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PALADIN Clean energy . Clear future . ASX Announcement 26 February 2021 Half Year 2020/2021 Financial Results For the six months ending 31 December 2020 Level 4 502 Hay Street Subiaco WA 6008 +61 8 9423 8100 paladin@paladinenergy.com.au paladinenergy.com.au PALADIN ENERGY LTD ABN 47 061 681 098 ASX code : PDN ORTA Paladin Energy Limited ( ASX : PDN ) ( “ Paladin " ) is pleased to announce its financial results for the six months ended 31 December 2020 ( 1H FY2021 ) . FINANCIAL OVERVIEW Net loss of US $ 25.4M for the six months ( US $ 26.5M 1H FY2020 ) Unrestricted cash and cash equivalents of US $ 31.8M as at 31 December 2020 Debt Notes outstanding as at 31 December 2020 ( principal and interest ) of US $ 153.0M • Cash expenditure of US $ 4.6M for the six months ( US $ 10.4M 1H FY2020 ) • Full year cash expenditure guidance increased to US $ 10.5M ( previously US $ 9.5M ) due to the impact of the A $ / US $ exchange rate and one - off corporate restructure costs which are expected to provide ongoing cost savings . OPERATIONAL HIGHLIGHTS ● Paladin continued to progress the critical - path elements of its restart planning at the Langer Heinrich Mine ( LHM ) , including : O Optimisation of pit designs , tailings management , stockpile and Run Of Mine blending strategies O Ongoing detailed condition reviews across the site for the preparation of task prioritisation Updates of key plant documentation for process design changes • The Company continues to engage global nuclear energy utilities with the intent of securing uranium term - price contracts with sufficient term and value to underpin the restart of LHM ● Paladin's Sustainability Report 2020 was released , confirming the Company's commitment to delivering value through sustainable development .