Boss Energy Limited (BOE) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

If you have additional questions, you're welcome to rejoin the queue and we'll be able to ask further questions if time permits. If we run out of time and you 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. Duncan Crabe, Managing Director. Please go ahead. Thanks, Ashley. Good morning, everyone. Thank you for taking the time to dial into our second quarterly call. During the previous January quarterly presentation, we recognised a milestone event for the company when we declared commercial production and we published our first cost guidance. This quarter, we are proud to declare that we've started generating free cash flow from Honeymoon. which is the culmination of a highly successful ramp-up where we saw drummed production of uranium doubling from the previous quarter to just shy of 300,000 pounds and associated C1 costs outperforming our guidance at 21 US per pound. So to be generating robust margins at current prices and delivering free cash flow within one year of starting production is a respectable outcome for any mining operation, particularly uranium where the pool of talent and expertise is more limited than other sectors. Our team has worked tirelessly to ensure that we meet our undertaking to the market and results such as today is testament to the skills and commitment of our people. As I stated in our announcement, we're achieving exactly what we said we will do. Joining me on today's call is our CFO, Justin Laird, and our COO, Matt Doocy. So I'll now walk you through key achievements of the March quarter, as well as providing an update on our investment in the Alta Mesa mining operation in Texas and our dis...