Boss Energy ramps up as industrial-scale plant build continues; FY25 guidance of 850Klb intact

Boss Energy (ASX:BOE) has ramped up production at its Honeymoon project with the first ‘NIMCIX’ industrial-scale processing asset in place and achieving nameplate capacity.

The NIMCIX columns are, in pub talk, just parts of the Honeymoon processing plant that allow for the production of uranium in commercial scale. The company has previously pointed to its use of ‘IX Technology;’ another two columns will be installed on-site before the end of the year (all cards in order.)

“Preliminary updates on costs to be provided once the second and third NIMCIX columns are commissioned,” Boss wrote on Wednesday.

A total of 72.5Klb of uranium was produced across July and August, inking further South Australia’s emerging reputation as Australia’s uranium state.

“We continue to meet or exceed all of our key targets and are comfortably on track to meet our production guidance,” Boss CEO Duncan Craib said.

“The first IX circuit is now operating at nameplate capacity, proving that the technology works at the rate and scale forecast in the Feasibility Study.

“This is a pivotal point in the project’s development … the second IX circuit is underway and construction of the third is advancing rapidly.”

BOE last traded at $2.70.