Paladin Energy’s Langer Heinrich Mine Restart Plan Confirms USD 81 million of Restart Expenditure

  • Jun 30, 2020 AEST
  • Team Kalkine

Paladin Energy Limited (ASX:PDN) disclosed the results of the Langer Heinrich Mine Restart Plan. The Restart Plan is now complete confirming restart capital, costs along with operational performance.

  • Langer Heinrich can be brought back into production for USD 81 million of pre-production cash expenditure.
  • The Restart Plan has confirmed a 17-year mine life for Langer Heinrich with peak manufacturing of 5.9Mlb U3O8 annually for seven years;
  • Langer Heinrich remains completely permitted to restart mining and Uranium exports.

Post announcement on 30 June 2020, PDN quoted at AUD 0.100 climbed by 6.383% at AEST 12:18 PM.

 


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