Paladin Energy Ltd · ASX:PDN
Paladin Energy — Shareholder Meeting (November 2013)
21 slides from Paladin Energy's shareholder meeting presentation, Nov 21, 2013
Slide 1: Langer Heinrich Mining Operation
Langer Heinrich Mining Operation 1
Slide 2: Annual General Meeting
Langer Heinrich Mining Operation Annual General Meeting 21 November 2013 John Borshoff – Managing Director/CEO
Slide 3: Disclaimer and Notes for JORC and NI 43-101 Mineral Resources and Ore Reserves
Disclaimer and Notes for JORC and NI 43- 101 Mineral Resources and Ore Reserves This presentation includes certain statements that may be deemed “forward-looking statements”. All statements in this presentation, other than statements of historical facts, that address future production, reserve or re
Slide 4: Presentation Outline
Presentation Outline Company Status and Highlights Paladin Supply/Demand Outlook Operations Update Outlook 4
Slide 5: Paladin – A Modern Uranium Company
Paladin – A Modern Uranium Company Uranium specialist with demonstrated achievements — employs 1800 staff and contractors — among top ten producers in the world — head office in Perth Mining — installed production capacity of 8.5Mlb U3O8 pa — operations in two climatic regions (arid zone and monsoon
Slide 6: Company Status and Highlights
Company Status and Highlights Health and safety — extended period of 5 star safety performance impacted by 2 fatalities — full review of all aspects of safety within the Group underway Improving operational performance — mines operating at record levels — production costs continue to trend lower — g
Slide 7: Presentation Outline
Presentation Outline Company Status and Highlights Paladin Supply/Demand Outlook Operations Update Outlook 7
Slide 8: Supply is the Real Issue Going Forward
Supply is the Real Issue Going Forward Uranium market remains subdued — short term supply surplus from excess enrichment capacity and Japanese inventory reduction — current uranium price and depressed financing environment pushing back already delayed projects — outside Kazakhstan, Paladin provided
Slide 9: Supply Deficit Certain even with Price Escalation
Supply Deficit Certain even with Price Escalation Supply/demand balance Widening deficits start in 2016 — under a moderate price increase scenario, supply deficit would be equivalent to 31Mlb pa by 2020 Current excess supply can mitigate initial future deficits through inventory buildup, but shortag
Slide 10: Presentation Outline
Presentation Outline Company Status and Highlights Paladin Supply/Demand Outlook Operations Update Outlook 10
Slide 11: Globally Diverse Project Pipeline
Globally Diverse Project Pipeline 11
Slide 12: Langer Heinrich Project Update
Langer Heinrich Project Update Three successful production capacity Actual Budget Actual expansions completed FY13 FY14 Sept’13 — 5.2Mlb with Stage 3 starting mid 2012 qtr — currently producing above budget — Sept quarter >5.7Mlb pa rate Ore processed 3.54Mt 3.65Mt 0.87Mt Ore feed grade 812ppm 753pp
Slide 13: Kayelekera Project Update
Kayelekera Project Update Production capacity of 3.3Mlb U3O8 pa Actual Budget Actual FY13 FY14 Sept’13 — operating at design post August planned shut qtr Ore 1.3Mt 1.4Mt 0.27Mt processed First modern resin-in-pulp (RIP) uranium Ore feed 1,143ppm 1,194ppm 1,264ppm processing facility grade Recovery 8
Slide 14: Production and C1 cash costs for last 2 years
Production and C1 cash costs for last 2 years Langer Heinrich Focus on corporate cost reductions — corporate overhead and exploration costs cut by US$10.8M, reduction of 24% over FY13 — discretionary capital expenditure reduced by US$12.4M Significant cost Kayelekera reductions and production optimi
Slide 15: Presentation Outline
Presentation Outline Company Status and Highlights Paladin Supply/Demand Outlook Operations Update Outlook 15
Slide 16: Re-engagement for a stake in Langer Heinrich
Re-engagement for a stake in Langer Heinrich Negotiations restarted to sell a minority stake in Langer Heinrich — initial process to sell minority interest in Langer Heinrich terminated early August — rejuvenated engagement with a prominent group of nuclear industry players — value expectations refl
Slide 17: What Paladin brings to the nuclear industry table
What Paladin brings to the nuclear industry table Demonstrated achievement building 2 uranium mines in 8 years De-risked operational performance at Langer Heinrich and Kayelekera Proven management and technical capability Langer Heinrich is a world class flagship project with 20+ years production Cl
Slide 18: Over the last 2 years the following has taken place
Over the last 2 years the following has taken place Raised US$200M in Uranium offtake prepayment Paid out the 2013 convertible bonds US$325M Reduced cash costs by $80M-$100M in FY2013 and FY2014 Reducing head office staff by 35% People forget we are one of only a small handful of companies to succes
Slide 19: Kayelekera Mining Operation
Kayelekera Mining Operation 19
Slide 20: Proxy Votes 2013 Annual General Meeting
Proxy Votes 2013 Annual General Meeting 1,562 proxies received representing 34% of the issued capital For Against Abstain Open usable* Excluded Votes Resolution 1 Remuneration Report 252,406,903 48,947,968 2,365,054 2,192,708 21,710,970** Resolution 2 Re-election of Rick Crabb 300,308,433 7,514,355
Slide 21: Paladin Energy Ltd
[PALADIN] XY LADIN ENERGY LTD 21