Laramide's Westmoreland Project: A Uranium and Gold Bonanza in Queensland

Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF) has released further assay results from its successful 2024 drill campaign at the Westmoreland Uranium Project in Queensland, Australia. The results continue to demonstrate the project's potential to link the Huarabagoo and Junnagunna uranium deposits, as well as the presence of significant gold endowment within the mineralising system. These findings will be incorporated into the updated Westmoreland Mineral Resource Estimate (MRE), which is expected to be delivered later in Q1 2025.

The latest assay results from the 2024 drilling campaign at the Westmoreland Uranium Project have contributed to the ongoing update of the Westmoreland Mineral Resource Estimate (MRE). The results have demonstrated the potential to link the Huarabagoo and Junnagunna uranium deposits, as well as the presence of significant gold endowment within the mineralising system. These findings will be incorporated into the updated MRE, which is expected to be delivered later in Q1 2025. The updated MRE will include a Maiden Resource Estimate for Long Pocket and will be based on all the results from the 2024 drilling campaign. The results to date have supported the objectives of the 2024 drill program, including testing new areas for expansion, which has led to an appreciation of the size and scope of the deposit.

The Link Zone results are significant in expanding the overall resource size of the Westmoreland Uranium Project as they demonstrate the continuity of uranium mineralisation between the Huarabagoo and Junnagunna deposits. This continuity suggests that the two deposits may be part of a larger, connected mineralising system, which could potentially increase the overall size of the resource. The encouraging results from the Link Zone support the rationale for further testing of this zone, which could lead to an expansion of the known mineral resources. Additionally, the shallow and broad zones of mineralisation observed in the Link Zone highlight the considerable potential for expanding the uranium mineral resources.

The gold mineralization findings enhance the project's economics by adding a valuable byproduct to the uranium resource. This is evident in the assay results from the 2024 drilling campaign at Huarabagoo, where broad zones of gold mineralization were intercepted with grades up to 24.2g/t Au. The presence of gold in the mineralizing system, which was not previously considered in exploration work, presents a meaningful opportunity to enhance the project economics of these deposits. This is highlighted by Laramide's Vice-President of Exploration, Rhys Davies, who stated, "The uranium and gold grades at Huarabagoo are consistently impressive. As we continue to gather more data relating to gold in the system, it is becoming clear that historical exploration work did not include assaying for gold, which has left significant gaps in the data, and presents a meaningful opportunity to enhance the project economics of these deposits."

In conclusion, Laramide's Westmoreland Project continues to deliver impressive results, with the potential to link the Huarabagoo and Junnagunna uranium deposits and the presence of significant gold endowment within the mineralising system. The updated Westmoreland Mineral Resource Estimate, expected later in Q1 2025, will incorporate these findings and provide a more comprehensive understanding of the project's potential. The Link Zone results and gold mineralization findings highlight the considerable potential for expanding the uranium mineral resources and enhancing the project's economics. As Laramide continues to gather more data and test new areas for expansion, investors can expect to see further developments in the Westmoreland Project.