PEN 4.35% 12.0¢ peninsula energy limited

SPOT PRICE, page-80

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    low pH works

    As per their latest update:

    "Uranium grades indicate that Lance is better suited to the planned low-pH solutions than the previous alkaline based solution"

    “The current results of the field demonstration suggest that the targeted chemistry is effective in dissolving and recovering uranium from the Lance deposit. The production stream grades continue to improve”

    “With continued higher grades, the Company has now successfully produced uranium from the pilot ion exchange system.”

    Also, Wayne Heili's latest Proactive interview (if you haven't seen it yet), where he says..

    "we've achieved target chemistry that we're hoping for, and we can see with good certainty that the target chemistry works"

    "this chemistry will work at the Lance project, and I think we're there"
 
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