Boss Energy Limited · ASX:BOE
Boss Energy — Boss Resources — Diggers & Dealers 2016
25 slides from Boss Energy's conference presentation, Aug 2, 2016
Slide 1: Honeymoon Uranium Project - Diggers & Dealers Presentation
HONEYMOON URANIUM PROJECT South Australia For personal use only DIGGERS & DEALERS PRESENTATION August 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 Limited (“Boss”) or its respective employees, agents or consultants (Information) is provided to the recipients on t
Slide 3: Why Uranium? Nuclear Power: The Best Solution
WHY URANIUM? Nuclear Power: The Best Solution For personal use only • Nuclear power provides the best solution for a non- polluting 24:7 base load power source • Zero Carbon Emissions • Over 440 existing nuclear plants, focused in Europe, North America, Russia, South Korea and Japan • 1.7 billion of
Slide 4: Climate Change Requires Nuclear Energy Involvement
CLIMATE CHANGE REQUIRES NUCLEAR ENERGY For personal use only INVOLVEMENT “There’s really only one technology that we know of that supplies carbon-free power at the scale modern civilization requires, and that is nuclear power” - Ken Caldeira of Stanford University’s Department of Global Ecology
Slide 5: Market Demand: Global Reactor Growth
MARKET DEMAND Global Reactor Growth For personal use only • Global nuclear generation capacity will increase 70% over the next decade from 374,067MWe to 636,693MWe • Annual uranium demand will increase from 177mlbs to 280mlbs by 2020, representing a 58% increase • Additional 390mlbs will be needed f
Slide 6: China
CHINA For personal use only 223 million pounds U3O8 since 2009 Breaking ground on 6-8 new units per year (increasing to 10 per year post-2020) Air Quality Imperative – Moratorium on new coal plants CURRENT NUCLEAR GROWTH PLAN 2020 58GWe 2025 97GWe 2040 160GWe
Slide 7: India
INDIA For personal use only Official Plan – 15 Gwe installed by 2025 Uranium buying spree (long term contracts) – Canada, Kazakhstan, Uzbekistan Establishment of “Strategic Uranium Reserve” of between 13 and 39 million lbs. U3O8 21 6 4 REACTORS OPERATING UNDER CONSTRUCTION PLANNED With installed cap
Slide 8: Japan
JAPAN For personal use only 20-22% NUCLEAR POWER PLANNED Government approved plans are for 20%-22% from nuclear power 26 5 4 APPLICATIONS APPROVED RESTARTED NRA has received 26 reactor Five reactors approved Four reactors have restart applications for restart started
Slide 9: Corporate Structure
CORPORATE STRUCTURE Shareholder Breakdown For personal use only 14% Directors & Related Parties Existing Shares (ASX:BOE) 886 million Performance Rights* 40 million 12% Offshore Holdings Options ($0.02 Aug 18) 10 million 4% Nominee Companies Cash (30 June 2016) ~ $3 million Market Capitalisation ~$4
Slide 10: Honeymoon Highlights
HONEYMOON HIGHLIGHTS For personal use only PERMITTED TARGET INFRASTRUCTURE LOW CAPEX Fully permitted Significant exploration target $170m plant and Unique option on Uranium Uranium operation Huge 80+ km potentially infrastructure in place price – operations can (only 1 of 4 in Australia) mineralised
Slide 11: Peer Comparison: ASX Listed Stocks
PEER COMPARISON ASX LISTED STOCKS For personal use only Initial Market $ Mining Resource Mining C1 Costs Company Capex Grade PPM Cap Resource Permit Mlb Type US$/lb (AUD$) (AUD$) Valuation Bulk Toro Energy (ASX:TOE) 315m ✗ 84 482 surface 100m 1.94 31 Vimy (Energy & Minerals) (ASX:VMY) 378m ✗ 76.2 52
Slide 12: Peer Comparison: North American Listed Stocks
PEER COMPARISON NORTH AMERICAN LISTED STOCKS For personal use only Initial US$ Mining Resource Mining Market C1 Costs Company Capex Grade PPM Resource Permit Mlb Type Cap (US$) US$/lb (US$) Valuation Uranium Energy Corp. (NY: UEC) Production ✓ 75 ISL 114m 5.40 16.27 ISL & Hard Energy Fuels (TSX:EFR)
Slide 13: 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 14: Australian Uranium Projects
AUSTRALIAN URANIUM PROJECTS For personal use only HONEYMOON • 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 • Targeting >100mlbs resource
Slide 15: Honeymoon Resource
HONEYMOON RESOURCE SIGNIFICANT EXISTING HIGH GRADE RESOURCES – HIGHEST GRADE AMONGST ASX LISTED PEERS For personal use only 2016 Honeymoon Project Mineral Resource Covering the Eastern and Western Tenement Regions. Reported Above a preferred 250ppm U3O8 lower cut-off Million U3O8 Contained U3O8 Cont
Slide 16: Honeymoon Uranium Project
HONEYMOON URANIUM PROJECT For personal use only • Located 75Km NW of Broken Hill, in the Curnamona Region of South Australia • Resources amenable to ISL recovery • Mineralisation occurs at 90-120m depth • Over 2,500 drill holes in data base • Multiple styles of uranium mineralisation identified 16
Slide 17: Eastern Tenements Exploration Potential
EASTERN TENEMENTS EXPLORATION POTENTIAL For personal use only • Eastern Tenement Resource of 32.8Mlb U3O8 • Additional regional exploration target of 18-47Mlb of YARRAMBA NORTH contained U3O8 on Eastern Tenements. JASONS LAWLORS • 30 km of potentially mineralised strike • Drill ready targets - histo
Slide 18: Resource Location: Significant Exploration Potential
RESOURCE LOCATION SIGNIFICANT EXPLORATION POTENTIAL For personal use only 18
Slide 19: Sections: Typical Honeymoon Section
SECTIONS TYPICAL HONEYMOON SECTION For personal use only • Mineralisation within permeable Basal Eyre sands and gravels • Uranium mineralogy of acid-soluble uraninite, coffinite, and Namba Clay uranium phosphates (~75m) Basal Clay (Seal) • Mineralisation 115-125m below surface Basal Sand (Ore Horizo
Slide 20: 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 21: Infrastructure
INFRASTRUCTURE For personal use only Production Bore Processing Facility Water treatment plant Control Room Settling Ponds Camp 21
Slide 22: Western Tenements Exploration Potential
WESTERN TENEMENTS EXPLORATION POTENTIAL For personal use only • Western Tenement Resource of 25Mlb • 54 km potentially mineralised strike • Exploration target of 21-53Mt at between 480 and 1500ppm U3O8 for between 24 and 53MLB of U3O8. The Exploration Target is conceptual in nature as there has been
Slide 23: Milestones
MILESTONES For personal use only ✓ Project Acquisition Lowest cost per lb acquisition in recent history ✓ Resource Upgraded Total resource of 57.8Mlb U3O8 @ 654ppm – 3.5 times the resource at acquisition in December 2015 FEASIBILITY PLANNING SCHEDULE ✓ Option Study Commence a process option study SX
Slide 24: Competitive Advantage
COMPETITIVE ADVANTAGE BOSS RESOURCES For personal use only TEAM ASSETS APPROVAL LICENCED Executives with project Honeymoon Uranium All Only developed project management, asset in South Australia approvals in Australia which is fully development, financing, Underestimated are in place licensed and ab
Slide 25: Contact
For personal use only Grant Davey Suite 23, 513 Hay Street +61 (0) 447 753 163 Subiaco, WA 6008 www.bossresources.com.au +61 8 6143 6730