Paladin Energy Ltd

PERTH, Australia, July 22, 2025 (GLOBE NEWSWIRE) -- Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (Paladin or the Company) provides FY2026 guidance for the Langer Heinrich Mine (LHM) along with realised uranium price sensitivities based on the Company’s uranium sales contract portfolio.

The LHM will continue its operational ramp-up during FY2026 with the ramp-up of mining operations over the course of the year, as the LHM continues the ongoing transition from the processing of stockpiled medium grade ore to the processing of primary mined ore.

The operational ramp-up of the LHM is expected to be completed by the end of FY2026 with full mining and processing plant operations planned for FY2027. The Company intends to provide annual guidance for FY2027 in July 2026.

LHM FY2026 Guidance

Guidance (100%1)2  FY2026 U3O8 Produced Mlb 4.0 - 4.4 U3O8 Sold3 Mlb 3.8 - 4.2 Cost of Production4 US$/lb 44 - 48 Capital & Exploration Expenditure5 US$M 26 - 32

Mining

The LHM commenced FY2026 with an estimated 2.2Mt of stockpiled medium grade ore and approximately 49% of its planned mining fleet capacity in operations. The remaining mining fleet is scheduled for delivery in late 2025 and is expected to be commissioned and in service during the second half of FY2026.

Mining operations for FY2026 are expected to be concentrated in the G-pit area with minor mining activity planned for the F and J pits late in the financial year.

The Company is expecting lower levels of primary mined ore feed during the first half of the financial year, as the mining operations focus on waste removal across the G-pit area to allow for higher levels of mined ore production during the second half of the financial year. The LHM mine plan has been optimised to deliver medium and high-grade ore to the processing plant with lower grade ore to be stockpiled for future processing.

Processing

Quarterly production volumes are expected to vary during FY2026, primarily due to access to primary mined ore feed to the processing plant in the first half of FY2026. Production is expected to be higher in the second half of FY2026 with a higher level of primary ore feed available to blend with the medium-grade stockpiled material.

The improvements in processing plant performance achieved during FY2025 are expected to be sustained in FY2026. The production guidance provided is based on considered plant availability and utilisation assumptions and includes allowances for expected water supply disruptions, estimated planned and unplanned maintenance activities, and general plant disruptions based on historical performance.

Story Continues

Sales

During FY2026, Paladin is expecting to continue to deliver uranium to its global customers in the US, Europe and Asia and will continue to look for opportunities to layer in new contracts with high quality counterparties.

Sales volumes, cash receipts and realised pricing are expected to vary quarter on quarter due to the timing of shipments, individual contract terms and prevailing spot prices.

Based on Paladin’s contract book as at 1 July 2025, the forecast realised uranium price sensitivities for FY2026 under a range of spot price assumptions are as follows:

Realised Price Sensitivity FY2026 Spot Price Assumption (US$/lb) Forecast Realised Price (US$/lb) 6 40 54 60 62 80 71 100 79 120 87 140 94

This announcement has been authorised for release by the Board of Directors of Paladin Energy Ltd.

Forfurtherinformationcontact:

Investor Relations
Head Office 
Paula Raffo
Paladin Investor Relations 
T: +61 8 9423 8100
E: [email protected]  Canada
Bob Hemmerling
Paladin Investor Relations 
T: +1 250-868-8140
E: [email protected]  Media
Head Office
Anthony Hasluck
Paladin Corporate Affairs
T: +61 438 522 194
E: [email protected] Canada
Ian Hamilton, Partner
FGS Longview
T: +1 905-399-6591
E: [email protected]

Notes:

Paladin has a 75% interest in the LHM USD/NAD FX assumption: 18.0 Existing uranium loans of 450,000lbs are assumed to be extended or replaced with similar arrangements during FY2026 Includes mining, stockpile rehandling, processing, site maintenance, and mine-level administrative costs, excluding costs such as cost of ore stockpiled, depreciation and amortisation, general and administration costs, royalties, exploration expenses, sustaining capital and the impacts of any inventory impairments or impairment reversals. Cost of Production is a Non-IFRS Measure. See “Non-IFRS Measures” below for more information Capital and Exploration expenditure includes ongoing TSF preparation work, NIMCIX resin replacement and infill and exploration drilling Key assumptions: The sensitivity analysis is based on the midpoint of the forecasted sales volume range (4.0Mlb) The forecast realised price assumes that the uranium spot price remains constant for the duration of the financial year Deliveries based on commitments under contracts include the Company’s estimate of the expected deliveries and takes into account the flexibility provided under existing contract terms To reflect escalation mechanisms contained in existing contracts, a forecast US inflation rate of 3% p.a. has been assumed in relation to escalation clauses under existing contracts

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