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Peninsula Energy managing director and CEO buying shares

The company recently received positive results from a feasibility study.

uranium barrels
The study was based on the company's flagship uranium operation in Wyoming

Peninsula Energy Ltd (ASX:PEN) has received a vote of confidence from its managing director and CEO Wayne Heili who has purchased 205,000 shares for $55,902.

Heili acquired the shares through on-market trades and the purchase increases his total holding in the company to over 1.1 million shares.

READ: Peninsula Energy feasibility study results confirm new low-cost uranium operation

Peninsula recently received the results of a feasibility study supporting the transformation to a cost-effective low-pH ISR uranium operation at its Lance Projects in Wyoming, US.

The study showed that Peninsula would become a globally competitive uranium producer by switching its uranium production method to low-pH ISR.

It estimated direct operating expenses over the 17-year life-of-mine (LoM) of US$15.59 per pound and LoM all-in sustaining costs averaging US$31.77 per pound.

Quick facts: Peninsula Energy Ltd

Price: 0.185 AUD

ASX:PEN
Market: ASX
Market Cap: $46.19 m
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Watch

Peninsula Energy reviews highlights of the June quarter

Peninsula Energy Ltd (ASX:PEN) managing director and CEO Wayne Heili outlines the achievements made by the uranium producer during the quarter.  The producing Lance Projects in Wyoming is the first US uranium ISR project authorised to use an industry-leading method, which will...

on 8/8/19

2 min read