Paladin Energy Ltd has reported new exploration drilling results from the Patterson Lake South project in Saskatchewan, Canada, highlighted by a standout intersection at the Atlas discovery.

Drill hole PLS26-782 returned 42.1 metres of total composite mineralisation, including 26.4 metres grading 0.7% eU₃O₈ and 12.5 metres grading 1.8% eU₃O₈. This result delivered the highest grade-thickness intersection recorded from Atlas to date at 43.0 eU₃O₈ %.m. A step-out hole located approximately 270 metres northeast along trend from the main Atlas discovery area also intersected 2.3 metres grading 1.2% eU₃O₈.

Drilling at the Saloon East discovery, situated approximately 3.5 kilometres southeast of the Triple R deposit, intersected 19.7 metres of total composite uranium mineralisation in hole PLS26-729, grading 0.1% eU₃O₈. Mineralisation at Saloon East remains open along strike and at depth.

At the R1515W zone within the Triple R deposit, hole PLS26-779 intersected a new mineralised zone approximately 100 metres east of the current mineral resource boundary. The hole returned 12.7 metres of total composite mineralisation including 3.4 metres grading 0.7% eU₃O₈, while a follow-up drill hole further north intercepted 3.8 metres of total composite mineralisation including 2.6 metres grading 1.8% eU₃O₈.

The reported uranium intersections are expressed as equivalent U₃O₈ derived from calibrated downhole gamma probe measurements and represent preliminary estimates pending chemical assay verification.

Paladin acquired the Patterson Lake South project through its takeover of Fission Uranium Corp. in December 2024 and operates the Canadian asset through its subsidiary, Paladin Canada Inc. The company operates within the Athabasca Basin, where F3 Uranium Corp. intersected strong basement bleaching and prospective structures at its Patterson Lake North project.

“The Atlas discovery is a significant exploration result that builds on the success of the Saloon East discovery in 2025. Both are located in the Saloon Trend to the south and broadly parallel with the Triple R deposit. These results demonstrate the potential scale of the PLS Project and the value in Paladin's disciplined exploration strategy. We are continuing our extensive drilling program to upgrade resource confidence at Triple R, expand the resource and life of mine at PLS and to identify new discoveries in close proximity to PLS.”

— Paul Hemburrow, MD and CEO

Paladin Energy plans follow-up drilling on the newly identified mineralised zone located east of the R1515W mineral resource. The company is also advancing technical details to support its construction licence application submitted to the Canadian Nuclear Safety Commission.

Read the full announcement: PLS Exploration Delivers New High-Grade Results