Boss Energy (ASX:BOE) began generating free cashflow at the Honeymoon uranium project in South Australia during the quarter, reporting 246,869 pounds of IX production and 295,819 pounds of triuranium octoxide drummed at the project, rising 15% and 116% from the previous quarter respectively, according to a Tuesday Australian bourse filing.
A portion of the inventory accumulated in previous quarters was processed through the drying and packing stage during the quarter, the filing said.
Key activities to be achieved as part of the ramp-up plan for the coming quarter include increasing the flow rate, along with changing the precipitation circuit operating regime from batch to continuous operation.
During the quarter, it received $22.4 million in cash, related to a sale of 150,000 pounds to a utility customer and the repayment of 100,000 lbs of uranium loaned to enCore Energy, as well as 18,000 pounds interest at a rate of 9% per annum on the total loaned material to enCore.
The firm remains on track to deliver 850,000 pounds of triuranium octoxide drummed for the fiscal year ending June 30.
Its shares jumped 13% in recent trading on Tuesday.
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