Laramide Resources Ltd. · TSX:LAM

Laramide Resources — Investor Presentation (September 2016)

33 slides from Laramide Resources's investor presentation, September 2016

1. Slide 1: Corporate Presentation

   Laramide Resources Ltd. ASX/TSX: LAM | www.laramide.com Corporate Presentation September 2016 Building a low-cost production portfolio

2. Slide 2: Disclaimer

   Disclaimer This presentation is provided on the basis that neither the Company nor its representatives or advisors make any warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the presentation and nothing contained in the presentation

3. Slide 3: Qualified Person and Cautionary Statement

   Qualified Person and Cautionary Statement The supporting information provided in the market announcement “Laramide to acquire a substantial portfolio of ISR Projects” referred to in ASX listing rule 5.12 released to the market on 10 November 2015 continues to apply and has not materially changed. La

4. Slide 4: Laramide: Building a low-cost production portfolio

   Listed on Toronto’s TSX and Australia’s ASX: LAM Laramide: Building a low-cost production portfolio Enviable project portfolio of potential low-cost production:  ISR Projects in New Mexico moving forward with signed Definitive Agreement Laramide  Resources Large resource, Ltd. simple mining excell

5. Slide 5: Laramide's Projects - Safe, Stable Jurisdictions in Producing Countries

   Laramide’s Projects - Safe, Stable Jurisdictions in Producing Countries Laramide Resources Ltd. Corporate Office La Sal Church Rock and Crownpoint La Jara Mesa Westmoreland Laramide Project Office Major Global Laramide Uranium Suppliers Project Locations 5 Tier 1, Producing Jurisdictions

6. Slide 6: Strategic Objectives

   Building a low-cost production portfolio Strategic Objectives  US ISR Projects Laramide Resources Ltd.  Advance Church Rock acquisition transaction  Advance to JORC/NI 43-101 resource compliance  La Sal project permits are being maintained  Continue to advance permitting on La Jara Mesa  Unloc

7. Slide 7: Positioning Laramide for the U Turnaround

   TSX/ASX: LAM Positioning Laramide for the U Turnaround  Proposed acquisition of substantial Portfolio of ISR projects in New Mexico • Received Definitive Agreement with URI on the acquisition Laramide Resources Ltd. • NRC approval in place  Refinancing of AngloPac Facility with Extract and equity

8. Slide 8: Cross Currents Continued….Approaching a Bottom for the Sector

   TSX/ASX: LAM Cross Currents Continued….Approaching a Bottom for the Sector  Asia's projected $781 billion nuclear energy  Major uranium ETF forced to trim underlying equity investment needs continuing international portfolio Laramide Resources Ltd. cooperation  The World Nuclear Association suppo

9. Slide 9: Proposed Church Rock and Crownpoint Acquisition

   Building a low-cost production portfolio Proposed Church Rock and Crownpoint Acquisition Laramide’s synergistic acquisition creates a leading In-Situ Recovery (ISR) company  Enhanced overall Laramide project economics Resources Ltd. and fundability with royalty burden eliminated Near-term developme

10. Slide 10: Proposed Acquisition Properties

    TSX/ASX: LAM Proposed Acquisition Properties Church Rock, Mancos and Strathmore/Church Rock Church Rock – Section 8 and 17 Laramide Resources Ltd. • Initial production area with Section 8 and 17 – most licenses/permits in hand • High-quality resource • Feasibility Study completed on Section 8 Mancos

11. Slide 11: Church Rock Section 8

    TSX/ASX: LAM Church Rock Section 8  URI’s Feasibility Study1 highlights on Church Rock Section 8 only prepared by URI: Laramide Resources Ltd.  ISR amenable  NRC Licence in timely renewal from Section 8, 17 at Church Rock and Crownpoint  Output toll-milled through URI’s facility in Texas  Capex

12. Slide 12: Royalty Burden Impact Based on Church Rock Section 8 only

    Building a low-cost production portfolio Royalty Burden Impact Based on Church Rock Section 8 only Based on URI’s 2012 Feasibility Study by Behre Dolbear on Section 8 (approx. 4.35Mlbs recovered, or less than 15% of historical resource estimates noted on slide 8) $USD Laramide Resources Ltd. Gross S

13. Slide 13: Conceptual Development Plan for Church Rock and Crownpoint

    TSX/ASX: LAM Conceptual Development Plan for Church Rock and Crownpoint  Prepare Laramide updated resource Resources Ltd. in accordance with JORC/ NI 43-101 – Section 8 & 17  Complete balance of mine permits  Complete Pre-Feasibility Study  Construct Section 8/17 satellite plant  Construct Crow

14. Slide 14: ISR Uranium - Company Comparison

    Building a low-cost production portfolio ISR Uranium - Company Comparison Share Market Enterprise U3O8 TEV / U3O8 Median Price Cap Value Resources Resources Price / Laramide (C$ in millions) Resources Ltd. ($) ($MM) ($MM) (Mlbs) ($/lb) NAV Stage Location Process Ur-Energy $0.76 $108 $143 42.5 $3.36

15. Slide 15: Laramide's US Hard Rock Project Portfolio Summary

    TSX/ASX: LAM Laramide’s US Hard Rock Project Portfolio Summary La Jara Mesa – Ambrosia Lake District, New Mexico La Sal – Lisbon Valley, Utah • Laramide Resources Mineral Resource Ltd.million pounds estimate of 10.4 • Toll-milling agreement with nearby White Mesa resource (NI 43-101): Mill (Energy F

16. Slide 16: Westmoreland: A Premier Asset in a Tier-1 Location

    Westmoreland: developing a premier Australian uranium project Westmoreland: A Premier Asset in a Tier-1 Location Geological Setting • Proterozoic uranium province Laramide covers DarwinResources to Mt Isa Ltd. • Sandstone hosted • Resource along 7km strike length • Mineralisation predominantly urani

17. Slide 17: Westmoreland Project Highlights

    TSX/ASX: LAM Westmoreland Project Highlights  Large Australian uranium Westmoreland is one of the 10 largest uranium deposits in Australia, and only deposit one in a handful in the world not under control of a major mining company Laramide Resources Ltd. Total resource of 51.9 million pounds of ura

18. Slide 18: Positive PEA on Westmoreland in 2016

    Moving Westmoreland into Development Positive PEA on Westmoreland in 2016 Key Highlights of the PEA • Laramide Initial capitalResources expendituresLtd. of US$268M plus US$49M contingency are estimated to construct the mine and a 2M tonne per annum (tpa) mill with a nameplate capacity of 4Mlb U3O8 p

19. Slide 19: Westmoreland 2016 PEA comparison to 2007 report

    Moving Westmoreland into Development Westmoreland 2016 Preliminary Economic Assessment comparison to 2007 report Units Updated Previous Production Laramide Resources Ltd. MMlb Annual Production 3.5 3.0 Total Uranium Recovered MMlb 45.8 34.0 Met. Recovery % 95% 90% Mine Life Years 13 11.3 C1 Cash Cos

20. Slide 20: Expansion of Australia's U3O8 industry in China and India

    TSX/ASX: LAM Expansion of Australia’s U3O8 industry in China and India  “CNNC eyes uranium projects in Kazakhstan, Canada and Australia” ~China Business Laramide Resources Ltd.  China has signed a free trade agreement with Australia; free trade deals with Japan and Korea and trade negotiations wit

21. Slide 21: Exploration Upside: Joint Ventures in the Northern Territory

    TSX/ASX: LAM Exploration Upside: Joint Ventures in the Northern Territory Outstanding exploration upside from JV strategy to Laramide control Resources most of the large Ltd. mineralised system along the Westmoreland trend including:  Laramide’s 100%- owned tenure on the Rio Tinto JV Queensland sid

22. Slide 22: Corporate Snapshot

    TSX/ASX: LAM Corporate Snapshot John Booth – Non-Executive Chairman Ticker (ASX1/TSX) LAM • Qualified lawyer (Ontario, NY and DC), 25 years experience as banker, Shares on Issue 93.7M broker and fund manager in global capital markets Laramide Resources106.5M Ltd. • Previously worked for firms includ

23. Slide 23: Laramide Management Team

    TSX/ASX: LAM Laramide Management Team Marc Henderson Marc Henderson has more than 25 years experience as a senior officer operating mining companies including CEO of President, CEO and Director (CFA) Laramide since 2005. Marc is the former President and CEO of Aquiline Resources Inc., which was deve

24. Slide 24: Summary: Why Invest in Laramide?

    Building a low-cost production portfolio Summary: Why Invest in Laramide?  Quality undeveloped projects, good grades, simple mining Laramide Resources Ltd.  Experienced management team with strong depth of expertise in developing and operating uranium mines including ISR  Large Australian uranium

25. Slide 25: Contact Info

    TSX/ASX: LAM Contact Info Marc Henderson Bryn Jones Westmoreland Laramide Resources Ltd. President and CEO Chief Operating Officer Phone (Toronto): 416 599 7363 Phone (Brisbane): (07) 3831 3407 Email: marc@laramide.com Email: bryn.jones@lcrpl.com.au Laramide Company Address The Exchange Tower 130 Ki

26. Slide 26: Technical Data Appendix

    Laramide Resources Ltd. TECHNICAL DATA APPENDIX 26

27. Slide 27: Summary of historical estimates of uranium mineral resources

    Over 60 million lbs of historical resource Summary of historical estimates of uranium mineral resources Title of Report Source of Report Historical Resource Tons Average Lbs. of U308 Clarification Grade % U308 Resource Estimate on Behre Dolbear & Co. Measured and Indicated N/A N/A 18.6 million Laram

28. Slide 28: Westmoreland Resource Estimate

    Moving Westmoreland into Development Westmoreland Resource Estimate* Category Deposit Tonnes Uncut Cut ktonnes Mlbs Laramide Resources Ltd. Indicated Redtree 12,858,750 0.092 0.090 11.6 25.5 Huarabagoo 1,462,000 0.092 0.083 1.2 2.7 Junnagunna 4,364,750 0.082 0.081 3.5 7.8 18,685,500 0.089 0.088 16.4

29. Slide 29: Church Rock Mineral Resource Estimate

    Church Rock Mineral Resource Estimate Laramide Resources Ltd. URI Church Rock Estimated In-Place Mineral Resources1 Millions of Pounds of U3O82 Sections Measured Resources3 Indicated Resources Measured and Indicated Total 8 T16N R16W 6.5 6.5 9 T16N R16W 1.43 2.34 3.7 17 T16N R16W 8.45 8.4 Total 1.4

30. Slide 30: Mancos Mineral Resource Estimate

    Mancos Mineral Resource Estimate URI Mancos Estimated In-Place Mineral Resources1 Laramide Resources Ltd. Indicated Resources Sections Millions of Tons Percent U3O8 Millions of Pounds 7 T16N R16W 0.93 0.11 2.1 12 T16N R17W 1.82 0.14 4.9 13 T16N R17W 2.5 0.09 4.3 Total 5.2 0.11 11.3 1. As of March 1,

31. Slide 31: Crownpoint Mineral Resource Estimate

    Crownpoint Mineral Resource Estimate URI Crownpoint Estimated Resources 1 Laramide Resources Ltd. Pounds U3O8 In-Place in Millions Section Indicated Resource2 9-17-13 2.8 24-17-13 12.53 Total 15.3 1. As of March 1, 2010. Technical Report on the Crownpoint Project of Uranium Resources Inc. Behre Dolb

32. Slide 32: Church Rock Section 8 Feasibility Study / Reserve Estimate

    Church Rock Section 8 Feasibility Study / Reserve Estimate URI Church Rock Section 8 Mineral Reserve Summary 1 Laramide Resources Ltd. GT Cut-off = 0.25 Classification In-place Recoverable2 Tons Grade U3O8 Pounds U3O8 Pounds U3O8 (Millions) (Millions) (Millions) (Millions) Proven 0.72 0.11 2.0 1.3 P

33. Slide 33: Resource Estimate: Strathmore Church Rock Property

    Resource Estimate URI Strathmore Church Rock Property Mineral Resource Summary1,2 Laramide Indicated Resources Ltd. Cut-off GT Tons Grade (%U3O8) Pounds (U3O8) Thickness (ft) 0.3 4,541,134 0.09 8,614,674 8.6 Measured 0.3 1,680,333 0.10 3,233,333 8.6 Measured and 0.3 6,221,467 0.10 11,848,007 8.6 Ind

Laramide Resources — Investor Presentation (September 2016) on 6ix