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Paladin Energy Ltd.
Summary
| Project: | Langer Heinrich | |
|---|---|---|
| Deposit: | Langer Heinrich | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 10/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 14-10-2019: Paladin Energy Ltd. announces a Pre-Feasibility Study report for its Langer Heinrich deposit at the Langer Heinrich project. PFS for re-start of Langer Heinrich Mine. Uranium developer Paladin Energy Limited (ASX:PDN) (“Paladin”) is pleased to | |
| Resources: | ||
| CP/QP: | [Resources]: David Princep (Gill Lane Consulting) | |
| ABSTRACT: | Uranium developer Paladin Energy Limited (ASX:PDN) (“Paladin”) is pleased to announce improved economics to re-start its flagship Langer Heinrich Mine in Namibia (refer Figure 1) following the completion of the first stream of the Pre-Feasibility Study (PFS1) which focused on a rapid, low capital and low risk restart. Paladin CEO Scott Sullivan said, “The Langer Heinrich mine is a world class uranium asset and this study confirms Paladin’s key position as a first mover back into production in a recovering uranium market.” “Paladin has assembled a first-class team to conduct these studies and they have systematically reviewed in detail the entire Langer Heinrich production history and processes, challenging past practices where necessary and have brought in diverse experience from other companies and commodities to envision an exciting new future for Langer Heinrich.” “Achieving production of over 5Mlb pa at a cost of under US$30/lb AISC and with a 12-month lead time on execution, were key targets of the board and executive team and will see Langer Heinrich in an enviable position when uranium prices recover. This study continues to demonstrate the high quality and potential of the asset and provides a solid foundation for a confident and successful restart.” | |
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