Boss EnergyLimited(ASX: BOE; OTCQX: BQSSF)is pleased to provide FY26 guidance for its Honeymoon Uranium Operationin South Australia. Honeymoon will continue its operational ramp-up during the year, having exceeded its first-year production and cost guidance of U3O8drummed.As a result, production guidance for FY26 is1.6M lbsU3O8. C1 cash cost guidancef or FY26is A$41-45/lb (US$27-29/lb)and all in sustaining cost (“AISC”)1cost guidance for FY26isA$64-70/lb (US$41-45/lb). Following Honeymoon’s successful operational progress in FY25,it is expected that the mine will continue to generate positive free cashflow in FY26 and during the year Boss as a company will become cash flow positive. Table: FY2026 Guidance2Key Metric UnitFY2026 Guidance AUDUSD ProductionLbs (000’s)1,6001,600Cash Cost$/lb41-4527-29All In Sustaining Cost$/lb64-7041-45Capital expenditure Sustaining $M29-3219-21Project and Supporting Infrastructure$M27-3018-20Total Capital Expenditure$M56-6236-40Notes (1) AISC includes C1 costs, Royalties and Wellfields Sustaining Capital (2) Assumes U3O8priceof US$70/lb and AUD/USD of 0.65.The FY26 plan that makes up guidance is as follows:•Production: Production for FY26 is based on the operation of 9 wellfields by June 2026 from the Honeymoon and East Kalkaroo domains. As expected, tenor will decline from FY25 as existing wellfields from the Honeymoon domain are depleted and lower-grade wellfields at East Kalkaroo are brought online.• Cash costs: Cash costs are expected to increase compared to FY25 primarily due to an expected decline in average tenor and an optimised lixiviant chemistry, mainly to decrease pH from 1.4 to 1.3. The optimised lixiviant chemistry is expected to be value accretive through improved head-grade and total wellfield recovery but will result in higher specific consumptions and C1 cost, which has been reflected in the forecast cash cost for FY26.
Source: Boss Energy Ltd.
