Low pH ISR is a safe alternative to alkaline ISR and is used worldwide to recover 96 percent of all uranium produced by ISR methods. Low pH uranium ISR has occurred in Wyoming at research and development facilities and a commercial mine. Based on a review of current and historical projects, low pH lixiviants have technical and economic advantages over alkaline lixiviants in formations with relatively low carbonate content and amenable geology. These advantages include potential for higher recovery, shorter leaching duration, lower lixiviant and oxidant requirements, constituent-specific advantages during groundwater restoration, and a higher degree of natural attenuation than alkaline lixiviant. Two potential disadvantages include difficulty stabilizing pH levels following groundwater restoration and the potential for reduced injectivity in certain scenarios. A change of chemistry entails new Wyoming regulatory frameworks licensing/permitting exactly what Peninsula striving to complete, not alone capital expenditure, company share price depreciation, laboratory/field tests etc. Once achieved this will be a game changer for the company that will reflect on shareholders/ institutional investors moving forward. Peninsula Energy has great growth prospects. Exciting times indeed this year. ;-)
PEN Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
