SOURCE: Paladin Energy Ltd

Paladin Energy Ltd

December 16, 2015 01:17 ET

Paladin Energy Limited: Response to the Daily Times (Malawi) Article of 15 December 2015

PERTH, WESTERN AUSTRALIA--(Marketwired - December 16, 2015) - Paladin Energy Limited (Paladin) (ASX: PDN) (TSX: PDN) wishes to respond to an article which appeared in The Daily Times (Malawi) on 15 December 2015 under the title "Paladin sells off Kayelekera Mine". The article incorrectly asserts Paladin has sold all or part of its 85% interest in Kayelekera Mine to China National Nuclear Corporation. Paladin wishes to point out that there has been no change in its ownership of the Kayelekera Mine in Malawi. 

Kayelekera Mine was placed into care and maintenance in May 2014 due to low global uranium prices. A restart of Kayelekera Mine under favourable uranium market conditions would have the potential to quickly expand Paladin's overall production by in excess of 40%. 

Yours faithfully
Paladin Energy Ltd

ALEXANDER MOLYNEUX
Interim CEO

PALADIN ENERGY LTD 
ACN 061 681 098 

Contact Information

  • For additional information, please contact:
    Andrew Mirco
    Investor Relations Contact (Perth)
    Tel: +61-8-9423-8162 or Mobile: +61-409-087-171
    Email: andrew.mirco@paladinenergy.com.au