Paladin Energy Ltd · ASX:PDN
Paladin Energy — Q1 2026 Earnings Presentation
15 slides from Paladin Energy's earnings presentation, Oct 14, 2025
Slide 1: September 2025 Quarter Presentation
For personal use only September 2025 Quarter Presentation 14 October 2025 Refer to Paladin’s exchange announcement titled “Quarterly Activities Report – September 2025” Dated 14 October 2025.
Slide 2: Important Notice
This presentation (Presentation) is dated 14 October 2025 and has been and uncertainties include but are not limited to liabilities inherent in mine Investment Risk prepared by Paladin Energy Ltd (the Company or Paladin) based on development and production, geological, mining and processing technica
Slide 3: Highlights
Highlights For personal use only • The ramp-up at the Langer Heinrich Mine (LHM) continues Q1 Q4 Q3 Q2 Q1 LHM SUMMARY (100%)1 to plan with total material mined 63% higher than previous FY2026 FY2025 FY2025 FY2025 FY2025 quarter U3O8 Produced lb 1,066,496 993,843 745,484 638,409 639,679 • Record quar
Slide 4: Safety & Sustainability
Safety & Sustainability For personal use only Q1 Q4 Q3 Q2 Q1 FY2026 FY2025 FY2025 FY2025 FY2025 TRIFR 3.2 2.7 3.3 1.3 2.2 (12-month average) • Paladin recorded an average Total Recordable Injury Frequency Rate (TRIFR) of 3.2 per million hours worked on a 12-month basis, better than the Company’s saf
Slide 5: Namibia Mining
Langer Heinrich Mine | Namibia Mining For personal use only Mining activities continued to ramp up Q1 Q4 Q3 Q2 Q1 during the quarter, with active drilling, MINING5 FY2026 FY2025 FY2025 FY2025 FY2025 blasting, and load-and-haul activities focused on the G and F pits Total Mined Mt 5.27 3.23 - - - Was
Slide 6: Processing Plant
Langer Heinrich Mine Processing Plant Q1 Q4 Q3 Q2 Q1 PROCESSING For personal use only Record quarterly production of FY2026 FY2025 FY2025 FY2025 FY2025 1,066,496lb U3O8 since the restart Tonnes Processed Mt 1.15 1.17 0.90 0.75 0.83 of the LHM Ore Feed Grade PPM 477 477 419 404 422 Plant Recovery % 8
Slide 7: Sales, Realised Prices and Production Costs
Langer Heinrich Mine Sales, Realised Prices and Production Costs LHM now has 14 sales agreements with For personal use only tier-one global customers following the Q1 Q4 Q3 Q2 Q1 SALES signing of one additional uranium sales FY2026 FY2025 FY2025 FY2025 FY2025 agreement during the quarter8 U3O8 Sold2
Slide 8: Contract Book
Langer Heinrich Mine Contract Book Contract pricing mix (2025-30) 9 For personal use only uranium sales agreements with 14 tier-one global customers in the US, Europe and Asia8 55% Market-related prices 24.5Mlb 24.5Mlb of U3O8 contracted to 20309 45% Base-escalated & fixed prices of the LHM Ore Rese
Slide 9: Patterson Lake South | Canada
Patterson Lake South | Canada Project Progress & Exploration Comprehensive review completed For personal use only during the quarter, confirming Q1 Q4 Q3 Q2 Q1 PLS PROJECT robustness of the PLS Project and de- FY2026 FY2025 FY2025 FY2025 FY2025 risking its development and operation12 Development & U
Slide 10: September 2025 Quarter Cash Flow
September 2025 Quarter Cash Flow For the three-month period ended 30 September 2025 For personal use only US$ million • A$300 million fully underwritten equity raising completed during the quarter 191 269 • Unrestricted cash and investments of US$269.4M at 30 September 2025 • Increase of US$180.4M f
Slide 11: Clean Energy. Clear Future.
For personal use only Clean Energy. Clear Future. 11
Slide 12: Appendices
For personal use only Appendices
Slide 13: Notes
Notes 1. Paladin has a 75% interest in the LHM. For personal use only 2. September 2025 quarter includes 85,000lb loan material delivered under existing contracts. Total material loans outstanding amount to 450,000lb at the quarter end. 3. Average Realised Sales Price (US$/lb U3O8) is a Non-IFRS Mea
Slide 14: Mineral Resources and Ore Reserves
Mineral Resources and Ore Reserves Langer Heinrich Mine For personal use only Summary Mineral Resources1 As at 30 June 2025 Millions of Tonnes Grade U3O8 Contained U3O8 Grade V2O5 Contained V2O5 Classification Location (Mt) (ppm) (Mlb) (ppm) (Mlb) Measured In-situ 76.9 450 76.3 145 25.5 MG ROM stock
Slide 15: Paladin Investor Relations
For personal use only 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 Anthony Hasluck Ian Hamilton Paladin Corporate Affairs FGS Longview T: