In a food processor add the roasted peanuts and sugar and process until you have very small pieces. We want it bit chunky and not a paste. Keep it aside
Melt the chocolate in microwave or on a double boiler.
Take each ball, using a fork roll it in the melted chocolate coating completely.
Tap the fork gently on the side of the bowl letting the excess chocolate drip off.
Immediately roll this in the peanut sugar mix and roll it multiple times so that it is evenly coated on all sides.
Place the prepared balls in the pan and repeat the above steps for the rest of the balls.
Refrigerate this for a more firmer texture or one can set them at room temperature too.