FEED studies confirm Honeymoon costs
PERTH (miningweekly.com) – Uranium developer Boss Energy is poised to make a final investment decision (FID) on its Honeymoon uranium project, in South Australia, after front-end engineering design (FEED) studies confirmed the project’s cost estimates.
Boss on Thursday told shareholders that the FEED had confirmed a capital cost of A$113-million for the project.
Boss MD Duncan Craib said the FEED provided more strong evidence of the outstanding outlook for Honeymoon.
“The planets are aligning perfectly for Boss and Honeymoon in every respect. The FEED shows Honeymoon’s costs are in line with the forecasts contained in last year’s enhanced feasibility study, which is a superb outcome given the wider inflationary environment.
“It also confirms that production is projected to meet our targeted levels,” said Craib.
“These key findings come against a backdrop of significant increases in the uranium price and an exceptionally strong supply:demand outlook.
“Our recently announced A$125-million equity raising, combined with the value of our strategic uranium inventory, means we are fully funded through to production and cashflow.
“All these highly favourable factors have laid exceptional foundations for us to make a final investment decision in coming weeks, ensuring Boss will be Australia’s next uranium producer.”
An FID on Honeymoon is due on the completion of the second tranche of Boss’ A$125-million share placement, which is expected to settle following a shareholder vote in late April.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Rio Carb is an OEM (Original Equipment Manufacturer) of R-C700 Chromium Carbide (CrC) alloy clad wear plates and pipes used for heavy materials...
VISIT SHOWROOM
Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
