The Selkirk Project is situated 28 km south-east of the city of Francistown, and 75 km north of the Selebi Mines. The Project consists of a Mining Licence covering an area of 1,457 ha and four Prospecting Licences covering 12,670 ha. The surface rights over the Mining Licence are privately owned farms 73NQ and 75NQ.
A total of 1.0 Mt at grades of 2.6% Ni and 1.5% Cu was mined between 1989 and 2002.
Premium Nickel Resources Ltd. has been embarking on the Selkirk due diligence work program since being selected as the preferred bidder in the TNMC liquidation process. The former operator, BCL, acquired Selkirk from Norilsk Nickel through a purchase agreement that was finalized in October 2014.
PNRL is still in the process of acquiring the Selkirk Project. PNRL entered into the definitive agreement for the acquisition of the Selkirk Project on January 20, 2022. On May 11, 2022, the parties agreed to extend the 120-day closing period by an additional 40 days. The closing was subsequently delayed until mid-August to enable the parties to complete elements of the conveyancing. There is no certainty that PNRL will successfully close the acquisition of the Selkirk Project.