Avril Klukowski

Langer Heinrich Mine

Who we are Langer Heinrich Uranium (Pty) Ltd operates a conventional open pit uranium mine located within the Namib Naukluft National Park, 90km east of the port of Walvis Bay in the Erongo Region of Namibia and 240km west of Windhoek, the capital of the country. We are a member of the Paladin Energy Ltd group of companies of Australia, which currently holds 75% ownership of LHU and is a public company listed on the Australian Securities Exchange and the Toronto Stock Exchange. CNNC Overseas Uranium Holding Limited, a wholly owned subsidiary of China Nuclear Corporation, holds the remaining 25% ownership shares of the mine. The official opening of the Operation was done on 14 March 2007. The first commercial product shipment occurred in the same month. Langer Heinrich Uranium has a proposed overall Life-of-Mine until 2039. We are currently operating a mineral resource of 149Mlb (million pounds) @ 514ppm (parts per million) at a capacity of 5.2Mlb per annum. Our mining license area is 40km2, of which less than 10% is currently disturbed, making our overall operational footprint less than 4km2. Through our Health, Safety, Radiation, Environment and Community Relations Policies, we affirm that our business exists to create shareholder value by becoming a major uranium supplier through: • Working safely; • Working with due regard to the welfare of our employees and that of the environment; • Respecting the attitudes and expectations of host communities; • Acting with integrity, honesty and cultural sensitivity; and • Contributing to the growth and prosperity Namibia through responsible community development. • We commit to operate within relevant national and international legal as well as voluntary requirements.