Peninsula Energy’s (ASX:PEN) Lance DFS highlights potential as globally unique uranium operation

Peninsula Energy’s (PEN) definitive feasibility study (DFS) positions its Lance projects, in Wyoming, as a globally competitive in-situ recovery (ISR) uranium operation

The company completed a DFS for the Ross and Kendrick production areas, which have a resource totalling 21.8 million pounds of uranium oxide

The DFS outlines a life of mine production of 14.4 million pounds of uranium over 14 years and gross revenue of US$895 million (A$1.2 billion)

MD and CEO Wayne Heili says the company has a “unique competitive advantage” in being the only US-based uranium company using the low pH ISR method A final investment decision on the project will be made by the end of the year PEN shares drops 10 per cent to trade at 18 cents per share as of 1:19 pm AEST Peninsula Energy’s (PEN) definitive feasibility study (DFS) has positioned its Lance projects, in Wyoming, as a globally competitive in-situ […]

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