Paladin Energy Ltd · ASX:PDN
Paladin Energy — Jefferies 6th Asia Forum 2025
22 slides from Paladin Energy's conference presentation, Mar 17, 2025
Slide 1: Jefferies 6th Asia Forum
Jefferies 6th Asia Forum 18 to 20 March 2025
Slide 2: Important Notice
This presentation (Presentation) is dated 17 March 2025 and has been exclude all liability whatsoever (including in negligence) for any loss or Foreign Estimates prepared by Paladin Energy Ltd (the Company or Paladin) based on damage which may be suffered by any person as a consequence of any inform
Slide 3: Clean Energy. Clear Future. 2024 was a defining year for Paladin Energy
Clean Energy. Clear Future. 2024 was a defining year for Paladin Energy… Restart of the Acquisition of A global uranium company Langer Heinrich Mine Fission Uranium Corp with scale and growth • Restart Project completed on time • All scrip acquisition completed in Proven developer and and within cos
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: Production: The Langer Heinrich Mine
Production: The Langer Heinrich Mine Ramping up production Priorities • Restarted commercial production in March • Advancing early commencement of 2024 after an extensive repair & mining phase with preferred mining refurbishment program and debottleneck of contractor selected existing plant • Comple
Slide 6: Development: Patterson Lake South (PLS)
Development: Patterson Lake South (PLS) One of the world’s largest near- Priorities Athabasca basin regional deposits surface, high-grade uranium projects • PLS is one of the Athabasca Basin’s only • Reviewing 2023 Feasibility Study high-grade undeveloped projects aiming at identifying areas for fur
Slide 7: Preliminary Economic Assessment: Michelin Uranium Project
Preliminary Economic Assessment: Michelin Uranium Project Large-scale potential Priorities project • US$75M of total historical in-ground • Scoping a Pre-Feasibility Study exploration including infill drilling (PFS) focusing on • Total Mineral Resource of 127.7Mlb at • Updated PEA which outlined a 8
Slide 8: Exploration: Australian & Canadian portfolio
Exploration: Australian & Canadian portfolio Advanced • ~190Mlb of Mineral Resource Mount Isa Manyingee & Carley Bore exploration • Preparation underway for scoping study at Mt Isa to review historical work including • Mineral Resource: 148.4Mlb at 680ppm1 • Mineral Resource: 41.5Mlb at 510ppm1 reso
Slide 9: Uranium Market Outlook
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Slide 10: Strong demand for nuclear energy driven by global decarbonisation and energy security
Strong demand for nuclear energy driven by global decarbonisation and energy security • Nuclear energy is the second largest source of global clean energy with almost zero carbon emissions1 • Nuclear energy provides nearly half of clean energy in the US2 • COP28 and COP29: 31 countries, including
Slide 11: 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 100 225 200 80 +142% Term (over the l
Slide 12: LHM's contract book leverages strong uranium market fundamentals
LHM’s contract book leverages strong uranium market fundamentals Pricing mix (% of Life-of-Mine production)2 offtakes secured with Tier-1 industry 12 counterparties - 7 in US, 3 in Europe and 2 in Asia 48% 39% 52% of life of mine production contracted 2025-2026 volumes largely contracted with a Unco
Slide 13: Outlook
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Slide 14: 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 15: Appendices
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Slide 16: Global Presence
Global Presence Dual listed ASX:PDN | TSX:PDN CANADA Market Cap1 PLS PROJECT CANADA DE V E L O P ME NT M ICHELIN A$2.7B A DV A NCE D E XP L O RA T I O N Available Cash2 M ANYINGEE & US$166M CARLEY BORE, WESTERN AUSTRALIA A DV A NCE D Undrawn Debt Facility2 E XP L O RA T I O N US$50M CANADA ATHABASCA
Slide 17: Mineral Resources and Ore Reserves Langer Heinrich Mine
Mineral Resources and Ore Reserves Langer Heinrich Mine Summary Mineral Resources1 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 5.3 510 6.0 165 1.9
Slide 18: 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 19: 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 20: 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 21: Clean Energy. Clear Future.
Clean Energy. Clear Future. 21
Slide 22: 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