| Announcement Date: | 2022-08-15 |
|---|---|
| Announcement Type: | Feasibility Study |
| Announcement Code: | JORC |
| Company name: | Peninsula Energy Ltd. |
| Project name: | Lance |
| Location: | United States |
| Commodities: | Uranium |
| Highlight: | Feasibility study results incl. pre-tax NPV of US$125M, IRR of 43% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | The August 2022 Definitive Feasibility Study (the Study) completed for the Ross and Kendrick Production Areas within the Lance Projects includes Measured and Indicated resources, and based on historical experience at Lance, utilizes a resource conversion factor of 61% to convert Ross and Kendrick Area Inferred resources to Indicated or greater quality for use in this study. The purpose of the Definitive Feasibility Study is to demonstrate the economic viability of the Ross and Kendrick portion of the Lance Projects and the robustness of the planned low pH operations over an extended mine life beyond the fully licensed Ross Production Area. The Definitive Feasibility Study itself is based on various material assumptions as noted in Appendix 2. This includes the homogeneity of the delineated ore body contained within the Lance Projects which is considered reasonable by the Company’s technical consultants, competent persons and independent external consultants. The Company believes that it has a reasonable basis upon which to prepare and release these Definitive Feasibility Study results, particularly given that the Ross Production Area was first placed into production in December 2015. Whilst the Company considers that all material assumptions underpinning the Definitive Feasibility Study are based on reasonable grounds, there is no certainty that they will prove to be correct or that the outcomes indicated by the Definitive Feasibility Study will be achieved. |
| Read More |
Pricing Plans
We are a SaaS business and access to announcements and data is by subscription. We offer monthly subscriptions and discounts for annual payments.
Standard
$
10
Per Month
Stay up to date with the global mining industry.
- The Opaxe Review
- Search using Explore
- 40,000 company announcements
- Access announcements older than 7 days only
Essential
$
50
Per Month
Our most popular plan, great for: Small Investors, and Mining Suppliers
- All Standard plan features; plus
- New business opportunities every day
- Customizable filters and search results
- The Opaxe Index
- Export search results to your own system
- Company pages & other announcements
Premium
$
100
Per Month
Comes with Alerts and lots of data, perfect for: Mining Companies, Consultants, and Share Traders
- All Essential plan features; plus
- Announcement Alerts and Notifications
- Drilling result comparisons
- Downloadable intercept data
- Resources and reserves data