Peninsula Energy Limited
(ASX:PEN) has completed its first uranium delivery under its wholly owned subsidiary Strata Energy Inc’s 2011 sale and purchase agreement with a US utility.
Recovery operations began from the Ross Permit Area of the Lance Projects in Wyoming, USA on 2 December 2015.
The company said flow-rates continue to be very good with phase one full production expected to see a total of 7 header houses in operation.
Peninsula has four significant uranium concentrate sale and purchase agreements in place for a major portion of production over the first five years of operations.
Peninsula Energy recorded a net loss of $5.345 million at 30 June 2015.
