The Project hosts the historical Honeymoon Uranium Mine, which was Australia's second operating in-situ recovery uranium mine, commencing production in 2011 under previous owner, Uranium One.
Operations at Honeymoon were suspended in November 2013 in response to falling uranium prices, with the Project subsequently acquired by Boss Energy in 2015.
Boss Energy is now focused on a re-start of the mining operation, leveraging the significant high-quality infrastructure that remains on-site. Construction and development activities are proceeding on schedule to deliver first production in Q4 2023.
Boss and GR Engineering Services Limited (GRES) have redesigned the Honeymoon process plant to substantially increase the nameplate capacity without a large increase in overall footprint. Provision has also been made in the design to accommodate additional satellite IX input to the process plant to easily allow additional resources to be accessed in a spoke and hub model. Satellite IX capture and resin transport has been used successfully in the USA for decades and represents an efficient way to access resources which may be distant from a central processing facility.
To unlock this value, Boss’ geologists are in the field completing ground-based, low-cost and non-invasive geophysical surveys within its substantial 2,595km2 exploration package. Following the completion of the surveys and subsequent interpretation of the results, the Company plans to undertake exploration drill programs to exploit the identified areas of interest commencing in the December quarter 2021.
The Company anticipates the satellite resources to allow both an increase in the overall production profile with minimal disturbance to operations and extend the mine life of the Honeymoon Project. Boss holds high expectations that its exploration activities will continue to deliver increase Resources.
