PENINSULA ANNOUNCES SIGNIFICANT RESOURCE UPGRADE AT
LANCE
Highlights:
h JORC-compliant Resource Estimate now totalling 25.2Mlbs U3O8 comprising:
h Initial Measured Resource of 3.6 Mlbs U3O8
h 130% increase in Indicated Resource from 4.0Mlbs U3O8 to 9.2Mlbs measured and indicated
h Measured and Indicated U3O8, comprising 37% of the total resource estimate
h 67 % increase in total resource estimate
h 90% of Ross Permit Area Resource defined to Indicated or Measured Category
h Resource extension drilling continues with a further resource update expected December 2010 as part of the Definitive Feasibility Study
"The positive results to date provide further confidence that mining will commence within the targeted time-frame with production continuing over an extended mine-life."
PENINSULA ANNOUNCES SIGNIFICANT RESOURCE UPGRADE...
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