BUZZ-Australia's Peninsula Energy plunges on likely output forecast cut for US project

Shares of Peninsula Energy PEN.AX fall 14.5% to A$1.125, heading for their biggest pct fall since mid-November

Uranium miner fell as much as 16.4% earlier in the day to hit lowest level since Dec. 19

Co expects CY2025 production outlook to be revised, with a likely downgrade for its Lance uranium project in the United States

Co flags challenging weather conditions and supply chain issues for the completion of its Lance central processing plant

Says production of the first dry yellowcake is expected in the June qtr later than previous outlook of March qtr

Stock down more than 10% this year, including today's move