Name of the Project
Honeymoon uranium mine.

Location
South Australia, about 80 km north-west of Broken Hill, near the border with New South Wales.

Project Owner/s
Boss Energy.

Project Description
The project will produce 2.45-million pounds of uranium a year over an initial 12-year mine life.

Uranium produced over the life-of-mine is estimated at 20.74-million pounds of uranium.

In situ recovery has been chosen as the preferred method of mining.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
$69.68-million.

Planned Start/End Date
Construction and development activities are proceeding on schedule to deliver first production in the fourth quarter 2023.

Latest Developments
Boss Energy announced on April 22 that the project produced its first drum of uranium.

Honeymoon is already exceeding feasibility study forecasts, with uranium-rich lixiviant

from the wellfields and recoveries of loaded resin in the IX column producing more concentrated high-grade eluate than the study estimates.

This provides more evidence that the new processing technology adopted by Boss at the project is meeting or exceeding the company’s expectations.

With the first drum of uranium successfully processed, Boss will accelerate plans to increase the

production rate and mine life at Honeymoon. The current mine plan uses 36-million pounds of the project’s total 71.6-million-pound Joint Ore Reserves Committee-compliant resource. Half of this resource is already covered by the existing mining licence.

Boss also has valid uranium mineral export permission for 3.3-million pounds a year.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Boss Energy, tel +61 8 6263 4494 or email boss@bossenergy.com.