BRIEF-Peninsula Energy Says Final CPP Capital Cost Is Projected To Be $9.5M Higher Than Previous Estimate For Lance Project

Reuters

2024-11-15

Nov 15 (Reuters) - Peninsula Energy Ltd :

* FINAL CPP CAPITAL COST IS PROJECTED TO BE US$9.5M HIGHER THAN PREVIOUS ESTIMATE FOR LANCE PROJECT

* OVERALL CY2026 AND CY2027 PRODUCTION PROJECTIONS NOT MATERIALLY IMPACTED BY EARLY RAMP-UP STAGE DELAYS

* MANAGING DIRECTOR, WAYNE HEILI HAS INDICATED HIS INTENTION TO RESIGN FROM MD/CEO ROLE IN 2025

* EXECUTIVE SEARCH PROCESS HAS BEEN COMMENCED FOR A NEW MD

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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