It is sandstone hosted, however PEN now include both ISR and conventional mining in their statements. Whereas ISR was never previously mentioned.
Looking at the karoo map it is also a very strong possibility that "masking" of the subsurface uranium resource. I never realised the significance of this when it was first touted with EXT, I do now. I would love that to be the case and I watch for this closely now as PEN progresses.
I would love Karoo to be ISR but we have to wait and see what develops.
PEN Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held
