RFC noted the timely submission of the wellfield package as a milestone to receiving full permitting given that final U.S. Nuclear Regulatory Commission approvals are one of the key steps towards achievement of uranium production.
It anticipates first production in October 2015 to be the principal catalyst for a re-rating of the shares.
Construction of the Central Processing Plant and initial wellfields at the Lance Projects in Wyoming continue to progress as scheduled.
Its submissions to the NRC and the Wyoming Department of Environmental Quality have also demonstrated that the ore zone aquifers are effectively isolated from the overlying and underlying aquifers.
Peninsula had cash of A$38 million at the end of May 2015, with debt of $1 million.
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