Boss Energy Limited · ASX:BOE
Boss Energy — Q3 FY2025 Earnings Presentation
21 slides from Boss Energy's earnings presentation, Apr 29, 2025
Slide 1: A global multi-mine Uranium producer
A global multi-mine Uranium producer Honeymoon generates first free cashflow on highly successful ramp up and strong margins March 2025 Quarterly Results 29 April 2025 ASX: BOE | OTCQX: BQSSF bossenergy.com
Slide 2: Highlights
Boss remains on track to deliver production and cost guidance Highlights Key ramp up Strong Financial Further ramp up milestones delivered Position and growth initiatives underway • Remain on track to deliver 850k lbs of • $229 million in cash and liquid assets, • Continued Honeymoon drilling and U3
Slide 3: Production and Cost
Production and Cost
Slide 4: Honeymoon Production Results
Strong quarterly production growth keeps Boss on track to meet guidance Honeymoon Production Results HONEYMOON QUARTERLY PRODUCTION HONEYMOON PRODUCTION (3Q25) lbs (000’s) • Delivered strong quarterly growth in U3O8 drummed of 159K lbs 350 (116%) and growth in IX production of 32K lbs (15%) as compa
Slide 5: Cost update
C1 Cost below guidance. First quarter of positive free cash flow for Honeymoon Cost update Cash cost of $33/lb (US$21/lb) March Q3 2H FY2025 Honeymoon Costs (AUD)1 Unit reflects strong operational FY2025 (Actual) (Guidance provided) performance. Honeymoon free Cash Cost – Fixed $/lb 21 22-24 cashflo
Slide 6: Alta Mesa
Alta Mesa continues to ramp up to nameplate capacity of 1.5 million pounds Alta Mesa • Production during the quarter from the Alta Mesa, a Joint Venture with enCore Energy (Boss ownership of 30%), totalled 98K lbs of U3O8 (on a 100% basis). • Alta Mesa continues its ramp up with 50,000 lbs U3O8 capt
Slide 7: Growth
Growth
Slide 8: Growth pipeline
Continued to grow Boss’ growth pipeline whilst remaining disciplined on capital Growth pipeline Boss Energy - Australian exploration 19.7% Shareholder of Laramide Resources South Australia Northern Territory Queensland & Northern Territory United States & Kazakhstan • Gould’s Dam and Jasons satellit
Slide 9: Market Update
Market Update
Slide 10: Market Update
Boss Energy well positioned to benefit from rising Long-Term price Market Update • The first quarter of 2025 has been US$ characterised by uncertainty created by several 160 factors. Some of the most significant of these are sanctions on Russian uranium, how they 140 will be treated and potential ta
Slide 11: Financials
Financials
Slide 12: Financial Position
Strong financial position with $229 million in cash and liquid assets Financial Position Quarter ended Unit March December September • Honeymoon recorded its first quarter of positive free cash flow. Sales Lbs 150,000 200,000 200,000 • Balance Sheet remains robust with circa $229 Loan repayment Lbs
Slide 13: Summary
Summary
Slide 14: Summary
Boss continues to deliver guidance and pursue disciplined growth opportunities Summary • $229 million in cash and liquid assets Strong Balance Sheet • Honeymoon has become free cash flow positive in its first year of ramp up • Production: On track to meet production guidance of 850k lbs in FY25. On
Slide 15: Appendices
Appendices
Slide 16: Appendix 1: Quarterly Cashflow bridge
Appendix 1: Quarterly Cashflow bridge $000's 120,000 100,000 16,180 16,583 (9,867) 80,000 (5,000) (3,866) 65,177 (6,544) 3,585 63,773 (6,383) 60,000 (6,091) 40,000 20,000 - Opening Receipts enCore Honeymoon Honeymoon Honeymoon Alta Mesa G&A Exploration Other Closing Cash from Loan Operating Wellfiel
Slide 17: Appendix 2: Physicals Summary
Appendix 2: Physicals Summary Honeymoon Unit 3Q FY25 2Q FY25 1Q FY25 IX Flow (total)1 m3 1,088,704 861,204 729,299 U 3O 8 PLS to IX tenor 108 116 71 mg/l IX Recovery % 95.5 97.8 97.2 IX Production (total)1 lbs 246,869 215,319 110,050 U3O8 Drummed (total) lbs 295,815 137,084 89,516 Notes: 1. Conversi
Slide 18: Appendix 3: Cost definitions
Appendix 3: Cost definitions Cash cost fixed: Reflects onsite processing fixed costs such as labour, insurance, camp, maintenance, laboratory, site general and administration costs. It also includes the fixed component of other costs (e.g. power has a fixed network connection fee) Cash cost variable
Slide 19: Honeymoon and Alta Mesa Resource Tables
Honeymoon and Alta Mesa Resource Tables HONEYMOON JORC EXPLORATION TARGETS AND MINERAL RESOURCE ALTA MESA NI 43-101 MINERAL RESOURCE ESTIMATE (2023) The information in this Presentation relating to the Enhanced Feasibility Study (EFS) is extracted from the announcement For the purposes of Listing Ru
Slide 20: Disclaimer and Important Notices
Disclaimer and Important Notices IMPORTANT: You must read the following before continuing. The Company advises that the EFS uses a portion of Inferred Resources in the first 3 years (less than 1%), in the first 5 years(5%) and over the 11-year life of mine(19%). The Company confirms that the use of
Slide 21: Boss Energy Limited March 2025 Quarterly Results
Boss Energy Limited March 2025 Quarterly Results Keep in touch +61 (8) 6263 4494 boss@bossenergy.com ASX: BOE | OTCQX: BQSSF