Photo by: Bloomberg
ASX-listed uranium producer Paladin Energy has achieved uranium concentrate production and drumming at the Langer Heinrich Mine (LHM), in Namibia, as of March 30.
The company said in a statement on April 2 that focus would now shift to production ramp-up and building a finished product inventory, ahead of shipments to customers.
As part of the transition to production, Paladin COO Paul Hemburrow will assume responsibility for all LHM activities.
In July, Paladin will provide guidance for key LHM operational parameters for the 2025 financial year.
“Achieving first production at the LHM is an important milestone for Paladin [in] returning this globally significant uranium mine to production. With a return to production, a strong balance sheet and supportive uranium fundamentals, Paladin is . . . well positioned to generate sustainable returns for all our stakeholders,” CEO Ian Purdy said.