Paladin Energy Ltd · ASX:PDN
Paladin Energy — Macquarie Australia Conference 2025
23 slides from Paladin Energy's conference presentation, May 7, 2025
Slide 1: Macquarie Australia Conference 2025
Macquarie Australia Conference 2025 May 2025
Slide 2: Important Notice
This presentation (Presentation) is dated 7 May 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 of a
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 producer of projects secured flexibility with the Langer including the high- with the largest with US$128M in Heinrich Mine grade Pat
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: The Langer Heinrich Mine (LHM)
The Langer Heinrich Mine (LHM) Ramping up production Priorities • Restarted commercial production in • Ramp up of mining activities March 2024 after an extensive repair • Reviewing optimisation & refurbishment program and opportunities, including ore blending debottleneck of existing plant strategie
Slide 6: LHM processing plant
LHM processing plant The focus at the LHM FY2025 Tonnes Processed and Recovery Rate1 during the March quarter has been on optimising 950 95% the feed blend and Target overall recovery rate 902 increasing throughput 900 90% 88% 88% 850 830 85% • Processed over 900k tonnes of ore in the quarter, 800 8
Slide 7: LHM production and sales
LHM production and sales1 FY2025 Production and Sales2 Paladin met all delivery obligations in the March 872 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 Q1 Q2 Q3
Slide 8: LHM commencing mining activities
LHM commencing mining activities Current Mining activities have commenced with Tailings (TSF5) Approximate G-pit mined ore material being blended with boundary stockpile material Processing Plant • Initial blast occurred successfully and safely during April • Current mining activity is focused on th
Slide 9: LHM delivering uranium to global customer base
LHM delivering uranium to global customer base Near-term contract pricing mix (2025-30)1 12 offtakes secured with Tier-1 58% industry counterparties - 7 in North Market-related America, 3 in Europe and 2 in Asia prices 22.3Mlb of U3O8 contracted to 2030 42% Base-escalated & fixed prices Our account
Slide 10: The Patterson Lake South Project (PLS)
The Patterson Lake South Project (PLS) One of the world’s largest near- Priorities Athabasca basin regional deposits surface, high-grade uranium projects • PLS hosts the Triple R deposit, the • Reviewing 2023 Feasibility Study Athabasca Region’s only shallow high- aiming at identifying areas for gra
Slide 11: PLS delivering progress since acquisition
PLS delivering progress since acquisition Paladin is delivering value at 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% controlling intere
Slide 12: The Michelin Project
The Michelin Project Large-scale potential Priorities Winter drilling program being progressed project • US$75M of total historical in-ground • Scoping a Pre-Feasibility Study • Winter drilling program being finalised with results under (PFS) focusing on assessment. The drilling was conducted within
Slide 13: 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 + 42.2Mlb Inferred1 • Mineral R
Slide 14: Uranium Market Outlook
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Slide 15: Strong demand for nuclear energy
Strong demand for nuclear energy driven by the need for clean base load power • 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 the US,
Slide 16: Uranium contracting returning to fundamentals
Uranium contracting returning to fundamentals Spot and term market volumes1 Spot Uranium Contract Volumes Spot and term pricing, last 5 years2 275 Long-Term Uranium Contract Volumes 120 250 YTD Spot Uranium Contract Volumes YTD Term Uranium Contract Volumes 225 100 +142% Term 200 (over the last 5 ye
Slide 17: Clean Energy. Clear Future.
Clean Energy. Clear Future. 17
Slide 18: Appendices
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Slide 19: 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 20: 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 21: 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 22: 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 23: 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