# Laramide Resources Announces Updated Preliminary Economic Assessment and Positions Westmoreland Uranium Project for the Next Phase of Development Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--70a7b60a-21d9-4c00-b1d8-9144ff148a15 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, Metallurgy - Extracted: 2026-08-25 18:31:47 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Laramide Resources announced an updated Preliminary Economic Assessment \(PEA\) for its Westmoreland Uranium Project in Queensland, Australia, revealing strong economics with a post-tax NPV of US$741.1 million and an IRR of 33%. The PEA incorporates updated Mineral Resources, including 27.8 Mt Indicated at 770 ppm U₃O₈ and 11.8 Mt Inferred at 680 ppm U₃O₈, and projects an overall uranium recovery of 95% from conventional agitated tank leaching. This study, compliant with JORC 2012 and NI 43-101, positions Westmoreland as a large-scale, low-cost uranium operation for future development. Reasoning: The updated Preliminary Economic Assessment for the Westmoreland Uranium Project demonstrates robust financial metrics, supported by a large, high-recovery resource base, positioning the project for the next phase of development, although a portion of the production target relies on inferred resources. - Positive factor: Strong project economics \(NPV, IRR, payback\) - Positive factor: Exceptional uranium recovery \(95%\) - Positive factor: Large contained metal \(65.8 MLbs total\) - Positive factor: Strong M&I confidence \(70.2% M&I\) - Positive factor: Updated study incorporating technical advancements - Positive factor: Compliant reporting \(JORC 2012, NI 43-101\) - Positive factor: Low operating costs \(US$32.40/lb U3O8\) - Negative factor: Significant portion of LOM production target based on Inferred Resources \(21%\) - Negative factor: PEA is preliminary in nature and includes speculative Inferred Mineral Resources Facts used in scoring: 3 ## Classification and evidence **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document announces an updated Preliminary Economic Assessment incorporating updated Mineral Resources. Evidence · text > updated Preliminary Economic Assessment \("PEA"\) for its 100%-owned Westmoreland Uranium Project **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The mineral resource estimate has been reviewed to ensure compliance with JORC 2012. Evidence · text > reviewed to ensure compliance with JORC 2012 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The mineral resource estimate complies with National Instrument NI 43-101. Evidence · text > complies with 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: Multiple Qualified Persons and Competent Persons are named and have approved the technical information. Evidence · text > The information has been reviewed and approved by Rhys Davies, MGeol, MSc, MAIG \(RPGeo\), FGS, a Qualified Person under the definition established by National Instrument 43-101 and JORC. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The mineral resources are reported above a cut-off grade of 200 ppm U₃O₈. Evidence · table > 200 ppm U 3 O 8 Context: Reported above a cut-off grade of 200 ppm U 3 O 8 . Effective 31 January 2025. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion \(21%\) of the Life of Mine production target is based on Inferred Resources, which have a low level of geological confidence. Evidence · text > The Life of Mine \(LOM\) production targets are based on approximately 79% indicated resources and 21% inferred resources. **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The resource estimate is presented as part of an updated Preliminary Economic Assessment. Evidence · text > updated Preliminary Economic Assessment \("PEA"\) for its 100%-owned Westmoreland Uranium Project **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: The overall process recovery of 95% for uranium is exceptional according to rubrics for uranium processing. Evidence · table > 95% Context: Overall process recovery **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The proposed processing route involves milling and agitated tank leaching. Evidence · text > The proposed processing route comprises milling followed by conventional agitated tank leaching with sulphuric acid and pyrolusite. **Open Pit Mining** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The PEA contemplates a conventional open pit mining operation. Evidence · text > The PEA contemplates a conventional open pit mining operation ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--70a7b60a-21d9-4c00-b1d8-9144ff148a15#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 Data - Category: indicated - Tonnes: 27800000 - Grade: 770 - Grade Unit: ppm U3O8 - Contained Metal: 48.1 - Contained Unit: MLbs - Cutoff Grade: 200 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The updated indicated resource provides a substantial and well-defined base for the project's economic assessment, demonstrating strong geological confidence and scale. - Positive factor: Large indicated resource tonnage - Positive factor: Strong contained metal - Positive factor: Compliant with JORC and NI 43-101 standards - Positive factor: QP/CP sign-off Evidence · table > 27,800,000 Context: Total Indicated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--70a7b60a-21d9-4c00-b1d8-9144ff148a15#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 Data - Category: inferred - Tonnes: 11800000 - Grade: 680 - Grade Unit: ppm U3O8 - Contained Metal: 17.7 - Contained Unit: MLbs - Cutoff Grade: 200 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The inferred resource contributes to the overall project scale but carries lower geological confidence, as acknowledged by the company regarding its use in the production target. - Positive factor: Adds to overall resource scale - Positive factor: Compliant with JORC and NI 43-101 standards - Positive factor: QP/CP sign-off - Negative factor: Lower geological confidence compared to indicated resources - Negative factor: Portion of LOM production target based on inferred resources Evidence · table > 11,800,000 Context: Total Inferred ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/laramide-resources-announces-updated-preliminary-economic-assessment-and-positio--70a7b60a-21d9-4c00-b1d8-9144ff148a15#fact-resource-facts-2) Westmoreland Uranium Project · uranium #### Identity - Project: Westmoreland Uranium Project - Commodity: uranium - Region: australia\_qld - Reported Region: Queensland, Australia - Ticker: LAM #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-22T00:00:00.000Z Reasoning: The 95% overall uranium recovery is exceptional and significantly de-risks the project's metallurgical aspects, contributing strongly to the positive economic assessment. - Positive factor: Exceptional recovery percentage for uranium - Positive factor: Detailed processing route described - Positive factor: Supports strong project economics Evidence · table > 95% Context: Overall process recovery ## 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.