By Mining Weekly, POTASH developer South Boulder Mines was hoping to raise some A$6-million through a share placement and rights issue to fund the completion of its definitive feasibility study for the Colluli potash project, in Eritrea. South Boulder on Tuesday announced that it would place about 10.97-million shares, at a price of 25c each, […]
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By Proactive Investors, SOUTH Boulder Mines (ASX:STB) pilot tests conducted for the Colluli SOP project Definitive Feasibility Study (DFS) have produced ultra-high purity potassium sulphate (SOP) grades. Potassium sulphate is a premium potash fertiliser used for chloride intolerant crops and arid climatic conditions. The pilot tests have provided SOP samples that can be introduced to […]
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By Proactive Investors, SOUTH Boulder Mines (ASX:STB) shares have risen 44% over the past two weeks to $0.36 as the company progresses its Colluli 50/50 Joint Venture Potash project in Eritrea. Proactive Investors had on 24th March calculated a 12 month price target range of $0.40 to $0.45 and placed a Speculative Buy recommendation on […]
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By Proactive Investors, SOUTH Boulder Mines (ASX:STB) has assembled a world class team with a collective 100 plus years of experience to review the Colluli Pre-Feasibility Study design prior to Definitive Feasibility Study. The committee will comprise Don Larmour from Global Potash Solutions, David Butts from DSB International, John McEwan from McEwan Chemical Engineering Consulting, […]
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By Proactive Investors, SOUTH Boulder Mines (ASX:STB) has finalised the open cut mining method to be used for the Colluli Potash Project in Eritrea. The project hosts a highly-favourably suite of potassium bearing salts for low cost production of potassium sulphate (SOP or sulphate of potash). The open cut mining method decision follows the completion […]
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By Proactive Investors, SOUTH Boulder Mines (ASX: STB) continues to advance its Colluli Potash Project in Eritrea which is a large, high grade potassium bearing resource close to surface in an emerging potash province. Key feasibility studies will be released in 2015 providing further detail and progression on development options. At Colluli over 1 billion […]
Continue ReadingColluli Potash Project in Eritrea: It is the world’s shallowest deposit – the only open pit deposit in the world – the world’s closest to the coast (65Km) potash deposit, and – the lowest mining cost in the industry (US$75 per tonne). Under the new estimation, its mine life has now increased from 50 to 200 years By Proactive Investors, SOUTH Boulder […]
Continue ReadingAt only 70km from sea port and 16m below the surface, the Colluli potash project in Eritrea is the closest to coast, shallowest and the only open cut mining in the world By Inside Briefing, The following is an Inside Briefing interview with South Boulder Mines Chief Executive Paul Donaldson. In this interview, Paul Donaldson provides […]
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