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Boss Energy (ASX:BOE) has retained its FY26 production guidance for the Honeymoon uranium project in South Australia despite it being hit by a significant weather issue that’s slowing everything down.
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The company reported that rain has restricted site access and its ability to receive reagents and other goods required for production. Reagent deliveries and production are not expected to resume before March 14, CY26, based on the current assessment of road conditions and forecast weather.
Boss’ managing director, Matthew Dusci, said the Australian company will continue with a planned shutdown to tie in new plant, wellfield, and power infrastructure to enable increased production capacity.
Mr Dusci said prior to the weather issue Boss forecast that U3O8 drummed in Q3 FY26 would be lower than in Q2 FY26 (456,000 pounds), mainly due to a decline in average pregnant leach solution( PLS) to IX tenor.
“The significant rainfall has further reduced expected production for Q3 FY26 to between 240,000 pounds and 270,000 pounds of U3O8 drummed,” he said.
“However, our FY26 production guidance is maintained at 1.6 million pounds with the team focused on bringing online the additional IX columns, power upgrades and pumps over the coming weeks.
“This will set up the operation for a record quarter of drummed production in the final quarter of this financial year.”
Boss’s Honeymoon mine was reopened with first uranium sales in July CY24.
BOE closed Thursday at ~$1.74/sh.
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