South Boulder Mines (ASX: STB) continues to deliver a positive news flow from the Colluli Potash Project in Eritrea, with today no exception.
South Boulder has boosted the Measured and Indicated resource categories 130%, boosting the overall JORC Resource to 564.40 million tonnes at 18.60% KCl for 104.96 million tonnes of contained potash – which is easily extractable due to being within 100 metres of the surface.
The significance of the confidence upgrade is that the new resource will underpin the Definitive Feasibility Study, along with potential new ore reserve calculations.
Another plus for South Boulder is that the latest results continue to support the Exploration Target of 1.25 to 1.75 billion tonnes at 18-20% sylvinite KCl. Continue reading South Boulder Mines Announces a 130% Increase in Colluli Potash Resource