Sign up Australia
Proactive Investors - Run By Investors For Investors

Peninsula Energy transitioning to 'a much more robust and effective process chemistry'

Peninsula Energy Ltd (ASX:PEN) managing director and CEO Wayne Heili speaks to Proactive Investors about the transformational work the uranium mining company has been undertaking at its flagship Lance Project in Wyoming in the US; known as the 'low pH transformation initiative.'

Peninsula Energy has already submitted amendment applications to the relevant authorities, and is in the midst of preparing a process feasibility study.

"The low pH lixiviants have proven to be the most cost-effective way to recover uranium globally. In fact the top 40% of the low-cost producers worldwide utilise this technology and this specific chemistry. So, we anticipate being able to move our project into the  top quartile," says Heili.

One of the "strengths and defining characteristics of Peninsula, that sets us apart and differentiates us from our peer group," according to Heili, is the company's contract book. It extends to deliveries in the year 2030, at an average price of over US$50 a pound. Currently, spot prices range from $20 to $22 per pound.

 
Meet Arix Bioscience Plc, Avacta Group Plc and Silence Therapeutics plc at our event, London , 04 October 2018. Register here »
View full PEN profile View Profile

Peninsula Energy Ltd Timeline

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use