Boss Energy Limited (BOE) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Boss Energy Investor Conference Call, December quarter 2025. All participants are in a listen-only mode. There will be a presentation followed by a 30-minute question and answer session. If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad. In the interest of time, participants are requested to limit the number of questions to two per turn. If you have additional questions, you are welcome to rejoin the queue and we'll be able to ask further questions if time permits. If we run out of time and do not have time for your question, we ask that you please call our office on 0862634494 or email boss at bossenergy.com and speak to our team. I would now like to hand the conference over to Mr. Matt Ducey, Managing Director and Chief Executive Officer. Please go ahead. Thank you, Ashley. Good morning, everyone. Thank you for dialing in to the Boss Energy December quarterly conference call. Joining me on the call this morning is Justin Laird, our CFO. We will be both happy to take questions at the end of this call. Turning to slide two, there's been another significant quarter for the company, which I'll talk through during the call. Some of the key highlights include we delivered record quarterly production of 456,000 pounds of uranium drummed, up 18% from the prior quarter. C1 cash costs for the quarter were $30 per pound, down 12% from the prior quarter, with all-in sustaining costs of $49 per pound, down 3%. Average price of $112 per pound, or US$74 per pound, was realised with sales of $39.3 million. Ultramisa produced 143,000 pounds of uranium drummed, of which BOSS received 68,000 pounds during the quarter. We continue to build drummed inventory to 1.62 million...