Laramide’s 2024 Drill Program Continues to Return Strong Results at the Westmoreland Project in Queensland, Australia, including Notable Gold Mineralisation

December 9, 2024

Highlights:

Results continue to demonstrate the potential to link the Huarabagoo and Junnagunna uranium deposits
- HJ24DD017 – 25.00m @ 393.64 ppm (0.04%) U₃O₈ from 15.00m,
  - including 1.00m @ 1,015.29 ppm (0.10%) U₃O₈ from 28.00m
  - and 1.00m @ 2,128.46 ppm (0.21%) U₃O₈ from 34.00m
- HJ24DD019 – 6.00m @ 1,177.43 ppm (0.12%) U₃O₈ from 87.00m,
  - including 4.00m @ 1,520.58 ppm (0.15%) U₃O₈ from 89.00m
Uranium mineralisation at Huarabagoo continues to deliver impressive results including:
- HB24DD010 – 15.60m @ 2,237.03 ppm (0.22%) U₃O₈ and 0.53 g/t Au from 68.40m,
  - including 1.00m @ 2,264.06 ppm (0.23%) U₃O₈ and 0.23 g/t Au from 70.00m
  - and 7.00m @ 4311.16 ppm (0.43%) U₃O₈ and 0.10 g/t Au from 76.00m
  - with highest intercept result of 1.00m @ 1.42% U₃O₈ and 0.01 g/t Au from 80.00m
Broad zones of gold mineralisation were also intercepted with grades up to 24.2g/t Au
- HB24DD008 – 19.00m @ 620.58 ppm (0.06%) U₃O₈ and 1.95 g/t Au from 48.00m,
  - including 2.00m @ 1,720.45 ppm (0.17%) U₃O₈ and 1.64 g/t Au from 57.00m
  - and 2.00m @ 2,202.16 ppm (0.22%) U₃O₈ and 12.39 g/t Au from 64.00m
  - with highest intercept result of 1.00m @ 2,299.44 ppm (0.22%) U₃O₈ and 24.20g/t Au from 65.00m
- HB24DD006 – 8.00m @ 1,449.86 ppm (0.14%) U₃O₈& 0.22 g/t Au from 36.00m,
  - including 1.70m @ 6,208.83 ppm (0.62%) U₃O₈ & 0.78 g/t Au from 37.60m.
New Exploration Permit (EPM 28807) granted adjacent to Westmoreland Project adding 327km²of highly prospective tenure in NW Queensland

TORONTO, Dec. 9, 2024 /CNW/ – Laramide Resources Ltd. (“Laramide” or the “Company”) (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), a uranium mine development and exploration company with globally significant assets in the United States and Australia, is pleased to announce another batch of assay results from the 2024 drilling campaign completed at the Westmoreland Uranium Project in Queensland, Australia (“Westmoreland”) and the receipt of a permit for exploration for a large land package immediately east of and adjacent to the current Westmoreland land tenure.

Results for 6 holes of 17 holes from infill drilling at Huarabagoo and for 11 holes of 27 holes drilled in the zone between the Huarabagoo and Junnagunna deposits have been received. The results demonstrate that uranium mineralisation is continuous along strike and potentially joins the two deposits. Furthermore, there is a significant gold endowment within the mineralising system.

Commenting on the results, Laramide’s Vice-President of Exploration Rhys Davies said:

“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.

“Furthermore, the shallow and broad zones of mineralisation observed in the Huarabagoo-Junnagunna link zone highlight the considerable potential for expanding the uranium mineral resources.”

Drilling across the broader Westmoreland Project was completed on the 4th of November and comprised 106 holes (includes 60 RC and 46 DD) for 11,263 meters, across multiple targets. Core processing continues, with announcements on assay results expected to continue into Q1 2025.

An updated Westmoreland Mineral Resource Estimate, which will include all results and include a Maiden Resource Estimate for Long Pocket, remains on track for early 2025.

Huarabagoo

The Huarabagoo deposit is located in the structural corridor between Redtree and Junnagunna and is included in the restated 2016 Westmoreland Mineral Resource Estimate¹. Seventeen diamond drill holes for a total of 1,827.16m, were completed in 2024. Laramide designed this program to test the extents of modelled mineralisation for both uranium and also for the gold associated with the intrusive dolerite dyke.

Significant results from the 2024 drilling confirm that both uranium and gold mineralisation are within and peripheral to the dyke margins (Figure 1) and along fault extensions, with multiple zones intersecting a similarly variable hematite-silicate-sericite altered sandstone.

_______________________

¹ https://laramide.com/projects/westmoreland-uranium-project/

Full Drill Collar details can be found here by clicking this link.

Huarabagoo-Junnagunna Link Zone

Drilling in the Huarabagoo-Junnagunna structural corridor is designed to test the mineralisation continuity between the two deposits with the intent to further increase the overall size of the resource. The program drill tested a system analogous to the Redtree Dyke system, and comprised of 21 RC holes for 3,096m, and 8 diamond drillholes for 1,124.10m, totaling 29 holes for 4,220.10m. The program was designed with three phases starting with an initial RC component (HJ24RC001 to HJ24RC013) to target the spatial extents for the Dolerite Dyke. The subsequent phases consisted of step out diamond drilling (HJ24DD014-HJ24DD021) to obtain structural measurements and establish structural controls and orientation of mineralisation the dolerite dyke system and fault zone extensions. The final phase consisted of RC drilling (HJ24RC014-HJ24RC021) to follow up on substantial downhole gamma results from earlier in the campaign.

NEW EXPLORATION PERMIT GRANTED

EPM28807 has recently been granted, adding 327 km² (32,700 hectares) to the exploration portfolio in northwest Queensland. This tenement is adjacent to and surrounding EPM14558 which contains the Westmoreland Project, increasing and securing our foothold in the region to grow our pipeline of exploration targets and resources. The permit hosts 7 known uranium occurrences and one gold occurrence and presents a substantial exploration opportunity with significant areas of prospective Westmoreland Conglomerate outcropping and under cover.

Qualified/Competent Person

The information in this announcement relating to Exploration Results is based on information compiled or reviewed by Mr. Rhys Davies, a contractor to the Company. Mr. Davies is a Member of The Australasian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’, and is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Davies consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.

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

About Laramide Resources Ltd.

Laramide is focused on exploring and developing high-quality uranium assets in Tier-1 uranium jurisdictions. The company’s portfolio comprises predominantly advanced uranium projects in districts with historical production or superior geological prospectivity. The assets have been carefully chosen for their size, production potential, and the two large development projects are considered to be late-stage, low-technical risk projects. As well, Laramide has expanded its pipeline with strategic exploration in Kazakhstan where the company is exploring over 5,500 km² of the prolific Chu-Sarysu Basin for world class roll-front deposits which are amenable to in-situ recovery.

Forward-looking Statements and Cautionary Language

This release includes certain statements that may be deemed to be “forward-looking statements.” All statements in this release, other than statements of historical facts, that address events or developments that the management of the Company expect, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “plans”, “projects”, “intends”, “estimates”, “envisages”, “potential”, “possible”, “strategy”, “goals”, “objectives”, or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Actual results or developments may differ materially from those in forward-looking statements. Laramide disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Since forward-looking information addresses future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, exploration and production for uranium; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; health, safety and environmental risks; worldwide demand for uranium; uranium price and other commodity price and exchange rate fluctuations; environmental risks; competition; incorrect assessment of the value of acquisitions; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations.

Table 1: Significant intercepts >100ppm U₃O₈
Hole number	From	To	Length (m)	U₃0₈ppm	Au g/t
HB24DD005	47	50	3	371.49	0.18
HB24DD005	55.4	63	7.6	162.71	0.03
HB24DD005	70	74	4	150.17	0.01
HB24DD005	103	111	8	102.27	0.01
HB24DD006	30	33	3	307.07	0.15
HB24DD006	36	44	8	1449.86	0.22
including	37.3	39	1.7	6208.83	0.78
HB24DD006	79	80	1	155.06	0.02
HB24DD007	60	76	16	2151.24	0.01
including	60	72	12	2816.22	0.01
HB24DD007	80	82	2	192.50	0.03
HB24DD007	86	87	1	121.46	0.01
HB24DD008	33	34	1	101.88	0.01
HB24DD008	40	42	2	222.28	0.02
HB24DD008	48	67	19	620.58	1.95
including	57	59	2	1720.45	1.64
and	64	66	2	2202.16	12.39
HB24DD008	73	74	1	190.44	0.23
HB24DD008	81	84	3	487.72	0.03
including	83	84	1	1084.86	0.04
HB24DD009	58	62	4	236.11	0.04
HB24DD009	76	77	1	116.27	0.01
HB24DD009	78	79	1	153.30	0.01
HB24DD010	15	17	2	574.86	0.15
including	15	16	1	1007.04	0.25
HB24DD010	33	41.3	8.3	336.50	0.08
including	40	41.3	1.3	1379.66	0.35
HB24DD010	44	47	3	1339.85	1.18
including	44	45.65	1.65	2191.03	0.96
HB24DD010	53.25	62	8.75	1115.03	1.44
including	53.25	56.1	2.85	2785.70	0.22
HB24DD010	68.4	84	15.6	2237.03	0.53
including	70	71	1	2264.06	0.23
and	76	83	7	4311.16	0.10
with^#	80	81	1	1.42 %	0.01
HB24DD010	88	89	1	131.48	0.01
HJ24DD014	25.55	27	1.45	180.42	0.01
HJ24DD014	79	80	1	310.13	0.01
HJ24DD014	125	126	1	113.20	0.02
HJ24DD015	95	96	1	321.92	0.40
HJ24DD015	101	103	2	191.03	0.10
HJ24DD015	133	135	2	1229.32	0.02
including	133	135	2	1229.32	0.02
HJ24DD016	69.35	73	3.65	772.12	0.12
including	69.35	70.15	0.8	1285.33	0.15
and	71	72	1	1044.77	0.14
HJ24DD016	76	87	11	229.76	0.02
HJ24DD016	104.4	106	1.6	130.89	0.01
HJ24DD017	15	40	25	393.64	0.01
including	28	29	1	1015.29	0.01
and	34	35	1	2128.46	0.01
HJ24DD017	48	49	1	128.53	0.01
HJ24DD017	51	52	1	142.68	0.01
HJ24DD017	68	69	1	114.85	0.01
HJ24DD017	72	78	6	161.69	0.01
HJ24DD018	21	22	1	277.11	0.01
HJ24DD018	29	32	3	477.18	0.01
HJ24DD018	106	115	9	770.03	0.05
including	111	113	2	2953.90	0.18
HJ24DD019	87	93	6	1177.43	0.04
including	89	93	4	1520.58	0.01
HJ24DD020	70	71	1	199.87	0.01
HJ24DD020	95.55	100	4.45	163.33	0.01
HJ24DD020	104	108	4	196.04	0.01
HJ24DD020	113	114	1	178.65	0.01
HJ24DD020	119	120	1	203.41	0.01
HJ24RC016	35	40	5	176.13	0.01
HJ24RC016	43	44	1	114.62	0.01
HJ24RC016	48	51	3	195.16	0.01
HJ24RC016	62	63	1	109.90	0.01
HJ24RC017	22	23	1	120.87	0.01
HJ24RC018	No significant intercepts to report
HJ24RC019	14	19	5	166.08	0.01

* Included intercepts are above >1000 ppm U₃O₈

^# intercept is above >1% U₃O₈

Table 2: Significant intercepts >0.1 g/t Au
Hole number	From	To	Length (m)	U₃0₈ppm	Au g/t
HB24DD005	47	47.7	0.7	233.48	0.51
HB24DD005	48.85	50	1.15	749.97	0.13
HB24DD005	55.4	56	0.6	244.09	0.10
HB24DD006	32	33	1	274.75	0.35
HB24DD006	37.3	39	1.7	6208.83	0.78
HB24DD006	43	44	1	341.97	0.21
HB24DD006	82	83	1	38.68	0.48
HB24DD006	86	87	1	58.25	0.43
HB24DD007	21	22	1	17.92	0.36
HB24DD008	48	51	3	343.34	0.46
HB24DD008	57	60.15	3.15	1220.21	1.10
including	57	58	1	2185.06	2.89
with	57.6	58	0.4	3631.94	5.96
HB24DD008	64	71	7	781.46	4.60
including	64	67	3	1733.42	10.60
with^#	65	66	1	2299.44	24.2
HB24DD008	73	74	1	190.44	0.23
HB24DD008	79	80	1	30.66	0.10
HB24DD010	15	16	1	1007.04	0.25
HB24DD010	40	41.3	1.3	1379.66	0.35
HB24DD010	44	62	18	778.72	1.34
including	44	47	3	1339.85	1.18
with	52	53.25	1.25	54.01	5.51
including	56.1	60	3.9	259.61	2.92
with	56.1	58	1.9	139.39	5.41
HB24DD010	70	71	1	2264.06	0.23
HB24DD010	73	77	4	855.21	1.97
including	74	77	3	1053.42	2.54
with	74	76	2	545.38	3.54
HJ24DD016	69.35	72	2.65	974.04	0.14
HJ24DD018	111	113	2	2953.90	0.18
HJ24DD019	43	44	1	4.36	0.41
HJ24DD019	88	89	1	841.95	0.15
HJ24RC019	108	109	1	45.75	0.21

* Included intercepts are above >0.5g/t Au; with intercepts above >1g/t Au

^# Intercepts exceed 20g/t Au

SOURCE Laramide Resources Ltd.

APPENDIX 1: JORC Code, 2012 Edition – Table 1 report
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	Commentary
Sampling techniques	· Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.	Diamond Drilling
	· Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.	Huarabagoo & Huarabagoo-Junnagunna Link
	· Aspects of the determination of mineralisation that are Material to the Public Report.	· Diamond drill holes utilised HQ3 (triple tube 61mm Ø) and NQ (standard tube drilling, 47.6mm Ø) drill core sizes
	· In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.	· Core loss was predominantly restricted to the top two meters from surface.
		· Core samples are ½ cut using core saw with ½ sample being retain for future reference or QAQC.
		· Generally, samples are taken at 1m intervals but in places sampling was defined by geological contact.
		· Samples are sent to ALS Laboratories Mt Isa or Townsville for Au assay via 50g fire assay with AA Finish (method Au-AA26), and multi-element assay via ICP-MS (ME-MS61) methods considered industry standard. Any additional sampling noted has been assayed via Au-AA23 to determine Au only zones.
		· High radioactivity samples were sent by Mt Isa prep lab to ALS Perth with any ore grade U analysed via XRF-30 method.
		· Certified QA/QC standards, blanks, field, and lab duplicates were inserted at nominal 1:20 or better intervals with samples in conjunction with laboratory duplicates and internal QA/QC
		· All sampling, assay and QA/QC procedures considered industry standard and/or best practice and appropriate for the style of mineralisation

		RC Drilling
		Huarabagoo-Junnagunna Link
		· RC drilling techniques returned samples through a 75-25 riffle splitter setup with sample return routinely collected in 1m intervals approximating 20-30kg of sample. 1m interval RC samples were homogenized and collected by a riffle splitter to produce a representative 3-5kg sub-sample. Where samples exceeded 5kg, these were subset to an acceptable sample size.
		· Across all drilling sampling is guided by geology, visual estimation of mineralisation & radioactivity defined by:
		· >350cps utilising handheld RS-125 SUPER-spec unit.
		· >350cps utilising the Auslog W450-1 Downhole gamma probe.
		· > 350 cps utilising the Reflex EZ-Gamma Downhole Gamma Probe.
		· Visual fluorescent mineralisation observed under UV light.

Drilling techniques	· Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit, or other type, whether core is oriented and if so, by what method, etc.).	Diamond Drilling
		Huarabagoo & Huarabagoo-Junnagunna Link
		· HQ3 DD core size includes the use of triple tube to ensure maximum sample recovery and core preservation to a maximum depth of 8.2m, and NQ Standard drilling was implemented to a maximum of 241.6m.
		· Sample recovery was overall excellent however zones of broken ground conditions limited full recovery and orientation in some zones.
		· Core was oriented via Reflex ACT III core tool where possible

		RC Drilling
		Huarabagoo-Junnagunna Link
		· The drilling is completed using a UDR650 multi-Purpose drill rig 350/1050 Compressor and 8V Booster.
		· Drilling diameter for the RC pre-collar portion is 5.5-inch RC hammer (face sampling bits are used)
Drill sample recovery	· Method of recording and assessing core and chip sample recoveries and results assessed.	Diamond Drilling
	· Measures taken to maximise sample recovery and ensure representative nature of the samples.	Huarabagoo & Huarabagoo-Junnagunna Link
	· Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	· HQ3 and NQ core are used, with careful drilling techniques, appropriate product use and short runs in broken ground to ensure maximum recovery and core preservation.
		· Recovery is carefully measured each core run at the rig, then using drillers blocks and double checking via on ground/core shed measurement through standard meter mark up and geotechnical logging (run recovery, breaks per meter, RQD etc.)
		· All data is continuously recorded and entered into a managed, cloud-based database (MXDeposit).
		· Samples are half (HQ and NQ) split via diamond core saw on site, apexing mineralisation to ensure representative sampling where possible.
		· Field cut duplicate samples are submitted as quarter cut samples, in these cases ½ core has been retained.
		· The sample size and sampling techniques are considered appropriate and industry standard practice for the style of mineralisation

		RC Drilling
		Huarabagoo-Junnagunna Link
		· For recent RC drilling no significant recovery issues for samples were observed.
		· Drill chips are collected in chip trays and are considered a reasonable representation of the entire 1 m interval.
		· Best practice methods were used for RC and DD coring to ensure the return of high-quality samples. Sample bias is assumed to be within acceptable limits.

Logging	· Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.	Diamond Drilling
	· Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.	Huarabagoo & Huarabagoo-Junnagunna Link
	· The total length and percentage of the relevant intersections logged.	· All diamond drilling is logged for geology in the field by qualified geologists with lithological and mineralogical data recorded for all drill holes using a coding system developed specifically for the project.
		· Primary and secondary lithologies are recorded in addition to texture, structure, colour, grain size, alteration type and intensity, estimates of mineral quantities, sample recovery, weathering and oxidation state, radioactivity plus geotechnical and structural logging is also conducted were possible.
		· Sampling details are also collected and entered.
		· Geological logging is qualitative in nature and considered appropriate for the level of detailed required.
		· All DD samples are photographed wet shortly after drilling and markup, labelled and filed for future record. Photos are also taken under a UV lamp to assist visual identification and distribution of mineralisation.
		· All holes are logged and entered into MX Deposit software – an industry leading integrated cloud-based logging/database system with built-in validation.

		RC Drilling
		Huarabagoo-Junnagunna Link
		· All RC holes have been geologically logged to industry standard for lithology, mineralization, alteration, and other sample features as appropriate to the style of deposit.
		· All chip samples are photographed wet shortly after drilling, labelled and filed for future record.
		· Observations were recorded in a field laptop, appropriate to the drilling and sample return method and is qualitative and quantitative, based on visual field estimates.
		· All chips have been stored in chip trays on 1m intervals.
		· 100 % of the samples have been logged.


Sub-sampling techniques and sample preparation	· If core, whether cut or sawn and whether quarter, half or all core taken.	Results pertaining to holes HB24DD001 to HB24DD004 from Huarabagoo and HJ24RC001-HJ24RC013 from Huarabagoo-Junnagunna Link Zone were released previously.
	· If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.	This release pertains to results for HB24DD005 to HB24DD010 from Huarabagoo and HJ24DD014-HJ24DD020 & HJ24RC016-019 from Huarabagoo-Junnagunna Link Zone.
	· For all sample types, the nature, quality, and appropriateness of the sample preparation technique.	Further additional sampling was completed for HB24DD003, HB24DD005, HB24DD007, HB24DD008 & HB24DD009 and has been assayed via Au-AA23 to determine Au only zones – these assays remain pending at time of release.
	· Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.	All remaining holes listed in Table 1 remain pending and will be provided in subsequent news releases.
	· Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling.
	· Whether sample sizes are appropriate to the grain size of the material being sampled.	Diamond Drilling
		Huarabagoo & Huarabagoo-Junnagunna Link
		DD Sampling and Sub-sampling
		· As prior sections
		· DD core (NQ or HQ3) was half-cored via diamond brick core saw with a maximum length of 1.3m for a representative sample of ~3-5kg weight.
		· Where nominated, field duplicates were processed as quarter cut core samples, cut by diamond brick saw with a maximum length of 1.2m.
		· Veins/mineralisation were apexed to ensure representivity where possible, retaining orientation lines
		· Broken/fissile core was sampled by paint scraper where possible.
		· Certified QA/QC standards, blanks, field and lab duplicates were inserted at nominal 1:20 or better intervals with samples in conjunction with laboratory duplicates and internal QA/QC.
		· All samples were double-checked for numbering, missing and data integrity issues prior to dispatch
		· No sampling issues were noted.
		· The sample and sub-sample size and sampling techniques are considered appropriate and industry standard practice for the style of mineralisation.
		DD Sample Preparation
		· Samples were prepared and analysed at ALS Mt Isa, Townsville, or Brisbane, with High radioactivity samples forwarded to ALS Perth for analysis.
		· Samples were dried at approximately 120°C with the sample then crushed using a Boyd crusher which crushes the samples to –2mm
		· The resulting material is then passed to a series LM5 pulverisers and ground to pulp of a nominal 85% passing of 75μm, typically with a 1-3kg sample size
		· The milled pulps are weighed out to 50g for Au analysis via fire assay (method Au-AA26 via AA Finish) and broad suite multi-element via ME-MS61 (four acid – ICP-MS). Any ore grade U is analysed via ME-XRF-30 method.
		· Field samples and laboratory samples and preparation techniques are considered appropriate and industry standard practice for the style of mineralisation.

		RC Drilling
		Huarabagoo-Junnagunna Link
		· RC drilling techniques returned samples through a 75-25 riffle splitter setup with sample return routinely collected in 1m intervals approximating 20-30kg of sample. 1m interval RC samples were homogenized and collected by a riffle splitter to produce a representative 3-5kg sub-sample. Where samples exceeded 5kg, these were subset to an acceptable sample size.
		· RC duplicate sub-samples were rifle split.
		· The remaining sample is retained in green plastic bags at the drill site and laid out in sequence from the top of the hole to the end of the hole until assay results have been received A sample is sieved from the reject material and retained in chip trays for geological logging and future reference and stored at the company’s base located at Hells Gate.
		· Certified QA/QC standards, blanks, field and lab duplicates were inserted at nominal 1:20 or better intervals with samples in conjunction with laboratory duplicates and internal QA/QC.
		Sample preparation
		· Samples were prepared and analysed at ALS Mt Isa, Townsville, or Brisbane, with High radioactivity samples forwarded to ALS Perth for analysis.
		· Samples were dried at approximately 120°C with the sample then riffle split and then passed to a series LM5 pulverisers and ground to pulp of a nominal 85% passing of 75μm, typically with a 1-3kg sample size
		· The milled pulps are weighed out to 50g for Au analysis via fire assay (method Au-AA26 via AA Finish) and broad suite multi-element via ME-MS61 (four acid – ICP-MS). Any ore grade U is analysed via ME-XRF-30 method. Any additional sampling noted has been assayed via Au-AA23 to determine Au only zones.
		· Field samples and laboratory samples and preparation techniques are considered appropriate and industry standard practice for the style of mineralisation.


Quality of assay data and laboratory tests	· The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.	Results pertaining to holes HB24DD001 to HB24DD004 from Huarabagoo and HJ24RC001-HJ24RC013 from Huarabagoo-Junnagunna Link Zone were released previously.
	· For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.	This release pertains to results for HB24DD005 to HB24DD010 from Huarabagoo and HJ24DD014-HJ24DD020 & HJ24RC016-019 from Huarabagoo-Junnagunna Link Zone.
	· Nature of quality control procedures adopted (e.g.. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e.. lack of bias) and precision have been established.	Further additional sampling was completed for HB24DD003, HB24DD005, HB24DD007, HB24DD008 & HB24DD009 and has been assayed via Au-AA23 to determine Au only zones – these assays remain pending at time of release.
		All remaining holes listed in Table 1 remain pending and will be provided in subsequent news releases.

		Diamond Drilling
		Huarabagoo & Huarabagoo-Junnagunna Link
		AND
		RC Drilling
		Huarabagoo-Junnagunna Link

		· The milled pulps are weighed out to 50g for Au analysis via fire assay (method Au-AA26 via AA Finish) and broad suite multi-element via ME-MS61 (four acid – ICP-MS). Any ore grade U is analysed via ME-XRF-30 method. Any additional sampling noted has been assayed via Au-AA23 to determine Au only zones.
		· Assaying techniques and laboratory procedures used are appropriate for the material tested and the style of mineralisation.
		· NORM samples were subset and analysed at ALS Perth.
		· Six blanks were investigated for potential contamination however deemed acceptable with <1% carry over after high level assessments.
		· Certified QA/QC standards, blanks, field and lab duplicates were inserted at nominal 1:20 or better intervals with samples in conjunction with laboratory duplicates and internal QA/QC.
		· Certified Reference Materials (CRMs) were sourced through OREAS Pty Ltd, with samples of a similar nature to uranium mineralisation and/or similar grade ranges to ensure representivity.
		· Laboratory analytical techniques are considered appropriate and industry standard practice for the style of mineralisation.
		· Sampling is guided by geology, visual estimation of mineralisation & radioactivity defined by:
		· >350cps utilising handheld RS-125 SUPER-spec unit.
		· >350cps utilising the Auslog W450-1 Downhole gamma probe.
		· > 350 cps utilising the Reflex EZ-Gamma Downhole Gamma Probe.
		· Visual fluorescent mineralisation observed under UV light.
		· No external third-party QA/QC reviews have been undertaken.
Verification of sampling and assaying	· The verification of significant intersections by either independent or alternative company personnel.	· No independent analysis of the historical results have been done at this stage of the project work.
	· The use of twinned holes.	· Field data is entered digitally using MX Deposit software which is an industry leading integrated cloud-based logging/database system.
	· Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	· Physical copies are retained and filed, and digital document control procedures are in place
	· Discuss any adjustment to assay data.	· Regular reviews and auditing of the database occur to ensure clean, tidy, and correct information
		· Several holes were twinned holes within the program where historical holes were drilled short, finished in mineralisation; and replaced historic drilling where sampling was poor or not assayed for Au.

Location of data points	· Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.	· Drill hole collar location data is initially captured with handheld GPS and subsequently collected at end of program via a Trimble DGPS, accurate to within 10cm.
	· Specification of the grid system used.	· Grid system used is GDA94 Zone 54
	· Quality and adequacy of topographic control.	· Downhole surveys were completed for all Laramide drill holes with a nominal 30m or better downhole spacing using Reflex Ez-Track camera tool or a Reflex North-seeking Gyro.

Data spacing and distribution	· Data spacing for reporting of Exploration Results.	· Location of drill collars presented.
	· Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	· No Mineral Resource or Ore Reserve estimations are being reported.
	· Whether sample compositing has been applied.	· No sample compositing has been applied.



Orientation of data in relation to geological structure	· Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.	Diamond Drilling
	· If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	Huarabagoo & Huarabagoo-Junnagunna Link
		· Mineralisation at Huarabagoo-Junnagunna is currently interpreted as a combination of generally flat lying, sandstone hosted uranium and steep, sub vertical zones with a close association with sub vertical, north-east trending, mafic dyke units.
		· All DD drilling is optimally oriented to ensure the most appropriate and most perpendicular intersection angle to mineralisation as possible with respect to available drilling locations. The drilling orientation is considered appropriate with the current geological information.
		· Bias is also reduced via apexing of mineralisation in drill core where possible.
		· Limited bias is interpreted.

		RC Drilling
		Huarabagoo-Junnagunna Link
		· Mineralisation at Huarabagoo-Junnagunna is currently interpreted as a combination of generally flat lying, sandstone hosted uranium and steep, sub vertical zones with a close association with sub vertical, north-east trending, mafic dyke units.
		· All RC drilling is optimally oriented to ensure the most appropriate and most perpendicular intersection angle to mineralisation as possible with respect to available drilling locations. The drilling orientation is considered appropriate with the current geological information.
		· Limited bias is interpreted.

Sample security	· The measures taken to ensure sample security.	· LCR chain of custody and sample security was ensured by staff preparation of samples into checked and zip-tied Polyweave bags transported by staff personnel direct to ALS Mt Isa.
Sample security	· The measures taken to ensure sample security.	· No issues were reported or identified
Audits or reviews	· The results of any audits or reviews of sampling techniques and data.	· No third-party audit or review of sampling data was conducted.

Laramide’s 2024 Drill Program Continues to Return Strong Results at the Westmoreland Project in Queensland, Australia, including Notable Gold Mineralisation

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