Tuesday, 26 July 2011

Peninsula Energy steps closer to grant of Ross Uranium Project Air Quality Permit

Peninsula Energy's (ASX: PEN) Ross ISR Project Air Quality Permit application has been deemed complete by the Air Quality Division of the Wyoming Department of Environmental Quality (WDEQ/AQD), representing another important step towards the grant of the permit in September 2011.

The application was submitted by Peninsula's wholly owned subsidiary Strata Energy Inc. and the WDEQ/AQD will now commence a technical review which it expects to complete within sixty days.

Peninsula is targeting commencement of uranium recovery at the Ross Project in Wyoming, USA, in 2012. The company aims to join other successful uranium producers in Wyoming whose efforts are spearheading domestic energy development in the U.S. using the most environmentally benign uranium recovery process available.

Gus Simpson, Peninsula’s executive chairman, said “the confirmation from the WDEQ of the completeness of the Air Quality Permit application is the culmination of more than a year of baseline air quality monitoring, modeling and data analysis and augurs well for the timely grant of this important permit.”

Subject to meeting all regulatory requirements, approval of the Air Quality Permit is anticipated in September 2011.

The Ross Project forms the core of the greater Lance Project, with primary mineral processing activities centered in this initial production area. Peninsula aims to become one of the largest producers of uranium in the U.S.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/18151/peninsula-energy-steps-closer-to-grant-of-ross-uranium-project-air-quality-permit-18151.html

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