Proactiveinvestors recommends

Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	STB
Latest Price:	1.22 (0.00%)
52-week High:	5.95
52-week Low:	0.85
Market Cap:	106.28M

1 year chart

1 day chart

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.

South Boulder Mines and Independence Group get more good news at Rosie nickel project

Monday, March 22, 2010

The slew of good news continues for South Boulder Mines (ASX: STB) as JV partner Independence Group NL (ASX: IGO) reports it has intersected 5.25m of massive, matrix and disseminated mineralisation during drilling Diamond Hole TBDD098 at Rosie Nickel Sulphide Project.

Preliminary analysis using a portable XRF machine indicates the intersection is significantly nickeliferous.

Lorry Hughes managing director of South Boulder Mines said, "this appears to be fantastic news for the JV with IGO. The Rosie Prospect is really starting to shape up as a significant nickel discovery."

"It is possibly Australia’s most exciting green fields nickel project. I’m looking forward to work continuing towards an initial resource”.

South Boulder entered a farm-out Joint Venture Agreement with Independence, whereby Independence can earn a 70% interest in the nickel rights on 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.

The hole was was drilled 50m down-dip of hole TBDD087 (announced on the 8th March 2010) which intersected: 4.55m @ 4.05% Ni, 0.74% Cu, 2.71g/t Pt+Pd from 575.31m including 3.03m @ 5.28% Ni, 0.36%Cu, 3.67g/t Pt+Pd from 575.31m.

Drilling is continuing at the Rosie Prospect and chemical assay results will be released to the ASX as they come to hand.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.