Company Announcements Office By Electronic Lodgement
Australian Securities Exchange
20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam
Paladin Statement on Japan Nuclear Situation and Conference Call Notice
Paladin Energy Ltd (Paladin or Company) expresses its deepest condolences to the people of Japan following the
tragic events of Friday 11 March 2011. �We are very saddened by the catastrophic events and extreme loss of life
following the dual natural disasters of an earthquake and tsunami�, stated John Borshoff, Managing Director/CEO of
Paladin. We are encouraged that Fukushima plant managers are making public safety their highest priority and
although the situation remains of grave concern it seems to be progressing slowly towards stabilisation of the
damaged reactors.
Paladin has had numerous queries regarding its business with Japan and the impact of recent events. While the Company endeavours to work with all participants in the nuclear sector and is developing a regional diversified sales portfolio, it does not currently have a commercial relationship with Japanese utilities. Paladin has a strong balance sheet with US$251.8M in cash as of 31 December 2010; is on track to produce 6Mlb to 6.3Mlb U3O8 in FY 2011; and commissioning of Langer Heinrich Mine Stage 3 expansion to 5.2Mlb U3O8 will occur in April giving the Company an installed capacity to provide 8.5Mlb U3O8 pa.
Paladin continues to believe that the medium and long-term outlook for nuclear power remains positive and that recent
events could further exacerbate the supply situation, ironically putting Paladin in an even better position with respect to
global demand. There are more than 440 nuclear reactors operating safely around the world and growth of the fleet is
assured with the 62 reactors currently under construction, with further expansion forecast from the emerging nuclear
economies.
Paladin will hold a conference call regarding the Japanese nuclear situation on Thursday 17 March details
below.
Paladin Energy Ltd
Investor Conference Call and Update - 17 March 2011
Paladin Update
Date: 17 March 2011
Time: 07:00 Perth
PLEASE CHECK THE WORLD CLOCK TO CONFIRM THE DATE AND START TIME FOR YOUR LOCAL TIME
ZONE.
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