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Boss Resources Ltd.

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Summary

Project:

Honeymoon

Deposit:Jasons
Location:Australia
Commodities:Uranium
Date:6/14/2016
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:14-6-2016: Boss Resources Ltd. announces a Resource Estimation report for its Jasons deposit at the Honeymoon project. Initial resource at Jason's Deposit: 2.8Mt @ 840ppm eU3O8 for 5.2Mlbs U3O8 contained (Inf.). Boss Resources Limited (ASX: BOE) (“Boss” o
Resources:(Resource, Total): 40.1Mt @ 654ppm eU3O8 for 57.8Mlbs U3O8 contained at Honeymoon project total
CP/QP:[Resources]: Dr. Marat Abzalov (Internal)
ABSTRACT:Boss Resources Limited (ASX: BOE) (“Boss” or the “Company”) is pleased to announce a maiden JORC 2012 Inferred Mineral Resource of 2.8Mt at 840ppm eU3O8 for 5.2Mlb U3O8 (above a 250ppm eU3O8) for the Jason’s Deposit at the Company’s Honeymoon Uranium Project, South Australia. The Jason’s Deposit is located at the northern end of the Yarramba palaeochannel which also hosts the 27.6Mlb Honeymoon Deposit (Figure 1). The Resource is based upon an extensive review of the historical drilling database of 165 drillholes that Boss acquired with the Honeymoon Project in December 2015 from Uranium One Australia Pty Ltd. The addition of this Mineral Resource has increased the Global Mineral Resource for the Honeymoon Project to 40.1Mt at 654ppm eU3O8 for 57.8Mlb U3O8 (Table 1). Boss Director of Geology, Dr Marat Abzalov, commented: “The maiden resource for the Jason’s Deposit of 5.2Mlb has been estimated using 165 historic drillholes. We are confident that further infill drilling to be completed in quarter 3 will allow a further delineation of the uranium rollfronts and consequent increase in the resource for the Jason’s Deposit.”

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