Boss Energy Limited · ASX:BOE
Boss Energy — Diggers and Dealers 2024
25 slides from Boss Energy's conference presentation, Aug 6, 2024
Slide 1: An international multi-mine Uranium producer
For personal use only An international multi-mine Uranium producer Positioned to benefit from a rising Uranium market Diggers and Dealers 6 August 2024 ASX: BOE | OTCQX: BQSSF bossenergy.com
Slide 2: 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 3: Honeymoon Uranium Mine History
Building mines takes time….Honeymoon took half a century from discovery to being a commercially viable mine… Honeymoon Uranium Mine History For personal use only Boss Energy | An international multi-mine Uranium producer 3
Slide 4: It's all about timing
It’s all about timing. Strategic Horizons Boss has delivered two producing mines and has a market capital growth of $1.3B and zero debt For personal use only Vision & Strategy Foundation & Development Organic Growth Mergers & Acquisitions - Be Australia’s Next Uranium - Proven Board & Management - F
Slide 5: A disciplined approach to raising capital
A disciplined approach to raising capital. Out of $443 million raised, $272 million remains in cash and liquid assets 1 Shareholder returns Jun 22:Final Jul 24: Alta Mesa Investment restarts For personal use only Sep 16: Scoping Nov 17: Field Jan 20: Jun 21:Enhanced Jan 24: Acquires study complete L
Slide 6: Honeymoon Restart
Previous produced and sold U308 globally Honeymoon Restart For personal use only Uranium Mine Site
Slide 7: RO and Water Treatment Plant
For personal use only Boss Energy | Australia’s Next Clean Energy Producer RO and Water Treatment Plant 7 7
Slide 8: In-Situ Recovery (ISR) Mining
ISR is a proven cost-effective uranium extraction process with reduced environmental impact relative to traditional mining In-Situ Recovery (ISR) Mining For personal use only - ISR accounts for ~ 60% global uranium mined, used in Australia, Kazakhstan, USA - ESG friendly mining method - unlike conve
Slide 9: Wellfield construction materials installed
Wellfield construction electrical, instrumentation, and piping materials on site has been installed Wellfield construction electrical, instrumentation, and piping materials on site and being installed For personal use only Boss Energy | Australia’s Next Clean Energy Producer 9 9
Slide 10: Barren Leach Solution / Pregnant Leach Solution Ponds
For personal use only Barren Leach Solution / Pregnant Leach Solution Ponds Boss Energy | An international multi-mine Uranium producer 10
Slide 11: Removing redundant Solvent Extraction pulse columns
For personal use only Boss owned 400T crane removing redundant Solvent Extraction pulse columns Boss Energy | Australia’s Next Clean Energy Producer 11 11
Slide 12: First NIMCIX elution column entering site
For personal use only First NIMCIX elution column entering Honeymoon uranium mine site Boss Energy | Australia’s Next Clean Energy Producer 12 12
Slide 13: Gypsum Pond Earthworks and First IX Column Lift
Gypsum Pond Earthworks First IX Column Lift Wellfield construction electrical, instrumentation, and piping materials on site and being installed For personal use only Boss Energy | Australia’s Next Clean Energy Producer 13 13
Slide 14: Each NIMCIX column contribution
Each NIMCIX column contributes 35-45,000 lbs U308 per month Annualised basis each columns contributes 420-540,000 lbs U308 For personal use only Finer details are set out in the published Feasibility Studies Boss Energy | An international multi-mine Uranium producer 14
Slide 15: Ramp-up running ahead of Feasibility Study schedule
Ramp-up running ahead of Feasibility Study schedule, with 57,364lbs of U308 produced by June 30, 2024; Construction of NIMCIX columns 2 and 3 almost complete, paving way for ongoing production increases Boss set to ship first U308 from Honeymoon For personal use only Figure 1: Drummed uranium ready
Slide 16: High grade uranium eluate ready for drying and packing
For personal use only High grade uranium eluate ready for drying and packing Boss Energy | An international multi-mine Uranium producer 16
Slide 17: Honeymoon JORC Resources and Exploration Target
A further defined 36Mlbs sits outside of the Mining Licence Substantial Exploration Target of 58Mlbs to 190Mlbs at grades up to 1,080ppm U3O8 First Quantum Earn-in arrangement for discovery of copper JORC Resources ~ 71.6Mlb U308 For personal use only Boss Energy | An international multi-mine Uraniu
Slide 18: Honeymoon Exploration Potential
Substantial Exploration Target of 58Mlbs to 190Mlbs at grades up to 1,080ppm U3O81 Honeymoon Exploration Potential For personal use only - Following strong infill drilling results Boss is undertaking technical and economic studies on developing the satellite deposits as an additional production sour
Slide 19: Alta Mesa ISR Uranium project
High grade 1,200ppm ISR project in a Tier 1 jurisdiction with significant potential for growth Alta Mesa ISR Uranium project ALTA MESA PROCESSING FACILITY - Located in South Texas – a prolific US district for sandstone-hosted ISR For personal use only production with historic production of ~80Mlb1 -
Slide 20: Alta Mesa Exploration Potential
Large ~200,000 acres of underexplored land package in a prolific uranium region Alta Mesa Exploration Potential For personal use only - Large underexplored land package totaling ~200,000 acres (~800sqkm) - Uranium mineralisation occurs locally as roll-front deposits hosted in porous and permeable st
Slide 21: Global Uranium Platform in Tier 1 Locations
An International multi-mine ISR producer in Two tier One locations Global Uranium Platform in Tier 1 Locations HONEYMOON (100% ownership): 2.45Mlbs U308 p.a. ALTA MESA (30% ownership): 1.5Mlbs U308 p.a. For personal use only South Australia First drum produced Texas First drum expected Texas Alta Me
Slide 22: Leading Development and Operating Experience
Partnership combines experience in development, commissioning and operating mining projects globally Leading Development and Operating Experience BOSS ENERGY For personal use only Wyatt Buck (Chair) Duncan Craib (CEO and MD) Jan Honeyman (NED) Bryn Jones (NED) • GM of McArthur River Uranium Mine • F
Slide 23: Contracting activity and strategy
Uranium prices have never been this high at the start of a contracting cycle Contracting activity and strategy Boss has entered into two For personal use only binding sales agreement to sell 1.8Mlbs U308 to major European / US power utilities over 8yrs from 2024 to 2032 Boss has ~$270m in liquid Alt
Slide 24: 4 Key Uranium Industry Considerations
Uranium prices are trading at 16-year highs ~ Term US$80/ lb U308 4 Key Uranium Industry Considerations 1 Supply to 2030 is tight across the cycle, and if Russia cuts supply to the US in response For personal use only Supply is tight to US sanctions this would put immediate upward pressure on price.
Slide 25: Keep in touch
For personal use only Keep in touch +61 (8) 6263 4494 boss@bossenergy.com ASX: BOE | OTCQX: BQSSF