Peninsula Energy Progresses Smoothly Towards Year-End Uranium Production

Proactive - Interviews for investors

Wayne Heili, CEO of Peninsula Energy, provided an update to Steve Darling from Proactive on the company's ongoing plant construction and wellfield development activities at the Lance Projects in Wyoming. Heili reported that these activities are progressing as planned, both on schedule and within budget. A significant milestone is anticipated later this year with the production restart, which will be marked by the commissioning of new process plant circuits. These circuits will begin the initial recovery of uranium from wellfield solutions delivered to the plant. In addition to this, Heili shared details about the company's efforts to modify and expand the Ross process plant and its auxiliary facilities at Lance. Originally constructed in 2015 as an alkaline In-Situ Recovery (ISR) satellite plant, these facilities are now being adapted for expanded production capacity using the low-pH ISR process. This expansion includes the full central processing plant capability, enabling the production of finished dry yellowcake. Notably, 74% of the major equipment needed for this process has already been ordered, with expected deliveries aligning perfectly with the construction schedule. Furthermore, Heili discussed the continuous advancements made by the company's employee and drilling contractor teams in developing new wellfield facilities. The previously established wellfield areas, specifically Mine Units 1 and 2, are now ready for the resumption of uranium recovery operations. Simultaneously, Peninsula Energy is actively developing a new wellfield production area named Mine Unit 3, demonstrating the company's commitment to expanding its production capabilities and enhancing its operational efficiency. #proactiveinvestors #peninsulaenergylimited #asx #pen #uranium #mining #UraniumProduction, #MiningUpdate, #LanceProjects, #WyomingMining, #WayneHeili, #WellfieldDevelopment, #ConstructionProgress, #UraniumIndustry, #MiningNews, #ProductionSchedule, #EnergySector, #InvestorUpdate, #ResourceDevelopment, #MiningOperations, #UraniumExtraction, #EnergyProduction, #IndustryUpdate, #ProjectExpansion, #MiningProjects#invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews