Peninsula Minerals (PEN)

Shares / Stock Code

PEN

Stock Exchange / Sharemarket

Australian Securities Exchange

Peninsula Minerals (PEN) is a uranium exploration company. The company has projects located in Wyoming USA, South Africa, South Australia and Western Australia. The company listed on the Australian stockmarket (ASX) on 26 May, 1994.

PEN's primary focus is on the development of the Lance Uranium Projects in Wyoming and the Karoo Projects in South Africa. The company has set first production targets of 1.5M pounds of uranium from Wyoming in 2012 and 3M pounds of uranium from South Africa in 2017.

PEN's major customers would include the retail, wholesale and international markets. Its competitors consist of other uranium mining and exploration companies. The mining industry is a global industry, which is highly competitive.

The Lance Projects are located on the North-East flank of the Powder River Basin in Wyoming. The Karoo Projects, located in the Western Cape, Eastern Cape and Northern Cape Provinces of South Africa comprise six project areas that cover a total area of 1,985 square kilometers. The Company holds 50% interest in Raki Raki Gold Project located in the north of Viti Levu, consisting of three gold prospects (Qalau, 4300E and Tataliya Ridge), which covers 137.3 square kilometer. It operates in Australia, South Africa, the United States and Fiji. In January 2009 the Company announced the acquisition of ground containing 506 historic drill holes.

Peninsula Minerals (PEN) Products and Services

  • Uranium exploration.

Peninsula Minerals (PEN) Locations and Subsidiaries

Peninsula Minerals Head Office
Level 1, 477 Hay Street,
SUBIACO, WA, AUSTRALIA, 6008
Phone: (08) 9380 9920
Fax: (08) 9381 5064

Peninsula Minerals (PEN) Share Price

Submitted by ASX Listed Company on 19 May, 2010 - 16:12

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