Peninsula Energy Limited
(ASX:PEN) says that its uranium projects in the US state of Wyoming are on schedule for first production later this year.
The wellfield development activities of the Lance projects are underway with four drills already installed and a fifth on its way to the site.
Concrete slabs have been poured for building associated with the Central Processing Plant and the Deep Disposal Well is almost complete.
Peninsula says it is also well advanced with approvals for its pre-operational licence conditions and sees no reason for delay.
Peninsula reported a net profit of $2.4 million for the 2014 calendar year.
