dfs, page-4

Catalyst is financing crunchies now getting a independent review...

Since the completion of these studies, Peninsula has commissioned Trec, an independent specialist ISL engineering firm based in Wyoming, to complete an owners review and optimisation study of the DFS and EES. Peninsula has received the final draft from Trec and the financial model is being independently verified by Rockbury Capital who is also ensuring that its findings are correct and are presented in a format that fully meets the expectations of the various project financing groups who are currently reviewing the Lance Projects.