Honeymoon uranium mine restart takes shape
July 6th, 2018
Boss Resources has launched a restart strategy for the Honeymoon uranium project in South Australia.
Since acquiring Honeymoon in December 2015, Boss has de-risked the operation, both technically and commercially, to the point where it is ready to execute a program of works for the restart. The relaunch will, however, depend on a target uranium price being achieved.
Boss plans to spend $US68 million ($92 million) on the mine, including $US10 million on a solvent extraction plant for a potential restart within nine months, and $US58 million on an ion exchange plant that will be constructed within 24 months.
Based on Boss’ pre-feasibility study for Honeymoon, the operation is expected to produce an average of 3.2Mlb of U3O8 a year.
Boss has split the restart into three phases, beginning with the input of final data for a definitive feasibility study (DFS).
The second phase comprises the DFS and permitting updates, while the third phase will cover the detailed execution planning and operational readiness. Read more…