Managing director of Peninsula Mines Ltd. (ASX:PSM) Jon Dugdale updates Proactive Investors on progress at the company's base metals project, and on both the mining and processing ends of its graphite operations. The explorer, developer and aspiring producer holds a large diversified portfolio of projects in South Korea.
Both the Ilweol and Python prospects at the Ubeong Zinc-Lead-Copper Project have been producing high-grade drilling results, with an announcement out today that the strike length at Ilweol has been doubled.
On the graphite front, Peninsula Mines is resource drilling whilst simultaneously conducting metallurgical tests on the processing of spherical graphite for lithium-ion battery anodes. There has been ongoing drilling and sampling work at the Eunha Project, with drilling planned to commence soon at the Gapyeong Project. Offtake discussions are well underway.