Peninsula Energy Ltd (ASX:PEN, OTCQB:PENMF) and its subsidiary, Strata Energy Inc. have started construction of the expanded Ross Central Processing Plant (CPP) at the Lance Projects in Wyoming, USA.
Contractor mobilised to site
The project's engineering, procurement and construction (EPC) contractor, Samuel, has kicked off earthworks as part of the uranium plant's expansion.
Foundation and tank pedestal concrete work for the filtration plant at Ross CPP.
This expansion is a strategic enhancement to increase the facility's production capacity to up to 2.0 million pounds per annum of dry yellowcake (uranium oxide).
Previously, modifications were made to the existing plant to facilitate the processing of low-PH In-Situ Recovery (ISR) solutions.
Boosted production
The ongoing expansion will not only boost production rates but also accommodate the necessary facilities for dry yellowcake production.
Samuel has completed the detailed engineering and secured long-lead time items essential for the project's progress.
The construction of the Lance plant and the development of the associated wellfield are on schedule, with commissioning expected by late 2024.
"Key piece of jigsaw"
Peninsula managing director and CEO Wayne Heili said: “It’s exciting to see construction underway on the expansion of Ross Central Processing Plant.
This is a key piece of the jigsaw for us, providing the ability to produce a finished product for our customers, without having to rely on any third-party processing facilities.
It is pleasing to see the project evolve daily. With the momentum we currently have, we remain confident of hitting our production targets for 2025.”
Aerial view of development and drill rigs.
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