Committed expenditure for Boss Energy’s South Australian redevelopment project has now reached $55.1 million. Emerging uranium producer Boss Energy (ASX: BOE) has announced it has reached the halfway mark in committed expenditure for the redevelopment of its flagship Honeymoon uranium project in South Australia.
The company today confirmed $55.1 million of the budgeted $105.4 million capex, excluding a $7.6 million contingency, has been committed for the project to date, putting the project on time and budget.
Honeymoon is fully funded through to production with Boss declaring it has $115.6 million in cash on hand and a strategic uranium stockpile valued at $88.3 million based on current spot prices.
“To reach the hallway mark on time and on budget at any project is an outstanding achievement, particularly given the current high-inflation environment shortages of skills and equipment,” Boss managing director Duncan Craib said.He said the company is now positioned to capitalise on the […]
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