Peninsula Energy: High Grade Uranium and Molybdenum Returned at Site 22

Peninsula Energy Ltd. (ASX:PEN) announced that additional assay results have returned high grade uranium and molybdenum at the Karoo property in South Africa.

The press release is quoted as saying:

In addition to validating the high grade Uranium reported from the down-hole gamma loggingprogram, the high grade of the associated Molybdenum is particularly encouraging as it hasthe potential to add significantly to the economics of any future mineral extraction from thisarea.

To read the full press release, click here.