Paladin Energy Ltd. reported consolidated earnings and production results for the nine months ended March 31, 2017. Sales revenue of USD 69.4 million for 2017. Gross loss for 2017 of USD 22.2 million compared to a gross profit for 2016 of USD 25.7 million. Underlying EBITDA was USD 5.1 million, an USD 11.1 million deterioration from an underlying EBITDA of USD 16.2 million for 2016. Net loss after tax attributable to members of the Parent for 2017 of USD 84.0 million against net loss of USD 39.3 million a year ago. Cash outflow from operating activities was USD 43.7 million in 2017 against outflow of USD 35.4 million a year ago, primarily due to payments to suppliers and employees of USD 111.7 million and net interest paid of USD 14.6 million, which were partially offset by receipts from customers of USD 70.5 million and the receipt of USD 12.7 million of unearned revenue from the prepayment of sales.

For the nine months, the company production volume was 3.396 Mlb compared to 3.644 Mlb a year ago.

Key relevant guidance items for the quarter to 30 June 2017 include: Uranium production ­ In line with the reduced mining plan, the feed grade will be lower and uranium production is expected to be in the range of 0.75Mlb to 0.85Mlb. Uranium sales ­ Anticipated to be in the range of 1.1Mlb to 1.3Mlb U3O8. LHM C1 cash costs ­ Expected to be within the range of USD 21lb to USD 23/lb.

Guidance for the full-year to 30 June 2017: Uranium production ­ Expected to be in excess of 4.0Mlb U3O8. LHM C1 cash costs ­ Expected to be within the range of USD 16.50/lb to USD 18.50/lb.