Boss Energy shares jump after uranium production meets guidance, announces new director
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The news: Shares in Boss Energy rallied in afternoon trade after the uranium producer met its revised full-year FY26 production guidance, while also accelerating future growth targets at its flagship Honeymoon project.
Shares rose 9.6% to $1.30 at 12:37pm AEST.
The context: The company has recorded an output of 1.41 million pounds of triuranium octoxide, meeting its previously stated guidance while continuing the ramp-up of its Honeymoon plant and wellfields.
Boss has decided to bring forward the targeted release of its new feasibility study and updated life-of mine plan for Honeymoon. Originally slated for September, the documents are now scheduled for release at the end of August.
Separately, Boss has appointed Peter Botten as an independent non-executive director and chair, effective 30 September, having previously served as the managing director and CEO of Oil Search. Botten currently chairs Conrad Asia Energy and Karoon Energy.
What they said: “The detailed design work completed alongside the operational ramp-up has materially increased our confidence in the wide-spaced wellfield design and the long-term development potential of Honeymoon and its satellite deposits,” Boss Energy managing director and CEO Matt Dusci said.
