Peninsula Energy Limited (PEN) is a uranium mining company. The Company has three operating segments: Lance Uranium Projects, Wyoming USA; Karoo Uranium Projects, South Africa, and Corporate/Other. The Company is engaged in in-situ recovery uranium operations at its Lance Projects. The Lance Projects are located on the north-east flank of the Powder River Basin in Wyoming, United States. The Lance Projects have 305 line kilometers of identified roll fronts and an exploration target of 158 to 217 million pounds (mlbs) Triuranium octoxide (U3O8). PEN is also progressing its Karoo Uranium Projects in the Karoo Basin, South Africa through feasibility. The Karoo Uranium Projects have uranium-molybdenum bearing sandstone channels. The Company's Raki Raki project comprises three main gold prospects: Qalau, 4300E and Tataiya Ridge.