Peninsula Energy Gains Key Permit For Lance Uranium Site In Wyoming

Published on Saturday April 16 2011 (AEST)-Australia

The Wyoming Department of Environmental Quality on Wednesday April 12 2011, granted the permit to Strata Energy Inc., a wholly owned subsidiary of Peninsula Energy Ltd., for its Lance project.

The deep disposal well license, the first of the three main licenses needed by the company to start mining, allows Peninsula to construct and test five in-situ recovery wells at the project site, located near Oshoto in Crook county.

In in-situ recovering mining, a solution of water and sodium bicarbonate is pumped underground to dissolve uranium ore into the solution, which is then brought to the surface by production wells.

The uranium is then "dried" to produce U308, sometimes known as yellowcake because of its color and consistency.

"The grant of the DDW permits is the major milestone we need to achieve in the permitting process and another important step toward the company commencing mineral extraction operations at Lance."

The company stated the DDWs "will be used to inject low-level wastes into an isolated rock formation at a depth in excess of 8,000 feet below the surface."

Peninsula expects these to meet the water management requirement of an ISR operation at the Ross Project.

The permit was issued after a review by both the WDEQ and United States Environmental Protection Agency (USEPA) as well as a public notification and comment period, and is the culmination of 30 months of detailed environmental, geological, hydrological data gathering and analysis by the company.

Peninsula is now waiting on the review and grant of its Source Material Licence and it’s Permit to Mine applications lodged with the NRC and WDEQ on 31 December 2010 and 13 January 2011 respectively.

On March 25 Peninsula intersected more high grade uranium from drilling at its Lance uranium project, which will add to Inferred Resources at the next Resource upgrade.

Click Image To Access Uranium Stocks Australia

VISIT MY OTHER SITE

@

australian-uranium-quick-search