Paladin Energy Ltd: Langer Heinrich Achieves Design Production for the Full Quarter
Paladin Energy Ltd announce that it has reached nameplate production at Langer Heinrich for the quarter ending 30 September 2008 producing 650,560lb U3O8 for this period. This quarterly production amounts to 2,602,239lb on an annualised basis. Stage I design (or nameplate) production is specified at 2,600,000lb U3O8 per annum.
The Board regards this as a significant milestone event for the Company highlighting that Paladin is establishing itself as the premier emerging uranium mining house. This achievement should provide further confidence that the current Stage II expansion which is underway and the follow up Stage III expansion that is contemplated will reach their stated production targets with the group showing strong evidence of its production and operational competency.
Full details of the Company’s 3 month activities will be provided in the September quarterly, which will be released mid October.
Contacts: Paladin Energy Ltd John Borshoff Managing Director
+61-8-9381-4366 or Mobile: +61-419-912-571
Paladin Energy Ltd Greg Taylor Investor Relations Contact (905) 337-7673 or Mobile (416) 605-5120 (Toronto) Email: greg.taylor@paladinenergy.com.au
Website: http://www.paladinenergy.com.au
