Technical Assessment and Valuation

Independent Technical Assessment and Valuation Report relating to Lance and Karoo uranium projects

RSM Corporate Australia Pty Ltd commissioned SRK Consulting to prepare an independent specialist report incorporating a technical assessment and valuation of the mineral assets held by Peninsula Energy Limited.

For this valuation, SRK conducted a high-level review of the available mineral resources at Peninsula’s Lance and Karoo projects, for the purpose of determining their validity from a valuation perspective. This report was prepared under the guidelines of the VALMIN Code (2015), which incorporates the JORC Code (2012).