Laramide Resources Ltd. · TSX:LAM
Laramide Resources — Bell Potter Unearthed Natural Resources Virtual Conference 2023
28 slides from Laramide Resources's conference presentation, Feb 9, 2023
Slide 1: Investor Update
Investor Update TSX: LAM ASX: LAM Bell Potter “Unearthed Natural Resources Virtual Conference” For personal use only OTCQX: LMRXF February 2023 laramide.com
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 Exploration Target Size described in this presentation is conceptual in nature and should not be construed as a JORC compliant Mineral R
Slide 3: Moving Forward to Production: Investment Highlights
Moving Forward to Production INVESTMENT HIGHLIGHTS For personal use only High-quality assets located in geopolitically friendly jurisdictions: The U.S. and Australia Acquired for their size and production potential ● Late-stage, low technical-risk assets Churchrock/Crownpoint in the U.S. is a large,
Slide 4: Why Laramide?
Why Laramide? For personal use only Market valuation is attractive given: the resource size, multi-asset portfolio, and stage of development NRC license on principal U.S. asset • One outstanding State permit required – work in progress to complete Initial PEA underway on U.S. Project ● PEA completed
Slide 5: Uranium … at a Tipping Point?
Uranium … at a Tipping Point? For personal use only A large primary supply deficit was POTENTIAL GROWTH developing before COVID, before the energy crisis exploded, and before Ukraine. The Uranium market can support ESTABLISHED PRODUCTION multiple new entrants. SECONDARY PRODUCTION Growing friendline
Slide 6: Uranium and Nuclear Energy on the World’s Centre Stage
Uranium and Nuclear Energy on the World’s Centre Stage For personal use only 6 LARAMIDE RESOURCES LTD.
Slide 7: Corporate Snapshot
Corporate Snapshot TSX: LAM ASX:LAM OTCQX:LMRXF For personal use only Shares on Issue2 225,404,696 Fully Diluted 237,494,696 Market Price (CAD) 3 $0.50 Market Cap CAD$113M Cash & Investments4 CAD$9.0M 1. ASX CDIs are 1:1 into common shares and included in total Shares on Issue. 2. As at January 17,
Slide 8: Recent Activities
Recent Activities For personal use only Completed Drill Program at Churchrock • Supports PEA and final requirements for key State permit Completed Drill Program at Westmoreland (results pending) • Will provide support for larger follow up 2023 drill program Retained internationally accredited mining
Slide 9: USA Projects | New Mexico
USA PROJECTS | New Mexico Crownpoint For personal use only Inferred 5.1 Million Lbs.* ISR Portfolio and Hard Rock Assets in Historically Significant La Jara Mesa M+I: 7.2 Million Lbs.* Grants Mineral Belt, Churchrock Inferred 3.1 Million Lbs. New Mexico Inferred 50.8 Million Lbs.* Approximate map ar
Slide 10: Churchrock: A High-Quality, Production-Ready ISR Uranium Asset
USA PROJECTS | New Mexico Churchrock A High-Quality, Production-Ready ISR Uranium Asset For personal use only Low-cost mine methodology In-Situ Recovery (ISR) Seven sections of land in northern NM (> 4,160 acres) Mineral Resource defined 50.82 M lbs. (Inferred)* Infrastructure includes road access,
Slide 11: Churchrock: Project Details & Updates
USA PROJECTS | New Mexico Churchrock Project Details & Updates For personal use only Section 8 Feasibility Study1 completed by previous operator describes a low initial capital, staged ramp up This plan describes initial production of 1 million pounds per year, ramping up to 3 million pounds Laramid
Slide 12: La Jara Mesa
USA PROJECTS | New Mexico La Jara Mesa For personal use only 156 unpatented mining claims over 2280 The EIS process to permit the mine with the acres bought from Barrick Gold (successor to USFS was initiated but not completed in the last Restarting the Homestake Mining). cycle. final stages of 643 h
Slide 13: La Sal
USA PROJECTS | Utah La Sal For personal use only Located in Lisbon Valley, near Energy Fuels’ White Mesa Mills Small scale underground project Permits in hand to commence a bulk sample program (400-500Klb per annum) Previous owner, Homestake Mining Company developed a decline and a ventilation raise
Slide 14: Australia Projects: Cornerstone Assets
AUSTRALIA PROJECTS Cornerstone Assets Junnagunna For personal use only Amphitheatre with District Scale Potential Redtree WESTMORELAND MURPHY Huarabagoo Longpocket (Sue/Outcamp) MURPHY Radiometric Anomaly Mineral Resource Prospects Westmoreland Conglomerate N Westmoreland Project Murphy Project 14 L
Slide 15: Westmoreland Uranium Project
Simple mining – open cut with ore from surface Westmoreland Uranium Project Simple metallurgy – mild acid tank leach 51.9 million contained lbs U3O8 Strong mining history in the region For personal use only 15 LARAMIDE RESOURCES LTD.
Slide 16: Australia Projects: Scoping Resource
AUSTRALIA PROJECTS SCOPING RESOURCE: CUT-OFF 0.02% U3O8 Westmoreland Indicated: 36.0 M lbs U3O8 @ 0.09 Lowest Quartile Producer For personal use only Inferred: 15.9 M lbs U3O8 @ 0.08 Mining Method LOM Operating Cost: • Westmoreland is one of the largest undeveloped uranium deposits in Australia and
Slide 17: Westmoreland Amphitheatre
AUSTRALIA PROJECTS Westmoreland Amphitheatre Current Exploration Activities For personal use only on Identified Anomalies Drill program completed in July 2022 at Amphitheatre • Target is located ~16.5 km NE of Junnagunna deposit and expresses a radiometric anomaly • Was a subject of historical explo
Slide 18: Mineral Development Licence Application
AUSTRALIA PROJECTS Mineral Development Licence Application: For personal use only A mineral development license (“MDL”) will allow Laramide to retain its interests in the exploration ground and continue to evaluate the development potential of the defined Westmoreland Project mineral resource An MDL
Slide 19: Westmoreland - Huarabagoo
AUSTRALIA PROJECTS Westmoreland - Huarabagoo Exploration Upside and Expansion Potential For personal use only 2012 Drill Program Delivered Interesting Gold as well as Significant Uranium Results • Results confirm the technical merits of Westmoreland • Huarabagoo deposit area shows excellent potentia
Slide 20: Murphy Project: Consolidating the District
AUSTRALIA PROJECTS Murphy Project Consolidating the District For personal use only Strategic acquisition to control most of the large mineralised system along the Westmoreland trend The Murphy Uranium Province produced high- grade uranium during the 1950s; and has not seen any meaningful exploration
Slide 21: Murphy Project
AUSTRALIA PROJECTS Murphy Project Targets identified based on For personal use only extensive preliminary work completed to date. Extensive work completed by Rio Tinto and Laramide during JV phase Gravity Extensive Stream Sediment sampling Extensive and Gridded Soil sampling VTEM Geophysics work inc
Slide 22: Catalysts
For personal use only Catalysts Uranium Price Exploration Corporate Uptrend continues Churchrock and Drill M&A Activity towards PEA “incentive price” Results Visibility on Reduce valuation potential discount on Final Permit Queensland Production at New Mexico Project La Sal Assets 22 LARAMIDE RESOUR
Slide 23: For personal use only
Marc Henderson For personal use only President, CEO & Director LARAMIDE CORPORATE OFFICE TEL (TORONTO) The Exchange Tower 130 King Street West +1 416 599 7363 Suite 3680, PO Box 99 EMAIL Toronto, Ontario Canada M5X 1B1 info@laramide.com Ann Baines Director, Investor Relations TEL (TORONTO) +1 647 83
Slide 24: Management Team
Management Team For personal use only Marc Henderson Lloyd Jones David Thomas Dennis Gibson Director, President & CEO General Manager, Australia General Manager, U.S. Chief Financial Officer (CPA, More than 30 years experience Operations CGA) Laramide President and Chief working within the private a
Slide 25: Board of Directors
Board of Directors For personal use only John Booth Marc Henderson Jacqueline Allison Raffi Babikian Scott Patterson Non-executive Chairman Director, President & CEO Independent Director Independent Director Independent Directo Member of the Mr. Henderson has been Member of the Audit, Member of the
Slide 26: Global Mineral Resources
Global Mineral For personal use only CURRENT RESOURCES (NI 43-101 COMPLIANT)1 Resources Project Location Category Tonnes (M) U3O8 Grade (%) Contained U3O8 (M lbs) Cut-Off U3O8 (%) Measured & 18.7 0.09 36.0 0.02 Westmoreland Queensland, Australia Indicated Inferred 9.0 0.08 15.9 0.02 Grants Mineral B
Slide 27: Building a Sustainable Company: Laramide Project Pipeline
Building a Sustainable Company LARAMIDE PROJECT PIPELINE For personal use only CROWNPOINT CHURCHROCK LA JARA MESA LA SAL • ISR • ISR • Combined Measured + Indicated 60 miles from Energy Fuels’ • Inferred 5.1 mlbs @ 0.102% • Inferred 50.8 mlbs 7.2 mlbs @ 0.23% U3O8; Inferred White Mesa Mill U3O8* @ 0
Slide 28: Cautionary Statement regarding Mineral Resource Estimates
Cautionary Statement regarding Mineral Resource Estimates • Scoping Study for the Westmoreland Uranium Project, prepared in accordance with NI 43-101, entitled “National Instrument 43-101 This presentation uses the terms measured, indicated and inferred mineral Disclaimer Technical Report-Scoping St
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