Peninsula Energy Reports Quarterly Activities

Peninsula Energy (ASX:PEN) reported its quarterly activities ended on June 30, 2015. Highlights include construction and wellfield development progressing as scheduled at the Lance Uranium Projects in Wyoming, confirmation of uranium mineralization at the Karoo Projects in South Africa, and the commencement of the listing process on the New York Stock Exchange.
As quoted in the press release:

HIGHLIGHTS
WYOMING, USA – LANCE URANIUM PROJECTS

• Construction and Wellfield Development continues on schedule
• All monitor wells installed at Mine Unit 1
• Mine Unit 1 aquifer pump tests successfully completed
• Wellfield data package finalised for submission to regulators
• Outstanding Deep Disposal Well result

SOUTH AFRICA – KAROO URANIUM PROJECTS

• Further high grade uranium mineralisation confirmed at the Karoo Projects

CORPORATE

• New York Stock Exchange listing process commences
• New Board and Executive appointments
• Cash as at 30 June 2015 of A$35.6m
• Debt as at 30 June 2015 of A$1.2m.
• Additional Term sale contract negotiations progressing well

Click here for the full Peninsula Energy (ASX:PEN) press release.
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