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