Premium Resources has announced an ambitious six-month development strategy to accelerate the advancement of its critical metals assets in Botswana.
The Toronto-based exploration company is intensifying drilling, metallurgical testing, and resource expansion activities across its Selebi and Selkirk projects in a bid to fast-track its path to production and unlock the full potential of its portfolio.
The core focus is on expanding and proving the scale of the Selebi North and Selebi Main deposits—collectively known as the Selebi mine—while advancing the Selkirk project through cost-effective, targeted work.
“We’re entering an accelerated growth phase that will showcase the scale of Selebi, particularly the hinge zone, and address key metallurgical questions,” said CEO Morgan Lekstrom. “Our approach is methodical and strategic, positioning Premium as a major contender in the critical metals sector.”
The updated work program includes three key drill campaigns at Selebi:
- Surface Drilling at Selebi Main to test for a potential third mineralised horizon located about 150 m below the current resource, targeting a large borehole electromagnetic (BHEM) anomaly.
- Hinge Zone Drilling across a 2 km area between Selebi Main and Selebi North, aiming to investigate previously untested BHEM plates and unlock strategic expansion opportunities.
- Underground Drilling at Selebi North, supported by the development of an exploration drift. The company plans to drill 2,525 m across four holes in the next six to eight weeks, building on a previous 80-hole, 33,963 m infill campaign, with assay results still pending.
In total, Premium intends to complete over 15,000 m of drilling during this phase.
In parallel, metallurgical testing is underway at Selebi. This includes flotation studies and assessments of X-ray transmission (XRT) ore sorting technology to improve processing efficiency by reducing waste and increasing feed grade.
The company is also working with Ideon Technologies to apply muon tomography, aiming to produce high-resolution 3D density maps of subsurface mineralisation.
At the Selkirk project, Premium has launched a surface drilling program to expand resources and advance metallurgical flowsheet development. Drill core from Selkirk will be used for preliminary XRT testing.
Additionally, a resampling campaign targeting platinum group elements (PGEs) aims to upgrade and expand the existing resource estimate.
“The high-grade nature and size of Selebi, combined with our aggressive drilling and metallurgical strategy, represent a critical step toward building what we believe could be a world-class, long-life critical metals operation,” Lekstrom added.
