South Boulder Mines’ (ASX:STB) non-executive chairman Seamus...

South Boulder Mines’ (ASX:STB) non-executive chairman Seamus Cornelius has bought 66,289 shares in the company on the market.

He paid a total consideration of $10,389.80, or an average of $0.157 each, for the shares, which brings his total holding to 5,166,628 shares.

Cornelius also holds 2 million unlisted options exercisable at $0.34 each and expiring 29 November 2016.

The company recently secured an export terminal area for Colluli Potash Project in Eritrea.

It has a large combined Resource of 1.08 billion tonnes at 18% KCl that has the potential to produce premium potassium sulphate fertiliser which currently carries a price premium of approximately $300 per tonne.