Infill Drilling At Selebi Delivers Grades Significantly Higher Than MRE

Infill Drilling At Selebi Delivers Grades Significantly Higher Than MRE

TORONTO – Premium Resources Ltd. reports on additional high-grade assay results from resource reclassification drilling at its past-producing nickel-copper-cobalt sulphide (Ni-Cu-Co) Selebi North underground (SNUG) mine in Botswana. Results from a total of ~34,300 metres over 80 holes, including the 17 holes reported herein, were not included in the mineral resource estimate (MRE).

Final Drilling Assay Highlights for Resource Reclassification: 1) SNUG-24-174: South Limb 27.55 metres of 4.97% CuEq (2.14% Cu, 1.38% Ni, 0.07% Co). 2) SNUG-24-146: South Limb 13.15 metres of 4.59% CuEq (1.19% Cu, 1.65% Ni, 0.08% Co).

Morgan Lekstrom, CEO and Director, said, “These results continue to highlight Selebi North’s strong mineralization, which remains open down-plunge and down-dip beyond the known resource. This marks the completion of our infill drill program, and our focus now shifts to high-impact resource growth through an accelerated expansion drilling strategy. This next phase will prioritize areas showing strong correlations with geophysical borehole electromagnetic responses indicative of massive sulphides and high-grade mineralization.”