Significant production potential confirmed at Gould’s Dam

Recent results support the strategy to increase the nameplate production rate and mine life.
Recent results support the strategy to increase the nameplate production rate and mine life.

Following strong intercepts, where up to 2925ppm triuranium octoxide was encountered, significant production potential has been confirmed at the Gould’s Dam deposit in South Australia.

Gould’s Dam is part of Boss Energy’s (ASX: BOE) Honeymoon uranium mine and the results support the company’s strategy to increase the nameplate production rate and mine life at the mine.

The production rate will increase from the current nameplate capacity of 2.45mlbspa to the export permit limit of 3.3mlbspa.

A total of 96 mud rotary holes have been drilled to date at the Sunrise and Billeroo targets with other results including 1.25m @ 2877ppm triuranium octoxide and 4.25m @ 2230ppm triuranium octoxide.

In light of these results, work has begun on accelerating the development of Gould’s Dam with the current delineating program providing 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 the mine development plan, including pump testing of the mineralised aquifier within Gould’s Dam indicated resource and core sample test work.

This will provide important baseline hydrogeological and metallurgical characteristics of the mineralised aquifiers.

Exploration will now focus on the Beulah satellite deposit where 40 holes are planned to better define the mineralisation and geological characteristics of the region.