The Company’s flagship asset is its 100% owned Honeymoon Uranium Project in South Australia. Honeymoon is currently ramping up to its nameplate capacity of 2.45Mlbs of uranium a year. There is significant potential to continue growing the inventory, mine life and cashflow at Honeymoon with substantial resources already established outside the existing mine plan. Increases in production would enable Boss to leverage the infrastructure at Honeymoon and further capitalise on the strong demand for uranium from reliable western suppliers.
Boss also owns a 30% interest in the Alta Mesa Uranium Project in Texas, USA. This project is ramping up towards an annual production rate of 1.5 million pounds of U3O8. Alta Mesa provides Boss with exposure to the growing U.S. uranium market, further diversifying its asset base and boosting its long-term growth prospects.
With a strong leadership team and a focus on leveraging cutting-edge technology and sustainable practices, Boss Energy is well-positioned to play a vital role in supplying uranium to meet the global demand for clean energy. As the world shifts towards a low-carbon future, Boss Energy’s operations at Honeymoon and Alta Mesa are poised to contribute significantly to the energy transition, supporting the nuclear power sector and helping to reduce global carbon emissions.
The Honeymoon Project is a fully permitted, restart mine. Boss is targeting first production in Q4 2023, making it Australia’s next uranium producer.
Outstanding FS results, based on a conservative uranium price, position Honeymoon as one of the world’s most advanced uranium development projects with low capital intensity. Read the Honeymoon Enhanced Feasibility Study.
Boss is perfectly placed to capitalise on a strengthening uranium market with an existing plant and mine in a tier-one location with low costs and strong financial returns
In March 2021 Boss Energy Ltd purchased 1.25 million pounds of uranium on the spot market at an average price of US$30.15 per pound. This acquisition was funded by a A$60m share placement. The uranium is stored at a conversion facility in North America.
The acquisition of the strategic uranium inventory has provided several significant benefits for Boss, including:
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