Uranium

Company News

Peninsula Energy Limited (Peninsula or Company) is pleased to provide an update on operations at the Lance Projects in Wyoming, USA (Lance Projects).

Peninsula Energy Limited (Peninsula or Company) is pleased to provide an update on operations at the Lance Projects in Wyoming, USA (Lance Projects).
Highlights

  • Uranium production ramp up continuing on schedule at Lance Projects:
    • Header House 1 & 2 at steady state;
    • Header House 3 & 4 continuing to ramp up;
    • Header House 5 to be commissioned in October;
    • Header House 6 to be commissioned in November;
    • Header House 7 to be commissioned in December
  • Wellfield data package for Mine Unit 2 submitted on schedule to regulators;
  • High grade uranium intercepts and good initial flow rates reported from Mine Unit 2 development drilling;
  • Significant intercepts include:
    • 10ft @ 1,060ppm U3O8 from 534.5ft (GT 1.06)
    • 12ft @ 800ppm U3O8 from 520.5ft (GT 0.96)
    • 18.5ft @ 510ppm U3O8 from 510.5ft (GT 0.94)
  • Official mine opening held at site on 1 September.

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