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BOSS ENERGY LTD — M&A Activity 2024
Jul 28, 2024
64549_rns_2024-07-28_17edc9bb-9142-42b7-b53b-99749c2a3b86.pdf
M&A Activity
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ASX Release 29 July 2024
Boss Energy Limited (ASX: BOE; OTCQX: BQSSF) notes the recent media speculation regarding discussions between Boss and Energy Resources of Australia (ERA) regarding Jabiluka.
Boss confirms that, following encouraging discussions with key stakeholders in recent weeks, it responded with a highly conditional offer to acquire the Jabiluka uranium site in the Northern Territory.
The non-binding offer, which was put to Jabiluka’s leaseholder ERA, contained several key conditions precedent. These included that any transaction involving Boss would have the full support and approval of the Mirarr traditional owners, the Northern Land Council, relevant regulatory bodies and the Federal Government. The offer was also subject to satisfactory due diligence being completed by Boss (including being satisfied with the Jabiluka mining lease).
Boss made the offer in the belief that there may be a limited opportunity to acquire the asset in a structure that could benefit all stakeholders.
Given the Federal Government’s decision late last week to end the mineral lease on Jabiluka, Boss has withdrawn the offer and discussions have concluded.
Boss will continue to evaluate value accretive development opportunities to grow production and cashflow in tier-one locations.
This ASX announcement was approved and authorised by the Board of Boss Energy Limited.
For further information, contact: Duncan Craib Chief Executive Officer P: +61 (8) 6263 4494 E: [email protected]
For media enquiries, contact: Paul Armstrong Read Corporate P: +61 (8) 9388 1474 E: [email protected]
FOR FURTHER INFORMATION PLEASE CONTACT:
Boss Energy Limited Duncan Craib - Managing Director/ CEO ABN 38 116 834 336 +61 (08) 6263 4494 Level 1, 420 Hay Street, Subiaco Paul Armstrong – Public Relations Western Australia 6008 +61 (08) 9388 1474
ASX: BOE OTCQX: BQSSF www.bossenergy.com[ @Boss_Energy ]