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- Feasibility activities ramping up
- Decision made to by-pass scoping study
- Revised FY26 production guidance met
Boss Energy (ASX:BOE) is ramping up activities related to the next growth stage at its Honeymoon uranium project in South Australia.
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MD and CEO, Matt Dusci, said the substantial progress made across the company’s operational workstreams over the past six months has provided additional information to support a higher confidence outline for future operations at Honeymoon.
“On this basis, Boss has determined to proceed directly to a feasibility-level outcome rather than producing two study documents within a short period, as previously proposed.”
This means Boss will not conclude the previously contemplated interim scoping study and instead, proceed directly to a new feasibility study.
That study and updated life-of-mine plan, accompanied by an updated JORC mineral resource estimate (MRE) for the Honeymoon deposit, is now targeted to be released at the end of August 2026, earlier than the original target date of the end of September 2026.
Mr Dusci said based on a significant volume of technical work completed to date, the company continues to gain increased confidence that the wide-spaced wellfield design has the potential to improve project economics.
Any incremental capital requirements to support the revised life-of-mine plan is intended to be funded organically.
The confidence in the future growth at Honeymoon is benefitting from recent strong performances which saw Boss achieve its revised FY26 production guidance.
The company produced 1.41M pound of U3O8 drummed during FY26, meeting its revised production guidance and continuing the ramp-up of the Honeymoon plant and wellfields.
“Achieving our revised production guidance demonstrates the significant operational progress the Honeymoon team has made over the past year,” Mr Dusci said.
“The quality and maturity of the work completed means we can now target delivery of a feasibility study earlier than originally planned. This will be a robust life-of-mine plan that sets out the long-term value potential of the Honeymoon operation.
“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.”
BOE was steady at $1.19 with a Mkt cap $494.0M before markets opened.
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