South Boulder to raise A$6m; seeks partner for Colluli Potash Project costs

By Josie Shillito
Published: Tuesday, 28 April 2015

Raising A$6m is a step in the right direction, but with Colluli potash phase i project costs estimated at $442m, South Boulder will need the backing of a significant strategic investor.

ASX-listed South Boulder Mines Ltd is looking to raise up to Australian Dollar (A$) 6m ($4.7m*) to finance a defined feasibility study (DFS) on its Colluli Potash Project in Eritrea, East Africa. The capital raised will also advance the project’s technical marketing and move it towards the production phase, the...

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