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Perth, Oct 14, 2011 (ABN Newswire) - South Boulder Mines Limited (ASX:STB) is pleased to announce that Dr Chris Gilchrist has agreed to join the Board' as a non-executive Director with immediate effect.

Dr Gilchrist is an internationally renowned mining executive with over 30 years experience gained at senior management and director level within a variety of operating mining companies. Dr Gilchrist has significant experience in potash and has successfully built large mining operations in Africa. Since December 2010 he has been managing the Colluli Definitive Feasibility Study (DFS) and travelling to Eritrea extensively. The DFS is due to be complete in 2013 with production scheduled for 2016 or sooner.

Dr Gilchrist is currently a director of the consulting firm Gilchrist Mining Ltd, based in Ireland, and has previously served on the boards of Kenmare Resources plc (LON:KMR) and Cleveland Potash Limited.

CEO and Managing Director Lorry Hughes commented on the appointment.

"Chris joining the Board of South Boulder is a very positive development for the Colluli Project and fits well with our expansion plans. His experience is highly regarded in the potash industry and invaluable as South Boulder transitions from developer to potash producer.

His expertise covers all facets of the mining life cycle including feasibility, mineral processing, capital raising, contract negotiation, project management, ramp-up and operations. Dr Gilchrist is based in Europe which gives us a permanent presence in the key financial centre for African mining projects.

This is a great endorsement for the Company and the Colluli Potash Project in South Boulder being able to secure such a high calibre Director."

About South Boulder Mines Limited

CMSC owns exploration tenements spanning over 400km2 within the Danakil Depression in South East Eritrea.

Since 2010, 97 holes have been drilled identifying a resource containing more than one billion tonnes of potassium bearing salts suitable for the production of potash fertilisers.

South Boulder Mines Ltd is currently working on the Feasibility Study to support the development of the project.


Contact

Lorry Hughes
CEO/Managing Director
South Boulder Mines Limited

Kerry Rudd
Share Holder Enquiries
South Boulder Mines Limited

Liam Cornelius
Executive Director
South Boulder Mines Limited

Terry Grammer
Chairman
South Boulder Mines Limited

Tel: +61-8-6315-1444
http://www.southbouldermines.com.au



Related Companies

South Boulder Mines Limited          
Kenmare Resources


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