Paladin Energy : Quarterly Cashflow Report 31 December 2021

Rule 5.5

Appendix 5B

Mining exploration entity or oil and gas exploration entity

quarterly cash flow report

Name of entity
	PALADIN ENERGY LTD
ABN	Quarter ended ("current quarter")
47 061 681 098	31 December 2021

Consolidated statement of cash flows

1. Cash flows from operating activities

1.1 Receipts from customers

1.2 Payments for

(a) exploration & evaluation (if expensed)

(b) development

(c) production

1. staff costs (excludes direct exploration and care and maintenance costs)
2. administration and corporate costs
3. care and maintenance costs

Current quarter	Year to date
	(6 months)
US$'000	US$'000
-	-
-	-
-	-
-	-
(633)	(1,448)
(337)	(882)
(900)	(1,574)

1.3	Dividends received (see note 3)	-	-
1.4	Interest received	16	28
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	(1)	(1)
1.7	Government grants and tax incentives	-	-
1.8	Other (provide details if material)	124	129
1.9	Net cash from / (used in) operating	(1,731)	(3,748)
	activities

2.	Cash flows from investing activities
2.1	Payments to acquire:
	(a)	entities	-	-
	(b)	tenements	-	-
	(c) property, plant and equipment	(90)	(144)

ASX Listing Rules Appendix 5B (01/12/19)	Page 1
+ See chapter 19 of the ASX Listing Rules for defined terms.
2022.01.27 ASX PDN Quarterly Cashflow Report 31 December 2022.DOCX

Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows	Current quarter	Year to date
		(6 months)
	US$'000	US$'000
(d) exploration & evaluation (if capitalised)	-	-

	(e)	investments	-	-
	(f)	other non-current assets	-	-
2.2	Proceeds from the disposal of:
	(a)	entities	-	-
	(b)	tenements	-	-
	(c)	property, plant and equipment	-	-
	(d)	investments(1)	-	13,386
	(e)	other non-current assets	-	-
2.3	Cash flows from loans to other entities	-	-
2.4	Dividends received (see note 3)	-	-
2.5a	Capitalised exploration and evaluation	(194)	(662)
2.5b	Langer Heinrich: restart study costs	(522)	(932)
2.6	Net cash from / (used in) investing	(806)	11,648
	activities

1. Sale of 90M shares in Lotus Resources Ltd.

3. Cash flows from financing activities

3.1 Proceeds from issues of equity securities

	(excluding convertible debt securities)	-	-
3.2	Proceeds from issue of convertible debt	-	-
	securities
3.3	Proceeds from exercise of options	-	-
3.4	Transaction costs related to issues of equity	-	-
	securities or convertible debt securities
3.5	Proceeds from borrowings	-	-
3.6	Repayment of borrowings	-	-
3.7	Transaction costs related to loans and	-	-
	borrowings
3.8	Dividends paid	-	-
3.9	Other (provide details if material)(2)	-	537
3.10	Net cash from / (used in) financing	-	537
	activities

1. Advance of loan from CNNC to Langer Heinrich Uranium Pty Ltd to fund care & maintenance activities.

ASX Listing Rules Appendix 5B (01/12/19)	Page 2
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Consolidated statement of cash flows	Current quarter	Year to date
		(6 months)
	US$'000	US$'000

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1	Cash and cash equivalents at beginning of	40,480	30,661
	period
4.2	Net cash from / (used in) operating	(1,731)	(3,748)
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	(806)	11,649
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities	-	537
	(item 3.10 above)
4.5	Effect of movement in exchange rates on	97	(1,059)
	cash held
4.6	Cash and cash equivalents at end of	38,040	38,040
	period

5.	Reconciliation of cash and cash	Current quarter	Previous quarter
	equivalents	US$'000	US$'000
	at the end of the quarter (as shown in the
	consolidated statement of cash flows) to the
	related items in the accounts
5.1	Bank balances	19,027	29,283
5.2	Call deposits	19,013	11,197
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	-	-
5.5	Cash and cash equivalents at end of	38,040	40,480
	quarter (should equal item 4.6 above)

6.	Payments to related parties of the entity and their	Current quarter
	associates	US$'000
6.1	Aggregate amount of payments to related parties and their	100
	associates included in item 1 (1)
6.2	Aggregate amount of payments to related parties and their	-
	associates included in item 2

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments

1. Payments relate to Directors' Fees.

ASX Listing Rules Appendix 5B (01/12/19)	Page 3
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report

7. Financing facilities

Note: the term "facility' includes all forms of financing arrangements available to the entity.

Add notes as necessary for an understanding of the sources of finance available to the entity.

7.1 Loan facilities

7.2 Credit standby arrangements

7.3 Other (please specify)

7.4 Total financing facilities

Total facility	Amount drawn at
amount at quarter	quarter end
end	US$'000
US$'000
-	-
-	-
-	-
-	-

7.5

Unused financing facilities available at quarter end

-

7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

.

8.	Estimated cash available for future operating activities	US$'000
8.1	Net cash from / (used in) operating activities (Item 1.9)	(1,731)
8.2	Capitalised exploration & evaluation (Item 2.5(a))	(194)
8.3	Total relevant outgoings (Item 8.1 + Item 8.2)	(1,925)
8.4	Cash and cash equivalents at quarter end (Item 4.6)	38,040
8.5	Unused finance facilities available at quarter end (Item 7.5)	-
8.6	Total available funding (Item 8.4 + Item 8.5)	38,040
8.7	Estimated quarters of funding available (Item 8.6 divided by	20
Item 8.3)

8.8 If Item 8.7 is less than 2 quarters, please provide answers to the following questions:

1. Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

Answer:

2. Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?

Answer:

3. Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

Answer:

ASX Listing Rules Appendix 5B (01/12/19)	Page 4
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report

Compliance statement

1. This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
2. This statement gives a true and fair view of the matters disclosed.

Date: 27 January 2022

This release has been authorised for release by the Board of Directors of Paladin Energy Ltd.

Notes

1. This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity's activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.
2. If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
4. If this report has been authorised for release to the market by your board of directors, you can insert here: "By the board".
   If it has been authorised for release to the market by a committee of your board of directors, you can insert here: "By the [name of board committee - eg Audit and Risk Committee]". If it has been authorised for release to the market by a disclosure committee, you can insert here: "By the Disclosure Committee".
5. If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.

ASX Listing Rules Appendix 5B (01/12/19)	Page 5
+ See chapter 19 of the ASX Listing Rules for defined terms.