Dagger Project

Peninsula Energy’s 100%-owned Dagger Project is located in Crook County, Wyoming, close to the Company’s flagship Lance Project. Dagger represents a potential future satellite ISR uranium operation.

6.9 Mlb

Inferred Mineral Resource of contained U₃O₈

3.0 Mt at an average grade of 1,037 ppm U₃O₈

1,037 ppm

Average grade

More than twice the average grade of the Lance Resource

20km

Lance Central Processing Plant

Located approximately 20km south-west of Dagger and accessible by existing all-season public roads

4,140

Acres of mineral rights (approximately)

Crook County, Wyoming

Dagger comprises approximately 4,140 acres of mineral rights and hosts an Inferred Mineral Resource of 3.0 Mt at an average grade of 1,037 ppm U3O8 for 6.9 Mlb of contained U3O8. At more than twice the average grade of the Lance Resource, Dagger provides Peninsula with a relatively high-grade uranium resource close to its existing Lance infrastructure – making it a strategically attractive component of the Company’s longer-term Wyoming growth pipeline.

The Lance Central Processing Plant is located approximately 20km south-west of Dagger and is accessible by existing all-season public roads.

Its combination of grade, proximity and potential compatibility with ISR development makes Dagger an attractive potential satellite development.

Dagger and Lance project areas, Wyoming

Peninsula is advancing technical assessment of Dagger, with a Scoping Study underway and further exploration planned.