Paladin Energy Ltd · ASX:PDN
Paladin Energy — Investor Presentation (February 2022)
29 slides from Paladin Energy's investor presentation, February 2022
Slide 1: Paladin Investor Presentation
PALADIN lan Purdy | Chief Executive Officer
Slide 2: Disclaimer
PALADIN Disclaimer 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 the information investors would requ
Slide 3: Paladin is Strategically Positioned
Paladin is Strategically Positioned PALADIN Advanced Exploration Advanced Exploration Namibia Advanced a Exploration Mine on Care & Australia v Maintenance Strategic footprint in the Ready to fuel global Set to become a top 10 Over 365Mlb U30g Mineral world’s most attractive uranium jurisdictions de
Slide 4: Paladin is a premium investment opportunity
aladin is a premium investment opportunity PALADIN Ready for restart Upside pathways Commercial strength A sustainable future + Proven operational track record at Langer Heinrich Mine (LHM) with over 43Mlb U3Og delivered to customers + Fully permitted to resume mining, processing and uranium exports
Slide 5: Langer Heinrich Mine
Langer Heinrich Mine 75% Paladin ownership
Slide 6: Proven operational track record
Proven operational track record at Langer Heinrich Mine with over A3Mlb U30z delivered to customers Fully permitted to resume mining, processing and uranium exports Well defined Mine Restart Plan provides low risk path to production and competitive economics Located ina proven premier uranium mining
Slide 7: Cost to Restart and Life of Mine metrics
PALADIN Cost to Restart Life of Mine C1 Peak Operations Cost of Production Production Restart Capital Intensity? | |
Slide 8: Langer Heinrich Mine upside potential
Langer Heinrich Mine upside potential Paladin will now focus attention on delivering further upside at LHM, through concept studies for potential value enhancement opportunities, including: ‘ll eats Further cost Increased Mine life extension production rate for and resource optimisation stockpile ph
Slide 9: Exploration
Slide 10: Globally significant high grade exploration portfolio
PALADIN & Globally significant high grade exploration portfolio (6) Extensive historical exploration activity has seen over US$140M spent on the portfolio Wow | Diverse portfolio of assets provides optionality on mining methods EN Langer Heinrich Mine operational infrastructure provides leverage Ci»
Slide 11: Exploration focus and strategic pathways
Exploration focus and strategic pathways _* PALADIN Langer Heinrich Mine + Work plans are being established to extend Global portfolio mine life by: 7 ; _— : + Paladin’s current exploration focus includes: * Step-out drilling where mineralisation remains open + First principles review of proprietary
Slide 12: Uranium Market
Slide 13: Structural supply deficit with growing demand
Structural supply deficit with growing demand Structural Supply Shortage, TradeTech Mlb U2Og p.a. Returning Mine Production Secondary Supply mmm Existing Production —Reactor Requirements (Base Demand) 250 200 ee : Wi 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 10! S a
Slide 14: Historic Term Contract Activity
PALADIN Historic Term Contract Activity Mlb pa mEvaluating/Potential m™U.S. Utilities =™Non-U.S. Utilities 2000 2001 200220032004.2005 20062007 20082009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Source: UxO 300 250 200 151 Ss al) Ss 5 Ss ° + Term contracting levels have been w
Slide 15: Recent uranium market activity
Recent uranium market activity Increased levels of Request For Proposals is evidence of major utilities in US, Europe and Asia returning to long term contracting + TradeTech Reported LT price increased to US$45/lb in October 2021 (up ~35% since July 2021) and has held at this price level China’s com
Slide 16: Conclusion
Slide 17: Our Investment Drivers
PALADIN Our Investment Drivers Our Mission: Resourcing a global carbon-free future & Proven operational track record Uranium mining and processing are critical components of the nuclear fuel cycle. One kilogram of uranium contains the energy equivalent to [=,| Fully permitted to resume mining, proce
Slide 18: About Paladin
Slide 19: Meet the Board and CEO
Meet the Board and CEO Cliff Lawrenson Non-Executive Chairman Mining executive with deep expertise in the minerals and energy sectors derived from global experience having worked extensively in project development and investment banking. A successful track record of leading strategic direction in co
Slide 20: The Executive Team
The Executive Team Anna Sudlow Chief Financial Officer Corporate finance professional with 25 years’ experience across the energy and resources sectors in senior management roles. Her experience includes funding execution, commercial management, accounting, finance and treasury in both the ASX liste
Slide 21: Sustainability commitment
ustainability commitment PALADIN Paladin is committed to the core principle of delivering value through sustainable development. Our Paladin Values support every decision we take. With these strong foundations, we can focus on achieving economic, social and environmental sustainability in balanced a
Slide 22: PALADIN
PALADIN 1,374 Lost Time Injury | O Reportable incidents 100% Permits in place 100% Achievement of 100% of Paladin The proportion of Free Days in 2021 for leases, mining and Lead Safety Indicators workforce is local to women in roles in the export operations Paladin Group is 30%
Slide 23: Namibia location and jurisdiction
LEGEND rani NAMIBIA REPUBLIC OF SOUTH AFRICA PALADIN Globally significant uranium province (Husab, Rossing and Langer Heinrich) and a major supplier of the world’s uranium when at full capacity Uranium has been produced in Namibia since 1976 under a stable mining and uranium regulation regime Mining
Slide 24: Langer Heinrich ramp up and mining phases
PALADIN KOs Ramp Up Phase - Targeted reliability improvements will ramp up to deliver 95% runtime ; Mining Rate (total material movement Mt pa)+ 0 27.0 0 + Processing medium grade : stockpile at 508ppm grade : Mill throughput (Mt pa) 35 5.4 5.5 i (from stockpile) (from stockpile) Mining Phase i Mill
Slide 25: Australian exploration projects
PALADIN + Large tenement holding securing the most prospective ground + Mineral Resource (M+I+1): 127.7Mlb at 860ppm + USS75M of total historical in ground exploration + USS55M of historical in ground exploration + Emerging regional uranium ISR mining method province + Mineral Resource (M+I+1): 41.5
Slide 26: Summary Updated Mineral Resources
Summary Updated Mineral Resources1 Summary Updated Ore Reserves1
Slide 27: Mineral Resources Table — Canadian Exploration portfolio
Mineral Resources Table — Canadian Exploration portfolio “_..? PALADIN Mlb Us\ Mineral Resources rade ppm U3Os (100% bi Measured Michelin’ 17.6 965 37.6 65 Rainbow" 0.2 920 0.4 65 Indicated Gear? 0.4 770 0.6 65 Inda? 1.2 690 1.8 65 Jacques Lake! 13.0 630 18.0 65 Michelin! 20.6 980 44.6 65 Nash? 0.7
Slide 28: Mineral Resources Table — Australian portfolio
PALADIN Measured Valhalla’ 28.9 100 Indicated Andersons” 14 1,450 4.6 100 Bikini? 5.8 495 6.3 100 Duke Batman? 0.5 1,370 1.6 100 Odin? 8.2 555 10.0 100 Skalé 14.3 640 20.2 100 Valhalla! 18.6 840 34.5 100 Carley Bore” 5.4 420 5.0 100 Manyingee® 8.4 850 15.7 100 Inferred Andersons” 04 1,640 0.4 100 Bi
Slide 29: Investor Enquiries
Investor Enquiries: Alex Rybak + 618 9423 8135 alex.rybak@paladinenergy.com.au ‘PALADIN Clean energy. Clear future. Level 8 191 St Georges Terrace WA 6000 +61 8 9423 8100 paladin@paladinenergy.com.au paladinenergy.com.au
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