General Announcement::Progress Update: Material Reduction in Costs in FY16

Issuer & Securities

Issuer/ Manager
PALADIN ENERGY LTD
Securities
PALADIN US$274M6%CB170430 - XS0775195562 - 2CKB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
30-Jul-2015 12:17:33
Status
New
Announcement Sub Title
Progress Update: Material Reduction in Costs in FY16
Announcement Reference
SG150730OTHR53IN
Submitted By (Co./ Ind. Name)
Paladin Energy Ltd/Felicity Evans
Designation
Personal Assistant
Effective Date and Time of the event
30/07/2015 17:00:00
Description (Please provide a detailed description of the event in the box below)
Paladin is pleased to advise of a material reduction in its forecast FY16 cash flow break-even level through a sustainable reduction in its forward all-in cash costs (including capital expenditure, corporate costs and debt servicing). These measures (outlined below) will reduce Paladin s total cash costs by more than US$33M (compared to FY15). Further measures that will be implemented within the Dec 2015 quarter are expected to bring the Company s overall cash flow to a break-even level that is sustainable even if the current low uranium price environment continues.

Attachments

15.07.30_Progress_Update_Material_Reduction_in_Costs_in_FY16.pdf
Total size =124K