Boss Energy is on track to finalise its enhanced feasibility study (EFS) at the Honeymoon uranium project in South Australia after reaching 75 per cent completion.
The company has found that the ion exchange (IX) columns, which will replace the pulsed columns at Honeymoon, could increase its capacity to 2.45 million pounds per annum.
IX columns are designed to reduce operating costs at the site and are part of Boss’ EFS.
Boss has anticipated a June quarter release of its EFS, with documentation to commence in May.
With completion of the EFS in sight, Boss managing director Duncan Craib said the company had furthered its confidence in the value of the Honeymoon project.
“The latest engineering studies continue to improve the positive outlook our team has for the Honeymoon project,” Craib said.
“As we move to the finalisation and announcement of the EFS, we are growing even more confident in the economic and technical strength of Honeymoon, with the added benefit of an improving uranium market.”
The IX works will be completed by GR Engineering Services.
Boss stated the EFS covered all aspects of the project including mining, civil works, processing plant design, metallurgy and logistics.
Honeymoon’s EFS is designed to provide mine life extension and production profile improvements
“The EFS should further articulate Honeymoon’s potential to become Australia’s next uranium producer and allow detailed financial modelling to facilitate project finance evaluation,” Craib said.
“The EFS study promises to be a defining event for Boss as we look to fund and develop this high-quality clean energy project”
Boss is permitted to export 3.3 million pounds of triuranium octoxide equivalent per year over an initial 12-year mine life at Honeymoon.
In February,, Boss announced Honeymoon’s resource had increased from 16.57 million pounds to 71.6 pounds since acquiring the site in 2015.