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(Kitco News) - Uranium developer Boss Energy (ASX: BOE) (OTCQX: BQSSF) announced Wednesday a “pivotal” achievement in the restart of the Honeymoon uranium project in South Australia, with the first wellfield complete, and related gypsum pond and water treatment plants nearing completion.
The company said that the project reached a key point in its redevelopment with completion of construction of the three startup wellfields. This comprises 86 drilled and cased new production wells and 31 recompletions of existing wells.
Boss Energy added that pressure testing and line flushing of the first wellfield has been completed and the liquid disposal line (3km) and associated pumps and instrumentation have been commissioned. The next stage is to run structured pumping tests.
Importantly, the company noted that the completion of this milestone ensures Honeymoon remains on track for production in the December quarter of 2023, adding that preparatory work to commence flushing the startup wellfields is now underway.
Managing Director Duncan Craib said, “The project development is proceeding to plan and remains on time and on budget as we move towards the restart of Honeymoon. Our timing is looking ideal, with the uranium market continuing to tighten and the spot price moving up.”
Boss Energy is a uranium company focused on the re-start of the Honeymoon uranium project in South Australia. Honeymoon represents one of the few uranium projects globally that is ready to come on-stream in the early stages of the emerging uranium bull market, with first production targeted for Q4 2023. The project’s all-in sustaining cost is US$25.62/lb of U3O8 (average uranium spot price in May 2023 - US$54.55/lb of U3O8).
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