Paladin Appoints Langer Heinrich General Manager.PERTH, Western Australia This article is about the metropolitan area of Perth, Western Australia. For the local government area, see City of Perth. Perth is the capital of the Australian state of Western Australia. -- Paladin Resources Ltd ("Paladin" or "the Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :PDN)(ASX ASX See: Australian Stock Exchange :PDN) has secured the services of Mr. Wyatt Buck, a top uranium operative who will assume the position of General Manager of Langer Heinrich mining operations based in Swakopmund, Namibia. Mr. Buck qualified as a Mechanical Engineer at the University of Saskatchewan The University of Saskatchewan (U of S) is a coeducational public research university located on the east side of the South Saskatchewan River in Saskatoon, Saskatchewan, Canada. The University is celebrating its centennial year in 2007. in 1981 and was later a senior executive for 15 years with the Cameco Corporation, a Canadian company that leads in uranium production. For the past 2 years he held the position of General Manager of the McArthur River Mine The McArthur River Uranium Mine is the world's largest high-grade uranium deposit. Since it began operating in 1999, it has also become the world's most productive uranium mine, contributing approximately 20% of total global uranium mining production. The mine produced 18. and the Key Lake Mill, the highest producing uranium operation in the world. Previous to this, Buck acquired extensive operational experience at Cameco's Key Lake and Rabbit Lake uranium mining operations where he held a variety of key positions. These included Mill Manager, Maintenance Superintendent, Purchasing/Transportation Manager and working with the Engineering and Projects sections, which also involved participation in the McArthur River and Cigar Lake feasibility studies. The Company's Directors consider Buck is an outstanding addition to the Paladin team, adding substantial uranium mining and processing expertise, with proven leadership and management qualities. Further, his decision to join Paladin, with its Langer Heinrich and Kayelekera projects on clear development paths and its stated objective of becoming a major supplier of uranium on the world scene, adds considerable strength to the Company's executive team. Buck will commence work with Langer Heinrich Uranium (Pty) Ltd 1st February 2006. The construction of the Langer Heinrich mill and associated infrastructure is continuing according to both budget and time schedule and the plant is expected to start its commissioning as planned in September 2006. Paladin Resources Ltd is an Australian uranium exploration and development company listed on the Australian Stock Exchange Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. ("PDN") and the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. ("PDN"). Paladin is involved in the mineral resource sector with projects both in Australia and Africa. With the Langer Heinrich Uranium Project in Namibia currently under construction, the Kayelekera Project in Malawi undergoing a Bankable Feasibility Study, Paladin is well placed to become a major supplier of primary uranium to world markets. Paladin Resources Ltd. (TSX:PDN) (ASX.:PDN) |
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