Botswana

Overview

Financial
Competitive tax rates and no foreign exchange controls
Population
Approximately 2.3 million
Industry
Highly rated global mining jurisdiction with rule-or-law
Political
Stable political, fiscal, and macroeconomic environment.

Building a portfolio of Battery Grade Ni-Cu-Co-PGM assets

Premium Resources Botswana a wholly owned subsidiary of PREM and is a Botswana registered company that will lead the operation of the Botswana assets. Our long-term strategy includes disciplined cost controls to ensure profitable operations and maintained stakeholder benefits for the full life of the operations. 

PREM's strategy is to act as a mechanism of growth in the creation of a strong economy within Botswana, with a purpose where respect and trust are core to every single step that will be taken.  Our success will mean following international best-in-class practices for the protection of Botswana’s environment and the focus on its people, building partnerships and earning respect, through cooperation and collaboration. We are committed to Governance through transparent accountability and open communication within our team and with all our stakeholders.

The PREM transactions encompass two fully permitted, past-producing Ni-Cu-Co-PGE Mine re-development projects; former BCL Selebi Mine (Selebi Main and Selebi North deposits), as well as the former Tati Nickel Mining Company (TNMC) Selkirk Mine.  

History

We began our initial due diligence on the former producing BCL Mines in Selebi-Phikwe, and the Tati Nickel Mining Company (formerly operated by LionOre) Phoenix and Selkirk Mines east of Francistown, in December 2019. On June 30, 2020, PNRL submitted an Indicative Offer (“IO”) to the BCL Liquidator to acquire the prospective Ni-Cu-Co assets in Botswana. In February of 2021, PREM was selected as the preferred bidder and awarded exclusivity on all assets under liquidation. On March 24, 2021, PREM began a 6-month exclusivity period to carry out further due diligence and related purchase agreements. During this time, we were able to analyze resource and infrastructure potential best suited to our business model and build valuable stakeholder relationships to fully understand the regional affect of the prospect. 

On September 28, 2021, PREM executed a binding Asset Purchase Agreement (“APA”) for the previously producing Selebi Mine. The Selebi APA closed on January 31, 2022, marking the transition of ownership of the mine and select related infrastructure to PREM. Immediately following the closing of the Selebi Mine transaction, PREM initiated the first Study Phase which is expected to take ~18-24 months to advance the Tsholofelo Project to a Pre-Feasibility level: recharacterize the assets, increase the resources and extend the mine life.

Separately, PREM has executed an APA for the Selkirk Mine, 100km to the north, nearing Francistown. The APA for the Ni-Cu-Co-PGE Selkirk Mine, together with associated infrastructure and four surrounding prospecting licenses closed on August 22, 2022.

Vision

To foster local wealth and skill development, actively contributing to a diverse and resilient local economy that can thrive independently of mining activities. Committed to minimizing our environmental footprint throughout operations and ensuring responsible remediation and land restoration for the future.

Mission

To re-develop and modernize the Selebi and Selkirk Mines, positioning them as sustainable, long-term providers of ethically sourced, ES&G-compliant nickel, copper, cobalt, and platinum group metals for the global market.

Values

To uphold accountability to all stakeholders, grounded in a culture of transparency, integrity, and fairness.

Ethics

We are committed to, and take great pride, in acting with the utmost integrity.   We act ethically by doing the right things, at the right time and in a manner that adheres to the highest ethical standards.  We act in compliance with the law and PREM's processes and procedures, including our Code of Business Conduct & Ethics and Social Responsibility policies.

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