PALADIN RESOURCES STOCK CODE: PDN

Paladin operates in the mineral resource sector and currently has uranium projects in Australia and Africa. In line with its long term vision of becoming a significant uranium producer, the Company’s strategy is to identify, acquire and evaluate advanced uranium projects. Since 1998, during a period of heavy downturn in global uranium markets, Paladin has been accumulating a quality portfolio of advanced projects with clear production potential.
PDN floated in 1993 after acquiring uranium assets and key staff from German company Uranerz. For ten years PDN was actively seeking to develop a uranium mine. In 2002 the company acquired the Langer Heinrich project from ASX listed company Acclaim Resources after they decided to focus on its Western Australian projects.
The recent strengthening of the uranium market, with forecasts of looming supply shortages and continued strong upward pressure on uranium oxide (U3O8) prices, has further enhanced Paladin’s position and gives it an excellent opportunity to become a significant supplier of primary uranium. uranium shares
A Bankable Feasibility Study (BFS) on the Langer Heinrich Uranium Project in Namibia has recently been completed by GRD Minproc (Pty) and a BFS is about to commence on the Company’s Kayelekera Project in Malawi. These are believed to be the two most advanced uranium projects in Southern Africa.
Paladin have many,many great uranium prospects, they seem to be several steps ahead, accumulate and develop before anyone elseStart-up for the Langer Heinrich Uranium Project is expected in September 2006 with a targeted production of 1,180tpa U3O8 and a minimum mine life of 11 years.