HONE YMOON URANIUM PROJE CT So uth Austra lia INVE ST OR PRE - PowerPoint PPT Presentation

HONE YMOON URANIUM PROJE CT So uth Austra lia INVE ST OR PRE SE NT AT ION Oc to b e r 2016

DISCLAIMER T he info rma tio n c o ntaine 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 ha lf 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 (Info 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 d vic 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 ma ke his/ he r o wn inde pe nde nt a sse ssme nt a nd inve stig a tio n o f Bo ss a nd its busine ss a nd a sse ts whe n de c iding if an 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 ura c y o f a ny info rma tio n. T his pre se nta tio n is in summa ry 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 va ila b le to do wnlo a d a t www.a sx.c o m.a u. Bo ss ma ke 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 ura c 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 sha ll ha ve no lia b ility (inc luding lia bility to a ny pe rso n b y re a so n o f ne g lig e nc e o r ne g lig e nt missta te me nt) fo r a ny sta te me nts, o pinio ns, info rma tio n o r ma tte 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 p re se nta tio n, e xc e pt lia b 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 nta in fo rwa rd-lo o king sta te me nts. F o rwa rd-lo o king state 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 va lue s, re sults o r e ve nts ma y b e ma te ria lly 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 lia nc e o n fo rwa rd-lo o king sta te me nts. T his pre se nta tio 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 Inve stme nt Co mmissio n. T he info rma tio n in this do c ume nt re la ting to the E xpa nsio n Study is e xtra c te d fro m the a nno unc e me nts e ntitle d ‘ Po sitive E xpa nsio n Study Re sults Pro g re ss T he Ho ne ymo o n Ura nium Pro je c t T o PFS’ da te d 28 Se pte mb e r 2016. T he info rma tio n in this do c ume nt re la ting to the Mine ral Re so urc e s is e xtra c te d fro m the a nno unc e me nts e ntitle d ‘ Sub sta ntia l I nc re a se And Up g ra de I n Ho ne ymo o n Ura nium Re so urc e ’ da te d 20 Ja nua ry 2016 , ‘ Bo ss I nc re a se s Ho ne ymo o n Ura nium Pro je c t Re so urc e ’ da te d 8 April 2016, ‘ Maide n Re so urc e o f 5.2Mlb fo r Ja so n’ s De po sit’ da te d 14 June 2016 a nd is a va ila b le to vie w o n www.b o ssre so urc e s.c o m.a u. T he info rma tio n re la ting to the E xplo ra tio n T a rg e t is e xtra c te d fro m the a nno unc e me nt e ntitle d ‘ Ho ne ymo o n Pro je c t E xplo ra tio n Upda te ’ a nd da te d 8 De c e mb e r 2015. T he Co mpa ny c o nfirms tha t it is no t a wa re o f a ny ne w info rma tio n o r da ta tha t ma te ria lly a ffe c ts the info rma tio n inc lude d in the o rig ina l ma rke t a nno unc e me nts a nd tha t, in the c a se o f Mine ra l Re so urc e s o r Ore Re se rve s, a ll the ma te ria l a ssumptio ns a nd te c hnic al pa ra me te rs unde rpinning the e stima te s in the re le va nt ma rke t a nno unc e me nt c o ntinue to a pply a nd ha ve no t ma te ria lly c ha ng e d. T he Co mpa ny c o nfirms tha t the fo rm a nd c o nte xt in whic h the Co mpe te nt Pe rso n’ s finding s a re pre se nte d ha ve no t b e e n ma te ria lly mo difie d fro m the o rig ina l ma rke t a nno unc e me nts. T he E xplo ra tio n T a rg e t is c o nc e ptua l 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 ra l Re so urc e . It 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 ra l Re so urc e o r Ore Re se rve . 2

WHY URANIUM? Nuc le a r 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 r so urc e Ze ro c a 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 mb ina tio n o f nuc le a r, c o a l, g a s a nd re ne wa b le 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 d e re a dily • a c c e ssib le a nd a ffo rda b le 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 r mo 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 ” - K e 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 Global Re ac tor Gr owth Glo b a l nuc le a r po we 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 • 177mlb s to 280mlb s 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 RUCT ION Generation Capacity: 74,886 MWe • Annual Uranium Demand: 13,000 tonnes U • 441 OPE RABL E RE ACT ORS 173 PL ANNE D DE CE MBE R 2013 RE ACT ORS Generation Capacity: 374,067 MWe Generation Capacity: 187,740 MWe • • Annual Uranium Demand: 64,978 tonnes U Annual Uranium Demand: 32,600 tonnes U • • 5

CHINA 223mlb s U3O8 purc ha se d 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 d a , 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 39mlb s U3O8 RE ACT ORS OPE RAT ING UNDE R CONST RUCT ION PL ANNE D 21 6 4 With insta lle d c a pa c ity o f 6 Ca pa c ity o f 6 GWe T o ta lling 24 GWe GWe

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

HONEYMOON HIGHLIGHTS PE RMIT T E D T ARGE T INF RAST RUCT URE L OW CAPE X F ully pe rmitte d ura nium Sig nific a nt e xplo ra tio n ta rg e t E xpa nsio n Study hig hlig hts $170m pla nt a nd o pe ra tio n infra struc ture in pla c e lo w CAPE X e xpa nsio n Hug e 80+ km po te ntia lly (1 o f o nly 4 in Austra lia ) mine ra lise d strike US$57M to 2mlb pa a nd AISC o f US$24/ lb 2,600km 2 unde re xplo re d ura nium pro vinc e F urthe r e xpa nsio n to 3.6mlb pa 57.8mlb U 3 O 8 JORC Re so urc e 9