Boss Energy shares rally on response to ASX query
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More news: Boss Energy shares rebounded after the uranium miner responded to an ASX price query, confirming that it made timely disclosures regarding cost increases at its flagship Honeymoon project.
Boss shares were up 2.7% to $1.73 at 12:50pm AEST, but are still down 49% since issuing higher-than-expected cost guidance last week.
Boss Energy rebuts ASX query over disclosure of Honeymoon costs
The news: Uranium miner Boss Energy has denied any wrongdoing in its recent disclosure of production and cost figures at its flagship Honeymoon project in South Australia, after receiving a price query from the ASX.
The numbers: The ASX noted that on 28 July Boss disclosed updated operating cost figures, which referred to a cash cost of USD27-USD29 ($41.7-$44.8) per pound and an all-in sustaining cost (AISC) of USD41-USD45 per pound.
The bourse operator noted that the company said in May there was no material change to the financial information in its feasibility study for the Honeymoon project, which included an estimated cast cost of USD18.46 per pound and AISC of USD25.62 per pound.
Boss shares fell 44% in a single session following last week's announcement. Shares are currently down a further 12% to $1.68.
The context: In its response to the price query, Boss said it only became aware of the new costs following a budgeting process for the 2026 financial year, which was finalised on 27 July.
The miner also noted that the cash cost and AISC outlined in the feasibility study reflected an 11-year, life-of-mine estimate and was not an estimate for operating costs for any single operating year.
The source: ASX
