https://www.miningweekly.com
Energy|PROJECT
Energy|PROJECT
energy|project

Peninsula advances work at Lance

11th August 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (mininingweekly.com) – Uranium developer Peninsula Energy will be ramping-up pre-development activities at its Lance project, in Wyoming.

The company said on Tuesday that over the next 12 to 18 months, Peninsula would focus on key site-specific technical, process development and optimisation activities to prepare Lance as the only commercial low pH in-situ operation in the US, after completing the laboratory phase of optimisation testwork.

“Developments in the uranium market over the recent past have been highlighted by limited global production and restraint of mid to long-term purchasing activities by end-users, which indicates a strong likelihood of increasing price and purchasing activity over the coming months and years,” said MD and CEO Wayne Heili.

“Peninsula will use its strong balance sheet to sensibly progress Lance with the advantage of knowing that if markets warrant, we could make an investment decision in parallel with the optimisation workstream and be in commercial production within a six-month timeframe.”

Peninsula is in the midst of licence amendment applications for the use of oxidants with a low pH in-situ operation process, and for the use of ponds for solids management in future operation. The company expects to have completed these licence amendments by mid to late 2021.

Edited by Creamer Media Reporter

Comments

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.057 0.094s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: