About Paladin Energy Ltd

Paladin Energy Limited develops and operates uranium mines in Australia, Canada, and Africa Langer Heinrich Mine (LHM) LHM is located in the Namib Desert in Namibia. The company owns 75% of LHM in Namibia through its Namibian subsidiary, Langer Heinrich Uranium (Pty) Ltd. Kayelekera Mine (KM) KM is located in northern Malawi. Exploration The company has uranium exploration projects in Australia and Canada. Canada Michelin Project The company, through its wholly-owned subsidiary Aurora Energy Ltd (Aurora), holds rights to 91,500 hectares of mineral claims within the Central Mineral Belt of Labrador (CMB), Canada. It holds a 55% interest in a special purpose joint venture (Michelin Joint Venture), which owns the Michelin Project. Queensland Mount Isa Project The Mount Isa Project, which is wholly-owned by Paladin, is located 40km north of Mount Isa and consists of three Exploration Permits for Minerals and six Mineral Development Licences. The Mount Isa Project includes 10 deposits containing 106.2Mlb U3O8 Measured and Indicated Mineral Resources as well as 42.2Mlb U3O8 Inferred Mineral Resources. Western Australia Manyingee Project Manyingee is located in the north-west of Western Australia, 1,100km north of Perth and 85km inland from the coastal township of Onslow. The property conisists of three mining leases covering 1,307 hectares. Carley Bore Carley Bore is located approximately 100km south of Manyingee in Western Australia. Carley Bore consists of two contiguous exploration licences with granted retention status. History The company was incorporated in 1993. It was formerly known as Paladin Resources Ltd and changed its name to Paladin Energy Limited in 2007.