Paladin Energy Extends High-Grade Uranium Zones at Patterson Lake South
Paladin Energy has reported significant new high-grade uranium intersections at its Patterson Lake South project, expanding key deposits and uncovering fresh mineralisation zones.
- Atlas discovery yields highest grade-thickness intersection to date
- New mineralisation extends northeast of Atlas and east of Triple R
- Saloon East discovery continues to expand with multiple uranium intersections
- Results based on calibrated gamma probe measurements pending assay verification
- Ongoing drilling aims to upgrade resource confidence and expand project footprint
Atlas Discovery Delivers Record Grade-Thickness Intersections
Paladin Energy Ltd (ASX:PDN) has pushed the boundaries of its Patterson Lake South (PLS) uranium project with new drilling results that reinforce the Atlas discovery as a major mineralised zone. The standout hole, PLS26-782, intersected 42.1 metres of composite mineralisation, including 26.4 metres grading 0.7% equivalent uranium oxide (eU₃O₈) and 12.5 metres at 1.8% eU₃O₈. This represents the highest grade-thickness (GT) intersection recorded at Atlas so far, underscoring the zone’s potential significance within the PLS corridor.
Beyond the main Atlas area, a step-out hole 270 metres northeast (PLS26-757) returned 2.3 metres at 1.2% eU₃O₈, suggesting the mineralised system may be more extensive than previously understood. These results build on earlier discoveries and highlight a substantial target area for follow-up drilling.
Triple R Deposit Shows New High-Grade Extensions
At the flagship Triple R deposit, Paladin’s 2026 drilling program focused on resource extension, particularly around the western R1515W zone. The company intersected uranium mineralisation beyond the current resource envelope, including a new high-grade zone approximately 100 metres east of the R1515W resource footprint.
Hole PLS26-779 delivered 12.7 metres of mineralisation with 3.4 metres grading 0.7% eU₃O₈, while a nearby follow-up hole (PLS26-784) intersected 3.8 metres at 1.8% eU₃O₈. These intersections remain open, indicating potential for further resource growth in this area.
Saloon East Discovery Expands Along Strike and Depth
The Saloon East zone, located about 3.5 kilometres southeast of Triple R, continues to grow with multiple uranium intersections across a widening footprint. Recent drillholes have returned broad zones of near-resource-grade mineralisation, including 19.7 metres at 0.1% eU₃O₈ in hole PLS26-729 and other intervals showing consistent uranium presence.
Paladin’s ongoing drilling campaign is defining Saloon East as a promising emerging discovery with potential to add resources within the broader PLS project area, complementing the more advanced Triple R and Atlas zones.
Exploration Strategy and Next Steps
Paladin’s exploration approach at PLS targets three key areas: extending resources within the Triple R zones, converting discoveries like Atlas and Saloon East into development targets, and identifying new regional opportunities. The recent drilling results align with this strategy, demonstrating both resource growth potential and new target generation.
All uranium grades reported are equivalent uranium oxide (eU₃O₈) values derived from calibrated downhole gamma probe measurements and remain preliminary pending chemical assay verification. The company is continuing an extensive drilling program aimed at upgrading resource confidence, expanding the life of mine at PLS, and uncovering further discoveries close to existing deposits.
Paladin’s Managing Director and CEO Paul Hemburrow emphasised the significance of these results in demonstrating the scale of the PLS project and the disciplined exploration strategy being pursued.
Bottom Line?
Paladin’s latest drilling at Patterson Lake South reinforces the project’s scale and potential, but assay verification and further drilling will be critical to define the full resource implications.
Questions in the middle?
- How will assay results confirm or adjust the preliminary gamma probe uranium grades?
- What impact might these new extensions have on the upcoming resource update and mine planning?
- Could the northeast extension of Atlas and eastward growth at Triple R lead to a larger contiguous resource?
