Uranium production from W Australian-based Peninsula Energy’s Lance Projects in Wyoming, US, has fallen 13% to 38,001lbs U3O8 in the June 2018 qtr (Q2 18) from Q1 18.
The decline was due to the May decision to suspend the majority of alkaline-based production activity within the 1st mining unit (MU1), with a drying run conducted for a total 43,553lbs U3O8 dried and drummed.
The company is maintaining its Q3 18 production of 22,500-27,500lbs U3O8 as it advances the planned transition to low pH operations at Lance that has the potential to align its operating performance/cost profile with the industry leading global uranium production projects. Full Q2 18 numbers expected shortly.