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HONE YMOON URANIUM PROJE CT So uth Austra lia DIGGE RS & DE - - PowerPoint PPT Presentation

HONE YMOON URANIUM PROJE CT So uth Austra lia DIGGE RS & DE AL E RS PRE SE NT AT ION Aug ust 2016 DISCLAIMER T he info rma tio n c o nta ine d in this pre se nta tio n o r sub se q ue ntly pro vide d to a ny re c ipie nt o f this


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SLIDE 1

HONE YMOON URANIUM PROJE CT

So uth Austra lia

DIGGE RS & DE AL E RS PRE SE NT AT ION

Aug ust 2016

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SLIDE 2

DISCLAIMER

T he info rma tio n c o nta ine d in this pre se nta tio n o r sub se q ue ntly pro vide d to a ny re c ipie nt o f this pre se nta tio n whe the r o ra lly o r in writing b y o r o n b e half o f Bo ss Re so urc e s L imite d (“Bo ss”) o r its re spe c tive e mplo ye e s, a g e nts o r c o nsulta nts (I nfo rma tio n) is pro vide d to the re c ipie nts o n the te rms a nd c o nditio ns se t o ut in this no tic e . T he purpo se o f this pre se nta tio n is to pro vide re c ipie nts with info rma tio n re la ting to Bo ss Pro je c ts. T his pre se nta tio n do e s no t c o nstitute inve stme nt a dvic e a nd ha s b e e n pre pa re d b y Bo ss witho ut ta king into a c c o unt the re c ipie nt’ s inve stme nt

  • b je c tive s, fina nc ial c irc umsta nc e s o r pa rtic ula r ne e ds. E

a c h re c ipie nt must make his/ he r o wn inde pe nde nt a sse ssme nt a nd inve stiga tio n o f Bo ss a nd its b usine ss a nd a sse ts whe n de c iding if a n inve stme nt is a ppro pria te a nd sho uld no t re ly o n a ny sta te me nt o r the a de q ua c y a nd a c c urac y

  • f a ny info rma tio n. T

his pre se nta tio n is in summary fo rm a nd do e s no t purpo se to b e e xha ustive . T his pre se nta tio n sho uld b e re a d in c o njunc tio n with Bo ss’ pe rio dic a nd c o ntinuo us disc lo sure a nno unc e me nts lo dg e d with the Austra lia n Se c uritie s E xc ha ng e , whic h a re a vaila ble to do wnlo a d a t www.a sx.c o m.a u. Bo ss make s no re pre se nta tio n o r wa rra nty (e ithe r e xpre sse d o r implie d) a s to the a c c urac y, re lia bility o r c o mple te ne ss o f the I nfo rma tio n. Bo ss a nd its dire c to rs, e mplo ye e s, a g e nts a nd c o nsulta nts shall ha ve no lia bility (inc luding lia bility to a ny pe rso n b y re a so n o f ne glig e nc e o r ne glig e nt missta te me nt) fo r a ny sta te me nts, o pinio ns, info rma tio n o r matte rs (e xpre ss o r implie d) a rising o ut o f, c o nta ine d in o r de rive d fro m, o r fo r a ny

  • missio ns fro m the pre se nta tio n, e xc e pt liab ility unde r sta tute tha t c a n no t b e e xc lude d.

T his pre se nta tio n ma y c o ntain fo rwa rd-lo o king sta te me nts. Fo rwa rd-lo o king sta te me nts a re o nly pre dic tio ns a nd a re sub je c t to risks, unc e rtaintie s a nd a ssumptio ns whic h a re o utside the c o ntro l o f Bo ss. Ac tua l value s, re sults o r e ve nts may b e mate rially diffe re nt to tho se e xpre sse d o r implie d in this pre se nta tio n. Give n the se unc e rta intie s, re c ipie nts a re c a utio ne d no t to pla c e re lianc e o n fo rwa rd-lo o king sta te me nts. T his pre se ntatio n do e s no t c o nstitute in a ny wa y a n o ffe r o r invita tio n to sub sc rib e fo r se c uritie s in Bo ss pursua nt to the Co rpo ra tio ns Ac t 2001 (Cth) a nd ha s no t b e e n lo dg e d with the Austra lia n Se c uritie s a nd I nve stme nt Co mmissio n. T he info rma tio n in this pre se nta tio n tha t re la te s to E xplo ra tio n Re sults a nd Mine ral Re so urc e s is b a se d o n info rmatio n c o mpile d b y Dr M. Ab zalo v, who is a Co mpe te nt Pe rso n a c c o rding to the Australa sia n Co de fo r Re po rting o f E xplo ra tio n Re sults, Mine ral Re so urc e s a nd Ore Re se rve s (2012) (“JORC Co de 2012”). Dr M. Ab zalo v is a Fe llo w o f the AusI

  • MM. He ha s suffic ie nt e xpe rie nc e in e stima tio n Re so urc e s o f ura nium mine ralisa tio n,

a nd ha ve a stro ng e xpe rtise in the a ll a spe c ts o f the da ta c o lle c tio n, inte rpre ta tio n a nd g e o sta tistic al a nalysis to q ualify a s a Co mpe te nt Pe rso n a s de fine d in the Jo rc Co de 2012. Dr M. Ab za lo v is e mplo ye d a s a dire c to r o f Bo ss Re so urc e s L

  • td. Dr M. Ab zalo v c o nse nts to the inc lusio n in the

re po rt o f the ma tte rs b a se d o n the ir info rma tio n in the fo rm a nd c o nte xt in whic h it a ppe a rs. T his info rma tio n wa s initially re po rte d to the ASX o n 1 Se pte mb e r2015, 20 Ja nua ry 2016, 6 April 2016 a nd 14 June 2016 a nd ha s no t ma te rially c ha ng e d. T he info rma tio n in this pre se ntatio n tha t re la te s to the Ho ne ymo o n Pro je c t E xplo ra tio n T a rg e t a nd a sso c ia te d E xplo ra tio n Da ta is b a se d o n info rma tio n pro vide d b y Mr. Ne il I nwo o d , who is a Fe llo w o f the AUSI

  • MM. Co nse nt is g ra nte d o nly fo r the purpo se s o f o utlining a n E

xplo ra tio n T a rg e t, no wa rra nty is made o n the use o f the e xplo ratio n info rmatio n a nd da ta fo r o the r purpo se s. Mr I nwo o d is a c o nsulting g e o lo gist a nd ha s suffic ie nt e xpe rie nc e whic h is re le va nt to the style o f mine ralisatio n a nd type o f de po sit unde r c o nside ra tio n a nd to the a c tivity unde rtake n to q ualify a s Co mpe te nt Pe rso ns a s de fine d in the JORC Co de 2012. Mr. I nwo o d ha s c o nse nte d to the inc lusio n o f this info rma tio n in this do c ume nt in the fo rm a nd c o nte xt in whic h it a ppe a rs. An e ntity a sso c ia te d with Mr I nwo o d ha s sha re s in Bo ss Re so urc e s L

  • td. T

his info rma tio n wa s initially re po rte d to the ASX o n 8 De c e mb e r2015 a nd ha s no t ma te rially c ha ng e d. T he E xplo ra tio n T a rg e t is c o nc e ptual in na ture a s the re ha s b e e n insuffic ie nt e xplo ra tio n to de fine a Mine ral Re so urc e . I t is unc e rtain if furthe r e xplo ra tio n will re sult in the de te rmina tio n o f a Mine ral Re so urc e unde r the JORC Co de 2012. T he Explo ra tio n T a rg e t is no t b e ing re po rte d a s pa rt

  • f a ny Mine ral Re so urc e o rOre Re se rve .

2

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SLIDE 3

3

Nuc le ar Powe r: T he Be st Solution

WHY URANIUM?

  • Nuc le a r po we r pro vide s the b e st so lutio n fo r a

no n- po lluting 24:7 b a se lo a d po we rso urc e

  • Ze ro Ca rb o n E

missio ns

  • Ove r 440 e xisting nuc le a r pla nts, fo c use d in

E uro pe , No rth Ame ric a , Russia , So uth K

  • re a

a nd Ja pa n

  • 1.7

b illio n

  • f

the wo rld’ s po pula tio n is still witho ut e le c tric ity

  • E

me rg ing e c o no mie s will ne e d to imple me nt a c o mbina tio n

  • f

nuc le a r, c o al, g a s a nd re ne wable s to me e t the ir g ro wing po we r re q uire me nts

  • Nuc le a r po we r ne e ds to

b e ma de re a dily a c c e ssible and affo rda ble to the e me rg ing e c o no mie s to e nsure tha t no n-po lluting so urc e s a re c ho se n in the hunt fo rmo re po we r

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SLIDE 4

CL IMAT E CHANGE RE QUIRE S NUCL E AR E NE RGY INVOL VE ME NT

“T he re ’ s re a lly o nly o ne te c hno lo g y tha t we kno w o f tha t supplie s c a rb o n-fre e po we r a t the sc a le mo de rn c iviliza tio n re q uire s, a nd tha t is nuc le ar

powe r”

  • Ke n Ca lde ira o f Sta nfo rd Unive rsity’ s De pa rtme nt o f Glo b a l E

c o lo g y

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SLIDE 5

MARKET DEMAND

Globa l Re a c tor Gr

  • wth

5

OPE R ABL E R E ACT OR S DE CE MBE R 2013

  • Generation Capacity: 374,067 MWe
  • Annual Uranium Demand: 64,978 tonnes U

441 173

PL ANNE D R E ACT OR S

  • Generation Capacity: 187,740 MWe
  • Annual Uranium Demand: 32,600 tonnes U

UNDE R CONST R UCT ION

64

  • Generation Capacity: 74,886 MWe
  • Annual Uranium Demand: 13,000 tonnes U
  • Glo bal nuc le a r g e ne ra tio n c a pa c ity will

inc re a se 70% o ve r the ne xt de c a de fro m 374,067MWe to 636,693MWe

  • Annua l ura nium de ma nd will inc re a se

fro m 177mlbs to 280mlbs b y 2020, re pre se nting a 58% inc re a se

  • Additio na l 390mlb s will b e ne e de d fo r

ne w initia l c o re s

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SLIDE 6

CHINA

223 millio n po unds U3O8 sinc e 2009 Bre a king g ro und o n 6-8 ne w units pe r ye a r (inc re a sing to 10 pe r ye a r po st-2020) Air Qua lity Impe ra tive – Mo ra to rium

  • n ne w c o a l pla nts

CURRE NT NUCL E AR GROWT H PL AN

58GWe 97GWe 160GWe

2020 2025 2040

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SLIDE 7

INDIA

21 6 4

With insta lle d c a pa c ity o f 6 GWe

R E ACT OR S OPE R AT ING

Ca pa c ity o f 6 GWe

UNDE R CONST R UCT ION

T

  • ta lling 24 GWe

PL ANNE D

Offic ia l Pla n – 15 Gwe insta lle d b y 2025 Ura nium b uying spre e (lo ng te rm c o ntra c ts) – Ca na da , K a za khsta n, Uzb e kista n E sta b lishme nt o f “Stra te g ic Ura nium Re se rve ” o f b e twe e n 13 a nd 39 millio n lb s. U3O8

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SLIDE 8

JAPAN

20- 22%

Go ve rnme nt a ppro ve d pla ns a re fo r 20%-22% fro m nuc le a r po we r

PL ANNE D

NUCL E AR POWE R

26 5 4

NRA ha s re c e ive d 26 re a c to r re sta rt a pplic a tio ns

APPL ICAT IONS

F ive re a c to rs a ppro ve d fo r re sta rt

APPR OVE D

F

  • ur re a c to rs ha ve

sta rte d

R E ST AR T E D

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SLIDE 9

E xisting Sha r e s (ASX:BOE

)

886 millio n Pe r for ma nc e R ig hts* 40 millio n Options ($0.02 Aug 18) 10 millio n Ca sh (30 June 2016) ~ $3 millio n Ma r ke t Ca pita lisa tion

(a t $0.05)

~$44 millio n T

  • p 100 Sha r

e holde r s ~ 80%

*10 millio n rig hts c o nve rt if sha re p ric e is g re a te r tha n 7.5c fo r 20 c o nse c utive ASX tra ding da ys. 3.3 millio n rig hts c o nve rt if sha re p ric e is g re a te r tha n 8.5c fo r 20 c o nse c utive ASX tra ding da ys. 13.3 millio n rig hts c o nve rt o n disc o ve ry a nd de c isio n to mine o f 75kt Ni JORC re so urc e o n Sc a ndinavian Pro je c t. 13.3 millio n rig hts c o nve rt o n disc o ve ry a nd de c isio n to mine o f 125kt Ni JORC re so urc e o n Sc a ndinavian Pro je c ts

Shar arehold

  • lder

er B Break akdow

  • wn

9

Shar are Price M e Mov

  • vem

emen ent

CORPORATE STRUCTURE

14% 12% 4% 70%

Dire c to rs & Re la te d Pa rtie s Offsho re Ho lding s No mine e Co mpa nie s Hig h Ne t Wo rth & Re ta il

0.01 0.02 0.03 0.04 0.05 0.06 0.07 7/ 15/ 15 8/ 15/ 15 9/ 15/ 15 10/ 15/ 15 11/ 15/ 15 12/ 15/ 15 1/ 15/ 16 2/ 15/ 16 3/ 15/ 16 4/ 15/ 16 5/ 15/ 16 6/ 15/ 16 7/ 15/ 16

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SLIDE 10

PE R MIT T E D

F ully pe rmitte d Ura nium o pe ra tio n (o nly 1 o f 4 in Austra lia )

T AR GE T

Sig nific a nt e xplo ra tio n ta rg e t Hug e 80+ km po te ntia lly mine ra lise d strike 2,600km2 unde r e xplo re d ura nium pro vinc e 57.8Mlb U

3O 8 JORC Re so urc e

INF R AST R UCT UR E

$170m pla nt a nd infra struc ture in pla c e

L OW CAPE X

Uniq ue o ptio n o n Ura nium pric e – o pe ra tio ns c a n c o mme nc e with lo w C APE X ta rg e ting c a sh c o sts

  • f <$18/ lb pro duc tio n

10

HONEYMOON HIGHLIGHTS

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SLIDE 11

Compa ny Initia l Ca pe x (AUD$) Mining Pe r mit

Re sour c e

Mlb Gr a de PPM Mining T ype Ma r ke t Ca p (AUD$) $

Re sourc e Valuation

C1 Costs US$/ lb T

  • r
  • E

ne r g y

(ASX:T OE)

315m

84 482 Bulk surfa c e 100m 1.94 31

Vimy (E ne r g y & Mine r a ls)

(ASX:VMY)

378m

76.2 520 Surfa c e 73.6m 1.06 31

Pe ninsula Re sour c e s

(ASX:PE N)

46m (sta g e 1)

54 476 ISL 123m 1.61 29

Be r ke le y Re sour c e s

(ASX:BK Y)

169m

89.3 514

Ha rd ro c k Ope n pit

176m 1.40 13.3

Boss Re sour c e s

(ASX:BOE )

Constr uc te d

57.8 654 ISL 44m 0.72

T ar ge t <18

11

PEER COMPARISON

ASX L IST E D ST OCKS

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SLIDE 12

PEER COMPARISON

NOR T H AME R ICAN L IST E D ST OCKS

12

*E

stima te d

CAD$1 – US $0.766 AUD$1 – US $0.759 Compa ny Initia l Ca pe x (US$) Mining Pe r mit

Re sour c e

Mlb Gr a de PPM Mining T ype Ma r ke t Ca p (US$) US$

Re sourc e Valuation

C1 Costs US$/ lb Ur a nium E ne r g y Cor p.

(NY: UE C) Pro d uc tio n

75 ISL 114m 5.40 16.27

E ne r g y F ue ls

(T SX:E F R) Pro d uc tio n

131.6 972 ISL & Ha rd ro c k 129m 1.31 25*

Ne xGe n

(T SXV:NXV) E xp lo ra tio n

201.9 2630 Ha rd ro c k 538m 3.96

F ission Ur a nium Cor p.

(T SX:F CU)

1,100m

108 1600 Ha rd ro c k – OP/ UG 268m 3.43 17.50

Boss Re sour c e s

(ASX:BOE )

Constr uc te d

57.8 654 ISL 33m 0.72

T ar ge t <18

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SLIDE 13

DIRECTORS

  • Mar

k Hohne n Cha ir

ma n

Mr Ho hne n ha s e xte nsive inte rna tio na l b usine ss e xpe rie nc e in a wide ra ng e o f industrie s. He is c urre ntly a Bo a rd me mb e r o f Swa ko p Ura nium a nd wa s the fo unding E xe c utive Cha irma n o f K a la ha ri Mine ra ls Plc .

  • Mar

at Abzalov E

xe c utive Dir e c tor

  • Ge olog y

Dr Ab za lo v ha s a PhD in Ge o lo g y. Ma ra t ha s re c e ntly c o mple te d a n invite d study o f ISLstyle s

  • f mine ra liza tio n, inc luding tho se in Austra lia . He is a lso a n e x-E

xplo ra tio n ma na g e r fo r Rio T into E ura sia , with e xte nsive e xpe rie nc e in K a za khsta n ura nium pro je c ts.

  • E

van Cr anston Cor

por a te Dir e c tor

Mr Cra nsto n is a c o rpo ra te la wye r with e xpe rie nc e in pub lic ly liste d e ntitie s inc luding c a pita l ra ising s, o ffe ring s, a nd lia iso n with ma rke t a na lysts a nd inve sto rs.

  • Gr

ant Dave y E

xe c utive Dir e c tor

Mr Da ve y is a mining e ng ine e r with 20 ye a rs o f se nio r ma na g e me nt a nd o pe ra tio na l e xpe rie nc e in the c o nstruc tio n a nd o pe ra tio n o f Ura nium, g o ld, pla tinum a nd c o a l mine s in Afric a , Austra lia , So uth Ame ric a a nd Russia .

  • Pe te r

Williams Non E

xe c utive Dir e c tor

Mr Willia ms is a n e xplo ra tio nist/ g e o physic ist with o ve r 30 ye a rs e xpe rie nc e . He ha s e xte nsive e xpe rie nc e in We st Afric a , Austra lia , F e nno sc a ndia , a nd Ca na da .

13

slide-14
SLIDE 14
  • One o f the hig he st g ra de un-

mine d ura nium re so urc e s in Austra lia

  • 1 o f 4 fully pe rmitte d ura nium

pro je c ts in Austra lia (3 in So uth Austra lia )

  • Curna mo na Ba sin – a sig nific a nt

unde re xplo re d ura nium pro vinc e

  • T

a rg e ting >100mlbs re so urc e

  • Curre ntly o n c a re a nd

ma inte nanc e

Operational Mine Major Deposit Former Mine L E GE ND

14

AUSTRALIAN

UR ANIUM PR OJE CT S HONE YMOON

slide-15
SLIDE 15

15

HONEYMOON RESOURCE

SIGNIF ICANT E XIST ING HIGH GRADE RE SOURCE S – HIGHE ST GRADE AMONGST ASX L IST E D PE E RS

Cla ssific a tion Million T

  • nne s

U3O 8 ppm Conta ine d U3O 8 (Mkg ) Conta ine d U3O 8 (Mlb)

Me a sure d

1.7 1720 2.95 6.5

Indic a te d

5.9 810 4.80 10.6

Infe rre d

32.5 569 18.5 40.7

T

  • ta l

40.1 654 26.24 57.8

Co ve ring the E a ste rn a nd We ste rn T e ne me nt Re g io ns. Re po rte d Ab o ve a pre fe rre d 250ppm U

3O 8 lo we r c ut-o ff

No te : F ig ure s ha ve b e e n ro unde d. Quo te d re so urc e s ha ve b e e n a djuste d to e xc lude pre vio us pro duc tio n o f a ppro xima te ly 335t o f U

3O 8.

2016 Hone ymoon Pr

  • je c t Mine r

al Re sour c e

slide-16
SLIDE 16
  • L
  • c a te d

75Km NW o f Bro ke n Hill, in the Curna mo na Re g io n o f So uth Austra lia

  • Re so urc e s a me na b le to ISLre c o ve ry
  • Mine ra lisa tio n o c c urs a t 90-120m de pth
  • Ove r 2,500 drill ho le s in da ta b a se
  • Multiple

style s

  • f

ura nium mine ra lisa tio n ide ntifie d

16

HONEYMOON

UR ANIUM PR OJE CT

slide-17
SLIDE 17
  • E

a ste rn T e ne me nt Re so urc e o f 32.8Mlb U

3O 8

  • Additio na l re g io na l e xplo ra tio n ta rg e t o f 18-47Mlb o f

c o nta ine d U

3O 8 o n E

a ste rn T e ne me nts.

  • 30 km o f po te ntia lly mine ra lise d strike
  • Drill re a dy ta rg e ts - histo ric a l drilling sho ws nume ro us >

1,000ppm U

3O 8

  • T

hre e prio rity re g io ns – Ya rra mb a , Ja so ns a nd L a wlo rs – E a rly po te ntia l fo r re so urc e de finitio n

  • Adva nc e d ta rg e ting mo de l utilising nume ric a l pro spe c t

sc o ring syste m de ve lo pe d

LAWLORS

Historical & Recent Drilling Intercepts

YARRAMBA NORTH JASONS

ML6109 - Honeymoon

.

17

EASTERN TENEMENTS

E XPL OR AT ION POT E NT IAL

slide-18
SLIDE 18

18

RESOURCE LOCATION

SIGNIF ICANT E XPL OR AT ION POT E NT IAL

slide-19
SLIDE 19

Basal Clay (Seal) Basal Sand (Ore Horizon) Upper Eyre Formation Namba Clay (~ 75m)

19

  • Mine ra lisa tio n within pe rme a b le Ba sa l E

yre sa nds a nd g ra ve ls

  • Ura nium mine ra lo g y o f a c id -so lub le

ura ninite , c o ffinite , a nd ura nium pho spha te s

  • Mine ra lisa tio n 115-125m b e lo w surfa c e

SECTIONS

T YPICAL HONE YMOON SE CT ION

slide-20
SLIDE 20

Proc e ss F low

An a c idic le a c h so lutio n c o nta ining a n o xida nt is pumpe d thro ug h inje c tio n we lls into ura nium-b e a ring so lutio n. T he so lutio n mig ra te s thro ug h the stra ta sa nds o xidising a nd mo b ilising ura nium a s a so lub le c o mple x. T he so lutio n, no w re fe rre d to a s pre g na nt le a c h so lutio n (PL S) is inte rc e pte d b y pro duc tio n we lls, lo c a te d b e twe e n the inje c tio n we lls, a nd pumpe d to the surfa c e .

20

ISL PROCESS

slide-21
SLIDE 21

Production Bore Processing Facility Water treatment plant Control Room Settling Ponds Camp

21

INFRASTRUCTURE

slide-22
SLIDE 22
  • We ste rn T

e ne me nt Re so urc e o f 25Mlb

  • 54 km po te ntia lly mine ralise d strike
  • E

xplo ra tio n ta rg e t o f 21-53Mt a t b e twe e n 480 and 1500ppm U

3O 8 fo rb e twe e n 24 and 53ML

B o f U

3O 8. T

he E xplo ra tio n T a rg e t is c o nc e ptual in na ture a s the re ha s b e e n insuffic ie nt e xplo ra tio n to de fine a Mine ral Re so urc e . It is unc e rta in if furthe r e xplo ra tio n will re sult in the de te rmina tio n o f a Mine ra l Re so urc e .

  • Go ulds Da m / Bille ro o syste m unde rra te d:

– 12 km strike le ng th – Unde r drille d – Hig hly pro spe c tive g ro und – Re so urc e upg ra de e xpe c te d fro m furthe r drilling

  • E

L 5043 ha s pe g ma tite ho ste d mine ralisa tio n up to 3.5% U

3O 8 (g ra b sa mple )

  • Bro a de rE

xplo ra tio n lic e nc e unde r a pplic a tio n

– Po te ntia l fo r ne w pa le o c ha nne ls – Alo ng tre nd o f mine ra lise d fluids – Ma ssive ly unde r e xplo re d – Gra de s o f up to 1% e U

3O 8 re po rte d fro m histo ric al drilling

(1960 – E AR19)

22

WESTERN TENEMENTS

E XPL OR AT ION POT E NT IAL

slide-23
SLIDE 23

L

  • we st c o st pe r lb a c q uisitio n in re c e nt histo ry

Pr

  • je c t Ac quisition

T

  • ta l re so urc e o f 57.8Mlb U3O8 @ 654ppm –

3.5 time s the re so urc e a t a c q uisitio n in De c e mb e r 2015

Re sour c e Upgr ade d

Co mme nc e a pro c e ss o ptio n study SX, IX, E lue x – Ma rc h 2016 E xpa nsio n o ptio ns de pe nding o n re so urc e size

Option Study

T a rg e t kno wn mine ra lise d a re a s fo r lo w c o st a dditio na l re so urc e

Comme nc e e xplor ation Q3 2016 E xpansion DF S c omple te d 2017 Comme nc e me nt of E xpande d Pr

  • duc tion e stimate d mid 2019

✓ ✓ ✓ ✓

MILESTONES

Pr

  • je c t Ac tivitie s

Q₃ 2016 Q₄ 2016 E nd 2017 Option Study Initial E xplor ation Re sour c e Upgr ade - Jasons E xpansion F e asibility

F E ASIBIL IT Y PL ANNING SCHE DUL E

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SLIDE 24

T E AM ASSE T S APPROVAL L ICE NCE D E xe c utive s with pro je c t ma na g e me nt, de ve lo pme nt, fina nc ing , a nd o pe ra tio n e xpe rie nc e Ho ne ymo o n Ura nium a sse t in So uth Austra lia Unde re stima te d ura nium pro vinc e Sig nific a nt e xplo ra tio n ta rg e t All a ppro va ls a re in pla c e Only de ve lo pe d pro je c t in Austra lia whic h is fully lic e nse d a nd a b le to b e b ro ug ht into pro duc tio n

24

COMPETITIVE ADVANTAGE

BOSS R E SOUR CE S

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SLIDE 25

Suite 23, 513 Ha y Stre e t Sub ia c o , WA 6008 +61 8 6143 6730 www.b o ssre so urc e s.c o m.a u Gra nt Da ve y +61 (0) 447 753 163