Boss Energy Limited · ASX:BOE
Boss Energy — Boss Resources — Investor Presentation (February 2017)
24 slides from Boss Energy's investor presentation, Feb 9, 2017
Slide 1: Honeymoon Uranium Project Investor Presentation
HONEYMOON URANIUM PROJECT South Australia For personal use only INVESTOR PRESENTATION February 2017
Slide 2: Disclaimer
DISCLAIMER For personal use only 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
Slide 3: 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 4: Nuclear Power: The Best Solution
NUCLEAR POWER: THE BEST SOLUTION For personal use only • 2 billion of the world’s population of 7 billion lack access to electricity • Nuclear power provides non-polluting 24:7 base load power source baseload energy • Zero carbon emissions, safe, clean, reliable and affordable. • Over 440 existing n
Slide 5: Market Demand – Global Reactor Growth
MARKET DEMAND – GLOBAL REACTOR GROWTH For personal use only • Global nuclear power 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
Slide 6: Real Opportunity for Boss Resources
REAL OPPORTUNITY FOR BOSS RESOURCES For personal use only Growing gap between the uranium consumed by reactors and the uranium produced from world mines, as has been the case for many years. Long lead times for uranium mine development 5 – 7 years, coupled by recent low uranium prices making it econ
Slide 7: China nuclear growth plan
Boost nuclear power capacity by more than 70% by 2020 CHINA Air Quality Imperative – scuttling of 85 coal- For personal use only fired power stations and investing US$ 365B into renewable energy, including nuclear Breaking ground on 6-8 new units per year (increasing to 10 per year post-2020) CURREN
Slide 8: India nuclear growth plan
Boost nuclear power capacity by more than INDIA 29% by 2019 Official Plan – 15 GWe installed by 2025 For personal use only Uranium buying spree (long term contracts) – Canada, Kazakhstan, Uzbekistan) Establishment of “Strategic Uranium Reserve” of between 13 and 39mlbs U3O8 21 6 4 REACTORS OPERATING
Slide 9: Japan nuclear restarts
JAPAN 20-22% For personal use only NUCLEAR POWER PLANNED Government approved 20-22% NUCLEAR POWER PLANNED Government approved 26 5 4 APPLICATIONS APPROVED RESTARTED NRA has received 26 reactor Five reactors approved for Four reactors have restart applications restart started
Slide 10: Honeymoon Highlights
HONEYMOON HIGHLIGHTS For personal use only BOSS has a number of advantages over its peers and likely to be in production sooner than many. PERMITTED TARGET INFRASTRUCTURE LOW CAPEX Fully permitted uranium Significant exploration target $170m plant and Expansion Study highlights operation infrastruct
Slide 11: Corporate Structure
CORPORATE STRUCTURE For personal use only Shareholder Breakdown 13% Directors & Related Parties Existing Shares (ASX:BOE) 1,007 million Performance Rights* 60.5 million 13% Nominee Companies Options (various) 40 million 8% Market Capitalisation ~$70.5 million Offshore Holdings (at $0.07) 66% High Ne
Slide 12: Australian Uranium Projects: Honeymoon Uranium Project
AUSTRALIAN URANIUM PROJECTS For personal use only HONEYMOON URANIUM PROJECT • One of the highest grade un-mined uranium resources in Australia • 1 of only 4 fully permitted uranium projects in Australia with export licence • Located 75Km NW of Broken Hill, South Australia • Curnamona Basin – a signi
Slide 13: Infrastructure: $170M Already in Place
Water Treatment Plant INFRASTRUCTURE Production Well Fields $170M INFRASTRUCTURE ALREADY IN PLACE For personal use only Control Admin Buildings Centre Production Facility Camp PLS Ponds Workshop
Slide 14: Honeymoon Resource
HONEYMOON RESOURCE For personal use only SIGNIFICANT EXISTING HIGH GRADE RESOURCES – HIGHEST GRADE AMONGST ASX-LISTED PEERS Contained Million U3O8 Contained U3O8 Classification U3O8 Tonnes ppm (Mlb) (Mkg) Measured 1.7 1720 2.95 6.5 Indicated 5.9 810 4.80 10.6 Inferred 32.5 569 18.50 40.7 Total 40.1
Slide 15: Expansion Study
EXPANSION STUDY For personal use only LOWEST CAPEX URANIUM PLAY ON ASX WHILST MAINTAINING LOW OPEX • Completed September 2016 by GR Engineering and ANSTO • The Expansion Study was based on results from past production operations. • Bringing in uranium industry experts , cherry picking engineering /
Slide 16: Eastern Tenements Exploration Potential
EASTERN TENEMENTS EXPLORATION POTENTIAL For personal use only • Eastern Tenement Resource of 32.8mlb U3O8 YARRAMBA • Additional regional Exploration Target of 18-47mlb U3O8 NORTH • 30 strike km of potential mineralisation JASONS • Drill ready targets - historical drilling shows numerous LAWLORS inte
Slide 17: Jasons Deposit
JASONS DEPOSIT FIRST EXPLORATION – SUCCESSFUL For personal use only • 72 mud rotary holes for 8,580m drilled to February 2017 – High grade trend >1,300m long identified in the southern drill region – Average grade of 1,458ppm eU3O8 – Average thickness of 2.5m • 2 sonic holes drilled in southern high
Slide 18: Western Tenements Exploration Potential
WESTERN TENEMENTS For personal use only EXPLORATION POTENTIAL • Western Tenement Resource of 25mlb U3O8 • Additional regional Exploration Target of 24-53mlb U3O8 • Limited exploration performed to date on vast prospective areas • 54 strike km of potential mineralision • Goulds Dam / Billeroo system
Slide 19: Milestones
MILESTONES For personal use only New DFS is essentially just an expansion ✓ Project Acquisition Lowest cost per lb acquisition in recent history study to derive economies of scale and reduce unit operating costs. ✓ Resource Upgraded Total resource of 57.8mlb U3O8 @ 654ppm – 3.5 times the resource at
Slide 20: Competitive Advantage
COMPETITIVE ADVANTAGE For personal use only A fully built and permitted operation is a great advantage. TEAM ASSETS APPROVALS LOW COST Executives with uranium Honeymoon Uranium Necessary permits Expansion Study pedigree, asset in South Australia in place highlights low CAPEX project management, expa
Slide 21: Experienced Directors & Management
EXPERIENCED DIRECTORS & MANAGEMENT For personal use only • Mark Hohnen Chairman • Evan Cranston Corporate Director Mr Hohnen has extensive international business experience in a Mr Cranston is a corporate lawyer with experience in publicly listed wide range of industries. He is currently a Board mem
Slide 22: Australian Peer Comparison
AUSTRALIAN PEER COMPARISON ASX LISTED STOCKS - BOSS is highly leveraged to uranium price increases. For personal use only Initial Capex Mining Resource Grade Market Cap1 EV1 EV / C1 Costs Company Mining Type (US$) Permit mlb ppm (AUD$) (AUD$) Resource (US$/lb) Peninsula Resources (ASX:PEN) $33.0m2 (
Slide 23: Uranium Peers Cost Analysis
URANIUM PEERS COST ANALYSIS – ASX Uranium Companies For personal use only Athabasca Basin (Canada) Ultra high grade 1% plus However ultra high costs Typical CAPEX ~ $1 Billion Kazakhstan Produces ~ 40% world uranium Typical OPEX $20-30/lb Berkeley (Spain) ISL production Peninsula (USA) ASX:BKY Typic
Slide 24: Contact details
For personal use only Contact details: Suite 23, 513 Hay Street Duncan Craib Subiaco, WA 6008 Chief Executive Officer +61 8 6143 6739 +61 (0) 488 038 967 duncan@bossresources.com.au
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