Sundance Resources — Boss Resources — Diggers & Dealers 2016
25 slides from Sundance Resources's conference presentation, August 2016
Slide 1: Honeymoon Uranium Project - Diggers & Dealers Presentation
HONEYMOON URANIUM PROJECT South Australia DIGGERS & DEALERS PRESENTATION August 2016
Slide 2: Disclaimer
DISCLAIMER The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of Boss Resources Limited (“Boss”) or its respective employees, agents or consultants (Information) is provided to the recipients on t
Slide 3: Why Uranium?
WHY URANIUM? Nuclear Power: The Best Solution • Nuclear power provides the best solution for a non- polluting 24:7 base load power source • Zero Carbon Emissions • Over 440 existing nuclear plants, focused in Europe, North America, Russia, South Korea and Japan • 1.7 billion of the world’s populatio
Slide 4: Climate Change Requires Nuclear Energy Involvement
CLIMATE CHANGE REQUIRES NUCLEAR ENERGY INVOLVEMENT “There’s really only one technology that we know of that supplies carbon-free power at the scale modern civilization requires, and that is nuclear power” - Ken Caldeira of Stanford University’s Department of Global Ecology
Slide 5: Market Demand
MARKET DEMAND Global Reactor Growth • Global nuclear generation capacity will increase 70% over the next decade from 374,067MWe to 636,693MWe • Annual uranium demand will increase from 177mlbs to 280mlbs by 2020, representing a 58% increase • Additional 390mlbs will be needed for new initial cores 6
Slide 6: China
CHINA 223 million pounds U3O8 since 2009 Breaking ground on 6-8 new units per year (increasing to 10 per year post-2020) Air Quality Imperative – Moratorium on new coal plants CURRENT NUCLEAR GROWTH PLAN 2020 58GWe 2025 97GWe 2040 160GWe
Slide 7: India
INDIA Official Plan – 15 Gwe installed by 2025 Uranium buying spree (long term contracts) – Canada, Kazakhstan, Uzbekistan Establishment of “Strategic Uranium Reserve” of between 13 and 39 million lbs. U3O8 21 6 4 REACTORS OPERATING UNDER CONSTRUCTION PLANNED With installed capacity of Capacity of 6
Slide 8: Japan
JAPAN 20-22% NUCLEAR POWER PLANNED Government approved plans are for 20%-22% from nuclear power 26 5 4 APPLICATIONS APPROVED RESTARTED NRA has received 26 reactor Five reactors approved Four reactors have restart applications for restart started
Slide 9: Corporate Structure
CORPORATE STRUCTURE Shareholder Breakdown 14% Directors & Related Parties Existing Shares (ASX:BOE) 886 million Performance Rights* 40 million 12% Offshore Holdings Options ($0.02 Aug 18) 10 million 4% Nominee Companies Cash (30 June 2016) ~ $3 million Market Capitalisation ~$44 million 70% High Net
Slide 10: Honeymoon Highlights
HONEYMOON HIGHLIGHTS PERMITTED TARGET INFRASTRUCTURE LOW CAPEX Fully permitted Significant exploration target $170m plant and Unique option on Uranium Uranium operation Huge 80+ km potentially infrastructure in place price – operations can (only 1 of 4 in Australia) mineralised strike commence with
Slide 11: Peer Comparison - ASX Listed Stocks
PEER COMPARISON ASX LISTED STOCKS Initial Market $ Mining Resource Mining C1 Costs Company Capex Grade PPM Cap Resource Permit Mlb Type US$/lb (AUD$) (AUD$) Valuation Bulk Toro Energy (ASX:TOE) 315m ✗ 84 482 surface 100m 1.94 31 Vimy (Energy & Minerals) (ASX:VMY) 378m ✗ 76.2 520 Surface 73.6m 1.06 3
Slide 12: Peer Comparison - North American Listed Stocks
PEER COMPARISON NORTH AMERICAN LISTED STOCKS Initial US$ Mining Resource Mining Market C1 Costs Company Capex Grade PPM Resource Permit Mlb Type Cap (US$) US$/lb (US$) Valuation Uranium Energy Corp. (NY: UEC) Production ✓ 75 ISL 114m 5.40 16.27 ISL & Hard Energy Fuels (TSX:EFR) Production ✓ 131.6 97
Slide 13: Directors
DIRECTORS • Mark Hohnen Chairman Mr Hohnen has extensive international business experience in a wide range of industries. He is currently a Board member of Swakop Uranium and was the founding Executive Chairman of Kalahari Minerals Plc. • Marat Abzalov Executive Director - Geology Dr Abzalov has a P
Slide 14: Australian Uranium Projects
AUSTRALIAN URANIUM PROJECTS HONEYMOON • One of the highest grade un- mined uranium resources in Australia • 1 of 4 fully permitted uranium projects in Australia (3 in South Australia) • Curnamona Basin – a significant underexplored uranium province • Targeting >100mlbs resource • Currently on care a
Slide 15: Honeymoon Resource
HONEYMOON RESOURCE SIGNIFICANT EXISTING HIGH GRADE RESOURCES – HIGHEST GRADE AMONGST ASX LISTED PEERS 2016 Honeymoon Project Mineral Resource Covering the Eastern and Western Tenement Regions. Reported Above a preferred 250ppm U3O8 lower cut-off Million U3O8 Contained U3O8 Contained U3O8 Classificat
Slide 16: Honeymoon Uranium Project
HONEYMOON URANIUM PROJECT • Located 75Km NW of Broken Hill, in the Curnamona Region of South Australia • Resources amenable to ISL recovery • Mineralisation occurs at 90-120m depth • Over 2,500 drill holes in data base • Multiple styles of uranium mineralisation identified 16
Slide 17: Eastern Tenements - Exploration Potential
EASTERN TENEMENTS EXPLORATION POTENTIAL • Eastern Tenement Resource of 32.8Mlb U3O8 • Additional regional exploration target of 18-47Mlb of YARRAMBA NORTH contained U3O8 on Eastern Tenements. JASONS LAWLORS • 30 km of potentially mineralised strike • Drill ready targets - historical drilling shows n
Slide 18: Resource Location
RESOURCE LOCATION SIGNIFICANT EXPLORATION POTENTIAL 18
Slide 19: Sections
SECTIONS TYPICAL HONEYMOON SECTION • Mineralisation within permeable Basal Eyre sands and gravels • Uranium mineralogy of acid-soluble uraninite, coffinite, and Namba Clay uranium phosphates (~75m) Basal Clay (Seal) • Mineralisation 115-125m below surface Basal Sand (Ore Horizon) Upper Eyre Formatio
Slide 20: ISL Process
ISL PROCESS Process Flow An acidic leach solution containing an oxidant is pumped through injection wells into uranium-bearing solution. The solution migrates through the strata sands oxidising and mobilising uranium as a soluble complex. The solution, now referred to as pregnant leach solution (PLS
Slide 21: Infrastructure
INFRASTRUCTURE Production Bore Processing Facility Water treatment plant Control Room Settling Ponds Camp 21
Slide 22: Western Tenements - Exploration Potential
WESTERN TENEMENTS EXPLORATION POTENTIAL • Western Tenement Resource of 25Mlb • 54 km potentially mineralised strike • Exploration target of 21-53Mt at between 480 and 1500ppm U3O8 for between 24 and 53MLB of U3O8. The Exploration Target is conceptual in nature as there has been insufficient explorat
Slide 23: Milestones
MILESTONES ✓ Project Acquisition Lowest cost per lb acquisition in recent history ✓ Resource Upgraded Total resource of 57.8Mlb U3O8 @ 654ppm – 3.5 times the resource at acquisition in December 2015 FEASIBILITY PLANNING SCHEDULE ✓ Option Study Commence a process option study SX, IX, Project Activiti
Slide 24: Competitive Advantage
COMPETITIVE ADVANTAGE BOSS RESOURCES TEAM ASSETS APPROVAL LICENCED Executives with project Honeymoon Uranium All Only developed project management, asset in South Australia approvals in Australia which is fully development, financing, Underestimated are in place licensed and able to be and operation
Slide 25: Contact - Grant Davey
Grant Davey Suite 23, 513 Hay Street +61 (0) 447 753 163 Subiaco, WA 6008 www.bossresources.com.au +61 8 6143 6730