Peninsula Energy Limited – Quarterly Report – 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

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