Committed expenditure under the re-development program has now reached the halfway mark, totalling
'This result positions Boss to capitalise on the growing demand for uranium, especially from western countries, as leading utilities around the world look to lock-in new long-term contracts and diversify from
'There is also a growing push among buyers to reduce their dependence on any individual company or geographic area. The recent contracts signed with developers, despite the availably of lower cost supply from existing producers, is evidence of this. 'If utilities continue to work towards reducing dependence on Russian supplies, fixed-term uranium demand could increase significantly during 2023, leading to higher term prices.'
Procurement
All critical path items remain on track for delivery in line with the project schedule. To mitigate possible freight and logistic delays, Boss has placed a high priority on securing long-lead items. More than 83 procurement packages have been issued, valued at approximately
Development of the first three start-up wellfields on the Honeymoon deposit is progressing rapidly with three drill rigs currently working to fast-track well installation. Overall initial drilling works are 40 per cent complete and scheduled to be finished in coming months. A total of 55 out of the planned 86 new production wells are drilled and cased while 15 of 31 recompletions of existing wells have also been finished. Long-lead items have been ordered, including electrical and instrumentation for wellfield refurbishment. In addition, Boss has taken delivery of 2.5km HDPE wellhouse trunklines, 4.5km specialty fibreglass downhole pipe, and super-duplex stainless-steel connections used to support the pumps in 48 extraction wells
Contact:
Chief Executive Officer
T: +61 (8) 6263 4494
E: boss@bossenergy.com
Media
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T: +61 (8) 9388 1474
E: info@readcorporate.com
Forward-Looking Statements
This announcement includes forward-looking statements. These forward-looking statements are based on the Company's expectations and beliefs concerning future events. Forward-looking statements are necessarily subject to risks, uncertainties, and other factors, many of which are outside the control of
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