Peninsula Energy Limited · ASX:PEN
Peninsula Energy — Mining Forum Americas 2026
25 slides from Peninsula Energy's conference presentation, Sep 30, 2026
Slide 1: A US uranium platform with near-term operating leverage and district scale upside
rsonal use only A US uranium platform with near-term operating leverage and district scale upside Mining Forum Americas | Colorado Springs George Bauk, Managing Director PEL.NET.AU | 29 September 2026 ASX: PEN OTCQB:1 PENMF
Slide 2: Important Disclosures and Disclaimers
Important Disclosures and Disclaimers Summary The Company believes it has a reasonable basis for providing the forward-looking statements and production targets included in this Presentation. This Presentation contains summary information about the current activities of Peninsula Energy Limited (the
Slide 3: Important Disclosures and Disclaimers
Important Disclosures and Disclaimers Production Target This Presentation contains data and information sourced from independent third parties and government sources, and the Company makes no representation, whether express or implied, as to the accuracy of such data or information. The production g
Slide 4: Investment Highlights
Investment Highlights A constructed US uranium platform moving from commissioning complexity toward repeatable wellfield performance 59Mlbs 2.0Mlbs p.a. 0.6Mlbs rsonal use only Lance JORC 2012 Mineral Resource Installed CPP nameplate capacity in Contracts Strengthened technical expertise A growing l
Slide 5: Corporate Overview
Corporate Overview1 Share Price2 Market Cap2 Cash3 Debt4 US$0.18 US$104M US$22.1M US$30.0M rsonal use only (A$0.26) (A$149M) At 30 June, excluding US$30m drawdown in July $1.20 35.0 M Securities on Security code & description 30.0 M Issue $1.00 PEN: Ordinary Shares 571,527,409 25.0 M $0.80 PENAAC: O
Slide 6: Refreshed Board and Executive Leadership
Refreshed Board and Executive Leadership rsonal use only Mr George Bauk Mr David Coyne Mr Keith Bowes Ms Tejal Magan Managing Director / CEO Non-Executive Chairman Non-Executive Director Non-Executive Director Mr Bauk has over 30 years of global Mr Coyne has over 30 years of global Mr Bowes, BSc (Ch
Slide 7: Site Leadership Team – Deep In-Country ISR Experience
Site Leadership Team – Deep In-Country ISR Experience Mr Brian Pile Mr Ken Milmine rsonal use only Interim SVP Operations and Development VP OH&S, Approvals Mr Pile has over 25 years of professional experience, having worked directly on Mr Milmine has almost 30 years of regulatory, environmental, he
Slide 8: The Top Uranium Jurisdiction in the USA
The Top Uranium Jurisdiction in the USA LANCE IS STRATEGICALLY POSITIONED TO BECOME A CORNERSTONE URANIUM PRODUCER TO CLOSE THE URANIUM SUPPLY GAP rsonal use only Wyoming, USA Lance Project Central Processing Plant, constructed for 2Mlbs U3O8 p.a. and fully licensed for production up to 3Mlbs U3O8 p
Slide 9: Production Status
rsonal use only Production Status 9
Slide 10: Wellfield Operations
WELLFIELD OPERATIONS Header House Operating Condition Summary Description DAF Injection Co-Mingling Peroxide Soft Calcite (Dissolved Filtration Addition Acidification3 Dissolution rsonal use only Air During Control Flotation) Measures HH-14 No Yes1 Yes2 Acidification No No HH-15 Yes Yes No Productio
Slide 11: Off-take Position
Off-take Position Highly leveraged to spot uranium prices with minimal contracted pounds rsonal use only One contract in place for 600,000lbs1 • 100,000lbs per annum 2028 – 2033 (post ramp-up) • Blend of base price (escalated) plus market price • Take or pay commitments remain in place Note (1) The
Slide 12: Future Growth
rsonal use only Future Growth 12
Slide 13: Lance – Already Very Large, But Still Lots of Potential to Grow
Lance – Already Very Large, But Still Lots of Potential to Grow Largest known ISR project in Wyoming, USA – 59Mlbs Permit Area Tonnage (Mt) Grade (ppm U3O8) U3O8 million lbs Exploration Target of 104 – 163 Mlbs U3O8 based on a combination Ross rsonal use only Measured 1.9 520 2.2 of past exploration
Slide 14: Kendrick Development Project
Kendrick Development Project Kendrick is the next sequential production area following production at the Ross Area rsonal use only Project area is fully permitted to commence mining operations, with all approvals received from Wyoming Department of Environmental Quality (WDEQ) and EPA Project area s
Slide 15: Regional and Satellite Growth Pipeline
Regional and Satellite Growth Pipeline Kendrick • Fully-permitted rsonal use only • Development underway – 2026 • Optimisation studies to be reviewed • Plan to convert resources from inferred to indicated Barber • Large, under-delineated inferred resource • Plan to convert resources from inferred to
Slide 16: The Strategic Context
rsonal use only The Strategic Context 16
Slide 17: Uranium Demand Growth Outpacing Supply
Uranium Demand Growth Outpacing Supply The uranium market is entering a structurally undersupplied phase, requiring new primary production rsonal use only Demand Growth • Global uranium demand forecast to increase materially to 2040 • Nuclear increasingly recognized as critical for: • Energy Securit
Slide 18: Positioned to be a Meaningful USA Uranium Supplier
Positioned to be a Meaningful USA Uranium Supplier Peninsula offers a rare opportunity to invest in a near- term, scalable US uranium producer 56Mlbs 2.2Mlbs rsonal use only Existing production platform • Fully permitted ISR operation in Wyoming • CPP constructed and largely commissioned • Productio
Slide 19: Summary
ersonal USe only Summary PENINSULA, ENERGY
Slide 20: Peninsula is moving from commissioning complexity toward repeatable wellfield performance
Peninsula is moving from commissioning complexity toward rsonal use only repeatable wellfield performance supported by a constructed US production platform, a large resource base, and a disciplined approach to growth 20
Slide 21: Contact
CONTACT Email info@pel.net.au rsonal use only Phone +61 8 9380 9920 ASX: PEN OTCQB: PENMF 21
Slide 22: Appendices
22 rsonal use only Appendices
Slide 23: Appendix – Resources
Appendix 1 – Resources Lance Project Resource Estimate as at 31 December 20251 rsonal use only U3O8 Metal Classification Tonnes (million) Grade (ppm U3O8) (Mlbs) Measured 3.8 520 4.3 Indicated 11.7 510 12.9 Inferred 38.5 490 41.7 Total 53.9 500 59.0 Dagger Resource Estimate as at 23 October 20232 U3
Slide 24: Appendix – Lance Exploration Project (Additional Disclosure)
Appendix 2 – Lance Exploration Project (Additional Disclosure) Exploration Target1 rsonal use only The Lance Project covers a significant proportion of the Powder River Basin. Cretaceous sandstones of Wyoming, which are believed to represent an Exploration Target of between 104Mlbs and 163Mlbs eU3O8
Slide 25: Appendix – Resource references
Appendix 3 – Resource references Measured MLBS Measured Grade Indicated MLBS Inferred Grade Inferred MLBS Inferred Grade Source Cameco North Butte - Brown Ranch 1.1 0.08 8.4 0.07 0.4 0.07 https://www.cameco.com/sites/default/files/documents/202 rsonal use only Smith Ranch-Highland 7.9 0.1 0.05 17 7.