# Laramide Resources Announces Updated Preliminary Economic Assessment and Positions Westmoreland Uranium Project for the Next Phase of Development

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--452891c9-9a0b-4773-a6e1-38b69573d1e7

Original source: https://money.tmx.com/en/quote/LAM/news/6892308286380395/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio

Publisher: tmx

Original announcement: 2026-07-22T13:52:00.000Z

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, Economic study

- Extracted: 2026-09-18 06:36:01 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: Strong project economics \(high IRR, fast payback\)

- Positive factor: Large updated resource

- Positive factor: High recovery

- Positive factor: Low operating costs

- Positive factor: Stable jurisdiction

- Positive factor: Compliant reporting

- Negative factor: PEA level study \(inherent uncertainty\)

- Negative factor: Significant inferred component in resource

- Negative factor: Some undisclosed economic conventions

- Negative factor: No sensitivity analysis

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 11

## 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

## Extracted facts

Stored fact records: 10. Some facts used in scoring do not have a stored record.

## Resource Estimates (10)

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--452891c9-9a0b-4773-a6e1-38b69573d1e7#fact-resource-facts-1)

Westmoreland Uranium Project · uranium

#### 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 factor: Significant indicated resource

- Positive factor: JORC and NI 43-101 compliant

- Positive factor: QP signed

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: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: Redtree

**JORC Compliant**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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 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: 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 Update**

Polarity: neutral

Definition: 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 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

**PFS-Supporting**

Polarity: neutral

Definition: 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-Supporting**

Polarity: neutral

Definition: 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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--452891c9-9a0b-4773-a6e1-38b69573d1e7#fact-resource-facts-2)

Westmoreland Uranium Project · uranium

#### 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 factor: Indicated resource

- Positive factor: JORC and NI 43-101 compliant

- Positive factor: QP signed

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: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: Huarabagoo

**JORC Compliant**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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 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: 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 Update**

Polarity: neutral

Definition: 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 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

**PFS-Supporting**

Polarity: neutral

Definition: 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-Supporting**

Polarity: neutral

Definition: 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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--452891c9-9a0b-4773-a6e1-38b69573d1e7#fact-resource-facts-3)

Westmoreland Uranium Project · uranium

#### 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 factor: Significant indicated resource

- Positive factor: JORC and NI 43-101 compliant

- Positive factor: QP signed

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: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: Junnagunna

**JORC Compliant**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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 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: 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 Update**

Polarity: neutral

Definition: 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 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

**PFS-Supporting**

Polarity: neutral

Definition: 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-Supporting**

Polarity: neutral

Definition: 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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--452891c9-9a0b-4773-a6e1-38b69573d1e7#fact-resource-facts-4)

Westmoreland Uranium Project · uranium

#### 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 factor: Indicated resource

- Positive factor: JORC and NI 43-101 compliant

- Positive factor: QP signed

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: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: Long Pocket

**JORC Compliant**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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 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: 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 Update**

Polarity: neutral

Definition: 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 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

**PFS-Supporting**

Polarity: neutral

Definition: 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-Supporting**

Polarity: neutral

Definition: 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

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--452891c9-9a0b-4773-a6e1-38b69573d1e7#fact-resource-facts-5)

Westmoreland Uranium Project · uranium

#### 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 factor: Large total indicated resource

- Positive factor: JORC and NI 43-101 compliant

- Positive factor: QP signed

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: The resource is classified as Indicated, indicating reasonable geological confidence.

Evidence · table

> Indicated

Context: Total Indicated

**JORC Compliant**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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 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: 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 Update**

Polarity: neutral

Definition: 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 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

**PFS-Supporting**

Polarity: neutral

Definition: 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-Supporting**

Polarity: neutral

Definition: 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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--452891c9-9a0b-4773-a6e1-38b69573d1e7#fact-resource-facts-6)

Westmoreland Uranium Project · uranium

#### 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 factor: JORC and NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Inferred resource category

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: The resource is classified as Inferred, indicating limited geological confidence.

Evidence · table

> Inferred

Context: Redtree

**JORC Compliant**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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 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: 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 Update**

Polarity: neutral

Definition: 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 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

**PFS-Supporting**

Polarity: neutral

Definition: 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-Supporting**

Polarity: neutral

Definition: 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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--452891c9-9a0b-4773-a6e1-38b69573d1e7#fact-resource-facts-7)

Westmoreland Uranium Project · uranium

#### 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 factor: JORC and NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Inferred resource category

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: The resource is classified as Inferred, indicating limited geological confidence.

Evidence · table

> Inferred

Context: Huarabagoo

**JORC Compliant**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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 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: 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 Update**

Polarity: neutral

Definition: 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 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

**PFS-Supporting**

Polarity: neutral

Definition: 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-Supporting**

Polarity: neutral

Definition: 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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--452891c9-9a0b-4773-a6e1-38b69573d1e7#fact-resource-facts-8)

Westmoreland Uranium Project · uranium

#### 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 factor: JORC and NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Inferred resource category

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: The resource is classified as Inferred, indicating limited geological confidence.

Evidence · table

> Inferred

Context: Junnagunna

**JORC Compliant**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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 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: 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 Update**

Polarity: neutral

Definition: 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 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

**PFS-Supporting**

Polarity: neutral

Definition: 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-Supporting**

Polarity: neutral

Definition: 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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--452891c9-9a0b-4773-a6e1-38b69573d1e7#fact-resource-facts-9)

Westmoreland Uranium Project · uranium

#### 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 factor: JORC and NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Inferred resource category

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: The resource is classified as Inferred, indicating limited geological confidence.

Evidence · table

> Inferred

Context: Long Pocket

**JORC Compliant**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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 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: 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 Update**

Polarity: neutral

Definition: 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 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

**PFS-Supporting**

Polarity: neutral

Definition: 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-Supporting**

Polarity: neutral

Definition: 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

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--452891c9-9a0b-4773-a6e1-38b69573d1e7#fact-resource-facts-10)

Westmoreland Uranium Project · uranium

#### 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 factor: JORC and NI 43-101 compliant

- Positive factor: QP signed

- Negative factor: Large inferred resource component

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: The resource is classified as Inferred, indicating limited geological confidence.

Evidence · table

> Inferred

Context: Total Inferred

**JORC Compliant**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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 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: 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 Update**

Polarity: neutral

Definition: 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 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

**PEA-Supporting**

Polarity: neutral

Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

**PFS-Supporting**

Polarity: neutral

Definition: 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-Supporting**

Polarity: neutral

Definition: 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.