- Boss Resources (BOE) has been given the green light to potentially replace the Solvent Exchange infrastructure at the Honeymoon Uranium Project
- A study has found the NIMCIX IX system could replace the Solvent one, and increase Honeymoon’s production profile while still reducing costs
- Coupled with a recent reduction in power demand and transmission upgrade, Boss has ordered an enhanced feasibility study for the changes
- The company has engaged GR Engineering Services, who have previously helped Boss, to carry out the study
- Shares in the company have ended the day up 4.17 per cent at 7.5 cents each
Boss Resources (BOE) has been given the green light to potentially replace the Solvent Exchange infrastructure at the Honeymoon Uranium Project.
Honeymoon is a fully permitted Uranium mine, which Boss hopes will one day be one of the world’s cheapest uranium producers.
The company is hoping to resume production at the mine within the next 12 months.
In anticipation of production resumption, Boss has carried out a review of Honeymoon’s infrastructure.
It wants to expand its capabilities, and a new study has confirmed it could do this via the NIMCIX IX system.
Work by Boss, ANSTO and GR Engineering Services Limited, who’ve also been engaged to carry out an enhanced feasibility study, has found NIMCIX is capable of replacing the Solvent infrastructure.
The study also found introducing the new system would help increase Honeymoon’s production profile while still reducing overall production costs.
Boss Resources Managing Director and CEO Duncan Craib has welcomed the results.
“A core objective of any mining operationis to increase production profile and reduce operating costs,” he said.
“The potential of the IX technological breakthrough announced today combined with previous technical advancements to increase throughput and lower operating costs is an exciting next step in the Honeymoon development,” he added.
Going forward, Boss and GR plan to combine these results with a previous breakthrough, which involved lowering power costs and installing a new transmission, to create an enhanced feasibility study.
This study would exmaine the economic impact of the changes, as Boss works to expand Honeymoon Uranium Mine and bring it back online.
Shares in Boss Resources ended the day up 4.17 per cent at 7.5 cents each.