Paladin Energy Ltd · ASX:PDN
Paladin Energy — Shareholder Meeting (November 2024)
28 slides from Paladin Energy's shareholder meeting presentation, Nov 29, 2024
Slide 1: 2024 Annual General Meeting
2024 Annual General Meeting 29 November 2024
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Disclaimer guarantees of future performance and actual results or This Presentation contains market and industry data, Statement This presentation contains summary information about the Company’s activities current as at the date of this developments may differ expe
Slide 3: Paladin at a glance
Market Cap1 A$2.3B Available Liquidity2 US$110M Research Coverage Namibia Langer Heinrich Mine Production 1 As at 28 November 2024 2 As at 30 September 2024, US$55M in cash and US$55M in undrawn debt facilities. 3
Slide 4: Langer Heinrich Mine returned to commercial production on 30 March 2024
Langer Heinrich Mine returned to commercial production on 30 March 2024 4
Slide 5: Paladin Transformed
Paladin Transformed Financial flexibility Commercial Relationships and Projects in the three Implementation of Operational, with US$55M in cash production offtakes with top best Western uranium ESG reporting marketing, corporate and US$55M achieved and tier global nuclear mining jurisdictions protoc
Slide 6: Decarbonisation driving a structural shift in the uranium market
Decarbonisation driving a structural shift in the uranium market
Slide 7: 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 8: Uranium supply shortage due to under-investment
Uranium supply shortage due to under-investment Structural • 2024 supply-demand deficit of ~40Mlb1 Forecast Western Market Structural Supply Deficit supply-demand • New mine development required to meet Mlb U3O8 deficit base-case demand 250 • Global utilities have uncovered requirements of over 1Blb
Slide 9: Paladin's world-class offtake contract book
Paladin’s world-class offtake contract book leverages strong uranium market fundamentals Pricing mix (% of LOM production)1 10 ~50% offtakes secured of life of mine production with tier one industry contracted counterparties 50% 37% Uncontracted Market related prices ~87% Life of mine of life of min
Slide 10: Langer Heinrich Mine returned to production
Langer Heinrich Mine returned to production
Slide 11: Langer Heinrich Mine returned to production
Langer Heinrich Mine returned to production JUL 2024 LHM first customer shipment 2007-18 MAY 2018 JUL 2022 SEP2023 JAN2024 MAR2024 +10 years of Langer Heinrich Decision to Mining contractor First ore feed into Commercial production history Mine (LHM) restart LHM appointed for the LHM production with
Slide 12: Langer Heinrich Mine plant upgrades complete
Langer Heinrich Mine plant upgrades complete US$120M Restart Project allocated to plant refurbishment and debottlenecking to improve throughput, completed on time and within cost forecast Crushing Classification Leaching CCD & Ion Exchange Product Recovery • Crusher upgrades • Primary classification
Slide 13: The Langer Heinrich Mine is approximately eight months into a ramp-up
The Langer Heinrich Mine is approximately eight months into a ramp-up Paladin expects to achieve a production run rate LHM Summary (100%)1 YTD FY2025 of 6Mlb p.a. at the LHM by the end of CY20251 Tonnes Processed DT (million) 1.1 • The LHM had produced 826,346 lbs U3O8 in FY2025, as at Ore Feed Grad
Slide 14: Langer Heinrich Mine delivering uranium to customers globally
Langer Heinrich Mine delivering uranium to customers globally All customer delivery obligations to date have been met World class offtake contract book with 10 top tier industry customers 823,064 lbs U3O8 sold to global customers in FY2025, as at 31 October 20241 U3O8 shipped to all three western co
Slide 15: Langer Heinrich to be a top-10 uranium mine globally
Langer Heinrich to be a top-10 uranium mine globally 6Mlb p.a. 17 year ~4% Top 10 Production run rate expected to be Mine life, producing Of annual global Uranium mine by estimated achieved by the end of CY2025 77Mlb U3O81 uranium production2 production in 20262 20 18 Largest 16 14 Uranium 12 10 Min
Slide 16: Paladin's Global Growth Pathway
Paladin’s Global Growth Pathway
Slide 17: Paladin and Fission Transaction
Paladin and Fission Transaction All scrip acquisition Transaction Post completion of the transaction Paladin Transaction approved by Fission’s shareholders consideration represents of Fission Uranium Corp a 30.0% premium to shareholders will own and final court order ~76% of the combined obtained2 b
Slide 18: Paladin's globally significant, high-grade exploration portfolio
Paladin’s globally significant, high-grade exploration portfolio Exploration Projects Mineral Resources1,2 Over 440Mlb of Extensive historical high-grade mineral exploration activity resources providing a with over US$140M strong growth pathway previously spent 128.1Mlb 127.7Mlb Canadian assets loca
Slide 19: Langer Heinrich Mine Growth Priorities
Langer Heinrich Mine Growth Priorities Mine Plan Optimisation Exploration Drilling Plant Optimisation Reserve and Resource Expansion • Strong uranium prices deliver the • Vast majority of LHM reserves and • Medium term growth opportunities • ML140 has not been fully drilled potential to lower cutoff
Slide 20: Michelin Uranium Project Pre-Feasibility Study to commence FY2025
Michelin Uranium Project Pre-Feasibility Study to commence FY2025 Strategic project in premier uranium Substantial work PFS expected to be completed mining jurisdiction already completed during FY2026 • Strategic location for US utilities, close to Voisey • US$75M of total historical in-ground explo
Slide 21: Delivering Sustainable Value
Delivering Sustainable Value 21
Slide 22: Paladin's strategy for delivering sustainable value
Paladin’s strategy for delivering sustainable value 04 Future 03 Announced Embed Sustainable 02 Underway Growth via M&A Returns to Create a Clean Establish a capital management 01 Completed Deliver Development Energy Leader framework to drive sustainable value to shareholders and Exploration Paladin
Slide 23: About Paladin
~\ | PALADIN About Paladin
Slide 24: ESG Roadmap
ESG Roadmap Paladin has developed a three-year roadmap to continually improve the quality and relevance of its ESG reporting as new regulations and stakeholder requirements evolve YEAR 3 - FY2026 Key developments planned for ESG • Full reporting in line with ASRS (Paladin expected to fall within Gro
Slide 25: Mineral Resources and Ore Reserves Langer Heinrich
Mineral Resources and Ore Reserves Langer Heinrich 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 In situ -open pit Indicated 23.5 375 19.5 120 6.
Slide 26: Mineral Resources Summary Canadian exploration portfolio
Mineral Resources Summary Canadian exploration portfolio Mineral Resources Mlb U3O8 Paladin Ownership Canada Mt Grade ppm U3O8 (100% basis) (%)3 Measured Michelin1 17.6 965 37.6 100 Rainbow2 0.2 920 0.4 100 2 Indicated Gear 0.4 770 0.6 100 Inda2 1.2 690 1.8 100 1 Jacques Lake 13.0 630 18.0 100 Miche
Slide 27: Mineral Resources Summary Australian exploration portfolio
Mineral Resources Summary Australian exploration portfolio 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“ (rep
Slide 28: Paladin Investor Relations
PALADIN Paula Raffo INVESTOR Investor Relations Manager RELATIONS T: +61 8 9423 8100 E: paladin@paladinenergy.com.au MEDIA Australia Anthony Hasluck Clarity Communications T: +61 438 522 194 E: anthony.hasluck@claritycommunications.com.au Canada Ian Hamilton FGS Longview T: +1 905-399-6591 E: ian.ha