08:03 AM EST, 02/28/2025 (MT Newswires) -- Laramide Resources ( LMRXF ) on Friday said the latest mineral resource estimate for the Westmoreland Project in northwest Queensland, Australia, showed a 34% increase in indicated resources and an 11% increase in inferred resources, compared with the 2009 estimate.

The updated MRE now reports total indicated resource of 48.1 million pounds of U3O8 and Total Inferred 17.7 million pounds across four deposits, the company said.

"This updated MRE reiterates our long-held view that Westmoreland is a genuinely world class deposit. At 65-plus million pounds it ranks as one of the largest undeveloped uranium deposits in the world and has the potential to be a top 10 global uranium mine," said President and Chief Executive Marc Henderson.