Slide 1: Energy Today - August 2013
ENERGY TODAY
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
Slide 3: Investment Highlights
Investment Highlights Laramide is engaged in the exploration and development of high-quality uranium assets in Australia and the United States Laramide’s flagship project, the Westmoreland Project, is an advanced uranium exploration stage project located in Queensland, Australia and ranks as one
Slide 4: Laramide's Projects - Located in Safe and Stable Jurisdictions
Laramide’s Projects- Located in Safe and Stable Jurisdictions Mine Supply 2012 % 1. Kazakhstan 36.0 2. Canada 15.5 3. Australia 12.2 4. Niger 8.0 • Corporate Office 5. Namibia 7.7 • TSX Listed Secondary Supply* 24.0 • La Sal, Utah China • La Jara Mesa, New Mexico • URI Royalty • Westmoreland, Queens
Slide 5: World Energy Demand Is Growing
WORLD ENERGY DEMAND IS GROWING Mining and oil stocks build stockholder wealth primarily by building unhedged economic reserves in politically-secure regions of the world. Don Coxe, May 2012 5
Slide 6: Uranium and Nuclear Power – Demand and Supply Issues
Uranium and Nuclear Power – Demand and Supply Issues • Driven by growing energy demand “Global energy demand rises by over one-third in the period to 2035, underpinned by rising living standards in China, India & the Middle East” - World Energy Outlook 2012 • Translates to increased uranium demand D
Slide 7: Key Catalysts For U Equities – Laramide's Position in the Sector
Key Catalysts For U Equities – Laramide’s Position in the Sector • Recovery from Fukushima continues/ regulatory uncertainty. Applications for restarts started in July with approvals on restarts to follow Q4/Q1 • Uranium market remains subdued and is awaiting other catalysts: • General change of pub
Slide 8: China's forecast nuclear power capacity
China’s forecast nuclear power capacity (GW) 70 60 CHINA (Actual + Forecasted 2012-2020)- 50 construction and planned 40 only 30 USA (Actual 1966 to 1980) 20 10 CHINA (Actual 2007-2011) 0 2018/1978 2019/1979 2020/1980 2007/1966 2008/1967 2009/1968 2010/1970 2011/1971 2012/1972 2013/1973 2014/1974 20
Slide 9: Corporate Highlights in 2012
Corporate Highlights in 2012 1. Laramide completed dual-listing and capital raise on to Australian Securities Exchange; provides access to new pool of Asian/Australian investors and coincides with QLD’s favourable decision to recommence uranium mining 2. Queensland’s Uranium Mining Implementation Co
Slide 10: Capital Structure
Capital Structure Ticker LAM (TSX/ASX1) Shares on 73.2m issue Market price $0.60 (CAD)2 52 week $0.47-$1.10 range Market $44 million Capitalisation Enterprise $48 million Value Options 3.93m Laramide Corporate Structure Warrants 2.09m Laramide Resources Ltd Cash & (Canada) ~$4.0m Investments3 100% 1
Slide 11: Australia's Uranium Deposits
Australia’s Uranium Deposits 11
Slide 12: Recommencement of Uranium Mining in Queensland
Recommencement of Uranium Mining in Queensland • On October 22, 2012, the Queensland government announced the decision to recommence uranium mining in the state. This will have a profound impact on the permitting and development progress of Westmoreland • The State Government convened a Uranium Mini
Slide 13: Westmoreland – Location
Westmoreland – Location Westmoreland Laramide JV Projects 13
Slide 14: Westmoreland – Project Highlights
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 Total resource of 51.9 million pounds of uranium (U3O8): 36 million pounds Si
Slide 15: Westmoreland: Project Overview and History
Westmoreland: Project Overview and History • Westmoreland is currently one of the largest uranium deposits not controlled by a senior producer or utility • Laramide holds 100% of Westmoreland (993km2) • Total JORC/NI 43-101 compliant resource* of 51.9mlbs U3O8 Indicated 18.7 Mt @ 0.089% U3O8 total
Slide 16: Metallurgy Results and Project Economics
Metallurgy Results and Project Economics 2011 Metallurgical Results • In 2011, Laramide reported exceptional metallurgy 2007 Scoping study results results and commenced an updated Scoping Study Total Capital Costs A$317,514,000 • Very high uranium recoveries (up to 97%) were achieved with the use of
Slide 17: Westmoreland – Recent Exploration Results
Westmoreland – Recent Exploration Results 2012 Exploration Program Results • Program focused on the structural corridor connecting Huarabagoo and Junnagunna • Within the Huarabagoo deposit area and north of the resource • The current program successfully intersected new zones in both target areas an
Slide 18: Westmoreland – Strategic Objectives for 2013
Westmoreland – Strategic Objectives for 2013 1. Exploration program in 2H 2013 at Westmoreland Aim to increase overall resource size at Westmoreland; Initial drilling focused on corridor that connects the Huarabagoo and Junnagunna deposits 2. Initiate program on Rio Tinto – Murphy Joint Venture
Slide 19: Environmental Impact Baseline Program
Environmental Impact Baseline Program • Collection of more than 2 years of baseline environmental data was completed. • Allows Laramide to move quickly towards completing an Environmental Study (EIS), the first step in the application for permits to develop Westmoreland. 19
Slide 20: Joint Ventures in the Northern Territory
Joint Ventures in the Northern Territory Rio Tinto JV Rio Tinto JV Rio Tinto JV Rio Tinto JV 20
Slide 21: Rio Tinto – Murphy Joint Venture
Rio Tinto – Murphy Joint Venture The Murphy Joint Venture augments and enhances Laramide’s strategic landholding in a highly prospective and underexplored uranium province • Laramide has completed a Binding Farm-In and Joint Venture Term Sheet with Rio Tinto Exploration Pty Ltd. in which Laramide ca
Slide 22: Strategic Joint Ventures in Northern Territory
Strategic Joint Ventures in Northern Territory Laramide has entered into joint venture agreements as part its strategy to control large (total area 2,637 km2) mineralised systems in Australia adjacent to Westmoreland in the Northern Territory NuPower Lagoon Creek Joint • In 2005, Laramide’s 100% own
Slide 23: Four Corners Region and Grants Mineral Belt, New Mexico
Four Corners Region and Grants Mineral Belt, New Mexico Laramide’s U.S.A. assets include: • La Jara Mesa, New Mexico – permitting stage, high-grade resource • La Sal, Utah – milling agreement with EFR, significant infrastructure • Churchrock/Grants Royalty Portfolio, NM – includes the permitted Sect
Slide 24: U.S. Uranium Sector Consolidation – Repositions Laramide's U.S.A Division
U.S. Uranium Sector Consolidation – Repositions Laramide’s U.S.A Division • Resource Capital Funds (RCF) further consolidates New Mexico Projects with URI’s ISR/Conventional projects and Neutron’s hard rock projects • Energy Fuels’ acquisition of Denison’s U.S. mining division and planned acquisitio
Slide 25: U.S. Projects – Churchrock Royalty Overview
U.S. Projects – Churchrock Royalty Overview • Acquired royalty portfolio in the Grants District, New Mexico, from United Nuclear/GE in 2006 • Royalty covers several separate parcels of mineral leases including Uranium Resources Inc.’s (URI) ISR amendable Section 8 lease in the Churchrock area • URI’
Slide 26: U.S. Projects – La Jara Mesa Project Overview
U.S. Projects – La Jara Mesa Project Overview • La Jara Mesa is a sandstone-hosted roll-front style deposit • It is located in the largest historical uranium district in the United States, the Ambrosia Lake Mining District of the Grants Mineral Belt, Cibola County, New Mexico • The project is at the
Slide 27: U.S. Projects – La Sal, Utah
U.S. Projects – La Sal, Utah • La Sal is located in the Lisbon Valley Uranium District in San Juan County, Utah • It is located within close proximity to Energy Fuels’ White Mesa Mill with which Laramide has a milling agreement in place • Permits received including positive record of decision and ap
Slide 28: La Sal Project Overview
La Sal Project Overview • La Sal is a sandstone-hosted roll-front uranium deposit with a historical Homestake mineral resource estimate • It was previously permitted and operated by Homestake Mining (a subsidiary of Barrick). • Can be moved into small scale production now that the permit has been ob
Slide 29: Laramide's Projects fit into the Proposed Production Pipeline
Laramide’s Projects fit into the Proposed Production Pipeline Production Pipeline La Sal Church Rock La Jara Mesa Westmoreland • La Sal project is based within close proximity to the White Mesa Mill at Blanding, Utah • Cash flow from the Churchrock properties (UNC mineral royalties) currently owned
Slide 30: Board of Directors
Board of Directors John Booth Non-Executive Chairman Mr. Booth is a partner with Conservation Financial International, an FSA authorized, UK-based alternative asset manager. He is also the Chairman, Chief Executive Officer and Director of Midpoint Holdings Ltd., an online foreign exchange matching s
Slide 31: Laramide Management Team
Laramide Management Team Marc Henderson Marc Henderson has more than 25 years experience as a senior officer operating mining companies including President, CEO and Director CEO of Laramide since 2005. Marc is the former President and CEO of Aquiline Resources Inc., which was (CFA) developing the wo
Slide 32: Value Drivers and Milestones
Value Drivers and Milestones Value drivers for Laramide over the next 12 months and timeline for 24 months will include: Continued progression of the Westmoreland project through the initiation of the permitting process Leverage ASX listing and greater exposure in Australia/Asia Ongoing expl
Slide 33: Contact Info
Contact Info Marc Henderson Greg Ferron Westmoreland President and CEO VP, Corporate Development and IR Phone (Toronto): 416 599 7363 Phone (Toronto): 416 599 7363 Email: marc@laramide.com Email: greg@laramide.com Laramide Company Address The Exchange Tower 130 King Street West Suite 3680 PO Box 99