Laramide Resources Ltd. · TSX:LAM
Laramide Resources — Investor Presentation (September 2006)
28 slides from Laramide Resources's investor presentation, September 2006
Slide 1: Laramide Resources Ltd. September 2006
LARAMIDE RESOURCES LTD. SEPTEMBER 2006
Slide 2: Forward-Looking Information
FORWARD-LOOKING INFORMATION This presentation contains projections and forward looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risk
Slide 3: Laramide Resources Ltd. agenda
LARAMIDE RESOURCES LTD. • Corporate Overview • Why Australia? • Understanding Australia • Westmoreland & Northern Territory Projects • UEL Transaction • US and Other Assets • Business Plan 2006-07 • Investment Case for LAM (& Australia)
Slide 4: Capital Structure
CAPITAL STRUCTURE TSX: LAM Headquarters: Toronto, Canada Shares Outstanding: 50.4 Million Market Cap: CAD $ 287 Million Diverse Asset Portfolio: AUSTRALIA Uranium USA Uranium Canada Uranium, Au, Base metals Argentina Aquiline Resources China Alliance Pacific Mexico Cerro Colorado
Slide 5: Experienced Management
EXPERIENCED MANAGEMENT • CEO Marc Henderson 22 years public companies. • VP Exploration Peter Mullens, Geologist Corporate Development 22 years industry. • Advisory Board – Mike Connor Uranium Market Expert, Utility Buyer – John F. Cook Mining Engineer, former VP Operations LAC – Mersch Ward Mining
Slide 6: The World of Uranium Production Reserves
THE WORLD OF URANIUM PRODUCTION RESERVES “Saudi Arabia of Uranium” Canada Russia 28.8% 8% 13.3% 5.8% Niger 8.2% 2.0% Namibia Kazakhstan Australia 5% 9.2% 22.3% *World Nuclear Association 6.1% 18.5% 40.0%
Slide 7: Australia, Changing Political Landscape
AUSTRALIA, CHANGING POLITICAL LANDSCAPE • Change in Internal Australian Politics – Strong positive support by Federal Government – Political changes within Australian Labor Party – Labor supports uranium sales to China. – Australian domestic energy concerns • Global Warming Meets Global Energy Crisi
Slide 8: State Government Position
STATE GOVERNMENT POSITION Federal Government, currently Liberal: Jabiluka Controls Export Permits Pro - Uranium Mining Ranger Anti - Uranium Mining No Significant Uranium Deposit State and Territory WESTMORELAND Kintyre Valhalla Governments, currently Labor: Yeelirrie Control Olympic Dam Beverly Env
Slide 9: In the News...
IN THE NEWS… TIME Magazine: April 3, 2006
Slide 10: In the News...
LARAMIDE REESoTO UR REGCIESS [Erie IN THE NEWS... @ LABOR SHIFTS Bill Ludwig AWJU State Secretary, Queensland AWU leader has the numbers LABOR powerbroker Bill said the numbers suggested Ludwig last night declared he there may not need to be a vote had the numbers to overturn on the matter at the na
Slide 11: Australian Uranium Resources
AUSTRALIAN URANIUM RESOURCES (to 343,200) .100,000 ka ilu Jab 80,000 AND rge 17.4M tonnes@ 0.12% U3O8 TONNES rie Ran lir Yee REL 60,000 yre TMO Kint alla 40,000 rley WES Valh garra Beve mond rlek ungle moon Koon Olympic Dam Naba 20,000 Ben Lo Rum J Honey 0 Operating Proposed Former Mine Mine Mine
Slide 12: North Australia Uranium District
NORTH AUSTRALIA URANIUM DISTRICT .Regional Geology
Slide 13: Laramide Land Holdings
LARAMIDE LAND HOLDINGS 2,625 SQUARE MILES UNDER MANAGEMENT
Slide 14: Westmoreland
WESTMORELAND • Laramide holds 100 % of Westmoreland (506 square miles) • Unconformity proterozoic-style deposit. Similar geology to Athabasca Basin. • 46 million pounds of U3O8 in inferred category – 17.4 million tonnes at 0.12 % – JORC compliant, Not yet NI 43-101 compliant • Discovered in 1956 by
Slide 15: Project History: CRA / Rio Tinto
PROJECT HISTORY: CRA / Rio Tinto • Rio Tinto completed a Pre-feasibility Study including • 86,700 metres of exploration drilling, (including prev. drilling) • metallurgical studies. • resource calculations. (Jorc compliant but not reportable by Laramide). • Rio concluded – Potential for open cut and
Slide 16: Project History - Laramide
PROJECT HISTORY - Laramide • Acquisition from Tackle Resources (April 2004) • Northern Territory Land acquisition program initiated (Fall 2004) • Aboriginal access agreement negotiated with traditional owners (July 2005) • Westmoreland exploration permits (EPMs) granted, control 680,000 hectares (Se
Slide 17: Geology
GEOLOGY • Proterozoic unconformity sandstone hosted deposit. • High grade structural zones, plus lower grade disseminated zones of U3O8. • Occurs within sandstones adjacent to mafic dyke. • Similar in style and age to – Jabiluka and Ranger, Australia. – Athabasca Basin, Canada
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Slide 19: Radiometric Survey with Pipeline of Exploration Targets
RADIOMETRIC SURVEY WITH PIPELINE OF EXPLORATION TARGETS 12 PRIORITY EXPLORATION TARGETS – 6 OF THESE ARE NEW Westmoreland: 20,900 ton @ 0.12% U3O8 Redtree: Junnagunna: 10.2 m tonnes @ 0.126% U3O8 5.4 m tonnes @ 0.098% U3O8
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Slide 22: Uranium Assets USA
URANIUM ASSETS USA • Acquired 4 development stage projects from Barrick (Oct 2005); formed core of Homestake Mining’s uranium assets. • Homestake Mining was major producer of U3O8 from the mid-1950’s until 1985. • Homestake retained 4 key projects which have been divested by Barrick Gold. – All four
Slide 23: Uranium Assets USA
URANIUM ASSETS Soe ieie as USA Alinco GeoServices, inc. M. Hassan Alief March 2006 COLORADO Onenver Yravan Mineral Be EXPLANATION BB Uranium Basin Re Uranium Bet ® Mine Figure 1: Uranium Mineral Belts of the Colorado Plateau and Wyoming (after Rackey, 1976, p. 90); Laramide Resources Inc.
Slide 24: UEL Transaction
UEL TRANSACTION • UEL, formerly Bullion Minerals (BLN), holds uranium leases in Western Australia and Northern Territory. • AUD $3.0 million financing into UEL@15 cents per share – completed May 8, 2006 – Laramide with 15.6% of UEL, is its largest shareholder • UEL Management Team – Mark Chalmers, M
Slide 25: Business Plan 2006-07
BUSINESS PLAN 2006-07 Towards a Mid-tier Uranium Development Company AUSTRALIA: – Westmoreland: – Large scale drilling program for resource definition and expansion, initiate permitting – Complete 43-101 – Scoping study Q4 2006 – Northern Territory: First phase drill program (minimum 3000 metres) US
Slide 26: Uranium Boom in Australia
URANIUM BOOM IN AUSTRALIA Company Shares Price Market Cash Pounds (million) (AUD$) Cap $ (AUD$) U3O8 Summitt 188 0.95 178.6 m 8.5 m 40 m Toro 145 0.50 72.5 m 18 m Exploration Valhalla 120 1.00 120 m 6.3 m 40 m Alliance 218 0.24 52.3 m 18 m Energy 35 1.80 63 m 2.2 m Exploration Metals Nova 57 0.90 51
Slide 27: Uranium Boom in Australia
URANIUM BOOM IN AUSTRALIA LARAMIDE REESoTO UR REGCIESS LTD. ALLIANCE RESOURCES SUMMIT RESOURCES as of 13-Jun-2006 as of 13-Jun-2006 2.0 T T 0.5 T T 1.5P 4 0.47 4 1.0 0.3 . a vx ° > 0.0 1 1 Julo5. Sepos, Novo5, Jano6, Maro6. Mayo6, Julo5. Sepos, Novo5, Jano6, Maro6. Mayo6, e 10 e 415 & | S10b | a5 =
Slide 28: In Summary: Value Drivers
In Summary Value Drivers – 5 Ways to Win – Clarity on Development Path – Expansion of existing resource – New Discoveries – M&A – Uranium Prices
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