# Laramide to Update Westmoreland Economic Study Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/laramide-to-update-westmoreland-economic-study--cc002713-f166-4ac8-8523-72b600991a70 Original source: https://money.tmx.com/en/quote/LAM/news/5557125029949167/laramide-to-update-westmoreland-economic-study Publisher: tmx Original announcement: 2026-02-26T12:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Laramide Resources Ltd. - Ticker: LAM - Exchange: TSX - Region: Queensland, Australia - Primary commodity: Uranium - Secondary commodities: None reported - Document categories: Resource update, Economic study - Extracted: 2026-09-18 06:53:56 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Laramide Resources has engaged Lycopodium Limited to update the Preliminary Economic Assessment \(PEA\) for the Westmoreland Uranium Project in Queensland, Australia. The update, expected in 1H 2026, will incorporate higher long-term uranium prices and a significantly expanded mineral resource base. Reasoning: The announcement of a PEA update to reflect higher uranium prices and a larger resource base is a positive catalyst for project valuation, though regulatory risk in Queensland remains a factor. - Positive factor: Engagement of Lycopodium to update PEA - Positive factor: Materially higher long-term uranium pricing expected in update - Positive factor: Significant expansion of the mineral resource base since 2016 - Positive factor: Secured Mining Development Licence \(MDL\) - Negative factor: Project advancement depends on Queensland policy clarity Facts used in scoring: 3 ## Classification and evidence **PEA Only** Polarity: neutral Definition: Only Class 4 / Initial Assessment economics available. Not bankable. Why it applies: The company is updating a Preliminary Economic Assessment \(PEA\). Evidence · text > engaged Lycopodium Limited \(ASX: LYL\) to update the Preliminary Economic Assessment \("PEA"\) **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides current resource figures \(Indicated and Inferred\) as context for the upcoming study. Evidence · text > Laramide has meaningfully expanded the Westmoreland Mineral Resource **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: Rhys Davies, a Competent Person and Qualified Person, is named in relation to the exploration results/resource information. Evidence · text > Mr. Davies is a Member of The Australasian Institute of Geoscientists... and is a "Qualified Person" as defined by National Instrument 43-101 ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-to-update-westmoreland-economic-study--cc002713-f166-4ac8-8523-72b600991a70#fact-resource-facts-0) 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 - Reporting standards: ni\_43\_101, jorc - Resource group id: resource:7bcb88e2fde05e316b7b #### Resource Data - Category: indicated - Grade: 770 - Grade Unit: ppm - Contained Metal: 48.1 - Contained Unit: million pounds u3o8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-26T00:00:00.000Z Reasoning: Provides the current Indicated resource baseline for the upcoming PEA update. - Positive factor: Significant resource base in Indicated category Evidence · text > 48.1 million pounds U3O8 in the Indicated category at an average grade of 770 ppm #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/laramide-to-update-westmoreland-economic-study--cc002713-f166-4ac8-8523-72b600991a70#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 - Reporting standards: ni\_43\_101, jorc - Resource group id: resource:40b7d6a47a612e176831 #### Resource Data - Category: inferred - Grade: 680 - Grade Unit: ppm - Contained Metal: 17.7 - Contained Unit: million pounds u3o8 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-02-26T00:00:00.000Z Reasoning: Provides the current Inferred resource baseline for the upcoming PEA update. - Positive factor: Contributes to total resource scale - Negative factor: Inferred category carries lower geological confidence Evidence · text > 17.7 million pounds U3O8 in the Inferred category at an average grade of 680 ppm #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **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 ## 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.