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Additional Information
Market:ASX
Sector:General Mining
EPIC:STB
Latest Price: 1.25  (0.81% Ascending)
52-week High:5.95
52-week Low:0.85
Market Cap:108.89M
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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.

South Boulder Mines raises $1.075m from options exercise

Tuesday, June 15, 2010
South Boulder Mines raises $1.075m from options exercise

ASX and Frankfurt-listed South Boulder Mines (ASX: STB; Frankfurt : SO3-Fra) has raised $1.075 million from the conversion of 2.150 million options priced at $0.50c each expiring on the 13th June 2010.

Lorry Hughes, managing director of South Boulder said it was likely a further 1.525 million options would be converted by 31st August 2010, raising an additional $0.650 million.

South Boulder last traded at $0.73.

The Current Cash/NTA balance is ~ $5.700 million.

The company will look to follow on recent exploration success at the Duketon Nickel, Duketon Gold and the Colluli Potash Projects.

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