Tag Archives: PFS

PFS Proves Colluli a Low-Cost World-class Potassium Sulphate Project

World's shallowest known potassium bearing evaporate deposit
Colluli – World’s shallowest known potassium bearing evaporate deposit

By ABN Newswire,

EAST AFRICA focused potash company South Boulder Mines (ASX:STB) has announced Pre-feasibility Study results that show its flagship Colluli potash project could become one of the lowest-cost, and most significant, potassium sulphate operations in the world.

Operations will focus on the production of high quality potassium sulphate which commands a price premium over the more common potassium chloride product.

It is also the world’s shallowest known potassium bearing evaporate deposit.

Cash costs are forecast at US$189 per tonne of potassium sulphate, with the premium Anfile Bay potassium sulphate expected to fetch US$588 per tonne on market.  Continue reading PFS Proves Colluli a Low-Cost World-class Potassium Sulphate Project

South Boulder Publishes Prefeasibility Study (PFS) for Eritrea Potash Project

South Boulder Mines has delivered the Pre-Feasibility Study (PFS) on its 50% owned Colluli Project, located in the Danakil region of Eritrea. The PFS demonstrates that Colluli is expected to become one of the world’s most significant and lowest cost potassium sulphate operations.

By Esmarie Swanepoel,

THE prefeasibility study (PFS) into the Colluli potash project, in Eritrea, has estimated that the project would require an initial investment of some $442-million.

The PFS examined a two-module development with an expected production of 425 000 t/y sulphate potash for the first five years of operation, increasing to 850 000 t/y for the remainder of the proposed 30-year mine life.  Continue reading South Boulder Publishes Prefeasibility Study (PFS) for Eritrea Potash Project

South Boulder Mines Completes Pre-Feasibility Study Ahead of Schedule

PFS Level Drilling Completed Ahead of Schedule and DFS level drilling commences for dewatering and infrastructure

By South Boulder Mines,

SOUTH Boulder Mines (ASX:STB) is pleased to announce Pre-Feasibility Study (PFS) level drilling at its Colluli Potash Project in Eritrea, East Africa, has been completed ahead of schedule.

The early completion of the PFS section of the drilling program allows for the finalisation of the mining study and the Resource Report by the Perth-based international team AMC Consultants and will help ensure the timely delivery of the PFS early in 2015.

Drilling will continue at Colluli into the Definitive Feasibility Study (DFS) section of the program; investigating the foundation locations of critical infrastructure and drilling the dewatering bores. Continue reading South Boulder Mines Completes Pre-Feasibility Study Ahead of Schedule

South Boulder Mines Secures Strategic Chinese Investor for Colluli Potash

It appears by securing KLID as an investor in the Colluli Project, the CMSC board and South Boulder now have a Chinese partner to secure an offtake agreement.

By Proactive Investors,

SOUTH Boulder Mines (ASX:STB) shares are set to trade higher after the company attracted investment from the Hong Kong based Kam Lung Investment Development Company (KLID).

The company will issue to KLID 10 million shares at $0.185 to raise A$1.8 million, which is a 13% premium to STB’s 30 day VWAP.

The importance of the placement also delivers South Boulder a strategic investor who is on the lookout for a binding offtake agreement.

South Boulder and the Eritrean National Mining Company (ENAMCO) are equal shareholders of the Colluli Mining Share Company (CMSC) which will develop the Colluli Potash project.  Continue reading South Boulder Mines Secures Strategic Chinese Investor for Colluli Potash