Peninsula's Western Australian exploration licence applications are progressing to grant, with five exploration licence applications recently granted. Peninsula owns eight tenements that were selected using satellite imagery, airborne geophysical data and geology targeting areas along strike of known calcrete uranium deposits where shallow soil cover is capable of masking surface radiometric anomalies. The Nelson Well project covers an additional 16km of prospective untested calcrete channel to the south and east of the Cogla Downs deposit where previous drilling returned up to 0.44m @ 0.03 % eU3O8. Similar targets exist on the other five Western Australia tenements where previous surface sampling has returned results up to 0.08% U3O8.