Abstract: A method and composition are provided for preparing slurry explosive formulations characterized in containing separate liquid and particulate phases. The liquid phase is a detonation insensitive paste-like pre-mix composition having an extended shelf life and being adapted for ultimate combination with sufficient particulate material to form an efficient explosive. The pre-mix composition includes a gum or thickener but is not gelled or cross-linked, in order to facilitate ultimate on-site mixing in a rapid manner and without the need for complex equipment.