Boss Energy Limited · ASX:BOE
Boss Energy — Boss Resources — Resources Rising Stars, May 2016
24 slides from Boss Energy's conference presentation, May 24, 2016
Slide 1: Honeymoon Uranium Project, South Australia
For personal use only Honeymoon Uranium Project, South Australia Near term production with substantial exploration upside in underexplored Uranium Province Resources Rising Stars, May 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 For personal use only Limited (“Boss”) or its respective employees, agents or consultants (Information) is provided
Slide 3: Highlights
HIGHLIGHTS For personal use only PERMITTED TARGET INFRASTRUCTURE LOW CAPEX Fully permitted Uranium Significant exploration target $170m plant and Unique option on Uranium price – operation (only 1 of 4 in Huge 80+ km potentially infrastructure in place operations can commence with Australia) mineral
Slide 4: Corporate Structure
CORPORATE STRUCTURE For personal use only Existing Shares (ASX:BOE) 855 million Share Price Movement Performance Rights* 40 million 0.07 0.06 Options ($0.02 Aug 18) 10 million 0.05 Cash (31 March 2016) ~ $2 million 0.04 0.03 Market Capitalisation (at $0.05) ~$40 million 0.02 0.01 Top 100 Shareholder
Slide 5: Honeymoon Transaction
HONEYMOON TRANSACTION For personal use only • Acquiring 80% of Uranium 1 Australia Pty Ltd (option to acquire 100%) - 20% free carried to DFS acquisition at independent valuation • Site access fee A$200,000 payable on signing HOA - PAID • A$2.48 million payable 3 months after signing SPA - PAID • A$
Slide 6: Directors
DIRECTORS For personal use only • 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 - Geol
Slide 7: Peer Comparison ASX Listed Stocks
PEER COMPARISON ASX LISTED STOCKS For personal use only Initial C1 Mining Resource Grade Mining Market Company Capex Costs Comments Permit mlb PPM Type Cap (AUD$) US$/lb Toro Energy (ASX:TOE) 315m ✗ 75.3 485 Bulk surface $106m 33 $29.5m invested by Sentient Vimey (Energy & Minerals) (ASX:VMY) 378m ✗
Slide 8: Australian Uranium Projects
AUSTRALIAN URANIUM PROJECTS For personal use only • 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 • Exploration target of up to 42-100 Mlb
Slide 9: Honeymoon Resource
HONEYMOON RESOURCE For personal use only Significant existing high-grade resources – highest grade amongst ASX listed peers 2016 Honeymoon Project Mineral Resource Covering the Honeymoon, East Kalkaroo , Brooks Dam and Goulds Dam Deposits Reported Above a preferred 250ppm U3O8 lower cut-off. Million
Slide 10: Honeymoon Uranium Project
HONEYMOON URANIUM PROJECT For personal use only • Located 75Km NW of Broken Hill, in the Curnamona Region of South Australia • Project contains the Honeymoon and Goulds Dam Resources, a high-grade sandstone hosted Uranium deposit amenable to insitu-leach mining techniques • Holdings include the gran
Slide 11: Eastern Tenements Exploration Potential
EASTERN TENEMENTS EXPLORATION POTENTIAL For personal use only • Global Honeymoon Resource of 52.5mlb U3O8, an 330% increase in resource since the project was acquired in December 2015 YARRAMBA • Regional exploration target of 11-25Mt between 380 and 1200 ppm NORTH U3O8 for between 18-47MLb of contai
Slide 12: Honeymoon Resource Significant Expansion Potential
HONEYMOON RESOURCE SIGNIFICANT EXPANSION POTENTIAL For personal use only 12
Slide 13: Resource Location
For personal use only 13 RESOURCE LOCATION
Slide 14: Typical Honeymoon Section
TYPICAL HONEYMOON SECTION Mineralisation within permeable Basal Eyre sands and gravels For personal use only • • Uranium mineralogy of acid-soluble uraninite, coffinite, and uranium phosphates • Mineralisation 115-125m below surface Namba Clay (~75m) Basal Clay (Seal) Basal Sand (Ore Horizon) Upper
Slide 15: ISL Process
ISL PROCESS For personal use only 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 pregna
Slide 16: Infrastructure
INFRASTRUCTURE For personal use only Production Bore Processing Facility Water treatment plant Control Room Settling Ponds Camp 16
Slide 17: Western Tenements Exploration Potential
WESTERN TENEMENTS EXPLORATION POTENTIAL For personal use only • 54 km potentially mineralised strike • Exploration target of 21-53Mt at between 480 and 1400ppm U3O8 for between 24 and 53MLB of U3O8. The Exploration Target is conceptual in nature as there has been insufficient exploration to define a
Slide 18: Milestones
MILESTONES ✓ Project Acquisition For personal use only – Lowest cost per lb acquisition in recent history ✓ Resource Upgraded – Total resource of 52.5mlb U3O8 @ 640ppm – representing a 330% increase in resource size since acquisition in December 2015 ✓ Option Study – Commence a process option study
Slide 19: Feasibility Planning Schedule
FEASIBILITY PLANNING SCHEDULE For personal use only Project Activities Q₂ 2016 Q₃ 2016 Q₄ 2016 End 2017 Resin Testing Option Study Initial Exploration Resource Upgrade - Jasons Expansion Feasibility 19
Slide 20: Market Demand: Global Reactor Growth & Uranium Demand
MARKET DEMAND GLOBAL REACTOR GROWTH & URANIUM DEMAND For personal use only • Global nuclear generation capacity will increase 70% over the next decade from 374,067MWe to 636,693MWe • 71 reactors under construction & 173 new reactors planned • Annual uranium demand will increase from 177mlbs to 280ml
Slide 21: Market: Nuclear Power – The Best Solution
MARKET NUCLEAR POWER – THE BEST SOLUTION For personal use only • Nuclear power provides the best solution for a non- Existing Nuclear Plants, Europe polluting 24:7 base load power source • Zero Carbon Emissions • Over 430 existing nuclear plants, focused in Europe, North America, Russia, South Korea
Slide 22: Market: Chinese Nuclear Generation 2012-2020
MARKET CHINESE NUCLEAR GENERATION 2012 - 2020 For personal use only • Between 2010 and 2013, China Annual purchased ~$15B of U3O8 Uranium Demand 80,000 Mwe Generation Capacity • China’s demand for U3O8 is forecast to increase over 19 times by 2020 45,000 40,000 MTU Mwe 22,000 MTU 13,995 Mwe 2,354 MT
Slide 23: Competitive Advantage Boss Resources
COMPETITIVE ADVANTAGE BOSS RESOURCES For personal use only TEAM ASSETS APPROVAL LICENCED Executives with project Honeymoon Uranium All approvals Only developed project management, development, asset in South Australia are in place in Australia which is fully financing, and operation Underestimated l
Slide 24: For personal use only
For personal use only Suite 23, 513 Hay Street Subiaco, WA 6008 +61 8 6143 6730 Grant Davey +61 (0) 447 753 163 www.bossresources.com.au