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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