Paladin Energy Ord Shs PALAF

nice one

[kolokoy]

https://www.theglobeandmail.com/globe-investor/news-sources/?date=[phone]&archive=ccnm&slug=201407280959520001

Paladin Energy Ltd: Quarterly Activities Report for Period Ending June 30, 2014

Monday, July 28, 2014

 

Paladin Energy Ltd: Quarterly Activities Report for Period Ending June 30, 2014

08:36 EDT Monday, July 28, 2014

PERTH, WESTERN AUSTRALIA--(Marketwired - July 28, 2014) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) is pleased to provide its Quarterly Activities Report for the three month period ended June 30, 2014.

HIGHLIGHTS

• Langer Heinrich minority Joint Venture US$190M sale successfully completed.
  • CNNC now formally in joint venture with Paladin.
  • Balance of US$170M paid 23 July 2014.

• Strong production for FY14 and guidance met.
  • Combined production of 7.943Mlb (3,603t) U₃O₈ down 3.8% from FY13 and at the upper end of stated guidance (7.8Mlb to 8.0Mlb).
  • Langer Heinrich produced a record 5.592Mlb (2,537t) U₃O₈ up 5.7% from FY13.
  • Kayelekera produced 2.350Mlb (1,066t) U₃O₈ down from FY13 due to the implementation of Care and Maintenance.

• Langer Heinrich produced 1,338,831lb (607t) U ₃ O ₈ for the June quarter.
  • Recovery for the quarter was steady at 85.6%.
  • Feed grade for the quarter was 781ppm U₃O_8.

• Kayelekera produced 262,060lb (119t) U ₃ O ₈ for the June quarter.
  • Recovery for the quarter was 88.5%.
  • Production ceased on 6 May, plant clean out was completed on 23 May and the project is now on Care & Maintenance.

• Michelin Project.
  • Positive mineral resource update with 25% increase in Measured and Indicated Resources.