South Boulder Mines Ltd is a 50% shareholder of the Colluli Mining Share Company (CMSC), a joint venture between South Boulder Mines Ltd and the Eritrean National Mining Company (ENAMCO).
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 Strikes Key Joint Venture Agreement With Eritrea
South Boulder Mines (ASX: STB) (“South Boulder” or “the Company”) is pleased to announce that it has completed and signed a Shareholders Agreement with the Eritrean National Mining Corporation (ENAMCO) outlining the key joint venture terms covering the Colluli Potash Project’s development. For further information, please go to:
Broker Presentation – February 2014
South Boulder Mines (ASX: STB) (“South Boulder” or “the Company”) is pleased to present the latest Broker Presentation Defining A New Path Forward. For the full presentation, please go to: