Boss Energy Limited · ASX:BOE
Boss Energy — Q2 2025 Earnings Presentation
19 slides from Boss Energy's earnings presentation, Jan 29, 2025
Slide 1: A global multi-mine Uranium producer
A global multi-mine Uranium producer Positioned to benefit from a rising Uranium market December 2024 Quarterly Results 29 January 2025 ASX: BOE | OTCQX: BQSSF bossenergy.com
Slide 2: Highlights
Boss Energy remains on track to deliver 850Klbs in FY2025 Highlights Further ramp up Key ramp up Strong Financial and growth milestones delivered Position initiatives underway • 137,084lbs of U3O8 drummed (up 53% • $252 million in cash and liquid assets, • Remain on track to deliver 850k lbs from Se
Slide 3: Production Results
Continued strong growth in quarterly production Production Results Honeymoon Quarterly Production lbs 250,000 • Strong quarter on quarter growth in IX production (96%) and U3O8 drummed (53%) 96%1 growth 200,000 • Key milestones delivered during quarter included: o Commissioning of Kiln 2 is finalise
Slide 4: Production Ramp Up
Key milestones and run rate already achieved - derisking delivery of 850Klbs Production Ramp Up Honeymoon daily 2H25 run rate (to achieve 850k lbs) lbs Operation of NIMCIX column 3 will increase 2QFY25 4,000 IX throughput capacity by a 50%. IX production rate Achieved required has already been consi
Slide 5: Growth
Growth
Slide 6: Exploration
Exploration focussed on increasing production rate and mine life Exploration “These satellite deposits have the potential to drive growth as well as enabling us to leverage existing infrastructure and further capitalise on the opportunity presented by growing global demand for uranium from tier-one
Slide 7: Alta Mesa
Alta Mesa continues to ramp up to nameplate capacity of 1.5 million pounds Alta Mesa • On the 8th October 2024, enCore Energy Corp. announced the grand opening celebration of the Alta Mesa Uranium Plant with George W. Bush, the 43rd President of the United States • Alta Mesa’s first IX circuit was c
Slide 8: Market Update
Market Update
Slide 9: Market Update
Boss Energy well positioned to benefit from rising Long-Term price Market Update US$ 160 • Trump administration promises deregulation and streamlined approval processes, including the 140 Stargate Project, a $500 billion AI infrastructure venture 120 • News of increasing demand from data centres, wi
Slide 10: Financials
Financials
Slide 11: Financial Position
Strong financial position with $252 million in cash and liquid assets Financial Position Quarter ended Unit December September • Balance Sheet remains robust with circa $252 million in cash and liquid investments on hand and Sales Lbs 200,000 200,000 no debt. An increase of $6.7 million since Septem
Slide 12: Guidance
Cost guidance for 2H25 indicates a high margin business competitively positioned on the cost curve Guidance 2H FY2025 Cash cost expected to reduce in future years as fixed costs Honeymoon Guidance1 Unit are fractionalised by increased production (AUD) (USD)2 Production Lbs (000’s) 625 625 Cash cost
Slide 13: Appendices
Appendices
Slide 14: Appendix 1: Quarterly Cashflow bridge
Appendix 1: Quarterly Cashflow bridge $000's 100,000 25,244 90,000 80,000 (7,545) (967) 70,000 (9,535) 66,551 1,669 65,177 (4,341) (3,536) 60,000 (2,363) 50,000 40,000 30,000 20,000 10,000 - Opening Receipts Honeymoon Honeymoon Honeymoon Alta Mesa G&A Exploration Other Closing Cash from Operating We
Slide 15: Appendix 2: Physicals Summary
Appendix 2: Physicals Summary Honeymoon Unit 2Q FY25 1Q FY25 IX Flow (total)1 m3 861,204 729,299 PLS to IX tenor U3O8 mg/l 116 71 IX Recovery % 97.8 97.2 1 IX Production (total) lbs 215,319 110,050 U3O8 Drummed (total) lbs 137,084 89,516 Notes: 1. Conversions: There are 1,000 litres per m3 and 0.000
Slide 16: Appendix 3: Guidance definitions
Appendix 3: Guidance 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 vari
Slide 17: 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 18: 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 19: Boss Energy Limited December 2024 Quarterly Results
Boss Energy Limited December 2024 Quarterly Results Keep in touch +61 (8) 6263 4494 boss@bossenergy.com ASX: BOE | OTCQX: BQSSF