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Laramide Resources Ltd

Publié le 25 août 2015

Laramide Retains Lycopodium for updated Westmoreland Scoping Study

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Mots clés associés :   Canada | Dollar | G Mexico | Hong Kong | Uranium | Utah |

Laramide Retains Lycopodium for updated Westmoreland Scoping Study

Listed (TSX:LAM; ASX:LAM)

TORONTO , Aug. 25, 2015 /CNW/ - Laramide Resources Ltd. ("Laramide" or the "Company") is pleased to announce that is has retained Lycopodium Minerals Pty Ltd, an Australian headquartered engineering and project management consultancy, to deliver an updated Scoping Study/Preliminary Economic Assessment (the "Study") on its Westmoreland uranium project ("Westmoreland" or the "Project") in northwest Queensland . The new study, which is well advanced and is expected to be published early in Q4 2015, is being prepared in anticipation of an improving environment in the medium to long term market for development stage uranium projects.

Laramide had previously published a scoping study in 2007 by Perth, Australia -based GRD Minproc but has since completed a material amount of additional exploration and development work including an updated NI 43-101 compliant resource estimate by Mining Associates which resulted in an upgrade of existing Inferred uranium resources to Indicated resources, and expansion of the resource base (see press release dated April 23, 2009 ).

Major Components of the new Study will include:

  • An updated mine plan to provide a mill feed rate of 2.0 million tonnes per annum and nameplate uranium production of 4 million pounds U3O8 per annum;
  • Updated costs for open cut operation and a change in tailings management philosophy to allow best practice, in pit tailings storage;
  • Updated process flowsheet to minimise footprint and improve reagent recycle;
  • Updated capital, operating costs and financial models;
  • Comprehensive metallurgical test work and process flowsheets completed by the Australian Nuclear Science and Technology Organisation (see press release dated July 27, 2011 );
  • Changes in Australian dollar, labor costs, fuel costs and other input costs;
  • Revised commodity price forecasts.

Lycopodium Minerals Pty Ltd. has been retained to lead the Study and is focused on design of the processing plant, site infrastructure and overall cost estimation. Lycopodium is an Australian headquartered engineering and project management consultancy which provides a complete range of services for the evaluation, development, implementation and optimisation of projects across a broad range of industries.

Knight Piésold is advising on best practice tailings management and design of in-pit tailings management system. Knight Piésold has extensive experience in siting, design, permitting, construction support, operational monitoring and closure of tailings and waste rock storage facilities for a wide variety of climatic and seismic conditions throughout the world.

Mining Associates, a specialist global geological and mining consultancy with offices in Brisbane and Hong Kong , is reviewing the mine plan and production schedules to allow in pit tailings management while maintaining a consistent plant feed rate.

A site visit to Westmoreland has been undertaken in July by both Lycopodium and Mining Associates to satisfy the requirements of NI 43-101.

Qualified Person

The technical contents of this release have been reviewed and approved by Bryn Jones , MMinEng, FAusIMM a Qualified Person under the definition established by National Instrument 43 101 and JORC. Mr. Jones is the Chief Operating Officer of the Company and a Fellow of the Australasian Institute of Mining and Metallurgy. Laramide has implemented a quality control program at Westmoreland to ensure best practices.

To learn more about Laramide, please visit the Company's website at www.laramide.com.

About Laramide:

Laramide is engaged in the exploration and development of high-quality uranium assets. Its wholly owned uranium assets are in Australia and the United States . Laramide's portfolio of advanced uranium projects have been chosen for their production potential. Its flagship project, Westmoreland , in Queensland, Australia , is one of the largest projects currently held by a junior mining company. Its U.S. assets include La Jara Mesa in Grants, New Mexico , and La Sal in the Lisbon Valley district of Utah . Its portfolio also includes joint venture, strategic equity positions and royalty participation in uranium development and exploration companies that provide additional geographic diversification and uranium exposure for shareholders.

Forward-looking Statements and Cautionary Language
This News Release contains forward looking statements which are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward looking statements. The Company does not intend to update this information and disclaims any legal liability to the contrary.

The Company advises the Scoping Study results and production targets reflected in this announcement are preliminary in nature as conclusions are drawn partly from Indicated Mineral Resources and Inferred Mineral Resources. The updated Scoping Study will be based on lower level technical and economic assessments, and is insufficient to support estimation of Ore Reserves or to provide assurance of an economic development case at this stage, or to provide certainty that the conclusions of the updated Scoping Study will be realised.

SOURCE Laramide Resources Ltd.

For further information: Marc Henderson, President and Chief Executive Officer, Toronto, Canada, +1 (416) 599 7363; Bryn Jones, Chief Operating Officer, Brisbane, Australia, P: (07) 3831 3407; Greg Ferron, Vice-President, Investor Relations, Toronto, Canada, +1 (416) 599 7363

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Données et statistiques pour les pays mentionnés : Canada | Hong Kong | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Hong Kong | Tous

Laramide Resources Ltd

EXPLORATEUR
CODE : LAM.TO
ISIN : CA51669T1012
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Laramide Res. est une société d’exploration minière d'argent et d'or basée au Canada.

Laramide Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont WESTMORELAND, LA SAL et LAGOON CREEK en Australie et GOLIATH, LA JARA MESA et LARA au Canada.

Laramide Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 26,5 millions CA$ (19,9 millions US$, 18,0 millions €).

La valeur de son action a atteint son plus bas niveau récent le 11 janvier 2002 à 0,01 CA$, et son plus haut niveau récent le 05 janvier 2007 à 9,07 CA$.

Laramide Res. possède 112 590 000 actions en circulation.

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Financements de Laramide Resources Ltd
06/01/2012Completes Second Tranche of Private Placement
30/12/2011Completes Previously Announced Financing
19/12/2011Announces Proposed Private Placement
Projets de Laramide Resources Ltd
21/04/2016(Westmoreland)Announces Positive Results from the Updated PEA on the Westm...
18/06/2012(La Sal)Receives Positive Record of Decision and Permit for its La S...
11/10/2011(La Sal)s permitting status on its La Sal Project
27/07/2011(Westmoreland)Reports Exceptional Westmoreland Metallurgy Results and Comm...
16/05/2011Concludes Binding Joint Venture Term Sheet with Rio Tinto on...
29/06/2010Clears Title to Advance Permitting its La Sal Uranium Projec...
02/10/2008(Westmoreland)Drilling Results at Westmoreland Continue to Meet or Exceed ...
17/09/2008(Westmoreland)Resumes Westmoreland Drilling on Schedule ; Highlights Posit...
02/09/2008(Westmoreland)Releases Further Drilling Results and Prepares for a Second ...
05/08/2008(Westmoreland)Completes First Phase of Drilling at Westmoreland...
26/06/2008(Westmoreland)First Phase of Diamond Drilling at Westmoreland
19/06/2008(Westmoreland)Intersects Gold Mineralization at its Westmoreland Uranium
26/05/2008(Westmoreland)Adds Third Rig at Westmoreland
24/04/2008(Westmoreland)Intersects 58 Metres @ 0.12 % U3O8 at Westmoreland
01/04/2008(Goliath)TREASURY METALS INTERSECTS HIGH GRADE GOLD AT GOLIATH
15/02/2008(Westmoreland)Announces Northern Territory Joint Venture Drill Results
17/12/2007Files Independent Technical Reports
30/04/2007(La Jara Mesa)Intercepts 13 Feet of 0.719 % U3O8 in La Jara Mesa Drilling
17/04/2007(Westmoreland)Receives GRD Minproc Scoping Study on its 100% Owned Westmor...
21/03/2007(La Jara Mesa)News Release - Laramide Resources Ltd.
Communiqués de Presse de Laramide Resources Ltd
08/06/2016Laramide Resources announces results of annual meeting of sh...
24/05/2016Laramide Resources Provides Update on Rio Tinto Exploration ...
21/04/2016Laramide Resources Announces Positive Results from the Updat...
08/04/2016Laramide Resources Executes Definitive Share Purchase Agreem...
23/01/2016Laramide Resources Files Supplement To Information Circular
31/12/2015Laramide Resources Closes C$5M Loan from Extract Advisors
24/12/2015Laramide Resources Closes $1.6 Million Private Placement
01/12/2015Laramide Resources Agrees to C$5M Loan from Extract Advisors
25/08/2015Laramide Retains Lycopodium for updated Westmoreland Scoping...
13/03/2015Laramide Resources Closes Equity Financing
08/10/2014Laramide Resources Announces Consolidation of Interest in th...
06/10/2014Laramide Resources Announces Airborne Geophysical Survey on ...
02/09/2014Laramide Resources Ltd. Announces Ownership Interest of Glob...
22/05/2014Laramide Resources Announces Results of Voting at Annual and...
22/05/2014Announces Results of Voting at Annual and Special Shareholde...
31/03/2014Laramide Resources Appoints Bryn Jones as Chief Operating Of...
13/09/2013Welcomes Queensland“Action Plan”
15/08/2013announces institutional funding transaction with The Lind
31/05/2013Announces Results of Voting at Annual and Special Shareholde...
28/05/2013Reminder–Laramide Resources–Annual and Special Meeting of
26/04/2013to commence trading on ASX
15/04/2013adopts advance notice policy
31/01/2013launches secondary offering and ASX co-listing
23/01/2013CEO Progress Report
22/05/2012(La Jara Mesa)Receives Draft EIS and Updates Permitting Status for La Jara...
26/03/2012Comments on the Queensland State Election
17/01/2012CEO Update
07/06/2011(Lara)Invite to Laramide's Annual General Meeting
12/08/2008ANNOUNCES DETAILS OF SPIN-OFF
26/06/2008Treasury Metals Files Preliminary Prospectus for Initial Pub...
03/06/2008ANNOUNCES PRICING OF EQUITY FINANCING
13/02/2008announces 10% ownership of Sierra Minerals Inc.
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