Peninsula Energy Limited reported production results of Lance Projects for the fourth quarter ended 31 December 2017. The production was approximately 38,800 pounds U3O8. The December quarter production is an increase of approximately 4,300 pounds U3O8 (12.3%) on the September quarter. The Lance Project realised an average daily production rate of 430 pounds U3O8 per day during the quarter. An average daily production rate above 500 pounds U3O8 per day has been achieved in early January 2018.