The halt will remain in place until the beginning of normal ASX trade on Tuesday, November 5, or when an announcement is made to market, whichever occurs earliest.
Securities of the uranium-focused company last traded at 18 cents and in the last three months have traded between 17 cents and 21.5 cents.
Low pH transition
The company continues to advance the transition of its Lance Projects in Wyoming from an alkaline ISR operation to a low pH ISR operation.
An Interim Operation Report that summarises the results of the field demonstration to date is being finalised for submission to the Wyoming Department Environmental Quality (WDEQ).
The beginning of commercial-scale low pH operations in mine units 1 and 2 can start upon acceptance of the report.
Peninsula has also started optimisation and de-risking activities, which are expected to be completed during the first half of 2020.