Boss Energy Achieves 850,000 lbs U3O8 Production in FY25
Boss Energy has successfully met its FY25 production guidance at the Honeymoon Uranium Operation, marking a key milestone in its ramp-up phase and positioning the company for increased output and cashflow in FY26.
- Achieved FY25 production guidance of 850,000 lbs U3O8
- June quarter production up 11% from March quarter
- Planned maintenance to limit late June output
- Ion exchange technology validated in processing circuit
- FY26 guidance to be released with July quarterly report
Meeting the Mark
Boss Energy Limited has confirmed it met its full-year production guidance for FY25 at its Honeymoon Uranium Operation in South Australia, achieving the target of 850,000 pounds of U3O8 as of 17 June 2025. This milestone underscores the company’s operational capabilities during a critical commissioning and ramp-up phase.
Ramping Up Production
Production in the June quarter has shown a notable 11% increase compared to the March quarter, with 328,102 pounds of uranium oxide drummed to date. While output will be curtailed for the remainder of June due to a planned maintenance shutdown, this pause is strategic, aimed at preparing the operation for a more robust ramp-up in FY26.
Technology and Teamwork
Boss Energy’s Managing Director, Duncan Craib, highlighted the successful integration of ion exchange technology into the processing circuit as a key factor in meeting production expectations. The company has maintained consistent guidance since its Enhanced Feasibility Study in 2021, reflecting confidence in both its technical approach and operational execution.
Looking Ahead
The company plans to release its FY26 production and cost guidance alongside its June quarterly report on 28 July 2025. This report will also provide updates on safety performance, final production and sales figures, and ongoing construction activities, offering investors a comprehensive view of the company’s trajectory.
Market Context
With uranium markets showing increasingly favourable demand-supply dynamics, Boss Energy’s achievement positions it well to capitalise on rising prices and tightening supply. The company’s commitment to growth in production and cashflow aligns with broader sector trends and investor expectations for uranium producers.
Bottom Line?
Boss Energy’s FY25 production success sets a solid foundation, but eyes now turn to FY26 guidance and growth execution.
Questions in the middle?
- What specific production and cost targets will Boss Energy set for FY26?
- How will the planned maintenance impact near-term cashflow and operational momentum?
- What further technological or operational enhancements are planned to boost future output?
