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South Boulder Mines Limited

 Listed in 2003, South Boulder Mines (ASX:STB) is a diversified explorer focused on potash, nickel and gold. South Boulder has a 100% interest in the Colluli Potash Project in Eritrea and a 100% interest in the Duketon Gold Project in Western Australia.

The Colluli Potash Project has a current JORC Compliant Measured, Indicated and Inferred Mineral Resource Estimate comprised of 133.70Mt @ 17.55% KCl of Measured Resources, 343.33Mt @ 17.38% KCl of Indicated Resources and 87.37Mt @ 24.96% KCl of Inferred Resources for a total of 564.40Mt @ 18.60% KCl (total contained potash of 104.96Mt); This includes higher grade Sylvinite of 130.39Mt @ 27.02% KCl. There is an exploration target of 1.25 - 1.75 billion tonnes @ 18-20% KCl. A definitive feasibility study into the open pit mining and processing to produce up to 10Mt p.a of potash is underway.

Within the Duketon Gold Project area, South Boulder entered a farm-out Joint Venture (JV) Agreement with Independence, whereby Independence can earn a 70% interest in the nickel rights on JV tenements held by South Boulder in the Duketon Project, by the completion of a Bankable Feasibility Study within 5 years of the grant of the relevant tenement.

OTC:SBMSY ISIN:US8367091050

News

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.

🕔5/24/2012 5:28:47 AM

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.

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South Boulder Mines Limited (ASX:STB) Corporate Advisor Appointed

🕔3/28/2012 9:42:00 AM

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.

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South Boulder Mines Limited (ASX:STB) Discussion with ENAMCO for Paid Participation Interest in Colluli Potash Project

🕔3/26/2012 9:24:00 AM

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.

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South Boulder Mines Limited (ASX:STB) Drilling Recommenced at Duketon Nickel JV

🕔2/27/2012 8:24:00 AM

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.

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South Boulder Mines Limited (ASX:STB) Divestment of Cardabia Phosphate Project

🕔2/17/2012 8:28:00 AM

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.

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South Boulder Mines Limited (ASX:STB) Quarterly Activities Report

🕔1/31/2012 2:00:00 PM

South Boulder Mines Limited (ASX:STB) is pleased to provide a quarterly report for the period ended 31 December 2011.

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South Boulder Mines Limited (ASX:STB) Colluli Potash Project Corporate Video

🕔1/18/2012 10:05:00 AM

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.

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South Boulder Mines Limited (ASX:STB) Colluli Drilling and Feasibility Update

🕔1/11/2012 12:11:00 PM

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.

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South Boulder Mines Limited (ASX:STB) Appoints Flavio Garofalo as Chief Financial Officer

🕔1/4/2012 2:37:00 PM

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.

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South Boulder Mines Limited (ASX:STB) Reports Positive Results from the Scoping Study for the Colluli Potash Project

🕔11/23/2011 8:23:00 AM

South Boulder Mines Limited (ASX:STB) is very pleased to report that Discounted Cash Flow financial modeling for the base case Stage 1 open pit mining and processing of the Colluli Potash Deposit has returned highly favourable economics.

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Company Data

    Headquarters
  • Ground Floor
    31 Ventnor Avenue
    West Perth WA 6005
    Australia
  • Telephone
  • +61-8-6315-1444 
  • Fax
  • +61-8-9486-7093 
  • Principal Sector
  • Mining 
  • Principal Industry
  • Materials 
  • Listed
  • 2003/10/17 
  • Homepage
  • www.southbouldermines.com.au

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