CMSC owns exploration tenements spanning over 400km2 within the Danakil Depression in South East Eritrea.
Since 2010, 97 holes have been drilled identifying a resource containing more than one billion tonnes of potassium bearing salts suitable for the production of potash fertilisers.
South Boulder Mines Ltd is currently working on the Feasibility Study to support the development of the project.
South Boulder Mines Ltd (ASX:STB) is very pleased to announce the appointment of Mr Flavio Garofalo in the new role of Chief Financial Officer, effective from February 2012.
South Boulder Mines Limited (ASX:STB) is very pleased to report that Discounted Cash Flow financial modeling for the base case Stage 1 open pit mining and processing of the Colluli Potash Deposit has returned highly favourable economics.
South Boulder Mines Limited (ASX:STB) is very pleased to report that engineering scoping study results have confirmed the viability of the Colluli Potash Project and the Company has committed to progress a definitive feasibility study scheduled for completion in the next 14-17 months. The study has been completed by ERCOSPLAN Ingenieurgesellschaft Geotechnik und Bergbau mbH (ERCOSPLAN) with input from a number of independent mining organisations and professionals under the guidance of Dr. Chris Gilchrist.
South Boulder Mines Limited (ASX:STB) is pleased to announce that Dr Chris Gilchrist has agreed to join the Board' as a non-executive Director with immediate effect.
South Boulder Mines Limited (ASX:STB) is very pleased to report a 130% increase to the Measured and Indicated resource at the Colluli Potash Project. Within 100m of the surface, the total JORC Compliant Mineral Resource Estimate has increased to 564.40Mt @ 18.60% KCl for 104.96Mt of contained potash. This increase in resource confidence will underpin the definitive feasibility study and potential ore reserve calculations.
South Boulder Mines Limited (ASX:STB) is pleased to confirm that high grade potash has been intersected from recent shallow diamond drilling at the Colluli Area B discovery.
South Boulder Mines Limited (ASX:STB) is pleased to announce the appointment of a highly experienced open cut mining engineer to the management team.
South Boulder Mines Limited (ASX:STB) (OTC:SBMSY) is pleased to announce the establishment of a Sponsored American Depository Receipt (ADR) Program.
South Boulder Mines Limited (ASX:STB) is pleased to report that exploration drilling at the Area B discovery continues to substantially grow the resource potential at the Colluli Potash Project. Drilling highlights include.
South Boulder Mines Limited (ASX:STB) is pleased to report that assay results from diamond drilling have returned further high grade potash from the Colluli Area A potash deposit. The results from another two holes within the current JORC/43-101 compliant Mineral Resource Estimate area, continue to confirm the robust nature of the deposit.
