SOURCE: Paladin Energy Ltd

Paladin Energy Ltd

March 02, 2015 07:00 ET

Paladin Energy Ltd: Thickener Failure Reduces Production for Approx 10 Days at Langer Heinrich

PERTH, WESTERN AUSTRALIA--(Marketwired - March 02, 2015) - Paladin Energy Ltd (TSX: PDN) (ASX: PDN) ("Paladin" or the "Company") wishes to advise that, the centrewell on pre-leach thickener #2 at Langer Heinrich failed, making this unit non-operational and necessitating its isolation from the process. Production now will rely on pre-leach thickener #1, reducing plant performance to around 45% of the production capacity. 

Pre-leach thickener #2 is likely to be off-line for 8 to 12 days overall while necessary repairs are undertaken. On this estimate, the likely production loss is expected to be up to 100,000lb U3O8 for this quarter. This will likely impact stated production guidance and any revision of this will be advised once a clearer schedule for restart to full production is determined.

ACN 061 681 098 

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