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Peninsula Energy Limited (ASX:PEN)

ALERT: Price-sensitive ASX Announcement for PEN
Current share price for PEN : $0.365 -0.59 (-61.78%)+
Announcement
Release
30 Jan 2026 9:36AM
Price at Release
$0.955
Full Release
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Summary
Peninsula Energy Limited reported significant progress in the operational ramp-up and commissioning of the Lance Uranium Project, with a focus on addressing previous challenges in the wellfield operations. The company remains on track for its CY2026 uranium production guidance despite lower flow rates from Mine Unit 3, thanks to advancements in Mine Unit 4. The financial position was strengthened with a completed A$69.9 million equity raise and a fully drawn debt facility. The Dagger Exploration Project continues to plan for additional drilling to support resource confidence. All shareholder resolutions were passed at the latest Annual General Meeting.
Key Points
  • Commissioning of key systems within the Lance Central Processing Plant continued.
  • Permanent piping replacement in Phase 1 of the CPP was completed.
  • MU-4 expected to offset lower flow rates from Mine Unit 3.
  • Peninsula is on track to meet uranium production guidance for CY2026.
  • Review of existing drill data at Dagger Exploration Project continues.
  • Funding package for Horizon 21 growth completed with A$69.9 million raise.
  • Davidson Kempner debt facility fully drawn, US$3 million converted to equity.
  • Annual General Meeting of Shareholders held with all resolutions carried.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.