Slide 1: Paladin Energy Ltd Prefeasibility Study Outcomes
PALADIN ENERGY LTD PREFEASIBILITY STUDY OUTCOMES 14 October 2019 ASX: PDN
Slide 2: Disclaimer and Notes
DISCLAIMER AND NOTES JORC AND NI 43-101 MINERAL RESOURCES AND ORE RESERVES 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 comp
Slide 3: Langer Heinrich: A Low Cost, Long Life Uranium Mine
A FIRST PRODUCER IN A RECOVERED URANIUM MARKET LANGER HEINRICH A LOW COST, LONG LIFE URANIUM MINE
Slide 4: We Are Not Standing Still… Planning for a Rapid, Reliable Restart
WE ARE NOT STANDING STILL… WE ARE PLANNING FOR A RAPID, RELIABLE RESTART Verify C&M practices to Learn from 10 years of Define further potential Prefeasibility study for ensure asset is operation to ensure restart improvements and cost rapid, low-risk restart preserved for low-cost is safe, predicta
Slide 5: Prefeasibility Study Highlights
PREFEASIBILITY STUDY HIGHLIGHTS Prefeasibility Study (phase 1 – PFS1) confirms 12-month execution lead time for low risk restart Aspirational average life of mine AISC of US$30/lb achievable 5.2Mlbpa production for restart confirmed for capital of US$80M Opportunity to increase production at restart
Slide 6: PFS1 Has Confirmed Rapid Restart Plan
PFS1 HAS CONFIRMED RAPID RESTART PLAN PFS1 confirms Concept Study results of comparatively low initial restart expenditure requirements of ~US$80M for ~5.2 Mlbpa production capacity Plant Repair & De- Operations Restart Costs Preservation Costs US$42M US$38M (includes: first fill of reagents, reco
Slide 7: Paladin Identifies Low Cost Expansion Opportunity
PALADIN IDENTIFIES LOW COST EXPANSION OPPORTUNITY 2021 Production Potential Low Cost Potential to be production US$30M for 1.3Mlb ready from mid 2021 (funding capacity expansion and price dependent) if studies are completed in C&M window Expand Production to 6.5Mlb Capacity Low Risk High return expa
Slide 8: World Wide Product Cost Curve – All Projects
WORLD WIDE PRODUCT COST CURVE – ALL PROJECTS 80 70 60 Full Production Cost ($US/lb U3O8) 50 40 PFS1 US$33/lb for 5.2Mlb1,2 Langer 30 Concept Aspirational Target US$30/lb1 Heinrich PFS1 US$29/lb for 6.5Mlb1,2 AISC Costs 20 10 0 0 100 200 300 400 500 Cumulative Annual Production (Mlbpa) Source: UxC Pr
Slide 9: Rapid Production Restart on Uranium Price Recovery
RAPID PRODUCTION RESTART ON URANIUM PRICE RECOVERY DESCRIPTION STATUS TIMING PURPOSE Completed February Found no fatal flaws Concept Study 2019 Generated improvement options RAPID RESTART STUDY (PFS1) Detailed restart plan Strategic aim - be Prefeasibility Study 1 - Prefeasibility Study 1 comp
Slide 10: Contact Us
CONTACT US HEAD OFFICE CONTACT Level 4, 502 Hay Street Anna Sudlow Subiaco Western Australia 6008 Chief Financial Officer T: +61 (0) 8 9381 4366 T: +61 (8) 9423 8119 E: paladin@paladinenergy.com.au E: anna.sudlow@paladinenergy.com.au www.paladinenergy.com.au
Slide 11: Appendix
APPENDIX
Slide 12: Resource & Reserve Tables
Mlb U3O8 Paladin Ownership Paladin Attributable Mineral Resources Mt Grade ppm U3O8 RESOURCE & RESERVE TABLES (100% basis) (%) (Mlb) Namibia Langer Heinrich Measured1 66.2 490 71.9 75 53.9 Indicated1 18.8 435 18.0 75 13.5 Inferred1 6.3 420 5.8 75 4.4 Stockpiles1 30.8 355 24 75 18.0 Total Namibia 122