Boss makes first uranium shipment, production on-track at Honeymoon

Boss Energy Ltd (ASX:BOE) is set to make its first delivery of triuranium octoxide (U308) from its Honeymoon mine in South Australia to nuclear utilities in Europe, anticipating revenue from this to be received within this quarter.

The shipment is happening within a wider context of commissioning and ramp up of Honeymoon, which has seen it produce 57,364 pounds (lbs) of U308 by June 30, and put Boss ahead of ramp-up schedule according to its feasibility study estimates.

Indeed, the company anticipates boosting production to at least 850,000lbs of U308 by June 30, 2025 – meeting feasibility expectations – based on the performance of NIMCIX Column 1, in addition to construction of Columns 2 and 3, which should be completed in the September and December quarters of this year.

Managing Director Duncan Craib said the project – located 80 kilometres northwest of Broken Hill – is meeting expectations well in terms of production and economics.

“The start-up phase at Honeymoon is proceeding comfortably to plan, with all the key metrics running in line with, or exceeding, the forecasts contained in the Feasibility Study schedule,” he said.

“Construction of the second and third columns is also advancing well, ensuring we are on track to continue increasing our production rates.

“Total production in the 2026 financial year is set to meet or exceed our feasibility study forecasts at 1.63Mlb.

“The addition of columns 4, 5 and 6 are forecast to further increase the production rate to nameplate capacity of 2.45Mlb per annum by year three.”

Boss has been trading at $4.19.