Welcome to our dedicated page for Premium Resources news (Ticker: PRMLF), a resource for investors and traders seeking the latest updates and insights on Premium Resources stock.
The PRMLF news page on Stock Titan aggregates recent disclosures and media coverage related to NexMetals Mining Corp., a mineral exploration and development company focused on redeveloping previously producing copper, nickel and cobalt mines in the Republic of Botswana. News releases linked to PRMLF and its Canadian listing NEXM provide insight into how the company is advancing its Selebi and Selkirk assets.
Investors following PRMLF can review updates on drilling campaigns at the Selebi mines, where the company reports surface and underground programs targeting mineralization between the Selebi North and Selebi Main deposits and down-plunge extensions beyond an existing resource model. Articles also cover work at the Selkirk mine, a past-producing copper-nickel-cobalt-platinum group elements sulphide deposit, where NexMetals has described 12-hole drilling programs, resampling of historical core and metallurgical test work designed to support potential resource expansion and flowsheet development.
Company news has also included corporate actions and governance developments, such as the change of name from Premium Resources Ltd. to NexMetals Mining Corp., the adoption of the NEXM trading symbol on the TSX Venture Exchange, share consolidation plans connected to a proposed Nasdaq listing, and changes in senior leadership roles. In addition, NexMetals has announced investor town halls and marketing arrangements intended to communicate its plans to shareholders.
By monitoring this PRMLF news feed, readers can see how NexMetals describes the progress of its drilling, resampling and metallurgical programs, as well as its corporate evolution and regulatory disclosures. Bookmarking the page allows users to quickly find new press releases and related coverage tied to the company’s Botswana-focused mining projects and stock symbols.
NexMetals Mining (OTC Pink: PRMLF) has added a second drill rig at its Selkirk Mine in Botswana to accelerate its ongoing surface drilling program. The company has completed ~2,050 metres across six holes in its 12-hole program, with holes seven and eight currently in progress.
The drilling program focuses on resource expansion and metallurgical flowsheet development at the past-producing copper-nickel-cobalt-platinum group elements mine. The company has also resampled 29 of 34 identified historical holes, totaling 8,707 metres, to support an updated geological model. Assay results are expected in mid-July.
Premium Resources Ltd. (PRMLF) has announced significant drilling results at its Selebi North Underground (SNUG) project, demonstrating substantial mineralization expansion. The key discovery includes drill hole SNUG-25-186 intersecting South Limb mineralization over 16.20 metres, located 132 metres down-plunge from the previously announced SNUG-25-184 hole.
Together, these drill holes have extended the South Limb mineralization by 315 metres down-plunge from the 2024 resource model's lower extent. Borehole electromagnetic (BHEM) surveys indicate thicker mineralization northwest of SNUG-25-186. The current resource has a down-plunge extent of 965 metres, with ongoing drilling targeting further expansion. Follow-up drilling is underway with SNUG-25-189, and assays for 2025 drill holes are expected in early July.
Premium Resources (PRMLF) has initiated a surface drilling program at its past-producing Selkirk copper-nickel-cobalt-PGE mine in Botswana. The program includes 12 drill holes focused on validating legacy data and supporting future resource model updates. The company is also resampling historical core, with 17 historical drill holes already resampled in 2024 and 34 additional holes identified for resampling.
The Selkirk Mine, which operated between 1989-2002 under Anglo American, historically produced 1 million tonnes at 2.6% Ni and 1.5% Cu. The current program aims to expand and upgrade the existing 44.2Mt Inferred Mineral Resource Estimate. The company is also conducting metallurgical optimization to develop a comprehensive metallurgical model for future development decisions.
Premium has also engaged ICP Securities Inc. for automated market making services at a monthly fee of C$7,500 for an initial four-month term.FAQ
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