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Peninsula Energy reports major upgrade of uranium resources

Peninsula Energy Limited (AU:PEN) has released an update.

Peninsula Energy Limited has announced a significant 19.6% increase in the Mineral Resource Estimate (MRE) for its Lance Projects in Wyoming, with total uranium resources now at 58 million pounds of U3O8. This upgrade follows successful drilling programs in the Ross and Kendrick production areas, culminating in a 50% increase in inferred resources at Kendrick. The company is gearing up for further drilling in 2024, aiming to strengthen its resource base as it prepares to restart commercial production.

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