Boss almost ready to start Honeymoon

Boss Energy has approved the project execution plan (PEP) for the restart of the Honeymoon uranium project in South Australia.

The PEP outlines the objectives, processes and strategies to be employed by the company’s personnel and appointed EPCM engineer, and will establish a framework to ensure that project expectations and key performance indicators are met.

Honeymoon’s team will complete the PEP, which will be the governing control document for all aspects of the execution phase of restarting operations and is designed to ensure the project meets targeted production requirements.

The critical planning tool of front-end engineering design studies is more than 50 per cent complete and on-target with its expected completion date of the March quarter of 2022, allowing the detailed design to commence immediately after a final investment decision is made.

“Our latest outstanding progress demonstrates why Honeymoon is set to be Australia’s next uranium producer,” Boss managing director Duncan Craib said.

“Our strategy is aimed at ensuring Boss can move from a final investment decision into execution and production as rapidly as possible.

“This will enable us to capitalise on a rising uranium price at the moment of our choosing.”

Boss is undertaking multiple work streams to ensure Honeymoon is as close as practicably possible to restarting production once it determines the uranium price makes it commercially desirable to do so.

From July 2021 to October 2021, the spot price of uranium had risen from US$32.40 ($45.52) per pound to more than US$50 ($70.24) per pound and is currently US$46.05 ($64.68) per pound at the time of writing.

In February, Boss announced Honeymoon’s resources had increased from 16.57 million pounds to 71.6 pounds since acquiring the site in 2015.

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