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 Ltd has its key project in Eritrea (Africa). The Company’s main focus is on potash.
South Boulder Mines Strikes Key Joint Venture Agreement With Eritrea
South Boulder Mines (ASX: STB) (“STB” or “the Company”) is pleased to announce that it has reached a binding term sheet agreement (“the Agreement”) with the Eritrean National Mining Corporation (“ENAMCO”) regarding ENAMCO’s participation in the Colluli Potash Project (“Project”).. For further information, please go to:
2013 Annual General Meeting Presentation
South Boulder Mines Ltd held its 2013 Annual General Meeting on 29 November. To view the presentation, please go to: