South Boulder Mines Potash Project – PFS and Director’s Interests (ASX:STB)

Industrial Minerals News

Summary: After a successful pre-feasibility study by South Boulder Mines (ASX:STB) on the 4th of March 2015, directors have been acquiring a larger stake in the company (see below). A DFS is to be completed by Q3 2015, with first production planned for 2018.

  • Development Capital for Phase I of US$442 million (including US$48 million
  • 75km to proposed export terminal
  • World’s shallowest known potassium bearing evaporite deposit
  • 1.289Bt resource at 10.76% K2O for 152.7Mt contained K2O (97% measured and
    indicated) supports a +100 year mine life
  • Located in Eritrea, East Africa
  • 50% owned by Eritrean national Mining Company

PFS results:
DIrector’s interest change:

This does does not constitute investment advice, always remember to do your own research

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