South Boulder Mines has further strengthened its position in the fertiliser sector by applying for additional prospective potash and phosphate projects. A new phosphate project called Thangoo has been applied for in the Canning basin. A previous drill intersection of 15.2m @ 4.3% P2O5 from 137.2m depth confirms the potential of this new ground position. The existing Cardabia phosphate project has been expanded with the addition of two additional exploration licences, effectively doubling the size of the project and establishing South Boulder Mines as the dominant land holder in the Cardabia region.
When do we think an update on the above will be announced to the market?
STB Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
