Neuste Beiträge aus: South Boulder Mines, Australien, Gold / Nickel / Uran

Die zu erwartende Meldung betrifft den Vertrag mit der Regierung von Eritrea.
Scheint endlich in trockenen Tüchern zu sein.
Hoffentlich hat STB was ordentliches ausgehandelt, damit der Kurs mal wieder in andere Regionen kommt

10/05/2013 Trading Halt

http://www.asx.com.au/asxpdf/20130510/pdf/42ftbptc480cqv.pdf

Info über Duketon Mining

http://duketonmining.com.au/

30/04/2013 Quarterly Activities and Cashflow Report

http://stocknessmonster.com/news-item?S=STB&E=ASX&N=633510

26/04/2013 COLLULI POTASH PROJECT IN-FILL DRILLING RESULTS

http://www.asx.com.au/asxpdf/20130426/pdf/42fgnm0qdfsgf2.pdf

DEMERGER OF NON-POTASH ASSETS

South Boulder Mines Ltd (ASX:STB) (“South Boulder” or “the Company”) is
pleased to advise that the demerger of the Company’s non-potash assets
has been implemented today via an in-specie distribution of 100% of the
ordinary shares held in Duketon Mining Limited to South Boulder Shareholders
as at the record date of 12 April 2013.
The Company advises that the dispatch of holding statements is scheduled to
occur on 17 April 2013.

- ENDS -

http://www.asx.com.au/asxpdf/20130415/pdf/42f8fbgwgb864w.pdf

28/03/2013 Completion on Sale Agreement and Record Date

http://www.asx.com.au/asxpdf/20130328/pdf/42dy4kl8h215v4.pdf

COLLULI POTASH PROJECT :

UPDATED ECONOMICS
South Boulder Mines (ASX: STB) (“STB” or the “Company”) wishes to provide
an update in relation to the economic model for the Colluli Potash Project
located in Eritrea (“Project”).

full report
http://www.asx.com.au/asxpdf/20130321/pdf/42dthbq6cj6n7l.pdf

Antwort auf Beitrag Nr.: 44.090.427 von StockExplorer am 01.02.13 06:30:57Dann hoffen wir mal, dass Mr. Donaldson etwas Schwung in den Laden bringt,
denn die Entwicklung der letzten Monate ist leider nicht so berauschend.

Appointment of Chief Executive Officer

South Boulder Mines Ltd is pleased to announce that Paul Donaldson, has been appointed Chief Executive Officer, effective from today.

For the full report:
http://www.southbouldermines.com.au/files/130201-Appointment…

Resignation of Managing Director

South Boulder Mines Ltd advises that Lorry Hughes has resigned as CEO and Managing Director of South Boulder (and its controlled entities), effective from today.

For the full report:
http://www.southbouldermines.com.au/files/130201-Resignation…

DECEMBER 2012 QUARTER ACTIVITIES REPORT

South Boulder Progresses Colluli Definitive Feasibility Study

Definitive Feasibility Study on 1Mtpa from Sylvinite mineralisation set for
completion in 2013; first production planned for 2016

HIGHLIGHTS

COLLULI POTASH PROJECT (Eritrea)
 Definitive Feasibility Study based on a 1Mtpa operation continued during the Quarter.
 An updated Engineering Scoping Study (ESS-2) on the viability of mining and processing
Carnallite and Kainite mineralisation was completed in November 2012. This study highlighted
the potential to expand the initial 1 Mtpa operation in 2021 to 2 Mtpa by augmenting the
Sylvinite processing operation with Carnallitic ore.
 Large-diameter, close spaced resource definition and extension diamond drilling programs
completed in the September Quarter were logged and sampled. These samples were
subsequently dispatched to laboratories with assay results expected in the first Quarter of
2013. Initial results have highlighted the potential to grow the resource further and improve
project economics. Assay results from 35 holes containing shallow Sylvinite mineralisation are
due to be returned.
 Negotiations with the Eritrean National Mining Company (“ENAMCO”) are continuing regarding
the Company’s participation interest in the Colluli Potash Project. South Boulder has
submitted a proposal for ENAMCO to participate in the Colluli Potash Project by way of a 50/50
profit share, where South Boulder would pay 100% of the development costs.

DUKETON GREENSTONE BELT PROJECTS (Western Australia)
 November 2012 updated Mineral Resource Estimate totals 1.94Mt @ 1.7% Ni (32,700t contained
nickel), 0.4% Cu and 1.9g/t Pt + Pd.
 High-conductance plate identified down-dip from the intersection in TBDD140 by down-hole
electromagnetic (DHEM) surveys remains to be drill-tested.

CORPORATE
 Experienced mining and corporate executive Paul Donaldson appointed as Chief Operating
Officer.
 Cash on hand of $18.5M plus listed investments of $2.4M at Quarter-end.
 Shareholder approval granted at AGM for a demerger of the Company’s non-potash assets. The
demerger will be via an in-specie distribution of 100% of the shares in Duketon Mining Limited to
shareholders of South Boulder on a one-for-four basis.
 South Boulder received a draft Class Ruling from the Australian Tax Office indicating demerger
relief will likely be available to South Boulder shareholders for the proposed distribution.

full report
http://www.asx.com.au/asxpdf/20130131/pdf/42cpyvlfd4d9ys.pdf

30/11/2012 Results of Meeting

http://www.asx.com.au/asxpdf/20121130/pdf/42bmzl7fykdh26.pdf

30/11/2012 AGM Presentation

http://www.asx.com.au/asxpdf/20121130/pdf/42bmr3v6lxlslh.pdf

30/11/2012 Update on De Merger of non Potash Assets - Timing Clarified

http://www.asx.com.au/asxpdf/20121130/pdf/42bm739mr21db5.pdf

SOUTH BOULDER APPOINTS FORMER BHP EXECUTIVE AS CHIEF OPERATING OFFICER

Further strengthens senior management team as it moves to the next stage of development at the Colluli Potash Project

South Boulder Mines Ltd (ASX: STB) (“South Boulder” or “The Company”) is pleased to announce the appointment of highly experienced mining and corporate executive Mr Paul Donaldson as Chief Operating Officer, further bolstering its senior management team as it progresses development of the Colluli Potash Project in Eritrea.

Mr Donaldson, who joins South Boulder from a series of senior management roles spanning more than 20 years with BHP Billiton (“BHP”), will commence with the Company in early December 2012.

At BHP, Mr Donaldson was most recently General Manager of the +50 million tonne per annum Area C Iron Ore operation in Western Australia.

He was formerly Manager of Technical Marketing based in Asia, contributing to both product suite and product placement strategies for coking coal, manganese and iron ore. Other highly relevant roles include Manager of Port Operations at the Nelson Point Facility in Western Australia.

Mr Donaldson also brings extensive experience in high level business improvement and logistics at base metal operations and a high degree of integrated supply chain management, technical operational management and frontline leadership experience in the steel industry.

South Boulder’s CEO and Managing Director, Mr Lorry Hughes, said he was very pleased to have secured someone of Mr Donaldson’s calibre to join the Company in the key role of Chief Operating Officer.

“Paul’s diverse skill-set garnered from large-scale mining, port & logistics operations and bulk commodity marketing along with his chemical engineering background will be a key advantage in unlocking value from Colluli’s multi-product potash stream.

“He is a perfect complement to the existing skills within the Colluli development team and is ideally matched to South Boulder’s needs as we move towards financing and development at Colluli.

“South Boulder is currently focused on defining the scale of the Stage 1 development to determine the optimum mix of capital expenditure versus commercial potash production and Paul will be instrumental in this process.”

“I am looking forward to working with Paul to take the Company to the next stage of its evolution”, Mr Hughes said.

Mr Donaldson holds a Masters Degree in Business and Technology from the University of NSW and a degree in Chemical Engineering from the University of Newcastle.

full report
http://www.asx.com.au/asxpdf/20121129/pdf/42bklj8j05d0z8.pdf

UPDATE ON PROPOSED DEMERGER OF
NON-POTASH ASSETS
Further to its announcement of 18 October 2012, South Boulder Mines Ltd (ASX: STB) (“South Boulder” or “the Company”) provides an update on proposed demerger of its non-potash assets through the planned spin-off of Duketon Mining Ltd.
South Boulder has received a draft Class Ruling1 from the Australian Taxation Office (“ATO”) indicating demerger relief will likely be available to South Boulder shareholders for the proposed distribution, provided the demerger is implemented in accordance with the tax requirements for demerger relief and as outlined in the notice of Annual General Meeting and Explanatory Memorandum released to the ASX on 30 October 2012.
The Class Ruling once issued, only applies to South Boulder shareholders who held their shares in South Boulder on capital account and are residents of Australia for income tax purposes.
Full details regarding the proposed demerger of the Company’s non-potash assets are contained in the Notice of Annual General Meeting and Explanatory Memorandum released to the ASX on 30 October 2012.

CARNALLITE SCOPING STUDY COMPLETED FOR COLLULI POTASH PROJECT AND ENAMCO UPDATE

Definitive Feasibility Study remains focused on 1Mtpa potash production from Sylvinite mineralisation

South Boulder Mines Ltd (ASX: STB) (“South Boulder” or “The Company”) is pleased to announce the completion of a positive Engineering Scoping Study (“ESS-2”) on the technical aspects of the potential to mine and process the underlying Carnallite mineralisation at its Colluli Potash Project in Eritrea.

The previous Engineering Scoping Study (“ESS-1”), released in November 2011, focused on the Sylvinite mineralisation only, which forms the basis of the current Definitive Feasibility Study (DFS) scheduled for completion in 2013.

The results of ESS-2 have provided the Company with significant encouragement to conduct further assessment into the economic viability of open pit mining and processing of the Carnallite mineralisation (which is located below the Sylvinite mineralisation) to produce muriate of potash (“MOP”).

While the results of ESS-2 are encouraging and highlight potential future expansion options for the Project, the scope of the current DFS will remain focused on mining and processing only the Sylvinite at a production rate of 1Mtpa of MOP. This will have lower capital intensity and a greater prospect of attracting finance.

ESS-2 has identified a number of areas that demonstrate positive technical aspects that could allow economic mining and processing of Carnallite to produce MOP as part of a potential future expansion of the Colluli Project. These include:
 Carnallite can be processed utilising solar decomposition and standard froth flotation to produce standard MOP;
 KCl recovery rates of up to 90 per cent may be achieved;
 If both Carnallite and Sylvinite are mined and processed together, the waste-to-ore strip ratio can be significantly reduced;
 Access to Carnallite could allow a significant increase in MOP production above the planned 1Mtpa; and
 Port and transport infrastructure can be expanded to allow increased capacity.

full report:
http://www.asx.com.au/asxpdf/20121127/pdf/42bhkx1v9msfrf.pdf

Antwort auf Beitrag Nr.: 43.859.065 von naphta1 am 24.11.12 15:19:55Wie kommst du zu dieser drastischen Beurteilung " Totalverlust.
Doch nur dann, wenn die Regierung von Eritrea STB das gesamte Colluliprojekt nehmen würde, aber so weit ist es ja glücklicherweise noch ? nicht. Und immerhin hat STB noch Duketon, wobei man sich jetzt vielleicht doch überlegten sollte, es nicht zu verhökern.
Aber selbst nur 50 % an einem Weltklasse Potashgebiet sollten höhere Kurse rechtfertigen oder sehe ich da was falsch?

Zitat von ogonHeute in AU schon wieder fast 8 % minus.
Sind das Kurse um eventuell nochmal nachzulegen?

Wenn man gerne viel Geld verlieren möchte, dann bietet sich South Bolder als Cashburner erster Güte sicherlich an. Ich gehe hier von einem Totalverlust aus; die Perspektiven sind doch jetzt tot; und es sind zig Kapitalerhöhungen zu erwarten, die zu einer dramatischen Verwässerung der Anteile führen wird. Für mich eines der Investments im Minen- und Explorerbereich mit dem schlechtesten Chance-Risiko-Verhältnis derzeit.

Heute in AU schon wieder fast 8 % minus.
Sind das Kurse um eventuell nochmal nachzulegen?

aus dem heutigen HC STB-Forum von "Corker" :

quote

Hi Kerry,
I was very concerned and appalled at the wording of the recent announcement regarding a 50/50 split with the govt. IMO it has left more questions than answers and has created mass panic with shareholders,as can be seen in the 30%+ slide of the SP.
There is no mention of whether the Govt will pay off it's intended 50% of the project with future profits. I can understand not all answers where able to be made, but this announcement was poorly conceived and understood.
Some investors are also concerned about the viability of the project going forward and if STB can still gain finance for the full 700mill on 50% of the
project. There was already concern over the region with severiegn risk, this is why STB was pushed down to a relatively low MC for the past year. Value of the project has been totally eroded now and Lorry needs to take a good hard look at this, faith needs to be restored.
It is my belief that STB need to make another announcement ASAP to clarify these points with shareholders and bestow some more confidence in the
project going forward.

Yours faithfully

RESPONSE:

The ASX announcement of November 5th was released to advise that during the course of discussions with the Eritrean Government and the further development of Colluli it was obvious the Potash project was potentially very large and had a long life and was quite strategic to Eritrea. It was agreed this required a different type of approach. Following that, the Eritrean Government requested South Boulder to put forward its thoughts on a 50/50 profit share arrangement as an alternative to the previously announced 60/40 buy-in structure. In those circumstances the Board determined it appropriate to advise the market of this change.

South Boulder Mines Ltd is at an early stage of negotiations in relation to a revised deal structure and is working to achieve a commercially sound, financeable arrangement which reflect the quality and size of the Colluli Project and provides the best returns from its development. Given the state of negotiations the Company is not in a position to say much more at this time.

We should not lose sight of the fact that Colluli is a large project with a valuable commodity in potash which is vital for food security as the world faces feeding its population.

During the negotiation process, the Board is being advised by Azure Capital and has also strengthened its executive management team with the addition of Mr. Tony Kiernan, an experienced businessman and former commercial lawyer who recently played a key role in Eritrean government negotiations on the acquisition, evaluation, approvals process and ultimately the successful sale of Chalice Gold Mines Ltd’s Zara Gold Project in Eritrea.

As per the recent ASX release, the Eritrean government has made it clear that it fully supports the development of the Colluli Potash Project by South Boulder and is keen to conclude negotiations to enable licensing and development to proceed in a timely and expeditious manner. The Company looks forward to announcing further details of the revised commercial structure as negotiations progress.

Regards

Kerry Rudd | Executive Assistant

unquote

Antwort auf Beitrag Nr.: 43.787.162 von IIBI am 05.11.12 15:01:28
Da kommt in den nächsten jahren noch was auf uns zu die werden in die vollen gehen die brauchen kohle und wir werden wieder gemolken.
Da ist erst der anfang in afrika.

WTF...fängt jetzt Eritrea auch mit dem scheiss an....

die haben sonst immer bezahlt und jetzt plötzlich das? nicht sicher, ob die das durchsetzen können

Antwort auf Beitrag Nr.: 43.785.230 von Karle45 am 05.11.12 03:57:27Heftig, bin nicht investiert, scheint mir aber uebertrieben...

Antwort auf Beitrag Nr.: 43.785.217 von StockExplorer am 05.11.12 01:55:03Scheint den Anlegern in Australien nicht besonders zu gefallen, das STB 50 % an Colluli abgeben will oder muss?
Dort im Moment minus 33,71 % !!!!!

UPDATE ON NEGOTIATIONS WITH THE ERITREAN GOVERNMENT

South Boulder Mines Ltd (ASX: STB) (“South Boulder” or “The Company”) wishes to provide an update on negotiations with the Eritrean Government regarding its participation interest in the Colluli Potash Project.

In March 2012, South Boulder provided the Eritrean National Mining Corporation (“ENAMCO”) with a proposal for ENAMCO to acquire a 30% paid participating interest in the Colluli Potash Project (in addition to ENAMCO’s right to a free-carried 10% interest).

During the course of the negotiations and the ongoing development of the Colluli Potash Project, it became apparent to both the Eritrean Ministry of Energy and Mines (“MOEM”) and South Boulder that Colluli is a strategic and significant asset.

As a consequence, South Boulder has agreed to submit an alternative proposal for ENAMCO to participate in the Colluli Potash Project by way of a 50/50 profit share, where South Boulder would pay 100% of the development costs.

The profit share negotiations need to address a range of matters, with a keen focus on potential financing strategies. In this regard, both the MOEM and South Boulder intend to work together in good faith to determine the appropriate structure and commercial arrangements to develop the Colluli asset.

In discussions MOEM has made it clear that it fully supports the development of the Colluli Potash Project by South Boulder and is keen to conclude negotiations to enable licensing and development to proceed in a timely and expeditious manner.

-ENDS-

http://www.asx.com.au/asxpdf/20121105/pdf/429zn2rpx8vnl9.pdf

01/11/2012 Trading Halt

http://www.asx.com.au/asxpdf/20121101/pdf/429xhnmsz22wm1.pdf