Peninsula Mines Limited secured a Binding Supply Agreement with DNI Metals Inc. Subject to various conditions, DNI Metals Inc. will supply up to 24,000 tonnes per year of flake graphite to Peninsula's 100% owned subsidiary, Korea Graphite Company Limited, for on-sale to Korean end-users. Peninsula Mines Limited and DNI Metals Inc. are discussing options to cooperate with respect to fast-tracking the development of company's large-flake graphite projects in Madagascar, which are situated close to port access and are saprolite (weathered rock) hosted with low cost mining and processing potential.