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 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 o 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 o 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 o 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 o f a ny Mine ral Re so urc e o rOre Re se rve . 2

WHY URANIUM? Nuc le ar Powe r: T he Be st Solution 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 o re a a nd Ja pa n • 1.7 b illio n o 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 o 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 3

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

MARKET DEMAND Globa l Re a c tor Gr owth • 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 64 UNDE R CONST R UCT ION • Generation Capacity: 74,886 MWe • Annual Uranium Demand: 13,000 tonnes U 441 173 OPE R ABL E R E ACT OR S PL ANNE D DE CE MBE R 2013 R E ACT OR S • Generation Capacity: 187,740 MWe • Generation Capacity: 374,067 MWe • Annual Uranium Demand: 32,600 tonnes U • Annual Uranium Demand: 64,978 tonnes U 5

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 o n ne w c o a l pla nts CURRE NT NUCL E AR GROWT H PL AN 58 GWe 2020 97 GWe 2025 160 GWe 2040

INDIA 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 R E ACT OR S OPE R AT ING UNDE R CONST R UCT ION PL ANNE D 21 6 4 With insta lle d c a pa c ity o f Ca pa c ity o f 6 GWe T o ta lling 24 GWe 6 GWe

JAPAN 20- 22% NUCL E AR POWE R PL ANNE D 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 26 APPL ICAT IONS 5 4 APPR OVE D R E ST AR T E D NRA ha s re c e ive d 26 re a c to r F ive re a c to rs a ppro ve d F o ur re a c to rs ha ve re sta rt a pplic a tio ns fo r re sta rt sta rte d