The commissioning and ramp-up of the Honeymoon uranium mine in South Australia is progressing to plan, with the mine having produced 57 364 lb of uranium oxide (U3O8) by the end of last month.
Boss is set to make its first delivery to European nuclear utilities under its existing sales contracts, with revenue to be received in the current quarter.
By June 30, 2025, Boss expects the Honeymoon mine to produce at least 850 000 lb of U3O8, which will be in line with the feasibility study schedule.
“The startup phase at Honeymoon is proceeding comfortably to plan, with all the key metrics running in line with, or exceeding, the forecasts contained in the feasibility study schedule,” says Boss MD Duncan Craib.
“Construction of the second and third columns is also advancing well, ensuring we are on track to continue increasing our production rates.”
Boss is forecasting production for the 2026 financial year to be at 1.63-million pounds of U3O8.
The addition of columns 4, 5 and 6 are forecast to further increase the production rate to nameplate capacity of 2.45-million pounds a year by year three.
Honeymoon is an idled mine that Boss has restarted.