Slide 1: Energy Today – May 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: Project Locations
Project Locations • Laramide’s projects are located in safe and stable jurisdictions with Westmoreland strategically located near China and the rest of Asia • Corporate Office • TSX Listed • La Sal, Utah China • La Jara Mesa, New Mexico • URI Royalty • Westmoreland, Queensland • 3 JV’s in Northern T
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: Capital Structure
Capital Structure Ticker LAM (TSX/ASX1) Shares on 73.2m issue Market price $0.75 (CAD)2 52 week $0.61-$1.54 range Market $55 million Capitalisation Enterprise $53 million Value Options 3.93m Laramide Corporate Structure Warrants 2.09m Laramide Resources Ltd Cash & (Canada) $6.0m Investments3 100% 10
Slide 7: 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 2007/1966 2008/1967 2009/1968 2010/1970 2011/1971 2012/1972 2013/1973 2014/1974 2015/1975 2016/1976 2017/1977 20
Slide 8: 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 • Laramide has a clear path to production commencing with La Sal in 2013/2014 • La Sal project is based within close proximity to the White Mesa Mill at Blanding Utah • Cash
Slide 9: Laramide Delivering on Important Milestones
Laramide Delivering on Important Milestones • Laramide completes dual-listed and capital raise on to ASX • The Uranium Mining Implementation Committee concludes, with certain adaptations, uranium mining could be restarted within the existing policy and legislative frameworks in place in Queensland a
Slide 10: 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 11: Australia's Uranium Deposits
Australia’s Uranium Deposits 11
Slide 12: Westmoreland – Location
Westmoreland – Location Westmoreland Laramide JV Projects 12
Slide 13: 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 14: 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 tota
Slide 15: 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 16: Westmoreland: A Robust Deposit with Resource Expansion
Westmoreland: A Robust Deposit with Resource Expansion 16
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 and
Slide 18: Westmoreland: Strategic Objectives
Westmoreland: Strategic Objectives 1. 2012 exploration program commenced in August at Westmoreland aimed 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 Ve
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: 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 22: 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 23: The Grants Mineral Belt, New Mexico
The Grants Mineral Belt, New Mexico
Slide 24: 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 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) Section 8 lease in the Churchrock area (6.5 million lbs U3O
Slide 26: 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 Fuel’s (formerly Denison) White Mesa mill with which Laramide has a milling agreement in place • Permits received including positive record
Slide 27: La Sal Project Overview
La Sal Project Overview • La Sal is a sandstone-hosted roll-front uranium deposit with a historical reserve of 2.7 million pounds of U3O8 (non-compliant with NI 43-101) • It was previously permitted and operated by Homestake Mining (a subsidiary of Barrick). • Can be moved into small scale productio
Slide 28: 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 of Buy FX Ltd., an online Foreign Exchange matching service which he co-founded in 1998. Mr. Booth is
Slide 29: 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 was past President and CEO of Aquiline Resources Inc., which was (CFA) developing the world-c
Slide 30: Value Drivers and Milestones
Value Drivers and Milestones Value drivers for Laramide over the next 12 months and timeline for 24 months will include: With the recommencement of uranium mining in Queensland’s, progression of the Westmoreland project will continue through the initiation of the permitting process Completion
Slide 31: 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