Thanks, Paul, and thanks for staying in here. It's great to be here, Diggers & Dealers, and an opportunity to talk about Boss Energy. I think I'll talk to three key themes in the presentation. One is uranium and where we see uranium go and how we think that's in structural deficit. I'll talk about Honeymoon. It's an operating asset in South Australia, producing uranium in its growth pathway, and ultimately, too, about why Boss and why we believe we can add shareholder value to the organization. As I said, we're uniquely positioned. We're uniquely positioned to drive shareholder value. We are Australia's only ASX-listed producing uranium company domestically. That's hard to repeat. That in itself is a real strong driver for us. We have unique operating skill sets, especially in ISR and uranium. We're in production.
We have a strong balance sheet, AUD 207 million of cash, plus our liquid assets. We have a pathway to grow our portfolio. I talk about that growth through Goulds. Ultimately, they're all low-capital options for us as we look at how we grow this portfolio. We're in a position to produce uranium in a market that's facing continued growth demand. We're in a great position. Slide here is our portfolio and shows our portfolio on a page. Producing assets, but also growth assets in the portfolio. Two operating assets, Honeymoon, which I'll talk to in detail in this presentation. It's produced about 2 million pounds since it came into production in April 2024. We also have a 30% interest in a uranium asset out of South Texas with enCore. Producing about 270,000 lbs of uranium to Boss' account since also coming into production.
We're excited about our growth portfolio in the asset, principally Goulds and Jasons. They're satellite deposits to Honeymoon, and their option to bring them into production. We also own a 19% interest in Laramide, who own the Westmoreland project, one of the largest undeveloped uranium projects here in Australia. We're strategically positioned with operating assets, plus the growth assets, plus options on how we create value for our shareholders. Where we are today. We are developing our capabilities. We are ramping up our production, and we are unlocking value. We have developed some of the best in class in ISR. I'll talk about ISR, but we are becoming global leaders in ISR mining. We're continuing to ramp up production. This is our third year of production at Honeymoon. We've got proven extraction methodologies for Honeymoon. We delivered to our guidance.
We delivered 1.4 million pounds this financial year, and we're well-positioned to continue to drive that. We're cash flow positive this year as well. We're just completing a new feasibility study, which I'll talk to a little bit of detail about how we're transitioning our design on our well fields. Ultimately, this is to unlock the value of that resource under a lower cost structure. Majority of the capital is complete at Honeymoon. We successfully ramped up that production. We're operating out of five NIMCIX columns. Also that portfolio of the satellite deposits really provides us an opportunity to continue to grow at low cash cost. Before I talk to Boss in a little bit more detail, I'll just talk to the uranium market and specifically nuclear energy. Nuclear energy is one of the most reliable, it's cleanest, safest, and most effective sources of energy.
Uranium as a product is one of the most energy-dense fuel sources. One ton of uranium on equivalent power generation is equivalent to around 20,000 tons of coal and about 8.5 million cubic metres of gas. Our production from Honeymoon alone would be equivalent to powering South Australia for about two and a half years. We're seeing a fundamental shift in nuclear. We're seeing nuclear becoming part of policies around the world. 38 countries are committing to triple their nuclear capacity by 2050. U.S. is looking at quadrupling their capacity by 2050. We see India. India is committing to about 100 GW of nuclear power. Only this week, they committed about $178 billion just on infrastructure for nuclear power generation. For me, it's not a question about decarbonization of nuclear.
What it's about is about energy security, it's about grid reliability, and ultimately it's about economic competitiveness, and that's what's driving this nuclear sector, what we're seeing. How this relates to uranium and uranium demand? Well, demand's relatively given, and it's given because the nuclear power plants are in operation. It's given because these power plants are under construction. It's given because of this policy setting. There are about 438 nuclear reactors currently operating. 79 are in construction, 124 are planned, and there are about 311 being proposed. We see governments embedding nuclear in their long-term strategies. We see supportive policy environments which facilitate further growth in nuclear. We see hyperscale as all the data and data AI looking at focusing on clean baseload power for data centers. Nuclear reactors are being extended and coming back online, and we are seeing that capital commitment to new nuclear builds.
Coupled with demand, we also have the supply. Now, supply is structurally constrained. In the uranium space, there's not a lot. There are two uranium companies talking, the two Diggers this year. There are not a lot of opportunities. There is not a big pipeline of projects. We need about 150 million pounds of unproven production to actually come into the production profile by 2040 just to meet demand. We see the current legacy assets are being depleted by about 30% by 2040. We also see a lot of these restarts, including ourselves, coming to market, but there are no other restarts. We all understand the time it takes to just make discoveries and bring new mines in, but from a uranium perspective, we also have regulatory frameworks that are relatively stringent, which puts additional time and time pressures on these assets. We see geographic constraints.
Globally, supply is relatively restricted to a few companies and a few locations. This also introduces a whole lot of geopolitical risk or bifurcation of that market. The graph on the diagram here on the page shows production, and it shows that supply deficit. 217 million pounds or 232 million pounds, depending on which case you look, has to come into market. It is about 100%-150% of the entire market today to meet this demand growth. Ultimately, for us, that's what gives us confidence in the uranium price and where uranium price will continue to go. Switching to Honeymoon and Honeymoon Operation. There's a photo here of the Honeymoon Operation. You'll see the columns, the NIMCIX columns. There are five in operation, about to make a capital decision on the sixth column. It's in place.
It just needs electrical and plumbing and a bit of fiberglass work. We are one of only three uranium mines in Australia, as I said. Only one of two ISR mines in Australia. Successfully commissioned and started production from Honeymoon since April 2024, producing uranium. Majority of the capital is complete. We've gotten five NIMCIX columns currently operating at Honeymoon. This is our equivalent to our open pit or heap leach pad or underground operation. This shows the ISR field. What you see there, and I'll talk a little bit about ISR, what you're seeing there is the wells. You're seeing the trunk lines and the spider lines feeding the wells, going into the filter houses and pump houses. It's not tons. The whole thing's about pumping solution around for us. 58% of global uranium comes from ISR.
Although we're only two in Australia, it's quite common elsewhere, it is a large source for uranium globally. How it works, we have injector and extractor wells. What we do is we inject a lixiviant down the injector well. That lixiviant changes pH, sulfuric, has some peroxide and ferric. What it does is leach the uranium and come back out the extractor, we pass that through the aquifer or through the ore body and extract the uranium until we've depleted that resource. Ultimately, it's low impact, low CO2 emissions, low surface disturbance through the well fields. You saw that photo. Very easy to rehab. No requirements for open pits, waste dumps, tailings dams. Ultimately, from a waste and water source, because we're just utilizing a closed circuit, very efficient from water usage as well.
From a Honeymoon perspective and operation perspective, produced 1.4 million pounds for this financial year, up 61% from last financial year of 872,000 lbs. We've demonstrated the operational capacity with the restart. Got six well fields in production, B1 to B6. We've got those five columns in production. Strong control on cost. We delivered to guidance on our cost. C1 cost for last financial year 2026, was AUD 39 a pound. All-in sustaining cost, about AUD 61 a pound . In the U.S., the uranium price sits around about that $90 a pound. Margin from Honeymoon was about AUD 37 a pound last quarter. We're continuing to improve project economics, one of these ways we're improving that project economics is how we're adopting these wide-spaced well field design, which enables us to actually optimize that resource. Honeymoon has a unique characteristic from a deposits perspective.
It's got high permeability, it's got low acid consumption, it's got good hydraulic connectivity, we've got good control on groundwater and groundwater movements. That enables us to look at how we mine Honeymoon differently and adopt a different well field spacing look at these broader well fields rather than tight well fields. That photo, that image there, just shows some of those well fields that we're developing as we continue to develop the whole paleochannel through well fields. Going to deliver a study at the end of this month talking about our approach to how we're going to drive value through these well fields and change the well field design. How we are transitioning our approach or our design to these wide-space. Which is ultimately a better way to mine the Honeymoon resource.
It reduces our cost structure, it reduces our C1 cost, it also reduces our all-in sustaining cost. Coupled with Honeymoon, we also have satellite deposits, Goulds and Jasons. Goulds is about 80 km from Honeymoon. Has 33 million pounds in resource. Jasons, about 13 km from Honeymoon. Has 12 million pounds of resource. Mineralization remains open, but they also are very amenable to ISR and these wide-spaced well field approach that we're going to be adopting. Ultimately, we'll be able to leverage the whole Honeymoon infrastructure. When we bring these assets into production, they will be a low-cost growth pathway for the business. Financial strength, relatively unique for Boss. We've got AUD 207 million in cash and liquid assets. We're cash flow positive despite capital intensive year generated out of Honeymoon. Strategically, we remain uncontracted with our uranium, and we're highly leveraged to the uranium market.
We have about 1.58 million pounds of uranium in inventory, which also has, if you put it into market value, has a market value of about AUD 192 million in its own right. We're capitalized to support organic growth going forward. To wrap up and to finish, we're producing uranium here in Australia and in the U.S.. We've got the capital structure in place to unlock value, and we'll continue to look through that. We've got the financial strengths, we've got the growth in the portfolio, and we've got a supportive macro environment. Thank you