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
    contingency)
  • 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

Sources:
PFS results:
http://www.asx.com.au/asxpdf/20150304/pdf/42x1r1nf42tr1m.pdf
DIrector’s interest change:
http://www.asx.com.au/asxpdf/20150313/pdf/42x8k9c56y8gmd.pdf
http://www.asx.com.au/asxpdf/20150309/pdf/42x4xwm6w9hrwt.pdf

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

View original post

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: