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Laramide expands Westmoreland uranium resource in Qld

3rd March 2025

By: Creamer Media Reporter

     

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Toronto-headquartered uranium developer Laramide has increased the mineral resource estimate (MRE) for its Westmoreland project in north-west Queensland, reporting a 34% increase in indicated resources and an 11% rise in inferred resources compared with its 2009 estimate.

The updated resource estimate now outlines a total indicated resource of 48.1-million pounds of uranium oxide (U3O8) and a total inferred resource of 17.7-million pounds across the Redtree, Huarabagoo, Junnagunna, and Long Pocket deposits.

“This updated MRE reiterates our long-held view that Westmoreland is a genuinely world-class deposit. At 65-million-plus pounds, it ranks as one of the largest undeveloped uranium deposits in the world and has the potential to be a top ten global uranium mine,” said Laramide president and CEO Marc Henderson.

Henderson noted that the project’s attributes supported a long-life mining operation, which could contribute to regional development in north-west Queensland while supplying the growing nuclear power industry.

“Moreover, we have identified extensions to mineralisation and targets in the mineral system, so have a clear line of sight to adding yet more pounds,” he said. “Building on a few years of significant effort and work, this update is a credit to our Australian exploration team and all contractors involved.”

Laramide aims to transition Westmoreland to a development phase, pending the support of Queensland’s new Liberal government, while continuing high-impact exploration to further expand the resource base.

Westmoreland is 100% owned by Laramide through its subsidiary Tackle Resources. The project comprises three contiguous exploration permits for minerals – EPM 14558, EPM 14672, and EPM 28807 – and a pending mineral development licence (MDL 2026).

Located about 380 km northwest of Mt Isa, the project has been subject to uranium exploration since the 1950s and hosts several mineral occurrences.

Edited by Creamer Media Reporter

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