Paladin Energy Ltd · ASX:PDN
Paladin Energy — Diggers and Dealers 2021
26 slides from Paladin Energy's conference presentation, Aug 4, 2021
Slide 1: Paladin
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 req
Slide 3: Transforming Paladin
Transforming Paladin Building the team & skill sets required to deliver success + Continued evolution of Board and Executive Leadership Team to deliver the right operational, commercial, technical and governance skills set + In country technical skill set to deliver Langer Heinrich back into product
Slide 4: Paladin is Strategically Positioned
Paladin is Strategically Positioned PALADIN Advanced Exploration Advanced Exploration Namibia \, Advanced -——— Exploration Mine on Care & Maintenance Australia v Will become the world’s 3"¢ largest listed, non-state Over 360Mlb of U30g of Strategic footprint in the Ready to fuel global world’s most
Slide 5: Sustainability commitment
stainability 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 an
Slide 6: Langer Heinrich Mine
Langer Heinrich Mine (75% Paladin ownership)
Slide 7: Proven operational track record at Langer Heinrich
Proven operational track record at Langer Heinrich with over 43Mlb of U3Og delivered to customers Located in a proven premier Uranium mining jurisdiction Fully permitted to resume mining, processing and uranium exports Paladin is an attractive counterparty for utilities and other potential offtake p
Slide 8: Namibia — a premier Uranium jurisdiction
Namibia — a premier Uranium jurisdiction * 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 c
Slide 9: Cost to Restart
Cost to Restart Operations Life of Mine C1 Cost of Production Restart Capital Intensity? ao en wey 0. 2 100% Ba: Peak Production PALADIN
Slide 10: Exploration
Exploration
Slide 11: Large tenement holding securing the most prospective ground
Large tenement holding securing the most prospective ground Mineral Resource (M+l+1): 127.7Mlb at 860 ppm US$75M of total historical in ground exploration Hosted by one of the most globally productive mineralised belts Mineral Resource (M+l+1): 148.4Mlb at 680 ppm USS$55M of historical in ground exp
Slide 12: Why Uranium?
Slide 13: Structural supply deficit with growing demand
Structural supply deficit with growing demand PALADIN World Nuclear Association - Supply Shortage Tonnes U 125,000 100,000 75.000 — 50,000 i 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 mmm Current Capacity Mines Under Development Prospective Mines Unspecified Supply Secondary Supplie
Slide 14: Future Contracted Coverage Rates of US & European Utilities
Future Contracted Coverage Rates of US & European Utilities Contract coverage % of total requirements — — -EIAUS Utilities Coverage 2020 — — -Euratom Utilities Coverage 2020 UxC US Utilities Coverage 2021 UxC Europe Utilities Coverage 2021 140% 120% 100% seers 80% 60% 40% 20% 0% 2021 «2022 = 2023. 2
Slide 15: Conclusion
Slide 16: A clear pathway to success
A clear pathway to success Competitively positioned to take advantage of expected Significant high-grade improvements in the U market exploration portfolio Financial strength provides confidence and resilience Production ready project with proven track record + Proven track record with 10 years of p
Slide 17: Resourcing a global carbon-free future
Resourcing a global carbon-free future Uranium mining and processing are critical components of the nuclear fuel cycle as they provide the raw material for producing clean, sustainable base-load electricity. With the growing global demand for electricity, and the targets for CO, emissions, nuclear e
Slide 18: About Paladin
Slide 19: Meet the Board and CEO
Meet the Board and CEO 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 companies and exec
Slide 20: The Executive Team
The Executive Team 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 listed and privat
Slide 21: Paladin
PALADIN Shares on issue! 2.68B Geographic split Shareholder concentration Share price! AS 0.53 Market capitalisation! AS 1.4B Market capitalisation! 2 USS 1.0B Unrestricted Cash USS 30.7M ag = Australia = Asia = North America = UK/EU = RoW = Top 10 = Top 20 ® Top 50 = Remaing Holders Institutional /
Slide 22: Langer Heinrich Mine historical performance parameters
Langer Heinrich Mine historical performance parameters FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Mining Rate (in-situ) Mt 27.8 21.6 20.2 24.6 7.6 0.0 Mill Throughput Mt 3.44 3.72 3.40 3.57 3.52 2.95 Mill Feed Grade ppm 812 783 768 699 610 475 Recovery % 86.0% 87.0% 87.6% 86.3% 87.7% 88.5% U30g Produ
Slide 23: Mineral Resources Table — Langer Heinrich
Mineral Resources Table — Langer Heinrich PALADIN Mlb U;O, Mlb U,O, Mlb U,O, Mlb U,0, | Paladin Uranium Mineral Resources! Grade (100% Grade (100% (100% (100% | Ownership 250ppm U;0, cutoff Mt m U30g, basis) Mt ppm U;0, basis) basis) basis) (%) In-situ 66.2 490 719 18.8 435, 18.0 6.3 420 5.8 AS 475
Slide 24: 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 25: Mineral Resources Table - Australian Exploration portfolio
PALADIN Measured Valhalla’ 16.0 820 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
Slide 26: Contact
Level 8 191 St Georges Terrace WA 6000 +61 8 9423 8100 ‘PALADIN Clean energy. Clear future. paladinenergy.com.au