South Boulder Mines to detail equity participation arrangement at Colluli Potash project
South
Boulder Mines (ASX:STB)
is in a trading halt and will be releasing details of the outcome of ongoing
negotiations with the Eritrean government regarding participation arrangements
at the Colluli potash project.
The halt will be in place until an announcement is made or 14 May, whichever is
earlier.
South Boulder is in discussions with the Eritrean National Mining Co regarding
ENAMCO's equity interest in the project.
Current negotiations envisage a 50% interest share for each of ENAMCO and South
Boulder.
The Colluli Potash Project hosts a total JORC resource of 1.08
billion tonnes at 17.97% KCl or 11.35% K2O for total contained potash of 194
million tonnes KCl or 123 million tonnes K2O.
A definitive feasibility study that started in April 2012 is currently
underway.
Related news
- Yellow Diamonds - A Gap in the Diamond market
- Coffee with Samso: Episode 1, Australian Tungsten Projects and How the Chinese Market View The Tungsten sector
- Chasing for Kryptonite, the unknown other Lithium source
- What is In-Situ Recovery? Mining in a National Park with no environmental footprint
- Buds & Duds: Cannabis stocks drop but Weekend Unlimited shares jump on CBD hemp seed news
- Hemispherx treats first patient with cancer drug Ampligen in Phase 2 clinical trials
- THC Global granted cannabis Manufacture Licence, shares surge 20%
.jpg)