Paladin Energy Ltd Langer Heinrich Mine and Production Guidance Update Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Paul McTaggart - Citi - Analyst : Good morning. So I just wanted to ask, are there any restrictions on your pumping water out of pits given kind of contamination levels? So I mean, is that going to be an issue for you? Do you see -- is there a restriction on the rate you can pump out or where you have to pump out? Maybe if you could just kind of give us a sense of that, please.

Question: Paul McTaggart - Citi - Analyst : Thank you.

Question: Dim Ariyasinghe - UBS Securities Australia Ltd. - Analyst : Thanks, guys. Maybe just a couple of questions from me. So can you maybe just remind us of your sales commitments? And will you be able to meet them given lower production? Will you have to buy tonnes? Maybe just walk us through that, please.

Question: Dim Ariyasinghe - UBS Securities Australia Ltd. - Analyst : So FY25 -- remainder of FY25, it feels okay, but the issue -- it's maybe FY26. Like, do you have the rough split of pounds? Like, how many pounds you're on the hook for, for FY26 maybe? Have you given that out?

Question: Dim Ariyasinghe - UBS Securities Australia Ltd. - Analyst : Yeah, okay, cool. And maybe just one on the timelines. So prior to you guys moving or advancing or trying to advance the mine restart, you always had that end of calendar year '25 target for 6 million pounds. Can you maybe walk me through why that's shifted for six months when -- I mean, like, at this point, you're not advancing the mine restart. Is that likely to be June, July again? And then I guess, why the significant pushback on your '26 targets, I guess, if you could maybe help me with that?

Question: Dim Ariyasinghe - UBS Securities Australia Ltd. - Analyst : Okay, cool. And maybe just I might need to take that one offline. Just one last one. Namibia, it's not just you guys. Like, have you seen outages anywhere else, Husab, R÷ssing? Could we get maybe some spot price relief, as it may be a silver lining? But have you heard anything operationally of your peers? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 25, 2025 / 10:30PM, PDN.AX - Paladin Energy Ltd Langer Heinrich Mine and Production Guidance Update

Question: Dim Ariyasinghe - UBS Securities Australia Ltd. - Analyst : Okay, cool. Okay, thanks, guys. Cheers.

Question: Milan Tomic - J.P. Morgan Securities Australia Ltd. - Analyst : Yeah, good morning, guys. Thanks for the call. Just interested if you're able to provide an indication of where you see recovery rates and the grade profile over the next couple of quarters. I appreciate you can't give specific numbers. But can we still expect recoveries to be in the 85% to 90% range? And just where do you see the grade profile? Has the rain affected the grades in any way? Thanks.

Question: Milan Tomic - J.P. Morgan Securities Australia Ltd. - Analyst : Great. Thank you.

Question: Mitch Ryan - Jefferies - Analyst : Let's see if we can get this to work this time, guys. Thank you for taking my question. Can you just quantify the number of days that the operations were suspended? So obviously, you've given us a timeline of the rain events. But when was access to site first impacted, and then how long has the site been down for? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 25, 2025 / 10:30PM, PDN.AX - Paladin Energy Ltd Langer Heinrich Mine and Production Guidance Update

Question: Mitch Ryan - Jefferies - Analyst : Okay. And then -- okay. So clearly, there's multiple factors there that have been impacted. But do you have a sort of an expectation of when the plant will return to a normal operation, whether sort of the balances will be level and the feed will be consistent? Should we be thinking in units of days or weeks or months?

Question: Mitch Ryan - Jefferies - Analyst : Yeah. I understand that. And then could you provide us a bit of color? Obviously, there is access to the G pit, and I guess, the control was inside your fence. But then there's obviously been key damage to access roads and civil infrastructure. Can you outline the expected sort of remediation timeline for those and/or any CapEx that would be sort of Paladin's to bear?

Question: Mitch Ryan - Jefferies - Analyst : Okay. I really appreciate your time today. That's it for me.

Question: James Bullen - Canaccord Genuity - Analyst : Thanks, guys. Just another question around contractual commitments. I guess, a 1-in-50-year rain event should probably qualify for force majeure. But, Alex, you've got a 250,000-pound loan facility, don't you? Could you remind us how much is drawn on that?

Question: James Bullen - Canaccord Genuity - Analyst : Got it. Got it. And just trying to understand, so pulling guidance, initially, you were planning for mining operations to commence in June. And so that's been pushed out a little bit. But just around the pulling of the guidance, is there anything else in there apart from just the rain event that's resulted in you pulling the guidance?

Question: James Bullen - Canaccord Genuity - Analyst : Understood. Thank you.