By Bevis Yeo,
South Boulder Mines (ASX: STB) has reached a major milestone in the development of its Colluli Potash Project in Eritrea with the signing of a binding term sheet agreement with the Eritrean National Mining Corporation (ENAMCO).
Importantly, the agreement provides significant certainty as to the economic and fiscal basis under which the project can be developed, assisting the company in its ongoing discussions with potential strategic investors.
“The signing of a binding term sheet with ENAMCO is a significant milestone for STB,” South Boulder chief executive officer Paul Donaldson said. Continue reading South Boulder Strikes a 50/50 Profit Sharing Agreement with ENAMCO