Paladin Energy Ltd · ASX:PDN
Paladin Energy — Shaw and Partners Uranium Conference (February 2021)
26 slides from Paladin Energy's conference presentation, Feb 4, 2021
Slide 1: Paladin Energy presentation, February 2020
eS Saal fl p : i WN} FEBRUARY 2020
Slide 2: Disclaimer
PALADIN Disclaimer This presentation contains summary information about the Company's activities current as at the date of this presentation. The information in this presentation is of a general background nature and does not purport to. be complete or contain all the information investors would req
Slide 3: Investment highlights
PALADIN Proven 10-year track record of uranium production from Langer Heinrich with 43Mlb of U0, shipped to customers Fully permitted to resume mining, processing and uranium exports Long-life operation with competitive economics underpinned by Comprehensive Mine Restart Plan! Significant high-grade
Slide 4: Langer Heinrich location in Namibia
PALADIN ws ie me LEGEND ® Uren nine ES rtemationa airport Port — Henway Main Road === Reiway River Langer Heinrich Mine REPUBLIC OF ‘SOUTH AFRICA Globally significant uranium province (Husab, Rossing and Langer Heinrich) when at full capacity supplies ~12% of the world’s uranium 4 Uranium has been c
Slide 5: Langer Heinrich's proven production track record
Langer Heinrich’s proven production track record PALADIN Paladin own 75% of Langer Heinrich with 25% owned by CNNC Overseas Uranium Holdings Limited! ¢ First production from Langer Heinrich in 2007 with peak production of 5.6Mlbs in 2014 before operations suspended due to low uranium prices in 2018
Slide 6: Cost to Restart Operations
Cost to Restart Operations jer Heinrich Life of Mine C1 ~ Peak Cost of Production Z Production F I A Restart Capital Intensity? PALADIN
Slide 7: Mine Restart Plan production profile and capex
PALADIN Ramp Up Mining Phase Stockpile Phase 7 i - 700 6 ————— 600 500 00 00 00 : 100 Crushed (t) Production (tb) Millions ° an XN @ 5 a oT _<<<<———— A __ <<a. = R @ Yt: Y2 Y3 Y4 YS Y6 Y7 Y8iY9 Yi0 Yit Yi2 Yi3 Yi4 Y15 Y16 Yr: mmm Material Crushed (t) mmm U308 Production (lbs) Grade (ppm) Information
Slide 8: Continuing to optimise and de-risk the Mine Restart Plan
Continuing to optimise and de-risk the Mine Restart Plan The Company continues to advance the critical-path elements of the Langer Heinrich Mine Restart Plan’, including: . . . Optimisation of pit shells and improved pit design Updating the Mineral Resource model Engagement with mining contractor on
Slide 9: Globally significant high grade exploration portfolio
PALADIN C) Globally significant high grade exploration portfolio Global Exploration Project 203Mt at 710ppm U30g for 317.6Mlb Ix Low holding costs across the portfolio with long duration exploration E licenses Manyingee K Extensive historical exploration activity has seen over US$140m spent on ‘the
Slide 10: For personal use only
For personal use only • • • • • • • • •
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For personal use only
Slide 12: Langer Heinrich's proven uranium product
Langer Heinrich’s proven uranium product * PALADIN +’ 43Mlb U3Og successfully marketed over 10 Langer Heinrich Sales by Utility Sales by years Customer Group Region Delivered product aligned to feedstock specifications of global UF, conversion facilities operated by Cameco, Honeywell, Orano and CNNC
Slide 13: Structural supply deficit with growing demand
Structural supply deficit with growing dem World Nuclear Association - Supply Shortage Tonnes U 125,000 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 100,000 75,000 50,000 25,000 ° mmm Current Capacity Mines Under Development Prospective Mines Unspecified Supply Secondary Supplies (Gro
Slide 14: Future contracted coverage rates of US & European utilities
PALADIN Future Contracted Coverage Rates of US & European Utilities Contract coverage (% of total requirements) 120% 100% 80% 60% 40% 20% 0% 2020 2021 2022 2023 2024 2025 2026 2027 meee European Utilities Coverage 2019 (Euratom) —— US Utilities Coverage 2019 (EIA) ——= US Utilities Coverage 2020 (UxC
Slide 15: For personal use only
For personal use only
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• • • • For personal use only • • • • • • • • • • • •
Slide 17: For personal use only
For personal use only
Slide 18: Our ESG commitment
Our ESG commitment PALADIN Paladin is committed to the core principle of delivering value through sustainable development. Our Paladin Values support every decision we take. With these strong foundations, we can focus on achieving economic, social and environmental sustainability in balanced and suc
Slide 19: Paladin Corporate snapshot
Paladin Corporate snapshot Market Snapshot ASX: PDN A Supportive Shareholder Base? Shares on issue! 2.057B Geographic split Top 50 holders own 90% of shares Share price’ AS 0.33c Market capitalisation! AS 654M ‘Market capitalisation! USS 504M Unrestricted Cash USS 31.8M Debt’ USS 153.0M ‘ > Neg Aust
Slide 20: Meet the Board and CEO
Meet the Board and CEO Non-Executive Chairman : Mining executive with deep ») expertise in the minerals and energy sectors derived from global experience having worked :, extensively in project development ¥ and investment banking. A >) successful track record of leading : strategic direction in com
Slide 21: The Executive Team
The Executive Team » Chief Financial Officer Corporate finance professional with 25 years’ of experience cross the energy and resources ectors in senior management ‘oles. Her experience includes unding execution, commercial management, accounting, finance ind treasury in both the ASX isted and priva
Slide 22: Langer Heinrich historical production and costs
PALADIN Mining Rate (in-situ) Mt 27.8 21.6 20.2 24.6 7.6 0.0 Mill Throughput Mt 3.44 3.72 3.40 3.57 3.52 2.95 Mill Feed Grade ppm 812 783 768 699 610 475 Recovery % 86.0% 87.0% 87.6% 86.3% 87.7% 88.5% U30g Production Mlb 5.3 5.6 5.0 48 42 2.7 ©1Cost of Production USS/lb 30.0 27.7 29.0 25.9 18.9 26.2
Slide 23: Mineral Resources Table - Langer Heinrich
Mineral Resources Table — Langer Heinrich PALADIN Mlb U;0, Mlb U;0, Mlb U;0, Mlb U0, | Paladin ranium Mineral Resources! (100% Grade (100% Grade (100% (100% | Ownership SOppm U;0g cutoff basis) Mt ppm U,0, | __ basis) Mt ppm U,0, | basis) basis) (%) In-situ 66.2 490 719 18.8 435, 18.0 6.3 420 5.8 AS
Slide 24: Mineral Resources Table - Canadian Exploration portfolio
Mineral Resources Table - Canadian Exploration portfolio PALADIN 2 Mlb Us. Mineral Resources Mt Grade ppm UsOs 100% basis) Paladin Ownership (% Measured Michelin! 7.6 965 37.6 60 Rainbow? 0.2 920 04 60 Indicated Gear’ 0.4 770 0.6 60 Inde? 12 690 18 60 Jacques Lake! 13.0 630 18.0 60 Michelin! 20.6 98
Slide 25: Mineral Resources Table - Australian portfolio
PALADIN Finer Resources aT Grad om ta0e Mlb Us03 (100% basis) Paladin Ownership Measured Valhalla! 100 Indicated Andersons” 1.4 1,450 46 100 Bikini? 5.8 495 6.3 100 Duke Batman* 0.5 1,370 1.6 100 8.2 555 10.0 100 43 640 20.2 100 186 840 345 100 Carley Bore” 5.4 420 5.0 100 Manyingee® 8.4 850 157 100
Slide 26: Clean energy. Clear future.
For personal use only PALADIN Clean energy. Clear future. Level 4 502 Hay Street Subiaco WA 6008 +618 9423 8100 paladin@paladinenergy.com.au paladinenergy.com.au
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