Boss Energy Limited (ASX: BOE, OTCQX: BQSSF) released June 2026 quarterly update after a 12-month challenging transition, the Company delivers against its revised production and cost guidance.
Figure 1: Boss Energy company logo [Courtesy: Business News Australia]
Investors watching Boss Energy quarterly results June 2026 ASX updates will find a business that stayed disciplined through weather setbacks. Cash grew, inventory grew, and the balance sheet remained free of debt.
Q4 and FY26 Highlights
- Q4 FY26 production of 362 klbs U3O8, up 79 per cent on Q3 FY26
- FY26 production of 1.41 million pounds U3O8, up 65 per cent on FY25
- FY26 C1 cash cost of A$39 per pound, within revised guidance
- FY26 all-in sustaining cost of A$61 per pound, within revised guidance
- Cash and liquid assets of A$207.3 million, with no debt
- Inventory grown to 1.581 million pounds of U3O8
- Peter Botten appointed as the Company’s new Chair
Boss Energy June 2026 quarterly results Australia figures confirm production guidance was met after being revised in January.
Honeymoon Operation Delivers Record Quarterly Flow
Boss Energy’s Honeymoon Operation recovered strongly in the fourth quarter after a difficult third quarter. Production climbed 79 per cent as new infrastructure came online.
The Company commissioned NIMCIX Columns 4 and 5 during the period. This brought the total number of operating columns to five, supporting a record quarterly flow of 3.5 million cubic metres, up 83 per cent on Q3.
Figure 2: Honeymoon quarterly U3O8 production trend [Courtesy: Boss Energy]
Wellfields Under Construction Support Future Production
- Wellfield B6 began producing in line with expectations
- East Kalkaroo Trunkline was commissioned during the quarter
- New wellfields are being built using the wide-spaced design
- EKT1 commences flushing in August 2026, leaching in Q2 FY27
- EKT2 commences flushing in Q3 FY27, leaching in Q4 FY27
Figure 3: Wellfield layout across the Honeymoon lease [Courtesy: Boss Energy]
Cost Performance Meets Revised Guidance
Boss Energy’s cost performance for the June 2026 quarter came in at the higher end of guidance. This reflected weather impacts felt earlier in FY26, as flagged in prior announcements.
| FY26 Key Metric (AUD) | Unit | Q4 FY26 | Q3 FY26 | Full Year Actual | Revised Guidance |
|---|---|---|---|---|---|
| C1 Cash Cost | A$/lb | 45 | 60 | 39 | 36 – 40 |
| All In Sustaining Cost | A$/lb | 70 | 93 | 61 | 60 – 64 |
| Sustaining Capex | A$ M | 7 | 5 | 24 | 30 – 33 |
| Project and Supporting Infra. | A$ M | 14 | 8 | 42 | 30 – 33 |
| Total Capital Expenditure | A$ M | 21 | 13 | 66 | 30 – 66 |
Total capital expenditure for the full year was A$66 million, within the Company’s full guidance range.
Sales and Financial Position Strengthen Further
Boss Energy remained cash flow positive across FY26, a result consistent with the Company’s own guidance. Cash increased by A$13.1 million during what management described as a capital-intensive year.
| Sales and Inventory | Unit | Q4 FY26 | Q3 FY26 | FY26 |
|---|---|---|---|---|
| Average Realised Price | US$/lb | 75.1 | 73.6 | 74.4 |
| Average Realised Price | A$/lb | 107.1 | 106.0 | 111.0 |
| Sales | lbs 000’s | 325 | 325 | 1,400 |
| Loan Repayment | lbs 000’s | – | – | 100 |
| Inventory on Hand | lbs 000’s | 1,581 | 1,530 | 1,581 |
The Company recorded A$34.8 million in sales for the quarter and remains strategically under-contracted. Q1 FY27 realised price is expected to sit between US$80 and US$82 per pound.
Figure 4: Boss Energy’s quarterly cash and liquid assets [Courtesy: Boss Energy]
Alta Mesa JV Faces Permitting Delays
- Drummed production fell to 45 klbs on a 100 per cent basis, down from 97 klbs in Q3
- Boss Energy’s 30 per cent pro rata share came in at 13 klbs
- Decrease attributed to permitting delays at the Texas Commission on Environmental Quality
- Boss Energy continues working with enCore, manager of the joint venture, to lift output
New Feasibility Study Progresses Ahead of Schedule
Boss Energy is progressing a new feasibility study aimed at bringing lower-grade mineralisation into its wellfield design. The Company has grown more confident that its wide-spaced approach can improve overall project economics.
Rather than releasing two separate study documents, Boss Energy will proceed directly to a feasibility-level outcome. The updated report, including a new Life-of-Mine Plan, is now targeted for release at the end of August 2026.
Gould’s Dam and Jasons Deposit Add Growth Options
Boss Energy ASX quarterly update June 2026 revealed that the Company holds 45 million pounds of contained U3O8 across its Gould’s Dam and Jasons satellite deposits. Both sites are advancing through permitting, supported by existing Honeymoon infrastructure.
Figure 5: Tenure map showing Gould’s Dam and Jasons Deposit [Courtesy: Boss Energy]
Gould’s Dam carries a total resource of 33.1 million pounds of U3O8 across 38.7 million tonnes of ore. Jasons Deposit adds a further 12.0 million pounds across 13.3 million tonnes, based on the Company’s March 2026 disclosure.
Boss Energy Share Price Snapshot
- Last price: A$1.192
- Market capitalisation: A$504.43 million
- 52 week range: A$0.995 to A$2.200
Figure 6: Boss Energy share price movement, August 2025 to July 2026 [Courtesy: ASX]
Industry Outlook for Uranium Producers
An optimistic picture of nuclear power is painted by the IAEA, which estimates that global capacity will have roughly doubled by 2050, to between 561 and 992 gigawatts depending on how everything goes.
The US wants to see 400 gigawatts of domestic capacity by that time, up from roughly 100 now. Others such as China, India, Russia, Turkey and South Africa are chasing similar goals.
Figure 7: Aggregate uranium revenues against average realised prices, 2023 to 2033E [Courtesy: S&P Global Market Intelligence]
The forecasts back this up. Aggregate uranium revenue across 11 listed producers is expected to grow from US$4.7 billion in 2023 to US$14.9 billion by 2033, with average realised prices climbing from US$59.6 to US$98.7 per pound over the same stretch.
Figure 8: Projected uranium revenues by producer, 2025 versus 2030 [Courtesy: S&P Global Market Intelligence]
For investors looking to invest in the mining sector should know that the Boss Energy fits into the smaller, emerging tier of Australian developers here. Its 2025 uranium revenue prediction of US$96 million relative to its peers. Numbers are dominated by few producers while everybody else tries to build towards relevance.
Future Direction and Impact on Growth Pipeline
Boss Energy ASX quarterly update June 2026 future direction centres on completing its wide-spaced wellfield transition and advancing satellite deposits. This impacts the Companys ability to increase production at lower grades, while controlling costs.
Shareholder impact should be clearer with the revised feasibility study filing in August 2026. Continued progress at Gould’s Dam and Jasons Deposit could also impact long-term production capacity at Honeymoon.
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FAQs
Q1. Did Boss Energy meet its cost guidance for FY26?
Ans. Yes, the Company delivered a C1 cost of A$39 per pound and an AISC of A$61 per pound.
Q2. How much cash does Boss Energy hold?
Ans. Boss Energy held A$207.3 million in cash and liquid assets at quarter-end, with no debt.
Q3. When will Boss Energy release its new feasibility study?
Ans. The updated feasibility study is targeted for release at the end of August 2026.
Q4. What growth options does Boss Energy have beyond Honeymoon?
Ans. The Company is advancing the Gould’s Dam and Jasons Deposit satellite projects near its existing infrastructure.
Disclaimer
This article is meant only for informational purposes. If you are an investor watching Boss Energy Limited closely, all the data published in the content is sourced from ASX announcements and Company disclosures. Kindly verify all information related to the share price and market data before making any decision. Any investment should be made at the investor’s own risk. Colitco does not hold any position in the above-mentioned Company.
Source:
- https://www.marketindex.com.au/data-api/api/v1/announcements/XASX:BOE:6A1336188/pdf/inline/june-2026-quarterly-results-presentation
- https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/02/uranium-s-next-decade-from-tight-supply-to-a-broader-mining-boom
- https://www.asx.com.au/markets/company/BOE
Elizabeth Jones is a finance and mining content specialist with over 10 years of experience creating clear, SEO-driven content across fintech, investing, banking, insurance, cryptocurrency, and resource markets. She transforms complex financial data and industry trends into engaging, reader-focused articles that improve understanding and audience engagement.
