Peninsula Energy Increases Resource at Lance Project

Mining Weekly reported that Peninsula Energy has added the indicated resource at its US based Lance project by 2.5 million pounds of uranium oxide.

As quoted in the market news:

The project’s inferred resource also increased by 2.2-million pounds of uranium oxide (U3O8).

Peninsula said on Thursday that the key objective of the 2012 drilling programme was to increase the measured and indicated resource of the Lance project, in preparation for the start of mining operations.

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