Peninsula Energy LimitedASX: PEN

Operational Ramp-up Continues in Mine Unit 4 at Lance

· Issued by Peninsula Energy Limited

Filed with ASX · · 4 pages · English

• Header House 16 within Mine Unit 4 (MU-4) at the Lance Uranium Project in Wyoming, USA has commenced acidification, marking the continued successful execution of the Company’s production reset plan. • Since the commencement of acidification in late December 2025, Header House 14 has demonstrated flow rates averaging ~15 gallons per minute (GPM) to date, exceeding the reset plan assumption of 12

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