Uranium producer Boss Energy Ltd (ASX:BOE, OTCQX:BQSSF) has set a December quarter 2025 deadline to finalise a review of its Honeymoon mining operations in South Australia, aimed at assessing production assumptions from its 2021 enhanced feasibility study (EFS).
The review will focus on the “potential for reduced continuity of mineralisation and leachability” compared with the 2021 study and evaluate any implications for the project’s ability to reach nameplate production capacity.
Boss first flagged the review in July after 12 months of operational analysis, alongside well and drill results, highlighted “potential challenges” to achieving targeted capacity.
The company confirmed it has established a technical team, program of work and schedule to complete the review within the December quarter. “In addition to assessing the potential impact on the EFS assumptions and production volumes, the output from the review is expected to include an assessment of the mineral resource and wellfield design,” Boss stated.
Boss has also accelerated resource drilling to support its wellfields planning, with the program set to begin by mid-September and take seven to nine months to complete.
“We have moved quickly to appoint leading experts in their fields with the aim of establishing an accurate and independent assessment of our resources and optimum production rates,” chief executive Duncan Craib said.
Shares in Boss last traded at $1.98, down 20% year-to-date.