Highlights
- Startup manufacturing exceeding ramp-up schedule per the feasibility research (FS) estimates
- NIMCIX columns 2 and three heading in the right direction for commissioning in Q3 and This fall, respectively in 2024
- Commissioning continues to advance, with key metrics remaining forward of FS estimates:
- oWellfields proceed to common 80 – 100mg/L vs FS estimate of 47mg/L (~100% uplift)
- oIon Alternate loaded resin recoverability stays at 100%
- oResin loading normalising at FS estimate of 27 g/L
- oElution efficiency exceeding FS estimate at 7 – 9 g/L
- First uranium sale to happen with income being acquired this quarter
- Boss stays extremely leveraged to rising uranium worth
Boss will now make its first supply to European nuclear utilities below its present gross sales contracts, with income to be acquired within the present quarter.
With NIMCIX Column 1 performing to expectations and building of Columns 2 and three on monitor for completion within the September and December quarters, 2024 respectively, Boss expects manufacturing to complete no less than ~850,000lbs of U308 by June 30, 2025, according to its Feasibility Examine schedule1.
Boss Managing Director Duncan Craib stated:“The beginning-up part at Honeymoon is continuing comfortably to plan, with all the important thing metrics working according to, or exceeding, the forecasts contained within the Feasibility Examine schedule.
“Development of the second and third columns can also be advancing nicely, guaranteeing we’re on monitor to proceed growing our manufacturing charges. Whole manufacturing in FY26 is ready to satisfy or exceed our feasibility research forecasts at 1.63Mlb. The addition of columns 4, 5 and 6 are forecast to additional improve the manufacturing price to nameplate capability of two.45Mlb/annum by yr three.”
Determine 1: Drummed uranium prepared for first cargo
Determine 2: Development of columns 2 and three nearing completion to extend Honeymoon’s manufacturing profile
Manufacturing replace
Operational focus over the approaching months stays on optimisation of the ion change, elution, precipitation and drying and packing processes.
Wellfield efficiency continues to impress, with tenors from particular person wellfields into the PLS averaging 80 – 100 mg/L. Honeymoon’s feasibility research assumed PLS grade of 47 mg/L based mostly on outcomes from the challenge’s earlier operation. Boss is managing the grade of uranium being leached to maximise wellfield recoveries.
Consumption of reagents within the wellfields of sulphuric acid and ferric (pH and Eh) are normalising as per FS expectations. The lixiviant chemistry, as proved through the discipline leach trial, continues to exhibit superior efficiency at business throughput charges. The elevated leach effectivity results in a extra environment friendly loading on the ion change resin, successfully reducing working prices as much less reagents and energy are required per drum of uranium.
Stripping of uranium from the loaded resin continues to be nearly 100%, additionally demonstrating that the ion change course of is working as designed, leading to a high-grade concentrated eluate higher than 7-9 g/L.
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