South Boulder Mines Limited (ASX:STB) Announce Key Feasibility Appointment for the Colluli Potash Project
Perth, Aug 25, 2011 AEST (ABN Newswire) - South Boulder Mines Limited (
ASX:STB) is pleased to announce the appointment of a highly experienced open cut mining engineer to the management team.
Dayle Kenny (BE Mining, MBA, MAusIMM) has over 30 years mining and feasibility study experience gained from a variety of senior management roles that are relevant to the Colluli open pit potash project. His expertise covers all aspects of the mining life cycle including resource evaluation, bankable feasibility studies, mine design, pit optimisation, geotechnical rock mechanics, tailings management, hydrogeological assessment, solar evaporation, environmental management, mineral processing and transport.
His particularly relevant experience includes the completion of numerous mining feasibility studies to exploit shallow mineral resources and his strong technical and financial analysis skills. This experience has been attained from managing large and small scale mining operations in Australia and Africa.
Mr Kenny has consulted extensively to the mining industry and previously worked for companies including Rio Tinto (ASX:RIO), Hamersley Iron Pty Ltd, Western Mining Corporation, Normandy Resources NL and Toro Energy Ltd (ASX:TOE).
South Boulder's CEO and Managing Director, Lorry Hughes, explains the significance of the appointment.
"The high level open cut mine engineering experience Mr Kenny brings to South Boulder compliments directly the existing feasibility team. He will work closely with the potash expertise of our feasibility manager, Chris Gilchrist, Ercosplan and our Eritrean team to implement and expedite the technical evaluation of the project. This is a key appointment and will allow us to progress through feasibility studies without delay. In addition his financial analysis skills to assess project options will be invaluable going forward to allow us to focus on the best options and get into production in 2016 or sooner."
Further updates on feasibility progress will be released as they come to hand.
About South Boulder Mines Limited
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.
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