Highlights
These results support the Company’s strategy to increase the nameplate production rate and mine life at its 100 per cent-owned Honeymoon Uranium Mine in South Australia.
In light of these strong results, work has commenced on accelerating the development of Gould’s Dam, which is an important satellite project to the nearby Honeymoon Mine.
The current delineation program provides important data which will be used in wellfield planning and other advanced pre-development activity.
It will also enable Boss to complete detailed geological and mineralisation models which will support the ongoing development work and preparation for an ISR Mining Lease proposal for Gould’s Dam.
This will lead into the next phase of mine plan development, including pump testing of the mineralised aquifer within the Gould’s Dam Indicated resource (utilising monitoring wells installed during the 2023 drilling campaign) and core sample test work. This will provide important baseline hydrogeological and metallurgical characteristics of the mineralised aquifers.
Resource Infill Drilling Program
Three key areas within the current Inferred resource envelope at Gould’s Dam were targeted as part of this infill drilling program – namely the Sunrise, Billeroo and Beulah targets (Figure 2). Holes were logged with the Boss Energy in-house PFN tools for uranium grade characterisation, and Borehole Magnetic Resonance (BMR) tools for lithological determination.
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