Boss Resources Ltd (ASX:BOE) executive director, Grant Davey, discussed the Honeymoon acquisition with investors this week as part of Proactive Investors Spotlight CEO Roadshow in Sydney and Melbourne.
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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.
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