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 Nickel Resources Botswana (“PNRB”) a wholly owned subsidiary of PNRL 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. 

PNRB’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 PNRB transactions encompass two fully permitted, Ni-Cu-Co Mine re-development projects; former BCL Selebi Mine (Selebi Main and Selebi North deposits), dubbed the “Tsholofelo Project” as well as the former Tati Nickel Mining Company (TNMC) Selkirk Mine.  

We aim to redevelop and modernize the remaining resources, to produce two separate Ni and Cu commercial concentrates. Our goal includes operations designed to exceed the highest demands from the electric vehicle market for transparency in sourcing green metal supply with the adoption of leading sustainability, environmental efficiencies, less power, less water, alternative energy, electrification, low carbon footprint. 

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, PNRL was selected as the preferred bidder and awarded exclusivity on all assets under liquidation. On March 24, 2021, PNRL 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, PNRL 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 PNRL. Immediately following the closing of the Selebi Mine transaction, PNRL 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, PNRL has executed an APA for the Selkirk Mine, 100km to the north, nearing Francistown. The Selkirk APA, which includes several regional exploration licenses, was signed on January 19, 2022. PNRL is targeting the closing of the Selkirk APA, and transfer of ownership of the asset, mid-summer 2022. 

Vision

To create local wealth and skills, while participating in the revival and development of the diversified local economy, ultimately independent of the mines. Minimizing the environmental footprint throughout, during the operating life as well as after the remediation of the associated infrastructure.

Mission

To re-develop and modernize the Selebi and Selkirk Mines, as sustainable long-term suppliers of leading ES&G compliant nickel-copper-cobalt and platinum group metals to the world.

Values

To be accountable to its stakeholders and operate with a strong culture entrenched in transparency, integrity and fairness. 

Values will be used:

  • in all facets of our operations from decision making to communication practices
  • in hiring and recruitment 
  • in performance management 

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 PNRB’s processes and procedures, including our Code of Business Conduct & Ethics and Social Responsibility policies.

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