Final Investment Decision –with production set for December quarter, 2023
Front-end engineering study finds costs, technical performance and financial returns will be in line with 2021 feasibility study forecasts.
$125M capital raising completed to fully fund development of the Honeymoon Project.
Enhanced Feasibility Study delivered, incorporating NIMCIX Ion Exchange columns. The EFS confirmed a mine life of +10 years at a forecast production rate of 2.45Mlb/annum, with the proposed changes to Honeymoon’s processing method cutting all-in sustaining costs (AISC) by 16% to US$25.62/lb and delivering a 35% increase in pre-tax project NPV to US$309 million.
Acquisition of 1.25Mlb strategic U3O8 inventory to strengthen off-take and project funding negotiations
Feasibility Study confirms Honeymoon as Australia’s next uranium producer with global first mover advantage.
Australian Government renews Honeymoon’s Export Permit for 3.3Mlb/annum U3O8, meaning the planned re-start operation is fully permitted.
Mineral Resource upgrade - global Resources of 71.6Mlb U3O8, increasing Honeymoon’s re-start area to 36Mlb contained U3O8.
Boss increases ownership of Honeymoon Project to 100% with agreement to acquire remaining 20% project interest from Wattle Mining.
Field Leach Trial improved leach chemistry results in historic high tenors (>80mg/L U3O8) exceeded plant design.Ion Exchange process successfully proved with excellent performance of selected resins on Honeymoon conditions
Pre-feasibility Study completed, confirming Honeymoon to be a highly economic project with all-in sustaining costs in the lowest quartile of global producers.
Combined Honeymoon Project Resource increased to 63.3Mlb of contained U3O8, including a substantial resource update for the Jasons Deposit.
Global Mineral Resource base at the Honeymoon Project increased to 53Mlb of contained U3O8, with the delivery of a maiden Mineral Resource Estimate for the Gould’s Dam deposit, part of the Honeymoon Project’s highly prospective western tenement package.
Boss delivers a substantial increase in the Resource base at the Honeymoon Project to 27.6Mlb of contained U3O8, with the Resource grade of 820ppm making Honeymoon one of the highest-grade uranium deposits held by an ASX-listed uranium developer.
Boss enters into an agreement with Uranium One Inc. to acquire an initial 80% interest in the Honeymoon Uranium Project in South Australia. The project includes a total Mineral Resource inventory of 16.57Mlb of contained U3O8, as well as established infrastructure including a solvent extraction processing plant. The total upfront acquisition cost totals approximately $9.6M, with the acquisition successfully completed in December 2015.
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