The Dagger project is located about 20 km from the Lance facility in Wyoming, US.
Uranium developer Peninsula Energy has established a new uranium development project, the Dagger project, which boasts an initial mineral resource estimate of 6.9-million pounds of uranium oxide.
The Dagger project is about 20 km northeast of the company’s flagship Lance facilities in Wyoming, US.
MD and CEO Wayne Heili said on Monday that Dagger provided Peninsula with an exciting opportunity to further increase the size and scale of its already sizeable mineral resource inventory.
“Dagger perfectly complements the Lance projects, which once in production, will be one of the largest uranium in-situ recovery operations in the United States. The establishment of the highly prospective Dagger Project adds greater depth and expansion optionality to our growing company.”
“This strategic development comes at an opportune time with the United States government looking to take meaningful action to reinvigorate its domestic uranium production and nuclear fuel cycle capacity, whilst the company continues preparing for the resumption of commercial production at our US-based Lance projects by late 2024," said Heili.
Dagger provides the opportunity to develop a satellite production operation near Lance.