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Boss Resources Ltd.
Summary
| Project: | Honeymoon | |
|---|---|---|
| Deposit: | Honeymoon | |
| Location: | Australia | |
| Commodities: | Uranium | |
| Date: | 9/28/2016 | |
| Report Code: | JORC | |
| Report Type: | Optimisation Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 28-9-2016: Boss Resources Ltd. announces a Optimisation Study report for its Honeymoon deposit at the Honeymoon project. Expansion Study results incl. $7M for plant re-start plus $57M for expansion to 2Mlbs/annum. Boss Resources Limited (ASX: BOE) (“Boss” | |
| Resources: | (Resource, Total): 40.1Mt @ 654ppm eU3O8 project total | |
| CP/QP: | [Overall Report]: Stewart Watkins (GR Engineering Service Ltd.) | |
| ABSTRACT: | Boss Resources Limited (ASX: BOE) (“Boss” or the “Company”) is pleased to announce that it has received positive results from its recently completed Expansion Study (“Study”) on the Honeymoon Uranium Project (“Project”). The Honeymoon Uranium Project is located in South Australia, approximately 80km north-west from the town of Broken Hill near the SA / NSW border. The Project consists of two main exploration areas (the Eastern and Western tenement regions) and comprises 1 granted Mining Lease and 5 granted Exploration Licenses with a number of associated retention and miscellaneous licences. The Board considers the results of this Study as positive and justifying the project moving to the prefeasibility study (“PFS”) stage. This Study has identified and detailed the opportunity to restart the existing plant (0.88Mlbs/annum) for minimal cost and to operate this during the construction of the expansion. This will generate early cash flow and ramp-up production from the wellfields more effectively. The Mineral Resource Estimate (“Resource”) used for the Study totals 57.8mlbs of contained U3O8 equivalent for the Honeymoon Project (see Table 1) and was reported in accordance with the JORC Code (2012). | |
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