South Korean Base Metals Projects

Ubeong Base Metals Project

  • Over 70 high-grade, historical workings were identified at Chilbo prospect
  • Along strike of Kumho Zinc Mine, 10km to the west
  • Detailed ground magnetic survey has confirmed structural controls to mineralisation
  • Detailed soil sampling has confirmed zinc-silver and copper-gold zoning
  • Further ground geophysics and surface sampling underway
  • Ubeong Project fast-tracked for diamond drill targeting
  • Detailed IP geophysics completed
  • Diamond drill underway at Copperhead

Daehwa Molybdenum-Tunsten Project

  • Daehwa is an historically mined, molybdenum-tungsten project over which Peninsula holds mining rights
  • Peninsula has systematically drilled the deposit with the intention of developing an ore reserve
  • Peninsula has been working to source a suitable JV partner or developer, preferably affiliated with the Korean steel industry, to purchase the Daehwa Project