Rising demand for uranium means the time is right to re-start the Honeymoon uranium mine in South Australia after six years of lying dormant, the chief executive of Boss Resources says – particularly as more nuclear power stations are likely to be built.

Duncan Craib said the group has spent about $18 million over the past three years in preparation for a re-start, with a feasibility study released on Tuesday showing a clear and sensible path to resuming production.