Peninsula Energy Ltd solidifies North American focus with experienced board appointment

Peninsula Energy Ltd (ASX:PEN, OTCQB:PENMF) hopes to bolster its North American credentials with the addition of Brian Booth as a non-executive director to its board on May 14.

Peninsula Chairman John Harrison said, “We are very pleased to be able to benefit from Brian’s experience and services as a non-executive director as we enter a critical six-month period for the business. »

North American mining experience

He said, “Brian brings extensive experience in North American mining and capital markets and an impressive history of successfully guiding and directing businesses throughout the mining lifecycle. I look forward to working with Brian as we work to transition Lance into production.

Booth is an experienced mining executive, bringing over 35 years of experience in the mineral exploration and mining industries with major and junior mining companies.

Strategies throughout the mining lifecycle

During his career, Booth has held several CEO positions developing and executing high-level growth strategies throughout the mining lifecycle, implementing and advancing key ESG objectives. and securing ongoing funding needs through capital markets.

Most recently, Booth was President, CEO and Director of Element 29 Resources Inc (TSX-V: ECU, OTCQB: EMTRF), a public company listed on the TSX Venture Exchange in Canada, focused on advancing exploration and development of the Elida and Flor De Cobre copper porphyry projects in Peru.

Previously, Booth was chairman of Canadian gold producer Claude Resources, which was acquired by Silver Standard Resources (now SSR Mining Inc.) for C$337 million in 2016.

He was president, CEO and director of Lake Shore Gold Corp (TSX:LSG) when the company moved from resource drilling to underground development of the Timmins West gold deposit and purchased the Bell Creek mine and mill. Lake Shore Gold Corp. was acquired by Tahoe Resources in 2016 for C$751 million. Booth is currently a director of SSR Mining Inc.

Set time for business

Booth’s appointment to the Peninsula board comes at a watershed moment for the company as it moves forward with an update to the 2018 low-pH feasibility study on its landmark 100-owned Lance project. %, which is expected to be completed in the third quarter of 2022 and is working towards a final investment decision to restart Lance’s operations this year.

Commenting on his joining the Peninsula Board, Booth said: “I am delighted to join Peninsula as a Non-Executive Director and look forward to working with my fellow Board members and the management team. as we go through the critical stages before an FID at Lance later. during this year.

“Critical Need for Nuclear”

“What attracted me to this role were the compelling benefits of Lance and the significant opportunity this project offers to play a role in the critical need for nuclear as part of the green energy mix.

“Moral acceptance of nuclear as a power source is growing and Peninsula is well positioned to become a major supplier of uranium once Lance is back in operation.”

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