In 2011,South Boulder Mines announced an increases in its resources estimate by 130% to 1.08 billion tonnes of 18-20% KCl. After having several drilling tests and discoveries in the past two years, the company wants to calculate the total resources and reserve estimate as part of the revised feasibility study.
By South Boulder,
South Boulder Mines (ASX: STB) (“STB” or “the Company”) is pleased to advise that it has taken another step in its strategy to develop the Colluli potash project in Eritrea by appointing AMC Consultants (“AMC”) to calculate the revised mineral resource estimate in preparation for the maiden Ore Reserve.
The reserve estimate will form part of the revised definitive feasibility study (DFS) on Colluli. The revised DFS will reflect South Boulder’s new strategy to process the three different types of potassium-bearing salts at Colluli, all of which can be used to make potash products.
South Boulder Chief Executive Paul Donaldson said AMC was already overseeing the mine planning for Colluli, a role which would overlap with the resource and reserve studies. Continue reading AMC Appointed to Calculate Colluli Resource and Maiden Reserve