Laramide plans to drill 15,000 m at Chu-Sarysu

Executive Summary

• Laramide Resources plans to drill ~15,000 m in Kazakhstan’s Chu‑Sarysu basin in Q4 2025 to test for roll‑front uranium, copper and rare earths.
• The program is funded by Laramide as exclusive operator under a three‑year option agreement that gives it the right to acquire 100 % of Aral Resources Ltd., owner of 22 licences covering ~5,500 km².
• Drilling will be executed by two local contractors using rotary mud and diamond core rigs, targeting depths from 50 m to 550 m across multiple targets.

Key Details

• Drilling Scope: Approximately 15,000 metres total; minimum depth 50 m, maximum depth 400‑550 m.
• Timeline: Phase 1 drilling to commence in Q4 2025 (fourth quarter).
• Contractors: Two local Kazakh drilling contractors selected; multiple rigs will be deployed.
• Drilling Methods: Combination of rotary mud and diamond core drilling.
• Target Minerals: Primary focus on roll‑front hosted uranium; secondary targets include copper and rare earth elements.
• Permitting Status: Exploration work plans submitted to Kazakhstan’s Ministry of Industry and Construction in 2025; remaining permits being finalized.
• Option Agreement:
• Laramide holds a three‑year option (extendable by one year) to acquire all outstanding shares of Aral Resources Ltd.
• Acquisition would give Laramide full ownership of the Chu‑Sarysu project and its 22 licences.
• Each licence has an initial term up to six years, with a possible one‑time five‑year renewal.
• Operator Responsibilities: Laramine will act as exclusive operator, covering all operational and exploration expenses during the option period.
• Geological Context: Chu‑Sarysu basin contributes >75 % of Kazakhstan’s uranium output; hosts major ISR mines (Inkai, Moinkum‑Tortkuduk) and significant copper deposits (Dzhezkazgan).

Notable Quotes

“The Chu‑Sarysu basin project represents one of the great greenfield exploration opportunities globally… While uranium remains our primary focus, the project's copper and rare earths prospectivity adds an interesting dimension, offering additional upside potential.” – Marc Henderson, President & CEO, Laramide Resources Ltd.