Paladin Energy Ltd · ASX:PDN
Paladin Energy — Bell Potter Unearthed Conference 2025
24 slides from Paladin Energy's conference presentation, Feb 12, 2025
Slide 1: Bell Potter Unearthed Conference 2025
Bell Potter Unearthed Conference 2025 12 February 2025
Slide 2: Disclaimer and Competent Persons’ Statement
Disclaimer and Disclaimer This presentation (Presentation) contains summary information about Investment Risk An investment in any listed company, including the Company, is subject Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable ass
Slide 3: Disclaimer and Historical Estimates
Disclaimer and Historical Estimates The information in this Presentation relating to the Mineral Resources National Instrument 43-101 The scientific and technical information relating to LHM in this undertaken to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Henry Ki
Slide 4: Clean Energy. Clear Future.
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 5: 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 6: Production: The Langer Heinrich Mine
Production: The Langer Heinrich Mine Ramping up production Priorities • Restarted commercial production in March • Progressing mining phase 2024 after an extensive repair & preparation with preferred mining refurbishment program and debottleneck of contractor selected existing plant • Completing ram
Slide 7: 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 8: 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 @ • Updated PEA which outlined a 86
Slide 9: 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 10: Uranium Market Outlook
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Slide 11: 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 12: Nuclear fuel cycle dynamics
Nuclear fuel cycle dynamics Western utilities have Enrichment Conversion U3O8 been securing enrichment • Enrichers have shifted from • Western conversion capacity is • A structural deficit of ~40Mlb and conversion services underfeeding to overfeeding, insufficient to meet current demand annually is
Slide 13: Life of mine contract book
LHM’s contract book leverages strong uranium market fundamentals 11 ~50% Pricing mix (% of LOM production)1 offtakes secured of life of mine with tier one industry production counterparties contracted 50% 38% Uncontracted Market related prices ~88% Life of mine of life of mine production offtake wit
Slide 14: Outlook
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Slide 15: 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 16: Appendices
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Slide 17: 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$3.4B 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 18: Langer Heinrich Mine YTD FY2025 Results
Langer Heinrich Mine YTD FY2025 Results1 The ramp up of LHM continues, with LHM Summary YTD Q1 Q2 operational gains embed each quarter (100%)1 FY2025 FY2025 FY2025 DT Tonnes Processed 1.58 0.83 0.75 (million) • LHM produced 1.3Mlb U3O8 in the first half of FY2025 Ore Feed Grade PPM 413 422 404 • The
Slide 19: 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 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: Clean Energy. Clear Future.
Clean Energy. Clear Future. 23
Slide 24: 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 Hayley Cardy Ian Hamilton Clarity Communications FGS Longview T: +61 409 448 288 T: +1 905 39
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