february 3m/lb plant for pen

The significance of this cant be overstated... Although it seems some simply don't get it.

A major milestone is about to occur, confirming the high value of lance alone. Let alone the very obvious fast tracking of Karoo.


Feasibility Process Commences
Peninsula made significant progress in the mine planning and development process at the Lance Projects during the quarter, as detailed below:

Plant Design

Global mining engineers and uranium specialists Lyntek Inc (Lyntek) were appointed to design an In-Situ Recovery (ISR) uranium processing plant that is capable of processing up to 3 million pounds of U3O8 per annum.

The design process involves a detailed review of the uranium deposit characteristics at Lance, the layout of the production well fields, the metallurgy of the uranium, reports on pilot tests, disequilibrium conclusions, plant site issues and all other concerns that will affect the design of the plant and permitting process.

It is anticipated that the plant design will be completed by the end of February 2010.

Based in Colorado, Lyntek provide services globally ranging from process engineering and feasibility studies through to detailed engineering, procurement, construction management, plant start-up and pilot plants. Lyntek are highly experienced in the uranium industry having been involved in the sector since 1983, and have vast knowledge of mining operations in Western USA. Current and past clients include Ur-Energy Inc, Cogema, Heathgate Minerals Inc, Power Resources Inc, Sumitomo Uranium and also Wyoming based High Plains Uranium Inc. Lyntek will also provide various engineering and design services during the feasibility process.

Injection Well Feasibility Study

Petrotek Engineering Corporation (Petrotek), a company specialising in technical evaluation, permitting and field operations related to injection projects, was appointed during the quarter to provide the feasibility study for disposal wells in the Lance project area. The feasibility study will evaluate subsurface zones for the disposal of fluids from ISR mining and restoration. Petrotek has completed numerous disposal well and related groundwater projects for ISR operations over the past 15 years, including clients such as Crow Butte Resources Inc, Energy Metals/Uranium One, Power Resources Inc, Cogema, URI/HRI and Ur-Energy.


It is anticipated that Petrotek will complete the feasibility study by February 2010.


Stay happy ;)