https://www.miningweekly.com
Energy|Mining|PROJECT
Energy|Mining|PROJECT
energy|mining|project

Honeymoon offers growth potential to Boss

3rd August 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

KALGOORLIE (miningweekly.com) – Uranium developer Boss Energy is looking to grow production at its Honeymoon project, in South Australia, once the project is in full swing.

The ASX-listed company earlier this year pulled the trigger on the A$113-million restart of the project, with the aim of producing first uranium in the December quarter of 2023, and ramping up to a steady-state rate of 2.45-million pounds of uranium oxide (U3O8) a year over a mine life of 11 years.

The restart project is expected to generate a post-tax net present value of A$729-million and revenues of A$1.2-billion over the life of the project.

Boss Energy MD and CEO Duncan Craib told Mining Weekly Online, on the side-lines of the Diggers and Dealers conference, that the restart project contained 36-million pounds of U3O8, with a further 36-million pounds of resource contained within two satellite deposits, which could be brought into production at a later date.

“We are taking a pronged approach at Honeymoon. We are getting the project up and running, and producing cashflows, and then we will look at those satellite deposits. We are also open to merger and acquisition opportunities, but our primary focus is to get Honeymoon into production,” Craib said.

First production from Honeymoon is expected in the fourth quarter of 2023, and the project will ramp up to full capacity within three years.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.17 0.203s - 91pq - 2rq
Subscribe Now