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Paladin Energy Ltd.
PDN.TO • Langer Heinrich Mine • Patterson Lake South (PLS) Project
Paladin Energy Ltd.
PDN.TO
Latest notebook-shaped company presentation stored for this ticker.
Projects
2
Report date
2026-01-21
Project list
Langer Heinrich Mine, Patterson Lake South (PLS) Project
Presentation page
Source PDF
Project detail
Langer Heinrich Mine
Producing Project
Namibia
Ramp-up to full mining and operations underway; production ongoing • Ramp-up
Overview
Country
Namibia
Region
Erongo Region
Current status
Ramp-up to full mining and operations underway; production ongoing
2 projects in this company presentation
Report date 2026-01-21
Paladin Energy Ltd. • PDN.TO • 2 projects
Ownership
75.0%
Strategic shareholders
CNNC
Mine type
Open pit (implied from context and images)
Classification
Project stage
Producer
Substage
Ramp-up
Active milestone
Ramp-up to full mining and operations
Completed milestones
Restarted production, Ore Reserves and Mineral Resources defined
Resources
Measured + indicated
113.7 Mlb
M&I grade
425.0 ppm
Inferred
8.4 Mlb
Inferred grade
345.0 ppm
Total resources
122.1 Mlb
Cutoff grade
200.0 ppm
Reserves
Proven reserves
51.0 Mlb
Proven grade
491.0 ppm
Probable reserves
8.8 Mlb
Probable grade
421.0 ppm
Total reserves
77.5 Mlb
Cutoff grade
250.0 ppm
Endowment
Core endowment
94.2 Mlb
Core ownership
75.0%
Grade
425.0 ppm
Field recovery rate
91.0%
Financials
Production rate
4.0
Total production
77.5 Mlb
Recovery rate
91.0%
Cash costs
$39.70/lb
Realized sales price
$71.80/lb
Notes
Highlights
Multi-decade production, ramp-up underway, significant contracted sales to 2030.
Country attractiveness
Namibia is a major uranium producing country with established mining sector.
Resource context
Ore Reserves and Mineral Resources updated as at 30 June 2025.
Technical context
Conventional open pit mining and processing.
Financial context
Strong contract book, 85% of Ore Reserve exposed to market-related prices or uncontracted.
Offtake agreements
Life of mine sales agreement with CNNC; 23 Mlb contracted to 2030.
Recent achievements
Restarted production, ramp-up ongoing, increased production and sales in FY2026.
Work ongoing
Ramp-up, mining fleet commissioning, ongoing production.
Next steps
Ramp-up to full mining and processing operations planned for FY2027.
Additional minerals
Vanadium (V2O5) reported in resources table.
Patterson Lake South (PLS) Project
Developing Project
Canada
Development; FEED and permitting ongoing; first production targeted for 2031 • FEED
Overview
Country
Canada
Region
Athabasca Basin, Saskatchewan
Current status
Development; FEED and permitting ongoing; first production targeted for 2031
Permit status
Permitting ongoing (EIS in progress)
Ownership
100.0%
Mine type
Underground (conventional hard rock)
Classification
Project stage
Developer
Substage
FEED
Active milestone
FEED and permitting
Completed milestones
Feasibility Study completed, Engineering Review completed
Resources
Measured + indicated
118.8 Mlb
M&I grade
18,800.0 ppm
Inferred
10.9 Mlb
Inferred grade
11,900.0 ppm
Total resources
129.7 Mlb
Cutoff grade
2,500.0 ppm
Reserves
Probable reserves
93.7 Mlb
Probable grade
14,100.0 ppm
Total reserves
93.7 Mlb
Cutoff grade
2,000.0 ppm
Endowment
Core endowment
118.8 Mlb
Core ownership
100.0%
Field recovery rate
97.0%
Financials
Production rate
9.1
Total production
90.9 Mlb
Life of mine
10.0 years
Uranium price used
$65.00/lb
Recovery rate
97.0%
Payback
2.4 years
Capex
$1,226M
Sustaining capex
$325M
AISC
$15.20/lb
Cash costs
$11.70/lb
Strategics
Offtake contracted
0.0%
PFS / DFS
2023-01-17
Production
2031-01-01
Notes
Highlights
High-grade, shallow Triple R deposit; 9Mlb p.a. average production over 10 years; significant exploration upside.
Country attractiveness
Saskatchewan is a top 10 mining jurisdiction globally; Canada is the world's #2 uranium producer.
Resource context
Mineral Resources and Reserves as at 30 June 2025 (resources) and 17 January 2023 (reserves).
Permit context
EIS in progress; engagement with Indigenous Nations and regulators ongoing.
Technical context
Conventional underground mining; proven Athabasca flowsheet.
Financial context
Pre-production capex US$1,226M; robust economics confirmed by Engineering Review.
Economic sensitivity
100% exposure to market-related pricing.
Offtake agreements
None; 100% market-related pricing exposure.
Recent achievements
Engineering Review completed; winter drilling program mobilised and commenced January 2026.
Work ongoing
FEED, permitting, winter drilling program.
Next steps
Complete permitting (EIS), advance FEED, prepare for construction.
Resource extension potential
Potential for mine life extension via resource conversion and exploration (Saloon East trend, underexplored areas).
Additional minerals
Gold (Au) reported in resources table.