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Peninsula Energy ( (AU:PEN) ) just unveiled an announcement.
Peninsula Energy Limited has released a revised Life of Mine plan for its Ross and Kendrick Production Areas within the Lance Projects, highlighting the conversion of inferred resources to indicated quality. The plan, which utilizes a 60% conversion factor, underscores the company’s strategic focus on leveraging existing resources to ensure continued production viability. The revised plan affirms the economic feasibility of the projects, even excluding inferred resources, thus maintaining positive financial performance expectations.
More about Peninsula Energy
Peninsula Energy Limited is a company operating within the uranium mining industry, focusing on sustainable uranium supply for a low-carbon energy future. The company is engaged in activities related to exploration and production of uranium, with their operations primarily concentrated in the Lance Projects.
YTD Price Performance: -1.39%
Average Trading Volume: 47,958
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $129.5M
See more insights into PEN stock on TipRanks’ Stock Analysis page.
