Boss Energy Limited · ASX:BOE
Boss Energy — Macquarie Australia Conference 2023
28 slides from Boss Energy's conference presentation, May 4, 2023
Slide 1: Countdown to Production
For personal use only Countdown to Production Australia’s next uranium producer Macquarie Australia Conference 2023 ASX: BOE | OTCQX: BQSSF bossenergy.com
Slide 2: Disclaimer and Important Notices
Disclaimer and Important Notices IMPORTANT: You must read the following before continuing. under statute or otherwise) is or will be accepted by Boss Energy or by any of their respective officers, directors, shareholders, partners, employees, or advisers as to or in relation to the accuracy or compl
Slide 3: Fuelling a sustainable future
Fuelling a sustainable future • Fully funded, with A$103M cash, zero debt, plus A$100M strategic inventory, to become Australia’s next Uranium producer, with a global first mover advantage For personal use only • Technically proven, low-cost re-start operation in the uranium friendly jurisdiction of
Slide 4: Board of Directors
Board of Directors Highly credentialed with proven track record in Uranium For personal use only Wyatt Buck Duncan Craib Jan Honeyman Bryn Jones Non-Executive Chairman Managing Director & CEO Non-Executive Director Non-Executive Director Ex-Cameco 1991 - 2006 Ex-Kalahari Minerals/ Extract Ex-First Q
Slide 5: Wider Team
Wider Team Chief Financial Officer Key Management & Andre Potgieter For personal use only Consultants Strategy & Marketing Sashi Davies GM Operations James Davidson Project Manager Jonathon Owen GM Wellfield & Resources Ben Jeuken Geology Manager Jason Cherry NIMCIX Ion Exchange Dr Merril Ford Boss
Slide 6: Strong Balance Sheet and Zero Debt
ASX 300 Boss Energy has liquid assets of $203M Strong Balance Sheet and Zero Debt For personal use only Share Price Performance Key Metrics $3.50 16 14 Shares Value $3.00 (M) (A$M) Share Price (A$/sh) 12 $2.50 Ordinary Shares 353* Volume (M) 10 $2.00 8 Market Capitalisation (A$2.45/sh**) 864 $1.50 6
Slide 7: Track record of achieving key milestones
Track record of achieving key milestones Key Milestones Achieved ~ from 2015 until today Milestone Date Status For personal use only Acquisition of Honeymoon Uranium Mine - global resources of 16.6Mlb U3O8 Dec 2015 Scoping study confirms low capital requirements and operating costs Sept 2016 Pre-Fea
Slide 8: Strong progress for Q4 2023 production
Strong progress for Q4 2023 production • All major long-lead tenders have been issued and are under evaluation / execution For personal use only • Orders for key critical equipment items have been placed • 123 procurement packages have been awarded ~ $65M / 62% of CAPEX forecast of $105M (excluding
Slide 9: Honeymoon Restart Uranium Mine Site
Previous produced and sold U308 globally Honeymoon Restart Uranium Mine Site For personal use only
Slide 10: ISR is a proven cost effective and environmentally encouraged extraction process
ISR is a proven cost effective and environmentally encouraged extraction process In-Situ Recovery (ISR) Mining For personal use only • ISR accounts for ~ 60% global uranium mined, used in Australia, Kazakhstan, USA • Low impact in-situ recovery and ESG friendly mining method employed at Honeymoon si
Slide 11: Wellfield construction electrical, instrumentation, and piping materials installed
Wellfield construction electrical, instrumentation, and piping materials on site has been installed Wellfield construction electrical, instrumentation, and piping materials on site and being installed For personal use only Boss Energy | Australia’s Next Clean Energy Producer 11 11
Slide 12: Gypsum pond earthworks
For personal use only Boss Energy | Australia’s Next Clean Energy Producer Gypsum pond earthworks 12 12
Slide 13: Gypsum Pond Earthworks
Gypsum Pond Earthworks Gypsum pond lining being installed Wellfield construction electrical, instrumentation, and piping materials on site and being installed For personal use only Boss Energy | Australia’s Next Clean Energy Producer 13 13
Slide 14: Boss owned 400T crane dismantling old SX columns
For personal use only Boss owned 400T crane dismantling old SX columns for IX installation Boss Energy | Australia’s Next Clean Energy Producer 14 14
Slide 15: IX tower height
For personal use only Boss Energy | Australia’s Next Clean Energy Producer IX tower height will be equivalent of 14 stories 15 15
Slide 16: Fabrication of the Ion Exchange columns
Fabrication of the Ion Exchange columns For personal use only First Ion Exchange cylinder winding complete Top sections of adsorbtion column Elution Columns 500 tonnes of fibreglass custom-designed for the IX Honeymoon processing plant Boss Energy | Australia’s Next Clean Energy Producer 16 16
Slide 17: ~71.6Mlb U3O8 JORC Resources
~ 71.6Mlb U3O8 JORC Resources For personal use only • 71.6Mlb U3O8 JORC Resource1 at an average grade of 620ppm U3O8 • The Honeymoon Re-start Area (HRA) contains 36Mlb U3O8 • ML 6109 sits on top of the HRA • Shallow mineralisation at 90 - 120m depth • A further 36Mlbs sits outside the HRA on 2 satel
Slide 18: A further defined 36Mlbs sits outside of the Mining Licence
A further defined 36Mlbs sits outside of the Mining Licence. Substantial Exploration Target of 58Mlbs to 190Mlbs at grades up to 1,080ppm U3O8 JORC Resources ~ 71.6Mlb U308 For personal use only Gould’s Dam 25 Mlbs Jason’s 11 Mlbs Honeymoon 36 Mlbs Boss Energy | Australia’s Next Clean Energy Produce
Slide 19: Financial Highlights
Honeymoon’s low cost of production delivers robust financial returns (table excludes 1.25Mlbs held physical uranium) Financial Highlights For personal use only Boss Energy | Australia’s Next Clean Energy Producer 19
Slide 20: Significant Upside Potential
Substantial scope to add significant value and mine life beyond initial EFS mine plan Significant Upside Potential For personal use only Not to scale and illustrative only Boss Energy | Australia’s Next Clean Energy Producer 20
Slide 21: Boss Energy's ESG Focus
For personal use only Boss Energy’s ESG Focus Instilling ESG values not only creates economic value, but long-term value for society by addressing its needs and challenges • Business Ethics & CorporateInstilling Governance • Climate ESG values not only creates change economic value, & decarbonisatio
Slide 22: Uranium Industry Update
Strongest fundamentals in past 40 years Uranium Industry Update For personal use only • Sentiment at the World Nuclear Fuel Cycle Conference in the Hague during April was overwhelmingly optimistic. Demand for nuclear fuel is rising in the near, mid and long term on a global basis. • Nuclear power is
Slide 23: What's different this time?
What’s different this time? Uranium Industry Update For personal use only • 437 reactors in operation 393GWe, 57 reactors under construction (66GWe), 103 planned (106GWe) and 341 proposed (377Gwe). • Base case consultant nuclear forecasts increasing from 393GWe to 490GWe by 2035 • Cumulative supply
Slide 24: Vulnerable Uranium Supply
Production in 2023 is vulnerable to sanctions, shipping disruptions and supply chain risk. impact of utilities imposing their own limits on Russian supply or ‘self sanctioning’ is causing regional imbalances with near term shortages of enrichment and conversion services. Vulnerable Uranium Supply Fo
Slide 25: Compelling Market Fundamentals
Production does not respond quickly to price – spot increased from 2004/5 and peaked in 2007 but production increased post 2010 and peaked in 2017 when spot was at its lowest point since the peak. Compelling Market Fundamentals For personal use only Re-starts required Boss Energy | Australia’s Next
Slide 26: Uranium Price History
Since 2020 the uranium market has risen 94% in Spot Prices and 50% in Term Prices Uranium Price History For personal use only 2005: Major Mine $160 Flood (Cigar Lake) Contract $140 Spot ? $120 Industry recognised incentive price ($60-80/lb) Honeymoon AIC US$31.9/lb 2011: $100 Fukushima US$/lb U3O8 E
Slide 27: Key Upcoming Newsflow
Advancement of ESG framework to align Boss annual report information to leading ESG standards Solvent extraction column removal, and upgrade of the front- For personal use only end of the processing plant Wellfield cold commissioning Key Upcoming Entering into long-term contracts – only favorable te
Slide 28: Keep in touch
For personal use only Honeymoon Restart Project Keep in touch +61 (8) 6263 4494 boss@bossenergy.com ASX: BOE | OTCQX: BQSSF