ann

Well the heading sure has me excited. Key joint venture agreement with Eritrea signed.
South Boulder Mines (ASX: STB) (“STB” or “the Company”) is pleased to announce that it has reached a binding term sheet agreement (“the Agreement”) with the Eritrean National Mining Corporation (“ENAMCO”) regarding ENAMCO’s participation in the Colluli Potash Project (“Project”).
The agreement represents a major milestone in the development of the Project and provides significant certainty as to the economic and fiscal basis under which the Project can be developed. This certainty is expected to assist ongoing discussions with potential strategic investors.
Good luck all