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Premium Resources Ltd V.PREM

Alternate Symbol(s):  PNRLF

Premium Resources Ltd, formerly Premium Nickel Resources Ltd, is a mineral exploration and development company. The Company is focused on redeveloping its past-producing nickel, copper, and cobalt sulphide mines in the Republic of Botswana. Its Selebi Mine Project consists of a single 10-year mining license covering an area of 11,504 hectares located south of the town of Selebi Phikwe. The Selkirk Project is situated 28 kilometers (km) south-east of the city of Francistown, and 75 km north of the Selebi Mines. The Project consists of a mining license covering an area of 1,457 hectares (ha) and four prospecting licenses covering 12,670 ha. The Maniitsoq Project is a centered approximately 125 km north of Nuuk, the capital of Greenland, and consists of three contiguous mineral exploration licenses situated just east of the towns of Maniitsoq and Napasoq. The Post Creek and Halcyon projects are located 35 km northeast of Sudbury in Norman, Parkin, Alymer and Rathburn townships.


TSXV:PREM - Post by User

Post by BSdetector2016on May 01, 2024 7:46am
116 Views
Post# 36016729

Q1 Financials

Q1 FinancialsWe won't know what their financial position is until the end of May. Until their burn rate and cash position is known it will be difficult to ascertain the urgency of a new financing. Given this, and the lack of market appetite for nickel anything, a continued slide in SP will occur until there is clarity about their situation. The new resource will be rolled-out with great fanfare but will have the ball and chain of impending dilution weiging it down.   
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