Laramide Resources Updates Technical Report on Uranium Project
Overview of Laramide Resources Ltd.
Laramide Resources Ltd. (TSX: LAM, OTCQX: LMRXF) is dedicated to the exploration and development of high-quality uranium assets. Focusing on tier-one jurisdictions, Laramide boasts a portfolio made up of advanced uranium projects. These projects are strategically located in areas with historical mining or exceptional geological potential.
Recent Filing of Amended Technical Report
The Company has recently submitted an amended National Instrument 43-101 (NI 43-101) Technical Report under the title "Updated Mineral Resource Estimate and NI 43-101 Technical Report for Laramide's Westmoreland Uranium Project." This report was prepared by Addison Mining Services and now reflects more accurate and detailed information about the Westmoreland Project.
Purpose of the Amended Report
The amendments made to this report stemmed from a review by the Ontario Securities Commission. This filing addresses the previous reliance on a past Preliminary Economic Assessment (PEA) from April 2016, and ensures compliance with current disclosure regulations. Additionally, it focuses on rectifying descriptions relating to the properties held by the Company as well as the categorization of inferred mineral resources.
Implications of the Amendments
Importantly, the modifications do not introduce any material changes to the previously reported mineral resource estimates or conclusions. Instead, they are administrative in nature and aimed at enhancing clarity and accuracy in compliance with regulatory standards.
Company's Commitment to Exploration
Laramide is keenly focused on further enhancing its portfolio by assessing properties with high resource potential. The organization is aggressively exploring over 5,500 square kilometers in Kazakhstan's Chu-Sarysu Basin, seeking to discover valuable roll-front deposits suitable for in-situ recovery. This exploration underscores the company’s commitment to expanding its uranium asset base.
Leadership and Compliance
The amended report was reviewed and approved by senior executives within Laramide, demonstrating a commitment to high standards of governance and financial reporting. Moreover, Rhys Davies, a contractor to the Company, has provided crucial insights into mineral resource estimates, showcasing his expertise and qualifications as a member of the Australasian Institute of Geoscientists.
About Laramide Resources Ltd.
With a robust focus on developing high-quality uranium projects, Laramide is mapping out significant opportunities within the market. The company values transparency and regulatory compliance, ensuring stakeholders are well-informed about the strategic progress being made within its operations.
Frequently Asked Questions
What is the purpose of the amended Technical Report?
The amended Technical Report aims to correct previous disclosures related to properties and ensure compliance with current regulations.
What projects does Laramide Resources focus on?
Laramide primarily focuses on advanced uranium projects in tier-one jurisdictions with a strong track record of mining activities.
What is the significance of the Westmoreland Project?
The Westmoreland Uranium Project is vital for Laramide as it represents a key asset with significant resource potential.
Who approves the company’s announcements?
All news releases, including amendments and filings, are reviewed and approved by senior executive officers of the Company.
How does Laramide ensure compliance?
Laramide ensures compliance by adhering to standards set forth by the National Instrument 43-101 and engaging competent professionals for accurate reporting.
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