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PALADIN Clean energy . Clear future . ASX Announcement 27 August 2021 ANNUAL REPORT FOR THE YEAR ENDING 30 JUNE 2021 Level 8 , 191 St Georges Terrace PO Box 8062 Cloisters Square PO WA 6850 +61 8 9423 8100 paladin@paladinenergy.com.au paladinenergy.com.au PALADIN ENERGY LTD ABN 47 061 681 098 ASX code : PDN Paladin Energy Limited ( ASX : PDN OTCQX : PALAF ) ( " Paladin " or " the Company " ) is pleased to announce its financial results for the year ended 30 June 2021 . FY2021 HIGHLIGHTS Financial and Operational Performance • • • • During the year , Paladin continued to progress the critical - path elements of its Restart Plan¹ for the globally significant Langer Heinrich Mine , including : optimisation of pit design , tailings management and mining schedules high level project delivery schedule development appointment of key contractors The Langer Heinrich Mine remained on care and maintenance during the year The reset of Paladin's capital structure via completion of the successful Placement and Entitlement Offer raising A $ 218.7M ( before costs ) with redemption and cancellation of the US $ 115M Senior Notes and the discharge of all related security Cash expenditure for FY2021 of US $ 10.2M ( excluding one - off equity raise costs of US $ 7.6M and payments associated with the redemption of the US $ 115M Senior Notes ) FY2022 cash expenditure is forecast to be US $ 12.2M , ( including 100 % Langer Heinrich Mine costs ) , an increase from FY2021 cash expenditure , primarily due to investment in future growth options through exploration and the impact of the forecast strengthening of the Australian and Namibian dollars . Cash receivables are forecast to be US $ 3M with US $ 1M expected from CNNC Overseas Holding Limited ( Paladin's minority shareholder in 1 ASX Announcement " Langer Heinrich Mine Restart Plan " dated 30 June 2020