Paladin Energy's milestone achievement at Langer Heinrich Mine

Paladin Energy Ltd (ASX: $PDN) has successfully achieved commercial production of uranium concentrate and drumming at the Langer Heinrich Mine (LHM) on 30 March 2024. The company will now focus on production ramp-up and building a finished product inventory in preparation for shipments to customers. Paladin's Chief Operating Officer, Paul Hemburrow, will take on the responsibility for all LHM activities as part of the transition to production.

Paladin CEO's Perspective on Langer Heinrich Mine Production

Paladin CEO, Ian Purdy, expressed, 'Achieving first production at the Langer Heinrich Mine is an important milestone for Paladin. I would like to thank all our staff and contractors for their hard work and dedication in returning this globally significant uranium mine to production. I would also like to thank the Namibian Government and our local communities in the Erongo region for their continued support. With a return to production, a strong balance sheet and supportive uranium fundamentals, Paladin is exceptionally well positioned to generate sustainable returns for all our stakeholders.'

Summary of Paladin Energy's Achievement and Outlook

Paladin Energy Ltd (ASX: $PDN) has successfully achieved commercial production at the Langer Heinrich Mine, marking a significant milestone for the company. The focus will now be on production ramp-up and building a finished product inventory in preparation for shipments to customers. Paladin will provide guidance for key FY2025 LHM operational parameters in July 2024. CEO Ian Purdy expressed gratitude towards the staff, contractors, Namibian Government, and local communities for their support. With a strong balance sheet and supportive uranium fundamentals, Paladin is well positioned to generate sustainable returns for all stakeholders. The company aims to continue its positive trajectory and contribute to the global uranium market.