Laramide Resources Ltd. · TSX:LAM
Laramide Resources — Investor Presentation (July 2019)
29 slides from Laramide Resources's investor presentation, July 2019
Slide 1: Building a low-cost uranium production portfolio
JULY 2019 Building a low-cost uranium production portfolio INVESTOR PRESENTATION TSX: LAM | ASX: LAM | www.laramide.com
Slide 2: Disclaimer
DISCLAIMER This presentation is provided on the basis that neither the Company Actual results and future events could differ materially from nor its representatives or advisors make any warranty (express or anticipated in such information. These and all subsequent written and implied) as to the accu
Slide 3: Well positioned today in uranium sector
WELL POSITIONED TODAY IN URANIUM SECTOR Laramide is a Canadian-based company with globally diversified and strategic uranium assets in the United States and Australia. Premier In Situ Recovery (ISR) division – Church Rock Project in New Mexico provides near-term production potential; valuation compa
Slide 4: Large scale, high quality USA & Australian projects
LARGE SCALE, HIGH QUALITY USA & AUSTRALIAN PROJECTS CHURCH ROCK & MURPHY URANIUM CROWNPOINT PROJECTS PROJECT In Situ Recovery Division. WESTMORELAND New Mexico (USA) Northern Territory (Australia) URANIUM PROJECT Northwest Queensland (Australia) LA SAL & LA JARA MESA PROJECTS Hardrock assets. Utah (
Slide 5: Large scale, high quality U.S. & Australian projects
LARGE SCALE, HIGH QUALITY U.S. & AUSTRALIAN PROJECTS CHURCHROCK/CROWNPOINT LA SAL PROJECT & MURPHY URANIUM WESTMORELAND PROJECTS LA JARA MESA PROJECT PROJECT URANIUM PROJECT In Situ Recovery: New Mexico (USA) Hard rock assets: Utah (USA) and Northern Territory (Australia) Northwest Queensland New Me
Slide 6: Strategic objectives
STRATEGIC OBJECTIVES ISR AND HARD-ROCK PROJECTS Deliver a preliminary economic study on Church Rock United States Completed: NI 43-101 resource estimate on Crownpoint (satellite deposit) (press release December 20, 2018) Obtain New Mexico Discharge Plan and update NRC License at Church Rock (current
Slide 7: Corporate snapshot
CORPORATE SNAPSHOT PUBLICLY TRADED LAM (TSX); LAM (ASX1); LMRXF (OTC) Shares on Issue 135M Fully Diluted 171M Market Price (CAD)2 $0.35 Market Cap C$47M Cash & Investments4 ~CAD$2.9M Loan Facilities3 US$4.5M Major Shareholders Mgmt/Directors own 11% Swiss based family office ~7% Extract and DSC ~5%
Slide 8: Our people
OUR PEOPLE MANAGEMENT TEAM BOARD OF DIRECTORS Marc Henderson John Booth Director, President & CEO Non-executive Chairman Laramide Chief Executive Officer since 2005; +25 years’ Qualified lawyer (Ontario, NY & DC), 25 years of experience as banker, experience operating successful public mineral explo
Slide 9: Recent key events in recovering uranium sector
RECENT KEY EVENTS IN RECOVERING URANIUM SECTOR Traders, producers Major Production buying large Curtailments volumes on market KazAtomProm listing ~25-35Mlbpa mined uranium cut in 2017/18 Includes new (~14% to 20% annual financial players demand) (Yellow Cake plc etc.) Rising Uranium Spot Price Japa
Slide 10: Uranium market history
URANIUM MARKET HISTORY “The market rebalancing presently underway will almost certainly lead to future deficits and a dramatic improvement in the uranium price.” Laramide Resources Ltd.’s President and CEO Marc Henderson 140 LIMITED NEW MINE DEVELOPMENT 120 100 3 US$/lbU3O8 80 2 60 4 40 1 20 0 2004
Slide 11: China progressively adopting nuclear with similar profile to U.S. build in the 1970s
CHINA PROGRESSIVELY ADOPTING NUCLEAR WITH SIMILAR PROFILE TO U.S. BUILD IN THE 1970s GWe Additional 70 2018-2020 Actual + Forecast reactors are (under construction or planned) planned in 60 China, including 50 some of the 40 world's most advanced, to 30 give a 4X 20 increase in nuclear 10 capacity t
Slide 12: Material market disruption underway
MATERIAL MARKET DISRUPTION UNDERWAY 2017 reactor consumption McArthur River/Key Lake Approx. 20% ? Corp., Yellow Cake, etc.) Physical fund purchases DOE barter suspension (Uranium Participation Further KazAtomProm Cameco purchases supply cuts Other reductions Langer Heinrich Trading House KazakAtom
Slide 13: Nuclear utility uncovered requirements
NUCLEAR UTILITY UNCOVERED REQUIREMENTS • Utility uncovered demand from 2020 is estimated to be up to 1.2Blb. • High price, long-term contracts signed prior to 2011 should roll off over next few years. CURRENT AND FORECASTED URANIUM REQUIREMENTS 100,000 Tipping Point 90,000 Significant Supply Gap Eme
Slide 14: Laramide's projects: right time, right cost, right jurisdiction
LARAMIDE’S PROJECTS: RIGHT TIME, RIGHT COST, RIGHT JURISDICTION A TOTAL OF 28 GLOBAL URANIUM COMPANIES WITH MARKET CAP MORE THAN $25MM (BLOOMBERG) Uranium Producers Uranium Developers Uranium Explorers Uranium Inventory Funds 7% 21% 10% Out of 18 uranium developers globally, Laramide Resources Ltd.
Slide 15: Developer resource comparison
DEVELOPER RESOURCE COMPARISON Excellent in-ground price leverage. Enterprise value to global resource/reserve base. 3.00 2.50 NexGen Berkeley 2.50 Laramide Resources Fission 2.00 Vimy Resources Deep Yellow Peninsula 1.50 GoViEx 1.00 Toro 0.50 0.00 ISR Peer Grade (%U3O8) Peer ISR Resources 60.6M Lbs
Slide 16: Church Rock Project
CHURCH ROCK PROJECT HIGHLIGHTS LARGE U.S. URANIUM SIGNIFICANT LOW COST NRC LICENSE AND EXPLORATION DEPOSIT RESOURCE1 RECOVERY2 PERMITTING UPSIDE The Project is a significant 2017 independent NI 43- Amenable to In-Situ Major permitting work Through the Resource uranium deposit with 101 Mineral Resour
Slide 17: Church Rock Project – near term planned activities
CHURCH ROCK PROJECT – NEAR TERM PLANNED ACTIVITIES COMMUNITY AND PROJECT DISTRICT PERMITTING DEVELOPMENT DEVELOPMENT Core leach–restoration study Exploration and core drilling Digitize Crownpoint Project – allow resource upgrade data Prepare Groundwater and expand resource Discharge permit applicati
Slide 18: La Sal Project
LA SAL PROJECT HIGHLIGHTS LOCATED IN HIGH-GRADE, LOW COST TITLE TRANSFER ADVANCED PERMITS WORLD-CLASS MINING PROJECT IN 2010 STATUS IN HAND JURISDICTION The La Sal Project has a Prior to Laramide’s title Previous operator Project permits for a bulk The La Sal Project is historic resource1 transfer i
Slide 19: La Jara Mesa Project
LA JARA MESA PROJECT HIGHLIGHTS SIGNIFICANT PERMITTING LOCATED IN FAVOURABLE METALLURGY RESOURCE1 UNDERWAY MINING JURISDICTION Total resource of 7,257,817 A Draft Environmental Impact Metallurgical studies exhibited La Jara Mesa is located within the pounds uranium contained in Statement was issued
Slide 20: Westmoreland Project
WESTMORELAND PROJECT HIGHLIGHTS LARGE AUSTRALIAN URANIUM SIGNIFICANT SIMPLE DEPOSIT RESOURCE1 MINING1 Westmoreland is one of the largest Total resource of 51.9 million pounds Westmoreland is intended to be an undeveloped uranium deposits in of uranium (U3O8): 36 million pounds open cut operation fro
Slide 21: Key PEA highlights on Westmoreland Project
KEY PEA HIGHLIGHTS ON WESTMORELAND PROJECT Initial capital expenditures 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 per annum; Total sustaining capital of US$58M over the Life of Mine (“LOM”); Cash
Slide 22: Northern Territory, Australia – Murphy Project
NORTHERN TERRITORY, AUSTRALIA MURPHY PROJECT HIGHLIGHTS Newly acquired Newly acquired DISTRICT SCALE EXPLORATION WORLD CLASS MINING JURISDICTION MURPHY ACQUISITION COMPLETED The Murphy Uranium Tenements (683 km2) The Northern Territory hosts several well Laramide has now completed the conditions pro
Slide 23: Why invest in Laramide?
WHY INVEST IN LARAMIDE? Enviable U.S. large-scale ISR project portfolio in New Mexico Highly leveraged to an improving uranium market Large Australian uranium assets (previously held by a major) A Premier Investment Late stage ISR and Opportunity in Outstanding Westmoreland conventional uranium deve
Slide 24: Contact info
CONTACT INFO LARAMIDE CORPORATE OFFICE TSX: LAM The Exchange Tower ASX: LAM 130 King Street West www.laramide.com Suite 3680, PO Box 99 Toronto, Ontario M5X 1B1 Canada Marc Henderson Bryn Jones Greg Ferron President and CEO Chief Operating Officer VP, Investor Relations & Corporate Development Phone
Slide 25: Qualified person and cautionary statement
QUALIFIED PERSON AND CAUTIONARY STATEMENT The technical information in this presentation has been prepared LA SAL - NATIONAL INSTRUMENT 43-101 DISCLOSURE AND in accordance with the Canadian regulatory requirements set out CAUTIONARY STATEMENT in NI 43-101. The information has been reviewed and appro
Slide 26: Church Rock resource estimate
CHURCH ROCK RESOURCE ESTIMATE Tonnage Grade Contained Metal Classification Sand Unit (Tons) (% eU3O8) (U3O8 lbs) Inferred Dakota Sandstone 632,000 0.115 1,452,000 Morrison Formation - Brushy Basin 64,000 0.147 189,000 Morrison Formation - Westwater Canyon (A Sand) 1,714,000 0.075 2,556,000 Morrison
Slide 27: Westmoreland resource estimate
WESTMORELAND RESOURCE ESTIMATE Category Deposit Tonnes Uncut Cut ktonnes Mlbs 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 36.0 Inferred Redtree 4,466,750 0.069 0.067 3.0 6.6 Huarabago
Slide 28: Westmoreland Preliminary Economic Assessment
WESTMORELAND PRELIMINARY ECONOMIC ASSESSMENT 2016 Preliminary Economic Assessment comparison to 2007 report Units Updated Previous Production Annual Production MMlb 3.5 3.0 Total Uranium Recovered MMlb 45.8 34.0 Met. Recovery % 95% 90% Mine Life Years 13 11.3 C1 Cash Cost LOM Avg. US$/lb 23.30 27.99
Slide 29: Laramide Resources Ltd.
Laramide Resources Ltd. Za
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