Exploration

Boss Energy delivered an Enhanced Feasibility Study (EFS) for the Honeymoon Mine re-start in June 2021.

Drilling programs are aimed at extending Honeymoon’s mine life and increasing its production profile by upgrading known JORC Resources outside the Honeymoon Resource Area and targeting greenfield exploration areas close to the known Resources.

The strategy involves:

• Targeting greenfield exploration targets to further advance identified zones of potential high-grade mineralisation; and
• Upgrading the satellite JORC resources at the Gould’s Dam deposit (~25Mlb of contained U₃0₈) and Jason’s deposit (~11Mlb contained U₃0₈).

It is envisaged that these new mineralisation target areas will form the basis of a study to assess an increase in forecast production at Honeymoon from 2.45Mlb/annum of U₃0₈ equivalent to more than 3Mlb/annum.