Boss Energy (ASX:BOE) Honeymoon Uranium Project Update

Boss Energy Limited (ASX:BOE) has reached a significant milestone in the production ramp-up at its Honeymoon Uranium Mine. The first NIMCIX column has achieved nameplate capacity, demonstrating the successful operation of the technology as forecasted in the Feasibility Study. The commissioning of the second NIMCIX column is underway, and the construction of the third column is progressing rapidly. The company remains on track to meet its FY25 production target of 850,000lbs of U308, as outlined in the Feasibility Study.

Executive Commentary on Production Progress

Boss Managing Director Duncan Craib expressed satisfaction with the company's progress, stating, 'We continue to meet or exceed all of our key targets and are comfortably on track to meet our production guidance. The first IX circuit is now operating at nameplate capacity, proving that the technology works at the rate and scale forecast in the Feasibility Study. This is a pivotal point in the project's development. Commissioning of the second IX circuit is underway, and construction of the third is advancing rapidly.'

Summary of Honeymoon Uranium Project Update

Boss Energy's Honeymoon Uranium Project has achieved a significant milestone with the first NIMCIX column reaching nameplate capacity, affirming the successful implementation of the technology as per the Feasibility Study. The company is progressing towards meeting its FY25 production target of 850,000lbs of U308, with the commissioning of the second NIMCIX column underway and the construction of the third column on track for completion. The project's production results for July and August 2024 indicate steady progress, and the company remains focused on optimizing production and reducing costs. Boss Energy's commitment to technical improvements and operational efficiency positions it to achieve its production goals and contribute to the uranium market.