Boss Resources ( ASX:BOE )
Having recently delivered a maiden JORC Inferred resource at its Honeymoon Uranium Project, Boss Resources (ASX:BOE) is set to extend and upgrade its Resource and will soon start infill drilling at its Jason’s Deposit.
BOE believes this upcoming, high-impact drilling could add another 15-20 million pounds to the resource.
This would be a significant addition to the 2-5 million pounds per annum production target pencilled in for mid-2019 when BOE expects to start producing.
BOE is eyeing a Definitive Feasibility Study by the end of 2017 and is currently undertaking a study that will optimise and reduce costs for its planned expansion.
Results from the study are due this quarter. Combined with the infill drilling that will begin at the same time, the current quarter could be a very significant one for the company.
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BOE is producing strong numbers, is ready to start further drilling and is eagerly awaiting the results of its expansion study. All of this news is leading to the delivery a Definitive Feasibility Study by the end of 2017.
In the meantime we anticipating some big catalysts to rise up for this $46 million capped company as it continues its upward trajectory.
ASX Boss to Extend Honeymoon: Drilling Imminent
Aug 1, 2016
Boss Resources (ASX:BOE) is making significant progress on its Honeymoon Uranium Project – one of only four fully permitted uranium projects in Australia – and expects to deliver further positive results in the near future with the financials to match. The biggest recent news of late came in June when BOE delivered a maiden JORC Inferred resource at its Jason’s Deposit at its Honeymoon Uranium Project.