Place the peanuts, salt and honey into the bowl of a food processor. Process for 1 minute.

Scrape down the sides of the bowl. Place the lid back on and continue to process while slowly drizzling in the oil and process until the mixture is smooth, 1 1/2 to 2 minutes.

Place the peanut butter in an airtight container and store in the refrigerator for up to 2 months.