Announcement Date: 2022-07-12
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Boss Energy Ltd.
Project name: Honeymoon
Location: Australia
Commodities: Uranium
Highlight: Drilling results incl. 6.1m @ 2640ppm U3O8 from 103.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) (Boss or the Company) is pleased to announce strong results from infill and resource extension drilling which further strengthen the Company’s strategy to increase the forecast production rate and mine life at its Honeymoon Uranium in South Australia. The objective of the drilling was to extend Honeymoon’s mine life and increase its production profile by upgrading known JORC Resource outside the Honeymoon Resource Area (HRA) and targeting greenfield exploration areas close to the known resources. It is envisaged that these new mineralisation target areas will form the basis of a study to assess and define production ramp up to produce more than 3Mlb/annum U308 equivalent. Ramping up production does not form part of the current Honeymoon restart feasibility studies, but the Company believes that, with improving market conditions, it is prudent to progress with the exploitation of the known satellite deposits. In addition to the exploration drilling, delineation data was obtained on the eastern boundaries of the HRA ahead of wellfield development commencing in August 2022, in preparation for Honeymoon’s restart.
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