Peninsula eyes yellowcake production in first quarter 2026

Peninsula Energy managing director and chief executive officer George Bauk said: “The commencement of acidification within Mine Unit 4 is a significant milestone to conclude the year. Mine Unit 4 incorporates the optimised well-field design within a mining area that is demonstrating strong flow rates, which we expect to be representative of the broader Kendrick mining area.

Back at the central processing plant, commissioning is gaining momentum, with operators fine-tuning the leaching, precipitation, filtration and drying circuits. At the same time, the company is integrating a water purification system to remove excess sodium from the process stream, delivering a cleaner, higher-quality dried yellowcake product.

Additionally, corrosion-affected pipes from phase one are being replaced with a fibre-reinforced plastic, which has proven effective at coping with acidic conditions. Work on the piping is slated for completion next month, ahead of production flows from Header House 14.

Peninsula remains on track to achieve its 2026 uranium production guidance of 0.4 to 0.5 million pounds, which is fully consistent with the company’s timetable for its ongoing ramp-up at the Lance project.

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