Boss Energy Probes Honeymoon Project’s Production Potential Amid Review
Boss Energy has launched a detailed operational review of its Honeymoon uranium project to reassess mineralisation continuity and production assumptions, with results expected by year-end.
- Operational review initiated to reassess mineralisation and leachability
- Focus on impacts to production capacity from 2021 feasibility assumptions
- Technical team includes geological and in-situ leach mining experts
- Accelerated drilling program to support updated wellfield planning
- Review completion targeted for December quarter 2025
Context of the Review
Boss Energy Limited has announced a comprehensive operational review of its Honeymoon uranium project, initiated in late July 2025. This move comes as the company seeks to verify whether the continuity of mineralisation and its leachability align with the assumptions laid out in its Enhanced Feasibility Study (EFS) from June 2021. The review aims to clarify any potential impacts on the project's ability to meet its production nameplate capacity, a critical factor for investors and stakeholders.
Technical Approach and Expertise
The company has assembled a dedicated technical team comprising internal geological experts and independent consultants to scrutinize the Honeymoon deposit alongside satellite deposits such as Jasons and Goulds Dam. This team is rigorously examining input assumptions, resource domaining, estimation methodologies, and mineralisation continuity. To complement this, Boss Energy has engaged additional in-situ leach (ISR) mining specialists, including former Boss personnel and new experts, to reassess wellfield design and planning based on international best practices.
Accelerated Drilling and Timeline
Supporting the review, Boss Energy is accelerating its resource drilling program, set to commence in mid-September 2025. This drilling campaign is expected to span seven to nine months, providing critical data to refine wellfield designs and resource estimates. The company anticipates completing the operational review by the December quarter of 2025, with findings that could influence production forecasts and project development strategies.
Implications for Production and Investors
While the review is ongoing, the initiative underscores Boss Energy’s commitment to transparency and operational rigor. Managing Director Duncan Craib emphasized the swift appointment of leading experts to ensure an accurate and independent assessment. Investors will be watching closely for the review’s outcomes, which may necessitate adjustments to production guidance and resource valuations, potentially impacting market sentiment and project financing.
Looking Ahead
As Boss Energy navigates this critical review phase, the company’s ability to confirm or revise its production assumptions will be pivotal. The accelerated drilling and expert assessments position the company to respond proactively to any challenges or opportunities revealed. The December quarter update will be a key milestone for stakeholders seeking clarity on the Honeymoon project’s future trajectory.
Bottom Line?
Boss Energy’s ongoing review could reshape the Honeymoon project’s production outlook, with market eyes fixed on the December quarter results.
Questions in the middle?
- Will the review confirm or reduce the expected production capacity from the Honeymoon project?
- How might updated resource estimates affect Boss Energy’s project valuation and financing plans?
- What changes to wellfield design could emerge from the involvement of international ISR experts?
