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 Investor presentation, March 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 100mlb 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) mineralised
Slide 4: Corporate Structure
CORPORATE STRUCTURE For personal use only Existing Shares (ASX:BOE) 855 million Share Price Movement 0.06 Performance Rights* 40 million 0.05 Options ($0.02 Aug 18) 10 million 0.04 Cash (31 Dec 2015) $2.4 million 0.03 Market Capitalisation (at $0.042) $36 million 0.02 Top 100 Shareholders ~ 80% 0.01
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 • Evan Cranston Chairman Mr. Cranston is a corporate lawyer with experience in publicly listed entities including capital raisings, offerings, and liaison with market analysts and investors. • Marat Abzalov Executive Director - Geology Mr. Abzalov has a PhD in Geology
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 $124m 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 100 Mlb U3
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 and Brooks Dam Deposits Reported Above a preferred 250ppm eU3O8 lower cut-off. Million eU3O8 Conta
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 Resource, a high- grade sandstone hosted Uranium deposit amenable to insitu-leach mining techniques • Holdings include the granted Honeymoon M
Slide 11: Eastern Tenements Exploration Potential
EASTERN TENEMENTS EXPLORATION POTENTIAL For personal use only • Recently upgraded resource increase by 66% - 2 months from acquisition YARRAMBA NOTRH • Regional exploration target of 11-25Mt at between 380 and 1200 ppm U3O8 for between 18-47MLb of contained U3O on Eastern Tenements1 JASONS • 30 km o
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 U3O82 • Previously defined grade estimates in the Retention Leases – Validation and resource estimation und
Slide 18: Milestones
MILESTONES ✓ Project Acquisition For personal use only – Lowest cost per lb acquisition in recent history ✓ Resource Upgraded – Increased Honeymoon resource 66% to 27mlb U3O8 Further Resource Estimation underway – Convert exploration target into JORC resources • Goulds Dam Target • Jasons Target Com
Slide 19: Feasibility Planning Schedule
FEASIBILITY PLANNING SCHEDULE For personal use only 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- polluting 24:7 base load power source • Zero Carbon Emissions • Over 430 existing nuclear plants, focused in Europe, North America, Russia, South Korea and Japan • 1.7 billion of the
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 Evan Cranston +61 (0) 408 865 838 Grant Davey +61 (0) 447 753 163 www.bossresources.com.au