PEN 4.35% 11.0¢ peninsula energy limited

Ann: Quarterly Results Webcast Presentation, page-2

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    All going well and to plan,... Great work by management and team..

    Initial restoration target is a pH of 5.0 S.U. •
    Area pH level is now above 4.5 S.U. with consistent upward trend •
    Anticipate successful completion of Demonstration Phase 1 in 3Q of CY19

    LowpH Operational Readiness at Lance • Maintaining full operational labor levels for resumption of activities •
    Two fully developed wellfields with remaining recoverable resources •
    Low pH operations could commence at any time after the submission of the field demonstration Initial Operations Report •
    Using next 1-2 months to refine low pH ramp-up plan using learnings from field demonstration and to prepare the facilities
 
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