{"id":6592,"date":"2024-07-24T01:42:58","date_gmt":"2024-07-24T01:42:58","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/07\/24\/production-ramp-up-proceeding-to-plan-with-technology-proven-at-commercial-scale\/"},"modified":"2024-07-24T01:42:58","modified_gmt":"2024-07-24T01:42:58","slug":"production-ramp-up-proceeding-to-plan-with-technology-proven-at-commercial-scale","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/07\/24\/production-ramp-up-proceeding-to-plan-with-technology-proven-at-commercial-scale\/","title":{"rendered":"Production Ramp-Up Proceeding to Plan with Technology Proven at Commercial Scale"},"content":{"rendered":"

Boss Energy Limited<\/strong> (ASX: BOE; OTCQX: BQSSF) is pleased to report on the June 2024 quarter, during which the Company achieved a number of milestones including first production at Honeymoon and at its 30 per cent-owned Alta Mesa Project in South Texas. <\/p>\n

Highlights<\/strong><\/p>\n

Honeymoon Uranium Project, South Australia <\/strong><\/p>\n

Operations<\/strong><\/p>\n

Successful commissioning, with Boss proving its lixiviant chemistry and ion exchange technology at commercial scale57,364lbs of uranium produced during the June quarterConstruction of NIMCIX columns 2 and 3 proceeding to plan and on target for commissioning in Q3 and Q4, 2024 respectivelyPreliminary updates on costs to be provided once NIMCIX columns 2 and 3 are commissionedBoss expects production of at least 850,000lbs of U308 in FY25; This is in line with Feasibility Study forecasts<\/p>\n

Geology<\/strong><\/p>\n

Strong drilling intercepts confirm production potential of Gould\u2019s Dam at HoneymoonA further 96 mud rotary holes were drilled for 12,911m, with uranium mineralisation highlights including (PFN results, ppm pU3O8): <\/p>\n

Alta Mesa, South Texas (Boss 30%)<\/strong><\/p>\n

Successful production start-up announced 13 June 2024Alta Mesa expected to reach full operational capacity of 1.5Mlbs a year by 2026. Boss\u2019 shareof Alta Mesa production is 30 per cent (450,000lbs a year at nameplate capacity)Alta Mesa has potential for further resource growth and additional drying capacity of 500,000lbs a year<\/p>\n

Corporate<\/strong><\/p>\n

As at 30 June 2024, Boss held liquid assets of A$272.5M; Boss has no debtWell positioned to benefit from rising uranium prices with most of Honeymoon Life of Mine (LOM) production and all of Alta Mesa production uncontractedBoss continues to strengthen its senior management team in line with the Company\u2019s growing status as a global uranium producer; Highly experienced uranium exploration geologist Dr. Andy Wilde was appointed Chief Geologist <\/p>\n

<\/div>\n

Boss Managing Director Duncan Craib said:<\/strong><\/p>\n

\u201cPutting cake in the can with our first production at Honeymoon was a significant milestone for Boss which proved that our lixiviant chemistry and ion exchange technology works at commercial scale.<\/em><\/p>\n

\u201cThe production ramp up at Honeymoon, including the key production metrics, is progressing in line with our Feasibility Study forecasts and therefore we are on track to produce at least 850,000 pounds of U308 in FY25.<\/em><\/p>\n

\u201cThis strong outlook is also supported by the progress being made in the construction of the second and third NIMCIX columns which are scheduled to start operating, in line with the production ramp-up timetable, by Q3 and Q4, 2024 respectively.<\/em><\/p>\n

\u201cWith both Honeymoon and Alta Mesa producing, Boss has become the only multi-asset uranium producer on the ASX.\u201d <\/em><\/em><\/p>\n<\/p>\n

Click here for the full ASX Release<\/strong><\/p>\n

<\/div>\n
<\/div>\n
<\/div>\n
<\/div>\n
<\/div>\n
<\/div>\n
This article includes content from Boss Energy Limited<\/em>, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.<\/em><\/div>\n<\/p>\n
This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) is pleased to report on the June 2024 quarter, during which the Company achieved a number of milestones including first production at Honeymoon and at its 30 per cent-owned Alta Mesa Project in South Texas. Highlights Honeymoon Uranium Project, South Australia Operations Successful commissioning, with Boss proving its […]<\/p>\n","protected":false},"author":0,"featured_media":6593,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/6592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=6592"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/6592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/6593"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=6592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=6592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=6592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}