Tag Archives: Potash deposit

Danakali’s Colluli Asset Recognized as World’s Superlative Potash Deposit: Daniel Stewart

Danakali Limited is set to become the world’s largest player in the potash field, broker Daniel Stewart said
Danakali Limited is set to become the world’s largest player in the potash field, broker Daniel Stewart said in his research note entitled “Danakali Limited: Probably the best mine in the world”

BY PROACTIVE INVESTORS

Never mind Sirius Minerals, Danakali Limited (LON:DNK) is set to become the world’s largest player in the potash field, broker Daniel Stewart said.

In a research note entitled “Danakali Limited: Probably the best mine in the world”, the broker said the company’s 50 percent owned Colluli asset in Eritrea is “recognized as the world’s superlative potash deposit”. Continue reading Danakali’s Colluli Asset Recognized as World’s Superlative Potash Deposit: Daniel Stewart

Danakali Poised to Develop the World’s Largest Undeveloped Sulphate of Potash Deposit

Production costs of about US$250 per tonne imply a healthy profit margin based on SOP projected prices of more than US$500 per tonne.

The Colluli potash project in Eritrea is now not only the world’s largest and most advanced but also economically attractive and fundable Sulphate of Potash (SOP) greenfield development project, with a mine life in excess of 200 years.

BY TREVOR HOEY | PROACTIVE INVESTORS

Danakali Ltd’s (ASX:DNK) Colluli Potash Project in the Danakil Depression region of Eritrea, East Africa, is the world’s largest undeveloped Sulphate of Potash (SOP) deposit.

With a profile such as this and a mine life in excess of 200 years, one would expect the company would be trading at a premium valuation, but not so. Continue reading Danakali Poised to Develop the World’s Largest Undeveloped Sulphate of Potash Deposit

South Boulder Mines Releases Updated Study on Colluli Potash Project

The Colluli potash deposit is the world’s shallowest and the only open pit mining. What a Wonder?

By ProActiveInvestors,

South Boulder Mines (ASX: STB) has provided an update of the economic model for its Colluli Potash Project in Eritrea.

The company has generated a staged development scenario based on the key elements of the two previous Engineering Scoping Studies (ESS-1 and ESS-2) and the in progress Definitive Feasibility Study (DFS).

The staged development scenario assumes an operation commencing at 1 million tonnes per annum of Sylvinite processing only, expanding to 2 million tonnes per annum of Sylvinite and Carnallite processing after two years.  Continue reading South Boulder Mines Releases Updated Study on Colluli Potash Project

South Boulder Mines Eyes Potash JORC Update After Latest High Grade Hits at Colluli

South Boulder has set an exploration target of 1.25 to 1.75 billion tonnes of potash that is worth 150 Billion dollars

By Proactive Investors,

South Boulder Mines (ASX: STB) continues to deliver a string of high grade potash hits from the Colluli Potash Project in Eritrea.

The importance of the first “partial hole assays” returned from upper mineralised zones in 9 holes have confirmed Area B as a significant addition to the Colluli Potash Project, with the results continuing to support the project Exploration Target of 1.25 – 1.75 billion tonnes at 18-20% KCl.

South Boulder said that the continuous zones containing sylvinite, carnallite / kieserite and kainitite mineralisation have been identified in 18 of 22 holes drilled at Area B to date. Boosting the potential of the project even further is that the holes are open in all directions. Continue reading South Boulder Mines Eyes Potash JORC Update After Latest High Grade Hits at Colluli

Ethiopia Eyes Eritrea’s Tio than Assab and Massawa Ports

South Boulder Confirms Colluli as the world’s shallowest potash deposit

By TesfaNews,

Ethiopia’s prime minister Meles Zenawi, in his latest interview with the self proclaimed Eritrea Opposition website, disclosed that in the immediate future, the Eritrean port of Tio is strategic and more economically important to Ethiopia than the traditional Assab and Massawa ports.

He said that under the current prospects in Ethiopia, even if we had Eritrean ports as key ports, we will still be needing Djibouti. We are investing heavily in Djibouti. We are going to build a new railway from Addis Ababa to Djibouti. We are going to build a new railway system from the north to Tajura—a new port will be built in Tajura (old Djibouti port). Continue reading Ethiopia Eyes Eritrea’s Tio than Assab and Massawa Ports

South Boulder Mines Shares up by 25% prompts ASX ‘please explain’

Shares spike with out announcing any news; very strange

proactiveinvestors.com.au

The major potash play South Boulder Mines received a speeding ticket form the ASX (Australian Stock Exchange)  yesterday in the form of a price and volume query, after the company’s shares jumped 25% in intra-day trade to $6.25, from $5.00 on Friday 25 February.

South Boulder said there was no material information that had not been disclosed to the market which may explain the sudden investor interest. Continue reading South Boulder Mines Shares up by 25% prompts ASX ‘please explain’