Commodities, Exploration/Development, News, Uranium

How much uranium will Boss produce?

Boss uranium

Boss Energy appears to be firing on all cylinders as it readies its first uranium shipment for delivery to European nuclear utilities.

The company has produced 57,364 pounds (lb) of uranium to date, with production expected to total about 850,000lb by the end of the 2024–25 financial year (FY25).

In FY26, total production is expected to exceed feasibility study estimates of 1.63Mlb, with the addition of columns four, five and six to enable Boss to reach nameplate capacity of 2.45Mlb per annum by year three.

“The start-up phase at Honeymoon is proceeding comfortably to plan, with all the key metrics running in line with, or exceeding, the forecasts contained in the feasibility study schedule,” Boss managing director Duncan Craib said.

“Construction of the second and third columns is also advancing well, ensuring we are on track to continue increasing our production rates.”

Boss has been focused on optimising its ion exchange, elution, precipitation and drying and packing processes, with the company impressed by the performance of its wellfields.

Tenors from individual wellfields into the pregnant leach solution (PLS) have been averaging 80–100 milligrams (mg) per litre. In its feasibility study, Boss expected PLS grades to average 47mg/L based on results from the previous operation.

Recent drilling results from Boss Energy’s Gould’s Dam has supported the company’s strategy to significantly increase Honeymoon’s annual production capacity and mine life.

“The current delineation program provides important data which will be used in wellfield planning and other advanced pre-development activity,” Boss said.

“It will also enable Boss to complete detailed geological and mineralisation models which will support the ongoing development work and preparation for an ISR mining lease proposal for Gould’s Dam.”

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