Boss Energy. Boss Energy.
Boss Energy is an ASX-listed uranium company focused on the re-start of the Honeymoon Uranium Project in South Australia. Honeymoon represents one of the few uranium projects globally that is ready to come on-stream in the early stages of the emerging uranium bull market, with first production targeted for Q4 2023.
Rectangle 28

Honeymoon is fully permitted, with $170M of established infrastructure already in place, including a well-maintained plant currently under care and maintenance. South Australia is a Tier-1 mining jurisdiction, with established export pathways to international energy markets.

Boss has a current Resource base of 71.6Mlb of contained U3O8 at Honeymoon and holds a large inventory of 1.25 million pounds of physical uranium which has been stockpiled to provide off-take flexibility and de-risk contract delivery during the project’s commissioning phase.

In parallel with its project re-start activities, Boss also has an active exploration program underway aimed at expanding its existing Resource base and making new discoveries.

Boss has a best-in-class development and operational team, with a proven track record in the uranium industry.

The Company has a strong commitment to sustainability, utilising in-situ recovery to lower energy requirements, reduce carbon emissions and minimise ground disturbance.

Frame 14217

Over 100 years of collective experience

See our team's extensive knowledge and proven track record, acquired over a century of experience.

Project Highlights

Ready to go

The Honeymoon Project is a fully permitted, restart mine. Boss is targeting first production in Q4 2023, making it Australia’s next uranium producer.

Feasibility study completed

Outstanding FS results, based on a conservative uranium price, position Honeymoon as one of the world’s most advanced uranium development projects with low capital intensity. Read the Honeymoon Enhanced Feasibility Study.

Leading the world to market

Boss is perfectly placed to capitalise on a strengthening uranium market with an existing plant and mine in a tier-one location with low costs and strong financial returns

Physical Inventory of 1.25M lbs U3O8

In March 2021 Boss Energy Ltd purchased 1.25 million pounds of uranium on the spot market at an average price of US$30.15 per pound. This acquisition was funded by a A$60m share placement. The uranium is stored at a conversion facility in North America.

The acquisition of the strategic uranium inventory has provided several significant benefits for Boss, including:

  • Enhanced financial position to support the planned re-start of the Honeymoon Uranium Project;
  • Increased flexibility in project funding and offtake negotiations with customers.
  • De-risking Honeymoon re-start during commissioning phase;
  • Remaining fully leveraged to any future appreciation of uranium price on the back of tight supply demand fundamentals.
Optimise Restart Timing
Optimise Restart Timing
  • Provides restart optionality
  • Exercise patience in a rising price environment - platform to maximise shareholder value
  • Enhanced visibility to uranium price movements
Offtake Flexibilty
Offtake Flexibilty
  • Boss presents as an attractive counterparty
  • Retain offtake contract execution flexibility
  • Potential to sell into offtake(s) either before Honeymoon's restart, during commissioning or into the future
  • Remain fully leveraged to future price increases
Strengthen Balance Sheet
Strengthen Balance Sheet
  • Strengthens the balance sheet- leverage to the uranium price during commissioning
  • Delivers optionality - ability to use inventory as collateral to support Honeymoon's future funding requirements
  • Provide initial funding towards Honeymoon's restart capital requirements
Aligned with Honeymoon
Aligned with Honeymoon
  • De-risks contract delivery during commissioning
  • Uranium inventory equates to 6 months of steady state production
  • Purchase price lower than Honeymoon's average all-in cost (AIC) of production ~US$32/lb
Marketing Advantages
Marketing Advantages
  • Significant benefits for uranium marketing
  • Strengthening the marketing infrastructure and in-house management expertise for the purchase and trading of uranium
  • Ability to layer contracts over time - first mover advantage amongst ASX peers

Keep up to date with the latest from Boss Energy

We’ll send you important information regarding upcoming community events and project updates. You can unsubscribe at any time.

Thank you!
Thanks for subscribing! Look out for our important information regarding upcoming community events and project updates in your inbox.