Uranium mining australia


Near term production with substantial exploration upside in underexplored Uranium Province

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Boss Resources is an ASX listed company who has recently acquired the Honeymoon project in South Australia which is only one of four Uranium projects fully permitted in Australia.  There has been over 170 million spent in infrastructure alone since 2011 on the project with the plant and equipment fully maintained.The Honeymoon Project is an In Situ Leach Uranium (ISL) mining operation.  Although not common in Australia ISL is the most common form of uranium production globally and have many advantages (including environmental) in comparison to traditional hard rock mining.  The Honey moon project compares favourably to the worlds leading ISL operations with shallow high grade deposits of uranium.


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About the Honeymoon Uranium Project

ASX-listed minerals developer Boss Resources is advancing its Honeymoon Uranium Project in South Australia toward a restart of operations. The company, which acquired the in-situ recovery (ISR) project from Uranium One Australia in 2015, completed a Prefeasibility Study earlier this year, which indicated a low capital outlay for expedited restart. The study also highlighted significant potential for further resource expansion and life-of-mine extension for the project.

The company, based in Perth, Western Australia, has completed the planning and design activities for a Field Leach Trial (FLT) at the Honeymoon Project. The leach trial has recently started-up and solution tenors are building-up as leaching progresses. The trial is expected to be completed by year end, by which time an ion exchange (IX) piloting campaign will also have been completed. The FLT, with the IX piloting, will form a key part of the Definitive Feasibility Study. Boss Resources is planning to restart Stage 1 production at the Honeymoon Project in 2019, which is expected to be followed with Stage 2 production in 2021.

The company also owns the undeveloped Lilltrask and Nottrask nickel-copper projects in northern Sweden, as well as two prospective gold projects in the West African nation of Burkina Faso. In this article, TradeTech presents a conversation with Boss Resources Managing Director, Duncan Craib.

burkina faso gold

Burkina Faso

On 4 July 2014, Boss and Gryphon Minerals Ltd (“Gryphon”) executed definitive earn in agreements and an equipment sale agreement whereby Gryphon can earn up to 80% of the Company’s highly prospective gold projects in Burkina Faso.


nottrask project sweden


Boss Resources was granted its application for a new 37km2 exploration license known as Nottrask in northern Sweden in October 2014. Nottrask is a 10km long x 5km wide “eye” shaped intrusion that has outcropping of massive and breccia nickel (up to 1.25% Ni) and copper (up to 1.82% Cu) sulphides contained in an 80m long gossan exposed on the southern side of the license


lilltrask sweden project


Boss Resources limited is pleased to announce that it has been granted the Lilltrask Ni/Cu Project in Northern Sweden. Encouraged by the results of the Company’s first exploration drilling in Scandinavia (20.3m @ 0.3% Ni and 0.2% Cu at the Skogtrask project in Sweden, ASX: 28 August 2014), the Company has aggressively pursued its program for the identification of new exploration targets in northern Scandinavia.



Uranium investment increasingly compels the attention of serious investors throughout the world. Uranium demand is expected to increase by 50 percent by 2030 as more and more reactors come online in China, the United States and the U.K. [1] In the face of increasing demand, limited supplies and scaled-down uranium mining operations worldwide, the boom side of the boom-and-bust cycle is inevitably drawing closer. Investing in uranium mining for the long-term is guaranteed to pay off eventually as reserves dwindle while demand increases.

Other favourable intelligence for investing in uranium includes President Trump’s pro-nuclear and pro-business stance and an inevitable rise in demand after an 80-percent decline in prices. [2] Savvy investors also understand that investing in Australia mining concerns generates a big strategic advantage over other uranium investments. That’s because Australia’s uranium reserves are the largest in the world and estimated to comprise about one-third of the world’s total supply. [3]

A Note from our Managing Director

Duncan Craib

Managing Director

Mr Craib has been appointed to lead the next stage of development of the Honeymoon Uranium Project.  Mr Craib has served as Finance Director to Swakop Uranium (Pty) Ltd from 2012 to 2016 where he was heavily involved in the US$2.5 billion development and construction of its world class Husab uranium mine in Namibia.

Husab is currently being commissioned and once in production will be one of the largest mining and processing uranium projects in the world. mining 150Mt on an annual basis and generating 15Mt of ore to produce 15Mlbs of uranium oxide.  During his time in Namibia, Duncan chaired a Namibian Uranium Association committee to address key power and water risks affecting all uranium mines and exploration projects operating in the Erongo region, including Rio Tinto’s and Paladin’s regional uranium mines.  Prior to 2012, Duncan served in London as CFO to Kalahari Minerals Plc under the chairmanship of Mark Hohnen.


Mark Hohnen


Mr Hohnen has been involved in the mineral business since the late 1970s and has had extensive international business experience in a wide range of industries including mining and exploration, property, investment, software and agriculture. He is an experienced director having held a number of directorships in both public and private companies.

Currently Mr. Hohnen is a Board member of Swakop Uranium, the owner of the Husab uranium project. Husab is the world’s second largest uranium operation in terms of production with construction of a 15 mlbs uranium per annum mine and treatment plant nearing completion.

Mr. Hohnen was founding Executive Chairman of Kalahari Minerals Plc, a company founded in 2005 to explore for uranium and base metals in Namibia. Kalahari (KAH) was listed on AIM in March 2006 with a market capitalisation of Stg£15 million. In 2011, Kalahari Minerals Plc was valued at Stg£750 million and was ultimately the subject of a corporate transaction in 2012 valued at $US2.2 billion.

Evan Cranston

Non-Executive Director

Mr Cranston is a corporate lawyer with experience in publicly listed entities including capital raisings, initial public offerings and liaison with market analysts and potential investors.

He has a detailed knowledge of Corporate Governance, the Australian Securities Exchange’s Listing Rules and the Corporations Act. Mr Cranston is also currently Executive Director of Attila Resources Ltd (ASX: AYA), Non-Executive Director of Cradle Resources Limited (ASX:CXX) and Non-Executive Director of Carbine Resources Limited (ASX:CRB).


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Fully permitted uranium operation (1 of only 4 in Australia)



$170m plant and infrastructure in place



Significant exploration target
Huge 80+ km potentially mineralised strike 2,600km2 underexplored uranium province 57.8mlb U3O8 JORC Resource



Expansion Study highlights low CAPEX expansion US$57M to 2mlbpa and AISC of US$24/lb
Further expansion to 3.6mlbpa

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