Peninsula Energy Limited (AU:PEN) has released an update.
Peninsula Energy Limited is moving forward with its Lance Uranium ISR Project, aiming for production readiness by August 2024, as detailed in their latest investor presentation. The company emphasizes that the project’s financial and operational projections are forward-looking and subject to risks and uncertainties, advising investors to perform their own due diligence. The project’s feasibility is backed by both measured and indicated resources, with inferred resources also included in the revised life-of-mine plan, despite the higher risk associated with their geological confidence.
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