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South Boulder Mines To Update On Pre-Feasibility Study For Colluli

South Boulder Mines (ASX:STB) has been granted a trading halt by the ASX pending an announcement regarding the completion of the Pre-Feasibility Study for the Colluli Project.

The project is located in Eritrea, East Africa, and hosts a 2012 JORC resource of 1.289 billion tonnes with an average grade 10.76% K2O.

South Boulder and the Eritrean National Mining Company (ENAMCO) are equal shareholders of the Colluli Mining Share Company (NYSE:CMSC) which will develop the project.

The halt will last until the opening of trade on Wednesday 4th March 2015, or earlier if an announcement is made to the market.

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