Boss Energy Limited (BOE) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.918 If you have additional questions, you're welcome to rejoin the queue and we'll be able 00:00:04.918 -- 00:00:07.923 to ask further questions if time permits. 00:00:07.923 -- 00:00:12.329 If we run out of time and you do not have time for your question, we ask that you please 00:00:12.329 -- 00:00:15.190 call our office on 0862634494 00:00:15.514 -- 00:00:17.477 or email 00:00:17.477 -- 00:00:21.683 boss at bossenergy.com and speak to our team. 00:00:21.683 -- 00:00:23.826 I would now like to hand the conference over to Mr. 00:00:23.826 -- 00:00:27.632 Duncan Crabe, Managing Director. Please go ahead. 00:00:27.632 -- 00:00:32.067 Thanks, Ashley. Good morning, everyone. Thank you for taking the time to dial into our 00:00:32.067 -- 00:00:37.356 second quarterly call. During the previous January quarterly presentation, we recognised 00:00:37.356 -- 00:00:42.244 a milestone event for the company when we declared commercial production and we published 00:00:42.244 -- 00:00:47.292 our first cost guidance. This quarter, we are proud to declare that we've started generating 00:00:47.292 -- 00:00:52.667 free cash flow from Honeymoon. which is the culmination of a highly successful ramp-up 00:00:52.667 -- 00:00:57.417 where we saw drummed production of uranium doubling from the previous quarter to just 00:00:57.417 -- 00:01:02.468 shy of 300,000 pounds and associated C1 costs 00:01:02.468 -- 00:01:06.940 outperforming our guidance at 21 US per pound. 00:01:06.940 -- 00:01:11.745 So to be generating robust margins at current prices and delivering free cash flow within 00:01:11.745 -- 00:01:17.292 one year of starting production is a respectable outcome for any mining operation, 00:01:17.292 -- 00:01:21.256 particularly uranium where the pool ...