The Langer Heinrich Mine is progressing towards full production, with Paladin Energy confirming that the ramp-up phase remains on track for completion by the end of the 2026 financial year, ahead of full mining and processing operations planned for FY2027.
In its quarterly report for the period ended 31 December 2025, Paladin said the mine produced 1.23 million pounds of U₃O₈ during the second quarter of FY2026, representing a 16% increase on the previous quarter.
The improvement was driven by higher ore feed grades and a greater proportion of mined ore being processed. Year-to-date production now stands at 2.30 million pounds.
“As global interest in nuclear energy continues to strengthen, I am pleased with our progress in ramping up operations at Langer Heinrich,” said Paladin managing director and chief executive officer Paul Hemburrow.
“The level of production achieved during the quarter provides a clear indication of the robust performance that can be delivered by this strategic uranium asset. Our site team remains focused on achieving consistent operational performance for the remainder of the financial year,” he said.
Mining and processing activities continued to scale up during the quarter, with total material mined increasing to 5.53 million tonnes. Average ore feed grades improved to 524 parts per million, while plant recovery rose to 91%, contributing to stronger-than-expected production outcomes.
Paladin said the arrival and commissioning of the remaining mining fleet, expected in early 2026, will further support the ramp-up process.
Sales performance was also strong, with 1.43 million pounds of U₃O₈ sold during the quarter at an average realised price of N$1,180.60 (US$71.80) per pound, reflecting favourable uranium market conditions and a solid contract book. The cost of production declined to N$642 (US$39.70) per pound, supported by higher output volumes and improved operating efficiencies.
On the back of a robust first-half performance, Paladin expects full-year FY2026 production at Langer Heinrich to trend towards the upper end of its guidance range of 4.0 million to 4.4 million pounds of U₃O₈.
“Completion of the debt restructure has provided additional balance-sheet flexibility to support the continued ramp-up at Langer Heinrich and progress the PLS project,” Hemburrow said.
“As a group, we remain focused on increasing production volumes and ensuring we have the capability to deliver a multi-decade production pipeline to the market, while continuing to drive value for shareholders.”
The company also reported stable safety and environmental performance at the mine during the quarter, with no significant incidents recorded. Resource drilling is under way to expand reserves and support long-term production planning.
