Peninsula Energy

Peninsula Energy Limited (Peninsula) is an emerging ASX listed Uranium producer with assets in the USA and South Africa (ASX Code: PEN).  Its primary focus is advancing the Lance ISR Projects, located in the Powder River Basin, Wyoming USA, through to production, and to take the Karoo Projects in South Africa further up the development curve.  The Company is targeting production of 1.5mlbs of uranium per annum from Wyoming, commencing in 2012 with a planned additional target of 3mlbs of Uranium from South African commecning in 2016/17.

The Company has a strong management team which have significant experience in exploration and mine development in both the USA and Africa.  The Company has a healthy treasury with $25m in cash, a $100m equity line with its major shareholder and no debt.  Peninsula is also well supported by its shareholders that include large institutional investors in both Europe and Australia.

Projects

Directors

Mr John (Gus) Simpson  (Executive Chairman)
Mr Simpon is both a Science and Arts graduate from Curtin University, Western Australia.  He joined the Board in August 2007 and has over 25 years of expereience in the management of listed and unlisted mineral companies.  He has extensive experience in leadership, mineral project initiation/acquisition, negotiation and financing.  Previously held positions include Executive Director of Tanganyika Gold Limited, Panorama Resources NL and Australian Mineral Sands Limited.  Mr Simpson brings a high level mineral discovery and commercial expertise to the company.  

Mr Malcolm James  (Executive Director - Finance & Operations)
Mr James joined the board in December 2003 as a Non-Executive Director.  Mr James is a business graduate of RMIT University, Melbourne.  In early 2011 Mr James took on the role of Executive Director - Finance & Operations to assist the Company through the development phase of the Lance Project in Wyoming. Over the last 15 years he has played an active role in identifying, exploring, financing and developing a number of significant natural resource projects in Australia, Africa, Europe, the Middle East, the America's and Asia. To date he has been involved in raising in excess of A$3 billion in debt and equity capital across the globe.  During the past two years Mr James has established and been the CEO of the Australian Employment Covenant, a philanthropic initiative to secure 50,000 sustainable careers for Indigenous Australians.  During this period Mr James also worked closely with the Australian Children's Trust (Andrew and Nicola Forrest philanthropic organisation), undertaking significant activities in the Victoria bush fires and several initiatives across Australia to assist at risk and disadvantaged Australians.  Mr James is a founder and Executive Director of Resource & Capital Management, a boutique investment and project development firm.  He is also the Non-Executive Chairman of AIM (London) listed Alecto Energy plc.

Mr Warwick Grigor  (Non Executive Director)
Warwick Grigor is a long standing and respected mining analyst, with an intimate knowledge of all market related aspects of the mining industry. He is a graduate of the Australian National University having completed degrees in law and economics. His association with mining commenced with a position in the finance department of Hamersley Iron, and from there he moved to Jacksons, Graham, Moore and Partners to become Australia's first specialist gold mining analyst.  Having established Jacksons as a leading research stockbroker, Mr Grigor left to be the founding research partner at Pembroke Securities and then the Senior Analyst at County NatWest Securities. He retired from County in 1991 to found Far East Capital Limited that was established as a specialist small mining company financier and corporate adviser. Mr Grigor is also a founding partner and Executive Chairman of BGF Capital Group ("BGF").  BGF are an Australian owned independent stockbroking organisation with offices in Melbourne, Sydney and Hong Kong. Mr Grigor's research knowledge and market intelligence gives Peninsula a strong strategic direction.

Mr Michael Barton   (Non Executive Director)
Michael Barton is a Senior Vice President of Pala Investments AG, the exclusive advisor to Pala Investments Holdings Limited.  Pala Investments Holdings Limited is a multi-storage investment company dedicated to investing in, and creating value across, the mining sector in both developed and emerging markets.  Pala seeks to assist companies in which it has long-term shareholdings by providing strategic advice and innovative financing solutions.  He currently serves on the boards of WSD Ltd, Sierra Rutile Ltd, Dumas Contracting Ltd and Tercon Investments Ltd.  Mr Barton is a qualified chartered accountant and a member of the Securities and Investment Institute.

Mr Alf Gillman (Technical Director)
Mr Gillman has over 25 years experience as a geologist in uranium, gold and base metals.  He has extensive uranium experience including the sandstone hosted deposits of the Karoo Basin in South Africa, Powder River Basin in Wyoming and the unconformity style deposits of northern Australia.  Mr Gillman specialises in resource estimation and advanced computer modelling and since joining Peninsula has developed extensive knowledge of its projects, been instrumental in the delineation of the Company's resources, led the development of the mineralisation / exploration models and has been serving as the Competent Person for both the Lance and Karoo Projects.  For most of his career, Mr Gillman has held senior management positions, including Group Exploration Manager of Harmony Gold and he is a Fellow and Chartered Professional of the Australian Institute of Mining and Metallurgy. 

Mr John (Gus) Simpson  (Executive Chairman)
Mr Simpson is both a Science and Arts graduate from Curtin University, Western Australia.  He joined the Peninsula Board in August 2007 and has over 25 years of experience in the management of listed mineral companies.  He has had principal involvement in a number of successful mineral discoveries in Africa, Australia and North America.  Previously held positions include senior executive roles with Gindalbie Mining NL, Australian Minerals Sands NL, Panorama Resources NL and Tanganyika Gold Limited.  Mr Simpson brings a high level of strategic commercial expertise to the company.