Peninsula Energy (ASX:PEN) hikes uranium MRE by 7.8% in Lance Project

Peninsula Energy announced a 7.8% increase in the mineral resource estimate for its Lance Projects in Wyoming, USA, now standing at 58 million pounds U3O8.

Within the life-of-mine study areas, the MRE surged 19.6% to 26.2 million pounds U3O8, attributed to 2023 drilling programs.

Inferred mineral resources within Kendrick increased by 50%, and Ross production area resources grew by 6.4%.

Peninsula plans additional 2024 drilling for further upgrades.

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