Peninsula Energy establishes new Dagger uranium project
The date of：
2023-10-24
viewed:
22
Peninsula Energy (ASX: PEN) and its wholly-owned subsidiary Strata Energy Inc have established the Dagger uranium development project in the US state of Wyoming.The project boasts an initial inferred mineral resource estimate of 3 million tonnes at an average grade of 1037 parts per million uranium oxide for 6.9 million pounds of contained metal, based on historical drilling information.It sits approximately 20 kilometres north-east of the company’s flagship Lance project, which is on track for a commercial production restart within the next 12 months.The Dagger project area consists of approximately 16.75 square kilometres of mineral rights acquired and consolidated over the last eight years for a total spend of $1.26 million.The package comprises 2.75sqkm of federal rights purchased in 2015; 7.52sqkm of federal rights acquired by new claim staking last year; 3.88sqkm of mineral leases acquired from the State of Wyoming last year; and a 2.58sqkm state mineral lease acquired from a private vendor earlier this year.The combined state and federal rights cover an area with historically-identified mineralisation contiguous to past uranium mining operations.Dagger provides Peninsula with a high-grade uranium resource and location diversity within a top mining jurisdiction, as well as the opportunity to develop a satellite operation in close proximity to Lance.Peninsula chief executive officer Wayne Heili said Dagger would be a good fit for the company’s portfolio.“Dagger perfectly complements the Lance project, which will be one of the largest uranium in-situ recovery operations in the US when it starts up,” he said.“It will add greater depth and expansion optionality to our growing company, buoyed by a robust uranium market which provides a supportive environment for re-emerging producers and project developers.”He said the development comes at an “opportune time” with the US government looking to take meaningful action to reinvigorate its domestic uranium production and nuclear fuel cycle capacity.Peninsula is planning a confirmation drilling program at Dagger over the coming year to assist the preparation of an updated resource estimate.
Hot News
/
Related to recommend
2026
-
10
-
22
Click on the number of times:
0
Mechanisms of rare earth element and aluminum leaching with magnesium sulfate based on coupled seepage–chemical–diffusion simulations in microporous networks来源：Science DirectIn situ leaching of ionic ...
2026
-
10
-
22
Click on the number of times:
0
来源：Science DirectRare-earth mono-nitrides (REN) are important rare-earth compounds whose structural stability and electronic structure are strongly influenced by localized 4f states. In this work, a f...
2026
-
10
-
21
Click on the number of times:
0
来源: Science DirectThe reason for the higher extraction rate of light rare earth elements (LREY) than that of heavy rare earth elements (HREY) during the extraction of rare earth elements (REY) from co...
2026
-
10
-
20
Click on the number of times:
0
来源：ACS Publications High-quality single crystals of refractory oxides are essential for fundamental investigations and advanced functional characterization, yet their preparation is frequentl...