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Paladin signs new uranium sales deals

Uranium miner Paladin Energy says a new series of uranium sales agreements - signed at well above spot prices - vindicates its confidence in the long-term outlook for the yellow metal.

The term sales agreements, for uranium product from Paladin's Langer Heinrich Stage 3 expansion in Namibia, were signed with three new customers in the US, and further strengthened Paladin's presence in that market.

Production commitments from the new agreements would be more than 2.8 million pounds of triuranium octoxide (U3O8), with deliveries beginning in 2012 and extending through to 2016.

Pricing would be the low to mid $US60s per pound of U3O8.

Paladin said it was reasonably expecting to enter into further term agreements in the coming months.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/03/18

1 year TSR5 year TSR
165thPaladin Energy62%-28%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

01/02/18
$0 Other
31/08/15
$20k Bought
07/08/15
$195k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Paladin Energy$127.8m
508 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Paladin Energy

221stAlexander Molyneux$524k
921stRick Crabb$112k
1582ndMark Chalmers$1k
Ranked by total remuneration from all listed WA companies

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