Paladin Energy Ltd · ASX:PDN
Paladin Energy — Non-Deal Roadshow (October 2022)
32 slides from Paladin Energy's roadshow presentation, Oct 25, 2022
Slide 1: Investor Presentation - Q1 Roadshow
Investor Presentation - Q1 Roadshow Clean energy. Clear future. October 2022 IAN PURDY CHIEF EXECUTIVE OFFICER
Slide 2: Disclaimer and competent person's statement
Disclaimer and competent person’s Disclaimer statement 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
Slide 3: LHM target production in Q1 2024, low risk restart
Michelin Manyingee & Mount Isa Langer Heinrich Carley Bore Mine Head Office LHM target Low risk Balance sheet Global exploration production in Q1 2024 restart project strength portfolio Clean energy. Clear future. 3
Slide 4: Our mission: Resourcing a global carbon-free future
Our mission: Emissions Intensity by Energy Source 2 (g/kWh) Resourcing a global 1,200 carbon-free future 1,000 800 Nuclear energy is playing a critical role in the transition to a decarbonised economy. 600 Today nuclear energy accounts for 47% of carbon-free electricity generation in the US1. 400 Th
Slide 5: Paladin is committed to sustainable development
Paladin is committed to sustainable development Paladin released the 2022 Sustainability Report in October 2022, which provides details of the FY2022 ESG Highlights, and outlines the Company’s ESG Goals. Selected highlights and goals include: FY2022 ESG HIGHLIGHTS ESG GOALS Environment • 0 reportabl
Slide 6: Langer Heinrich Mine
Langer Heinrich Mine (75% Paladin ownership) 6
Slide 7: Langer Heinrich – a globally significant uranium mine
Langer Heinrich – a globally significant uranium mine Independent Q1 CY2024 Cornerstone 4% of annual producer production offtakes global uranium in a premier target secured production2 jurisdiction 17 year mine 10 years of Peak life producing production production of 77Mlb1 of history 6Mlb1 of U3O8
Slide 8: Namibia – a premier uranium jurisdiction
Namibia – a premier uranium jurisdiction Globally significant uranium province (Husab, Rössing and Langer Heinrich) and a major supplier of the world’s uranium Uranium has been produced in Namibia since 1976 under a stable mining and uranium regulation regime Excellent local infrastructure (port, ro
Slide 9: Langer Heinrich Mine – restart project underway
Langer Heinrich Mine – restart project underway • Low risk restart with project capital forecast of US$118M • ADP Group continues to work alongside the Company’s owners’ team as the EPCM delivery partner to de-risk project execution • The project progressed the following activities during the quarte
Slide 10: Langer Heinrich Mine - production profile
Langer Heinrich Mine - production profile Material Crushed (t) UU308 3O8 Production (lbs) Grade (ppm) Ramp Up Mining Phase Stockpile Phase 7 700 6 600 Crushed (t) Production (lb) Millions 5 500 Grade (ppm) 4 400 3 300 2 200 1 100 - - Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12 Y13 Y14 Y15 Y16 Y17 Y18 Pro
Slide 11: Langer Heinrich Mine - uranium marketing update
Langer Heinrich Mine - uranium marketing update Industry-leading counterparties with long-term cornerstone offtake agreements • Offtake agreements1 with a leading Fortune 150 North American power utility for approximately 5% of production to 2030 with a base escalated pricing mechanism • Life of Min
Slide 12: Uranium Market
Uranium Market 12
Slide 13: Structural supply deficit with growing demand
Structural supply deficit with growing demand Structural Supply Shortage, Western Market, Mlb U3O8 p.a. • Current primary uranium supply unable to meet current demand. Deficit met by secondary supplies and inventory drawdowns • Projected production from returning mines will not be sufficient to meet
Slide 14: Term contracting volumes on the rise
Term contracting volumes on the rise Term Contracting Activity, Mlb U3O8 p.a. • For over a decade utilities have 250 been “under-contracting” and drawing down their inventories 200 • In an environment of rising uranium prices and shrinking secondary supplies out of Russia, Inventory drawdowns 150 th
Slide 15: Strong uranium pricing environment
Strong uranium pricing environment Uranium Prices, Spot and Long-term, US$/lb 80 70 • Spot and long-term contract 60 prices have strengthened significantly in the last 12 50 months, to US$52.00/lb1 and US$53.00/lb2, respectively1 (US$/lb) 40 • Outlook is strong, supported by uranium market 30 fundam
Slide 16: Recent uranium market activity
Recent uranium market activity Geopolitical uncertainties China’s commitment to nuclear energy is strengthening • Recent events in Russia, Ukraine and Kazakhstan have • 150 nuclear reactors scheduled for construction over the next emphasised the need for energy independence and supply from 15 years
Slide 17: Exploration
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Slide 18: A quality global suite of exploration assets
A quality global suite of exploration assets Globally significant, high-grade exploration portfolio 41.5Mlb 127.7Mlb Exploration Projects Extensive historical exploration activity with over US$140M previously spent Mineral Resources1,2 203Mt at 710ppm U3O8 for 317.6Mlb Diverse portfolio of assets pr
Slide 19: Michelin uranium project (70% Paladin ownership)
Michelin uranium project1 (70% Paladin ownership) Restart of exploration activities at the Michelin Project (Labrador, Canada) • Activity has re-commenced at the Michelin project with a dual-track workstream focused on defining development pathways and improving the understanding of the regional exp
Slide 20: Investment Conclusion
Investment Conclusion 20
Slide 21: Clean energy. Clear future.
Clean energy. Clear future. Returning the Cornerstone offtakes Balance sheet Langer Heinrich secured and strong uranium strength and financial Sustainable Mine to production market discipline future • Project approved, fully • Offtakes secured with • US$1631M in net cash • Resourcing a carbon funded
Slide 22: About Paladin
About Paladin 22
Slide 23: Meet the Board
Meet the Board Cliff Lawrenson Peter Main Peter Watson Melissa Holzberger Joanne Palmer Non-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Mining executive with deep expertise in Mining and financial experience spanning Chemical enginee
Slide 24: The Executive Team
The Executive Team Ian Purdy Anna Sudlow Johan Roux Jess Oram Alex Rybak Chief Executive Officer Chief Financial Officer General Manager Senior Vice President Senior Vice President Langer Heinrich Exploration Marketing & Business Development Highly-respected executive with over Corporate finance pro
Slide 25: Paladin's Sustainability Reporting Road Map
Paladin’s Sustainability Reporting Road Map Paladin has adopted and implemented the Sustainability Accounting Standards Board (SASB) framework, with the 2022 Sustainability Report being released in October 2022. Following the decision to return the LHM to production, the Company will incorporate the
Slide 26: Paladin is committed to implementing leading ESG reporting frameworks
Paladin is committed to implementing leading ESG reporting frameworks As Paladin moves towards production, the structured implementation of these three reporting frameworks (SASB, GRI and TCFD) will increase the level of detail reported over time, and will provide a more complete representation of P
Slide 27: Mineral Resources and Ore Reserves – Langer Heinrich
Mineral Resources and Ore Reserves – Langer Heinrich Summary Mineral Resources1 Millions of Tonnes Grade U3O8 Grade V2O5 Location Classification (Mt) (ppm) Contained U3O8 (Mlb) (ppm) Contained V2O5 (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
Slide 28: Mineral Resources table – Canadian exploration portfolio
Mineral Resources table – Canadian exploration portfolio Mineral Resources Mt Grade ppm U3O8 Mlb U3O8 (100% basis) Paladin Ownership (%) Canada Measured Michelin1 17.6 965 37.6 70 Rainbow2 0.2 920 0.4 70 Indicated Gear2 0.4 770 0.6 70 Inda2 1.2 690 1.8 70 Jacques Lake1 13.0 630 18.0 70 Michelin1 20.
Slide 29: Mineral Resources table – Australian exploration portfolio
Mineral Resources table – Australian exploration portfolio Mineral Resources Mt Grade ppm U3O8 Mlb U3O8 (100% basis) Paladin Ownership (%) Australia Measured Valhalla1 16.0 820 28.9 100 2 Indicated Andersons 1.4 1,450 4.6 100 Bikini3 5.8 495 6.3 100 Duke Batman4 0.5 1,370 1.6 100 Odin5 8.2 555 10.0
Slide 30: LHM Restart Project photos
LHM Restart Project photos Removal of redundant equipment Cyclone cluster pump & pipe removal Removal of redundant piping Mass Safe Start meeting Reinstatement of potable water system 30
Slide 31: Michelin Summer Exploration Field Program photos
Michelin Summer Exploration Field Program photos Helicopter approaching Michelin summer camp Helicopter induction briefing Exploration team at Michelin Michelin summer camp accommodation 31
Slide 32: Investor Enquiries: Alex Rybak
Investor Enquiries: Alex Rybak paladin@paladinenergy.com.au Level 8 191 St George Terrace, WA 6000 +61 8 9423 8100 paladin@paladinenergy.com.au paladinenergy.com.au