Paladin Energy Ltd · ASX:PDN
Paladin Energy — Q3 FY2025 Earnings Presentation
30 slides from Paladin Energy's earnings presentation, Apr 23, 2025
Slide 1: March 2025 Quarter Presentation
March 2025 Quarter Presentation 23 April 2025
Slide 2: Important Notice
This presentation (Presentation) is dated 23 April 2025 and has been prepared exclude all liability whatsoever (including in negligence) for any loss or Foreign Estimates by Paladin Energy Ltd (the Company or Paladin) based on information damage which may be suffered by any person as a consequence o
Slide 3: A global uranium company with scale and growth
A global uranium company with scale and growth Proven developer Multi-decade Industry-leading Financial strength and uranium growth pipeline contract book and capital flexibility producer of projects with the largest with US$128M in with the Langer located in the best global nuclear energy liquidity
Slide 4: Production and growth pipeline
Production and growth pipeline Namibia – A leading Canadian Exploration portfolio uranium mining jurisdiction development hub in Australia and Canada Preliminary Economic Early-Stage Exploration Production Development Advanced Exploration Assessment (Athabasca Basin) Langer Heinrich Patterson Manyin
Slide 5: March 2025 Quarter
March 2025 Quarter
Slide 6: March 2025 Quarter Highlights
March 2025 Quarter Highlights • Despite the significant weather event, production for the quarter was LHM Summary (100%)1 Q3 Q2 Q1 YTD 745,484lb U3O8 at the Langer Heinrich Mine (LHM), representing a FY2025 FY2025 FY2025 FY2025 17% increase on the previous quarter and the highest level of quarterly
Slide 7: Cash & Investments
Paladin Cashflow Last six months • Unrestricted cash and short- 25 term investments of US$127.8M as at 31 March 81 166 2025, with undrawn debt facilities of US$50M -34 29 -9 -8 -3 128 • During the quarter, Paladin -7 -2 made the first scheduled 51 Net cashflow used in repayment (US$6.75M) of the ope
Slide 8: Langer Heinrich Mine Processing plant
Langer Heinrich Mine Processing plant The focus at the LHM FY2025 Tonnes Processed and Recovery Rate during the quarter has been on optimising the 950 95% feed blend and increasing Target overall recovery rate 902 throughput 900 90% 88% 88% 850 830 85% • Processed over 900k tonnes of ore in the quar
Slide 9: Langer Heinrich Mine Production and Sales
Langer Heinrich Mine Production and Sales FY2025 Production and Sales Paladin met all delivery 872 obligations in the quarter 743 640 623 638 • The LHM produced 745,484lb U3O8 during the quarter, a 17% increase on the previous 500 quarter’s production • Over 2Mlb U3O8 produced for the financial year
Slide 10: Impacts of March rain event on operations
Langer Heinrich Mine Impacts of March rain event on operations A one-in-fifty-year rainfall event occurred at the LHM and surrounding areas in March 20251 • The significant weather event caused disruptions at the LHM including: o suspension of operations o saturation of the stockpiles o impacts on t
Slide 11: Commencement of mining activities
Langer Heinrich Mine Commencement of mining activities Despite the disruption caused by the significant rain event, initial mining activities have commenced subsequent to quarter end • Mining was initially planned for pit G3A within the G-pit. This pit was flooded requiring extensive dewatering • An
Slide 12: Site Map Overview
Langer Heinrich Mine Site Map Overview New Tailings (TSF6) Current Tailings (TSF5) J Pit H Pit F Pit Processing Plant G Pit ROM Pad Stockpile 12
Slide 13: Near Term Mining Footprint
Langer Heinrich Mine Near Term Mining Footprint Current mining activity is focused Current Tailings (TSF5) on the G-pit Approximate G-pit boundary Processing Plant • The haul road network between the ROM and the G-pit is now re-established • Pit G3A is dewatered and drying in preparation for mining
Slide 14: Mining has commenced
Langer Heinrich Mine Mining has commenced Drilling and Blasting Load and Haul To be delivered • Drilling and blasting capacity • Load and haul underway • 2x Hitachi 2600s is on site • 7 Excavators, including • 12x 150t trucks • 4 Sandvik Di650i Leopard 3 Cat 6015 • Additional ancillary Drill Rigs •
Slide 15: Langer Heinrich Mine Sustainability
Langer Heinrich Mine Sustainability No significant safety incidents or reportable environmental incidents during the quarter, including in relation to the recent significant weather event • Enhancement of safety risk management processes and commission of a new emergency response vehicle • Ongoing e
Slide 16: Patterson Lake South Project Progress
Patterson Lake South Project Progress Important steps forward in delivering value from the PLS Project in just the few short months since acquisition of Fission • Exemption granted by the Canadian Government from the Non-Resident Ownership Policy for the PLS, allowing Paladin to maintain a 100% cont
Slide 17: Michelin Project Progress
Michelin Project Progress Winter drilling program being progressed • Winter drilling program conducted within a reduced radius from the Michelin deposit as part of a strategy to enhance the future operational potential of the Project by locating mineralisation areas within a reasonable distance of e
Slide 18: Australian & Canadian exploration portfolio
Australian & Canadian exploration portfolio Advanced • Mineral Resource: 126.8Mlb Measured and Indicated + 63.0Mlb Inferred Mount Isa Manyingee & Carley Bore exploration • Review of historical metallurgical test work • Mineral Resource: 106.1Mlb Measured and Indicated + 42.2 Inferred1 • Mineral Reso
Slide 19: Uranium Market Update
‘ ERE + t+ + ele. te |» PALADIN et + + ue Uranium Market
Slide 20: Uranium market returning to fundamentals
Uranium market returning to fundamentals Spot and term market volumes1 Spot and term pricing, last 5 years2 Spot Uranium Contract Volumes 120 Spot Term 275 Long-Term Uranium Contract Volumes 250 YTD Spot Uranium Contract Volumes YTD Term Uranium Contract Volumes 100 225 +158% Term (over the last 5 y
Slide 21: LHM's contract book leverages strong uranium market fundamentals
LHM’s contract book leverages strong uranium market fundamentals Near-term contract pricing mix (2025-30)1 12 offtakes secured with Tier-1 58% industry counterparties - 7 in US, Market-related 3 in Europe and 2 in Asia prices 22.3Mlb of U3O8 contracted to 2030 42% Base-escalated & fixed prices Our a
Slide 22: Outlook
Fos ie a ie ec i a Ge — PEE TALE Gee ee Poe a ed we ee ee ee en j = Et e+ tH HF + A had Le ceca Ge ee bt tt He He oe v oe ee e+ tet t tte et a
Slide 23: Delivering sustainable value
Delivering sustainable value Our mission is to resource a global, carbon-free future by contributing to the world’s clean energy supply through nuclear energy generation 04 Ongoing 03 Underway Embed Sustainable 02 Completed Deliver Development Returns and Exploration Establish a capital management 0
Slide 24: Appendices
\ "\ AY NN ‘i AS X tet tee + + 4 + ee i ee ee Par apetenl oe ae) ae ie Ge fe oe ie ie ee ee oe i Ae aaa) +e : ( Z wR te He He ‘ “ ike ies a i ea tet teeee bp pie oa es
Slide 25: Mineral Resources and Ore Reserves Langer Heinrich Mine
Mineral Resources and Ore Reserves Langer Heinrich Mine Summary Mineral Resources1 As at 30 June 2024 Millions of Tonnes Grade U3O8 Contained U3O8 Grade V2O5 Contained V2O5 Location Classification (Mt) (ppm) (Mlb) (ppm) (Mlb) In-situ open pit Measured 79.1 450 78.6 145 25.5 MG2 stockpiles Measured 5
Slide 26: Mineral Resources and Reserves Patterson Lake South Project
Mineral Resources and Reserves Patterson Lake South Project Summary Mineral Resources1 Notes: Millions of Tonnes Grade U3O8 Grade Au Contained U3O8 Contained Au Classification 1. CIM (2014) definitions were followed for Mineral Resources. (Mt) (%) (g/t Au) (Mlb) (koz) 2. Mineral Resources are report
Slide 27: Mineral Resources Summary Michelin Project
Mineral Resources Summary Michelin Project Mineral Resources Mlb U3O8 Paladin Ownership Canada Mt Grade ppm U3O8 (100% basis) (%)3 Measured Michelin1 17.6 965 37.6 100 2 Rainbow 0.2 920 0.4 100 Indicated Gear2 0.4 770 0.6 100 2 Inda 1.2 690 1.8 100 Jacques Lake1 13.0 630 18.0 100 1 Michelin 20.6 980
Slide 28: Mineral Resources Summary Australian exploration portfolio
Mineral Resources Summary Australian exploration portfolio1 Note: Values may not add due to rounding. Mineral Resources Mlb U3O8 Paladin Ownership 1 Refer Announcement (ASX:SMM) dated 19 October 2010 Australia Mt Grade ppm U3O8 (100% basis) (%) "Resource Upgrade for the Valhalla Uranium Deposit“ (re
Slide 29: Clean Energy. Clear Future.
Clean Energy. Clear Future. 29
Slide 30: Paladin Investor Relations
PALADIN INVESTOR RELATIONS Head Office Canada Paula Raffo Bob Hemmerling T: +61 8 9423 8100 T: +1 250-868-8140 E: paula.raffo@paladinenergy.com.au E: bob.hemmerling@paladinenergy.ca MEDIA Head Office Canada Anthony Hasluck Ian Hamilton Paladin Corporate Affairs FGS Longview T: +61 438 522 194 T: +1