The Conversation (0)
Peninsula Energy Limited – Quarterly Report – December 2016
Jan. 31, 2017 10:53AM PST
Energy Investing
Peninsula Energy (ASX:PEN) is pleased to provide a link to the Company’s Quarterly Activities Report for the period ending 31st December 2016.
Peninsula Energy (ASX:PEN) is pleased to provide a link to the Company’s Quarterly Activities Report for the period ending 31st December 2016.
- 200,000lbs U3O8 delivered under term contracts over Dec 2016 – Jan 2017
- Weighted average price was US$55/lb. U3O8
- Streamlined operating strategy implemented
- Production aligned to contract delivery commitments
- 35,000 lbs. U3O8 produced in December Quarter
- Sustainable cash generation from Lance Projects targeted for H1 2017
- A$8.5 million placement successfully completed
- Cash as at 31 December of A$11.8 million
- Receivables as at 31 December are a further US$ 4.7 million
Read full press release.
Click here to connect with Peninsula Energy (ASX:PEN) to receive an Investor Presentation.