Total Resources

The summary of status for each of the advanced projects is detailed in the following table. This table does not include Inferred Resources from Bikini, Andersons and Watta deriving from Paladin's 82.05% ownership of Summit Resources Limited.

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PALADIN URANIUM PROJECT SUMMARY
Criteria	Langer Heinrich Mine*	Kayelekera Mine*	Manyingee Project**	Oobagooma Project	Valhalla Deposit*	Skal Deposit*	Bigrlyi Deposit*	Angela Deposit
Paladin Attribution	100%	100%	100%	100%	91.03%	91.03%	41.71%	50%
Location	Namibia, Southern Africa	Malawi, Southern Africa	West Pilbara, Western Australia	West Kimberley, Western Australia	Queensland, Australia	Queensland, Australia	Northern Territory, Australia	Northern Territory, Australia
Deposit Type	Calcrete	Sandstone	Sandstone	Sandstone	Metasomatic	Metasomatic	Sandstone	Sandstone
Measured & Indicated Resources	56.4Mt @ 0.06% U3O8 (32,858t U3O8) 72.4Mlb	20.7Mt @ 0.08% U3O8 (17,599t U3O8) 38.8Mlb	7.9Mt @ 0.1% U3O8 (8,080t U3O8) 17.8Mlb	----------------	31.2Mt @ 0.09% U3O8 (27,229t U3O8) 60.0Mlb	4.3Mt @ 0.06% U3O8 (2,458t U3O8) 5.4Mlb	4.7Mt @ 0.13% U3O8 (6,100t U3O8) 13.5Mlb	----------------
Inferred Resources	70.7Mt @ 0.06% U3O8 (41,557t U3O8) 91.6Mlb	5.5Mt @ 0.06%U3O8 (3,433t U3O8) 7.6Mlb	5.5Mt @ 0.05% U3O8 (2,810t U3O8) 6.2Mlb	----------------	5.2Mt @ 0.09% U3O8 (4,494t U3O8) 9.9Mlb	8.4Mt @ 0.05% U3O8 (4,129t U3O8) 9.1Mlb	3.4Mt @ 0.12% U3O8 (4,000t U3O8) 8.9Mlb	----------------
Historic Resources (non-JORC compliant)	----------------	----------------	----------------	8.3Mt @ 0.12%-0.14% U3O8 (9,950t U3O8) 21.9Mlb	----------------	----------------	----------------	11Mt @ 0.1%-0.13%U3O8 (12,000 - 13,000t U3O8) 26-28Mlb
Mining Method	Conventional open pit	Conventional open pit	In-Situ Leach	In-Situ Leach	Open pit/ Underground	Open pit/ Underground	Open pit/ Underground	Open pit/ Underground
Previous Owners	Gencor Limited (South African Mining Company) and Acclaim	Central Electricity Generating Board (UK utility)	Cogema (French utility)	Cogema (French utility)	Queensland Mines Ltd	Queensland Mines Ltd	AGIP Australia Pty Ltd	Uranerz Australia Pty Ltd
Activity Periods	1973 - 1980, 1999 to present	1982 - 1990 1998 to present	1979 - 1988, Acquired 1998	1982 - 1985, Acquired 1998	1968 - 1972, 1997 to present	1970 - 1980, 2005 to present	1974 - 1983, 2005 to present	1972 - 1983, 2009 to present
Project Status	Stage 3 planning underway.	Ramp-up commenced.	Resource definition planning commenced.	Re-assessment underway. Resource definition drilling required.	Resource definition drilling in progress.	Resource definition drilling in progress.	Resource definition drilling in progress.	Resource definition and confirmation drilling underway.
Project Significance	Globally first new uranium mine and mill in a decade.	Significant contributor to Malawi economy. Approx. 10% GDP.	One of only three Australian advanced ISL projects.	Large resource potential.	Large uranium resource.	Large uranium resource.	High uranium grades.	Large uranium resource.
Timeframe	Production commenced in 2007. 27 year project life. Ramp-up to 3.7Mlb/pa September quarter 2009. Expansion to 5.2Mlb/pa 2010.	Commissioning commenced in early 2009. 11 year project life. Ramp-up to 3.3Mlb/pa underway.	3 year staged feasibility study required.	2 year reserve / resource drilling required.	Development dependent on Queensland Government U Policy changes.	Development dependent on Queensland Government U Policy changes.	Prefeasibility Study if sufficient resources.	Prefeasibility Study to follow resource validation.

Resources are quoted inclusive of any reserves that may be applicable.
Resources detailed above in all cases represent 100% of the resource – not the participant’s share.
*Complies with JORC(2004) guidelines & is NI 43-101 Compliant.
**Complies with JORC(1999) guidelines.
For Valhalla and Skal, Paladin’s interest is based on 50% deriving from the Mount Isa Joint Venture and 41.03% via Paladin’s 82.05% ownership of Summit Resources Ltd.
For Kayelekera, the Government of Malawi holds a 15% equity interest in the subsidiary, Paladin (Africa) Ltd, the holder of the Kayelekera Mining Licence.
Langer Heinrich and Kayelekera Mineral Resources have been depleted for mining at the time of resource estimation and are inclusive of any Ore Reserves that may be applicable.