Laramide Resources Ltd. (“Laramide” or the “Company”) is a uranium development company offering low cost, low technical risk production in proven jurisdictions.
Laramide has acquired known uranium assets with drilled out resources. Currently Laramide has approximately 62 million pounds of U3O8 (uranium oxide) located in NI 43-101 compliant resources in Australia and the U.S. One U.S. asset entering negotiations on a milling agreement with Utah, with a second US asset in the permitting comment period to be developed when title transfer is finalized.
The Company’s main focus is the advancement of its flagship asset, the Westmoreland Uranium Project in Queensland, Australia. In 2009, Mining Associates of Australia completed a technical report that showed Westmoreland has an indicated resource of 36.0 M lbs @ 0.089% U3O8 and an inferred resource of 15.9 M lbs @ 0.083% U3O8 which ranks it as one of the ten largest uranium deposits in Australia and only one of a handful not under the control of a major mining company. |
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January 2012