Peninsula Energy, the Australian company bankrolling the Karoo uranium mining venture, has announced it is pulling out. Peninsula had been seeking through its South African partners Tasman Pacific Minerals, Beaufort West Minerals, Lukisa JV Company and Tasman Mmakau JV Company to launch three uranium mines between Beaufort West and Aberdeen: Rhyst Kuil and Kwaggas Fontein in the Western Cape, and Kareepoort in the Eastern Cape. Peninsula MD Wayne Heili said the company "has decided to exit and sell its interests in the Karoo … to focus on our Lance Projects operation in Wyoming in the US. "The company does not wish to devote further capital progressing its less advanced secondary project."

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