Paladin Energy Limited announced that it is progressing several key initiatives to optimise its Langer Heinrich uranium mine in Namibia in preparation for a restart decision. Paladin made a decision to place Langer Heinrich on care and maintenance (C&M) in May 2018 due to the sustained low uranium spot price and successfully transitioned to C&M in August 2018. The Company is undertaking the Optimisation Studies to ensure it can maximise value from Langer Heinrich once a restart decision is made. The Optimisation Studies have two key focus areas: Resolving current operational issues to improve the stability and reliability of the Langer Heinrich mine and processing facility to increase productivity and reduce risk; Capitalising on the latest technological developments in the industry that can release further value by lowering production costs, improving throughput and potentially recovering Vanadium as a bi-product.