East Africa focused emerging potash company South Boulder Mines (ASX:STB) is on the development path at its Colluli Potash Project in southern Eritrea, East Africa, where the company's work on a pre-feasibility study is well advanced.
South Boulder Mines Limited
CMSC owns exploration tenements spanning over 400km2 within the Danakil Depression in South East Eritrea.
Since 2010, 97 holes have been drilled identifying a resource containing more than one billion tonnes of potassium bearing salts suitable for the production of potash fertilisers.
South Boulder Mines Ltd is currently working on the Feasibility Study to support the development of the project.
FINANCE VIDEO: South Boulder Mines (ASX:STB) CEO and MD Lorry Hughes Speaks with ABN Newswire's CEO Tim Mckinnon at Hard Assets New York 2012.
Mr Lorry Hughes BSc. MAusIMM, is a Geologist with 20 years industry experience and has been South Boulder Mines' CEO and Managing Director since 2008. Mr Hughes has held senior management positions on exploration and operational mining projects for Energy Metals Ltd, CSA Australia Ltd and Energy Resources Australia Ltd.
South Boulder Mines Limited (ASX:STB) is pleased to announce the appointment of Azure Capital Limited ("Azure") as corporate advisor. Azure's primary role will be to assist with the evaluation of the Colluli Potash Project in respect of the paid participation interest of the Eritrean Government through the Eritrean National Mining Corporation ("ENAMCO") referred to in South Boulder's ASX release dated 26th March 2012.
South Boulder Mines Limited (ASX:STB) Discussion with ENAMCO for Paid Participation Interest in Colluli Potash Project
South Boulder Mines Ltd (ASX:STB) is very pleased to announce that the Eritrean Government through the Eritrean National Mining Corporation ("ENAMCO") has requested that South Boulder submit a proposal to commence discussions regarding ENAMCO's intention to acquire up to a 30% paid participating interest in the Colluli Potash Project.
South Boulder Mines Ltd (ASX:STB) is pleased to announce that Diamond and RC resource definition and extension drilling has recommenced at the Duketon Nickel Joint Venture (DNJV) located ~120km NNW of Laverton in Western Australia. Independence Group NL (ASX:IGO) is earning 70% of the nickel rights by sole funding exploration and development through to the completion of a Bankable Feasibility Study (BFS) within 5 years of the grant of the relevant tenement.
South Boulder Mines Limited (ASX:STB) is pleased to announce that it has entered into a joint venture agreement with TSX listed Strata Minerals Inc. (CVE:SMP) on the non-core Cardabia Phosphate Project in Western Australia.
South Boulder Mines Limited (ASX:STB) is pleased to provide a quarterly report for the period ended 31 December 2011.
South Boulder Mines Limited (ASX:STB) has recently created a corporate video detailing the Colluli Potash Project in Eritrea. The video is titled "The Colluli Potash Project" and it is available for viewing subject to the disclaimers featured in this release.
South Boulder Mines Limited (ASX:STB) is pleased to provide an update on drilling and definitive feasibility study (DFS) activity in relation to the development of the Colluli Potash Deposit in Eritrea. The completion of a highly positive engineering scoping study (ESS) in November has allowed the Company to expedite the transition to potash production in 2016 or sooner.
South Boulder Mines Ltd (ASX:STB) is very pleased to announce the appointment of Mr Flavio Garofalo in the new role of Chief Financial Officer, effective from February 2012.