PEN
From IntFX
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Peninsula Minerals Limited is engaged in the exploration for minerals. During the fiscal year ended June 30, 2006, the Company entered an agreement to acquire a portfolio of prospective uranium-molybdenum exploration projects in the Karoo region of the Republic of South Africa by the purchase of 100% of the issued capital in Tasman Pacific Minerals Limited (Tasman). Its subsidiaries include RCM (SA) Pty Ltd, Trove Resources Pty Ltd and Imperial Mining (Fiji) NL. In April 2006, the Company announced that is had entered into an option, farm-in and joint venture agreement with Luzenac Australia Pty Ltd, a wholly owned subsidiary of Rio Tinto Limited and a talc producer. In February 2006, it announced a joint venture agreement with Minotaur and Toro Energy Limited, a company that has amalgamated the uranium interests of both Minotaur and Oxiana Limited. In May 2007, Pacmag Metals Limited announced sale of PM Prospecting Pty Ltd and its subsidiaries, to Peninsula Minerals Limited.
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