The Dagger Project in Crook County, Wyoming lies within the North Black Hills district in the northeast corner of the state, and is situated in close proximity to Peninsula’s flagship Lance Projects.
The Lance processing facility is only 20km north east of Dagger and accessible via existing, well-maintained, all-season public roadways.
Dagger consists of approximately 4,140 acres of mineral rights, brought together through a series of transactions spanning an eight year period. The Dagger Project is contiguous with a previously successful uranium mine site and boasts a Mineral Resource Estimate (MRE) of 6.9 million pounds U3O8 (inferred) at an average grade of 1,037 ppm. The MRE assumed mining by ISR methods and is reported at a cut-off grade above 0.02% eU3O8 and a minimum grade-thickness of 0.2.
Dagger and Lance Projects, Wyoming, USA
U3O8 Metal (KTonnes)
*The MRE for Dagger was prepared in accordance with the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) by Mr Benjamin Schiffer, who qualifies as a competent person under the JORC (2012) Code. Mr Schiffer is employed by independent consultant Western Water Consultants, Inc. d/b/a WWC Engineering. An available exploration data set was evaluated using modern roll-front mapping techniques and Grade Thickness (GT) outline resource calculation methodology. Uranium grades were determined by a combination of downhole gamma geophysical measurements and chemical assay verification on core samples. Mr Schiffer has verified historical drilling data and records within Dagger and consents to the inclusion in ASX release dated 23 October , 2023 of the matters based on his information in the form and context in which it appears.