A Promising Discovery for Premium Resources Ltd

In a significant development for the mining sector, Premium Resources Ltd., a company specializing in nickel exploration and development, has made a noteworthy discovery at its Selebi North Underground (SNUG) project. This announcement, made on May 1, 2025, has sent ripples through the industry, highlighting the potential for growth and expansion in nickel resources.

Premium Resources Ltd., listed on the TSX Venture Exchange, operates under the umbrella of North American Nickel Inc. The company’s focus on exploring and developing nickel properties across Greenland, Canada, and the United States has positioned it as a key player in the metals and mining industry. With a market capitalization of CAD 186,610,000 and a recent close price of 0.435 CAD, the company’s financial metrics reflect its current market position, despite a challenging year marked by a 52-week low of 0.315 CAD.

The recent drilling success at Selebi North Underground marks a pivotal moment for Premium Resources Ltd. The company announced the intersection of significant mineralization below the Mineral Resource Estimate (MRE), confirming the down-plunge continuation of massive sulphides. This discovery is not just a testament to the company’s exploration capabilities but also opens new avenues for growth and development.

Key highlights from the drilling operation include:

• Drill hole SNUG-25-184 intersected mineralization 183 meters down-plunge from the MRE, marking a major step-out and opening new growth potential.
• Two strongly mineralized intervals were identified within a broader 13.50-meter mineralized zone, with assays pending.
• A borehole electromagnetic survey in SNUG-25-184 identified strong off-hole responses, indicating that both the South Limb and N2 zones remain open down-plunge.
• Drill hole SNUG-25-186 is advancing toward a further 130-meter step-out from SNUG-25-184, targeting deeper conductive plates identified by the survey.

This discovery is particularly significant as it not only confirms the potential for further mineralization at Selebi North but also suggests the presence of additional resources yet to be tapped. The company’s proactive approach in advancing drill hole SNUG-25-186 towards a further 130-meter step-out underscores its commitment to exploring and developing its nickel properties.

As Premium Resources Ltd. continues to navigate the complexities of the mining industry, this discovery at Selebi North Underground serves as a beacon of potential and promise. With the global demand for nickel, especially in the context of electric vehicle batteries and renewable energy technologies, the company’s focus on nickel exploration and development positions it well for future growth and success.

In conclusion, the significant mineralized step-out at Selebi North Underground marks a pivotal moment for Premium Resources Ltd., offering new opportunities for growth and development in the nickel sector. As the company continues to explore and develop its properties, the mining industry watches closely, anticipating the next steps in this promising journey.