Boss Energy Ltd
ASX:BOE
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Boss Energy Ltd
Boss Energy Ltd. engages in the exploration of gold and uranium projects. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2007-07-25. The Honeymoon Uranium Project is located approximately 80 kilometer (km) north-west from the town of Broken Hill, near the border with New South Wales. The project covers an area of approximately 2,595 square kilometers (km2), consisting of one granted mining license ML6109, five granted exploration licenses, three retention leases and two miscellaneous purpose licenses. The company also includes crown lease CL18063, which covers the area of the Honeymoon mine site.
Boss Energy Ltd. engages in the exploration of gold and uranium projects. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2007-07-25. The Honeymoon Uranium Project is located approximately 80 kilometer (km) north-west from the town of Broken Hill, near the border with New South Wales. The project covers an area of approximately 2,595 square kilometers (km2), consisting of one granted mining license ML6109, five granted exploration licenses, three retention leases and two miscellaneous purpose licenses. The company also includes crown lease CL18063, which covers the area of the Honeymoon mine site.
Record Production: Boss Energy delivered record quarterly uranium production of 456,000 pounds, up 18% from the prior quarter.
Costs Down: C1 cash cost dropped to $30 per pound, beating both previous guidance ($41–$45) and last quarter's $34; all-in sustaining cost also fell to $49 per pound.
Guidance Lowered: Management revised down C1 cash cost and all-in sustaining cost guidance for FY '26, citing sustained productivity improvements.
Financial Strength: The balance sheet remains robust with $208 million in cash and liquid assets, including $53 million in cash, and no debt.
Production Outlook: FY '26 production guidance of 1.6 million pounds of uranium was reaffirmed, with a softer Q3 expected before production rebounds in Q4.
Feasibility Study: A new feasibility study for the Honeymoon project is underway, aiming to lower costs and extend mine life with an alternative wellfield design.
Contract Transparency: Management clarified the impact of a legacy uranium sales contract (at 65%–70% of spot price), which will account for about 15% of FY '26 production.
Alta Mesa JV: Boss received 68,000 pounds from Alta Mesa JV, where total production was 143,000 pounds; production decline attributed to wellfield timing.
