South Boulder Mines Ltd has further strengthened its position in the fertiliser sector by purchasing an option to acquire 100% of three ‘granted’ exploration licences prospective for phosphate and base metal mineralisation in the Georgina Basin in Australia’s Northern Territory.The granted exploration licences cover approximately 3,205 square kilometres in the Southern Georgina Basin and include substantial extents of prospective Cambrian carbonate sequences. The tenements are immediately north and northwest along strike from Uramet Minerals’ Boat Hill Phosphate Prospect.

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