Boss Energy Limited (ASX: BOE; OTCQB: BQSSF) is pleased to report more strong progress on several fronts as part of its preparations for the re-start of production at its Honeymoon uranium project in South Australia.
Boss is undertaking multiple work streams in line with its strategy to ensure Honeymoon is as close as practicably possible to re-starting production once the Company determines that the uranium price makes it commercially desirable to do so. Boss Managing Director Duncan Craib said: 'Our latest outstanding progress demonstrates why Honeymoon is set to be Australia's next uranium producer. 'Our strategy is aimed at ensuring Boss can move from a Final Investment Decision into execution and production as rapidly as possible.
Engineering process on track and Project execution plan approved
The critical planning tool of Front-End Engineering Design (FEED) studies are more than half complete, and remains on target to finish in the March quarter, 2022. This will allow detailed design to commence immediately after a Final Investment Decision is made. Boss has also approved the Project Execution Plan (PEP) for Honeymoon's restart, which outlines the objectives, processes and strategies to be employed by the Company's personnel (Owner's Team) and appointed EPCM Engineer. This plan will also establish a framework to ensure that project expectations and key performance indicators are met. Undertaken by the Owner's Team, the PEP will be the governing control document for all aspects of Honeymoon's execution phase of restarting operations and is designed to ensure the project meets targeted production requirements. The plan ensures that a consistent approach is adopted by all parties managing the project.
Piping and Instrumentation Diagrams nearing finalisation
Completion and lock of designs of Piping and Instrumentation Diagrams (P&ID's) is now 92% complete (88 of 95 diagrams), an increase from the 69 diagrams completed and announced on 6 October 2021. A key milestone was reached with the completion of P&ID layouts for the NIMCIX columns. The remaining P&ID layouts are expected to be completed in coming weeks, including Wellfield Instructure, Water Treatment Plant and general water services
Connection Service Agreement Executed
Taking another key step in its strategy to re-start production at Honeymoon, Boss has executed a high voltage connection service agreement with Essential Energy, a statutory state-owned corporation established under the Energy Services Corporations Act 1995 (New South Wales). Securing power supply is a primary requirement for any mine development. Power supply for the Honeymoon Mine is via overhead transmission line from the national electricity grid via Australia's oldest mining town Broken Hill, located 65km to the south-east, and nearby Cockburn. Honeymoon's fortunate geographical location ensures security of power will be provided by the national grid. Upgrading Honeymoon's nameplate production to 2.45 Mlbs U308 required the negotiation of a new high voltage connection agreement, where additional transformers and other voltage control equipment are required at the connection and destination points.
Wellfield Design Optimisation
Honeymoon's wellfields have been planned over the mineable resource. Wellfield pattern radii are varied to suit the orebody morphology and achieve an economic wellfield development cost-per-pound of uranium. The wellfields have been planned as 5-spot patterns with a single extraction well surrounded by 4 injection wells. The 5-spot pattern is a conventional ISR wellfield layout implemented at most operating ISR mines. This layout has the advantage of minimising wellfield development cost and providing a flexible layout for optimising leach performance. A detailed review of the high-grade Historic Wellfields has revealed that of the existing near-mine Wellfields A B and C, only 28% (0.7 Mlbs) of the total uranium resource was produced.1 The findings show that the previous wells were constructed with standard water supply well technology which failed to accurately target the mineralised horizons. The primary reason for the incomplete leaching of the basal sand resource is that wellfields had been constructed using methods applicable to agricultural water supply wells. Such designs comprised PVC Pipe installed to the top of the approximate mineralisation. The well was then drilled to depth and a stainless-steel mesh screen was telescoped into the approximate position of the mineralization
Contact:
Duncan Craib
Tel: +61 (8) 6263 4494
Email: boss@bossenergy.com
Forward-Looking Statements
This announcement includes forward-looking statements. These forward-looking statements are based on the Company's expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties, and other factors, many of which are outside the control of Boss Energy, which could cause actual results to differ materially from such statements. Boss Energy makes no undertaking to subsequently update or revise the forward-looking statements made in this announcement, to reflect the circumstances or events after the date of this announcement.
BOSS ENERGY LIMITED 
