Name of the Project
Honeymoon uranium mine restart project.

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
Boss started mining activities at the project in October 2023. Boss expects production to total at least 850 000 lbs of uranium by June 30, 2025.

Latest Developments
The commissioning and ramp-up are progressing to plan, with the mine having produced 57 364 lb of uranium oxide by the end of June.

Boss is set to make its first delivery to European nuclear utilities under its existing sales contracts, with revenue to be received in the current quarter.

By June 30, 2025, Boss expects the Honeymoon mine to produce at least 850 000 lb of uranium, which will be in line with the feasibility study schedule.

“The startup phase at Honeymoon is proceeding comfortably to plan, with all the key metrics running in line with, or exceeding, the forecasts contained in the feasibility study schedule,” Boss MD Duncan Craib has said.

Construction of the second and third columns is also advancing well, ensuring that the company is on track to continue increasing its production rates, he has added.

Boss is forecasting production for the 2026 financial year to be 1.63-million pounds of uranium.

The addition of columns 4, 5 and 6 are forecast to further increase the production rate to nameplate capacity of 2.45-million pounds a year by Year 3.

Key Contracts, Suppliers and Consultants
None stated.

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