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Laramide Resources Ltd.


Laramide Resources Ltd. is a Canadian company engaged in the exploration and development of uranium assets based in Australia and the United States. The company provides investors with exposure to uranium assets through its portfolio of projects chosen for their production potential and location in safe, politically stable jurisdictions. These projects include Laramide's flagship Westmoreland, Queensland, Australia, and two development-stage assets, La Sal and La Jara Mesa, both located in the United States. The company has also entered into three Northern Territory joint ventures that border Queensland.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

The Mining Report Interview with Jeb Handwerger (3/18/14) "Laramide has one of the top resources with over 50 Mlb near surface in Australia, which has now overturned a ban on uranium mining in the district. Now Laramide can go ahead with that Westmoreland project. Laramide has one of the top advanced resources that provides huge leverage for an investor for the uranium price. For investors who are looking for leverage and for advanced assets, Laramide is a good candidate. There are very few candidates in the junior sector that have 100% control of such a large asset. Investors must realize that there are so few high-quality junior uranium miners. When investors and funds return, the move could be dramatic—like an elephant trying to get through the eye of a needle." More >

Sheldon Modeland, Edison Investment Research (2/25/14) "While Laramide Resources Ltd. is focused on advancing its flagship Westmoreland project, it could achieve a near-term cash flow following the commencement of production at its La Sal project in Utah and from its royalty agreement with Uranium Resources if it begins production at its Churchrock property. Small-scale production at the La Sal project could be launched now that permits have been approved and a toll milling agreement is in place with Energy Fuels' White Mesa processing facility; as visibility on the cash flow generation improves, the company might enjoy a valuation premium that the market normally attributes to producing assets."

Jeb Handwerger, Gold Stock Trades (2/5/14) "When Laramide Resources Ltd. brings Westmoreland into production, it could be one of the largest producers in Australia. The company could provide Asian nations and India with a stable, secure supply of uranium and not be dependent on Kazakhstan. . .I expect to hear positive developments and news coming out of both Laramide's Westmoreland and U.S. assets."

Jeb Handwerger, Gold Stock Trades (1/14/14) "Laramide Resources Ltd.'s Westmoreland project is probably one of the few world-class projects that could come into production in control of a junior miner on the North American exchanges. . .the asset has an NI 43-101 resource of over 50 Mlb near surface."

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David Talbot, Dundee Capital Markets (1/18/13) "Laramide Resources Ltd. and Energy Fuels Inc. announced this morning a toll milling arrangement for the 100%-owned and 3 Mlb U3O8 La Sal project and the White Mesa mill in Utah. This appears as a win-win for parties—Laramide significantly derisks La Sal, obtains access to mill, something that this project couldn't support on its own, and provides for near-term cash flow potential. . .the company has announced many positive developments recently, including this potential near-term cash flow of La Sal, excellent drill results from new areas at its 52 Mlb Westmoreland project and the Queensland uranium mining ban looks to have been lifted."

David Talbot, Dundee Capital Markets (1/9/13) "We continue to recommend Laramide Resources Ltd. as a Buy with a 12-month share price target of CA$2. The company announced very good drill results this morning from two of the three deposits at its flagship Westmoreland uranium project in Australia; Westmoreland remains, in our opinion, one of the world's best development projects at ~52 Mlb grading 0.089% U3O8."

David Talbot, Dundee Capital Markets (12/17/12) "Laramide Resources Ltd. has outperformed its peers this year as the Queensland uranium mining ban appears set to be overturned. Exploration at its 52 Mlb flagship continues to deliver, and La Sal and other U.S. assets have proven or may prove for near-term cash flow."

The Energy Report Interview with David Talbot (12/4/12) "We also like Laramide Resources Ltd., which has outperformed most of its peers over the past year. Its flagship is the 52-Mlb Westmoreland project in Australia. Recent drilling is starting to fill a 4km gap along the 7km-long trend of uranium mineralization, where higher-than-average resource grades are being returned. Just as importantly, uranium has been discovered for the first time on the east side of the Redtree Dyke, opening up significant additional potential.

Perhaps most important for Laramide is the news from Queensland that the uranium mining ban has been overturned. Laramide has also announced that its La Sal project, in the southwest U.S., is fully permitted and could potentially be put into production next year. The project is close to Energy Fuels' White Mesa Mill, where the company hopes to orchestrate a toll milling agreement. The company also has a royalty interest in the Church Rock deposit in New Mexico. It was able to sell forward some of that royalty; the remaining royalty is valued at somewhere between $15M and $75M, depending on uranium prices. This highlights how undervalued the stock is at this point." More >

David Talbot, Dundee Capital Markets (10/26/12) "Laramide Resources Ltd. provided an operations update for its La Sal project in Utah yesterday. . .the company has now gained approval from the state of Utah. This puts La Sal right into the pipeline, with potential for 2013 production. . .Westmoreland in Queensland remains the company's flagship project, and as the news that Queensland will reverse the uranium mining ban did wonders for the stock earlier this week, we begin to grow more enthusiastic about its prospects."

David Talbot, Dundee Capital Markets (10/22/12) "What looks like the impending reversal of the uranium mining ban in Queensland, Australia, is a strongly positive outcome for Laramide Resources Ltd. . .this is good timing, coming just days after some very positive exploration results were announced. The company is demonstrating that the 4–5km gap along its 7km Westmoreland Trend is mineralized, and for the first time significant uranium was hit on the east side of the Redtree fault/dyke; we expect this deposit to grow significantly and the potential reversal of the uranium mining ban would allow the company to move forward."

Michael Lovesey, Bell Potter Securities Ltd (9/27/12) "We view Laramide Resources Ltd.'s suite of uranium projects in Australia and the U.S. as a solid portfolio for growth and we anticipate the company could fill the gap left by M&A activity in the uranium space. . .Laramide is undertaking a large-scale drilling program at its flagship Westmoreland project in northwest Queensland and is poised for resource growth in CY/13."

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