A preliminary assessment for a restart is to be completed by December, with drilling and various studies undertaken in the interim.

Honeymoon, which 80km northwest of Broken Hill, is a potential 3.2 million pound per annum operation with all-in sustaining costs pegged at US$23.90/lb and capital costs of $68 million - the latter a function of already established infrastructure at the previously short-lived operation.

The spot price of uranium is currently edging up towards $23/lb, with a long awaited renaissance for the sector seen as gathering some momentum as established producers such as Paladin close operations and power utilities move towards securing future supply.

Boss raised A$7-8 million in April when it issued new shares priced at 4c.

Shares in the company closed up 4% at 7.3c Friday, capitalising the company at $115 million.