Boss to fast-track Honeymoon uranium restart
January 23rd, 2020
Boss Resources could restart production at the Honeymoon uranium project in South Australia in 12 months after delivering an “outstanding” feasibility study (FS).
The company is set to seize an anticipated rally in the uranium market, thanks to the positive FS results and conservative uranium prices.
The company will refurbish the existing solvent extraction plant with significant process improvement during stage one.
Boss will also add an ion exchange circuit, which will take 20 months to design, construct and commission.
Both stages work towards achieving an annual production of two million pounds of triuranium octoxide equivalent a year, before ramping up to three million pounds per annum as permitted.
Boss will use $170 million of historical infrastructure expenditure and Honeymoon’s existing plant that previously produced and exported uranium.
“Our FS base case results confirm we will be Australia’s next uranium producer,” Boss managing director Duncan Craib said.
“Reflecting a conservative base case uranium price of $50 per pound of triuranium octoxide over life of mine, the FS demonstrates Honeymoon’s advanced development can rapidly respond to a market rally, given the low capital barrier. Read more…