Brief: Peninsula Energy Says Final CPP Capital Cost Is Projected To Be $9.5M Higher Than Previous Estimate For Lance Project

Peninsula Energy

15/11/2024 01:51

Nov 15 (Reuters) - Peninsula Energy Ltd  PEN.AX :
    * FINAL CPP CAPITAL COST IS PROJECTED TO BE US$9.5M HIGHER
THAN
PREVIOUS ESTIMATE  FOR LANCE PROJECT
    * OVERALL CY2026 AND CY2027 PRODUCTION PROJECTIONS NOT
MATERIALLY
IMPACTED BY EARLY RAMP-UP STAGE DELAYS
    * MANAGING DIRECTOR, WAYNE HEILI HAS INDICATED HIS INTENTION
TO
RESIGN FROM MD/CEO ROLE IN 2025
    * EXECUTIVE SEARCH PROCESS HAS BEEN COMMENCED FOR A NEW MD

Further company coverage:  PEN.AX 

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