Paladin Energy Ltd: Quarterly Report for the period ending 30 June 2026

Quarterly Report For the period ending 30 June 2026 Key Metrics Summary Langer Heinrich Mine (100%) 1 Q4 FY2026 Q3 FY2026 Q2 FY2026 Q1 FY2026 FY2026 Guidance FY2026 U 3 O 8 Produced Mlb 1.23 1.29 1.23 1.07 4.82 4.5 – 4.8 U 3 O 8 Sold 2 Mlb 1.35 1.03 1.43 0.53 4. 35 3.8 – 4.2 Average Realised Price 3 US$/lb 70.6 68.3 71.8 67.4 70.0 n.a. Cost of Production 4 US$/lb 51.6 40.3 39.7 41.6 43.3 44 – 48 Capital & Exploration Expenditure 5 ,6 US$M 5.1 3.4 2.4 1.1 12.1 15 – 17 Highlights Langer Heinrich Mine ( LHM ) ramp-up successfully completed, delivering strong operational performance, achieving or exceeding FY2026 guidance on production, sales and cost of production Production of 1.23Mlb U₃O₈ in the quarter and 4.82Mlb U 3 O 8 for FY2026 Sales volumes of 1.35Mlb U₃O₈ at an average realised price of US$70.6/lb U₃O₈ for the quarter with FY2026 sales totalling 4.35Mlb U₃O₈ Patterson Lake South ( PLS ) Project advanced towards development following the Canadian Nuclear Safety Commission ( CNSC ) determination that the Construction Licence application was sufficient to proceed through the regulatory review process Subsequent to the quarter end, Paladin signed an Administrative Protocol with the CNSC targeting completion of hearings for the Construction Licence application at the end of calendar year 2027 Execution of a binding term sheet with the Birch Narrows Dene Nation in relation to the Mutual Benefits Agreement for the PLS Project A new high-grade body of uranium mineralisation, the Atlas discovery, was identified 3.5km south of the PLS Project’s Triple R deposit and 4.5km southwest of Saloon East during the winter drilling program 7 Cash and investments of US$265M and an undrawn US$70M Revolving Credit Facility at quarter end Total Recordable Injury Frequency of 3.2 per million hours worked on a 12-month basis “We were very pleased to successfully complete the ramp-up of the Langer Heinrich Mine in line with our commitment to deliver this goal by the end of FY2026, while also meeting the upper-end of our revised production guidance. “Importantly for Paladin’s long-term future growth, we received formal acknowledgement from the Canadian Nuclear Safety Commission of achievement of sufficiency status, another significant milestone in developing the PLS Project. This achievement, together with an agreed administrative protocol, activates a regulatory timeframe and processes for obtaining our licence to commence construction. “While continuing to progress the approvals, engineering and Indigenous agreement pathways for the PLS Project, we know that shareholders will be delighted to see the continuing prospectivity of our landholdings in the Athabasca Region. Our new discovery at Atlas, located on the Saloon Trend that runs broadly parallel to our Triple R deposit, has demonstrated that there are significant opportunities for Paladin to increase the development potential at the PLS Project.” Paul Hemburrow Managing Director and Chief Executive Officer Langer Heinrich Mine (Namibia) LHM (100%) 1 Q4 FY2026 Q3 FY2026 Q2 FY2026 Q1 FY2026 FY2026 MINING Waste Mined Mt 5.57 4.45 3.93 4.37 18.32 Total Ore Mined 8 Mt 1.87 1.72 1.59 0.90 6.09 Total Mined Mt 7.45 6.17 5.53 5.27 24.41 Low Grade Ore to Stockpile 9 Mt 0.92 0.86 1.04 0.47 3.29 PROCESSING Tonnes Processed Mt 1.19 1.21 1.21 1.15 4.76 Ore Feed Grade ppm 488 503 524 477 498 Plant Recovery % 90 92 91 86 90 U 3 O 8 Produced Mlb 1.23 1.29 1.23 1.07 4.82 SALES U 3 O 8 Sold 2 Mlb 1.35 1.03 1.43 0.53 4.35 Closing Uranium Product Loan Balance 10 Mlb 0.40 0.45 0.45 0.45 0.40 Closing Finished Product Inventory 11 Mlb 1.69 12 2.16 1.61 1.81 13 1.69 FINANCIALS Average Realised Price 3 US$/lb 70.6 68.3 71.8 67.4 70.0 Cos...