Honeymoon uranium mine, Australia – update
Name of the Project
Honeymoon uranium mine.
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
Construction and development activities are proceeding on schedule to deliver first production in the fourth quarter 2023.
Latest Developments
Mining activities have started at the Honeymoon uranium project, with the project on track and on budget to start production this quarter.
The first wellfield is being preconditioned in the lead-up to in situ recovery feeding the processing plant with extracted uranium during the fourth quarter of this year.
Mining operations at Honeymoon were suspended in late 2013 in response to falling uranium prices, with Boss acquiring the project at the end of 2015. The company has since embarked on a series of technical optimisation studies to improve Honeymoon’s position.
“Our timing is looking ideal, with the uranium market continuing to tighten and the spot price moving up, now trading at decade highs of US$69/lb uranium pentoxide,” Boss MD Duncan Craib has said.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Boss Energy, tel +61 8 6263 4494 or email boss@bossenergy.com.
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