Paladin Energy Ltd reports that it has reached an agreement to resolve its dispute with Areva NC (Australia) Pty Ltd (Areva).

The settlement is subject to certain conditions precedent. Please refer to the announcement today by Summit Resources Limited made as part of its rights issue (copy of extract attached) for details of the settlement.

Paladin is very pleased with the settlement as (if the settlement becomes unconditional) it:

 (a) resolves the dispute with Areva, and thereby paves the way for Paladin and Areva to work cooperatively as shareholders of Summit Resources Ltd; and

 (b) effectively brings to an end the proceedings described in Summit Resources Limited's announcement of today.

For full details of this press release, click this link. ^[1]

Uranium Investing News researchers discovered Paladin's project described on their website. ^[2]

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