Boss eyes more growth at Honeymoon with new satellite prospects
ASX-listed Boss Energy MD Duncan Craib said on Thursday that the company’s strategy to grow the inventory, mine life and production rate at its Honeymoon uranium project continues to deliver strong results, with scout drilling confirming two new satellite prospects close to the Honeymoon production plant.
The results show that the Billeroo and Sunrise prospects have significant potential to add further uranium resources to Honeymoon.
A limited scout drilling programme comprising 19 rotary mud holes for 2 520 m has been completed at two new prospects proximal to the Gould’s Dam deposit – the Billeroo prospect located about 1.2 km to the north and the Sunrise prospect 1 km to the east.
Both prospects have very limited historical drilling, the bulk of which was completed in the 1970s and early 1980s. It is envisaged that these two new target areas, in addition to the known satellite deposits of Gould’s Dam and Jasons, will form the basis of a study to assess and define an increase in the forecast production rate to more than three-million pounds a year of U308 equivalent or an extension of mine life.
“We have abundant exploration upside at Honeymoon, as shown by these results and the recent success at Gould’s Dam,” commented Craib.
He said Boss intended to drive exploration hard with the aim of unlocking this value. “Organic growth of this nature will generate strong financial returns because we can leverage the infrastructure we are now establishing at Honeymoon.
“With first production on track for the coming quarter, a strong pipeline of growth and an extremely bullish outlook for the uranium market, Boss is ideally positioned to continue delivering superior returns for shareholders.”
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