PENINSULA MINERALS - Aktie WKN: A0CBE5

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PENINSULA MINERALS - Aktie WKN: A0CBE5

Beitrag von OhBamma am Fr Sep 24, 2010 9:44 am

Peninsula Minerals rated a 'buy' by Hartleys, 9 cents target price

Hartleys reports that Peninsula Minerals is well placed:

Peninsula Minerals (ASX: PEN) has continued its strong track-record of delivery with a recent resource upgrade from 15.1mlb U3O8 to 25.2mlb U3O8 as well as significant progress on permitting related activity at the wholly owned Lance Project in the USA.

The company’s management team has extensive experience in delivering exploration projects into production.

The next significant milestones for the company include submission of key permitting applications as well as a resource upgrade in December 2010, then completion of its Definitive Feasibility Study (”DFS”) in January 2011, with a decision to mine likely in February 2011.

The broker would also not be surprised if the company attracted a strategic investor towards the end of the year. Peninsula is targeting first production by March 2012.


Permitting – How Peninsula is Setting the Standard:

Peninsula has employed consultants WWC Engineering to manage the majority of the permitting work and documentation is almost complete, with submission on track for December 2010.

The broker recently visited Peninsula’s operations and gained insight into the proactive process undertaken by Peninsula and WWC Engineering .

Permitting is a key risk to uranium projects and the visit was essential for us to have a view on the likelihood of Peninsula achieving approvals in a timely manner, especially considering that several other companies in the region have been back and forthing with the regulatory bodies for over two years.

The broker belives that Peninsula has taken the necessary steps in order to maximise its chances of obtaining the approvals required in order to achieve first production by mid 2012.

These steps include quarterly meetings with the regulatory bodies to review the status of application documents and pre-emptively addressing all requests for additional information that have been made to other companies.

Peninsula should also benefit from most of its leases being privately owned, as opposed to being State or Federal leases.

A greater amount of work has been required to secure the surface and mineral rights; however, less red tape is expected when it comes to securing permission to construct the plant, drill wells and build roads from the landowners, who will benefit from royalties associated with any production.


Resource Definition on Track:

The company continues to achieve above expectations in relation to definition of its resource, with improvements in both size and category on a regular basis.

Peninsula is targeting 17mlb U3O8 in the indicated or better category (currently it has 9.2mlb indicated or better) by December 2010, which will enable completion of the DFS with 15mlb of saleable product.

Continued expansion of the resource is also likely, as indicated by recent drill results.


Potential for Significant Scale:

Peninsula’s initial start-up at Lance is targeting 1.5mlb pa of production; however, additional scale is possible in the region as indicated by the large resource potential of up to 145mlb identified at the company’s Wyoming projects.

Drilling at the Karoo Project in South Africa is scheduled to begin shortly where a similar sized potential resource has been identified. Production is possible from South Africa by 2017.

The company could have 4-5mlb pa production before 2020, making it a significant producer at a time when the outlook for the commodity is bullish.

The broker are confident of a near term re-rating as the company continues to deliver on its objectives.
The broker rates Peninsula Minerals as a Buy with a price target of $0.09.

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Peninsula Minerals reports NRC grants license for Wyoming Uranium facility

Beitrag von Picknicker am Mi Okt 06, 2010 2:22 pm


Peninsula Minerals reports NRC grants license for Wyoming Uranium facility
Wednesday, October 06, 2010

Peninsula Minerals (ASX:PEN) has reported that the United States Nuclear Regulatory Commission (NRC) has issued an operating license to Uranium One Americas, Inc. for the Moore Ranch in situ uranium recovery (ISR) facility in the Powder River Basin, Wyoming.

The NRC will conduct a three day site visit in late October 2010 at Peninsula's proposed Ross in situ uranium recovery (ISR) project site, the Ross Project.

The purpose of this visit is to ensure that Peninsula’s license application, via its wholly owned subsidiary Strata Energy Inc (Strata), contains the appropriate information required for NRC staff to conduct a detailed technical and environmental review so that a new

The grant of the Moore Ranch license is evidence of the NRC’s revised permitting policy for ISR mining operations in western USA which is designed to support an efficient and consistent approach to reviewing site-specific license applications for ISR facilities as well as to improve the efficiency of the regulatory bodies’ environmental reviews of these ISR applications.

Gus Simpson, executive chairman, said “the issue of the Moore Ranch operating license grant is exciting news for Peninsula as we move towards the final stage of our permitting process.”

The NRC’s review of the Uranium One Americas application included an environmental review published August 27 as a Supplemental Environmental Impact Statement (EIS), which referenced the agency’s Generic Environmental Impact Statement for in situ leach uranium recovery facilities.

The review also included a Safety Evaluation Report, which concluded the proposed facility can operate safely, including management of radiological and chemical hazards, groundwater protection, and eventual cleanup and decommissioning.

The pro-active approach of Peninsula’s licensing team in combination with the streamlined regulatory process being implemented for ISR operations in the USA bodes well for the timely approval of the company’s applications and to date feedback from the regulatory bodies has been positive.

Peninsula is on track to have final permits and licenses submitted by December 2010, to complete the next iteration of the resource calculation prior to Christmas, finalize the DFS in the first quarter 2011 and the targeted commencement of mining in 2012.

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Re: PENINSULA MINERALS - Aktie WKN: A0CBE5

Beitrag von Picknicker am Mi Okt 06, 2010 2:23 pm

Peninsula Minerals Limited is an ASX listed (ASX Code: PEN) uranium developer / explorer with assets in the USA, South Africa and Australia. Its primary focus is on uranium development and exploration through its Lance projects, located in Wyoming, and its Karoo projects in South Africa. The Company’s strategy shifted towards uranium mining in late 2005 when it acquired the Karoo projects and then, in 2007, it acquired additional uranium permits in the USA and Australia. The Company is targeting first production of 1.5 million pounds of uranium per annum from Wyoming in 2012 with additional production of 3 million pounds of uranium per annum planned from South Africa in 2017.

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Peninsula Minerals receives uranium supply requests from USA power utilities

Beitrag von Picknicker am Fr Okt 15, 2010 9:12 am

Peninsula Minerals (ASX: PEN) has received formal Requests For Product (RFP) from three USA power utilities to supply uranium oxide from its Lance Projects in Wyoming.

Peninsula aims to secure the sale of U3O8 at an escalated fixed price, fixed quantity and term for the Lance Projects production, which is planned to commence in 2012.

Over the past twelve months Peninsula has engaged key utility and end user groups with the ultimate aim of securing long term sale and purchase agreements for U3O8 and is currently responding to the RFP’s it has received.

Gus Simpson, executive chairman, said “as Peninsula advances the permitting and DFS we are also negotiating long term sale agreements which will add to the company’s ability to achieve a more attractive funding outcome”.

Peninsula’s intention is to secure long-term agreements for more than 50% of its forecast uranium oxide product from Lance.

The company expects that these agreements will be put in place between the completion of the Definitive Feasibility Study (DFS) and the debt financing arrangements being finalised.

Together with the completion of the DFS and permitting, the securing of long-term sale contracts will add to Peninsula’s ability to secure favourable project financing terms and maximise the debt component.

The next significant milestones for the company include submission of key permitting applications as well as a resource upgrade in December 2010, then completion of its DFS in January 2011, with a decision to mine likely in February 2011.

Peninsula is targeting 17mlb U3O8 in the indicated or better category (currently it has 9.2mlb indicated or better) by December 2010, which will enable completion of the DFS with 15mlb of saleable product.

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Peninsula Minerals receives site visit at Ross Uranium Project from US Nuclear Regulatory Commission

Beitrag von OhBamma am Mi Nov 10, 2010 6:46 pm

The United States Nuclear Regulatory Commission (NRC) has completed a pre-license application submission review and site visit at Peninsula Minerals (ASX: PEN) proposed Ross uranium in situ recovery (ISR) site in Wyoming, USA.

The NRC review team stated that the license application was of good quality and made suggestions on how the application could be strengthened to facilitate a timely and efficient post-submission review.

This is the first time that NRC staff has visited a site for the purpose of conducting a pre-submission review to inform a proposed applicant, in this case Peninsula’s wholly owned subsidiary Strata Energy Inc (Strata), of the quality of its license application and to provide suggestions for further enhancement of the application’s data, analysis, and conclusions.

Tony Simpson, chief operating officer of Peninsula, said "We are pleased with the outcome of the review and will be implementing their suggestions into the final license application.”

The site visit included a tour of the Ross project area, pre-operational data gathering sites, facilities and a detailed two-day review of Strata’s license application, including its technical and environmental reports.

NRC staff will now prepare a detailed meeting summary to be made available to the public within 30 working days of the site visit.

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Peninsula Minerals - Change of Company Name

Beitrag von OhBamma am Mi Nov 10, 2010 6:46 pm

5 November 20 10 Compa nies Announc ement Offic e Via Elect ronic Lodgem ent CHANGE OF COMPANY NAME Peninsula Minerals Limited (Company) advises that following approval received from shareholders at the Annual General Meeting held on 4 November 2010, the Company’s name will now change to Peninsula Energy Limited. The ASX trading symbol “PEN” is unchanged. Yours Sincerely Jonathan Whyte Company Secretary For further information, please contact our office on (08)9380 9920 during normal business hours.

Level 1, 477 Hay Street, Subiaco WA 6008, Phone: +61 (0) 8 9380 9920 PO Box 8129, Subiaco East WA 6008 Fax: +61 (0) 8 9381 5064 Peninsula Minerals Limited - ABN: 67 062 409 303.

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Re: PENINSULA MINERALS - Aktie WKN: A0CBE5

Beitrag von GoldenLilli am Fr Nov 12, 2010 6:00 pm

Oh well, i didn't know that there is an englisch speaking part of the board.
Thanks for the Information Wink

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Just Released: "Peninsula Minerals Limited (PEN) - Financial and Strategic Analysis Review"

Beitrag von OhBamma am Sa Dez 18, 2010 10:26 am

2010-12-18 03:39:43 - New Energy market report from GlobalData: "Peninsula Minerals Limited (PEN) - Financial and Strategic Analysis Review"

Peninsula Minerals Limited (PEN) is an uranium exploration company. The company principally engages in the exploration of uranium in South Africa, the US, Fiji and Western Australia. The principal projects of the company include Karoo Region project, located approximately 400 km to 600 km ENEN of Cape Town; Lance project, located Northeast of Wyoming, US; the Western Australian Uranium projects; and Raki Raki Gold project, located in Fiji. The Raki Raki project comprises three main gold prospects (Qalau, 4300E and Tataiya Ridge) and numerous other gold anomalies.

Peninsula Minerals Limited Key Recent Developments

May 12, 2010: Peninsula Minerals Completes 175 Development Drill Holes At Ross Project
Apr 13, 2010: Peninsula Minerals Updates On JORC-Compliant Resource Estimate On Lance Projects
Mar 23, 2010: Peninsula Minerals Reports Average Recoveries Of Greater Than 80% Across All Samples At Ross Permit Area
Mar 05, 2010: Peninsula Minerals Updates On Ross Drilling Program; Identifies Two New Mineralized Trends At Ross
Feb 12, 2010: Peninsula Minerals Updates On Drilling At Barber Project

This comprehensive SWOT profile of Peninsula Minerals Limited provides you an in-depth strategic analysis of the company's businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company's key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

This company report forms part of GlobalData's 'Profile on Demand' service, covering over 50,000 of the world's leading companies. Once purchased, GlobalData's highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of Peninsula Minerals Limited, including a detailed SWOT analysis, and deliver this direct to you in pdf format within two business days. (excluding weekends).

The profile contains critical company information including,

* Business description - A detailed description of the company's operations and business divisions.
* Corporate strategy - Analyst's summarization of the company's business strategy.
* SWOT Analysis - A detailed analysis of the company's strengths, weakness, opportunities and threats.
* Company history - Progression of key events associated with the company.
* Major products and services - A list of major products, services and brands of the company.
* Key competitors - A list of key competitors to the company.
* Key employees - A list of the key executives of the company.
* Executive biographies - A brief summary of the executives' employment history.
* Key operational heads - A list of personnel heading key departments/functions.
* Important locations and subsidiaries - A list and contact details of key locations and subsidiaries of the company.
* Detailed financial ratios for the past five years - The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
* Interim ratios for the last five interim periods - The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.

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Key benefits of buying this profile include,

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PENINSULA COMPLETES MAJOR REGULATORY MILESTONE

Beitrag von OhBamma am Di Jan 04, 2011 10:54 am

Peninsula Energy Limited (Peninsula) is pleased to announce that it has, through its wholly
owned US subsidiary Strata Energy Inc (Strata), completed a major regulatory milestone with
the submission of its application to the US Nuclear Regulatory Commission (NRC) for a
Combined Source and 11e.(2) Byproduct Material License.

The December 31, 2010 application requests authorization to construct and operate an in-situ
uranium recovery (ISR) facility at Peninsula’s Ross ISR Project, located near Oshoto, in northeastern
Wyoming (Ross Project). The proposed facility would consist of wellfields, pipelines and
a central plant to process extracted uranium into yellowcake for commercial use in nuclear
power plants.

Peninsula is targeting commencement of uranium mining at the Ross Project in 2012, joining
other successful uranium producers in Wyoming whose efforts are spearheading domestic
energy development in the U.S. using the most environmentally benign uranium recovery
process available.

The submission of the license application follows approximately 25 months of drilling, baseline
testing, data analysis, resource modeling, process design, and public outreach and was
prepared in accordance with relevant NRC regulations and guidance. Strata also reviewed
requests for additional information (RAIs) from NRC Staff to current ISR licensees and license
applicants to ensure that the information requested, where appropriate, was included in
Strata’s own data sets and analysis.

The process involved public outreach to interested stakeholders in the proposed Ross project
area and to the broader community beyond to identify and acknowledge any public
concerns and to include appropriate measures in its license application to address all of those
concerns. As previously announced, in October of 2010 the NRC conducted an
unprecedented on-site visit and pre-license application submission review of Strata’s proposed
license application to identify any major acceptance or technical/environmental review
issues. Feedback from that critical review was then incorporated into the final license
application package.

Peninsula’s Chief Operating Officer Tony Simpson said he is pleased with the efforts of the
Wyoming-based permitting team in preparing the application for submission in just one year.
“We set a very aggressive schedule for this project, and we are confident that what we are
delivering to the NRC is a very comprehensive, technically complete and publicly vetted
submission.”

The history of uranium development in the proposed Ross project area extends back to the
late 1960s, when some 5,000 exploration holes were drilled and an ISR research and
development plant was constructed in the area by a joint venture between Nuclear Dynamics
and Bethlehem Steel (NuBeth).

Strata purchased the complete database for the NuBeth project containing, among other
things, the original electronic drill logs, permitting application and approvals, plant operating
reports and plant closure reports. The information contained in the database, combined with
additional data gathered and analyzed by Strata, confirms significant uranium mineralization
and hydrogeological conditions conducive to the ISR method.

Building on this information, Strata has applied state-of-the-art technology to a proven uranium
recovery method through the use of sophisticated geological and hydrological modelling
systems.

Strata commenced an independent feasibility study in December of 2009 with the
development of a 5,200+-hole, computer-based geologic model. Strata used cutting-edge
well installation methods and hydrologic instrumentation systems to develop pre-operational
baseline characteristics of the proposed Ross ISR site, which forms part of the total project area
and the first proposed area to be permitted for production.

The comprehensive application package is available for public review at the Crook County
Public Library at 414 Main Street and the Crook County Courthouse at 309 Cleveland Street in
Sundance, Wyoming; and at the Wyoming Department of Environmental Quality offices at
2100 W. 5th Street in Sheridan, Wyoming and 122 W. 25th Street in Cheyenne, Wyoming.

Strata will deliver hard copies of its NRC license application to the NRC at a public meeting in
Washington, DC on Tuesday, January 4. Information on this and future NRC public meetings will
be posted at http://www.nrc.gov/public-involve/public-meetings/index.cfm. The NRC will then
conduct an “acceptance review” to ensure that the application is complete. If the
application is deemed complete, it will be accepted for detailed technical and
environmental review.

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PERMIT TO MINE GRANTED TO WYOMING URANIUM COMPANY

Beitrag von OhBamma am Fr Jan 07, 2011 8:22 pm

The State of Wyoming, Department of Environmental Quality ("WDEQ"), has issued the
commercial Permit to Mine (Permit Number 778) for the Uranerz Energy Corporation
("Uranerz") Nichols Ranch In-Situ Recovery ("ISR") Uranium Project located in Johnson and
Campbell counties in the Central Powder River Basin of Wyoming, U.S.A.

The Nichols Ranch project contains an estimated 5.5 million pounds of uranium resources
and will serve as a platform to develop Uranerz's other Powder River Basin projects through
the permit amendment provisions of the regulatory process.

Peninsula is also planning to use these same permit amendment provisions to advance its
Lance Projects through to development.

This news is significant as it provides further evidence of the increased efficiency and
streamlined regulatory environment which is supporting the progress being made in the
U.S uranium industry towards significantly increasing production.

On the federal level, Uranerz will need the final Materials License from the United States
Nuclear Regulatory Commission ("NRC") before construction can commence. Uranerz
received the draft NRC Materials License in late November, 2010.

Peninsula lodged its applications for a Combined Source and 11e.(2) Byproduct Material
License with the NRC on the 31st December 2010.

Peninsula’s Executive Chairman Mr. Gus Simpson said;

“The issue of the Permit to Mine at Nichols Ranch is good news for emerging uranium
producers in the US. This improved permitting environment, a marked shift in global
sentiment toward nuclear power combined with rising prices for U3O8 is resulting in a
significant re-rating of Uranium companies.”

Yours sincerely
John (Gus) Simpson
Executive Chairman

For further information, please contact our office on +61 (0)8 9380 9920 during normal
business hours.

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The Australian Financial Review

Beitrag von OhBamma am Mo Jan 10, 2011 12:06 pm

Presse

06.01.2011
The Australian Financial Review


http://www.pel.net.au/images/peninsul-26--eechohhugh.pdf

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Peninsula Energy submits milestone mining application for Ross uranium project

Beitrag von OhBamma am Mo Jan 17, 2011 10:44 am

Peninsula Energy (ASX: PEN) has achieved a second regulatory milestone for the Ross uranium project with the submission for a permit to mine.

The submission was made to the Land Quality Division of the Wyoming Department of Environmental Quality (WDEQ/LQD).

With Peninsula targeting uranium mining at the Ross project in 2012, Peninsula has requested authorization from the State of Wyoming to construct and operate an in-situ uranium recovery (ISR) facility near Oshoto.

The two key regulatory permits required for the development and commencement of production at the proposed Ross ISR Project are the Permit to Mine application, along with the recently submitted Combined Source and 11e.(2) Byproduct Material License application to the Nuclear Regulatory Commission.

The proposed facility would consist of wellfields, pipelines and a central plant to process extracted uranium into yellowcake for commercial use in nuclear power plants.

http://www.marketstock.com.au/?p=19420

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PENINSULA LODGES PERMIT TO MINE APPLICATION

Beitrag von OhBamma am Di Jan 18, 2011 10:16 am

Peninsula Energy Limited is pleased to announce that it has completed its second major
regulatory milestone with the submission of its application to the Land Quality Division of
the Wyoming Department of Environmental Quality (WDEQ/LQD) for a permit to mine.

The January 13, 2011 application requests authorization from the State of Wyoming to
construct and operate an in-situ uranium recovery (ISR) facility near Oshoto, in northeastern
Wyoming (the “proposed Ross ISR Project”).

The Permit to Mine application, along with the recently submitted Combined Source and
11e.(2) Byproduct Material License application to the Nuclear Regulatory Commission, are
the two key regulatory permits required for the

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DRILLING TO COMMENCE AT KAROO

Beitrag von OhBamma am Di Jan 18, 2011 10:28 am

Peninsula Energy Limited (Peninsula) is pleased to announce that it has now received the
necessary approvals from the Department of Mineral Resources (DMR) which will enable
resource development drilling to commence at the Karoo Project Sites 22 and 29 in South
Africa (Karoo Projects).

Formal notification was received from the DMR that the required Environmental
Management Plans (EMPs) and Prospecting Work Programmes (PWPs) for Sites 22 and 29
had been approved. The EMP for Site 37 has also been approved and the Company has
been informed by the DMR that the processing of the PWP is imminent.

The drilling programme is expected to commence by 24 January 2011, initially at Site 29,
and is planned to operate over four phases. Ten high ranking drill targets have been
prioritised, distributed across all six of the Company’s Project Areas, from the 392 uranium
occurrences generated by the helicopter-borne radiometric and magnetic surveys, site
mapping, ground sampling and aerial extent studies of the project areas.

Further targets have been recently identified following location and review of exploration
reports compiled by Union Carbide from their uranium exploration programme
conducted during the 1970s and early 1980s. Peninsula obtained these reports from the
South African Nuclear Energy Corporation during the September quarter.

Drilling Programme
Sites 22, 29 and 45 contain historical mineral estimates based on drilling by JCI and Union
Carbide during the 1970’s. The first Phase of the drilling programme will be focused on a
selection of the JCI and Union Carbide drill holes that will be re-drilled and logged to
determine uranium correlations in order to confirm the historical resources. Should these
results prove positive Phase 2 drilling will commence.

During Phase 2 of the programme all new surface uranium occurrences within the
selected drilling areas will be subjected to an initial drilling programme to confirm
subsurface extension of the mineralisation and to determine grades.

Should the Phase 2 programme results prove positive Phase 3 will be implemented,
consisting of the drilling of widely spaced borehole grids to delineate the lateral extent,
thickness and grade of the mineralisation.

The Phase 4 programme will consist of in-fill drilling on a more closely spaced grid than
utilised in Phase 3 in order to produce a JORC compliant resource.

Over 1,000 holes were drilled by Union Carbide and JCI on Sites 22 and 29 respectively
and follow up exploration work has identified numerous other untested uranium
occurrences.

Data capture from the historical JCI and Union Carbide boreholes has been
finalised and the data formatted for use in Gemcom to enable 3-D modelling of the
historically delineated ore bodies. This process will facilitate appropriate borehole
positioning during the drilling programme as well as expedite resource calculations.
Following successful completion of the full four phase drilling programme a feasibility study
will then be undertaken.

Peninsula Executive Chairman Gus Simpson said “After a lengthy process we are very
pleased to be able to commence the confirmation and delineation drilling programme at
the Karoo. The programme has been to designed to both delineate a JORC compliant
resource as well as to test the significant exploration potential we believe exists across the
6 projects”.

Karoo Projects – Exploration Potential

The preliminary geological studies have estimated a combined exploration potential in
the Karoo of 30-60m tonnes @ 700 – 1,400ppm U3O8 for 90 – 150m lbs U3O8. Although the
potential for mineralised channels to be stacked vertically has not been fully tested at any
of the project areas, mapping has identified its presence at five of the six project areas.

The goal over the next 18 months is to delineate 30mlbs of U3O8 (15-25m tonnes @ 700 –
1,400ppm U3O8) which will include the historically drilled deposits, their extensions and new
exploration targets. The preliminary conceptual study has suggested that this quantity of
uranium would likely support a development around a central processing facility near Site
29.

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Peninsula Energy granted approval to start drilling at South African uranium project

Beitrag von OhBamma am Di Jan 18, 2011 10:50 am

With the necessary approvals received from the Department of Mineral Resources (DMR), Peninsula Energy (ASX: PEN) will commence drilling at the Karoo Project Sites 22 and 29 in South Africa.

The required Environmental Management Plans (EMPs) and Prospecting Work Programmes (PWPs) for Sites 22 and 29 were approved by the DMR for the confirmation and delineation drilling program.

In addition, The EMP for Site 37 has been approved and Peninsula has been informed by the DMR that the processing of the PWP is imminent.

The program has been to designed to both delineate a JORC compliant resource as well as to test the significant exploration potential across the six projects.

The company expects to commence drilling by 24 January 2011, initially at Site 29, and is planned to operate over four phases.

Ten high ranking drill targets have been identified across all six of the company’s project areas to determine uranium correlations in order to confirm the historical resources.

Following the review of exploration reports compiled by Union Carbide from their uranium exploration programme conducted during the 1970s and early 1980s, further targets have been recently identified.

Peninsula obtained these reports from the South African Nuclear Energy Corporation during the September quarter.

Should the first phase results prove positive, Phase 2 drilling will commence to confirm subsurface extension of the mineralisation and to determine grades.

Upon successful Phase 2 results, Phase 3 will drill widely spaced borehole grids to delineate the lateral extent, thickness and grade of the mineralisation.

The Phase 4 programme will consist of in-fill drilling on a more closely spaced grid than utilised in Phase 3 in order to produce a JORC compliant resource.

Following successful completion of the full four phase drilling programme a feasibility study will then be undertaken.

The preliminary geological studies have estimated a combined exploration potential in the Karoo of 30-60 million tonnes at 700 – 1,400 parts per million (ppm) uranium( U3O8) for 90 – 150m pounds (lbs) U3O8.

Although the potential for mineralised channels to be stacked vertically has not been fully tested at any of the project areas, mapping has identified its presence at five of the six project areas.

Over the next 18 months the company's goal is to delineate 30mlbs of U3O8 (15-25m tonnes @ 700 – 1,400ppm U3O8) which will include the historically drilled deposits, their extensions and new exploration targets.

The preliminary conceptual study has suggested that this quantity of uranium would likely support a development around a central processing facility near Site 29.

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RESEARCH REPORT

Beitrag von OhBamma am Mi Jan 19, 2011 10:44 am

RESEARCH REPORT

Peninsula Energy Limited advises that a research report on the company has been published
by Hartleys Limited.

To view a copy of the report, please visit the company’s website:

http://www.pel.net.au/investor_info/broker_research.phtml

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Peninsula Energy rated a BUY from Hartleys with a $0.12 price target

Beitrag von OhBamma am Mi Jan 19, 2011 10:51 am

The following is an extract of a research report by Hartleys on Peninsula Energy (ASX: PEN).

Hartleys has increased its price target to $0.12 from $0.09.


Uranium developer / explorer, Peninsula Energy (ASX: PEN) has continued its track record of delivery on its goals, having achieved significant milestones at its 100% owned Lance In Situ Recovery Uranium Project in the USA.

The company has attracted a cornerstone investment of $21.6 million from specialist resources private equity group Pala Investments AG.

Pala agreed to provide a A$100 million line of equity, providing Peninsula with the option around development funding and growth strategy.

Peninsula also placed an additional $10 million to institutional investors. All shares were placed at $0.075 with a 1 for 2 attaching option with a strike of $0.03.

Two key regulatory milestones have been achieved with the submission of the Combined Source and Byproduct Material License application as well as the Permit to Mine application.

These form the main permits required for commencement of development and then production.

The Material License application is submitted to the Nuclear Regulatory Commission (NRC), who recently visited site.

This was the first site visit by the NRC to any uranium project.

The Permit to Mine is submitted to the Wyoming Department of Environmental Quality (WDEQ).

The company has been able to complete its milestones very close to, and often ahead of, it's predicted schedule and remains on track for first production in 2012.

Hartleys rate Peninsula as a BUY and have increased its price target to $0.12 from $0.09.

Peninsula last traded at $0.10.

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LANCE DRILLING PRODUCES FURTHER HIGH GT RESULTS

Beitrag von OhBamma am Mo Jan 24, 2011 11:03 am

LANCE DRILLING PRODUCES FURTHER HIGH GT RESULTS

http://www.pel.net.au/images/peninsul---eaphahmaed.pdf

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Peninsula Energy hits more uranium at Lance, JORC Resource set to increase

Beitrag von OhBamma am Mo Jan 24, 2011 11:07 am

January 24, 2011 By sgam Leave a Comment

Peninsula Energy (ASX: PEN) has hit more uranium mineralisation at the Lance Projects in Wyoming, USA.

Drilling confirms a stacked mineralised roll front system, which Peninsula said can be progressively converted to Indicated from Inferred classification.

Latest highlights include; 5.2 metres at 570 parts per million (ppm) uranium, 5.8 metres at 454ppm uranium and 9.1 metres at 256ppm uranium.

The drilling program covered 48 development holes for 9700 metres, at the Ross permit.

Current drilling at Ross is testing extensions of the known mineral zones identified by the 3D geological model.

This is to boost the grade and definition of the current; 25.2 million pound uranium JORC Resource.

Peninsula is also using a diamond drill rig to obtain core samples for metallurgical testing, which will more accurately determine the vanadium potential at Ross.

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25 January 2011 NRC Issues Draft License for Another Wyoming Uranium Project

Beitrag von OhBamma am Di Jan 25, 2011 11:00 am


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QUARTERLY ACTIVITIES REPORT HIGHLIGHTS

Beitrag von OhBamma am Di Feb 01, 2011 2:58 am

QUARTERLY ACTIVITIES REPORT HIGHLIGHTS

http://www.pel.net.au/images/peninsul---ieyooxeeph.pdf


Mining exploration entity quarterly report

http://www.pel.net.au/images/peninsul---aigubuakah.pdf

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Australischer Marktbericht, 2. Februar 2011: Fortis Mining (ASX:FMJ) sichert sich strategisches Investment in Hong Kong

Beitrag von OhBamma am Mi Feb 02, 2011 10:50 am

Sydney, Feb 2, 2011 (ABN Newswire) - Fortis Mining Limited (ASX:FMJ) ist mit dem Investment-Unternehmen Grand Concord Investments Limited aus Hong Kong eine strategische Partnerschaft eingegangen, die eine Platzierung von 6.000.000 Anteilen zu einem Vorzugspreis von 0,40 A$ je Aktie beinhaltet. Durch diese Partnerschaft eröffnet sich für das Unternehmen der Zugang zu vielversprechenden Bergbaugebieten - unter anderem zu einem weltklasse Kali-Asset. Die neuen Geldmittel werden verwendet um die bestehenden Assets weiter auszubauen und um neue Akquisitions- und Investitionsmöglichkeiten außerhalb Chinas zu erkunden.

Peninsula Energy Limited (ASX:PEN) hat von einer 31% Steigerung der JORC-Ressourcenschätzung im Rahmen des Lance Uran Projektes in Wyoming (USA) berichtet. Die Ressource setzt sich nun aus insgesamt 32,95Mlbs U3O8 gemessenen und angedeuteten Ressourcen von 10,5Mlbs U308 zusammen. Weiters hat das Unternehmen über eine Vanadium-Ressource von 1,7Mlbs V205 berichtet, die sich in dem Ross Permit Gebiet befindet.

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Peninsula upgrades Lance resources

Beitrag von OhBamma am Sa Feb 05, 2011 12:54 am

04 February 2011

Australia-based exploration company Peninsula Energy has announced a 31% increase in total resources at its Lance uranium projects in Wyoming, USA. The company has applied for a licence to mine the Ross project at the deposit.



Peninsula said that a further upgrade to the JORC-compliant resource estimate for the Lance uranium projects in Wyoming's Powder River Basin puts total resources at 33 million pounds U3O8 (12,700 tU).



The company said that since the release of the updated resource estimate in August 2010, it has continued resource conversion and exploration drilling with the completion of a further 223 drill holes mostly within or near the Ross permit area.



There was a 14% increase in measured and indicated resources from 9.2 million pounds U3O8 (3540 tU) to 10.5 million pounds U3O8 (4040 tU). The company said that measured and indicated resources comprise 32% of the total resource estimate. At Ross there is a combined measured, indicated and inferred resource of 22 million pounds U3O8 (8460 tU), an increase of 36% from the August 2010 update. The average ore grade at Ross is 453 parts per million (ppm) uranium.



Peninsula said that the measured, indicated and inferred resources are located in confined aquifers that "have demonstrated positive in-situ recovery test-work." It added, "The positive results to date provide further confidence that mining will commence within the targeted time-frame (assuming regulatory approval timeframes and funding options are achieved) with production continuing over an extended mine-life."



On 13 January 2011, Peninsula submitted an application to the Wyoming Department of Environmental Quality for a permit to construct and operate an in situ leach (ISL) facility at Ross. The company had previously submitted an application to the US Nuclear Regulatory Commission for a combined source and by-product material licence. Peninsula said that these authorizations "are the two key regulatory permits required for the development and commencement of production at the proposed Ross ISL project."



The company is targeting the start of uranium mining at the Ross project in 2012, with planned production of 1.5 million pounds U3O8 (580 tU) per year.



Researched and written

by World Nuclear News

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Peninsula Energy wins first uranium sales agreement with major U.S. utility

Beitrag von OhBamma am Mi Feb 16, 2011 10:52 am

Wednesday, February 16, 2011

Peninsula Energy (ASX: PEN) has targeted 2012 to begin producing uranium from the Lance projects, with a first sales agreement to supply 1.15 million pounds of uranium oxide over seven years to a Tier 1 power utility in the U.S. a significant milestone.

The deal will render Peninsula as one of the largest producers of uranium in the U.S. when production is ramped up at the Lance projects.

The terms of the sale agreement will see Peninsula supply U3O8 over a period of 7 years. The agreement has been struck at an escalated fixed price, fixed quantity and term.

The weighted average contract pricing over the term of the contract is consistent with the average term price used in the PFS.

This is a major positive for the company as the uranium price continues to increase, and is currently around US$73 a pound, up over 80% for the recent lows in mid-2010.

Production is targeted to commence at Lance in 2012 and build to 1.5 million pounds of U3O8 per year, with a plant capacity of 3 million pounds annually.

The agreement is a result of the company's proactive approach in 2010 which aimed at securing sales agreements, with negotiations continuing with other groups involved in the nuclear power industry.

Peninsula is likely to sign additional sales agreements with large utilities in the U.S.

Peninsula’s executive chairman Gus Simpson said “The agreement is an important milestone for Peninsula and the company."

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Peninsula Energy has $0.18 price target by Hartleys, rated a BUY

Beitrag von OhBamma am Do Feb 17, 2011 10:24 am

Thursday, February 17, 2011
Peninsula Energy has $0.18 price target by Hartleys, rated a BUY

Below is an extract from a Hartley broker report.



Target price: $0.18 in three months
Last traded: $0.15



Not Just Riding the Uranium Wave – Sales Secured:

Peninsula Energy (ASX: PEN) has announced a significant sales agreement to supply 1.15mlb U3O8 to a large (unnamed US utility).

The agreement is for supply over 7 years (~165klb per annum).

This does several important things for PEN:

- Firstly, it cements a base price for its product (which is consistent with the average PFS price of US$74 per lb); and
- Secondly, it indicates a high level of industry certainty regarding the development of the Company’s Lance Projects (production slated for 2012, decision to mine expected in H1 2011).

The transaction leaves room for additional contracts, including a majority supply agreement with an offtake partner that may also participate in future funding requirements.

The company remains well funded for all activities in the near term.

Peninsula is not just riding the wave from the recent uplift in uranium price (although it is perfectly positioned to benefit from it) but is continuing to make significant progress towards first production from its 100% owned Lance Projects, onshore USA.

The company has recently submitted key permitting applications, upgraded its resource and obtained cornerstone investment from Pala Investments Ltd.

Significant Future Newsflow Likely to Maintain Momentum Peninsula has many catalysts over the coming months, including; completion of definitive feasibility (April), decision to mine, initial drilling results from the Karoo, acceptance of key permitting documents, continued resource upgrades and potential growth driven by acquisitions or new permits.

This strong newsflow, combined with strength in the sector, should result in continued re-rating to both our valuation and price target.



Price Target Increased to $0.16:

We have tweaked our model based on the sales price achieved and decreased the dilution effect of any future financing due to the increased share price.

The result is an increase in our valuation from $0.17 to $0.18, and we have increased our price target from $0.14 to $0.16.

As previously mentioned, continued delivery on milestones will result in reratings to our valuation as we remove risk discounts associated with the significant upside potential in the company’s asset portfolio.

This upside potential already makes up more than half of our valuation; however, historical drilling and mineralisation gives a relatively high degree of confidence for proving up of substantially increased JORC resources.

Hartleys rate Peninsula Energy as a BUY.

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Re: PENINSULA MINERALS - Aktie WKN: A0CBE5

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