See 19th Jan 09 announcement for a blood...

See 19th Jan 09 announcement for a blood rush.

https://trading.nab.com.au/ComNews/20090119/00920063.pdf

Some Highlights:

NOTE: Advanced negotiations on further ground near completion

NOTE: Peninsula purchased the historic data of the Lance Project area in the second half of 2007 for 5000 holes & 912,000metres (912KLM) of drilling data.



19 January 2009 Announcment

PENINSULA ACQUIRES ADDITIONAL GROUND HOSTING HISTORIC MINERALISATION AT THE
LANCE PROJECTS

Highlights
 Newly acquired ground secured hosting historic uranium mineralisation
 Total land holding now 14,041 acres
 Additional ground contains 506 historic drill holes
 Multiple vertically stacked roll fronts intersected in each area
 Best mineralisation intersected is 2.74m (9ft) @ 1,970ppm eU3O8.
 Advanced negotiations on further ground near completion

The total area now controlled by Peninsula is 56.8km²

While already the dominant mineral rights holder in the re-discovered Sundance uranium district, Peninsula continues to acquire title over additional land with advanced
negotiations near completion on further key strategic ground. The acquisition of further land and mineral title is an ongoing process while the Company continues its focused exploration program at the Lance Projects.

Lance Projects Background

The original Nubeth Joint Venture, a joint venture between Nuclear Dynamics Inc, Bethlehem
Steel Corporation and later Pacific Power and Hyrdo (“Nubeth JV”), discovered thirteen
substantial zones of uranium mineralisation associated with an extensive system of roll fronts in
the 1970’s.
As part of this exploration program, the Nubeth JV drilled more than 5,000 exploration and
development holes, totalling in excess of 912,000 metres in the Sundance district. Peninsula
purchased the historic data of the Lance Project area in the second half of 2007 and is now
the dominant mineral rights holder in this re-discovered uranium district.