Boss Energy’s Honeymoon uranium operation in South Australia has achieved its 2024–25 financial year (FY25) production guidance, drumming 850,000 pounds (lbs) of triuranium octoxide.
The milestone was achieved on June 17 and follows Boss achieving its first positive free cash flow less than 12 months after producing first drum from Honeymoon.
“We are extremely proud to have met production guidance in our first year of operating Honeymoon,” Boss managing director Duncan Craib said.
“This is a major achievement and is a testament to our talented and committed team. It also confirms that the changes we made to the processing circuit at Honeymoon, including the adoption of the ion exchange technology, have met or exceeded our expectations.
“We have done exactly what we said we would do. Not once since announcing the enhanced feasibility study in June 2021 have we revised Honeymoon’s cost or production guidance. And we have increased production in every successive quarter.”
A total of 328,102lbs of triuranium octoxide has been produced from Honeymoon for the June 2025 quarter thus far, representing an 11 per cent jump from the amount Boss produced in the March 2025.
Limited triuranium octoxide production from Honeymoon will continue for the remainder of the June quarter due to a short maintenance program scheduled to prepare for the mine’s ongoing ramp-up in FY26.
“We remain fully committed to delivering on our undertakings to the market and all stakeholders,” Craib said.
“This will in turn ensure we maximise our ability to grow production and cashflow and capitalise on the opportunities arising from the increasingly favourable demand-supply outlook for uranium.”
Boss will reveal its FY26 production and cost guidance in late July as part of its June quarterly report.
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