Boss Energy (ASX:BOE) has reported that significant rainfall in South Australia has disrupted operations at its flagship Honeymoon Uranium Project.
The heavy downpours have caused road closures and restricted site access, preventing the delivery of essential reagents and goods required for uranium production.
While the weather has paused active processing, the company is utilising the downtime to conduct a planned shutdown to integrate new plant infrastructure, wellfields, and power systems designed to boost future capacity.
Management expects deliveries and production to resume by March 14, contingent on improving weather and road conditions.
Production forecasts for the third quarter of FY26 have been downgraded to between 240,000 lbs and 270,000 lbs of drummed U3O8.
This is a decrease from the 456,000 lbs produced in the second quarter, a decline previously anticipated due to lower average pregnant leach solution tenors but exacerbated by the recent rains.
Despite the quarterly setback, Managing Director Matthew Dusci remains optimistic, confirming that the full-year production guidance of 1.6 million lbs remains unchanged.
The company is prioritising the commissioning of additional ion exchange columns and power upgrades to streamline operations.
Dusci noted that the infrastructure improvements are expected to facilitate a record final quarter for the financial year, offsetting the current weather-related delays and positioning the project for long-term growth.