John, another question mate :) After going back and doing some further digging it looks as though SMD's Exmouth project is neighboring STB's Cardabia Phosphate Project? Is that correct (you are the map guy after all) If so not to be sniffed at IMO (think i just found reason to buy more LOL!)
This from South Boulder Mines Cardabia Phosphate Project....
"South Boulders 100% owned Cardabia Phosphate Project is located approximately 200 kilometres north-north east of Carnarvon, Western Australia
The Project comprises three contiguous exploration licences E08/1850, E08/1855, E08/1856 covering around 1,384 square kilometres of prospective phosphate bearing stratigraphy within the northern Carnarvon Basin.
A review of available data has outlined excellent results by previous explorers with grades of up to 49% Phosphate, and numerous grades within the 25% - 30% Phosphate range from +5 millimetre samples fraction obtained from drilling.
The project area contains extensive phosphate nodules hosted within Late Cretaceous contact zones between the Gearle Siltstone - Toolonga Calcilutite and Toolonga Calcilutite - korojon Calcarenite.
South Boulders immediate exploration target will be to locate depressions along the White Peaks Syncline which is considered favourable for the economic accumulations of phosphate nodules.
South Boulder intends to expedite the licence to grant with a view to commencing on-ground exploration as soon as possible."
investing in phosphate, page-15
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