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Boss Energy Ltd (ASX:BOE)

ALERT: Price-sensitive ASX Announcement for BOE
Current share price for BOE : $1.185 -0.615 (-34.17%)+
Announcement
Release
28 Jan 2026 9:05AM
Price at Release
$1.800
Full Release
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Summary
Boss Energy Ltd's Quarterly Activities Report for December 2025 highlights increased sustaining and project capital expenditures due to new feasibility studies and delineation drilling programs. The company is progressing with construction activities at Honeymoon and considering a wide-spaced wellfield design to potentially lower costs. The exploration efforts focus on mapping palaeovalleys and obtaining metallurgical samples. Boss Energy remains financially strong with $208 million in liquid assets and has adjusted its FY26 guidance to reflect reduced C1 costs and higher capital expenditure. The company received a significant U3O8 share from the Alta Mesa Uranium Project joint venture.
Key Points
  • Boss Energy Ltd has increased its sustaining capital expenditure forecast due to costs associated with a new feasibility study on wellfield designs.
  • Project and supporting infrastructure capital expenditure has also increased due to new costs associated with a delineation drilling program.
  • Honeymoon construction activities include ongoing completion of NIMCIX columns 4-6, with several wellfields expected to be completed by FY26.
  • Exploration activities are focused on defining prospective palaeovalleys and obtaining samples for metallurgical test work.
  • Boss is considering a wide-spaced wellfield design that could lower costs and improve lixiviant tenors.
  • The company is in a strong financial position with no debt and $208M in liquid assets.
  • Boss received 68,420 lbs of U3O8 from its 30% share in the Alta Mesa Uranium Project joint venture.
  • Guidance for FY26 includes production of 1.6 Mlbs of U3O8, with a reduction in C1 cost and an increase in capital expenditure.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.