News: South Boulder Mines granted additional time for capital raising

South Boulder Mines (ASX:STB) has been granted a voluntary suspension by the ASX to complete a capital raising.

South Boulder said that it expects that the suspension will end on or before Wednesday 29th April 2015.

The company is focussed on the Colluli 50/50 Joint Venture Potash project in Eritrea.

Colluli hosts a JORC Resource of 1,289 million tonnes of open pittable ore containing 260 million tonnes of recoverable Potassium Sulphate or Potash that is also known as (SOP).

The Colluli resource has a potential mine life exceeding 100 years.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.