Laramide Resources Plans 15,000-Metre Drilling Programme in Kazakhstan

• 15,000-metre drilling programme across multiple targets using two local contractors with multiple rigs commencing Q4 2025
• Project located near major uranium operations including Cameco's Inkai and Orano's KATCO joint ventures
• Targets include uranium roll-fronts for in-situ recovery mining, plus copper and rare earth elements
• 12-month data compilation from Kazakhstan's National Geological Services completed
• Three-year option agreement covers 5,500 square kilometres through 22 mineral licences

Laramide Resources Ltd. (TSX: LAM, ASX: LAM, OTCQX: LMRXF) is a uranium mine development and exploration company with assets in the United States and Australia. The company holds uranium projects in jurisdictions with historical production or geological characteristics suitable for uranium deposits.

The company's portfolio includes two development projects described as late-stage, low-technical risk assets. Laramide has expanded operations to include exploration in Kazakhstan, where it holds rights to explore over 5,500 square kilometres of the Chu-Sarysu Basin targeting roll-front deposits suitable for in-situ recovery mining.

Kazakhstan Exploration Programme Initiation

Laramide compiled historical data over 12 months from Kazakhstan's National Geological Services with assistance from local geological contractors. The dataset includes historical mapping, drilling records, geophysics comprising seismic, electromagnetic, magnetic and gravity surveys, and geochemical data. The company submitted exploration work plans to the Ministry of Industry and Construction during 2025 and is finalising remaining permits for drilling activities.

The company selected two local drilling contractors to operate multiple rigs using rotary mud and diamond core drilling methods. Target depths range from 50 metres to between 400-550 metres. The contractors will complete a minimum of 15,000 metres of drilling across the licence areas.

Phase 1 drilling aims to determine whether roll-front hosted uranium mineralisation extends beyond existing known operations within the basin. The programme will also test for copper and rare earth elements across the target areas identified through the historical data review.

Chu-Sarysu Project Multi-Metal Potential

The Chu-Sarysu Basin is located in Kazakhstan's South Kazakhstan Oblast, in a country that produced almost 40% of global uranium oxide in 2024. The Chu-Sarysu and Syr Darya basins contribute more than 75% of Kazakhstan's uranium output. These basins host operational in-situ recovery mines including Inkai operated by Cameco and Moinkum-Tortkuduk operated by Katco.

The Chu-Sarysu Basin contains the Dzhezkazgan sediment-hosted copper deposit in the northern region. Rio Tinto, Fortescue, First Quantum and Ivanhoe are conducting exploration programmes across tenement packages within the basin. The project areas are prospective for uranium, rare earth elements and sediment-hosted copper deposits.

CEO Marc Henderson stated:

"This inaugural exploration program for Laramide in Kazakhstan is targeting high-grade, large-scale uranium deposits, amenable to cost-efficient and environmentally responsible in-situ recovery (ISR) mining, and within a district that already hosts infrastructure and producing operations."

The company's primary focus remains uranium, with copper and rare earth prospectivity providing additional exploration targets.

Option Agreement Structure

The Chu-Sarysu Project operates under a three-year option agreement with Aral Resources Ltd., a Kazakh company registered with the Astana International Financial Center. The agreement includes an option to extend for one additional year. Aral owns 22 mineral licences covering 5,500 square kilometres of the Chu-Sarysu sedimentary basin.

Laramide holds the right to acquire all outstanding shares of Aral during the option period, which would provide full ownership of the Chu-Sarysu Project. The company serves as exclusive operator during the option period and assumes responsibility for all operational and exploration expenses. Each licence has an initial term of up to six years with the option for one renewal of five additional years.

Under the agreement terms, Laramide can exercise the acquisition option at any time during the option period. The structure allows the company to conduct exploration activities and evaluate the project before committing to full acquisition of the underlying asset.

Next Steps

Drilling operations are scheduled to commence in Q4 2025 with the 15,000-metre programme targeting multiple areas within the licence package. The initial phase will focus on testing uranium roll-front mineralisation and evaluating copper and rare earth potential across the identified target areas.

Results from the drilling programme will determine the extent of mineralisation within the basin and guide future exploration activities. The company expects the programme to provide data on the project's mineral potential and inform decisions regarding the option agreement.

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