The restart strategy will have three key phases:
Phase 1 involves generation of final input data required for a definitive feasibility study (DFS), including a drilling program to deliver measured and indicated resources, an optimization program to deliver further cost savings and/or process improvements, and a preliminary execution plan, updated cost estimate, and schedule for the restart of the existing solvent extraction plant.
Phase 2 comprises the DFS and permitting updates.
Phase 3 covers detailed execution planning, operational readiness inclusive of a solvent extraction plant recommissioning plan, and detailed design work for a new ion exchange plant.

Boss Resources Managing Director Duncan Craib said, “Phase 1 of the restart strategy has commenced, and the company’s initial activities are focused on the planning and preparation of the infill and step-out drill program. Consultants and engineering support for optimization and trade-off studies have been identified, and proposals are currently being finalized.

“Being an in-situ recovery mine in combination with ion exchange production, the Honeymoon uranium project will operate in the lowest-cost quartile of worldwide producers,” Craib said. Honeymoon has a JORC-compliant resource of 63.3 million lb of U308.