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Boss Resources Ltd.
Summary
| Project: | Honeymoon | |
|---|---|---|
| Deposit: | Honeymoon | |
| Location: | Australia | |
| Commodities: | Uranium | |
| Date: | 5/31/2017 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 31-5-2017: Boss Resources Ltd. announces a Pre-Feasibility Study report for its Honeymoon deposit at the Honeymoon project. Pre-Feasibility Study results incl. LOM 7yrs and payback period 3.6 years. Boss Resources Limited (ASX: BOE) (“Boss” or the “Compan | |
| Resources: | (Resource, Total): 43.5Mt @ 660ppm eU3O8 for 63.3Mlbs U3O8 contained at Honeymoon | |
| CP/QP: | [Overall Report]: M. Abzalov (Internal) | |
| ABSTRACT: | Boss Resources Limited (ASX: BOE) (“Boss” or the “Company”) is pleased to announce the completion of the Preliminary Feasibility Study (“PFS” or “Study”) on its Honeymoon Uranium Project (“Project”) in South Australia. Boss CEO, Mr Duncan Craib, stated the PFS presents an overwhelming endorsement of the Honeymoon Project and marked another significant milestone for the Company as it advances towards production. “The Honeymoon Project is unique in that it is a fully permitted uranium operation with $170M of established infrastructure, a plant under care & maintenance, in good condition, and that has produced and exported uranium from the safe jurisdiction of South Australia, where it holds approved Heritage and Native Title mining agreements. “To ensure a pathway for continued success a staged approach to restart the Project was implemented by the Board to address the challenges which the previous owners had encountered. Within a relatively short period of time Boss Resources successfully proved up an increase in the uranium resource and in September 2016 completed an Expansion Study which provided the basis for this highly successful PFS, the exciting and confirmatory results of which are presented herein. “The PFS has delivered impressive results, confirming the technical and financial robustness of the Honeymoon Project which incorporates a combination of low upfront capital requirements and low operating costs that are unrivalled amongst our ASX peer group. The economic rationale of this Study arguably positions the Company to be Australia’s next uranium producer.” | |
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