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PALADIN ENERGY LIMITED

ASX: PDN

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Paladin is listed on the Australian Securities Exchange, Toronto Stock Exchange and Namibian Stock Exchange under the symbol PDN. The Company also trades on the Munich, Berlin, Stuttgart, and Frankfurt Exchanges under the symbol PUR. Paladin is a uranium production company with projects currently in Australia and two mines in Africa with a strategy to become a major uranium mining house. Since 1998, during a period of sustained downturn in global uranium markets, Paladin accumulated a quality portfolio of advanced uranium projects each having production potential.

The Langer Heinrich Mine in Namibia is Paladinís flagship project. Having reached its initial production of 2.7Mlb U3O8 per annum in 2008, the mine completed its Stage 2 ramp-up to 3.7Mlb per annum in the 2010 financial year. Subsequently, the Company has completed a Stage 3 expansion and is now producing at a 5.2Mlb per annum rate.

The Kayelekera Mine in Malawi, the Companyís second mine, provided an excellent follow-up to Langer Heinrich. A Development Agreement with the Government of Malawi was executed in February 2007, which provides fiscal stability for the project for ten years. KM was officially opened in April 2009 and is capable of operating at design production rates of 3.3Mlb U3O8. Unfortunately, despite improvements to both processing recoveries and costs, the extended downturn in uranium price has resulted in Kayelekera Mine being placed on 'care and maintenance' until there is a significant improvement in the uranium price outlook. Regional exploration is currently focussed on identifying additional resources to extend the expected life of the project when processing at the Kayelekera Mine resumes.

Please follow this link to see an overview of all of Paladin's projects.

Paladin also holds an 82.08% interest in Summit Resources Limited (ASX Code:SMM)

Mine For

uranium

Location of operation(s)

Namibia, Malawi, Western Australia, Canada, Queensland, Northern Territory

Address

Level 4, 502 Hay St,
SUBIACO, WA, AUSTRALIA

Phone

(08) 9381 4366

Email

Website


Last Updated

8/4/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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