C1 cost of production for LHM has fallen from US$32.2/lb in the June 2012 quarter to US$29.4/lb in the June 2013 quarter, a decrease of 9%. C1 cost of production for KM has fallen quarter on quarter from US$52.2/lb in the June 2012 quarter to US$39.2/lb in the June 2013 quarter, a decrease of 25%. These results provide evidence that the cost benefits from the cost optimisation programme at KM are being realised. Further improvements in C1 costs are expected over the next 12 to 18 months as a number of additional cost saving initiatives at both sites have yet to be fully implemented. http://ir.paladinenergy.com.au/FormBuilder/DocumentDownload.ashx?item=P6DnbePRsU-iaIDP9gPbaw
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