Boss Energy achieves key milestone in Honeymoon Uranium Project

Boss Energy Limited (ASX: $BOE) has successfully passed the final technical milestone in its Honeymoon re-start strategy, paving the way for the first drum of uranium to be filled in the next two weeks. The company's Managing Director, Duncan Craib, highlighted that the strategy aims to increase the uranium tenor in the wellfield feed solution to the plant and develop a larger processing facility utilizing Ion Exchange technology, ultimately improving the project's economics by increasing production rates and reducing operating costs.

Executive Commentary on Honeymoon Project Progress

Since acquiring Honeymoon, Boss' strategy has been to increase the uranium tenor in the wellfield feed solution to the plant and develop a larger processing facility utilizing Ion Exchange technology. This approach is aimed at improving the economics of the project by increasing production rates and reducing operating costs. We have now achieved both of these key goals and as a result are set to fill our first drum with uranium in the coming days.

Summary of Boss Energy's Honeymoon Uranium Project Milestone

Boss Energy Limited (ASX: $BOE) has achieved a significant milestone in its Honeymoon re-start strategy, positioning the company to fill its first drum of uranium in the next two weeks. The successful completion of the final technical milestone marks a crucial step forward for the project, with uranium-rich lixiviant from the wellfields filling the processing plant Ion-Exchange (IX) column. The company's Managing Director, Duncan Craib, emphasized the strategy's focus on increasing the uranium tenor in the wellfield feed solution and developing a larger processing facility utilizing Ion Exchange technology to enhance production rates and reduce operating costs. With mining activities ramping up to support the production profile, Boss Energy is on track to commence production activities and recover concentrated high-grade eluate, ultimately producing a high-quality saleable uranium oxide product. The company's progress reflects its commitment to advancing the Honeymoon Uranium Project and achieving its strategic objectives.