Overview

The Selkirk Project is situated 28 km south-east of the city of Francistown, and 75 km north of the Selebi Mines.  The Project consists of a Mining Licence covering an area of 1,457 ha and four Prospecting Licences covering 12,670 ha. The surface rights over the Mining Licence are privately owned farms 73NQ and 75NQ. 

A total of 1.0 Mt at grades of 2.6% Ni and 1.5% Cu was mined between 1989 and 2002.

Premium Nickel Resources Ltd. has been embarking on the Selkirk due diligence work program since being selected as the preferred bidder in the TNMC liquidation process. The former operator, BCL, acquired Selkirk from Norilsk Nickel through a purchase agreement that was finalized in October 2014. 

PNRL completed the acquisition of the Selkirk Mine in August, 2022. 

Notes

(1) See Table 6-3 of the technical report entitled "NI 43-101 Technical Report, Selkirk Nickel Project, North East District, Republic of Botswana" dated April 12, 2023 (with an effective date of March 31, 2023) prepared for Premium Nickel Resources Inc. by G Mining Services Inc.

(2) The historic mineral resource estimate on the Selkirk Mine is considered to be historical in nature and should not be relied upon as a current mineral resource estimate. While management believes that the historic mineral resource estimate on the Selkirk Mine could be indicative of the presence of mineralization on the Selkirk Mines property, a qualified person has not completed sufficient work to classify the historical mineral estimate as a current mineral resource estimate and PNRL is not treating the historical mineral estimate as a current mineral resource estimate.