Australia's Peninsula Energy rises on flagship project's production update

Peninsula Energy

08/05/2023 04:06

** Shares of Peninsula Energy  PEN.AX  rise as much as 3.3%
to A$0.155
    ** Uranium miner says it is on track to have first uranium
production from its flagship Wyoming-based Lance Projects by
mid-2023
    ** In March, PEN reported a delay in the commercial restart
of Lance Projects on difficulties in delivery of long-lead time
items
    ** "April felt like a turning point as the Lance Project
team took delivery of several long lead-time items that were
previously holding back progress," said Managing Director and
CEO Wayne Heili 
    ** Stock up ~15% this year, as of last close

 (Reporting by Mehr Bedi in Bengaluru)
 ((Mehr.bedi@thomsonreuters.com))