Premium Nickel Resources (PNRL.V) – soon to be renamed Premium Resources – has extended the study phase for the Selebi Mines project in Botswana, allowing the company to take an additional year to complete an economic study and to make the next US$25M cash milestone payment.
At Selebi, the company continues its resource drill program at Selebi North, which will be completed by the end of this year. Meanwhile, the underground development team has alraedy mobilized to the main deposit to prepare for the underground drill program in 2025. The underground exploration program will help to support the planned economic study on the asset as the company continues its engineering studies in the background.
Disclosure: The author has a long position in Premium Nickel Resources. Please read the disclaimer.
