# PDN: Quarterly Report - September 2026 Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pdn-quarterly-report-september-2026--ff8ed8eb-9794-4563-a883-f30578f8dd65 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152034 Publisher: asx Original announcement: 2026-10-13T21:57:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T22:15:39.431Z Atlas analysis updated: 2026-10-13T22:15:39.431Z - Company: Paladin Energy - Ticker: PDN - Exchange: ASX - Region: Unavailable - Primary commodity: Uranium - Secondary commodities: None reported - Document categories: Production, Drill results, Agreement transaction - Extracted: 2026-10-13 22:15:40 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Paladin Energy reported Q1 FY2027 results for the Langer Heinrich Mine, noting lower production \(1.00Mlb U3O8\) due to a planned shutdown and pit transition, despite strong realised prices of US$79.4/lb. In Canada, the company achieved key milestones including a Mutual Benefits Agreement for the PLS Project and high-grade exploration results at the Atlas discovery. Reasoning: The report shows a mixed quarter: strong pricing and exploration success are offset by operational headwinds at the Langer Heinrich Mine \(LHM\) including a maintenance shutdown and pit transition. - Positive factor: Strong realised uranium prices \(US$79.4/lb\) - Positive factor: Successful exploration extensions at Atlas and Saloon East - Positive factor: Signing of Mutual Benefits Agreement with Birch Narrows Dene Nation - Positive factor: Progress on CNSC regulatory pathway for PLS Project - Negative factor: Lower production due to planned maintenance and ore characteristics - Negative factor: Higher unit Cost of Production \(US$61.6/lb\) compared to prior quarter Facts used in scoring: 5 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling successfully extended mineralisation at Atlas and Saloon East discoveries and beyond the current R1515W Mineral Resource. Evidence · text > successfully extended mineralisation at the emerging Atlas and Saloon East discoveries and beyond the current R1515W Mineral Resource **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The report mentions resource drilling and exploration drilling but does not explicitly detail specific QA/QC protocols in this summary text. Evidence · text > A total of 15,222m of resource drilling was completed during the quarter ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### PLS26-782 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-quarterly-report-september-2026--ff8ed8eb-9794-4563-a883-f30578f8dd65#fact-drill-facts-0) Patterson Lake South · uranium #### Identity - Hole ID: PLS26-782 - Project: Patterson Lake South - Commodity: uranium - Region: canada\_sk - Reported Region: canada\_sk - Ticker: PDN #### Geometry - Grade: 0.7 - Grade Unit: % - Intercept: 26.4 m #### Classification - Sample Type: drill - Group ID: PLS26-782:26.4 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Significant high-grade intercept contributing to the Atlas discovery's potential. - Positive factor: High-grade intersection - Positive factor: Highest GT result at Atlas to date Evidence · text > drillhole PLS26-782, which intersected 42.1m of total composite mineralisation, including 26.4m grading 0.7% eU3O8 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PLS26-782 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-quarterly-report-september-2026--ff8ed8eb-9794-4563-a883-f30578f8dd65#fact-drill-facts-1) Patterson Lake South · uranium #### Identity - Hole ID: PLS26-782 - Project: Patterson Lake South - Commodity: uranium - Region: canada\_sk - Reported Region: canada\_sk - Ticker: PDN #### Geometry - Grade: 1.8 - Grade Unit: % - Intercept: 12.5 m #### Classification - Sample Type: drill - Group ID: PLS26-782:26.4 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: High-grade component of the PLS26-782 intercept. - Positive factor: Very high grade sub-interval Evidence · text > 12.5m grading 1.8% eU3O8 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PLS26-729 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-quarterly-report-september-2026--ff8ed8eb-9794-4563-a883-f30578f8dd65#fact-drill-facts-2) Patterson Lake South · uranium #### Identity - Hole ID: PLS26-729 - Project: Patterson Lake South - Commodity: uranium - Region: canada\_sk - Reported Region: canada\_sk - Ticker: PDN #### Geometry - Grade: 0.1 - Grade Unit: % - Intercept: 19.7 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Moderate grade intercept confirming the Saloon East discovery. - Positive factor: Confirmed mineralisation at Saloon East Evidence · text > 19.7m of total composite mineralisation grading 0.1% eU3O8 in drillhole PLS26-729 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PLS26-779 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-quarterly-report-september-2026--ff8ed8eb-9794-4563-a883-f30578f8dd65#fact-drill-facts-3) Patterson Lake South · uranium Needs review: ungrounded #### Identity - Hole ID: PLS26-779 - Project: Patterson Lake South - Commodity: uranium - Region: canada\_sk - Reported Region: canada\_sk - Ticker: PDN #### Geometry - Grade: 0.7 - Grade Unit: % - Intercept: 3.4 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: ungrounded - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: High-grade sub-interval in a new zone near the existing resource. - Positive factor: High-grade zone identified near Triple R Evidence · text > drillhole PLS26-779 returned 12.7m of total composite mineralisation, including 3.4m grading 0.7% eU3O8 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PLS26-779 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-quarterly-report-september-2026--ff8ed8eb-9794-4563-a883-f30578f8dd65#fact-drill-facts-4) Patterson Lake South · uranium Needs review: ungrounded #### Identity - Hole ID: PLS26-779 - Project: Patterson Lake South - Commodity: uranium - Region: canada\_sk - Reported Region: canada\_sk - Ticker: PDN #### Geometry - Intercept: 12.7 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: ungrounded - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Total composite interval for PLS26-779. - Positive factor: Identified new high-grade zone Evidence · text > drillhole PLS26-779 returned 12.7m of total composite mineralisation #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.