Boss Energy's high-grade drilling results at Alta Mesa uranium project

Boss Energy (ASX: $BOE) has announced exceptionally high-grade drilling results at its 30 per cent-owned Alta Mesa Uranium Project in South Texas. The results, released by enCore Energy Corp, the project's 70 per cent owner and operator, exceed the cutoff grade thickness requirements for In-Situ Recovery ('ISR') of uranium in South Texas. Boss acquired its 30 per cent interest in Alta Mesa in February from enCore and its wholly owned subsidiary, enCore Energy U.S. Corp., for US$60 million cash.

Executive commentary on Alta Mesa uranium project

The latest drilling results from Alta Mesa are a significant achievement for Boss Energy. These results ensure that the project is on track to underpin the company's next phase of growth, with production set to commence in the coming weeks. The high-grade intersections recorded at the project demonstrate the potential for substantial uranium recovery, reinforcing the project's strategic importance for Boss Energy.

Summary of Alta Mesa uranium project update

Boss Energy's high-grade drilling results at the Alta Mesa Uranium Project mark a significant milestone, indicating the project's potential to contribute to the company's growth. The progress made by enCore Energy in advancing the Central Processing Plant and Wellfield towards production is a positive development. With the refurbishment of processing circuits and wellfield construction activities well advanced, the project is poised for an early 2024 restart of uranium production. The company's forecasted annual production at Honeymoon Uranium Project in South Australia, ramping up to 2.45Mlbs of U3O8, further underscores its commitment to growth and development in the uranium sector.