# PDN: September 2026 Quarter Presentation Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152041 Publisher: asx Original announcement: 2026-10-13T22:01:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T22:21:49.439Z Atlas analysis updated: 2026-10-13T22:21:49.439Z - Company: Paladin Energy Ltd - Ticker: PDN - Exchange: ASX - Region: Unavailable - Primary commodity: Uranium - Secondary commodities: Vanadium, Gold - Document categories: Other, Production, Drill results, Resource update - Extracted: 2026-10-13 22:21:50 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Paladin Energy reported its September 2026 quarterly results, highlighting strong average realized uranium prices and solid production from the Langer Heinrich Mine, despite a temporary dip due to planned maintenance. The company also announced significant progress in permitting for its Patterson Lake South Project, including a Mutual Benefits Agreement and an administrative protocol with the CNSC. New high-grade exploration results were reported from the PLS Project, extending mineralization at the Atlas, Saloon East, and Triple R deposits. Reasoning: Paladin Energy reported solid quarterly production and sales for its Langer Heinrich Mine with strong realized prices, alongside significant progress in permitting and new high-grade exploration results at the Patterson Lake South Project, despite a temporary dip in LHM production due to planned maintenance. - Positive factor: Strong average realised uranium price of US$79.4/lb - Positive factor: Progress on PLS Project permitting with Mutual Benefits Agreement and CNSC protocol - Positive factor: New high-grade exploration results extending mineralization at PLS Project \(Atlas, Saloon East, Triple R\) - Negative factor: LHM production impacted by planned maintenance and ore characteristics, resulting in lower production and recovery at the bottom-end of the target range for the quarter - Negative factor: Metal equivalent grades \(eU3O8\) reported for drill results without disclosing assumptions - Negative factor: No specific QA/QC methods or compositing cut-off grades disclosed for drill results Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 61 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Exploration drilling successfully extended mineralisation at the emerging Atlas and Saloon East discoveries and beyond the current R1515W Mineral Resource at the Triple R deposit. Evidence · text > Exploration drilling completed at PLS successfully extended mineralisation at the emerging Atlas and Saloon East discoveries and beyond the current R1515W Mineral Resource at the Triple R deposit **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: The drill results section does not disclose specific QA/QC procedures, certified labs, or assay protocols. Evidence · text > Recent drilling extended mineralisation at the Atlas and Saloon East discoveries and beyond the current R1515W Mineral Resource at Triple R **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: Metal equivalent grades \(eU3O8\) are reported for drill results without disclosing the price, recovery, or payability assumptions used in the calculation. Evidence · text > 12.6m of 0.5% eU3O8 **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: High-grade intervals for drill results are reported without stating the cut-off grade used for compositing. Evidence · text > 12.6m of 0.5% eU3O8 **JORC Compliant** Polarity: positive Story-specific tag Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: Mineral Resources and Ore Reserves for both LHM and PLS are reported as JORC Code \(2012\) compliant. Evidence · text > JORC Code \(2012\) compliant **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Scientific and technical information for both PLS and LHM was reviewed and approved by named Qualified Persons/Competent Persons. Evidence · text > Scientific and technical information relating to the PLS Project in this Presentation was reviewed and approved by Kanan Sarioglu, VP Exploration of Paladin Canada Inc. \(a subsidiary of Paladin\), and Gary Haywood, Principal, High Grade Mining Ltd, each a Competent Person as defined in the JORC \(2012\) and Qualified Person as defined by NI 43-101. **Inferred Resource** Polarity: negative Story-specific tag Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: Both LHM and PLS projects report Inferred Mineral Resources, which are speculative and have lower geological confidence. Evidence · table > Inferred In-situ Context: Category **Resource Update** Polarity: neutral Story-specific tag Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document presents updated Mineral Resources and Ore Reserves for LHM and re-reported estimates for PLS. Evidence · text > Summary Mineral Resources1 As at 30 June 2026 **Cut-off Disclosed** Polarity: positive Story-specific tag Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: Cut-off grades for both LHM and PLS resource and reserve estimates are clearly stated. Evidence · text > Cut-off grade for reporting of Mineral Resources is 200ppm U3O8 except LG stockpiles, which incorporate sub-grade material expected to be processed at the end of mine life and have a cut-off grade of 180ppm. **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The PLS Project Mineral Resources and Reserves were re-reported to comply with JORC Code with no material change, indicating low genuine novelty. Evidence · text > On 20 August 2026, the Group announced that those estimates have been re-reported to comply with JORC \(2012\), with no material change being made to those estimates. **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The intercept PLS26-762A returned 4.1m at 3.0% eU3O8, which is an exceptionally high-grade for uranium. Evidence · text > PLS26-762A: 13.0m of total composite mineralisation including 4.1m of 3.0% eU3O8 **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The intercept PLS26-779 returned 0.6m at 2.9% eU3O8, which is an exceptionally high-grade for uranium. Evidence · text > 0.6m of 2.9% eU3O8 Context: PLS26-779: 12.7m of total composite mineralisation including 3.4m of 0.7% eU3O8 with ## Extracted facts Stored fact records: 35. Some facts used in scoring do not have a stored record. ## Drill Results (15) ### PLS26-751 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-26) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-751 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 0.5 - Grade Unit: % - Intercept: 12.6 m #### Classification - Program: mixed - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 0.5 - Metal Eq. Unit: % eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade uranium intercept of 12.6m at 0.5% eU3O8 extends mineralization beyond the current resource, indicating potential for resource growth, though metal equivalent assumptions are not disclosed. - Positive factor: High-grade uranium intercept - Positive factor: Extends mineralization beyond current resource - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > PLS26-751: 19.3m of total composite mineralisation including 12.6m of 0.5% 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### PLS26-756 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-27) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-756 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 0.5 - Grade Unit: % - Intercept: 11.4 m #### Classification - Program: mixed - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 0.5 - Metal Eq. Unit: % eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade uranium intercept of 11.4m at 0.5% eU3O8 extends mineralization beyond the current resource, indicating potential for resource growth, though metal equivalent assumptions are not disclosed. - Positive factor: High-grade uranium intercept - Positive factor: Extends mineralization beyond current resource - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > PLS26-756: 21.5m of total composite mineralisation including 11.4m of 0.5% 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### PLS26-771 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-28) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-771 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 0.1 - Grade Unit: % - Intercept: 19.4 m #### Classification - Program: mixed - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 0.1 - Metal Eq. Unit: %eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A moderate-grade uranium intercept of 19.4m at 0.1% eU3O8 extends mineralization, contributing to resource growth, but is lower grade than other reported intercepts. - Positive factor: Extends mineralization beyond current resource - Negative factor: Lower grade compared to other intercepts - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > PLS26-771: 21.2m of total composite mineralisation including 19.4 m of 0.1%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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### PLS26-779 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-29) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-779 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 0.7 - Grade Unit: % - Intercept: 3.4 m #### Classification - Program: mixed - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 0.7 - Metal Eq. Unit: % eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade uranium intercept of 3.4m at 0.7% eU3O8 represents a new, open extension 100m east of the existing resource, indicating significant exploration potential. - Positive factor: High-grade uranium intercept - Positive factor: New, open, high-grade intercept 100m east of R1515W - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > PLS26-779: 12.7m of total composite mineralisation including 3.4m of 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### PLS26-779 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-30) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-779 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 2.9 - Grade Unit: % - Intercept: 0.6 m #### Classification - Program: mixed - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 2.9 - Metal Eq. Unit: % eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A bonanza-grade uranium intercept of 0.6m at 2.9% eU3O8, part of a new extension, is highly significant despite its narrow width, indicating very high-grade mineralization. - Positive factor: Bonanza grade uranium intercept - Positive factor: New, open, high-grade intercept 100m east of R1515W - Negative factor: Narrow intercept length - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > 0.6m of 2.9% eU3O8 Context: PLS26-779: 12.7m of total composite mineralisation including 3.4m of 0.7% eU3O8 with #### 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### PLS26-762A [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-31) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-762A - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 3 - Grade Unit: % - Intercept: 4.1 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 3 - Metal Eq. Unit: % eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A bonanza-grade uranium intercept of 4.1m at 3.0% eU3O8 is the highest grade hole to date at the Atlas discovery, representing a highly significant exploration success. - Positive factor: Bonanza grade uranium intercept - Positive factor: Highest Grade Hole to date at Atlas discovery - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > PLS26-762A: 13.0m of total composite mineralisation including 4.1m of 3.0% 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions ### PLS26-773 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-32) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-773 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 1.2 - Grade Unit: % - Intercept: 3.3 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 1.2 - Metal Eq. Unit: % eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade uranium intercept of 3.3m at 1.2% eU3O8 contributes to extending mineralization at the Atlas discovery, reinforcing its potential. - Positive factor: High-grade uranium intercept - Positive factor: Extends mineralization at Atlas discovery - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > PLS26-773: 21.6m of total composite mineralisation including 3.3m of 1.2% 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions ### PLS26-773 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-33) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-773 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 1.1 - Grade Unit: % - Intercept: 4.5 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 1.1 - Metal Eq. Unit: % eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade uranium intercept of 4.5m at 1.1% eU3O8 further extends mineralization at the Atlas discovery, reinforcing its potential. - Positive factor: High-grade uranium intercept - Positive factor: Extends mineralization at Atlas discovery - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > 4.5m of 1.1% eU3O8 Context: PLS26-773: 21.6m of total composite mineralisation including 3.3m of 1.2% eU3O8 and #### 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions ### PLS26-782 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-34) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-782 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 0.7 - Grade Unit: % - Intercept: 26.4 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 0.7 - Metal Eq. Unit: % eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A significant high-grade uranium intercept of 26.4m at 0.7% eU3O8 extends mineralization at the Atlas discovery, indicating good continuity and potential for resource expansion. - Positive factor: High-grade uranium intercept - Positive factor: Significant intercept length - Positive factor: Extends mineralization at Atlas discovery - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > PLS26-782: 42.1m of total composite mineralisation including 26.4m of 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions ### PLS26-782 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-35) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-782 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 1.8 - Grade Unit: % - Intercept: 12.5 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 1.8 - Metal Eq. Unit: % eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade uranium intercept of 12.5m at 1.8% eU3O8 further extends mineralization at the Atlas discovery, indicating strong continuity and potential for resource expansion. - Positive factor: High-grade uranium intercept - Positive factor: Significant intercept length - Positive factor: Extends mineralization at Atlas discovery - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > 12.5m of 1.8% eU3O8 Context: PLS26-782: 42.1m of total composite mineralisation including 26.4m of 0.7% eU3O8 and #### 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions ### PLS26-757 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-36) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-757 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 1.2 - Grade Unit: % - Intercept: 2.3 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 1.2 - Metal Eq. Unit: % eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A high-grade uranium intercept of 2.3m at 1.2% eU3O8 represents new, open mineralization along trend from Atlas, indicating significant exploration upside despite its narrow width. - Positive factor: High-grade uranium intercept - Positive factor: New, open, high-grade mineralisation intersected 270m northeast along trend of Atlas - Negative factor: Narrow intercept length - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > PLS26-757: 2.3m of 1.2% 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions ### PLS25-693 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-37) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS25-693 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 0.1 - Grade Unit: % - Intercept: 22.5 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A significant intercept of 22.5m at 0.1% U3O8 indicates continued mineralization at Saloon East, contributing to the understanding of the deposit, though at a lower grade. - Positive factor: Significant intercept length - Positive factor: Mineralization continues to be intersected at Saloon East - Negative factor: Lower grade compared to other intercepts - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > PLS25-693: 23.0m of total composite uranium mineralisation, including 22.5m of 0.1% U3O8 #### 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-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-38) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-729 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 0.1 - Grade Unit: % - Intercept: 8.7 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 0.1 - Metal Eq. Unit: % eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A moderate-grade uranium intercept of 8.7m at 0.1% eU3O8 indicates continued mineralization at Saloon East, contributing to the understanding of the deposit. - Positive factor: Mineralization continues to be intersected at Saloon East - Negative factor: Lower grade compared to other intercepts - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > PLS26-729: 19.7m of total composite uranium mineralisation, including 8.7m of 0.1% 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions ### PLS26-719 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-39) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-719 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 0.1 - Grade Unit: % - Intercept: 5.5 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 0.1 - Metal Eq. Unit: % eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A moderate-grade uranium intercept of 5.5m at 0.1% eU3O8 indicates continued mineralization at Saloon East, contributing to the understanding of the deposit. - Positive factor: Mineralization continues to be intersected at Saloon East - Negative factor: Lower grade compared to other intercepts - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > PLS26-719: 14.0m of total composite uranium mineralisation, including 5.5m of 0.1% 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions ### PLS26-727 [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-drill-facts-40) Patterson Lake South \(PLS\) · uranium #### Identity - Hole ID: PLS26-727 - Project: Patterson Lake South \(PLS\) - Commodity: uranium - Region: canada - Reported Region: canada - Ticker: PDN #### Geometry - Grade: 0.1 - Grade Unit: % - Intercept: 5.4 m #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Metal Eq. Grade: 0.1 - Metal Eq. Unit: % eU3O8 - Assumptions Disclosed: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: A moderate-grade uranium intercept of 5.4m at 0.1% eU3O8 indicates continued mineralization at Saloon East, contributing to the understanding of the deposit. - Positive factor: Mineralization continues to be intersected at Saloon East - Negative factor: Lower grade compared to other intercepts - Negative factor: Metal equivalent assumptions not disclosed - Negative factor: No specific QA/QC or compositing cut-off disclosed Evidence · text > PLS26-727: 8.1m of total composite uranium mineralisation, including 5.4m of 0.1% 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 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: an equivalent grade is reported without its assumptions ## Resource Estimates (20) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-41) Langer Heinrich Mine · uranium #### Identity - Project: Langer Heinrich Mine - Commodity: uranium - Region: namibia - Reported Region: Namibia - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: David Varcoe, Andrew Fitzpatrick - Resource group id: resource:23e813ab55fdd570273f #### Resource Data - Category: measured - Tonnes: 67600000 - Grade: 449 - Grade Unit: ppm - Contained Metal: 66.9 - Contained Unit: mlb - Cutoff Grade: 200 - Cutoff Unit: ppm U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Measured uranium resource is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions. - Positive factor: High confidence Measured category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Changes due to ongoing mining and processing activities, not new discovery Evidence · table > 449 Context: 67.6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-42) Langer Heinrich Mine · vanadium #### Identity - Project: Langer Heinrich Mine - Commodity: vanadium - Region: namibia - Reported Region: Namibia - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: David Varcoe, Andrew Fitzpatrick - Resource group id: resource:23e813ab55fdd570273f #### Resource Data - Category: measured - Tonnes: 67600000 - Grade: 145 - Grade Unit: ppm - Contained Metal: 21.7 - Contained Unit: mlb - Cutoff Grade: 200 - Cutoff Unit: ppm U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Measured vanadium resource is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions. - Positive factor: High confidence Measured category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Changes due to ongoing mining and processing activities, not new discovery Evidence · table > 145 Context: 67.6 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-43) Langer Heinrich Mine · uranium #### Identity - Project: Langer Heinrich Mine - Commodity: uranium - Region: namibia - Reported Region: Namibia - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: David Varcoe, Andrew Fitzpatrick - Resource group id: resource:c4be4d7662895a6dc806 #### Resource Data - Category: measured - Tonnes: 100000 - Grade: 485 - Grade Unit: ppm - Contained Metal: 0.1 - Contained Unit: mlb - Cutoff Grade: 200 - Cutoff Unit: ppm U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Measured uranium resource from ROM stockpiles is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions. - Positive factor: High confidence Measured category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Changes due to ongoing mining and processing activities, not new discovery Evidence · table > 485 Context: 0.1 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-44) Langer Heinrich Mine · vanadium #### Identity - Project: Langer Heinrich Mine - Commodity: vanadium - Region: namibia - Reported Region: Namibia - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: David Varcoe, Andrew Fitzpatrick - Resource group id: resource:c4be4d7662895a6dc806 #### Resource Data - Category: measured - Tonnes: 100000 - Grade: 157 - Grade Unit: ppm - Contained Metal: 0 - Contained Unit: mlb - Cutoff Grade: 200 - Cutoff Unit: ppm U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Measured vanadium resource from ROM stockpiles is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions. - Positive factor: High confidence Measured category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Changes due to ongoing mining and processing activities, not new discovery Evidence · table > 157 Context: 0.1 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-45) Langer Heinrich Mine · uranium #### Identity - Project: Langer Heinrich Mine - Commodity: uranium - Region: namibia - Reported Region: Namibia - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: David Varcoe, Andrew Fitzpatrick - Resource group id: resource:f862ad2beebe9609dc03 #### Resource Data - Category: measured - Tonnes: 27300000 - Grade: 314 - Grade Unit: ppm - Contained Metal: 18.9 - Contained Unit: mlb - Cutoff Grade: 180 - Cutoff Unit: ppm #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Measured uranium resource from LG stockpiles is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions. - Positive factor: High confidence Measured category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Changes due to ongoing mining and processing activities, not new discovery Evidence · table > 314 Context: 27.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-46) Langer Heinrich Mine · vanadium #### Identity - Project: Langer Heinrich Mine - Commodity: vanadium - Region: namibia - Reported Region: Namibia - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: David Varcoe, Andrew Fitzpatrick - Resource group id: resource:f862ad2beebe9609dc03 #### Resource Data - Category: measured - Tonnes: 27300000 - Grade: 102 - Grade Unit: ppm - Contained Metal: 6.1 - Contained Unit: mlb - Cutoff Grade: 180 - Cutoff Unit: ppm #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Measured vanadium resource from LG stockpiles is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions. - Positive factor: High confidence Measured category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Changes due to ongoing mining and processing activities, not new discovery Evidence · table > 102 Context: 27.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-47) Langer Heinrich Mine · uranium #### Identity - Project: Langer Heinrich Mine - Commodity: uranium - Region: namibia - Reported Region: Namibia - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: David Varcoe, Andrew Fitzpatrick - Resource group id: resource:9a72669a1c46599697df #### Resource Data - Category: indicated - Tonnes: 23100000 - Grade: 375 - Grade Unit: ppm - Contained Metal: 19.1 - Contained Unit: mlb - Cutoff Grade: 200 - Cutoff Unit: ppm U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Indicated uranium resource is a good confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions. - Positive factor: Good confidence Indicated category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Changes due to ongoing mining and processing activities, not new discovery Evidence · table > 375 Context: 23.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-48) Langer Heinrich Mine · vanadium #### Identity - Project: Langer Heinrich Mine - Commodity: vanadium - Region: namibia - Reported Region: Namibia - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: David Varcoe, Andrew Fitzpatrick - Resource group id: resource:9a72669a1c46599697df #### Resource Data - Category: indicated - Tonnes: 23100000 - Grade: 122 - Grade Unit: ppm - Contained Metal: 6.2 - Contained Unit: mlb - Cutoff Grade: 200 - Cutoff Unit: ppm U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Indicated vanadium resource is a good confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions. - Positive factor: Good confidence Indicated category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Changes due to ongoing mining and processing activities, not new discovery Evidence · table > 122 Context: 23.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-49) Langer Heinrich Mine · uranium #### Identity - Project: Langer Heinrich Mine - Commodity: uranium - Region: namibia - Reported Region: Namibia - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: David Varcoe, Andrew Fitzpatrick - Resource group id: resource:3c988913aefdd3cfb781 #### Resource Data - Category: inferred - Tonnes: 11000000 - Grade: 347 - Grade Unit: ppm - Contained Metal: 8.4 - Contained Unit: mlb - Cutoff Grade: 200 - Cutoff Unit: ppm U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Inferred uranium resource is a lower confidence estimate, compliant with JORC Code, and changes reflect ongoing mining rather than new additions. - Positive factor: JORC Code \(2012\) compliant - Negative factor: Lower confidence Inferred category - Negative factor: Changes due to ongoing mining and processing activities, not new discovery Evidence · table > 347 Context: 11.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-50) Langer Heinrich Mine · vanadium #### Identity - Project: Langer Heinrich Mine - Commodity: vanadium - Region: namibia - Reported Region: Namibia - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: David Varcoe, Andrew Fitzpatrick - Resource group id: resource:3c988913aefdd3cfb781 #### Resource Data - Category: inferred - Tonnes: 11000000 - Grade: 112 - Grade Unit: ppm - Contained Metal: 2.7 - Contained Unit: mlb - Cutoff Grade: 200 - Cutoff Unit: ppm U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Inferred vanadium resource is a lower confidence estimate, compliant with JORC Code, and changes reflect ongoing mining rather than new additions. - Positive factor: JORC Code \(2012\) compliant - Negative factor: Lower confidence Inferred category - Negative factor: Changes due to ongoing mining and processing activities, not new discovery Evidence · table > 112 Context: 11.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-51) Langer Heinrich Mine · uranium #### Identity - Project: Langer Heinrich Mine - Commodity: uranium - Region: namibia - Reported Region: Namibia - Ticker: PDN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: David Varcoe, Andrew Fitzpatrick - Resource group id: resource:f98add94fded1ef569a7 #### Resource Data - Category: proven - Tonnes: 39200000 - Grade: 490 - Grade Unit: ppm - Contained Metal: 42.4 - Contained Unit: mlb - Cutoff Grade: 250 - Cutoff Unit: ppm U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Proved uranium reserve is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions. - Positive factor: High confidence Proved category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Changes due to ongoing mining and processing activities, not new discovery Evidence · table > 490 Context: 39.2 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-52) Langer Heinrich Mine · uranium #### Identity - Project: Langer Heinrich Mine - Commodity: uranium - Region: namibia - Reported Region: Namibia - Ticker: PDN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: David Varcoe, Andrew Fitzpatrick - Resource group id: resource:9b0d2c9571ff4242f1b6 #### Resource Data - Category: probable - Tonnes: 10400000 - Grade: 451 - Grade Unit: ppm - Contained Metal: 10.3 - Contained Unit: mlb - Cutoff Grade: 250 - Cutoff Unit: ppm U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Probable uranium reserve is a good confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions. - Positive factor: Good confidence Probable category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Changes due to ongoing mining and processing activities, not new discovery Evidence · table > 451 Context: 10.4 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-53) Langer Heinrich Mine · uranium #### Identity - Project: Langer Heinrich Mine - Commodity: uranium - Region: namibia - Reported Region: Namibia - Ticker: PDN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: David Varcoe, Andrew Fitzpatrick - Resource group id: resource:7d4d4f9e58c2dc26660e #### Resource Data - Category: proven - Tonnes: 24700000 - Grade: 326 - Grade Unit: ppm - Contained Metal: 17.7 - Contained Unit: mlb - Cutoff Grade: 250 - Cutoff Unit: ppm U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Proved uranium reserve from stockpiles is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions. - Positive factor: High confidence Proved category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Changes due to ongoing mining and processing activities, not new discovery Evidence · table > 326 Context: 24.7 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-54) Patterson Lake South \(PLS\) Project · uranium Historical result Needs review: historical\_restatement #### Identity - Project: Patterson Lake South \(PLS\) Project - Commodity: uranium - Region: canada - Reported Region: Canada - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kanan Sarioglu, Gary Haywood - Resource group id: resource:da2a0658da127b25109f - Deposit or zone: Triple R #### Resource Data - Category: indicated - Tonnes: 2900000 - Grade: 1.88 - Grade Unit: % - Contained Metal: 118.8 - Contained Unit: mlb - Cutoff Grade: 0.25 - Cutoff Unit: % U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-20T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Indicated uranium resource for Triple R is a re-reported estimate for JORC compliance with no material change, thus having low novelty but maintaining good confidence. - Positive factor: Good confidence Indicated category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Re-reported with no material change, indicating low novelty Evidence · table > 1.88 Context: 2.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-55) Patterson Lake South \(PLS\) Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Patterson Lake South \(PLS\) Project - Commodity: gold - Region: canada - Reported Region: Canada - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kanan Sarioglu, Gary Haywood - Resource group id: resource:da2a0658da127b25109f - Deposit or zone: Triple R #### Resource Data - Category: indicated - Tonnes: 2900000 - Grade: 0.59 - Grade Unit: g/t - Contained Metal: 54.4 - Contained Unit: koz - Cutoff Grade: 0.25 - Cutoff Unit: % U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-20T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Indicated gold resource for Triple R is a re-reported estimate for JORC compliance with no material change, thus having low novelty but maintaining good confidence. - Positive factor: Good confidence Indicated category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Re-reported with no material change, indicating low novelty Evidence · table > 0.59 Context: 2.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-56) Patterson Lake South \(PLS\) Project · uranium Historical result Needs review: historical\_restatement #### Identity - Project: Patterson Lake South \(PLS\) Project - Commodity: uranium - Region: canada - Reported Region: Canada - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kanan Sarioglu, Gary Haywood - Resource group id: resource:5741d66797e3ee988ef6 - Deposit or zone: Triple R #### Resource Data - Category: inferred - Tonnes: 400000 - Grade: 1.19 - Grade Unit: % - Contained Metal: 10.9 - Contained Unit: mlb - Cutoff Grade: 0.25 - Cutoff Unit: % U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-20T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Inferred uranium resource for Triple R is a re-reported estimate for JORC compliance with no material change, thus having low novelty and lower confidence. - Positive factor: JORC Code \(2012\) compliant - Negative factor: Lower confidence Inferred category - Negative factor: Re-reported with no material change, indicating low novelty Evidence · table > 1.19 Context: 0.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-57) Patterson Lake South \(PLS\) Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Patterson Lake South \(PLS\) Project - Commodity: gold - Region: canada - Reported Region: Canada - Ticker: PDN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kanan Sarioglu, Gary Haywood - Resource group id: resource:5741d66797e3ee988ef6 - Deposit or zone: Triple R #### Resource Data - Category: inferred - Tonnes: 400000 - Grade: 0.46 - Grade Unit: g/t - Contained Metal: 6.1 - Contained Unit: koz - Cutoff Grade: 0.25 - Cutoff Unit: % U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-20T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Inferred gold resource for Triple R is a re-reported estimate for JORC compliance with no material change, thus having low novelty and lower confidence. - Positive factor: JORC Code \(2012\) compliant - Negative factor: Lower confidence Inferred category - Negative factor: Re-reported with no material change, indicating low novelty Evidence · table > 0.46 Context: 0.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-58) Patterson Lake South \(PLS\) Project · uranium Historical result Needs review: historical\_restatement #### Identity - Project: Patterson Lake South \(PLS\) Project - Commodity: uranium - Region: canada - Reported Region: Canada - Ticker: PDN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kanan Sarioglu, Gary Haywood - Resource group id: resource:d96aa3bdb0f3041fc93c - Deposit or zone: R780E Zone #### Resource Data - Category: probable - Tonnes: 2600000 - Grade: 1.46 - Grade Unit: % - Contained Metal: 84.8 - Contained Unit: mlb - Cutoff Grade: 0.25 - Cutoff Unit: % U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-20T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Probable uranium reserve for the R780E Zone is a re-reported estimate for JORC compliance with no material change, thus having low novelty but maintaining good confidence. - Positive factor: Good confidence Probable category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Re-reported with no material change, indicating low novelty Evidence · table > 1.46 Context: 2.6 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-59) Patterson Lake South \(PLS\) Project · uranium Historical result Needs review: historical\_restatement #### Identity - Project: Patterson Lake South \(PLS\) Project - Commodity: uranium - Region: canada - Reported Region: Canada - Ticker: PDN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kanan Sarioglu, Gary Haywood - Resource group id: resource:e3783a593b5df5bd02f9 - Deposit or zone: R00E Zone #### Resource Data - Category: probable - Tonnes: 100000 - Grade: 1.24 - Grade Unit: % - Contained Metal: 1.5 - Contained Unit: mlb - Cutoff Grade: 0.25 - Cutoff Unit: % U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-20T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Probable uranium reserve for the R00E Zone is a re-reported estimate for JORC compliance with no material change, thus having low novelty but maintaining good confidence. - Positive factor: Good confidence Probable category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Re-reported with no material change, indicating low novelty Evidence · table > 1.24 Context: 0.1 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/pdn-september-2026-quarter-presentation--aa869a15-5117-4c44-87a7-b4b0513b0169#fact-resource-facts-60) Patterson Lake South \(PLS\) Project · uranium Historical result Needs review: historical\_restatement #### Identity - Project: Patterson Lake South \(PLS\) Project - Commodity: uranium - Region: canada - Reported Region: Canada - Ticker: PDN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Kanan Sarioglu, Gary Haywood - Resource group id: resource:14c8dc1328d57ddaaf99 - Deposit or zone: R840W Zone #### Resource Data - Category: probable - Tonnes: 300000 - Grade: 1.04 - Grade Unit: % - Contained Metal: 7.4 - Contained Unit: mlb - Cutoff Grade: 0.25 - Cutoff Unit: % U3O8 #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-08-20T00:00:00.000Z #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: The Probable uranium reserve for the R840W Zone is a re-reported estimate for JORC compliance with no material change, thus having low novelty but maintaining good confidence. - Positive factor: Good confidence Probable category - Positive factor: JORC Code \(2012\) compliant - Negative factor: Re-reported with no material change, indicating low novelty Evidence · table > 1.04 Context: 0.3 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ## 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.