Project Overview

South Boulder Mines Ltd has key projects in Eritrea (Africa) and Western Australia.

The Company is focused on potash as well as multiple gold and nickel prospects.

South Boulder’s Colluli Potash Project, Eritrea has added recent value to the Company’s portfolio due to exploration success and increased global demand. The Project is located in the Danakil Depression region of Eritrea approximately 65km from the coast and comprises 906km²; the project hosts a world class evaporative potash deposit. South Boulder Mines Ltd is working steadily towards developing the world’s first, modern, open pit potash mine, with initial production scheduled for 2016 or sooner.

South Boulder also has quality assets in the Duketon Greenstone Belt, Western Australia. The projects are considered highly under explored for gold and base metals. The Company owns 100% of all gold rights as well as 100% of all nickel rights with the exception of the Rosie/C2 Projects, where by Independence Group NL (ASX: IGO) can earn 70% on the completion of a Bankable Feasibility Study within five years of the grant of Mining License M38/1252.

For up-to-date information on our projects please view our latest corporate presentation.