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How Peninsula Energy Is Resetting Its Lance Project Amid Contract Shifts

9:35am on Monday 16th of June, 2025 AEST Mining
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How Peninsula Energy Is Resetting Its Lance Project Amid Contract Shifts

9:35am on Monday 16th of June, 2025 AEST
Key Points
  • Central Processing Plant construction nearing handover and commissioning
  • US$1.25 million initial payment made to Samuel EPC under settlement agreement
  • Three sales contracts terminated by mutual consent, removing future delivery obligations
  • Advanced talks underway for short-term debt funding to support reset plan
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