• LHM ramp-up and transition to full mining operations has progressed well
• FY2026 production guidance increased to 4.5 - 4.8Mlb U3O8
• Capital and exploration expenditure guidance reduced to US$15M - US$17M

Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) has provided an operations and guidance update for the Langer Heinrich Mine (LHM) in advance of its March 2026 Quarterly Report. The LHM ramp-up and transition to full mining operations has progressed well during the first nine months of FY2026, with year-to-date production of 3.6Mlb U3O8. As a result, Paladin has revised its FY2026 guidance, increasing the U3O8 production range to 4.5 - 4.8Mlb (previously 4.0 - 4.4Mlb). The sales guidance remains unchanged at 3.8 - 4.2Mlb. The cost of production is expected to materially align with previous guidance of US$44 - US$48/lb. The capital and exploration expenditure guidance range has been reduced to US$15M to US$17M (previously US$26M - US$32M) due to reprioritisation and deferral of capital and exploration expenditure. The revised guidance is based on current operating conditions and assumptions and may be impacted by disruptions arising from current geopolitical events. Paladin continues to expect LHM to transition to full mining and processing plant operations by the end of FY2026.

FY2026 U3O8 Produced: 4.5 - 4.8Mlb Cost of Production: US$44 - US$48/lb Capital & Exploration Expenditure: US$15M - US$17M