Name of the Project
Lance Projects – Ross and Kendrick production areas.
Location
Wyoming, US.
Project Owner/s
Peninsula Energy.
Project Description
A new life-of-mine (LoM) plan for the production areas has delivered a robust and resilient project development plan for Lance, including an accelerated production ramp-up schedule. The LoM model is based on a total resource base of 21.8-million pounds of uranium estimated to be contained within the production areas.
LoM uranium production is estimated at 14.8-million pounds.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a net present value, at an 8% discount rate, of $116.2-million and an internal rate of return of 26%.
Capital Expenditure
LoM capex is estimated at $285-5-million.
Planned Start/End Date
Production is expected to start in late 2024.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Western Water Consultants (definitive feasibility study).
Contact Details for Project Information
Peninsula Energy, tel +61 8 6263 4461 or email info@pel.net.au.