Boss Energy Ltd. has hit its revised full-year production guidance for the 2026 fiscal year, while simultaneously fast-tracking technical studies designed to unlock the long-term value of its Honeymoon uranium project in South Australia.
Boss Energy produced 1.41 million pounds of drummed uranium ore over the financial year, meeting its revised targets as it continues to ramp up operations at the South Australian mine.
The company reduced its production guidance for the 2026 fiscal year to between 1.40 million pounds and 1.45 million pounds of uranium ore.
The strong performance follows a string of operational milestones reached in June, including the commissioning of additional pumping infrastructure and the East Kalkaroo trunkline, alongside better-than-expected flushing times at its new Far East Kalkaroo wellfield.
On the back of this operational momentum, Boss Energy has chosen to bypass a previously planned interim scoping study and skip straight to a comprehensive new feasibility study and updated life-of-mine plan.
The company has brought forward the targeted release of the study to the end of August, ahead of its initial September schedule.
Boss Energy CEO Matt Dusci said the detailed design work completed alongside the mining ramp-up has significantly strengthened the company’s confidence in its wide-spaced wellfield design.
“The quality and maturity of the work completed means we can now target delivery of a feasibility study earlier than originally planned,” Dusci said.
“It will be underpinned by the wide-spaced wellfield design, which is intended to lower capital intensity and operating cost structure, and enable us to potentially bring in our large satellite resources into the mine plan in due course.”
Any incremental capital requirements needed to back the upcoming life-of-mine plan are expected to be funded organically from the company’s own cash flow.
Boss Energy plans to release its full quarterly activities report on July 30.
