Boss Energy Limited · ASX:BOE
Boss Energy — Shareholder Meeting (November 2025)
26 slides from Boss Energy's shareholder meeting presentation, Nov 20, 2025
Slide 1: Chair's Address and Managing Director's Presentation to the 2025 AGM
ASX Release 20 November 2025 Chair’s Address and Managing Director’s Presentation to the 2025 Annual General Meeting Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) provides the: - Chair’s Address; and - Managing Director’s Presentation In respect of the Annual General Meeting of Boss Energy, to be hel
Slide 2: Chair's Address
Chair’s Address Good morning, and on behalf of the Boss Energy Board, I would like to welcome you to the 2025 Annual General Meeting of Boss shareholders. My name is Wyatt Buck, and I am the Non-Executive Chair of the Company and Chair of this meeting. On behalf of the Company, I would like to ackno
Slide 3: Chair's Address (continued)
Duncan made an outstanding contribution to Boss over the past eight and a half years, leading the Company from a micro-cap developer to one of the few uranium producers in Australia. We again extend our thanks to Duncan for his leadership. Effective 1 October 2025, Matt Dusci was appointed Managing
Slide 4: A global multi-mine Uranium producer - 2025 Annual General Meeting
For personal use only A global multi-mine Uranium producer 2025 Annual General Meeting 20 November 2025 ASX: BOE | OTCQX: BQSSF bossenergy.com
Slide 5: Our Company
For personal use only Our Company Boss Energy | A global multi-mine Uranium producer 2
Slide 6: Boss has expanded its portfolio of assets
Boss has expanded its portfolio of assets Our Business For personal use only Uniquely positioned with operating assets….. …. and organic growth and value creation opportunities Alta Mesa JV Honeymoon Operation Goulds Dam & Jasons Laramide Resources Exploration Operation (30%) Production Study + Perm
Slide 7: Boss is well positioned to self-fund growth opportunities
Boss is well positioned to self-fund growth opportunities Financial Strength SUSTAINING MARGIN (AUD/lb)1 For personal use only Strong Financial Position 65 A$212 million in cash and liquid assets2 A$48 million in cash2 67 1.44M lbs held in Uranium Inventory2 Recorded sales and loan repayments of $57
Slide 8: Short term guidance met but future uncertainty identified
Short term guidance met but future uncertainty identified Achievements and Challenges • Became Australia’s third uranium mine currently operating For personal use only Delivering to • Delivered Yr 1 guidance of 850klbs and C1 cost guidance guidance On track Yr 2 guidance of 1.6Mlbs at C1 cost of $41
Slide 9: The Uranium Market
For personal use only The Uranium Market Boss Energy | A global multi-mine Uranium producer 6
Slide 10: Uranium market fundamentals continue to strengthen with price and government support
Uranium market fundamentals continue to strengthen with price and government support Uranium Market U3O8 SPOT PRICE AND TERM PRICE (US$/lb)1 For personal use only US$ 150 125 Long term fundamentals are as strong as they have been 100 for past decades as the term price continues to rise with a 75 for
Slide 11: Our Honeymoon Operation
For personal use only Our Honeymoon Operation Boss Energy | A global multi-mine Uranium producer 8
Slide 12: Record drummed production keeps Boss on track to meet FY26 Guidance
Record drummed production keeps Boss on track to meet FY26 Guidance Honeymoon Production Results HONEYMOON QUARTERLY PRODUCTION For personal use only Production results in line with expectations which demonstrates strong short-term understanding lbs 450,000 400,000 Strengthened operational capabilit
Slide 13: Costs below guidance generating robust cash margins
Costs below guidance generating robust cash margins Cost Performance HONEYMOON QUARTERLY AISC AND REALISED PRICE For personal use only A$/lb 150 C1 cost for 2HFY25 of $35/lb below guidance of $37- 114 $41/lb 100 50 50 AISC 1QFY26 of $50/lb vs FY26 guidance of $64-$70/lb 0 C1 1QFY26 of $34/lb vs FY26
Slide 14: Optimisation and improvement initiatives underway
Optimisation and improvement initiatives underway Maximising and Optimising For personal use only Challenging ourselves on how we can do things better – it is becoming who we are Site team is proactive and proud to see results of optimisation and improvement initiatives Multiple programs/ opportunit
Slide 15: Our Alta Mesa Operation
For personal use only Our Alta Mesa Operation Boss Energy | A global multi-mine Uranium producer 12
Slide 16: Alta Mesa JV continues to bring on new wellfields
Alta Mesa JV continues to bring on new wellfields Alta Mesa JV ALTA MESA JV QUARTERLY PRODUCTION (100%)1 For personal use only Drummed Total drummed production during FY25 of 434Klbs (100% (lbs U3O8) basis) 250,000 Record drummed for Q1 FY26 of 206klbs (100% basis) 200,000 150,000 Pursuing opportuni
Slide 17: Our Financial Strength
For personal use only Our Financial Strength Boss Energy | A global multi-mine Uranium producer 14
Slide 18: Boss is well positioned to self-fund ramp up and growth opportunities
Boss is well positioned to self-fund ramp up and growth opportunities Financial Strength For personal use only Sales and Inventory Q1 FY26 FY25 Sales lbs 400,000 650,000 Recorded $92.3M of sales and loan repayments in the first Loan repayment lbs 100,000 100,000 year of production at Honeymoon Sales
Slide 19: The Honeymoon Operational Review
For personal use only The Honeymoon Operational Review Boss Energy | A global multi-mine Uranium producer 16
Slide 20: Honeymoon Review to understand the Resource and Wellfield variance to EFS
Honeymoon Review to understand the Resource and Wellfield variance to EFS Honeymoon Review For personal use only Honeymoon Review1 commenced to due to: • Mineral resource and grade continuity • Wellfield performance associated with leachability Issue identified as part of FY26 budgeting process and
Slide 21: Accelerated delineation drilling for resource input
Accelerated delineation drilling for resource input Resource Delineation For personal use only Commenced an accelerated resource delineation drilling program at Honeymoon Increase resource confidence and provide a better definition of the mineable resource Drill spacing will tighten to ~35m x ~35m T
Slide 22: Accelerating our activities on satellite deposits
Accelerating our activities on satellite deposits Satellite Deposits For personal use only Accelerating workstream on satellite deposits to bring into production and leverage existing infrastructure Key workstreams including; • Resource extension and delineation drilling • Technical studies • Permit
Slide 23: Summary
For personal use only Summary Boss Energy | A global multi-mine Uranium producer 20
Slide 24: Significant achievements made but recognise the challenges
Significant achievements made but recognise the challenges Summary For personal use only Delivered first year production and cost guidance and on track for delivery of FY26 Guidance Credit to the team for successfully achieving these outcomes Accelerating key workstreams, including unlocking the sat
Slide 25: Disclaimer and Important Notices
Disclaimer and Important Notices IMPORTANT: You must read the following before continuing. EFFECT OF ROUNDING This investor presentation (“Presentation”) has been prepared by Boss Energy Limited (ACN 116 834 336) (Boss Energy or A number of figures, amounts, percentages, estimates, calculations of v
Slide 26: 2025 Annual General Meeting - Keep in touch
For personal use only 2025 Annual General Meeting Keep in touch +61 (8) 6263 4494 boss@bossenergy.com ASX: BOE | OTCQX: BQSSF