Laramide Resources drilling update

Laramide Resources (ASX:LAM) has announced progress on its 2024 drilling program at the Westmoreland Uranium Project in Queensland. The focus has been on the Long Pocket deposit, revealing significant uranium mineralization in 29 out of 32 drill holes. High-grade zones were found at shallow depths, supporting resource enhancement goals.

Laramide Resources strategic outlook

Laramide Resources is making substantial progress with its 2024 drilling at the Long Pocket deposit, part of the Westmoreland Uranium Project. The recent drilling activities have identified significant uranium mineralization, with several high-grade zones at shallow depths. The mineralization remains open to the south, suggesting further potential for resource growth. The company plans to complete the current drilling campaign shortly and aims to release a Maiden Resource Estimation by Q1 2025. Laramide Resources continues to focus on advancing its uranium projects in Australia and the United States, leveraging their historical production and geological potential to strengthen its resource base and enhance mining economics.

Executive commentary on drilling results

The mineralization remains open and untested in a southerly direction, indicating further potential for resource expansion. The company plans to integrate these results into a Maiden Resource Estimation by Q1 2025.