Slide 1: Building a low-cost uranium production portfolio
June 2018 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 anticipated nor its representatives or advisors make any warranty (express or in such information. These and all subsequent written and oral implied) as to the
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 & RIO TINTO CROWNPOINT PROJECTS FARM-IN & JOINT VENTURE In Situ Recovery Division. Northern Territory (Australia) WESTMORELAND New Mexico (USA) URANIUM PROJECT Northwest Queensland (Australia) LA SAL & LA JARA MESA PROJECTS Hardrock ass
Slide 5: Large scale, high quality U.S. & Australian projects
LARGE SCALE, HIGH QUALITY U.S. & AUSTRALIAN PROJECTS CHURCH ROCK PROJECT & LA SAL PROJECT & RIO TINTO FARM-IN & JOINT WESTMORELAND URANIUM CROWNPOINT PROJECT LA JARA MESA PROJECT VENTURE & 2 OTHER JVS PROJECT In Situ Recovery Division: Hard rock assets: Utah (USA) and Northern Territory (Australia)
Slide 6: Strategic objectives
STRATEGIC OBJECTIVES ISR AND HARD-ROCK PROJECTS Deliver a preliminary economic study on Church Rock United States Complete a NI 43-101 resource estimate on Crownpoint (satellite deposit) Obtain New Mexico Discharge Plan and renew NRC License at Church Rock La Sal project permits are being maintained
Slide 7: Corporate snapshot
CORPORATE SNAPSHOT PUBLICLY LAM (TSX); LAM (ASX1); LMRXF SHARE PRICE PERFORMANCE OF SELECT URANIUM TRADED (OTC) COMPANIES Since Cameco News, Nov. 8, 2017 180 Shares on Issue 114.8M 170 Fully Diluted 147.1M 160 Market Price (CAD)2 $0.35 150 140 Market Cap C$40M 130 Cash & CAD$3.5M Investments3 120 Lo
Slide 8: Our people
OUR PEOPLE MANAGEMENT TEAM BOARD OF DIRECTORS Marc Henderson John Booth Director, President & CEO Non-executive Chairman Laramide Chief Executive Officer since 2005; +25 years’ Qualified lawyer (Ontario, NY & DC), 25 years of experience as experience operating successful public mineral exploration b
Slide 9: Uranium market history
URANIUM MARKET HISTORY “The market rebalancing presently underway will almost certainly lead to future deficits and a dramatic improvement in the uranium price.” Laramide Resources Ltd.’s President and CEO Marc Henderson 140 LIMITED NEW MINE DEVELOPMENT 120 FUKUSHIMA 100 KAZATOMPROM US$/lbU3O8 80 CU
Slide 10: Supply-demand rebalancing point is near-term
SUPPLY-DEMAND REBALANCING POINT IS NEAR-TERM UNCOVERED UTILITY REQUIREMENTS 2017-2030 CURRENT AND FORECASTED URANIUM REQUIREMENTS 100,000 Tipping Point 50% 250 DEMAND / SUPPLY UNCOVERED Significant Supply Gap Starts 90,000 200 80,000 70,000 150 60,000 Million pounds 100 50,000 tU 40,000 50 30,000 0
Slide 11: 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 12: Church Rock Project's development
CHURCH ROCK PROJECT’S DEVELOPMENT 2018-2019 2017 PLANNED OPERATIONS Further Resource 1980s - 2016 LARAMIDE ACQUISITION AND INITIAL CONSOLIDATED CHURCH ROCK PROJECT Delineation: Upgrade and DEVELOPMENT expand the current Church Historical PERMITS & LICENCES Rock resource. Core will also Laramide Reso
Slide 13: Church Rock Project in Grants Mineral Belt, New Mexico
CHURCH ROCK PROJECT IN GRANTS MINERAL BELT, NEW MEXICO 13
Slide 14: Church Rock Project – 2018-2019 planned activities
CHURCH ROCK PROJECT – 2018-2019 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 15: La Sal Project
LA SAL PROJECT HIGHLIGHTS LOCATED IN HIGH-GRADE, LOW TITLE TRANSFER ADVANCED PERMITS WORLD-CLASS MINING COST 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 16: La Sal Project highlights
A SAL PROJECT HIGHLIGHTS peeeeeee eet taay Legend LASALCOMPLEX © URAVAN | % Track Etch Location i PANDORA : Survey Area COMPLEX % oe Detector Spacing . Disturbed Area (25-ft) I SUNDAY MINE COMPLEX MRIMMINE MoNTicELLO @ ae @ DOVER CREEK I @ BLANDING WHITE MESA MILL ews @satrvaxcerry 0 750 1,500 3,000
Slide 17: 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 pounds uranium contained in Statement was issued May
Slide 18: La Jara Mesa Project
LA JARA MESA PROJECT T navaionanion | 1 I i I ] | Bp my CROWNPOINT tr CHURCHROCK gS 5 w & 3 GALLOP @ © cHuRCH ROCK ! 1 LA JARA MESA : senneevcoun la ' Fewoacouty ! i H ' 4 | ! | oO 5 10.15 2025 a MILES } J j =| SANTAFE@ = // Nesusans/ . ~ \ NEW MEXICO / ( roman } iN ~ 18
Slide 19: 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 20: Westmoreland Project
WESTMORELAND PROJECT WESTMORELAND PROJECT 20
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: Low-cost production portfolio for increasing energy demand
LOW-COST PRODUCTION PORTFOLIO FOR INCREASING ENERGY DEMAND EASTERN EUROPE & RUSSIA 260.1 (-5.1) TWh WEST & CENTRAL 9.7 (-1.1) GWe EUROPE 818.7 (-18.5) TWh NORTH AMERICA 4.1 (+0) GWe 818.7. (-18.5) TWh Corporate Office 4.1 (+0) GWe La Sal Church Rock and Crownpoint La Jara Mesa ASIA 448.7 (+46.1) TWh
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 asset (previously held by a major) A Premier Investment Late stage ISR and Opportunity in Outstanding Westmoreland conventional uranium devel
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 in accordance with the Canadian regulatory requirements set out AND 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: Crownpoint historical estimated resources
CROWNPOINT HISTORICAL ESTIMATED RESOURCES 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. (the previous operator) Behre Dolbear & Company (USA) 2. A Douglas
Slide 28: 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 29: 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 30: Macro appendix
MACRO-APPENDIX 30
Slide 31: Nuclear power production
NUCLEAR POWER PRODUCTION Source: World Nuclear Association, IAEA Power Reactor Information Service (PRIS) 31
Slide 32: Nuclear reactors in operation, under construction and planned
NUCLEAR REACTORS IN OPERATION, UNDER CONSTRUCTION AND PLANNED TOP 10 COUNTRIES BY REACTORS (Operable, under construction, 505 planned proposed 1. China 240 2. USA 136 3. India 93 4. Russia 90 337 5. France 59 6. Japan 56 7. South Korea 35 8. Ukarine 28 162 162 149 9. UK 28 37 40 35 2 2 10. Canada 21