JUNIORMETRICS
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Boss Energy Limited

BOE·$1.08·$355.6M cap
UraniumHoneymoon Uranium Project, South Australia Map

Boss Energy owns 100% of the Honeymoon ISR uranium mine in South Australia (restarted 2024, ramping toward 2.45Mlb pa) and holds a 30% interest in the Alta Mesa project in South Texas. Cash of A$62.19 million against immaterial debt of A$410,000 leaves a strong net cash position.

Notable vs. Peers

  • Financials score of 10/10 is stronger than the peer average of 5.7/10.

Lifecycle Milestones

Grassroots
Resource Def.
PEA
PFS
Feasibility
Permitting
Construction
ProductionCurrent

Construction Milestones

5 of 5 reached
  1. Reached — date not disclosed · Reached, undated at month precision (October 2022). "In October 2022, the South Australian Department for Energy and Mining approved the Company's updated Program for Environment Protection and Rehabilitation (PEPR) at Honeymoon... a key regulatory document required under the Mining Act for the restart of production" (theassay.com, "Boss Secures Key Approval For Restart At Honeymoon Uranium Project"; corroborated by Mining Weekly's "Honeymoon restart clears another hurdle," 6 Oct 2022). No exact day found in either source. The ORIGINAL ML6109 mining licence was issued in 2001 to prior owner Southern Cross Resources (per Wikipedia's History section) -- but this predates and is distinct from the Boss-era restart this miner's other on-file rows anchor to (CONSTRUCTION_DECISION undated Jun 2022 FID, CONSTRUCTION_START undated Oct 2023, FIRST_PRODUCTION 2024-04-22, COMMERCIAL_PRODUCTION 2025-01-01). This row is anchored to the Oct 2022 PEPR approval -- the operative restart-enabling regulatory approval under the Mining Act -- not the original 2001 grant. · Source
  2. Reached — date not disclosed · Boss Energy's Board approved the Final Investment Decision to develop/restart the Honeymoon in-situ-leach uranium project in June 2022. Exact day not confirmed; recorded reached-but-undated. · Source
  3. Reached — date not disclosed · Major construction (wellfield development, gypsum repository, water treatment and reverse-osmosis plants) was completed by October 2023, when mining activities / wellfield pre-conditioning commenced ahead of ISR feed to the plant. Exact construction-start day not confirmed; recorded reached-but-undated to the October 2023 mining-commencement announcement. · Source
  4. Apr 2024 · First drum of uranium produced as part of the Honeymoon restart commissioning process. · Source
  5. Jan 2025 · Genuinely reached with a clean, single, well-documented date: Boss Energy's 100%-owned, self-operated Honeymoon ISR uranium mine (South Australia) began commercial production 2025-01-01 (ramp-up had commenced April 2024), corroborated by multiple independent sources, with output since exceeding 1Mlb U3O8 and tracking FY25 guidance of 850,000lb. Boss's other asset, a 30% non-operating interest in the Alta Mesa ISR project (Texas, acquired from enCore Energy in February 2024, with enCore retaining 70% and operating the plant), is explicitly NOT the basis for this write -- noted for completeness only, notwithstanding Alta Mesa's own production restart clustering around a similar timeframe (enCore restarted Alta Mesa operations June 2024 under its own operatorship). This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

10/10
Weak track recordStrong track record
10/10
Thin runwayWell-capitalized
9/10
High riskLow risk
How this is calculated
5.5/10
Weaker depositStronger deposit
8.6/10
Weaker profileStronger profile
Price Chart
$1.25$1.21$1.20$0.918$1.08AugNovFebJunSep
Aug 12, 2025Sep 4, 2026
News
$1.08
+50.4%from low-32%from high
$0.72$1.58
$355.6M
Far belowFar above
$2.4B median
Price (USD - Local)
$1.08 - AUD 1.50
Cash Position (USD)
$147.4M
Far belowFar above
$95.3M median
Debt (USD)
$0
Far aboveFar below
$114.7M median
$208.2M
Far belowFar above
$2.3B median
415.2M
Far aboveFar below
416.4M median
Jurisdiction
Australia
26,600,000 lb U₃O₈
Far belowFar above
37.4M median
$7.83/lb
Far aboveFar below
$2.78/lb median
Cut-off: 250 ppm U3O8
This company's data hasn't been researched yet
In-situ recovery (ISR)
This company's data hasn't been researched yet
$42.70/lb U₃O₈
This company's data hasn't been researched yet
Not enough peer data yet
This company's data hasn't been researched yet
Not enough peer data yet
This company's data hasn't been researched yet
2.8%
0%100%
3.8% median
This company's data hasn't been researched yet
656 kmfrom Agnico Eagle Mines Limited's Fosterville
Outside typical bolt-on range
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
This company's data hasn't been researched yet
Acquisition Susceptibility
3.3/10
Unlikely bolt-onFits the takeout profile

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.

Overall Score Trend
+13.2% since 2026-08-04 · -1.1% from peak

Your Rankings

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Management Team

Chief Financial Officer of Boss Energy Limited. Previously Manager Business Projects at Wesfarmers, where he held several senior positions over a nine-year career in business development, leading transaction and finance teams, scaling new businesses and other commercial and strategic roles. A Chartered Accountant who commenced his career at Ernst and Young and was also Strategic Finance Analyst and Capital Investment Analyst at Vodafone Ireland.

Managing Director and Chief Executive Officer of Boss Energy Limited, having joined the company in September 2024. Mining executive with over 25 years of experience across technical studies, project development, operations, strategy and leadership. For the preceding 10 years held several executive positions at IGO Limited, including Acting CEO, Chief Operating Officer and Chief Growth Officer, playing a major role in that company's growth and transformation; earlier held senior management roles within PMI Gold, Gold Fields and WMC Resources.

Chief HR Officer of Boss Energy Limited. Over 20 years of experience in the mining industry specialising in both human resources and legal functions, spanning copper, gold, coal, uranium, nickel, cobalt and chrome across South Africa, Namibia, Zambia and Central Africa. Track record in HR strategy development, organisational design, employee relations, learning and development, performance management and succession planning, and skilled in both labour and commercial law; previously spent 12 years at First Quantum Minerals in senior management roles.

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money
2/10

No named institutional holder resolves to a specialist. Chairman Wyatt Buck and Managing Director Matt Dusci both bought stock on the open market within the last year, with no selling on record.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

Honeymoon Uranium Project (South Australia), Boss Energy's producing ISR flagship. Total JORC-compliant resource of 71.6 Mlb U3O8, of which the current Honeymoon Restart Area (HRA, the area covered by the active mine plan) hosts 36 Mlb, and 26.6 Mlb of that is classified Measured and Indicated. A further 35.6 Mlb of JORC resource exists outside the HRA with significant additional exploration potential, but its Measured/Indicated/Inferred split was not confirmed to primary-source certainty this pass. ouncesFound written as 26,600,000 lb U3O8 -- the confirmed Measured+Indicated figure within the actively-mined HRA -- rather than the larger, partially-unconfirmed 71.6 Mlb total.

AI take

Honeymoon ISR uranium mine (South Australia, 100%-owned, restarted 2024, ramping toward 2.45 Mlb/yr) + 30% interest in Alta Mesa (South Texas). FY2026 guidance: 1.6 Mlb U3O8 from Honeymoon; Alta Mesa targeting 1.5 Mlb/yr at 100% (Boss share ~450koz/yr at 30%). A Honeymoon feasibility study is in progress (scoping study Q2 2026, final feasibility Q3 2026) but not yet complete -- no NPV/IRR/mine-life to cite yet. ouncesFound not written -- uranium-commodity convention gap (confirmed zero URANIUM-commodity miners in this DB carry it).