Paladin Energy Ltd · ASX:PDN
Paladin Energy — Diggers and Dealers Mining Forum 2024
31 slides from Paladin Energy's conference presentation, Aug 7, 2024
Slide 1: Diggers and Dealers Mining Forum
Diggers and Dealers Mining Forum 5-7 August 2024
Slide 2: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement Disclaimer on reasonable assumptions, such statements are not that this information has not materially changed since it guarantees of future performance and actual results or was last reported. Refer to the Mineral Resource Table This presentation contains
Slide 3: Paladin, a world-class uranium producer
Paladin, a world-class uranium producer
Slide 4: Pathway to becoming a world-class uranium producer
Pathway to becoming a world-class uranium producer JUL 2024 LHM First Customer Shipment 2018 2022 2023 2024 2024 2024 2024 2024 Langer Heinrich Decision to Secured 100% Completed LHM Commercial Pre-Feasibility Paladin Proposed Mine (LHM) restart LHM ownership of Restart Project on production Study a
Slide 5: Global decarbonisation and tight supply driving uranium market strength
Global decarbonisation and tight supply driving uranium market strength Strong uranium demand driven by global decarbonisation Uranium supply shortage due to under-investment • Nuclear energy is the second largest source of global clean energy with almost zero carbon • Disrupted project development
Slide 6: Langer Heinrich Mine back in production
Langer Heinrich Mine back in production
Slide 7: Langer Heinrich Mine restart, commercial production and first customer shipment
Langer Heinrich Mine restart, commercial production and first customer shipment successfully completed within 4 months 7
Slide 8: Restart Project completed on time and within cost forecast
Restart Project completed on time and within cost forecast US$120M 1,200 2.5M ~95% Capital forecast: Peak project workforce Project hours with Of staff and ~60% refit & refurbishment no serious injury or contractors from ~40% improvement capital environmental accident local communities Note: LHM is
Slide 9: Langer Heinrich Mine Operations
Langer Heinrich Mine Operations 517,597lb 319,229lb US$28-31/lb 4-4.5Mlb 6Mlb 17 year Of U3O8 produced Of U3O8 in the first Cost of production Of U3O8 production Nameplate capacity Mine life, to 30 June 20241 customer shipment1 guidance for FY2025 guidance for FY20252 2 expected by the end producing
Slide 10: Langer Heinrich Mine Growth Priorities
Langer Heinrich Mine Growth Priorities Mine Plan Optimisation • Strong uranium prices deliver the potential to lower cutoff grade and increase tonnes for mining • Evaluate the opportunity to push back benches in existing pits and access more material Plant Optimisation • Medium term growth opportuni
Slide 11: Langer Heinrich Mine Growth Priorities
Langer Heinrich Mine Growth Priorities Exploration Drilling Reserve and Resource Expansion • Vast majority of LHM reserves and resources within • ML140 has not been fully drilled ML140 • Infill drilling program planned to better delineate • Adjacent ML172 has had limited exploration the orebody • Wo
Slide 12: Paladin's Global Growth Pathway
Paladin’s Global Growth Pathway
Slide 13: Globally significant, high-grade exploration portfolio
Globally significant, high-grade exploration portfolio Exploration Projects Mineral Resources1,2 Over 440Mlb of high-grade Extensive historical exploration mineral resources providing a activity with over US$140M strong growth pathway previously spent 128.1Mlb 127.7Mlb Canadian assets located in a r
Slide 14: Michelin Uranium Project Pre-Feasibility Study to commence FY2025
Michelin Uranium Project Pre-Feasibility Study to commence FY2025 Strategic project in premier uranium mining Substantial work PFS expected to be completed jurisdiction already completed during FY2026 • Uranium is classified as a critical mineral in Canada • US$75M of total historical in-ground expl
Slide 15: Acquisition of Fission Uranium
Acquisition of Fission Uranium
Slide 16: Paladin and Fission – Deal highlights
Paladin and Fission – Deal highlights1 All scrip acquisition of Transaction consideration Post closing Paladin Transaction supported represents shareholders will own by Fission’s Board Fission Uranium Corp a 30% premium to Fission ~76% of the combined of Directors3 by Paladin Energy via shareholders
Slide 17: Fission's Patterson Lake South
Fission’s Patterson Lake South Location in a premier Project highlights Athabasca basin regional deposits uranium province • Located in the Athabasca • Shallow, concentrated ore body Basin, Canada • 130Mlb of resource at 1.78% PLS is one of the • PLS hosts the Triple R U3O81 Athabasca Basin’s only d
Slide 18: Paladin and Fission – Creating value for all shareholders
Paladin and Fission – Creating value for all shareholders1 Benefits to BOTH Shareholders Enhanced project Multi-asset Diversified presence Increased exposure to Increased scale and development production across leading highly attractive long global profile of pipeline expected by uranium mining term
Slide 19: Delivering Sustainable Value
Delivering Sustainable Value 19
Slide 20: 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 21: About Paladin
About Paladin
Slide 22: Paladin Overview
Paladin Overview Market Cap1 A$3.5B LTM Daily Stock Liquidity1 Canada Michelin A$29.4M Advanced Exploration Index Australia Manyingee & ASX100 Carley Bore Advanced Research Coverage Exploration Australia Namibia Australia Mount Isa Langer Heinrich Mine Head Office Advanced Production Exploration 1 A
Slide 23: Paladin Board
Paladin Board Cliff Lawrenson Lesley Adams Melissa Holzberger Jon Hronsky OAM Peter Main Joanne Palmer Peter Watson Non-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Mining executive with d
Slide 24: Paladin Executive Team
Paladin Executive Team Ian Purdy Anna Sudlow Paul Hemburrow Alex Rybak Danielle Lazarov Jess Oram Chief Executive Officer Chief Financial Officer Chief Operating Officer Chief Commercial Officer Chief People & General Manager Corporate Affairs Officer Exploration Highly-respected executive with over
Slide 25: Langer Heinrich Mine FY2025 Guidance
Langer Heinrich Mine FY2025 Guidance1 Production, Cost and Capital (100%) FY2025 Realised Price Sensitivity FY2025 U308 Produced Mlb 4.0 - 4.5 Spot Price (US$/lb) Realised Price (US$/lb) U308 Sold Mlb 3.8 - 4.1 40 44 Cost of Production US$/lb 28 - 31 60 57 Capital Expenditure US$M 26 80 71 Non-Cash
Slide 26: Paladin is committed to implementing leading ESG reporting frameworks
Paladin is committed to implementing leading ESG reporting frameworks As Paladin has recommenced production, the Following execution of the debt facility, Paladin structured implementation of three reporting has adopted the IFC Sustainability Framework. frameworks (SASB, GRI and TCFD) and REPORTING
Slide 27: 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
Slide 28: Mineral Resources table – Canadian exploration portfolio
Mineral Resources table – 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 1 Mic
Slide 29: Mineral Resources table – Australian exploration portfolio
Mineral Resources table – Australian exploration portfolio Mineral Resources Mlb U3O8 Paladin Ownership Note: Values may not add due to rounding. Australia Mt Grade ppm U3O8 (100% basis) (%) 1 Refer Announcement (ASX:SMM) dated 19 October 2010 "Resource Upgrade for the Valhalla Uranium Deposit“ (rep
Slide 30: Mineral Resources and Reserves – Patterson Lake South
Mineral Resources and Reserves – Patterson Lake South Summary Mineral Resources1 Notes: Millions of Tonnes Grade U3O8 Grade Au Contained U3O8 Contained Au 1. CIM (2014) definitions were followed for Mineral Resources. 2. Mineral Resources are reported at a cut-off grade of 0.25% U3O8, based on a lon
Slide 31: Paladin Investor Relations
Paladin Investor Relations Paula Raffo Investor Relations Manager T: +61 8 9423 8100 E: paladin@paladinenergy.com.au Media Australia Canada Anthony Hasluck Ian Hamilton Clarity Communications FGS Longview T: +61 438 522 194 T: +1 905-399-6591 E: anthony.hasluck@claritycommunications.com.au E: ian.ha
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