Peninsula Energy’s definitive feasibility study positions Lance projects as globally competitive ISR uranium operations

The Ross Process Plant at the Lance Projects, Wyoming USA Peninsula Energy Ltd (ASX:PEN, OTCQB:PENMF) has released a definitive feasibility study (DFS) demonstrating a robust economic case for the company’s three Lance In-situ Recovery (ISR) Uranium Projects – Ross, Kenrick and Barber – in Wyoming, United States.

Peninsula has been transitioning its Lance projects from an alkaline ISR method to a low-pH recovery operation, which has the potential to increase uranium recoveries without compromising the public health, worker safety or the environment.

In total the projects hold some 53.7 million pounds of JORC-compliant uranium resource.

The DFS includes only the Ross and Kendrick resources, which total 21.8 million tonnes, highlighting the potential for future growth. “Unique competitive advantage” “We have been focused on methodically and efficiently applying the low pH ISR process to our flagship project,” Peninsula Energy managing director and CEO Wayne Heili said.“Peninsula has a unique competitive advantage in being […]

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