Paladin Energy Ltd · ASX:PDN
Paladin Energy — Macquarie Western Australia Forum 2021
32 slides from Paladin Energy's conference presentation, Dec 2, 2021
Slide 1: Paladin - Ian Purdy, Chief Executive Officer
PALADIN lan Purdy | Chief Executive Officer
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 requ
Slide 3: Paladin is Strategically Positioned
Paladin is Strategically Positioned PALADIN Advanced Exploration Advanced Exploration Namibia Advanced — Exploration Mine on Care & Australia v Maintenance Strategic footprint in the Ready to fuel global Set to become a top 10 Over 365Mlb of U30g world’s most attractive uranium mining jurisdictions
Slide 4: Paladin is a premium investment opportunity
aladin is a premium investment opportunity PALADIN Ready for restart Upside pathways Commercial strength A sustainable future + Proven operational track record at Langer Heinrich Mine (LHM) with over 43Mlb of U3Og delivered to customers Fully permitted to resume mining, processing and uranium export
Slide 5: Langer Heinrich Mine
Langer Heinrich Mine 75% Paladin ownership
Slide 6: Namibia location and jurisdiction
LEGEND rani NAMIBIA REPUBLIC OF SOUTH AFRICA PALADIN Globally significant uranium province (Husab, Rossing and Langer Heinrich) and a major supplier of the world’s uranium when at full capacity Uranium has been produced in Namibia since 1976 under a stable mining and uranium regulation regime Mining
Slide 7: Proven operational track record at Langer Heinrich Mine
Proven operational track record at Langer Heinrich Mine with over 43Mlb of U3Og, delivered to customers Fully permitted to resume mining, processing and uranium exports Well defined Mine Restart Plan provides low risk path to production and competitive economics Located ina proven premier uranium mi
Slide 8: Restart cost, life of mine cost and peak production
PALADIN Cost to Restart Life of Mine C1 Peak Operations Cost of Production Production Restart Capital Intensity? | |
Slide 9: Langer Heinrich Mine upside potential
Langer Heinrich Mine upside potential Paladin will now focus attention on delivering further upside at LHM, through concept studies for potential value enhancement opportunities, including: Increased Mine life extension Resource Further cost production rate for through resource expansion optimisatio
Slide 10: Exploration
Slide 11: Globally significant high grade exploration portfolio
PALADIN & Globally significant high grade exploration portfolio ) Extensive historical exploration activity has seen over US$140M spent on the portfolio — Wow Diverse portfolio of assets provides optionality on mining methods EN Langer Heinrich Mine operational infrastructure provides leverage Ci» a
Slide 12: Large tenement holding securing the most prospective ground
PALADIN + Large tenement holding securing the most prospective ground + Mineral Resource (M+l+1): 127.7Mlb at 860 ppm + USS75M of total historical in ground exploration + USS55M of historical in ground exploration + Emerging regional uranium ISR mining method province + Mineral Resource (M+l+1): 41.
Slide 13: Exploration focus and strategic pathways
Exploration focus and strategic pathways _* PALADIN Global portfolio Langer Heinrich Mine + Paladin’s current exploration focus includes: + Work plans are being established to extend + First principles review of proprietary mine life by: information comprising more than 30 years * Step-out drilling
Slide 14: Uranium Market
Slide 15: Structural supply deficit with growing demand
Structural supply deficit with growing demand Structural Supply Shortage, TradeTech Mlb U2Og p.a. Returning Mine Production Secondary Supply mmm Existing Production —Reactor Requirements (Base Demand) 250 200 ee : Wi 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 101 S a
Slide 16: Historic Term Contract Activity and Global Contracted Coverage
PALADIN Historic Term Contract Activity Global Contracted Coverage Mlb pa % of base requirements =Non-U.S. Utilities mU.S. Utilities 300 250 200 15 100 one TLL a 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 ry oe S&S ‘Source: UxC * Term contracting levels have been well below annual consum
Slide 17: Recent uranium market activity
Recent uranium market activity The Sprott Physical Uranium Trust has significantly changed the uranium Spot Market Dynamics + 22Mlb of physical uranium bought and sequestered + Impact of Sprott buying has tightened the spot uranium market and driven up the average spot price to ~US$46/lb in November
Slide 18: Conclusion
Slide 19: Nuclear and reducing carbon emissions
PALADIN Uranium mining and processing are critical components of the nuclear fuel cycle as they provide the raw material for producing clean, sustainable base-load electricity. With the growing global demand for electricity, and the targets for CO, emissions, nuclear energy will continue to play a k
Slide 20: About Paladin
Slide 21: Meet the Board and CEO
Meet the Board and CEO Cliff Lawrenson 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 co
Slide 22: The Executive Team
The Executive Team Anna Sudlow Chief Financial Officer Corporate finance professional with 25 years’ experience across the energy and resources sectors in senior management roles. Her experience includes funding execution, commercial management, accounting, finance and treasury in both the ASX liste
Slide 23: Langer Heinrich Mine historical performance parameters
Langer Heinrich Mine historical performance parameters FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 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 Produ
Slide 24: Life of mine production and C1 cost
PALADIN Mining & Stockpile Re-handling!:2 10.8 7) 700 : Processing & Maintenance 14.4 6 600 G&A and Other 2.2 Ltt | { 00 i Ci Cost of Production 27.4 i a Freight & Logistics 1.0 : 00 Capex? 3.2 : 00 Government Royalties+ 3% 1 00 Export Levy® 0.25% Excludes stockpile inventory adjustments byt ¥2 Y3 Y
Slide 25: LHM Ramp Up Phase
PALADIN KO Ramp Up Phase - Targeted reliability improvements will ramp up to deliver 95% runtime ; Mining Rate (total material movement Mt pa)? 0 27.0 0 + Processing medium grade i stockpile at 508 ppm grade Mill throughput (Mt pa) 3.5 5.4 5.5 i (from stockpile) (from stockpile) Mining Phase i Mill
Slide 26: Langer Heinrich processing plant
CO OPNAAAwWNo Primary Cyclones Leach Feed Surge Tanks Steam Injectors Thickener Feed Wells Tailings Dewatering Tailings Line NamWater Supply Swakop River Supply Centralised Control Room . Product Thickener Sodium Diuranate Overflow Filter . FRP Drying & Packaging . ROM Bin & Chutes . Scrubbers & Fee
Slide 27: Sustainability commitment
ustainability 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 a
Slide 28: Sustainability performance indicators
PALADIN 1,507 Lost Time Injury | 0 Reportable incidents 100% Permits in place 100% Achievement of 100% of Paladin The proportion of Free Days! in 2021 for leases, mining and Lead Safety Indicators workforce is local to women in roles in the export operations Paladin Group is 30%
Slide 29: Summary Updated Mineral Resources and Ore Reserves
Summary Updated Mineral Resources1 Summary Updated Ore Reserves1
Slide 30: Mineral Resources Table - Canadian Exploration portfolio
Mineral Resources Table — Canadian Exploration portfolio “_..? PALADIN Mlb Us\ Mineral Resources rade ppm U3Os (100% bi Measured Michelin! 17.6 965 37.6 65 Rainbow" 0.2 920 0.4 65 Indicated Gear? 0.4 770 0.6 65 Inda? 1.2 690 1.8 65 Jacques Lake! 13.0 630 18.0 65 Michelin! 20.6 980 44.6 65 Nash? 0.7
Slide 31: Mineral Resources Table - Australian Exploration portfolio
PALADIN Measured Valhalla’ 28.9 100 Indicated Andersons” 14 1,450 4.6 100 Bikini? 5.8 495 6.3 100 Duke Batman? 0.5 1,370 1.6 100 Odin? 8.2 555 10.0 100 Skalé 14.3 640 20.2 100 Valhalla! 18.6 840 34.5 100 Carley Bore” 5.4 420 5.0 100 Manyingee® 8.4 850 15.7 100 Inferred Andersons” 04 1,640 0.4 100 Bi
Slide 32: Contact details
Level 8 191 St Georges Terrace WA 6000 +618 9423 8100 ‘PALADIN Clean energy. Clear future. paladinenergy.com.au
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