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Additional Information
Market: ASX
Sector: General Mining
EPIC: STB
Latest Price: A$0.91  (4.60% Ascending)
52-week High: A$3.48
52-week Low: A$0.79
Market Cap: A$105.77M
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South Boulder Mines
www.southbouldermines.com.au

South Boulder’s (ASX: STB) flagship project is the world class Colluli Potash Fertilizer Project in Eritrea where mine production of 1Mt p.a. is scheduled for 2016 or sooner from the world's first open cut potash mine.

 

South Boulder also operates the Duketon Project in Western Australia where there is demonstrated potential for gold, nickel sulphide and base metal mineralisation.

 

Full South Boulder Mines profile here
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Sprott Asset Management boosts South Boulder Mines stake to 18.5% post placement

17th Dec 2010, 8:52 am

Sprott Asset Management now holds an 18.5% stake in South Boulder Mines (ASX:STB), up from 15.1%, after purchasing 3.5 million shares at $2.00 in a placement.

Sprott has been a strong supporter of South Boulder recently, after increasing its stake in both August and June this year.

South Boulder shares have recently been rallying due to continued near surface potash hits at the Colluli Potash Project, in Eritrea, with the shares last trading at $2.80.

The impact for Sprott is the recent $7 million investment through the placement is already 40% higher on paper, equivalent to a $2.8 million capital gain.

South Boulder remains well funded with working capital of $13.5 million, which includes the value of listed securities which are able to be liquidated.

 

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