Uranium miner Paladin plans mining start in 2025
KALGOORLIE (miningweekly.com) – Mining operations at the Langer Heinrich mine, in Namibia, are expected to restart by June 2025, Paladin Energy CEO Ian Purdy said.
Speaking to Mining Weekly Online on the sidelines of the Diggers & Dealers conference, Purdy said that the first 15 months of operations at the Langer Heinrich plant would be fed from stockpiled material.
Langer Heinrich is on track to resume uranium production in the first quarter of next year, with the restart project on track and budget.
“We are looking at the first 15 months of stockpiled material, and in the middle of 2025 we will introduce fresh ore from the mine. But if we find the ramp-up goes better than expected, we are also ready to accelerate that mining ramp-up if we need to,” Purdy told Mining Weekly Online.
Restart costs for the Langer Heinrich operation have previously been estimated at $81-million, with the project’s life-of-mine production estimated at 77.4-million pounds over a 17-year mine life, at an estimated C1 cost of $27.40/lb.
Purdy said on Tuesday that there was significant potential to expand the orebody and explore the Paladin tenements, and that there was significant exploration potential in the region.
“We have world class processing facility infrastructure that has been dormant for many years, and prior to that the uranium market was constricted. So, no one has done any active groundwork on our tenement for over a decade. Once we are up and running, our first priority will be to expand, optimise and grow the operation in Namibia. But we have to deliver the base case first,” Purdy said.
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