HIGHLIGHTS? Strong sales revenue of US$106M for the quarter,...

HIGHLIGHTS

? Strong sales revenue of US$106M for the quarter, selling 1.92Mlb U3O8 at average price of
US$55.22/lb.

? Continued solid quarterly production, with year to date production for FY2013 versus FY2012 at a
record high.

- combined production for the March quarter of 1.992Mlb (904t) U3O8 was 95% of nameplate
production, a decrease of 9% from the December record quarter.

- year to date (9 months) production for FY2013 of 6.112Mlb (2,773t) U3O8 is a 26% increase over the
previous FY2012 period, reflecting 96% of combined nameplate and in line with guidance.

? Cost savings and optimisation initiatives continue successfully with unit production costs
continuing to reduce at both mines for the quarter.
? Langer Heinrich production of 1.230Mlb (558t) U3O8 achieving 96% of nameplate for the quarter.
- production was influenced by temporary water constraints and some operational issues. Those are
being resolved with improved water conservation measures in place and desalinated water
scheduled to be introduced in May.
- year to date production (9 months) for FY2013 remains slightly above nameplate.
- strong recovery of 86.7% versus design of 85%.
- feed grades of 810ppm U3O8 versus design of 800ppm.
- production capacity remains robust and above nameplate.

? Kayelekera production of 761,992lb (346t) U3O8 achieving 94% of nameplate for the quarter.

- average daily production at an all-time high for the quarter.

- feed grades of 1,094ppm U3O8 on track (design is 1,100ppm).

- record recovery of 87.1%.
- maintaining self sufficiency on acid requirements.
- safety milestone of 365 lost time injury free days achieved.

? Strategic initiative work advancing well with results expected mid June quarter.

? FY2013 production guidance of 8.0 – 8.5Mlb U3O8 remains well on target