Laramide Resources has filed a NI 43-101 Technical Report supporting an updated Preliminary Economic Assessment (PEA) for the 100%-owned Westmoreland Uranium Project in Queensland, Australia. The PEA is based on a production target comprising 79% Indicated and 21% Inferred resources, with cost estimates at a scoping study accuracy of ±35%.
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.
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.
Laramide Resources has filed an NI 43-101 technical report providing an updated Mineral Resource Estimate for the Westmoreland Uranium Project in Queensland, Australia. The update includes an Indicated Resource of 27.8 Mt at 770 ppm U3O8 and an Inferred Resource of 11.8 Mt at 680 ppm U3O8.
Laramide Resources has announced an updated Mineral Resource Estimate for its Westmoreland Uranium Project in Queensland, Australia, showing a 34% increase in Indicated resources to 48.1 MLbs U3O8 and an 11% increase in Inferred resources to 17.7 MLbs U3O8. The update includes a new resource for the Long Pocket deposit and classifies 70% of the total resource as Indicated. While contained metal has grown significantly, the average grade has declined, and the project faces regulatory hurdles as uranium mining is currently not permitted in Queensland.
Laramide Resources has released further assay results from its 2024 drill campaign at the Westmoreland Project in Queensland, Australia. The results from Huarabagoo confirm broad and consistent uranium mineralization, while drilling in the HJ Link Zone indicates continuous mineralization between the Huarabagoo and Junnagunna deposits. These findings are expected to contribute to an updated Mineral Resource Estimate, including a maiden resource for Long Pocket, scheduled for Q1 2025.
