Peninsula Mines Limited aims to discover high-value mineral deposits in order to create wealth for its shareholders.

The Company is currently focused on projects which it considers are prospective for molybdenum, tungsten, iron ore, gold, and nickel mineralisation.

To assist in reducing risk, the Company has a preference for projects with known indications of mineralisation. Following data review, tenements and tenement applications are generally ranked. Those selected for the Company’s exploration portfolio are:

• considered for inclusion in its exploration budget for direct exploration by Peninsula Mines;
• offered for joint venture;
• or considered for spin-off into an IPO, with Peninsula Mines retaining equity in the new entity;

as appropriate, with a view to maximizing value for the Company. Tenements which are not considered to be within the Company’s requirements or funding capabilities will be earmarked for relinquishment.