Boss Resources (ASX:BOE) has been transformed into an advanced uranium developer through the astute acquisition of the Honeymoon Uranium mine in South Australia (BOE 80%).
Honeymoon is one of the highest grade un-mined uranium resources in Australia, and 1 of 4 fully permitted uranium projects in the country.
The mine, which is currently on care and maintenance, has existing infrastructure and a uranium processing facility.
The resource was recently upgraded by 66% to 27mlb U3O8, with further resource calculations underway.
Broker Patersons has a Speculative Buy on Boss, with a 12-month target price of A$0.10-0.13 per share.
Boss last traded at $0.042.
Meet Grant Davey at Proactive's Spotlight CEO Sessions in Sydney and Melbourne in March 2016
To find out more on Boss Resources, register to attend Proactive's Spotlight CEO Sessions in March.
Sydney Investor Luncheon, Tuesday, 8th March
Melbourne Investor Luncheon, Wednesday, 9th March
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