www.pel.net.au
Peninsula Energy (ASX: PEN) is an emerging ASX listed Uranium producer with assets in the USA and South Africa. The company is focused on advancing the Lance ISR Projects, located in the Powder River Basin, Wyoming USA through to production, and to take the Karoo Projects in South Africa further up the development curve.
Peninsula Energy technical director tops up shareholding
Peninsula Energy (ASX: PEN) technical director Alfred Gillman has increased his stake in the company to 6.3 million shares.
Gillman purchased a further 300,000 shares on market for a consideration of A$11,163.80, providing an average entry price of $0.04 per share.
Peninsula Energy is in an interesting position as it moves closer to becoming a uranium producer.
The company recently completed feasibility and economic studies of its Ross and Lance uranium projects in Wyoming and the results should enable Peninsula to gain project funding and become a uranium producer in 2013.
While some investors may be gun shy of uranium, a number of analysts are predicting that uranium prices could climb in 2012-13 due to delays in new supplies coming online and Russia's plans to stop exporting enriched uranium this year from its secondary supplies.
The Ross Definitive Feasibility Study and the Lance Expanded Economic Study have confirmed the technical and economic viability of the Lance in situ recovery uranium projects in the Powder River Basin Wyoming, USA.


















