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).
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.
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→
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.