The company is advancing a portfolio of flake graphite projects in South Korea.
() executive director Daniel Noonan has acquired an additional 400,000 shares in the company after participating in the share purchase plan (SPP).
The acquisition increases Noonan’s holding in the company to 16.5 million shares.
Earlier this week, Peninsula intersected graphitic mineralisation in the first three diamond holes drilled at the high-grade Gapyeong Flake-Graphite Project in South Korea.
The three holes totalled 223.4 metres and confirmed the exploration target model for this high-grade flake graphite project.
These early results bode well for the definition of a maiden flake-graphite JORC resource.
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