide Resources announced an updated PEA for its Westmoreland Uranium Project, demonstrating robust economics with a 33% post-tax IRR and 2.5-year payback, supported by a large, updated uranium resource compliant with NI 43-101 and JORC. The study positions the project for the next phase of development, though it remains at a preliminary assessment stage.
Positive factors
- Strong project economics (high IRR, fast payback)
- Large updated resource
- High recovery
- Low operating costs
- Stable jurisdiction
- Compliant reporting
Negative factors
- PEA level study (inherent uncertainty)
- Significant inferred component in resource
- Some undisclosed economic conventions
- No sensitivity analysis
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 11
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
Extracted facts
Stored fact records: 10. Some facts used in scoring do not have a stored record.
Resource Estimates (10)
indicatedWestmoreland Uranium Project · uraniumTonnes: 14000000Grade: 880Grade Unit: ppm U3O8Contained Metal: 27Contained 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
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Rhys Davies, R. J. Siddle
- Resource group id
- resource:f906652d46d2d2a795b6
- Deposit or zone
- Redtree
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 14000000
- Grade
- 880
- Grade Unit
- ppm U3O8
- Contained Metal
- 27
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-22T00:00:00.000Z
Reasoning: The Redtree deposit contributes a significant indicated resource of 14 Mt at 880 ppm U3O8, compliant with major reporting standards, providing a strong foundation for the project.
Positive factors
- Significant indicated resource
- JORC and NI 43-101 compliant
- QP signed
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: The resource is classified as Indicated, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: Redtree
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with the JORC Code (2012 Edition).
Evidence · text
“JORC Code (2012 Edition)”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with National Instrument NI 43-101.
Evidence · text
“National Instrument NI 43-101”
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: The resource estimate is signed off by a Qualified Person and Competent Person.
Evidence · text
“The information in this report that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation prepared by Mr. R. J. Siddle, MSc, MAIG Principal Resource Geologist for Addison Mining Services Ltd, a Competent Person who is a Member and Chartered Professional of The Australasian Institute of Geoscientists, MAIG(CP).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: This is an updated Mineral Resource estimate, not a maiden one.
Evidence · text
“updated Mineral Resources”
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedWestmoreland Uranium Project · uraniumTonnes: 2500000Grade: 890Grade Unit: ppm U3O8Contained Metal: 4.9Contained 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
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Rhys Davies, R. J. Siddle
- Resource group id
- resource:4cdaed1c8d74fcd7cc05
- Deposit or zone
- Huarabagoo
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 2500000
- Grade
- 890
- Grade Unit
- ppm U3O8
- Contained Metal
- 4.9
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-22T00:00:00.000Z
Reasoning: The Huarabagoo deposit contributes an indicated resource of 2.5 Mt at 890 ppm U3O8, compliant with major reporting standards.
Positive factors
- Indicated resource
- JORC and NI 43-101 compliant
- QP signed
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: The resource is classified as Indicated, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: Huarabagoo
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with the JORC Code (2012 Edition).
Evidence · text
“JORC Code (2012 Edition)”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with National Instrument NI 43-101.
Evidence · text
“National Instrument NI 43-101”
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: The resource estimate is signed off by a Qualified Person and Competent Person.
Evidence · text
“The information in this report that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation prepared by Mr. R. J. Siddle, MSc, MAIG Principal Resource Geologist for Addison Mining Services Ltd, a Competent Person who is a Member and Chartered Professional of The Australasian Institute of Geoscientists, MAIG(CP).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: This is an updated Mineral Resource estimate, not a maiden one.
Evidence · text
“updated Mineral Resources”
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedWestmoreland Uranium Project · uraniumTonnes: 10000000Grade: 640Grade Unit: ppm U3O8Contained Metal: 15Contained 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
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Rhys Davies, R. J. Siddle
- Resource group id
- resource:9f9be70b73444a499570
- Deposit or zone
- Junnagunna
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10000000
- Grade
- 640
- Grade Unit
- ppm U3O8
- Contained Metal
- 15
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-22T00:00:00.000Z
Reasoning: The Junnagunna deposit contributes a significant indicated resource of 10 Mt at 640 ppm U3O8, compliant with major reporting standards.
Positive factors
- Significant indicated resource
- JORC and NI 43-101 compliant
- QP signed
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: The resource is classified as Indicated, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: Junnagunna
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with the JORC Code (2012 Edition).
Evidence · text
“JORC Code (2012 Edition)”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with National Instrument NI 43-101.
Evidence · text
“National Instrument NI 43-101”
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: The resource estimate is signed off by a Qualified Person and Competent Person.
Evidence · text
“The information in this report that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation prepared by Mr. R. J. Siddle, MSc, MAIG Principal Resource Geologist for Addison Mining Services Ltd, a Competent Person who is a Member and Chartered Professional of The Australasian Institute of Geoscientists, MAIG(CP).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: This is an updated Mineral Resource estimate, not a maiden one.
Evidence · text
“updated Mineral Resources”
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedWestmoreland Uranium Project · uraniumTonnes: 1300000Grade: 420Grade Unit: ppm U3O8Contained Metal: 1.2Contained 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
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Rhys Davies, R. J. Siddle
- Resource group id
- resource:fe268c7a5d57af4d090f
- Deposit or zone
- Long Pocket
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1300000
- Grade
- 420
- Grade Unit
- ppm U3O8
- Contained Metal
- 1.2
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-22T00:00:00.000Z
Reasoning: The Long Pocket deposit contributes an indicated resource of 1.3 Mt at 420 ppm U3O8, compliant with major reporting standards.
Positive factors
- Indicated resource
- JORC and NI 43-101 compliant
- QP signed
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: The resource is classified as Indicated, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: Long Pocket
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with the JORC Code (2012 Edition).
Evidence · text
“JORC Code (2012 Edition)”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with National Instrument NI 43-101.
Evidence · text
“National Instrument NI 43-101”
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: The resource estimate is signed off by a Qualified Person and Competent Person.
Evidence · text
“The information in this report that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation prepared by Mr. R. J. Siddle, MSc, MAIG Principal Resource Geologist for Addison Mining Services Ltd, a Competent Person who is a Member and Chartered Professional of The Australasian Institute of Geoscientists, MAIG(CP).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: This is an updated Mineral Resource estimate, not a maiden one.
Evidence · text
“updated Mineral Resources”
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedWestmoreland Uranium Project · uraniumTonnes: 27800000Grade: 770Grade Unit: ppm U3O8Contained 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
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Rhys Davies, R. J. Siddle
- Resource group id
- resource:2dac64bda5513d08a9db
- Deposit or zone
- Total Indicated
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 27800000
- Grade
- 770
- Grade Unit
- ppm U3O8
- Contained Metal
- 48.1
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-22T00:00:00.000Z
Reasoning: The total indicated resource of 27.8 Mt at 770 ppm U3O8 represents a substantial and well-defined portion of the project's mineral endowment, compliant with major reporting standards.
Positive factors
- Large total indicated resource
- JORC and NI 43-101 compliant
- QP signed
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: The resource is classified as Indicated, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: Total Indicated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with the JORC Code (2012 Edition).
Evidence · text
“JORC Code (2012 Edition)”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with National Instrument NI 43-101.
Evidence · text
“National Instrument NI 43-101”
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: The resource estimate is signed off by a Qualified Person and Competent Person.
Evidence · text
“The information in this report that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation prepared by Mr. R. J. Siddle, MSc, MAIG Principal Resource Geologist for Addison Mining Services Ltd, a Competent Person who is a Member and Chartered Professional of The Australasian Institute of Geoscientists, MAIG(CP).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: This is an updated Mineral Resource estimate, not a maiden one.
Evidence · text
“updated Mineral Resources”
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredWestmoreland Uranium Project · uraniumTonnes: 3000000Grade: 800Grade Unit: ppm U3O8Contained Metal: 5.2Contained 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
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Rhys Davies, R. J. Siddle
- Resource group id
- resource:1ef53927d60beeaad207
- Deposit or zone
- Redtree
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3000000
- Grade
- 800
- Grade Unit
- ppm U3O8
- Contained Metal
- 5.2
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-22T00:00:00.000Z
Reasoning: The Redtree deposit includes an inferred resource of 3 Mt at 800 ppm U3O8, which is speculative and has lower geological confidence, despite being compliant with reporting standards.
Positive factors
- JORC and NI 43-101 compliant
- QP signed
Negative factors
- Inferred resource category
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: The resource is classified as Inferred, indicating limited geological confidence.
Evidence · table
“Inferred”
Context: Redtree
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with the JORC Code (2012 Edition).
Evidence · text
“JORC Code (2012 Edition)”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with National Instrument NI 43-101.
Evidence · text
“National Instrument NI 43-101”
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: The resource estimate is signed off by a Qualified Person and Competent Person.
Evidence · text
“The information in this report that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation prepared by Mr. R. J. Siddle, MSc, MAIG Principal Resource Geologist for Addison Mining Services Ltd, a Competent Person who is a Member and Chartered Professional of The Australasian Institute of Geoscientists, MAIG(CP).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: This is an updated Mineral Resource estimate, not a maiden one.
Evidence · text
“updated Mineral Resources”
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredWestmoreland Uranium Project · uraniumTonnes: 3100000Grade: 870Grade Unit: ppm U3O8Contained Metal: 6Contained 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
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Rhys Davies, R. J. Siddle
- Resource group id
- resource:89e0dc1d3b15e0a310e0
- Deposit or zone
- Huarabagoo
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3100000
- Grade
- 870
- Grade Unit
- ppm U3O8
- Contained Metal
- 6
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-22T00:00:00.000Z
Reasoning: The Huarabagoo deposit includes an inferred resource of 3.1 Mt at 870 ppm U3O8, which is speculative and has lower geological confidence, despite being compliant with reporting standards.
Positive factors
- JORC and NI 43-101 compliant
- QP signed
Negative factors
- Inferred resource category
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: The resource is classified as Inferred, indicating limited geological confidence.
Evidence · table
“Inferred”
Context: Huarabagoo
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with the JORC Code (2012 Edition).
Evidence · text
“JORC Code (2012 Edition)”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with National Instrument NI 43-101.
Evidence · text
“National Instrument NI 43-101”
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: The resource estimate is signed off by a Qualified Person and Competent Person.
Evidence · text
“The information in this report that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation prepared by Mr. R. J. Siddle, MSc, MAIG Principal Resource Geologist for Addison Mining Services Ltd, a Competent Person who is a Member and Chartered Professional of The Australasian Institute of Geoscientists, MAIG(CP).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: This is an updated Mineral Resource estimate, not a maiden one.
Evidence · text
“updated Mineral Resources”
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredWestmoreland Uranium Project · uraniumTonnes: 3000000Grade: 620Grade Unit: ppm U3O8Contained Metal: 4.2Contained 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
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Rhys Davies, R. J. Siddle
- Resource group id
- resource:9ce460db7a55521a1da4
- Deposit or zone
- Junnagunna
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3000000
- Grade
- 620
- Grade Unit
- ppm U3O8
- Contained Metal
- 4.2
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-22T00:00:00.000Z
Reasoning: The Junnagunna deposit includes an inferred resource of 3 Mt at 620 ppm U3O8, which is speculative and has lower geological confidence, despite being compliant with reporting standards.
Positive factors
- JORC and NI 43-101 compliant
- QP signed
Negative factors
- Inferred resource category
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: The resource is classified as Inferred, indicating limited geological confidence.
Evidence · table
“Inferred”
Context: Junnagunna
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with the JORC Code (2012 Edition).
Evidence · text
“JORC Code (2012 Edition)”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with National Instrument NI 43-101.
Evidence · text
“National Instrument NI 43-101”
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: The resource estimate is signed off by a Qualified Person and Competent Person.
Evidence · text
“The information in this report that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation prepared by Mr. R. J. Siddle, MSc, MAIG Principal Resource Geologist for Addison Mining Services Ltd, a Competent Person who is a Member and Chartered Professional of The Australasian Institute of Geoscientists, MAIG(CP).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: This is an updated Mineral Resource estimate, not a maiden one.
Evidence · text
“updated Mineral Resources”
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredWestmoreland Uranium Project · uraniumTonnes: 2700000Grade: 380Grade Unit: ppm U3O8Contained Metal: 2.3Contained 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
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Rhys Davies, R. J. Siddle
- Resource group id
- resource:91528a166f2cd29e0824
- Deposit or zone
- Long Pocket
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2700000
- Grade
- 380
- Grade Unit
- ppm U3O8
- Contained Metal
- 2.3
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-22T00:00:00.000Z
Reasoning: The Long Pocket deposit includes an inferred resource of 2.7 Mt at 380 ppm U3O8, which is speculative and has lower geological confidence, despite being compliant with reporting standards.
Positive factors
- JORC and NI 43-101 compliant
- QP signed
Negative factors
- Inferred resource category
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: The resource is classified as Inferred, indicating limited geological confidence.
Evidence · table
“Inferred”
Context: Long Pocket
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with the JORC Code (2012 Edition).
Evidence · text
“JORC Code (2012 Edition)”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with National Instrument NI 43-101.
Evidence · text
“National Instrument NI 43-101”
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: The resource estimate is signed off by a Qualified Person and Competent Person.
Evidence · text
“The information in this report that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation prepared by Mr. R. J. Siddle, MSc, MAIG Principal Resource Geologist for Addison Mining Services Ltd, a Competent Person who is a Member and Chartered Professional of The Australasian Institute of Geoscientists, MAIG(CP).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: This is an updated Mineral Resource estimate, not a maiden one.
Evidence · text
“updated Mineral Resources”
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredWestmoreland Uranium Project · uraniumTonnes: 11800000Grade: 680Grade Unit: ppm U3O8Contained Metal: 17.7Contained 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
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Rhys Davies, R. J. Siddle
- Resource group id
- resource:edf618a02b170c6f3212
- Deposit or zone
- Total Inferred
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 11800000
- Grade
- 680
- Grade Unit
- ppm U3O8
- Contained Metal
- 17.7
- Contained Unit
- mlbs.
- Cutoff Grade
- 200
- Cutoff Unit
- ppm U3O8
Prior Estimate
- Resource Date
- 2025-01-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-22T00:00:00.000Z
Reasoning: The total inferred resource of 11.8 Mt at 680 ppm U3O8 represents a significant portion of the project's mineral endowment but carries lower geological confidence, limiting its use in economic studies.
Positive factors
- JORC and NI 43-101 compliant
- QP signed
Negative factors
- Large inferred resource component
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: The resource is classified as Inferred, indicating limited geological confidence.
Evidence · table
“Inferred”
Context: Total Inferred
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with the JORC Code (2012 Edition).
Evidence · text
“JORC Code (2012 Edition)”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The resource estimate is prepared in compliance with National Instrument NI 43-101.
Evidence · text
“National Instrument NI 43-101”
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: The resource estimate is signed off by a Qualified Person and Competent Person.
Evidence · text
“The information in this report that relates to Mineral Resources is based on, and fairly represents, information and supporting documentation prepared by Mr. R. J. Siddle, MSc, MAIG Principal Resource Geologist for Addison Mining Services Ltd, a Competent Person who is a Member and Chartered Professional of The Australasian Institute of Geoscientists, MAIG(CP).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: This is an updated Mineral Resource estimate, not a maiden one.
Evidence · text
“updated Mineral Resources”
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
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
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.