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Additional Information
Market:ASX
Sector:General Mining
EPIC:STB
Latest Price: 0.82  (0.61% Ascending)
52-week High:3.54
52-week Low:0.75
Market Cap:95.89M
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South Boulder Mines Full South Boulder Mines profile here

South Boulder’s (ASX: STB) flagship project is the world class Colluli Potash Fertilizer Project in Eritrea where mine production of 1Mt p.a. is scheduled for 2016 or sooner from the world's first open cut potash mine.

 

South Boulder also operates the Duketon Project in Western Australia where there is demonstrated potential for gold, nickel sulphide and base metal mineralisation.

Pdf

South Boulder Mines in pre-open pending maiden resource at Colluli

Monday, January 17, 2011
South Boulder Mines in pre-open pending maiden resource at Colluli

The ASX has granted a trading halt to South Boulder Mines (ASX: STB) pending an announcement of the maiden resource from the Colluli Potash project, with the company's shares placed in pre-open.

The Colluli story has been a very exciting one for South Boulder, as Colluli has been identified as the world's shallowest evaporite potash deposit, with the potential for open pit.

There has been a constant flow of positive drilling results over the past year, with the exploration target upgraded to 500 - 750 million tonnes of potash ores earlier in the month, from the initial 300 - 500 million.

The market has been a very strong supporter of the stock, with shares last trading at $3.51, which is 14 times higher than the $0.25 year low in January 2010.

 

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