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Have your say on the Telco Sector Review

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Source: New Zealand Government

Kiwis can now have their say on proposals for regulatory change in the telecommunications sector, because their voices are a cornerstone of the Review process, Minister for Regulation David Seymour and Media and Communications Minister Paul Goldsmith say. 

“Telecommunication services are as essential as power and water to Kiwis. Changing the way the sector is regulated will affect almost every Kiwi, so they should get a say,” Mr Seymour says. 

“The review is focussed on key regulatory issues raised by the sector. For example, stakeholders told us the administrating and collecting the Telecommunications Development Levy (TDL) is expensive, inefficient and overly burdensome. Due to that feedback we included it in the Review.” 

The Review looks at: 

Shareholder cap and constitutional restrictions
Consideration of telecommunications service obligations (TSO)
The methodology for allocating the Telecommunications Development Levy (TDL) across telecommunications service providers and consumers
Retail Service Quality (RSQ) regulation (Part 7 of the Act)
Fibre Fixed Line Access (FFLA) services regulation (Part 6 of the Act)
Fibre service regulations (Part 4AA of the Act), noting

The Review draft proposals include: 

Introducing a binding consumer code enforced by the Commerce Commission to better protect consumers
Replacing of phasing out the existing TSO framework so that infrastructure obligations better align with today’s broadband and connectivity requirements
Getting rid of obsolete rules like how to manage copper networks, which we are trying to phase out
Making telecom companies more attractive to investors so they can raise more capital

“The sector contributes around 2.5 per cent to New Zealand’s total GDP. In a high-cost economy like ours, regulation isn’t neutral—it’s a tax on growth. That’s why it’s is critical that we get out of the way and remove the red tape stifling industry growth,” Mr Seymour says. 

“While the review is focused on regulatory issues raised by the sector, it now needs the views of Kiwis,” Mr Goldsmith says. 

“The telecommunication service obligation requires some services in rural areas to be available and affordable, so we need to be sure that’s happening.

“We all rely on high-quality and affordable connectivity for work, social connection, and access to digital services. 

“I look forward to seeing the final review report before making decisions on any recommendations,” Mr Goldsmith says.

Consultation will be open until Thursday 25 September. Have your say here: https://consultation.regulation.govt.nz/telecommunications-sector-regulatory-review/consultation/

The full terms of reference are available here: Terms of Reference for the regulatory review of the telecommunications sector

MIL OSI

Legislation to support NZ’s defence and security

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Source: New Zealand Government

The Chief of Defence Force (CDF) will be better able to manage their workforce to ensure national security is maintained during industrial action under new legislation introduced today, Defence Minister Judith Collins says.

“The Defence (Workforce) Amendment Bill means the Minister of Defence will be able to authorise CDF to redeploy uniformed personnel to carry out the roles of New Zealand Defence Force (NZDF) civilian staff. Any authorisation would be informed by operational and legal advice from the NZDF,” Ms Collins says.

Currently, the Defence Act allows the Minister to authorise the redeployment of uniformed personnel in situations where health and safety is compromised if work is not carried out by the Armed Forces.

The new bill broadens this authorisation to include instances where national security and readiness to deliver core defence functions are at risk. This could include work such as providing security at military bases, weapons and munitions servicing, and aircraft maintenance.

The issue was highlighted when civilian staff took industrial action last December. During this time, the Minister of Defence had to seek a resolution from Parliament to ensure uniformed personnel could continue to conduct the work of striking civilian staff for a period longer than 14 days. This meant decisions were vulnerable to the availability of Parliament and risked sensitive information being publicly disclosed.

“The ability and right of NZDF civilian staff and public service employees to take industrial action remains. But these changes ensure the security of New Zealand, and the safety of New Zealanders, endures while civilian staff exercise their rights,” Ms Collins says.

“At a time of increasing security challenges, these commonsense changes need to be made.

“The authorisation of military personnel to cover civilian tasks when industrial action occurs within the NZDF is not taken lightly. But when required, it should be practical in its application. This Bill delivers on that.”

The public and interested groups will have a chance to submit on the Bill when it is referred to select committee in September 2025. 

MIL OSI

Agreement signed on poultry biosecurity

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Source: New Zealand Government

The Government and poultry industry have struck a landmark deal, agreeing how they’ll jointly prepare for and respond to exotic poultry diseases, including any possible outbreak of high pathogenicity avian influenza (HPAI), says Biosecurity Minister Andrew Hoggard.

“This new operational agreement between the Government and the Egg Producers Federation (EPF) and Poultry Industry Association of New Zealand (PIANZ) is a significant milestone in the country’s preparation for exotic diseases.

“The H5N1 strain of HPAI is spreading fast around the world. This agreement means we will be ready to respond if that disease, or others, arrives on our shores. 

“The poultry industry earns an estimated $2.2 billion per year domestically and brings in around $200 million in export revenue. It’s essential we’re ready to respond to exotic diseases that could devastate the industry, and impact domestic food supply and international trade.

“This agreement formally recognises industry bodies as decision-makers, alongside the Government, guaranteeing PIANZ and EPF a seat at the table if any of these diseases are detected in New Zealand.”

The agreement covers Newcastle disease, infectious bursal disease virus and all strains of high pathogenicity avian influenza (HPAI), including the HPAI strain H5N1 clade 2.3.4.4b. 

“Importantly, the agreement also sets out cost-sharing arrangements between taxpayers and the industry. This recognises the benefits to both parties of being well prepared, reporting early, and responding rapidly,” says Mr Hoggard.

“By sharing the costs of preparation and response, we ensure there are strong incentives on farmers to take preventative measures while also encouraging them to report suspected disease as soon as possible.”

Under the agreement, industry will contribute 45 per cent of readiness costs for all poultry diseases and 45 per cent of response costs, with the exception of HPAI – for which industry will meet 40 per cent of the response costs.

Readiness costs can include the cost of developing plans for response operational activities, running exercises for testing plans, and applied research to improve response operations. Response costs can include diagnostics, communications and activities to control a disease.  

“We have also agreed that cost-shareable activities for an H5N1 outbreak should be limited, and that industry will lead responding to an outbreak in poultry farms as soon as possible after a detection, with support from the Ministry for Primary Industries (MPI),” says Mr Hoggard.

“Last year’s avian influenza outbreak at a single commercial egg farm in Otago cost an estimated $25 million. That cost could easily have been far greater were it not for the rapid action on behalf of the farmer and MPI to stand up a response and restrict movements.

“That outbreak, and the success of containing it to a single farm, showed just how important partnership with industry is in any response.”

Executive Director for the Poultry Industry Association and the Egg Producers Federation, Michael Brooks, says the agreement is an important step towards a unified response to exotic poultry diseases.

“The industry’s priority now is to ensure our poultry and egg producers have the most robust biosecurity processes possible in place, to protect their flocks and businesses from H5N1 and other unwanted diseases. H5N1 is a disease spread by wild birds, so our industry, like others, is vulnerable without the right planning, regulation and MPI’s support.  We’re pleased with the strong collaboration with MPI.”

The agreement comes into effect on 1 September 2025.
 

MIL OSI

Government’s creative sector strategy goes live

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Source: New Zealand Government

The Government has published its strategy to boost Kiwis’ engagement with the arts, grow the sector’s economic contribution and create more jobs, Arts, Culture and Heritage Minister Paul Goldsmith says.

“Our government’s vision is for New Zealand to we be as well known for its arts and creativity, as it is for dairy exports and beautiful scenery. We know we already have a strong base and areas of global excellence.

“In November 2024, we released our first draft of Amplify, sparking a conversation with those across the sector, seeing if we can agree broadly on a pathway forward. 

“Creativity doesn’t lend itself to tidy strategies. That is why Amplify is enabling, rather than constraining. It provides a framework, but leaves plenty of room for individuals, communities, companies and institutions to find their own path. I’d like to thank all those who have provided feedback and shaped this strategy.”

Amplify sets out a series of goals for the sector:

  • The economic contribution of the arts and creative sectors grows to at least $22 billion (of GDP), with a focus on cultural exports and tourism by 2030.
  • A 10 per cent increase in the number of New Zealanders engaging with New Zealand arts, culture, and heritage by 2030.
  • 5,000 more people working in the creative and cultural sector by 2030.

There are three strategic pillars which outline actions the Government will take to reach these targets:

  • Maximising value for New Zealand from the creative and cultural sectors through the Crown investment in Arts, Culture and Heritage and wider government investment.
  • Enhancing New Zealand’s creative and cultural talent pipeline and supporting sustainable career opportunities.
  • Modernising and streamlining Government regulation so it enables the cultural sectors to thrive.

“This is not a set-and-forget strategy. Amplify will be a living document, updated regularly with input from creative industries to ensure it remains relevant to the sector. The conversation will continue.” Mr Goldsmith says.

MIL OSI

Weather News – A wild, windy end to winter – MetService

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Source: MetService

Covering period of Thursday 28th – Sunday 31st August – A wild, windy end to winter.

Meteorological spring begins on Monday.

An orange Heavy Rain Warning is in force for the headwaters of the Canterbury lakes and rivers south of Arthurs Pass until 4 pm today. 
Strong Wind Watches are in force for the Canterbury High Country, Marlborough and Wellington today as well as Hawke’s Bay south of Napier, the Tararua District, and Wairarapa north of Martinborough into Friday.  

As meteorological winter comes to a close on Sunday, there will be no shortage of weather to herald the changing seasons. MetService is forecasting weather systems that hold in them the flavours of spring, with strong westerly winds, rain, thunderstorms, and snow in the coming days.

MetService has issued Severe Weather Warnings and Watches for heavy rain and strong wind today and tomorrow (Thursday and Friday). Settled conditions are set to rapidly deteriorate for the North Island through the remainder of the day as a band of rain with blustery northerly winds move onto the North Island. 

Additionally, there is a chance of thunderstorms with heavy rain and small hail for Taranaki this evening. In the meantime, strong winds, thunderstorms and rain have already been affecting the South Island. Observed gusts reached 116 km/hour for Mount Cook Airport, 112 km/hour for Roxburgh Airport and 98 km/hour for Wallacetown this morning. Furthermore, the chance of thunderstorms with heavy rain and hail continues for the remainder of the day for Nelson, Buller, Grey and Westland.  

An orange Heavy Rain Warning is in force for the headwaters of the Canterbury lakes and rivers south of Arthurs Pass until 4 pm today. Streams and rivers may rise rapidly. Surface flooding, slips, and difficult driving conditions possible.  

Strong Wind Watches are in force for the Canterbury High Country, Marlborough and Wellington today as well as Hawke’s Bay south of Napier, the Tararua District, and Wairarapa north of Martinborough during Friday  

Metservice meteorologist Alanna Burrows says, “Damage to trees, powerlines, and unsecured structures is possible. Driving may be difficult, especially for high-sided vehicles and motorcycles. Prepare your property by securing items that can be picked up by strong winds and drive cautiously.”

On Friday, the strong westerly winds and possible thunderstorms ease by the end of the day. Temperatures are expected to drop over southern New Zealand; and snow may affect some elevated parts of the South Island, including some of the higher roads there.

Then, as we move into the last weekend of winter, we are expecting to see another boost to winds and swell, combined with fast-moving rainbands. A strong northwesterly flow builds over the country ahead of another front, which moves onto southern New Zealand late in the day on Saturday and quickly over the country on Sunday, followed by a strong and showery west to southwest flow.   And with a nod to winter, there is a chance that snow may affect some of the higher South Island roads this weekend.  

Heavy southwest swell, with heights between 5 to 6.5 metres, is forecast to develop for the western coastlines of the country through Sunday.

“The weekend sees a transition into a breezy springtime setup, and we may find more Strong Wind Watches issued. Please, keep up with the latest information at metservice.com,” advises Burrows.

MIL OSI

Local News – Welcoming Plan adopted by Porirua City Council

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Source: Porirua City Council

A Welcoming Plan for Porirua City was adopted by Te Puna Kōrero at its meeting this morning.

Part of Porirua City’s Welcoming Communities Programme, the plan was developed with input from Ngāti Toa, elected officials, and the community.
The aim of the plan is to create stronger community connections and a sense of belonging for the multitude of cultural groups that live in Porirua, and foster social, economic, cultural and environmental wellbeing.
“Having the plan adopted is a big step towards Porirua becoming a committed welcoming community,” says General Manager Community and Partnerships, Reuben Friend.
“The last Census showed that Porirua is home to residents of more than 100 different ethnicities, so it’s important that we are committed to ensuring the city is a safe, welcoming and exciting place to live.”
The Welcoming Plan outlines ways that Council can work to achieve positive outcomes for its diverse communities across areas such as leadership, equitable access, economic development, business and employment, and culture and identity.
A corresponding implementation plan is being developed to achieve the goals outlined in the Welcoming Plan.
Porirua City joined the Welcoming Communities programme in January 2023. It is one of 35 councils and five local boards in Aotearoa that participate in the programme.
In July last year Council gained accreditation as a Committed Welcoming Community.
The programme is led by Immigration New Zealand, in partnership with the Ministry for Ethnic Communities and the Human Rights Commission and is part of the International Welcoming Network.
Funding for Porirua City to develop this programme comes from Immigration New Zealand.
Adoption of the Welcoming Plan coincides with Welcoming Week 2025 – a week of celebrations and events to help build stronger communities and celebrate Porirua as a welcoming place.

MIL OSI

NZ-AU: Patterson Lake South Project Update

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Source: GlobeNewswire (MIL-NZ-AU)

PERTH, Australia, Aug. 27, 2025 (GLOBE NEWSWIRE) — Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (“Paladin” or the “Company”) provides an update on the Patterson Lake South (PLS) Project following a detailed technical review, including capital and operating costs, as part of the ongoing Front-End Engineering and Design (FEED) work (the “Engineering Review”).

The PLS Project hosts Triple R, a shallow, undeveloped high-quality uranium deposit located in the Athabasca Basin Region, in Saskatchewan, Canada. Paladin acquired the PLS Project through its acquisition of Fission Uranium Corp. in December 20241.

Highlights

  • Unchanged life of mine (LOM) production 90.9Mlb U3O82
  • Unchanged average annual production 9.1Mlb U3O82
  • Updated average LOM cash operating costs estimated at US$11.7/lb U3O83,4
  • Updated average LOM all-in sustaining costs (AISC) estimated at US$15.2/lb U3O84,5
  • Updated FEED stage pre-production capital costs estimated at US$1,226 million4,6
  • Updated Net Present Value (NPV) (8% real discount rate, post-tax) of US$1,325 million4 (at US$90/lb U3O8)7
  • Updated first uranium production at the PLS Project targeted to occur in 20318

The Engineering Review was conducted as part of the Company’s ongoing FEED work and builds on the technical report titled “Feasibility Study, NI 43-101 Technical Report, for PLS Property” dated 17 January 2023 (2023 Feasibility Study)9.

Paul Hemburrow, incoming Paladin MD & CEO, commented:

“Completing our comprehensive review of the 2023 Feasibility Study, together with our recent First Nations agreements and NROP exemption, represents a significant advance in the derisking and delivery of the PLS Project. The review confirms the technical robustness of the PLS Project, providing a strong foundation for its successful development, and it also highlights for investors the significant progress that has been achieved since Paladin acquired this important asset.”

“The review demonstrates our unwavering commitment to bringing the PLS Project into production by early next decade, while continuing to de-risk the development through FEED, and conducting further exploration to identify future expansion opportunities. We are confident that this project will deliver long-term value for all stakeholders, while upholding the highest standards of safety, operational efficiency and sustainability.”

Tetra Tech Canada Inc. (Tetra Tech) was engaged to develop an updated FEED stage cost estimate, including a review focused on all mining, process and surface infrastructure. Tetra Tech was supported by Mining Plus Canada Consulting Inc. on underground development and mining and Clifton Engineering Group Ltd on civil design and Tailing Management Facility (TMF) design.

The Engineering Review has identified design improvements and enhancements including changes to the process plant layout and footprint, improved site logistics and access and upgrades to offices, workshops and camp infrastructure.

The findings of the Engineering Review include updated estimates for the capital, operating and sustaining costs for the PLS Project, as well as the corresponding impact on NPV, Internal Rate of Return (IRR), annual post-tax, free-cash-flow (FCF) and expected payback period.

The economics incorporate FEED stage pre-production capital costs estimated at US$1,226 million, average LOM cash operating costs estimated at US$11.7/lb U3O82 and LOM sustaining capital costs estimated at US$325 million4,10, inclusive of contingency. The updated capital and operating costs reflect the advancement of engineering, procurement, operability and optimised safety, as well as escalation and inflationary impacts. There was no change to the mineral reserve or mineral resource estimates, or any other material scientific or technical information, disclosed in the 2023 Feasibility Study as a result of the Engineering Review11,12.

The overall economics remain strongly positive with the PLS Project having an estimated NPV (8% real discount rate, post-tax) of US$1,325 million, IRR of 28.2% (post-tax)13 and payback period of 2.4 years14 using a US$90/lb (real) long-term uranium price assumption2,7. Average FCF is estimated to be US$430 million per annum over the LOM4. The sensitivity of NPV, IRR and FCF to changes in uranium price is presented below.

Sensitivity of the PLS Project’s Economics to Uranium Price

Uranium Price15 NPV8 (Post-Tax) IRR (Post-Tax) Avg. p.a. FCF (Post-Tax)
US$ US$M % US$M
$120/lb 2,172 37.50 % 586
$110/lb 1,891 34.60 % 534
$100/lb 1,609 31.50 % 482
$90/lb7 1,325 28.20 % 430
$80/lb 1,043 24.70 % 379
$70/lb 759 20.80 % 327
$65/lb16 617 18.70 % 302
$60/lb 472 16.40 % 275

The Engineering Review has also resulted in an update to the anticipated project schedule, with first uranium production at the PLS Project targeted to occur in 2031. The schedule reflects anticipated engineering, procurement, construction and regulatory approval timelines and assumptions reviewed during the Engineering Review8.

Further detail is contained in the presentation accompanying this announcement, which is available on the Company’s website.

This announcement has been authorised for release by the Board of Directors of Paladin Energy Ltd.

For further information contact:

Notes

Forward-looking statements

This announcement contains certain forward-looking statements with respect to Paladin’s business and operations, market conditions, results of operations and financial condition which reflect Paladin’s views held as at the date of this announcement. All statements, other than statements of historical or present facts, are forward-looking statements and generally may be identified by the use of forward-looking words such as ‘guidance’, ‘foresee’, ‘likely’, ‘potential’, ‘anticipate’, ‘believe’, ‘aim’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘target’, ‘plan’, ‘forecast’, ‘project’, ‘schedule’, ‘will’, ‘should’, ‘seek’ and other similar words or expressions. These forward-looking statements include, but are not limited to, statements regarding the results of the Engineering Review, including estimates for the capital, operating and sustaining costs for the PLS Project, as well as the corresponding impact on NPV, IRR, annual FCF and expected payback period; estimated LOM production and average annual production for the PLS Project; the anticipated project schedule for the PLS Project; the PLS Project achieving first uranium production in 2031; expected design improvements and enhancements for the PLS Project; and the sensitivity of NPV, IRR and FCF to changes in uranium price. Forward-looking statements are not guarantees of future performance and are subject to inherent known and unknown risks, uncertainties, assumptions and other factors, many of which are beyond the control of Paladin, its related bodies corporate and their respective officers, directors, employees, advisers or representatives. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: fluctuations in commodity prices and exchange rates; the impact of political instability on economic activity and uranium supply and demand; political risk; climate risk; operating hazards, natural disasters, severe storms and other adverse weather conditions; regulatory concerns; general economic and market conditions, general uranium industry factors; and a shortage of skilled labour and construction materials, equipment and supplies. Investors are strongly cautioned not to place undue reliance on any forward-looking statements. Actual results or performance may vary materially from those expressed in, or implied by, any forward-looking statements. All information included in this announcement, including any forward-looking statements, speak only as of the date of this announcement and, except as required by law or regulation, Paladin does not undertake to update or revise any information or forward-looking statements contained in this announcement, whether as a result of new information, future events, or otherwise.

To the extent any forward-looking statement in this Presentation constitutes “future-oriented financial information” or “financial outlooks” within the meaning of Canadian securities laws, such information is provided to demonstrate the Company’s internal projections and to help readers understand Paladin’s expected financial results. Readers are cautioned that this information may not be appropriate for any other purpose and readers should not place undue reliance on such information. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions, and subject to the risks and uncertainties, described above.

Although the Company has attempted to identify key risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be anticipated, estimated or intended, including those risk factors discussed in the Company’s 2025 Annual Report and other public filings. This announcement should be read together with Paladin’s periodic and continuous disclosure, available at www.paladinenergy.com.au and www.sedarplus.ca.

Technical Information

The scientific and technical information relating to the mineral reserve and mineral resource estimates in this announcement was reviewed and approved by Kanan Sarioglu, VP Exploration of Paladin Canada Inc. (formerly, Fission Uranium Corp.), a “qualified person” under NI 43-101.

The technical report referred to herein titled “Feasibility Study, NI 43-101 Technical Report, for PLS Property” dated 17 January 2023 was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators and is available on www.sedarplus.ca.

1 Refer to Paladin’s exchange announcement titled “Paladin completes acquisition of Fission” dated 24 December 2024. Fission Uranium Corp. was renamed Paladin Canada Inc. in August 2025.
2 Refer to the technical report titled “Feasibility Study, NI 43-101 Technical Report, for PLS Property” with an effective date of 17 January 2023 which was prepared in accordance with NI 43-101 and is available on www.sedarplus.ca. The production targets for the PLS Project are based on qualifying foreign estimates, being mineral resource estimates that are not reported in accordance with the JORC Code. A competent person has not done sufficient work to classify the foreign qualifying estimates as Mineral Resources or Ore Reserves in accordance with the JORC Code and it is uncertain that following evaluation and/or further exploration work, the qualifying foreign estimates will be able to be reported as Mineral Resources or Ore Reserves in accordance with the JORC Code. All material assumptions underpinning these targets, or the forecast financial information derived from these targets, continue to apply and have not materially changed.
3 Operating cash cost is inclusive of mining, processing and site-based G&A and services, exclusive of net-smelter return payments.
4 Cost estimate converted to United States Dollars (US$) from Canadian Dollars (C$) at US$0.75:C$1.
5 AISC is equal to operating cash costs plus life of mine sustaining capital costs.
6 Pre-production capital cost inclusive of contingency.
7 US$90.0/lb uranium price assumption is approximately equal to US$90.9/lb, or the simple average of real, Q2 2025 long-term spot and term price forecasts from Trade Tech / UxC during forecast PLS operations 2031-2040.
8 Subject to seasonal limitations / weather windows (i.e. Saskatchewan winters), unforeseen provincial and federal regulatory permitting outcomes and investment approvals.
9 Fission Uranium Corp.’s technical report titled “Feasibility Study, NI 43-101 Technical Report, for PLS Property” with an effective date of 17 January 2023 which was prepared in accordance with NI 43-101.
10 Sustaining Capital Cost exclusive of closure costs.
11 The mineral resource and mineral reserve estimates for the PLS Project are qualifying foreign estimates that have been prepared in accordance with National Instrument NI 43-101 and the CIM Standards. They are not reported in accordance with the JORC Code. A competent person has not done sufficient work to classify the foreign qualifying estimates as Mineral Resources or Ore Reserves in accordance with the JORC Code and it is uncertain that following evaluation and/or further exploration work, the qualifying foreign estimates will be able to be reported as Mineral Resources or Ore Reserves in accordance with the JORC Code.
12 For completeness, indicated and inferred mineral resource totals for PLS presented in the 2025 Annual Report differ from the aforementioned technical report due to an updated mineral resource estimates at the R840W zone in May 2023 and the R1515W zone in June 2025, which are considered non-material. 
13 Corporate tax rate of 27%.
14 Payback period measured from the start of operations, inclusive of ramp-up period.
15 Current average uranium spot price is US$74.48/lb published by Trade Tech and UxC on 25 August 2025 and average uranium long-term price is US$81.00/lb published by Trade Tech and UxC on 31 July 2025.
16 Uranium price of US$65/lb U3O8 assumed in the Fission Uranium Corp.’s “Feasibility Study, NI 43-101 Technical Report, for PLS Property” with an effective date of 17 January 2023 which was prepared in accordance with NI 43-101.

– Published by The MIL Network

NZ-AU: FY2025 Financial Results

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Source: GlobeNewswire (MIL-NZ-AU)

PERTH, Australia, Aug. 27, 2025 (GLOBE NEWSWIRE) — Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (Paladin or the Company) advises that it has released its 2025 Annual Report (including its Financial Report for the year ended 30 June 2025) and management discussion and analysis (MD&A) for Paladin Energy Ltd and its controlled entities for the three and twelve month periods ended 30 June 2025 (FY2025 Financial Results).

The Company has also released an accompanying presentation on the FY2025 Financial Results, and its Corporate Governance Statement and Appendix 4G.

These documents are available on Paladin’s website (https://www.paladinenergy.com.au/investors/asx-announcements/).

For further information contact:

About Paladin

Paladin Energy Ltd (ASX:PDN TSX: PDN OTCQX:PALAF) is a globally significant independent uranium producer with a 75% ownership of the world-class long life Langer Heinrich Mine located in Namibia. In late 2024 the Company acquired Fission Uranium Corp. in Canada, resulting in a dual-listing on the both the ASX and TSX. With the integration of Fission’s operations, the Company now owns and operates an extensive portfolio of uranium development and exploration assets across Canada, which include the Patterson Lake South (PLS) project in Saskatchewan and the Michelin project in Newfoundland and Labrador. Paladin also owns uranium exploration assets in Australia. Through its Langer Heinrich Mine, Paladin is delivering a reliable uranium supply to major nuclear utilities around the world, positioning itself as a meaningful contributor to baseload energy provision in multiple countries and contributing to global decarbonisation.

– Published by The MIL Network

Institute of Intelligence Professionals Conference

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Source: New Zealand Government

Thank you for the opportunity to speak with you today.

Thank you to Dan Wildy for the kind invitation and for the hard work you do to keep this institute alive while balancing your day job at New Zealand Police.

I’m sorry I couldn’t be with you in person today. However, it is comforting to know that our intelligence professionals come together like this to share ideas and update each other on best practice. I say that because there has probably never been a time when your work is more in demand.

For a long time, intelligence insights from professionals like you, have been a key source of information and insight for decision makers like me.

You have enjoyed a monopoly on the best tradecraft; you have had the best relationships with overseas partners; and the best access to specialised technology from which to draw your insights.

It is fair to say that there are signs that monopoly is beginning to crumble.

Intelligence professionals are now competing in a highly contested information environment where there is some very interesting work happening in the open source.

My colleagues and I as decision makers rely on your hard work to cut through the noise by giving us clear, impactful and credible insights on the things that truly matter.

I am fortunate that I to get to read rich and impactful intelligence across all of my portfolios.

You can count me as a happy customer, but I’m not the only one that can benefit from your insights.

A key challenge for you is to understand how to use your insights to support a wider range of New Zealanders: from the private sector, to critical infrastructure operators, to community organisations.

These groups all make decisions that can have implications for our national security.

How can you provide actionable intelligence and guidance that organisations and citizens can actually use?

There will always be intelligence that is too sensitive to be shared broadly.

No one is expecting you to relinquish the Crown jewels, but there’s an opportunity to find a balance.

How you engage as intelligence professionals is crucial to ensuring New Zealanders have confidence that you are focused on what matters to support our nation’s prosperity and security.

Another key challenge is to understand how innovation and technology can support this endeavour.

New Zealanders need you to stay ahead of the threats. That’s not going to happen without an innovation mindset and embracing the technological solutions that can help us solve our biggest problems.

Today I will share my thoughts on these challenges, to hopefully set the scene for some of your discussions today.

Implementing the national security strategy

This Government is focused on ensuring a secure and resilient New Zealand- one that is protected as a free, open, and democratic society for future generations.

This is the vision outlined in our national security strategy.

The strategy sets out three priorities:

  • Acting early to prevent national security threats and build resilience;
  • Working together with our international partners, businesses, and people across New Zealand; and
  • Adopting an integrated approach for our national security system.

As Minister of the NZSIS and GCSB, Defence, and Space, I’m lucky to see the great work happening in this area.

We are achieving some wins, and I think you can help us drive further change.

Acting early

The first priority is acting early.

Intelligence insights are absolutely crucial to helping the national security system, and the country as a whole, to act early on a range of threats.

I see this regularly in the reports that come across my desk.

In the cyber-security space the sooner we become aware of and take action against a threat, the stronger our defences are.

The National Cyber Security Centre’s Malware Free Networks, or MFN capability, is an excellent example of how early access to intelligence gives us the awareness needed to protect New Zealanders.

MFN has disrupted more than 500 million threats since it started operating in 2021.

If that’s not a success story for intelligence then I don’t know what is.

But there is the potential to deliver even greater impact.

There is some excellent thinking underway across the national security system about how we act earlier to disrupt the capabilities of these malicious actors and legally prevent them from striking in the first place.

When it comes to countering violent extremism, early intelligence insights are supporting efforts to disengage individuals from a radicalisation pathway.

The next step is to think about ways we can disrupt individuals when they are first engaging in violent extremist propaganda.

In order to stay ahead of the threats, the intelligence and security agencies need to do more than just collect intelligence and provide protective security advice.

What if the NZSIS was able to covertly divert an individual in some way? Or encourage a potential violent extremist to seek help and support? We could achieve an even greater impact.

In the murky world of foreign interference and espionage, early intelligence insights and protective security advice help prepare government officials and the private sector to visit countries where they may be targeted.

These insights can also support communities who are being targeted by transnational repression activities such as surveillance or harassment.

The new foreign interference legislation currently before the House will send a message to foreign state actors that this behaviour is unacceptable in New Zealand. It will also make it harder for them to operate here.

Working together domestically and internationally

The second priority from the strategy is about domestic and international collaboration.

We’ve seen significant advances from this intelligence community to make your insights more accessible to a broader audience of New Zealanders.

I may be biased as their Minister, but both the GCSB and the NZSIS have been shining lights in this regard- for example the GCSB’s annual Cyber Threat Report and the NZSIS’s Threat Environment Report.

I would like to congratulate the Service for publishing another excellent document last week.

This report brings these threats to life through clear descriptions of what we face and case studies based on actual activities that have been observed over the past year to 18 months.

There are some challenging issues in the report that will need to be addressed by our broader society.

It’s about time these conversations were normalised and for more people to understand why our national security is worthy of attention.

There is an attitude in some quarters that security and economic growth are somehow in competition with each other.

That couldn’t be further from the truth. You can’t have prosperity without security, and you can’t have security without prosperity.

In my space portfolio, we talk about growth and security in the same conversations.

We attract investment into this sector not only because we have brilliant people and technology, but also because we’re a safe place to do business with an enabling regulatory system and strong security provisions.

The most recent example of this is the ground-based space infrastructure legislation I recently passed in Parliament.

To be attractive to potential investors, New Zealand needs to show we can protect our IP and those of our customers.

That’s why I’m glad to see the NZSIS and GCSB raising awareness about the threat of foreign interference, espionage and cyber attacks. This is encouraging much more mature conversations about identifying threats and managing risk.

I would like to see these conversations taking place in boardrooms across the country, but particularly in our technology and research sectors.

If we don’t take security seriously enough, it will be a foreign state actor benefiting from our leading edge innovation, not New Zealand.

To foster collective understanding we must also focus on the work you do with our international partners.

I know those relationships are strong and I know they are vital.

You as intelligence professionals are well regarded, particularly within our most important relationship with the Five Eyes intelligence partnership.

We receive tremendous value from these relationships, but I know we contribute significant value too.

That’s why it is so galling to hear commentary that questions the value of our Five Eyes participation or claims that it interferes with our independent foreign policy.

Nothing could be further from the truth, and frankly it is time people grew up. We remain firmly in charge of our own destiny. In fact, our Five Eyes relationships help us to maintain our independence. When we receive good intelligence, we make good decisions.

I think it is time we talked more about the kind of value we receive.

It is as simple as this: our membership of the Five Eyes intelligence partnership contributes to the safety and security of New Zealand each and every day.

Being part of the Five Eyes gives us access to capabilities that help to disrupt drug flows. It helps us counter violent extremist, terrorist and foreign interference threats. It keeps us in the fight on espionage and cyber attacks.

Any cooperation with Five Eyes partners is always on our own terms. It needs to be done in accordance with our own laws and priorities, and our sovereign decision-making abilities are maintained throughout.

I think there are plenty of reasons for New Zealanders to have trust and confidence in these relationships.

The debate misses the real point – our security and prosperity, now and into the future.

Thank you for the work you do as intelligence professionals to keep our Five Eyes relationships so strong.

Adopting an integrated approach

I will finish with the third priority from the national security strategy: adopting an integrated approach.

Because of our size, we can only achieve the scale we need by working together and sharing resources across government.

New Zealand risks being left behind by the fast-moving world of artificial intelligence if we don’t look at how to achieve greater technological integration.

It’s important to get the transition to AI right, but we also can’t afford to muck around.

From a security and intelligence perspective, AI is important for three reasons:

  • AI has huge potential to make your agencies more efficient and effective.
  • Our adversaries are already using AI in ways that undermine our interests; and finally
  • Intelligence professionals need to support New Zealanders to embrace AI safely and securely.

I am pleased that your agencies have work underway in these areas, but it would be even better if we went faster, if we were more joined up, and if we better leveraged private sector capabilities.

There is no point undertaking this work within our agencies’ silos – an integrated approach will make us both stronger and safer.

If you were after a challenging and rewarding career, you have come to the right place.

There are some incredible opportunities to deliver credible, impactful and actionable intelligence that has the potential to make a real difference. You are excellent at countering threats but let’s consider how you can disrupt threats too.

You are lucky enough to work with the best of the best both here in New Zealand and alongside your international partners.

My message to you is to make the most of those opportunities and always strive for better.

Thank you for keeping us well informed and for the great work you do to keep New Zealand safe and secure.

MIL OSI

Government reforms to improve alcohol regulation

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Source: New Zealand Government

Associate Justice Minister Nicole McKee today announced proposed changes to the Sale and Supply of Alcohol Act 2012, and says the focus is on restoring fairness and practicality to the system without compromising public safety.

“Most New Zealanders who choose to drink alcohol do so responsibly. Our reforms recognise that responsible drinkers should not be penalised because of the behaviour of a few who do not drink safely,” Mrs McKee says.

“The Government is making targeted reforms to alcohol legislation to remove unnecessary red tape while continuing to uphold protections that minimise alcohol-related harm.

The package aims to improve how the law operates in practice, removing compliance burdens that don’t meaningfully reduce harm, while strengthening areas where regulation can have a real impact.

Key changes include:

  • Fairer, clearer licensing processes, including ensuring that objections to licence applications come from the local community, and allowing applicants the right to respond to objections;
  • Modernised rules for national events, enabling Ministers to declare major televised events without the need for legislative amendments each time;
  • Stronger safeguards, such as improved age verification under the Government’s Digital Identification Trust Framework, and clear responsibilities for alcohol delivery services to prevent sales to intoxicated or underage people.

“These are practical changes that maintain the core objective of the Act – minimising alcohol-related harm – while recognising that regulation must also be proportionate and workable,” Mrs McKee says.

The reforms also reflect growing consumer demand for non-intoxicating alternatives. Licensed premises will be required to offer a wider range of zero- and/or low-alcohol beverages, and outdated definitions in the Act will be updated to reflect modern products and preferences.

“People deserve to have choices, including the choice to enjoy a drink responsibly, or to opt for non-alcoholic alternatives that suit their lifestyle. The current rules around non-alcoholic options are overly restrictive and don’t reflect how people actually drink today,” Mrs McKee says.

Mrs McKee stressed that territorial authorities will retain all current powers to regulate alcohol within their communities through Local Alcohol Policies and District Licensing Committees.

“I trust local councils to make the right decisions for their communities. If people have concerns about alcohol in their area, they should raise them directly with their council, and many already do.”

“These changes strike a careful balance: they make life fairer for responsible drinkers and honest businesses, while continuing to target the areas where alcohol misuse can cause real harm,” Mrs McKee says.

Cabinet decided to

  • Allow licence applicants a right of reply to objectors.
  • Only allow objections to applications from local communities.
  • When renewing a licence under a new LAP, require DLCs to change licence conditions, rather than completely decline the application.
  • Allow hairdressers and barbers to supply small amounts of alcohol to customers without a licence.
  • Allow premises like wineries, such as breweries and meaderies, and distilleries, to hold both on- and off-licences to support cellar door sales.
  • Update regulations so that rapid delivery services will be better supported to reduce alcohol-related harm.
  • Enable the responsible Minister to declare a stand-alone exemption to special licensing requirements for national televised events.
  • Allow age verification digital identity credentials as approved evidence of age documents for alcohol purchases.
  • “Non-alcoholic” drinks are drinks with no alcohol content. E.G., water and soft drinks.
  • “Low alcohol” drinks are drinks with negligible alcohol content. E.G., kombucha.
  • “Zero-alcohol” drinks are drinks with no alcohol content, but which simulate alcoholic drinks e.g. 0.0% gin.

MIL OSI