SA uranium miner Boss Energy announces first drum from Honeymoon project

Nuclear technology ‘already’ there and is ‘used around the world’: David Littleproud Aerial images of Honeymoon uranium project 80km north-west of Broken Hill. Supplied by Boss Energy The value of uranium mining company Boss Energy continues to go nuclear, with the miner jumping three per cent in trading on Monday after announcing its first production of yellowcake from the recommissioned Honeymoon project in remote South Australia.

The jump has pushed the market capitalisation of Boss to almost $2bn from just $37m in 2015, when the company took on the abandoned mine site about 400km northeast of Adelaide.

Production at the mine is expected to ramp up to 2.45 million pounds of uranium for export each year from a total resource 71.6 million pounds and comes as global uranium prices surge, moving from about $77 per pound in January 2023 to about $140 per pound this week.

Boss managing director Duncan Craib said […]

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