Replace on the Langer Heinrich Mine and Manufacturing Steering

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PERTH, Australia, March 27, 2025 (GLOBE NEWSWIRE) — Paladin Vitality Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (Paladin or the Firm) advises that operations have resumed on the Langer Heinrich Mine (LHM) following the momentary suspension attributable to a big climate occasion¹.

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Unseasonal heavy rainfall has occurred in Namibia, with the LHM experiencing a one-in-fifty-year rainfall occasion. This impacted the Firm’s plans to speed up the graduation of mining and resulted in short-term disruptions to operations. These included the transport of individuals to web site, restricted feed to the crushers because of the saturation of stockpiled ore, and extra floor water proscribing secure entry to the processing plant.

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While there seems to be no vital injury to the processing plant and our persons are secure, there was injury to the entry roads and minor civil infrastructure on the LHM web site, and to the haul roads to the mine. Entry to the LHM has now been re-established and processing plant operations have resumed. Paladin expects the processing plant to return to regular operation because the in-circuit stock and chemistry stabilises and stockpiled ore saturation ranges lower.

The Firm was advancing the early graduation of mining to entry larger grade ore. The rain throughout Namibia has delayed the mobilisation of key mining tools and personnel to web site and has resulted in water ingress into the open mining pits. While onsite pumping infrastructure is enough to de-water the pits, entry to the pits to start mining is more likely to be delayed.

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The disruption to early graduation of mining, along with the short-term impression of the suspension of operations, and the difficulties related to processing saturated stockpiled ore, has resulted in Paladin withdrawing manufacturing steerage for FY2025.

Paladin nonetheless expects to enhance manufacturing ranges within the second half of CY2025 with the mixing of ore from the open pit mines. Nonetheless, the disruption to the anticipated begin of mining implies that the Firm doesn’t count on the LHM to realize nameplate run-rate steerage of 6Mlb by the tip of CY2025. The acceleration of mining was a key initiative in offsetting the underperformance of stockpile ore and reaching nameplate manufacturing.

The LHM staff continues to drive operational enhancements and progress the development of mining. Improved water provide outcomes and robust ranges of plant recoveries have supplied a platform for enhancing plant manufacturing. Regardless of the delays and disruptions, the popular mining contractor,

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¹  _{Confer with Paladin’s ASX Announcement titled “Unseasonal rains impression the Langer Heinrich Mine” dated 21 March 2025, obtainable at https://www.paladinenergy.com.au/buyers/asx-announcements/.}

Trollope Mining, has commenced mining tools mobilisation and the recruitment and coaching of operators. All mining permits are in place and the blasting contractor has accomplished mobilisation.

The Firm will present additional particulars of manufacturing and mining within the March 2025 Quarterly Actions Report in April 2025 and appears ahead to offering steerage for FY2026 with the discharge of its FY2025 monetary leads to August 2025.

Paladin will maintain a convention name at the moment, Wednesday 26 March 2025, at 9.30am AEDT² (Tuesday, 25 March 2025, at 6.30pm EDT³). To take part within the reside teleconference, please register on the hyperlink under:

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https://s1.c-conf.com/diamondpass/10046354-u7y6t5.html

Please be aware it is strongly recommended to go browsing not less than 5 minutes earlier than the scheduled graduation time to make sure you are registered in time for the beginning of the decision.

A recording of the decision can be obtainable on Paladin’s web site shortly after its conclusion.

This announcement has been authorised for launch by the Board of Administrators of Paladin Vitality Ltd

For additional data contact:

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²
_{AEDT: Australian Jap Daylight Time (Sydney time)}
³
_{EST: Jap Daylight Time (Toronto time)}

Cautionary Observe Relating to Ahead Trying Statements

This announcement comprises sure “ahead trying statements” inside the that means of Australian securities legal guidelines and “ahead trying data” inside the that means of Canadian securities legal guidelines (collectively known as “ahead trying statements”). All statements, aside from statements of historic reality, that tackle circumstances, occasions, actions or developments that would, or might or will happen are ahead trying statements. Ahead trying statements contain subjective judgment and evaluation and are topic to vital uncertainties, dangers and contingencies together with these danger elements related to the mining trade, lots of that are exterior the management of, change with out discover, and could also be unknown to Paladin. These dangers and uncertainties embrace however will not be restricted to liabilities inherent in mine improvement and manufacturing, geological, mining and processing technical issues, the lack to acquire any further mine licences, permits and different regulatory approvals required in reference to mining and third social gathering processing operations, competitors for amongst different issues, capital, acquisition of reserves, undeveloped lands and expert personnel, incorrect assessments of the worth of acquisitions, adjustments in commodity costs and trade charges, foreign money and curiosity fluctuations, varied occasions which might disrupt operations and/or the transportation of mineral merchandise, together with labour stoppages and extreme climate circumstances, the demand for and availability of transportation providers, the flexibility to safe enough financing and administration’s skill to anticipate and handle the foregoing elements and dangers.

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Ahead trying statements can usually be recognized by means of forward-looking phrases resembling “anticipate”, “count on”, “possible”, “suggest”, “will”, “intend”, “ought to”, “might”, “might”, “imagine”, “forecast”, “estimate”, “goal”, “outlook”, “steerage” (together with unfavourable or grammatical variations) and different related expressions. No illustration, guarantee, assure or assurance, categorical or implied, is given or made in relation to any forward-looking assertion. Particularly no illustration, guarantee or assumption, categorical or implied, is given in relation to any underlying assumption or that any forward-looking assertion can be achieved. There will be no assurance that the forward-looking statements will show to be correct. Precise and future occasions might range materially from the forward- trying statements and the assumptions on which the forward-looking statements had been primarily based, as a result of occasions and precise circumstances ceaselessly don’t happen as forecast and future outcomes are topic to recognized and unknown dangers resembling adjustments in market circumstances and laws.

Given these uncertainties, readers are cautioned to not place undue reliance on such forward-looking statements, and may depend on their very own unbiased enquiries, investigations and recommendation concerning data contained on this announcement. Any reliance by a reader on the data contained on this announcement is wholly on the reader’s personal danger.

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